1 00:00:00,240 --> 00:00:04,080 Speaker 1: Martin O'Malley, the former administrator of the Social Security Administration, 2 00:00:04,200 --> 00:00:08,160 Speaker 1: former Maryland governor, is making a run for share of 3 00:00:08,320 --> 00:00:09,440 Speaker 1: the DNC and it's. 4 00:00:09,320 --> 00:00:11,280 Speaker 2: Great to see you. Thanks great to be to break 5 00:00:11,320 --> 00:00:12,520 Speaker 2: your message to us here. 6 00:00:12,840 --> 00:00:14,920 Speaker 1: You're trying to strike a tone of optimism and what 7 00:00:14,960 --> 00:00:16,759 Speaker 1: a lot of Democrats see is a dark time. 8 00:00:16,800 --> 00:00:17,720 Speaker 2: How do you do it well? 9 00:00:18,280 --> 00:00:20,279 Speaker 3: I have been talking to so many people all across 10 00:00:20,320 --> 00:00:24,480 Speaker 3: the country, and everyone's trying to figure out what can 11 00:00:24,480 --> 00:00:27,040 Speaker 3: we learn from this, Where are the places where we 12 00:00:27,120 --> 00:00:30,480 Speaker 3: actually got it right, and how can we change so 13 00:00:30,520 --> 00:00:34,040 Speaker 3: that we can win elections, because when we lose, everybody loses. 14 00:00:34,120 --> 00:00:38,239 Speaker 3: So these are the conversations I've been having. And we 15 00:00:38,320 --> 00:00:40,479 Speaker 3: have to do two things at the same time. We 16 00:00:40,560 --> 00:00:42,840 Speaker 3: have to rebuild our party and we have to reconnect 17 00:00:43,080 --> 00:00:47,040 Speaker 3: with the working people across America who are experiencing a 18 00:00:47,120 --> 00:00:50,319 Speaker 3: higher cost of living. That's what we need to do. 19 00:00:50,560 --> 00:00:53,440 Speaker 3: That's always been the core of our party since FDR. 20 00:00:53,640 --> 00:00:57,120 Speaker 3: It's really acknowledging that the most important place in America 21 00:00:57,240 --> 00:01:00,240 Speaker 3: is a family's kitchen table, and became a little bit 22 00:01:00,320 --> 00:01:04,240 Speaker 3: untethered from that at the national level. But our politics 23 00:01:04,280 --> 00:01:07,000 Speaker 3: is not the politics of fear. Our politics is the 24 00:01:07,040 --> 00:01:12,399 Speaker 3: politics of hope, of making sure that working people can 25 00:01:12,680 --> 00:01:15,560 Speaker 3: can feed their kids, can send them to good schools, 26 00:01:15,600 --> 00:01:19,520 Speaker 3: can retire with dignity and grace. So those are the 27 00:01:19,560 --> 00:01:21,000 Speaker 3: issues that we have to get back to when we 28 00:01:21,040 --> 00:01:23,080 Speaker 3: do we win. Let me give you a few examples. 29 00:01:23,360 --> 00:01:26,040 Speaker 3: Since we're doing and thank you for calling it. What 30 00:01:26,080 --> 00:01:28,600 Speaker 3: did you call it? The This is not a post mortem. 31 00:01:28,640 --> 00:01:29,520 Speaker 3: We are not dead. 32 00:01:29,760 --> 00:01:33,120 Speaker 4: We are going to call estion analysis post election analysis, 33 00:01:33,160 --> 00:01:33,960 Speaker 4: the after action. 34 00:01:34,360 --> 00:01:37,240 Speaker 3: Our candidates left it all out on the field, and 35 00:01:37,280 --> 00:01:39,679 Speaker 3: in some places we were successful. You know, I was 36 00:01:39,760 --> 00:01:42,440 Speaker 3: talking to Sharif Street in Pennsylvania. I know they just 37 00:01:42,560 --> 00:01:47,319 Speaker 3: called Senator Casey's election or he conceded. And at the 38 00:01:47,319 --> 00:01:50,760 Speaker 3: federal level Pennsylvania, we were you know, we were disappointed. 39 00:01:50,800 --> 00:01:53,680 Speaker 3: We lost that state by two points. But at the 40 00:01:53,680 --> 00:01:57,440 Speaker 3: state level, they kept all of their gains from these 41 00:01:57,520 --> 00:02:01,560 Speaker 3: years past, so they didn't suffer any reversal in their 42 00:02:01,560 --> 00:02:04,680 Speaker 3: state house. I was talking in the chair of Alaska. 43 00:02:04,800 --> 00:02:08,680 Speaker 3: They flipped both of their legislative chambers in Alaska, and 44 00:02:09,240 --> 00:02:12,760 Speaker 3: if the Hakim Jeffreys and his caucus were able to 45 00:02:12,800 --> 00:02:17,120 Speaker 3: gain six seats in the House. So when we talk 46 00:02:17,400 --> 00:02:21,000 Speaker 3: about jobs and opportunity and connect the dots in clear 47 00:02:21,080 --> 00:02:24,160 Speaker 3: ways so that people can see we are making choices 48 00:02:24,360 --> 00:02:28,679 Speaker 3: that make their families future a thing to prefer rather 49 00:02:28,720 --> 00:02:31,400 Speaker 3: than a thing to dread. Then we win elections, and 50 00:02:31,440 --> 00:02:32,440 Speaker 3: that's what we need to do. 51 00:02:32,840 --> 00:02:35,120 Speaker 4: So it sounds like what you're talking about might just 52 00:02:35,200 --> 00:02:38,480 Speaker 4: be populism, if I could generalize. It's something that Donald 53 00:02:38,480 --> 00:02:40,480 Speaker 4: Trump has really tried to seize on it, and I 54 00:02:40,520 --> 00:02:42,680 Speaker 4: wonder if that means populism is really the only thing 55 00:02:42,720 --> 00:02:45,600 Speaker 4: that is going to win elections in this modern era. 56 00:02:45,760 --> 00:02:47,320 Speaker 3: You know what I would call it. I would call 57 00:02:47,360 --> 00:02:50,320 Speaker 3: it an economy that works for all of us. 58 00:02:50,400 --> 00:02:52,359 Speaker 4: And what's the difference between those descriptions? 59 00:02:52,360 --> 00:02:54,600 Speaker 3: And when we have an economy that works for all 60 00:02:54,639 --> 00:03:01,600 Speaker 3: of us, the democracy supports it. It's very popular, So 61 00:03:02,520 --> 00:03:05,920 Speaker 3: I guess the difference is this. As a Democrat and 62 00:03:05,919 --> 00:03:09,919 Speaker 3: a lifelong democrat, I believe that our economy is not money, 63 00:03:10,200 --> 00:03:14,400 Speaker 3: it's people. It's all of our people, And the greatness 64 00:03:14,400 --> 00:03:16,520 Speaker 3: of our country comes from investing in our people and 65 00:03:16,560 --> 00:03:18,400 Speaker 3: the hope that we see in the eyes of our children, 66 00:03:18,440 --> 00:03:23,160 Speaker 3: and making college more affordable instead of making income more inequitable. 67 00:03:24,760 --> 00:03:27,680 Speaker 3: When our country worked very very well and was the 68 00:03:27,800 --> 00:03:30,080 Speaker 3: envy of the globe. It was because we were investing 69 00:03:30,240 --> 00:03:32,920 Speaker 3: in a stronger and growing middle class. 70 00:03:33,120 --> 00:03:34,720 Speaker 2: But we came away from that over. 71 00:03:34,560 --> 00:03:39,520 Speaker 3: The last forty years, and now I hear the incoming 72 00:03:39,560 --> 00:03:44,760 Speaker 3: president talking about money and bitcoin when instead what the 73 00:03:44,800 --> 00:03:47,440 Speaker 3: American people want us to talk about is them the 74 00:03:47,480 --> 00:03:51,720 Speaker 3: reality around their kitchen table. I am a kitchen table progressive. 75 00:03:52,600 --> 00:03:55,440 Speaker 3: If we don't deliver the goods of the republic that 76 00:03:55,480 --> 00:04:00,000 Speaker 3: make a republic worth having, then our party has lost 77 00:04:00,080 --> 00:04:00,440 Speaker 3: its way. 78 00:04:00,560 --> 00:04:02,640 Speaker 1: We heard from so many voters during the campaign who 79 00:04:02,680 --> 00:04:05,080 Speaker 1: told us that it was the kitchen table they wanted 80 00:04:05,080 --> 00:04:05,640 Speaker 1: to talk about them. 81 00:04:05,680 --> 00:04:07,000 Speaker 2: So Democrats had veered. 82 00:04:06,760 --> 00:04:09,720 Speaker 1: Into identity politics and at least they knew Donald Trump 83 00:04:09,720 --> 00:04:11,640 Speaker 1: had a good economy in No New Wars. Those are 84 00:04:11,640 --> 00:04:13,320 Speaker 1: the two lines that we kept hearing. 85 00:04:13,320 --> 00:04:14,200 Speaker 2: How do you respond to that? 86 00:04:14,440 --> 00:04:20,000 Speaker 3: Yeah, I think the I think people across our country 87 00:04:20,000 --> 00:04:24,839 Speaker 3: actually have a lot more curiosity and interest in talking 88 00:04:24,880 --> 00:04:27,320 Speaker 3: about our economy and how it works and how it 89 00:04:27,320 --> 00:04:29,280 Speaker 3: can be made to work better for their home and 90 00:04:29,320 --> 00:04:33,040 Speaker 3: their kitchen table than a lot of the pundits or 91 00:04:33,240 --> 00:04:36,560 Speaker 3: the media consultants give them credit for. For example, when 92 00:04:36,560 --> 00:04:40,599 Speaker 3: I was running for reelection in Maryland as governor. My 93 00:04:40,640 --> 00:04:43,839 Speaker 3: own consultants told us, people don't want it. They're still 94 00:04:43,960 --> 00:04:46,839 Speaker 3: feeling bad. We're not all the way out of the recession. 95 00:04:47,360 --> 00:04:50,279 Speaker 3: Don't talk about the economy because they're not feeling great. 96 00:04:50,760 --> 00:04:52,760 Speaker 3: Just run scary negative ads about. 97 00:04:52,520 --> 00:04:55,200 Speaker 2: The other guy. And I said, hell, no, we're not 98 00:04:55,240 --> 00:04:55,800 Speaker 2: going to do that. 99 00:04:55,839 --> 00:04:58,880 Speaker 3: We're going to talk about the things that people care about. 100 00:04:59,000 --> 00:05:02,400 Speaker 3: And I made the We made the economic argument about 101 00:05:02,400 --> 00:05:04,520 Speaker 3: the things we're doing to make our schools number one 102 00:05:04,520 --> 00:05:07,840 Speaker 3: in America, about making college more affordable, all the kitchen 103 00:05:07,920 --> 00:05:13,839 Speaker 3: table issues, stopping foreclosures, and so you know, when we 104 00:05:13,920 --> 00:05:16,880 Speaker 3: engage in an economic debate, people are actually with us. 105 00:05:17,760 --> 00:05:20,400 Speaker 3: And interestingly, you know, in a state like Missouri, get 106 00:05:20,400 --> 00:05:24,880 Speaker 3: this Missouri up and down their ticket. They have elected 107 00:05:24,920 --> 00:05:28,360 Speaker 3: officials who are Republicans, and we're elected. And yet at 108 00:05:28,400 --> 00:05:32,040 Speaker 3: the referenda on election day, their people march the polls 109 00:05:32,040 --> 00:05:34,919 Speaker 3: and they voted for reproductive freedom, they voted for an 110 00:05:34,960 --> 00:05:36,760 Speaker 3: increase in the minimum wage, and they. 111 00:05:36,720 --> 00:05:38,120 Speaker 2: Voted for paid family leave. 112 00:05:38,720 --> 00:05:42,719 Speaker 3: So we have to be the party that makes life 113 00:05:42,920 --> 00:05:46,680 Speaker 3: more affordable for hard working people who have been worked 114 00:05:46,680 --> 00:05:50,039 Speaker 3: over for these last forty years by this false economics 115 00:05:50,320 --> 00:05:54,919 Speaker 3: of concentrating power, concentrated monopolies, concentrating money in the hands 116 00:05:54,920 --> 00:05:57,920 Speaker 3: of the few. Our economy is not money, it is people. 117 00:05:58,279 --> 00:06:00,000 Speaker 3: And that's what we need to speak to. 118 00:06:00,000 --> 00:06:02,840 Speaker 4: A party well, and the party is comprised of all 119 00:06:02,880 --> 00:06:06,159 Speaker 4: sorts of people. We've obviously spent so much time in 120 00:06:06,200 --> 00:06:08,919 Speaker 4: the last decade talking about the way in which the 121 00:06:08,960 --> 00:06:12,240 Speaker 4: Republican Party has morphed in the Donald Trump era, and 122 00:06:12,279 --> 00:06:14,560 Speaker 4: how there are divisions within that party of those who 123 00:06:14,600 --> 00:06:17,640 Speaker 4: do follow him, and maybe more defined is on the 124 00:06:17,640 --> 00:06:20,200 Speaker 4: hard right. But we're seeing some of that in the 125 00:06:20,200 --> 00:06:23,920 Speaker 4: Democratic Party as well, especially as everybody does this post 126 00:06:24,000 --> 00:06:26,960 Speaker 4: election analysis, if you will, and so I wonder, as 127 00:06:27,000 --> 00:06:29,400 Speaker 4: you're making a bid here to lead the party forward, 128 00:06:29,960 --> 00:06:32,240 Speaker 4: how you fit those pieces back together again so that 129 00:06:32,279 --> 00:06:35,440 Speaker 4: there's enough cohesion to be able to stick together as 130 00:06:35,480 --> 00:06:35,840 Speaker 4: a unit. 131 00:06:36,400 --> 00:06:40,800 Speaker 3: Yeah, our party is a party that has an enormous 132 00:06:40,839 --> 00:06:43,680 Speaker 3: amount of diversity, and in fact, our diversity is our strength. 133 00:06:44,200 --> 00:06:47,280 Speaker 3: But our strength when it comes to winning elections again 134 00:06:47,400 --> 00:06:50,080 Speaker 3: is to speak to the national interests that we share. 135 00:06:50,480 --> 00:06:53,440 Speaker 3: And there's nothing more important to the national interest than 136 00:06:54,120 --> 00:06:57,920 Speaker 3: allowing families to be able to make a better tomorrow 137 00:06:57,920 --> 00:07:00,800 Speaker 3: for their kids. So that's the thing that unites all 138 00:07:00,800 --> 00:07:02,640 Speaker 3: of us. You know, all of us have to all 139 00:07:02,640 --> 00:07:04,839 Speaker 3: of us, all of us have to eat, all of 140 00:07:04,920 --> 00:07:08,279 Speaker 3: us have to work, all of us want to give 141 00:07:08,279 --> 00:07:10,560 Speaker 3: our children a better future than the one that we've had. 142 00:07:10,880 --> 00:07:12,720 Speaker 3: I mean, how sad is it? And what does it 143 00:07:12,760 --> 00:07:16,000 Speaker 3: say about our country that, you know, when unemployments at 144 00:07:16,000 --> 00:07:18,400 Speaker 3: an all time low, that white male suicides are at 145 00:07:18,440 --> 00:07:21,600 Speaker 3: an all time high. There's an enormous fear of change 146 00:07:21,600 --> 00:07:23,840 Speaker 3: and fear of the future that's gripping our country. And 147 00:07:23,880 --> 00:07:27,960 Speaker 3: in moments of fear, you know, as Donald Trump said 148 00:07:27,960 --> 00:07:31,840 Speaker 3: in the past, they once asked after the last selection, 149 00:07:31,920 --> 00:07:33,480 Speaker 3: how did you win? He said, I looked into the 150 00:07:33,480 --> 00:07:37,040 Speaker 3: eyes of those blue collar people and all across you know, 151 00:07:37,160 --> 00:07:40,880 Speaker 3: Pennsylvania and Michigan. I saw their fear and I tapped 152 00:07:40,880 --> 00:07:44,400 Speaker 3: into it. So we should not be the party of fear? 153 00:07:45,200 --> 00:07:48,200 Speaker 3: Are the leader of our party in modern times said, 154 00:07:48,200 --> 00:07:50,240 Speaker 3: we have nothing to fear but fear itself. This is 155 00:07:50,240 --> 00:07:53,680 Speaker 3: a time of enormous economic opportunity in the world, the 156 00:07:53,760 --> 00:07:56,160 Speaker 3: beginnings of a third Industrial Revolution, the dawn of a 157 00:07:56,240 --> 00:07:59,760 Speaker 3: third American century. We need to stop fearing the future, 158 00:08:00,120 --> 00:08:03,000 Speaker 3: race it. But we need a strong government that actually works, 159 00:08:03,040 --> 00:08:05,720 Speaker 3: that delivers, and that has our back. What you're going 160 00:08:05,760 --> 00:08:09,200 Speaker 3: to see, mark my words, is this administration is going 161 00:08:09,200 --> 00:08:13,920 Speaker 3: to break a lot of things that Americans that Americans. 162 00:08:13,400 --> 00:08:15,480 Speaker 4: Thought, arguably what people voted for is. 163 00:08:15,880 --> 00:08:19,520 Speaker 3: Well, we will see. I don't believe that's true. I 164 00:08:19,600 --> 00:08:22,960 Speaker 3: believe that Americans when they heard the message defend democracy, 165 00:08:23,000 --> 00:08:26,480 Speaker 3: that they heard status quo. And I believe that when 166 00:08:26,520 --> 00:08:32,240 Speaker 3: they see I mean, if this administration starts breaking institutions 167 00:08:32,240 --> 00:08:33,840 Speaker 3: that they had come to rely on and thought could 168 00:08:33,840 --> 00:08:38,760 Speaker 3: never be broken, whether it's Medicare, whether it's social security, 169 00:08:39,080 --> 00:08:44,240 Speaker 3: whether it's the infrastructure of our nation, they are going 170 00:08:44,280 --> 00:08:47,400 Speaker 3: to cry out for a government that actually works and 171 00:08:47,480 --> 00:08:50,360 Speaker 3: has their back. And the Democratic Party is going to 172 00:08:50,480 --> 00:08:53,600 Speaker 3: have the backs of the working people of this country 173 00:08:54,440 --> 00:08:56,480 Speaker 3: when they come out of when we come out and 174 00:08:56,559 --> 00:08:58,760 Speaker 3: emerge out of these next two years. But in the meantime, 175 00:08:58,760 --> 00:09:02,480 Speaker 3: as a party, look, we need collaborative leadership. We need 176 00:09:02,600 --> 00:09:06,280 Speaker 3: leadership that has experience in bringing people together, but also 177 00:09:06,720 --> 00:09:10,160 Speaker 3: in orchestrating change, managing our way out of this as 178 00:09:10,200 --> 00:09:15,360 Speaker 3: a better and more professional party, but also also focusing 179 00:09:15,679 --> 00:09:20,840 Speaker 3: on the next battle front. Jakim Jeffries is the general 180 00:09:20,920 --> 00:09:26,000 Speaker 3: in that battle of the midterms, but in state offices, 181 00:09:26,160 --> 00:09:30,280 Speaker 3: you know, state legislators all across America, county offices. We 182 00:09:30,440 --> 00:09:33,800 Speaker 3: have to reconnect our national party with those men and 183 00:09:33,840 --> 00:09:37,920 Speaker 3: women who are experiencing tremendous success in a lot of 184 00:09:37,920 --> 00:09:40,040 Speaker 3: state houses all across America. 185 00:09:39,679 --> 00:09:42,600 Speaker 1: Voters who are not experiencing tremendous success. You talk about 186 00:09:42,600 --> 00:09:44,960 Speaker 1: those scary ads, A lot of them works, especially those 187 00:09:45,000 --> 00:09:48,520 Speaker 1: that highlighted transphobia. And there's a Democrat from Massachusett's who 188 00:09:48,559 --> 00:09:50,520 Speaker 1: we talked to you pretty often here named Seth Multen. 189 00:09:50,559 --> 00:09:53,839 Speaker 1: He made big headlines saying that Democrats went wrong by 190 00:09:53,920 --> 00:09:57,000 Speaker 1: leaning too far into identity politics. You may agree with 191 00:09:57,080 --> 00:10:00,280 Speaker 1: him or not, but what does your DNC, if you 192 00:10:00,320 --> 00:10:02,679 Speaker 1: get this job, look like when it comes to protecting 193 00:10:03,200 --> 00:10:06,800 Speaker 1: or looking out for marginalized communities like trans. 194 00:10:06,640 --> 00:10:09,280 Speaker 3: You know, we will make no compromise when it comes 195 00:10:09,320 --> 00:10:12,800 Speaker 3: to our principles, and those core principles are our belief 196 00:10:12,840 --> 00:10:16,000 Speaker 3: in the dignity of every person and our belief in 197 00:10:16,040 --> 00:10:20,079 Speaker 3: the common good that we share as Americans. As I 198 00:10:20,120 --> 00:10:22,840 Speaker 3: looked at the ads that were being run, it seemed 199 00:10:22,880 --> 00:10:25,640 Speaker 3: that it was actually the other party that was obsessed 200 00:10:26,120 --> 00:10:30,400 Speaker 3: with trying to divide us and trying to belittle transgendered people. 201 00:10:31,240 --> 00:10:34,000 Speaker 3: It's the other party who came back to Congress and 202 00:10:34,040 --> 00:10:37,200 Speaker 3: their very first act was about bathroom bills and an 203 00:10:37,280 --> 00:10:43,839 Speaker 3: arrow when most when so many places have unisex you know, restrooms. 204 00:10:43,840 --> 00:10:46,800 Speaker 3: What are unisex restrooms or not have to do with 205 00:10:46,840 --> 00:10:49,439 Speaker 3: putting food on your table, or educating your kids or 206 00:10:50,080 --> 00:10:50,960 Speaker 3: keeping a roof. 207 00:10:50,800 --> 00:10:51,440 Speaker 2: Over their head. 208 00:10:52,160 --> 00:10:56,319 Speaker 3: We have to not allow ourselves to become juked, distracted 209 00:10:57,880 --> 00:11:01,480 Speaker 3: by the politics of division and fear. Our politics is 210 00:11:01,520 --> 00:11:03,840 Speaker 3: the part as the politics that says we are one, 211 00:11:04,160 --> 00:11:06,160 Speaker 3: our cause is one. We have to help each other 212 00:11:06,200 --> 00:11:08,840 Speaker 3: if we are to succeed, and we need to build 213 00:11:08,880 --> 00:11:11,360 Speaker 3: an economy and a country that works for all of us, 214 00:11:11,400 --> 00:11:12,760 Speaker 3: not just for some of us. 215 00:11:13,040 --> 00:11:15,840 Speaker 4: Well, obviously, right now the US economy and everything that 216 00:11:15,840 --> 00:11:18,000 Speaker 4: has been built in large part has been underpinned by 217 00:11:18,280 --> 00:11:21,280 Speaker 4: a growing deficit and debt problem, which it felt like 218 00:11:21,400 --> 00:11:23,439 Speaker 4: in a lot of ways neither candidate was really willing 219 00:11:23,480 --> 00:11:25,800 Speaker 4: to outwardly talk about on the campaign trail, and part 220 00:11:25,840 --> 00:11:29,319 Speaker 4: because there's just things you can't touch politically, like Social Security, 221 00:11:29,320 --> 00:11:32,640 Speaker 4: which obviously are intimately familiar with, and Medicare, defense is 222 00:11:32,640 --> 00:11:35,480 Speaker 4: hard to touch as well. And I just wonder, no 223 00:11:35,520 --> 00:11:38,120 Speaker 4: matter what party is in charge in the years to come, 224 00:11:38,200 --> 00:11:40,800 Speaker 4: if you see a way in which the country can 225 00:11:40,840 --> 00:11:43,559 Speaker 4: find itself on a more sustainable path. 226 00:11:43,960 --> 00:11:44,360 Speaker 2: Sure. 227 00:11:44,559 --> 00:11:48,000 Speaker 3: I mean, one of the things that's happened in our 228 00:11:48,040 --> 00:11:51,400 Speaker 3: country for the last I mean thirty years or more, 229 00:11:51,840 --> 00:11:56,240 Speaker 3: has been a great reduction in the amount of income 230 00:11:56,320 --> 00:12:01,719 Speaker 3: tax that our highest earners pay, or to merely return. 231 00:12:01,559 --> 00:12:03,640 Speaker 2: To a level that was. 232 00:12:05,280 --> 00:12:09,680 Speaker 3: What we had as a nation during the first term 233 00:12:09,880 --> 00:12:12,959 Speaker 3: of Ronald Reagan. I mean, a lot of those things 234 00:12:13,000 --> 00:12:15,800 Speaker 3: would start to be addressed, and would be addressed over time. 235 00:12:16,240 --> 00:12:19,600 Speaker 3: Let me say, as before I talk about Social Security, 236 00:12:19,679 --> 00:12:22,800 Speaker 3: that I am here in my personal capacity. I am 237 00:12:22,840 --> 00:12:26,480 Speaker 3: not here in my capacity as Commissioner of Social Security. However, 238 00:12:27,160 --> 00:12:30,160 Speaker 3: I do know enough about that math to be able 239 00:12:30,200 --> 00:12:33,040 Speaker 3: to tell you social Security does not contribute to the 240 00:12:33,120 --> 00:12:36,480 Speaker 3: national debt. It is a pay as you go system, 241 00:12:36,960 --> 00:12:41,120 Speaker 3: which means that as Americans pay into Social Security, those 242 00:12:41,160 --> 00:12:44,120 Speaker 3: of us that are still working age, we pay out 243 00:12:44,120 --> 00:12:46,160 Speaker 3: the benefits like an insurance company. 244 00:12:46,400 --> 00:12:48,319 Speaker 2: So last year one point. 245 00:12:48,040 --> 00:12:50,840 Speaker 3: Three to five trillion came in from people working one 246 00:12:50,840 --> 00:12:53,600 Speaker 3: point three to seven trillion went out to people who 247 00:12:53,640 --> 00:12:57,120 Speaker 3: were retired and beneficiaries, and the difference came from the 248 00:12:57,160 --> 00:13:01,200 Speaker 3: surplus reserve that was built up to cover this era 249 00:13:01,240 --> 00:13:05,280 Speaker 3: of the baby boomers. That reserve is running out sooner. 250 00:13:05,559 --> 00:13:09,240 Speaker 3: That surplus reserve is running out sooner than anticipated. And 251 00:13:09,280 --> 00:13:13,199 Speaker 3: the reason is of income inequality. In other words, in 252 00:13:13,280 --> 00:13:16,520 Speaker 3: nineteen eighty two, they thought they were setting a level 253 00:13:16,559 --> 00:13:19,600 Speaker 3: of Social Security cap that would pat capture ninety percent 254 00:13:19,640 --> 00:13:22,600 Speaker 3: of earnings in America. Instead with all of the things 255 00:13:22,600 --> 00:13:27,520 Speaker 3: that drove income out of most American homes and into 256 00:13:27,559 --> 00:13:29,000 Speaker 3: the hands of the top six percent. 257 00:13:29,280 --> 00:13:32,200 Speaker 2: That also reduced the bracket, if you will. 258 00:13:32,280 --> 00:13:35,199 Speaker 3: So they on it only applied to eighty percent of 259 00:13:35,280 --> 00:13:39,480 Speaker 3: income in America. So a simple solution to that is 260 00:13:39,520 --> 00:13:44,199 Speaker 3: to ask people who make more to start contributing. Again, 261 00:13:44,440 --> 00:13:47,319 Speaker 3: there's no cap on what people contribute to Medicare, and 262 00:13:48,640 --> 00:13:51,720 Speaker 3: social Security is off. I mean, it doesn't contribute a 263 00:13:51,800 --> 00:13:54,680 Speaker 3: dime to the national debt. It is a self sustaining program. 264 00:13:54,880 --> 00:13:57,640 Speaker 3: That doesn't mean that this new crab can't break it. 265 00:13:58,240 --> 00:14:01,280 Speaker 3: If they want to break it, they can break. But 266 00:14:01,520 --> 00:14:04,880 Speaker 3: that's not what eighty percent of Americans want. They want 267 00:14:04,920 --> 00:14:08,520 Speaker 3: social Security expanded and strengthened so that it's there not 268 00:14:08,559 --> 00:14:11,080 Speaker 3: only in their lifetimes, for their kids and their grandkids, 269 00:14:11,559 --> 00:14:14,320 Speaker 3: which is also the same hopes and dreams they have 270 00:14:14,360 --> 00:14:14,880 Speaker 3: for their nation. 271 00:14:15,320 --> 00:14:17,400 Speaker 4: All right, sir, thank you so much for joining us. 272 00:14:17,400 --> 00:14:20,040 Speaker 4: Martin Andmalley of course no Social Security very well, but 273 00:14:20,080 --> 00:14:22,120 Speaker 4: he is also running to be the next chair of 274 00:14:22,200 --> 00:14:24,560 Speaker 4: the DNC. Appreciate you joining us here in our Washington, 275 00:14:24,640 --> 00:14:25,400 Speaker 4: d C studio