The Charlie Kirk Show - September 19, 2023


Debt Doomsday is Coming + The Truth on Social Security


Episode Stats


Length

33 minutes

Words per minute

164.45657

Word count

5,523

Sentence count

488

Harmful content

Toxicity

4

sentences flagged

Hate speech

5

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, we talk about the growing federal debt and the need for Social Security, Medicare and Medicaid, and how we need to balance the budget. We also talk about how much money we have in the form of debt and deficits.

Transcript

Transcripts from "The Charlie Kirk Show" are sourced from the Knowledge Fight Interactive Search Tool. Explore them interactively here.
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey everybody, Tennett Charlie Kirk Show.
00:00:02.000 This is a very fun episode.
00:00:04.000 We tell the truth about the federal debt and deficit, and we talk about how Social Security is something that is really tough to talk about.
00:00:14.000 I think you'll enjoy this.
00:00:15.000 Text it to your friends, listen to the whole episode before you email me because there's some very important data in it.
00:00:20.000 Email us freedom at charliekirk.com and subscribe to our podcast.
00:00:24.000 Open up your podcast application and type in Charlie Kirk Show.
00:00:28.000 Get involved with TurningPointUSA TPUSA.com.
00:00:32.000 Buckle up, everybody.
00:00:33.000 Here we go.
00:00:34.000 Charlie, what you've done is incredible here.
00:00:36.000 Maybe Charlie Kirk is on the college campus.
00:00:38.000 I want you to know we are lucky to have Charlie Kirk.
00:00:41.000 Charlie Kirk's running the White House, folks.
00:00:44.000 I want to thank Charlie.
00:00:45.000 He's an incredible guy.
00:00:46.000 His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created.
00:00:54.000 Turning point USA. 0.65
00:00:55.000 We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:04.000 That's why we are here.
00:01:07.000 Brought to you by the Loan Experts I Trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandTodd.com.
00:01:16.000 What is the greatest failure of the last 11 years?
00:01:21.000 Boy, it's been hard to pinpoint the border is definitely up there.
00:01:25.000 How both parties have allowed the border to remain completely and totally wide open.
00:01:28.000 And tens of millions of foreigners have come into our country.
00:01:30.000 How many people have come into our country illegally in the last decade?
00:01:33.000 It's got to be at least 15 million.
00:01:36.000 When I first started Turning Point USA, we were warning that we are going to become a debtor nation.
00:01:42.000 We were warning that we were borrowing money we did not have.
00:01:45.000 I remember one of the first speeches I gave as Turning Point USA started, we were $12.7 trillion in debt.
00:01:52.000 I said, this is unsustainable.
00:01:54.000 We are heading towards a fiscal and financial apocalypse.
00:01:58.000 And people said, oh, yeah, you know, that's good thinking.
00:02:03.000 Well, now, 11 years later, as Turning Point USA has grown and strengthened into the most powerful organization, one of the most, if not the most powerful organization in the country, definitely with young people, but potentially overall, the national debt is over $33 trillion.
00:02:23.000 So we went from $12.7 trillion to $33 trillion, a near three times a tripling of the national debt in a decade.
00:02:34.000 So where did this all start?
00:02:35.000 Well, it's important to remember: the founding fathers wanted sound money.
00:02:39.000 They wanted something backing our currency.
00:02:41.000 Woodrow Wilson started the end of that with the Federal Reserve Act.
00:02:45.000 We got rid of a metallic-based currency, and it was multiple decades of work.
00:02:48.000 It involved FDR confiscating the gold in the 1930s and 1940s.
00:02:53.000 It all culminated with Richard Nixon officially getting us off the gold standard, putting us on a fiat currency.
00:03:00.000 Big government needs cheap money.
00:03:02.000 If you were to summarize many of our comments here today, big government needs cheap money.
00:03:07.000 It needs the ability to turn on the printing press, allow it to go.
00:03:10.000 Because if you target the money, and to the libertarians' credit, I disagree with them on basically everything else.
00:03:17.000 This is something that I agree 100% on.
00:03:19.000 If you are able to have the money be sound, it's a lot harder to finance the foreign wars, a lot harder to pay for the warfare state and the welfare state.
00:03:30.000 We have a warfare state and a welfare state that work in harmony right now, that finance Zelensky's regime, that financed the war of Iraq and Afghanistan, that finance all these domestic programs that bleed the American taxpayers dry. 0.74
00:03:48.000 Cheap money allows big government to grow bigger and bigger and bigger.
00:03:55.000 Now, we tried to warn people, and we were just a bunch of high school and early college kids in 2012 and 2013, that we have to stop the spending, balance the budget.
00:04:06.000 But that means you would have to live within your means.
00:04:09.000 You would have to buckle your belt.
00:04:11.000 And quite honestly, many people do not want to see any cuts at all to government programs.
00:04:20.000 Now, if I were to say this, and I'm not even, I don't believe it.
00:04:23.000 I believe every person is obligated to receive Medicare and Social Security.
00:04:27.000 But if I were even to say that we need a slight cut in Medicare or Social Security, something I don't believe, I would receive 5,000 emails of very angry listeners.
00:04:35.000 And I get it.
00:04:36.000 You earned it.
00:04:37.000 You believe that you paid into it and you did earn it.
00:04:41.000 And the government has recklessly spent money it doesn't have.
00:04:45.000 And I mean, that's untouchable.
00:04:47.000 You cannot touch it.
00:04:48.000 If I were to say that we need to close some of our military bases, I would get tons of emails, thousands of emails.
00:04:53.000 Charlie, how dare you say that?
00:04:55.000 But if I were to say, we don't want to close some of these domestic welfare programs, a different portion of the population would send me a bunch of emails.
00:05:01.000 So we have grown addicted to the party, the carnival of getting drunk with cheap money.
00:05:13.000 In 2012, a $12.7 trillion debt felt manageable compared to where we are now.
00:05:20.000 We thought we were drowning in debt, that our generation was not going to be able to survive.
00:05:24.000 Well, now we're at $33 trillion.
00:05:29.000 Admiral Mike Mullen famously said in 2010 that the national debt was the greatest threat to American national security.
00:05:39.000 And basically, very few people in either party cared.
00:05:42.000 This has been a bipartisan spectacle.
00:05:47.000 According to Admiral Mike Mullen, the inability to control the national debt is greater than the threat of China, Russia, or Iran.
00:05:58.000 When Mullen delivered that warning, the U.S. national debt was only $13.5 trillion.
00:06:05.000 And now it's $33 trillion.
00:06:09.000 Part of the social contract embedded in the Constitution is to pass down a better country to the next generation.
00:06:20.000 That is not happening.
00:06:22.000 Instead, it's passing down a damaged country, a country where the next generation has to go further into debt.
00:06:31.000 The schools are not better.
00:06:32.000 The culture is not better.
00:06:33.000 And the fiscal health is far sicker than it was 10 years ago.
00:06:39.000 And look, I'm not trying to overly depress you with things, but this should be the appropriate backdrop.
00:06:44.000 This is the context as we enter this contentious continuing resolution fight.
00:06:49.000 We have so many problems: schools that are worse than worthless, rampant crime.
00:06:54.000 We're funding this war in Ukraine.
00:06:56.000 Obviously, our border is wide open.
00:06:59.000 But the debt should be one that transcends all political lines.
00:07:04.000 But there's a cohort of Republicans and Democrats that believe the lie of Keynesian economics.
00:07:11.000 An economist by the name of John Maynard Keynes, if you do not know that name, you should educate yourself on it.
00:07:16.000 He believed that deficits don't matter.
00:07:18.000 He said, quote, we are all dead in the long run.
00:07:21.000 He believed in the national debt actually being in some ways an asset to a country.
00:07:28.000 John Maynard Keynes, contrasted with the Austrian economists and Milton Friedman, believed that the state can fix all economic problems, that you have boom and bust cycles, and you just need to turn on the quantitative easing.
00:07:45.000 And we have become a quantitative, easing, dependent society.
00:07:50.000 Now, part of this all started at 9-11.
00:07:52.000 Talked about how our country reacted so poorly post-9-11.
00:07:57.000 After 9-11, remember the green span put, turned on the guzzle, can't have the stock market collapse, can't have the stock market collapse.
00:08:06.000 Then, after the 2008 financial crisis, when we saw Lehman go under, we saw so many of these other banks in a fragile state, we turned on the guzzle and we made a decision post-2008.
00:08:19.000 Hank Paulson and Timothy Geithner, who was running the Treasury Department in 2007 and 2008, well, 2008, 2009, under Barack Hussein Obama, they made a decision.
00:08:29.000 The Goldman Sachs gang of Geithner and Paulson, they said, we are going to love cheap money.
00:08:36.000 They said, look, we need to spend money we don't have because if we borrow against ourselves, then only we have to pay for it.
00:08:46.000 And that's what most people don't understand about our national debt.
00:08:48.000 If you were to go on the street and you say, hey, who do we owe this money to?
00:08:52.000 Yeah, we owe a fair amount to China, about a trillion dollars.
00:08:55.000 We owe a little bit to Japan.
00:08:56.000 We owe the most to ourselves.
00:08:59.000 We're borrowing against ourselves.
00:09:00.000 We're mortgaging our own future.
00:09:03.000 What this does, though, it's an IOU that if interest rates were ever to go up, which they are, just the interest payments on the debt alone to service the debt, the price of previous borrowing could cripple the federal budget.
00:09:19.000 And this is not a Democrat blame session.
00:09:23.000 Republicans have been just as much, if not more guilty of fiscal irresponsibility over the last decade, of allowing budgets to grow.
00:09:34.000 And then COVID was the big one.
00:09:35.000 And we're going to walk through that.
00:09:37.000 We locked down the country.
00:09:39.000 You could actually go back and find those tweets, Andrew Orion.
00:09:42.000 We were one of the few people in public life that said zero stimulus, zero spending, open up the economy.
00:09:49.000 I think the Senate voted 97 to nothing for all of this deficit spending, 97 to nothing, because DC saw it as a once-in-a-generation opportunity to grow the leviathan, to strengthen the machine, and to make the beast untouchable.
00:10:05.000 From $11 trillion to $33 trillion in just a decade.
00:10:09.000 We'll talk about it as this continuing resolution fight looms and we have become a debtor nation.
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00:10:54.000 For current beneficiaries, none of your obligations should be touched.
00:11:01.000 If you're receiving Social Security, if you're receiving Medicare, if you look at the composition of the federal proposed budget, a lot of it, though, and I don't like this word entitlement.
00:11:13.000 I don't like that.
00:11:14.000 I'll be honest.
00:11:15.000 If you pay into Social Security, that's not an entitlement.
00:11:19.000 You earned that.
00:11:20.000 Now, I do think you should be able to opt out of Social Security payments.
00:11:23.000 I really do.
00:11:24.000 You should be able to say, nope, I don't want it in the future.
00:11:26.000 I don't want it now.
00:11:27.000 I can invest it far more dutifully than with the federal government.
00:11:33.000 And just so you know, the federal governments not putting your Social Security payments in some sort of a lockbox.
00:11:43.000 They take your social security payments via FICA for 20, 25, 30, 35-year-olds.
00:11:50.000 And then they just bring it through and they say, okay, well, we'll pay you later.
00:11:54.000 We'll pay you later.
00:11:55.000 We'll pay you later.
00:11:56.000 And so the proportion of retirees to people paying used to be something like 20 to 1, 30 to 1.
00:12:06.000 Now it's like two and a half to one.
00:12:09.000 So in the future, and I'm talking about my generation.
00:12:13.000 29 years old.
00:12:14.000 I'm willing to say, you know what?
00:12:16.000 I'm willing to strike a deal so that people in their 20s are going to get next to nothing for future Social Security if it means we can balance the budget.
00:12:24.000 Now, I totally understand.
00:12:26.000 If I were to say that about people in their 50s right now, there would be a revolt at our studio of all the issues that if I were to even touch, even allude to saying that a 1% adjustment of Social Security or Medicare, it would be a riot.
00:12:42.000 I get it because a lot of people depend on it and a lot of people, you know, live on it and they expect it.
00:12:49.000 And look, you have to understand, you work many decades to pay into it and you're made a promise and the government says, oh, you know, not so fast.
00:12:58.000 I will say there's a lot of lying around the Social Security or Medicare issue, a lot of lying, where it is used as a political football.
00:13:07.000 Now, I will say that for future retirees, people under the age of 45, we should absolutely raise the retirement age. 0.77
00:13:14.000 I'm going to say something very provocative.
00:13:16.000 I'm not a fan of retirement.
00:13:18.000 I don't think retirement is biblical.
00:13:20.000 I think that if you retire, you should always be doing something.
00:13:23.000 It's not to say that you have to, you can't slow down, but you should be helping people, part-time work.
00:13:28.000 You should be helping with the grandkids, volunteering.
00:13:32.000 I do not like the overemphasis on a retirement-based society.
00:13:36.000 I don't.
00:13:37.000 I think there is so much talent that is not being used.
00:13:42.000 In fact, I talk to senior citizens.
00:13:44.000 They say, Charlie, after I officially retired, I went back and I was a part-time substitute teacher, counselor at the local church.
00:13:52.000 And so I challenge this idea of retirement altogether.
00:13:55.000 People are living longer.
00:13:57.000 Are they doing more with their 70s or 80s?
00:14:00.000 Some yes, some not so much.
00:14:03.000 But you say, Charlie, I'm just going to retire and I'm just going to go golf.
00:14:08.000 I think what a waste of the gifts that God has given you.
00:14:10.000 What a waste of the wisdom that you have been given just to kind of just watch TV and to golf.
00:14:18.000 No, there are young people that need you as a mentor.
00:14:21.000 You know how many turning point USA chapters would be blessed by people in their 60s, 70s, and 80s to mentor them, to pour into them, to give them advice.
00:14:31.000 So we take money from people who need it the most, young families in their 20s and 30s, and give it to those who need it the least.
00:14:39.000 Now, we could easily just go back to pre-COVID spending, easily.
00:14:44.000 But Congress doesn't want to do that.
00:14:46.000 We have massively expanded the bureaucracies, massively.
00:14:50.000 And this is an all-of-the-above approach.
00:14:53.000 We expand the federal budget through defense.
00:15:00.000 We need to cut back on some of the basis.
00:15:02.000 This needs to be an all-of the above approach.
00:15:04.000 Department of Education, EPA, all these bureaucracies need to be just grinded down.
00:15:11.000 In fact, we need to abolish them.
00:15:13.000 It's not going to happen realistically.
00:15:14.000 But it's not an easy thing.
00:15:15.000 It's easier said than done.
00:15:17.000 Composition of the proposed fiscal year 2024 budget, $6.9 trillion.
00:15:22.000 Email me, freedom at charliekirk.com, anytime throughout the hour.
00:15:26.000 Where would you cut?
00:15:27.000 I know where I would cut.
00:15:28.000 You'd make a lot of people uncomfortable.
00:15:31.000 But just the interest payments alone are $789 billion.
00:15:37.000 Just the interest alone to service our debt.
00:15:40.000 So that is paying the price for previous generation spending, soon to be $1 trillion.
00:15:46.000 If you have a grandkid out there, they're going to be spending the rest of their life as a debt slave to pay for the stuff that we paid for five years ago.
00:15:57.000 It makes the country less free and it allows totalitarianism and tyranny to dominate.
00:16:05.000 Hey, everybody, Charlie Kirk here.
00:16:07.000 Do you get the feeling that the unthinkable is going to happen soon?
00:16:09.000 Well, I do.
00:16:10.000 Between the distractions and the smokescreens and the media, we probably might not even see it coming.
00:16:14.000 You are nine meals away from anarchy.
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00:17:09.000 And look, I want to make sure my position is very clear.
00:17:13.000 If you're a current recipient of any of these programs, you paid into them.
00:17:17.000 But understand that the money's not there.
00:17:20.000 And at some point for future retirees, future beneficiaries, you have to have a tough conversation.
00:17:26.000 Look, if you're 78 and you're getting Social Security and Medicare right now, you paid into it.
00:17:32.000 But here is the reality.
00:17:35.000 Okay?
00:17:36.000 If you want a balanced budget, you have to sacrifice and you have to make tough choices.
00:17:41.000 That's what your leaders gave you.
00:17:45.000 Don't shoot the messenger.
00:17:47.000 I'm just showing you the numbers.
00:17:49.000 Okay, we're receiving a ton of emails.
00:17:51.000 Let me just say this.
00:17:53.000 You have been gamed and lied to by the government.
00:17:58.000 There's a $6.9 trillion federal budget.
00:18:01.000 Let me say that again.
00:18:02.000 $6.9 trillion federal budget.
00:18:07.000 So let me tell you what we can't change in this budget.
00:18:10.000 Unfortunately, you can't change the interest payments.
00:18:13.000 So that's $789 billion.
00:18:16.000 To give an idea, when I first started Turning Point USA, the whole federal budget was like $2.4, $2.5 trillion.
00:18:23.000 Now our interest payments alone are $789 billion.
00:18:28.000 We cannot touch that.
00:18:30.000 How large is that?
00:18:31.000 That's how big Obama's stimulus package was.
00:18:36.000 Obama's shovel-ready stimulus package was around $800 billion.
00:18:41.000 Okay?
00:18:42.000 So we can't touch that.
00:18:44.000 Then next is defense discretionary, $885 billion.
00:18:50.000 Now, almost none of the insiders in Washington, D.C. want to touch the defense budget.
00:18:55.000 If we were serious about how we contract things, serious about reining in the globalist American empire and stopping endless wars, we could probably prudently get that down to $600 billion, probably even less, $500 billion.
00:19:08.000 I'm just estimating.
00:19:10.000 So we're doing this.
00:19:11.000 That's $200 billion in savings.
00:19:13.000 Again, to get Congress to agree to this is nearly impossible.
00:19:16.000 So then next is non-defense discretionary.
00:19:19.000 I don't really even know what that means.
00:19:21.000 I think that this is the agencies.
00:19:23.000 Okay.
00:19:24.000 I think that this is the EPA, Education Department.
00:19:29.000 A very simple way is you say you go back to your pre-COVID number.
00:19:33.000 Okay?
00:19:34.000 That would save like $400 billion.
00:19:38.000 Now, You could eliminate entire departments, but you'd have to get Congress to agree to it very hard.
00:19:44.000 Then, next is Social Security, $1.4 trillion.
00:19:47.000 So, understand that's not going to get touched, but that money is not there.
00:19:53.000 So, that was a promise made 30 or 40 years ago with those of you who paid via FICA and your employer matched it.
00:20:01.000 And so, then you get an IOU.
00:20:03.000 Now, some of you say, But Charlie, why don't we just cut foreign aid?
00:20:06.000 Foreign aid is only about $35 to $40 billion of our budget.
00:20:10.000 It's a $6.9 trillion budget.
00:20:13.000 So, I'm all for cutting all the foreign aid, but that's only $40 billion of a $6.9 trillion budget.
00:20:21.000 Then, next is Medicare.
00:20:22.000 We're not going to cut any of that.
00:20:24.000 So, that's another $842 billion.
00:20:30.000 And then, next is Medicaid, which is health insurance for the poor.
00:20:33.000 There's a lot of corruption there, so you might be able to clean it up, maybe $100 billion.
00:20:38.000 And then you have other mandatory spending.
00:20:40.000 I don't know what this is, Blake. 0.98
00:20:42.000 This is just, I think, a lot of COVID garbage.
00:20:45.000 Of all the buckets, this is where I think we could probably make the most traction.
00:20:50.000 Like the COVID relief stuff, like business reimbursement stuff.
00:20:55.000 I don't really understand what this category is.
00:20:58.000 Other mandatory spending, the way that they label this is so deceiving, so deceiving.
00:21:05.000 And so, let's say it's $1.1 trillion.
00:21:08.000 It feels as if it's almost designed to be murky.
00:21:12.000 And let's say we could cut $500 billion of that, okay?
00:21:16.000 So, what is that?
00:21:17.000 Even that, with these kind of very, these would be considered severe cuts to the Uniparty and the regime.
00:21:23.000 That would get us $1.2 trillion in cuts, which means we would still run a trillion-dollar deficit.
00:21:31.000 That means if I take out my fiscal hawk sword and I start slaying and slaying and slaying, they might say, Well, Charlie, then what is your solution?
00:21:41.000 All those cuts are helpful, but we need to change the methodology of how we budget.
00:21:47.000 We need to get rid of baseline budgeting.
00:21:50.000 Do you know the way that Washington, D.C. works?
00:21:52.000 Is they never do zero-based budgeting in any functioning business, in any functioning family, they start at zero and you have to justify every expenditure from zero to five to ten to twenty-five, et cetera.
00:22:05.000 The federal budget starts at the previous number, it starts at 150, it starts at 250, it starts at whatever, and the increases are on autopilot built into the rate of inflation.
00:22:18.000 So, why is it that these budgets are so out of control?
00:22:21.000 It's because the inflation rate, 6%, 7%, is automatically exploding the federal budget without any sort of debate or discourse on the issue.
00:22:33.000 And these buckets of spending, I'm curious, what in the fresh heck is other mandatory spending for $1.3 trillion?
00:22:43.000 $1.3 trillion.
00:22:46.000 And I think everybody needs to give up a little bit of their sacred cow.
00:22:50.000 The federal budget, the debt and the deficit, is such an existential threat to our republic that we need to figure this out.
00:22:59.000 For future retirees, not current retirees, there needs to be other options or raise in the retirement age.
00:23:07.000 Needs to be.
00:23:09.000 As you know, in the Bible, all of Israel suffered because the leaders are wicked.
00:23:15.000 Sadly, that's America very soon from the federal debt and deficit.
00:23:19.000 But you know, we're receiving a lot of emails.
00:23:20.000 Well, Charlie, why don't we just cut the foreign aid to Kenya or these African nations? 0.94
00:23:25.000 I'm all for that.
00:23:26.000 It's just so nonsense.
00:23:27.000 Those are not the major drivers.
00:23:29.000 The major drivers are the following: the interest, you can't touch that.
00:23:33.000 The Social Security and Medicare, we shouldn't touch that for future current retirees.
00:23:38.000 And the third one, which is really important, is the automatic growth of the bureaucracies.
00:23:45.000 To give you an idea of how much money we are spending that we do not have, we could delete the entire military and our deficit only cuts in half.
00:23:58.000 Somebody says here, Charlie, you're sounding like a rhino when it comes to Social Security.
00:24:02.000 First of all, who are you to decide what everyone else should do in retirement?
00:24:05.000 I'm getting some of the nastiest emails just because I have even teased the idea of future retirees getting some sort of adjustments.
00:24:13.000 And that proves my point.
00:24:15.000 We're never going to solve this problem.
00:24:18.000 And that's just the way it is.
00:24:20.000 We will never solve the problem.
00:24:22.000 We will be a permanent debtor nation.
00:24:25.000 Everybody needs to say, not current retirees or current beneficiaries.
00:24:29.000 I mean, yeah, the nastiness of the emails.
00:24:32.000 I knew what I was getting into when I said this.
00:24:33.000 And I'm not even making that strong of arguments on it.
00:24:36.000 I'm not even saying we should touch Social Security or Medicare for any of these people.
00:24:40.000 It's just, I would lie to you if I would tell you that you could solve this problem.
00:24:45.000 Everybody wants a balanced budget, but no one wants cuts that affect them.
00:24:49.000 We have spent $20 trillion more debt than when I started Turning Point USA.
00:24:53.000 Is America better off?
00:24:55.000 Has it helped make America become greater?
00:24:57.000 Does it help the young five, six, and seven-year-olds of America enter a freer society?
00:25:02.000 Of course not.
00:25:03.000 And I'm not even recommending those cuts.
00:25:06.000 I'm simply just teasing this and boom, you get slammed.
00:25:12.000 And that just proves the point.
00:25:13.000 And I get it.
00:25:14.000 You should be angry.
00:25:15.000 The government did lie to you.
00:25:16.000 But don't be angry at the guy that tells you the government lied to you.
00:25:20.000 I totally get it.
00:25:21.000 I accept it in stride.
00:25:23.000 Matt Gates on Washington being given a blank check, Play Cut 46.
00:25:27.000 Mr. Speaker, I'm not voting for a continuing resolution.
00:25:31.000 I'm not voting to continue the failure and the waste and the corruption and the election interference.
00:25:37.000 And in some cases, the efforts that could lead this country into World War III.
00:25:42.000 I oppose the CR authored by my friend and colleague from Florida, Byron Donalds.
00:25:47.000 The Donald CR continues the Ukraine policy negotiated by Speaker Pelosi and Mitch McConnell in the omnibus that conservatives were against.
00:25:57.000 My friends, we are approaching the days where we're facing $2 trillion annual deficits atop a $33 trillion debt.
00:26:05.000 This is unsustainable.
00:26:06.000 And just to continue things with some facial 8% cut over 30 days that will lead to no programmatic reform is an insult to the principles we fought for in January.
00:26:16.000 I yield back.
00:26:18.000 And understand that the Social Security Trust Fund was rated.
00:26:22.000 This is an important point that some of you have been paying in and you have earned some retirement from that, obviously.
00:26:29.000 The money's not there.
00:26:31.000 The government stole it from you.
00:26:33.000 It's a Ponzi scheme.
00:26:36.000 Are you obligated?
00:26:37.000 Of course you are owed that.
00:26:38.000 And more importantly, you psychologically believed throughout your life that I will always be able to draw from Social Security.
00:26:46.000 And for that, I would be totally angry, but be angry at the DC insiders, not the guy who walks through math.
00:26:54.000 And there is no trust fund.
00:26:56.000 Social Security has always been money taken from young people given to old people.
00:27:01.000 Always.
00:27:02.000 Charlie, I listen to you on a regular basis, but your opinion about cutting Social Security and Medicare really pissed me off.
00:27:08.000 I didn't even say I wanted to cut it.
00:27:10.000 It's amazing how you even remotely touched the issue.
00:27:14.000 It is probably one of the most tribal issues I've ever seen.
00:27:18.000 And understand that if you want to cut Ukraine money, they get just as angry.
00:27:23.000 So what are we going to cut?
00:27:24.000 I'm open to any ideas.
00:27:26.000 I'm not even recommending cutting Social Security.
00:27:29.000 Where in the $6 trillion budget should we cut?
00:27:32.000 Because I isolated some cuts here.
00:27:36.000 It's $1.2 trillion.
00:27:38.000 So you cut the new FBI building.
00:27:40.000 That's only $20 billion.
00:27:42.000 You cut the trans stuff. 1.00
00:27:45.000 Even if you cut all the COVID spending, that's only $600 billion.
00:27:50.000 Email us freedom at charliekirk.com and subscribe to our podcast.
00:27:55.000 I love the spirited emails that we are receiving.
00:27:58.000 The government stole your money under false pretenses.
00:28:02.000 They've bankrupted the country.
00:28:04.000 They took the Social Security Trust Fund to pay for the interstate highway system and many other ways.
00:28:11.000 And it's a tragedy.
00:28:13.000 Those are robber barons, the insiders that run the fiscal decisions of America.
00:28:21.000 So someone says, Charlie, young people are not paying my Social Security.
00:28:24.000 I paid it throughout my career. 0.94
00:28:26.000 Stop being a liar. 0.95
00:28:27.000 No, you didn't. 0.96
00:28:28.000 You paid into something that no longer exists.
00:28:30.000 That's what I'm trying to tell you.
00:28:31.000 The money's not there.
00:28:32.000 So now the government took an IOU slip and they said, yeah, sure, we'll give it to you later.
00:28:38.000 But now it is dependent on young workers.
00:28:42.000 I know that is an uncomfortable truth, but it's a fact.
00:28:49.000 You paid for the Social Security of retirees when you were working, but it's a myth that the government has some sort of lockbox.
00:28:56.000 The government doesn't save any money.
00:28:58.000 It's a lie.
00:28:59.000 In 1960, there were 5.1 workers per beneficiary.
00:29:02.000 That ratio has dropped to 2.8 today.
00:29:05.000 The declining ratio of workers to beneficiaries creates financial difficulties for Social Security.
00:29:10.000 In 1935, when the Social Security pension system was implemented, significant differences in the expectancy existed.
00:29:16.000 Life expectancy at birth was 61 for white males and 65 for white females.
00:29:20.000 For blacks and other minorities, life expectancy at birth for males was 51.3 and 55.2 for females.
00:29:27.000 Another option, of course, is to grow the economy, obviously.
00:29:33.000 Cut taxes.
00:29:34.000 Well, to cut taxes means you're going to borrow more money.
00:29:37.000 Deregulate the economy, energy independence.
00:29:39.000 Trump, I think, had a pretty good balance here, but he should have cut more spending.
00:29:43.000 Someone says here, Charlie, why don't we cut foreign aid?
00:29:46.000 That will balance the budget.
00:29:47.000 It's only about 40 or 50 billion.
00:29:49.000 We're talking about a couple trillion.
00:29:52.000 But understand that it's the insiders that have benefited the most.
00:29:58.000 And with this, we should have complete and total agreement.
00:30:01.000 And just to make this perfectly clear, I have not even said that current retirees should have any sort of cuts whatsoever.
00:30:08.000 I, as a 29-year-old, am willing to say I will never get Social Security.
00:30:13.000 I think most people under 35 would take that deal.
00:30:16.000 I think most people would say, forget it.
00:30:19.000 I'm done.
00:30:21.000 I do not trust the government at all.
00:30:23.000 I think the government is going to rob, steal.
00:30:25.000 Remember, it's the same government that you guys are trusting that lied about the vaccine and lied about Ukraine and lie about the border and lie about masks.
00:30:33.000 So don't put your, there is no money there, everybody.
00:30:36.000 There's no money.
00:30:38.000 So that distrust of government is systemic and it should be systemic.
00:30:43.000 There is no money.
00:30:44.000 It's theft.
00:30:45.000 It's generational theft.
00:30:47.000 But understand as we have cheap money and debts and deficits and we are going further and further into this direction.
00:30:53.000 It is the rich that benefit the most.
00:30:55.000 You've been lied to is the message I'm trying to tell you.
00:31:00.000 If you are a carpenter, a welder, if you're in the muscular class and you sweat for a living and you shower before work and after work, the insiders have been taking your FICA.
00:31:12.000 They've been taking your Social Security payments and they've been spending it on other stuff.
00:31:18.000 There's no lockbox.
00:31:19.000 There's no designate money.
00:31:21.000 And some of you are emailing me.
00:31:22.000 You say, Charlie, you're wrong.
00:31:24.000 I've been told by my accountant the money is being saved.
00:31:26.000 No, it's not.
00:31:27.000 In fact, actually, if there was no Social Security and you put it in a moderately managed money market account, you would actually have a far bigger retirement parachute than what the government does.
00:31:40.000 What Social Security basically is, understandably, is state-centrally managed retirement accounts is what it is.
00:31:49.000 Now, again, all that's in theory and it scares people.
00:31:52.000 There are no accounts at all.
00:31:53.000 That's actually, it's state-managed future retirement promises.
00:31:57.000 It's just a promise.
00:31:58.000 And by the way, I'm getting a lot of emails of people that say, Charlie, how dare you?
00:32:02.000 I'm retired.
00:32:03.000 Look, I'm saying this.
00:32:04.000 If you're an able-bodied person, you still have your faculties enough to email me angrily, then go do something.
00:32:12.000 Young people need you.
00:32:13.000 You realize it's the most suicidal, alcohol-addicted, drug-added generation in history.
00:32:16.000 They need people in their 70s and 80s to counsel them, mentor them, pour into them, pray for them, volunteer at a church, volunteer at a synagogue, substitute teach, help out a local charity.
00:32:28.000 We are in a massive debt crisis.
00:32:32.000 And I would say, by the way, I'm not going to back down by this.
00:32:35.000 I'm going to be very clear about my position.
00:32:37.000 But don't shoot the 29-year-old messenger that's telling you the country is about to collapse because we're spending money we do not have and the currency is about to fall apart.
00:32:47.000 Remember, debts and deficits deteriorate the currency because the only way you then can get out of a $2 trillion debt, you can cut spending, we're not going to do that.
00:32:54.000 Raise taxes, we're not going to do that, or you can inflate your way out, which is what we are doing right now.
00:33:00.000 And if you inflate your way out of it, then there's no purchasing power whatsoever.
00:33:05.000 I care about America so much.
00:33:07.000 I care about you.
00:33:08.000 To tell you the truth, your leaders have lied to you.
00:33:11.000 They have stolen your money and called it Social Security, made a promise they can't fulfill, and now we are in a debt crisis because of it.
00:33:21.000 Thanks so much for listening, everybody.
00:33:22.000 Email us as always freedom at charliekirk.com.
00:33:25.000 Thank you so much for listening and God bless.
00:33:31.000 For more on many of these stories and news you can trust, go to CharlieKirk.com.