calculating
where this is incredible in the early early nineteen eighties you know they
had this
he reported social security was one of the things that you could argue he did
well although i would say they're wrong
cuz he doubled the taxes on working people
literally doubled the tax diesel scary takes on working people and put a cap on
it there was inflation adjusted but it'd be capped at that time was around forty
thousand dollars a year of max loan amount of income
and after that you have to pay so straight excel
the upper middle class and very wealthy people pay
of dev virtually nothing i mean very extremely wealthy people you know not in
a fragment of a percent of their income into social security
whereas all of the income of working people now up to a hundred and
may thirteen yr honored eighteen thousand dollars a year
uh... is tax for social security at a rate that was twice what it was before
reagan came in office a double the tax on working people
and kind of course
by a guy almost two-thirds the income tax on really rich people
see that still didn't solve social security's problem and so
he'd went to the so scary administration said come up with the way
to cut the costs to social security was so scary at that time you know so scary
well not just at that time even today
not only
e provides
eight baa for for people in retirement people over sixty five
a it's poverty insurance basically
but that's that's two-thirds or social security does the third of what social
security does is it provides for
uh... widows orphans and disabled people
aren't quite literally with his orphans to disable people when polled ryan's dad
died his mom was able to get
so scary although they were very rich they didn't need it
he likes to brag about the fact that they got it as if they lived up at
in any case
so they they they were like okays you know we double the tax on working people
but that wasn't quite enough to fix social security so what we do so reagan
directed to the sole scary administration people to look at ways
they could cut social security disability
and they said well you know nobody seems to care about mental health while we cut
that
as they can for the whole new definition mental health and they took the money
for mental health and turn it into block grants for the states
and the result of that was that all across the country
mental health facilities that were housing people who were not able to
function on their own
close their doors and those people showed up on our streets
and many of them today go but you know we we know them as homeless people
there's a second population of homeless people that we've had since reaganomics
and that's
what used to be middle-class people who just can't get a job have lost their
homes
but back in the eighties we still had an f_d_r_ economy
in economy was still pretty solid
we were living in in the era of the new deal which was in nineteen thirty three
to nineteen eighty one
in the air of the new deal
we're pretty much didn't have homelessness
but you know if it's a reagan brought us that
so from devastating our economy gutting social well served her programs sending
millions of people houses of americans onto the streets
to devastating are our image all around the world i mean you know we we attack
baker rival after a year would be great ended after congress passed a law saying
that he couldn't
he was selling weapons to iran after you know
seemed like we thought karan was not our friend
the damage this custom to our country is incredible
botton fontana california you don't understand
crappy program a couple days part of this new york palatable sutter drop-off
losing out
and right parker outright
i hear you aren't complaining about right and i do know that pop i am
danielle i_q_ erie safe press pat pat his arm
it was hope out awhile oppa
president hot you know after m haven't done anything including the express
well my feelings tried to roll back reaganomics slightly ahead but do you
know the
or reagan did was basically he handed the keys to the government to the
kingdom
over to the to the fat cats the bank stirs the transnational corporations and
so you know clinton ran if you go back and read his new covenant speech from
nineteen ninety-two he ran on a platform of restoring f_d_r_'s new deal
and there have been numerous stories about this uh... including a major media
like new york times
uh... about a week before he took office alan greenspan and uh... jamie rubin set
him down and said well young man you think you're going to do that but that's
how the world works anymore uh... the deep political parties are now control
by big money and you're going to dance to the tune of big money
and so he raised taxes three points you know it at the top tax rate
up by by three percentage points
and but that that was in close any reagan a drafter from seventy four
percent out of twenty eight percent
clinton took it from thirty six up to thirty nine percent uh... it was nothing
so
that i would um... i would say that
clinton didn't do it dot it because
uh... frankly i don't think that he had the the power or the courage to do it
and all by hasn't done it i think in part because he does have the power of
the crew should do it and larger part because everything obama has tried to do
has been opposed by aid relatively small the very powerful kab olive republicans
whom at the night that
poblano was inaugurated at the caucus room restaurant here in washington d_c_
is well-documented
afterwards one of them said we are going to follow the taliban we're gonna do an
insurgency written make sure that the obon the presidency
is a complete and other failure we will not allow him to have any successes
and other than eleven week window before scott brown got sworn in an eleven week
window in the history the united states senate
where uh...
where bahbah mad uh... veto or a uh... a filibuster proof majority other than
that
the republicans have filibustered everything he striving musical as a
customer three inner peace is good leget side of the house
including one that would have stopped
the practice about sorcerer jobs was stopped tax breaks
for companies like him around his company that was the shutdown that
factory since i you know i'll for illinois where ever was
and shifted click click click over to china
at tax break for doing that they got paid by air cover for doing that
and and clear policy reversed back and said in fact we're going to give a tax
break for those companies that have moved overseas to bring the factories
back to the united states and what happened with the senate and republicans
filibustering who's the best thing for america is best thing for working people
himself major reversal of reaganomics
republicans block
you're listening to the com apartment
college six sixteen nine eight seventy eight-year-old so i stand behind when i
said i stand on this ground in fifteen we want america to come through
once again the function country
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