00:00Americans money has been going in the front door of the federal government and then going
00:05right out the back door.
00:06Your dollar doesn't grow and it doesn't come back to you or your children.
00:12It's a big gigantic blown up Ponzi scheme.
00:17I'm on the floor to talk about a big scam in our country.
00:21It's happening in broad daylight before our very eyes.
00:27Politicians here in Washington know what's going on, but they refuse to speak about it.
00:32They're too worried about getting reelected in most cases.
00:36And they think telling the truth about the scam will hurt their chances in staying in
00:40power.
00:41Well, here's the sad truth.
00:43For decades now, the American people have paid into Social Security each month without having
00:49any idea if they will ever see a cent of the money that they put in.
00:54Again, since being signed into law in 1935 by Franklin Delano Roosevelt, our great president,
01:04Americans money has been going in the front door of the federal government and then going
01:08right out the back door.
01:10Your dollar doesn't grow and it doesn't come back to you or your children.
01:16It's a big gigantic blown up Ponzi scheme.
01:21And the last time I looked, people who do Ponzi schemes usually go to jail.
01:27Every American is forced to participate in it.
01:30You got no choice.
01:32You don't have a say of the matter.
01:34Whether you're 17 or 67, more than 6% of your paycheck is taken out by the federal government
01:41to pay for Social Security, your so-called retirement.
01:47That might not seem like a lot, but to me, an American struggling to live paycheck to paycheck,
01:52that 6% is a huge sacrifice.
01:56Americans have been paying into this program for years, only, only to see a fraction of
02:03what they have been promised.
02:04It really makes you wonder how this government approved Ponzi scheme is legal.
02:11The truth is that this retirement savings, this savings program is 100% broke.
02:18It's absolutely broke.
02:21Just like our federal government of $40 trillion in debt.
02:26The Social Security Fund is projected to run out of its reserve money in 2032, just a few
02:33years from now.
02:34When these funds are depleted, senior citizens could see a cut in their monthly check up to
02:4222 to 25% of their benefits.
02:45On average, that's $500 a month.
02:48If the federal government were to try and save the program, it would most likely mean that
02:55your taxes would skyrocket.
02:5938% of mandatory spending within the federal budget annually goes toward failing Social Security
03:06program.
03:08Yes, the money you send up here, 38% a year goes to Social Security, not the money that
03:15you already sent, because guess what?
03:17It's been sent, it's been spent, and scammed out of our system.
03:24It's not there.
03:26In other words, almost 1.6 trillion every year of your taxpayer dollars is being spent on
03:31a program that is currently scheduled to go bankrupt in six years.
03:37So basically, the money you send up here has been spent and now is nowhere to be found.
03:45The Social Security program is the single largest program we're wasting our tax dollars on.
03:53Biggest.
03:54It's a mind-boggling program to say the least, but don't worry, it gets worse.
04:00After decades of having Social Security taken out, millions of Americans had to pay taxes
04:07when they go to collect their Social Security.
04:09Yep.
04:09You're exactly right.
04:11After you pay taxes and you put it in there for savings for many years and you get it
04:15back, guess what?
04:16You got to pay taxes on that.
04:19Because our former president and former senator, Mr. Joe Biden, when he was a senator in 1983,
04:25he got the great idea of, let's tax Social Security.
04:30Heh.
04:32What a scam.
04:33Depending on which tax bracket you're in, between 50% to 85% of your benefits can be taxed
04:41by the federal government.
04:42Last year, I introduced the Senior Citizens Tax Elimination Act to stop the unjust double
04:49tax on Social Security benefits.
04:52Thankfully, the one big beautiful bill included senior deductions.
04:57That significantly reduced federal taxes for the majority of retirees, thank goodness.
05:03In a day and age where the cost of living is skyrocketing and our seniors should not experience
05:09a second tax on their Social Security when they're already paid tax on that money.
05:15If we must keep this outdated program, the least we can do is to ensure that senior citizens
05:22Americans don't get slapped with a double tax.
05:26Despite what millions of Americans have been tricked into believing, it turns out that paying
05:32into Social Security does not entitle you to a fixed pot of money.
05:39Everybody thinks, we're going to pay in, I'm going to get a lot of money at the end.
05:42Again, that sad reality is that many Americans won't see a cent of the money that they paid
05:49into Social Security.
05:51Basically, Social Security is just, folks, another tax.
05:55A tax on both employees and employers since most companies have to match the 6% that their
06:02employees are forced to pay out of their paychecks.
06:05Yeah, they double the tax.
06:09This is socialism.
06:11It's highway robbery.
06:13And for the last 60 years, we've known this program was going under, but no one up here
06:19has been willing to fix it.
06:21In fact, Social Security is known as the third rail of politics that no one up here is allowed
06:27to talk about.
06:28Don't talk about Social Security because we don't have a solution and we might lose our jobs.
06:34In fact, Social Security is known as that third rail because nobody will touch it.
06:41It's taboo to talk about Social Security.
06:44But my question is why?
06:46Why is that?
06:47We work for the people.
06:48We work for the taxpayers.
06:50We've known this program was going bankrupt for years.
06:54It's been a disaster since day one.
06:57When millions of Americans are going to reach retirement age soon, we better look out.
07:02Right.
07:02They're expecting to get their money.
07:05They're expecting to get the money that they paid into Social Security for years.
07:09They're going to get screwed over with nothing left and this is going to be a serious problem.
07:16Social Security scam doesn't stop there.
07:19As you know, Joe Biden welcomed tens of millions of illegals into this country with open arms.
07:25They said that our borders are closed.
07:27Yep.
07:28After they let 20 million people in that shouldn't be here.
07:31These aren't nice people either, most of them.
07:34Many of them are rapists, murderers, drug lords and gang members.
07:37Well, it turns out the Biden administration and Orlando Mayorkas, our great Homeland Security
07:44director, they weren't just letting these legals into our country without vetting them.
07:49They were handing them Social Security and Medicaid benefits as they were coming into
07:54the door.
07:55Welcome to the United States of America.
07:57We're broke, but we're going to give you money.
08:00We're going to give you a Social Security number.
08:02It's no wonder we're broke.
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