Social Security

“Then the next big thing is going to happen around 2030 to 20 32. And that's really where social security doesn't have any money to pay anymore. And I think during that era is also when a lot of the states are going to become bankrupt. We're not going to be abl…”

“Like, every American, instead of having a social security account, they should have the equivalent of a four or one K where they own stocks, and when they retire, they get all those stocks.”

“We have five years till Social Security is bankrupt. That's not my assessment. That's the CBO score. Like, that's what the CBO says is gonna happen. Congressional Budget Office. When you look at how much is going to get paid out and what the pay in rate is, so…”

“Social security about to get a 25% cut in literally five years.”

“It's the largest change to our social contract since 1935 and social security.”

“The wealthiest generation in the history of the planet gets 1.3 trillion dollars a year in the form of Social Security.”

“It runs 95% of ATMs in the US, and it powers Social Security payments.”

“Forty billion dollar child tax credit that would benefit young families stripped out of the infrastructure bill, but the hundred and twenty billion dollar cost of living adjustment for Social Security flies right through.”

“We have eight, I think we have eight or nine years here, but there will be a, I think a fiscal car crash, so to say, where social security, Medicare the debt, you know, the interest, what interest hit over a trillion this year.”

“I know Antonio Gracios has done amazing work helping figure out how to get, you know, make sure we're only paying social security. I think he saved over ten billion a year so far from that.”

“But it's not going to be around unless you raise the age to 70. That's the only way it sticks around.”

“The age doesn't fix Social Security anymore. You gotta means test it.”

“Every year, young people transfer 1.3 trillion dollars in the form of Social Security payments to the wealthiest generation in the history of the planet, seniors.”

“We have until 2032 when social security will be functionally bankrupt and everyone's going to get overtaxed and kids are going to end up having to pay through inflation for the benefits of the retirees of the last generation.”

“You know, we were, as an example, at Social Security, we were criticized for the web setup time. Well, turns out web setup time has been better since we got there than after, imagine we have engineers. And we've now published the metrics on the website publicl…”

“The Australian superannuation, they've got 30 managers, and they have as much in their on their balance sheet today in their fund than Social Security does, about three trillion dollars, and they have seven percent of our population.”

“The only places that matter if you're going to get to two trillion is defense, social security, and Medicaid, and Medicare. That's the only places that matter. Like, the discretionary part of the budget is so small that it just doesn't matter. You could zero i…”

“Social Security's functionally going to be bankrupt in eight years.”

“No, I think Doge is going to reduce the size of certain things, but unless you were to do Social Security and do the military, those two things, I think, are the bulk of our budget, and so you really have to take those away in a significant way, and that's jus…”

“But behind closed doors, everyone says, 2030, 2032 is when it's gonna break, and so that's when everyone's kind of lining up, or thinking about, so no one even wants to deal with it.”

“We've said we're not going to touch Social Security. Medicare and Medicaid. That was the president who said that.”

“No matter what Elon Musk or anybody else says you simply cannot cut Medicare, Medicaid, Social Security defense spending or thing.”

“And the wealthiest generation in the history of the planet gets 1.3 trillion dollars a year in the form of Social Security.”

“I have a charming life with everything I could imagine a human being could want. And I get a check from the government every month for 3600 dollars. Something's wrong with that system.”

“On the entitlement side, I think I'm the only person who's been talking about this and saying out loud, we've got to consider raising retirement age and we've got to consider means testing and eligibility for social security.”

“A poll was done. And on that poll, 82% of voters oppose the push to cut Social Security for Americans under 50.”

“You cannot touch social security as a single party effort. It has to be bipartisan.”

“I think that if you start to go and talk about austerity and cutting social security and healthcare benefits, it's literally a non-starter. People close their eyes, they plug their ears and you get nowhere.”

“Right now it's projected social security will go bankrupt in 2035, 20 34, around that range.”

“I would say it's a red line for me to touch Social Security or Medicaid or Medicare.”

“Basically every major piece of social legislation, Medicare, Medicaid, Social Security, minimum wage laws, they were passed without the CBO.”

“Most big social programs in America, like Social Security, Medicare and Medicaid, as is true in other countries, typically start off smaller than they probably should in terms of overall need. That's why I call this starter house, and then you build from it, b…”

“It's actually 76% higher. Every day, for the rest of your life, inflation-protected, Benefits, Social Security, if you wait.”