1 00:00:00,040 --> 00:00:00,640 Speaker 1: They were doing. 2 00:00:01,360 --> 00:00:04,360 Speaker 2: Mom My very first acts was to order all government 3 00:00:04,400 --> 00:00:08,319 Speaker 2: employees to return to the office or be removed from 4 00:00:08,480 --> 00:00:12,040 Speaker 2: the job, which means our social security offices are now 5 00:00:12,119 --> 00:00:15,680 Speaker 2: open for full business hours, five days a week, so 6 00:00:16,079 --> 00:00:19,919 Speaker 2: unlike being shut down all the time, we're open at 7 00:00:20,280 --> 00:00:22,960 Speaker 2: record levels. Also, we're making it really great for the 8 00:00:23,000 --> 00:00:26,720 Speaker 2: people that want and demand social security and they paid it. 9 00:00:26,800 --> 00:00:29,080 Speaker 3: Tony Katz, Tony Katz today, good to be with you. 10 00:00:29,120 --> 00:00:32,199 Speaker 3: The President in the Oval Office talking about Social Security. 11 00:00:32,240 --> 00:00:35,920 Speaker 3: How they he's talking about how reducing wait times, call times, 12 00:00:36,120 --> 00:00:40,400 Speaker 3: things like this, saying that again Republicans will guarantee souchial security. 13 00:00:40,440 --> 00:00:43,280 Speaker 3: They're not doing anything to destroy it. That's what he 14 00:00:43,520 --> 00:00:47,760 Speaker 3: opened up with immediately. First thing, let me bring you 15 00:00:47,840 --> 00:00:50,160 Speaker 3: now back to the president as he has this conversation. 16 00:00:50,280 --> 00:00:54,280 Speaker 2: We've already kicked nearly two hundred and seventy five thousand 17 00:00:54,360 --> 00:00:57,880 Speaker 2: illegal aliens off of the Social Security system. 18 00:00:57,960 --> 00:00:59,840 Speaker 1: These are people, many of them. 19 00:00:59,720 --> 00:01:03,360 Speaker 2: Have already left the country, and yet we were sending 20 00:01:03,400 --> 00:01:06,600 Speaker 2: them checks all the time, and two hundred and seventy 21 00:01:06,600 --> 00:01:07,640 Speaker 2: five thousand. 22 00:01:07,360 --> 00:01:09,479 Speaker 1: And that number is now even larger than that. Frank, 23 00:01:09,560 --> 00:01:10,600 Speaker 1: it's unbelievable. 24 00:01:10,680 --> 00:01:15,200 Speaker 2: Job and what that's doing is making the system strong. 25 00:01:15,800 --> 00:01:19,360 Speaker 1: It's making it strong. Biden never kicked anybody off. 26 00:01:19,400 --> 00:01:24,720 Speaker 2: Everybody joined, and we're carrying out historic deportations to remove 27 00:01:24,760 --> 00:01:27,920 Speaker 2: many more illegals committing social security fraud. It's the social 28 00:01:27,920 --> 00:01:31,440 Speaker 2: security fraud that was taking place at levels that nobody's 29 00:01:31,440 --> 00:01:36,080 Speaker 2: ever seen. We cleared twelve point four million names listed 30 00:01:36,120 --> 00:01:39,760 Speaker 2: in the Social Security database over one hundred and twenty 31 00:01:39,840 --> 00:01:40,480 Speaker 2: years of age. 32 00:01:40,600 --> 00:01:41,000 Speaker 1: Think of that. 33 00:01:42,240 --> 00:01:45,920 Speaker 2: So we had twelve point four million names where they 34 00:01:45,959 --> 00:01:47,680 Speaker 2: were over one hundred and twenty years old. 35 00:01:47,960 --> 00:01:51,560 Speaker 1: Is that right? That's a hell of a statement. I 36 00:01:51,560 --> 00:01:55,000 Speaker 1: have a feeling then that's not really gonna That was. 37 00:01:55,000 --> 00:01:58,400 Speaker 3: The kind of stuff that so you Elon Musket found with. 38 00:01:58,640 --> 00:02:02,280 Speaker 2: Point four million names listed in the Social Security database 39 00:02:02,320 --> 00:02:07,200 Speaker 2: that were over one hundred and twenty years of age, 40 00:02:07,240 --> 00:02:09,160 Speaker 2: meaning you were breaking records because. 41 00:02:08,960 --> 00:02:11,160 Speaker 1: I've never heard of anybody at one hundred and twenty five. 42 00:02:11,200 --> 00:02:14,320 Speaker 2: There were nearly one hundred and thirty five thousand people 43 00:02:14,360 --> 00:02:17,800 Speaker 2: listed who were over one hundred and sixty years old 44 00:02:18,400 --> 00:02:18,800 Speaker 2: and in. 45 00:02:18,680 --> 00:02:20,040 Speaker 1: Some cases getting payments. 46 00:02:20,040 --> 00:02:23,679 Speaker 2: So somebody's getting those payments and we're after that. We're 47 00:02:23,680 --> 00:02:27,480 Speaker 2: also fighting the menace of inflation to make life more 48 00:02:27,520 --> 00:02:29,120 Speaker 2: affordable for American seniors. 49 00:02:29,160 --> 00:02:31,359 Speaker 1: And we've ended Biden's inflation nightmare. 50 00:02:32,000 --> 00:02:34,480 Speaker 2: So we had the worst inflation in the history of 51 00:02:34,480 --> 00:02:37,640 Speaker 2: our country, and now our inflation is down to a 52 00:02:37,680 --> 00:02:41,280 Speaker 2: perfect number of beautiful numbers, hardly any at all. And 53 00:02:41,360 --> 00:02:44,919 Speaker 2: yet our country's taking in tens of billions of dollars 54 00:02:45,000 --> 00:02:49,480 Speaker 2: and trillions of dollars, actually trillions of dollars in tariffs, 55 00:02:50,320 --> 00:02:51,560 Speaker 2: and you know all about it. 56 00:02:51,560 --> 00:02:53,280 Speaker 1: It's been amazing. 57 00:02:53,360 --> 00:02:56,040 Speaker 2: They say, why are we taking in so much money? 58 00:02:57,000 --> 00:02:59,480 Speaker 2: Last week they found twenty nine billion dollars. 59 00:03:00,040 --> 00:03:01,799 Speaker 1: They couldn't figure out where it came from. I said, 60 00:03:01,880 --> 00:03:05,920 Speaker 1: check the tariff shelf, and they said, how did you 61 00:03:05,960 --> 00:03:07,079 Speaker 1: know that's where it came from. 62 00:03:07,560 --> 00:03:11,480 Speaker 2: We're taking in billions and even trillions of dollars in 63 00:03:11,560 --> 00:03:17,359 Speaker 2: tariffs paid by other countries who, frankly were taking advantage 64 00:03:17,360 --> 00:03:19,400 Speaker 2: of us for many, many years, and they were doing 65 00:03:19,440 --> 00:03:21,799 Speaker 2: that to us, but our people. 66 00:03:21,639 --> 00:03:25,120 Speaker 1: Didn't know it. We didn't have smart business people. 67 00:03:26,080 --> 00:03:29,960 Speaker 2: We've ended Biden's inflation nightmare and came in below expectations. 68 00:03:30,000 --> 00:03:34,720 Speaker 2: And yet again this past month we set records scarcely, 69 00:03:34,840 --> 00:03:39,600 Speaker 2: prices a way down and really dramatically as everybody knows, 70 00:03:39,640 --> 00:03:43,560 Speaker 2: and energy prices have been going down other than in 71 00:03:43,640 --> 00:03:46,880 Speaker 2: certain states where you have Democrat run states where they 72 00:03:46,880 --> 00:03:48,280 Speaker 2: put windmills all over the place. 73 00:03:48,320 --> 00:03:49,280 Speaker 1: Anytime you see. 74 00:03:49,080 --> 00:03:53,360 Speaker 2: A windmill, you'll say, well, they have bad energy costs. 75 00:03:53,400 --> 00:03:56,480 Speaker 2: And sappening in New Jersey, so that there's a revolution 76 00:03:56,640 --> 00:03:57,080 Speaker 2: going on. 77 00:03:57,080 --> 00:03:59,080 Speaker 1: And we talked about it here. They closed up a 78 00:03:59,160 --> 00:04:02,200 Speaker 1: nuclear power place and they're raising. 79 00:04:03,320 --> 00:04:07,560 Speaker 2: Electricity rates by twenty one, twenty eight percent, something like that. 80 00:04:08,400 --> 00:04:11,160 Speaker 2: And you're gonna have a new governor in New Jersey. 81 00:04:11,160 --> 00:04:11,600 Speaker 1: I'll tell you what. 82 00:04:11,760 --> 00:04:15,120 Speaker 2: You have a good man running in the Republican Party, 83 00:04:15,520 --> 00:04:18,240 Speaker 2: you'll get them down. But what they've done is they've 84 00:04:18,720 --> 00:04:21,560 Speaker 2: killed so many good sources of energy for very expensive 85 00:04:22,000 --> 00:04:24,960 Speaker 2: windmills and lots of other things that don't work. 86 00:04:25,640 --> 00:04:26,279 Speaker 1: Four oh one. 87 00:04:26,200 --> 00:04:29,880 Speaker 2: K's and retirement accounts are soaring, and the stock market 88 00:04:29,960 --> 00:04:33,839 Speaker 2: is setting record highs almost every day. We're going record highs, 89 00:04:33,880 --> 00:04:38,120 Speaker 2: and yet we're taking in hundreds of billions of dollars 90 00:04:38,120 --> 00:04:38,839 Speaker 2: in tariffs. 91 00:04:39,800 --> 00:04:42,240 Speaker 1: So it turned out that Trump was right and they 92 00:04:42,400 --> 00:04:46,240 Speaker 1: were wrong. Few smart people knew what was going to happen. 93 00:04:46,440 --> 00:04:48,920 Speaker 1: Few of us were right. So we're going to keep 94 00:04:48,960 --> 00:04:49,320 Speaker 1: the fighting. 95 00:04:49,360 --> 00:04:50,760 Speaker 3: All the problem there. 96 00:04:50,960 --> 00:04:52,359 Speaker 1: Make America seniors. 97 00:04:52,800 --> 00:04:55,880 Speaker 2: Every single day, we're going to fight for the sorry, 98 00:04:55,920 --> 00:04:57,680 Speaker 2: the better, stronger, and so many. 99 00:04:57,839 --> 00:04:59,040 Speaker 1: So you see the. 100 00:04:58,960 --> 00:05:01,240 Speaker 3: Producer price in deck, it's the wholesale price in decks 101 00:05:01,279 --> 00:05:04,360 Speaker 3: one that we think today we love it and there's 102 00:05:04,400 --> 00:05:04,880 Speaker 3: a real. 103 00:05:04,720 --> 00:05:08,560 Speaker 1: Issue with it. Ands and beyond. 104 00:05:08,839 --> 00:05:11,880 Speaker 3: They aren't disappearing. Not everything is smooth. I disagree with 105 00:05:11,960 --> 00:05:12,240 Speaker 3: him there. 106 00:05:12,279 --> 00:05:16,440 Speaker 1: He was supposed to be like Daddy. What else is 107 00:05:16,440 --> 00:05:16,880 Speaker 1: he going to say? 108 00:05:16,920 --> 00:05:19,080 Speaker 3: The guy is died in the wall when it comes 109 00:05:19,080 --> 00:05:21,479 Speaker 3: to ra the president has not changed in decades. 110 00:05:21,480 --> 00:05:22,560 Speaker 1: He's not about to change now. 111 00:05:23,160 --> 00:05:26,640 Speaker 2: Two beauties and now what I'd like to do is 112 00:05:26,680 --> 00:05:29,279 Speaker 2: ask Frank to say a few words again. This is 113 00:05:29,320 --> 00:05:32,240 Speaker 2: a man was with a really story pass one of 114 00:05:32,279 --> 00:05:34,159 Speaker 2: the most successful. 115 00:05:34,120 --> 00:05:34,960 Speaker 1: Anywhere in the world. 116 00:05:35,080 --> 00:05:38,000 Speaker 2: What he did at JP Morgan Chase and what he 117 00:05:38,080 --> 00:05:41,160 Speaker 2: did for Henry Gravis and all of the others. 118 00:05:40,960 --> 00:05:43,240 Speaker 1: Are like legendary stories. And he just wanted to do this. 119 00:05:43,920 --> 00:05:47,359 Speaker 2: He's making about a tiny fraction I would say, a 120 00:05:47,400 --> 00:05:49,720 Speaker 2: tiny fraction of what he used to make. But he 121 00:05:49,760 --> 00:05:51,440 Speaker 2: didn't care what to do, and he made a lot 122 00:05:51,440 --> 00:05:53,960 Speaker 2: of money, and he said, I want to run that system. 123 00:05:54,000 --> 00:05:55,600 Speaker 2: I want to put it back on track, and he's 124 00:05:55,600 --> 00:05:58,719 Speaker 2: got an unbelievable talent over there, and it's like a 125 00:05:58,720 --> 00:05:59,400 Speaker 2: different place. 126 00:05:59,720 --> 00:06:01,920 Speaker 1: So would you say a few words, please, thank you? 127 00:06:02,080 --> 00:06:05,320 Speaker 4: There's a less than one tiny fractions. 128 00:06:06,600 --> 00:06:09,760 Speaker 1: Is that what it is? That's an honor. 129 00:06:10,160 --> 00:06:12,359 Speaker 4: It's an honor as an honor, And I'd like to 130 00:06:12,400 --> 00:06:17,120 Speaker 4: start off by thanking the President UH for his tireless 131 00:06:17,240 --> 00:06:21,600 Speaker 4: effort in running the country, in what he's done across 132 00:06:21,640 --> 00:06:25,160 Speaker 4: the country, meeting every commitment. And you know, I see 133 00:06:25,160 --> 00:06:28,240 Speaker 4: it directly in the big beautiful Bill, the opportunity that 134 00:06:28,360 --> 00:06:32,120 Speaker 4: is brought to seniors, but his effort on every commitment, 135 00:06:32,240 --> 00:06:35,760 Speaker 4: delivering against it and delivering. 136 00:06:35,320 --> 00:06:37,320 Speaker 1: On world peace tirelessly. 137 00:06:38,160 --> 00:06:41,440 Speaker 4: Like to also thank him for my opportunity. You know, 138 00:06:41,560 --> 00:06:45,640 Speaker 4: he sees me I'm teasing him about the economics of 139 00:06:45,680 --> 00:06:50,120 Speaker 4: the job, but the reality is to serve three hundred 140 00:06:50,279 --> 00:06:55,359 Speaker 4: million Americans, which is what Social Security serves, is a 141 00:06:55,400 --> 00:07:00,560 Speaker 4: tremendous honor. And him putting that faith in me and 142 00:07:00,680 --> 00:07:03,600 Speaker 4: building what I believe. What I believe, and I think 143 00:07:03,640 --> 00:07:06,440 Speaker 4: i'm a right to say it is the best leadership 144 00:07:06,480 --> 00:07:11,160 Speaker 4: team ever assembled in the White. 145 00:07:10,840 --> 00:07:12,400 Speaker 1: House and in the Cabinet. 146 00:07:12,680 --> 00:07:17,000 Speaker 4: So that's my great honor. So I come here and 147 00:07:17,080 --> 00:07:20,640 Speaker 4: get the opportunity to serve the American public in a 148 00:07:20,760 --> 00:07:24,480 Speaker 4: manner that I never imagined in my life. And what 149 00:07:24,520 --> 00:07:28,360 Speaker 4: we found was the opportunity to fix a foundation. The 150 00:07:28,440 --> 00:07:32,160 Speaker 4: reality is people talk about seventy two beneficiaries. I talk 151 00:07:32,240 --> 00:07:36,160 Speaker 4: about over three hundred million Americans with. 152 00:07:36,200 --> 00:07:38,560 Speaker 3: The social scounting social Security towning. 153 00:07:38,600 --> 00:07:39,280 Speaker 1: Here's what we're gonna do. 154 00:07:39,320 --> 00:07:41,240 Speaker 3: Here's how we're gonna keep everybody safe. Here's how we're 155 00:07:41,240 --> 00:07:43,560 Speaker 3: gonna keep the money flowing. That's fine, it's good. How 156 00:07:43,560 --> 00:07:46,840 Speaker 3: do we pay for this? In the end, we know 157 00:07:46,880 --> 00:07:50,960 Speaker 3: it's not sustainable. We are aware of the fact that 158 00:07:51,000 --> 00:07:54,800 Speaker 3: it's not sustainable. So what's the plan there? How do 159 00:07:54,880 --> 00:07:59,640 Speaker 3: you keep this going? Is the question that he needs 160 00:07:59,680 --> 00:08:02,280 Speaker 3: to be asked and he needs to be able to answer. 161 00:08:03,080 --> 00:08:06,280 Speaker 3: Whoever is running Social Security, the President's up, like we 162 00:08:06,400 --> 00:08:09,960 Speaker 3: understand the issue. The issue is very fundamental, it's basic. 163 00:08:10,520 --> 00:08:12,800 Speaker 3: We can't go on the way we're going on. Is 164 00:08:12,960 --> 00:08:16,400 Speaker 3: raising the retirement age? Is it a change in formulas? 165 00:08:16,480 --> 00:08:18,240 Speaker 3: Just like I think we need the BLS. What's the 166 00:08:18,280 --> 00:08:21,560 Speaker 3: answer here? Is the answer that some people don't qualify. 167 00:08:21,800 --> 00:08:23,840 Speaker 3: Maybe it's you get rid of some of the other services. 168 00:08:23,840 --> 00:08:25,960 Speaker 3: And social Security is the one that you're able to 169 00:08:26,000 --> 00:08:29,480 Speaker 3: really beef up. Listen. I'm not a great big fan, 170 00:08:30,480 --> 00:08:32,680 Speaker 3: not a great big fan of the social safety nets stuff, 171 00:08:33,360 --> 00:08:35,599 Speaker 3: but it's here. I'm not the guy who's gonna be 172 00:08:35,640 --> 00:08:38,520 Speaker 3: able to get rid of it today, but we have 173 00:08:38,559 --> 00:08:41,880 Speaker 3: to admit that it doesn't work. So how does one 174 00:08:42,000 --> 00:08:46,160 Speaker 3: make its work? And that's what you have to address. 175 00:08:46,200 --> 00:08:50,560 Speaker 3: Everything else is nonsense. The President's gonna answer questions. You 176 00:08:50,600 --> 00:08:53,160 Speaker 3: know that's coming. I'll bring it to you what I 177 00:08:53,200 --> 00:08:55,280 Speaker 3: can as I can keep it here. This is Tony 178 00:08:55,360 --> 00:08:55,880 Speaker 3: Kats today.