06-10-26 Part Two - The Seven Year Ache

"Very good?" "How is the steuer? Very good." "That's a whole lot." "Cool, what did you say?"

“"The taste of the warm-taste, computer-built,”

"focus-manage, finance-tab, such a thing." "Mega, but that's just stopped completely." "Eh, just a few photos of the low-steuer "beautiful, make it fast." "Very good, very good."

"Very good, very good." "Hold your money, with the steuer." "Now, it's red-eye radio, Gary McNamara, "and Eric Hurley, talk about everything "from politics to social issues, and news of the day,

"whether you're up late or you're just starting your day, "Welcome to the show, from the relief-factor studios. "This is red-eye radio." "All across America, we are red-eye radio. "He is air-courting, and I'm Gary McNamara.

"Welcome in good morning." You know, we had just talked about the fact that Social Security, seven years, last quarter of 2032, they're run out of reserves. They're really our no-reserves.

“It's just a pain, IOUs, so they may continue paying that anyway.”

Even though there would have to be an act of Congress to do that. Yeah, to take it out of the general fund or whatever. But you and I believe as this continues and again, you've got so many people retiring

and you don't have the younger generations reproducing which means they gotta pay more.

And we've always asked the question,

well, first off, we go back to, well, one was it, like 2004, 2005, when was it that Bush said, look, let's bring Democrats, let's solve this problem to Social Security and Democrats went, no way. I'm not gonna help you on this.

And both sides continue to say, there's not gonna be any changes at all. There's gonna be changes. There may not be the benefits, but in order to pay the benefits,

there's gonna be changes. One way or another, they have to change. That's just the fiscal reality of it. And anybody who tells you any different is lying to you. Yeah, you're gonna have to do something about it.

You and I always believe that the easy out would be to raise the tax on employers, but not, you know, you do it stealth. Yeah, you do it, and you start it slow, of course, you started with, okay, 1% more this year,

or whatever, and then three years later, you know, another 1%, and because right now the employer matches six and a quarter, so it's a total of 13, six and a half, or six and a quarter, whatever it is.

So, you're also making your contribution of six and a quarter, right, as an individual.

“I think two, they have been raising the cap”

of how much you can contribute, basically,

I don't know, every year, since I can remember. They may raise that cap or, you know, in higher increments at some point, and then eventually lift the cap altogether. Well, if you lift the cap, are you going to,

because remember, people make based on what they put in. Yeah, so even if you raise the cap, you're gonna be at that upper end, will you get more money or will they cap it?

'Cause you and I think that eventually they're gonna have to, again, have the employer side pay more, take off the cap, and then limit that you'll have to pay a lot more, but it's not gonna be like, so security is now.

If you pay, if you're paying the maximum, you're gonna get the maximum that it's not gonna continue up that scale, right, any more that they're gonna have. Well, because I'm gonna see that on benefits, and release the cap on who I can see also

a means test at the age of retirement. Yes. So with that person has been contributing, and let's say they lifted the cap altogether,

or they brought it up to like half a million a year,

or whatever. Then that person is a higher owner throughout their career. It's assumed they have also said everything else besides for their retirement,

and it's likely there could be a means test. That could either offer through the means test if you qualify, and you have a certain at worth of retirement. The government could offer a one-time buyout,

which would be just a percentage of what you even paid in. All of these are gonna be hard cells, because companies are gonna be impacted if you start with the employer match.

That's, there's no way that doesn't impact hiring.

there's some out there that of course are on the left,

Warren Buffett, Bill Gates, many of them. Elon Musk until recently. And so, you know, they look at this and, you know, the question is, well, you need those contributions at election time,

but the question would be, all right, do they see this as something? A battle they wanna pick at the time, and it just depends on how it's handled. It's going to be in small increments,

“I believe, either way, but seven years is a short period.”

- Well, will they lift early retirement to 62? - Yeah, for future generations, I think that's something. - I think that's a positive, I think they could go to 64. - And, or just eliminate it completely. Eliminate it completely and continue incrementally

raising the aid.

- Well, a month every, one of the places

every single year has they've been doing to begin with a month or two. - One of the plays of that is, and, you know, because people will, you know, if they've been maxing out, you know,

welcome at a wait till 70, and then you've got it back and forth. If you go to YouTube and type in, should I start taking social change? - Yeah, yeah, yeah, yeah, yeah.

By the way, it'll be in your algorithm forever, and there's good points and that points to be made, and it depends on, again, what you're earning. At 62, if you are, my brother who recently passed away retired at 62, and so he had veterans disability,

but also had so security. And so he knew he could retire, and he also had savings, whirlwind, K, and everything else. House that was paid for vehicle paid for, you know,

so he was already, he was in a good situation. No family to take care of no children, grandchildren, or spouse. So, you know, you look at those situations,

and there is basically the government looking at it

and ticing you with that carrot. Hey, if you wait till you're 70, you'll get this much, and then people looking at and advisors, financial advisors will say, well, look at the average age in terms of the average lifespan,

then taking it at 62 actually fits for a lot of people if they're not earning any longer at that point.

“So, I think they'll probably have some form of early retirement,”

and again, all of this will happen, I think, and well, but I don't think the government doesn't care about the early retirement. No, no, they don't want that. They want to try to see the carrot over here, right?

They want to see the 70. So, I wouldn't be surprised if you get closer and they can't come to, sorry, early retirement's gone. Yeah. Up yet, you understood all of that.

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with some of the cream. And there, there's the Cuba-capsil machine in their Shibu-fiales and of Chibu-de-e. Now, it was interesting because I remember when they, the discussion going on.

And was it Ben Shapiro who said, "Nobody should retire?" And all, and then it was like an outrage from people saying, "Yeah." - Well, you can't do manual labor

when you're 70 years of age. - Right.

“- This is point was you should never retire.”

- Right. - And they're just some jobs were just because of physical capabilities. - Yeah. - You have to retire.

And he did give the exemption for that. But it was just, it created just a, just a, you know, a fury. And the point is, there are a lot of people in their 50s that already planned to retire at 62.

They're planning to do it. And they're saying, "I do it in a bunch of different things." And if you pulled that out immediately, there'd be an outrage from a significant number of people in their 50s.

- You're not gonna get that done politically. - You wouldn't get it done politically. It would have to be like it's been in the past.

basically, that would now be in, maybe in their 40s,

or maybe in their 30s, you know, we're gonna move it to 65, and 65 is gonna be it. You know, meet in the middle, 66, or whatever, you know, and meet in the middle, and that's gonna be it. - What is it about?

- Well, 67 is it stuck on 60, they're regular, yeah, 60, or 67 somewhere in there? - Yeah, my normal time was 66 years and two months. - I think your mind is 66 and,

“and a few months, I think if I remember correctly,”

I haven't looked at any social security step in a while. - So, well, it's, again, when I turned 65, that was the benchmark of being old, because that's when all the Medicare stuff hits you. - Well, see, you're like, no, no, no, no,

what are you doing here? Did the Medicare crap away for me? I'm not that old. - Yeah, yeah. No, I was probably 39 when they started sending me

ARP stuff, I know that's not the government, but holy cow, and slow down. - But you're eligible, no, I'm not eligible. But, you know, the thing I started getting it really, seriously, I think I started 51, 52 years of age.

- Oh, no, I think I was about 50. - Yeah, yeah, I started getting ARP stuff. - Yeah, right, yeah.

“- Like, I'm not even sure I'm through puberty yet,”

but we have the, it's none of my business, but we had, you know, that whole discussion on it is exactly the way it will play out on Capitol Hill, because you want the seniors because they show up at election time.

Start pulling money away from them, and you're gonna have a problem. And politically, I don't know how you do it. And financially, I don't know how you fix it

without going after the companies first,

the wealthy, second, and then, you know, that'll be it. Don't keep lifting the cap, that's, that's a given. They're gonna keep lifting the cap. The question is, do they start limiting the benefits based on a mean test eventually?

I can see that happening, you know, if not eliminating the benefit, because that wouldn't be if you paid into it, that wouldn't be a, you know, sellable on Capitol Hill, you could do a one-time buyout kind of thing,

and say, okay, this will happen. If you have this, then you're eligible for a one-time buyout, and that's it. Take it or leave it. Again, I'm just throwing out ideas of how you fix something

that has been on the dock at, for, I don't know, underfunded mandates, we've been talking about this for years. You and I for almost 21 years together, next month. So, you know, that's, that's where we're. - The congressional budget office has said that explain

that because the government, exactly what we just said, because the government would not have the legal authority to make payments in excess of receipts. Those are the IOUs. So, there are no, there is no reserve fund.

- Right. - Doesn't exist, no. It's simply the IOUs exist, and the government has to pay those IOUs. But once those IOUs are paid, the government does not have the authority, Congress is not giving them the authority,

the Social Security Administration, you know, to allocate any more money, because Congress allocated the money for the receipts. Once the receipt is done, Congress has to come back and say, okay, no, we're gonna continue with it.

As I believe they, they will on it, but somebody's gonna have to pay the freight on it, as we all know. - Oh yeah. - Yeah, and it says, "So, security benefits are funded by payroll tax receipts, along with the trust fund,

and once the trust fund is tapped out."

“- There is, remember, there is no money there.”

- Right. - The federal government would only be able to pay benefits equal to the incoming payroll tax revenue under current law. - Yeah, as we have said, so. But we will see now, if I don't live that long, I don't care.

- Yeah, you know, the reason I haven't looked at it lately

is because I just, I always knew, I was gonna have to make

other plans. I'm not gonna rely on the government. I hope it's there for others. - Right. - But I make a lot of money in radio. And with climate change, we're all doomed anyway, right?

Elon's gonna be on Mars by 2031.

So, you know, it's, I think it's every man for himself.

“- Much of old people looting, that's what we need.”

Let's go get what you need. - Well, I told you what happened the other day at the target near me, some guys in their 60s. - These guys in their 60s went in, and it's an organized theft ring.

- That's wild. - And, you know, the lost control people, a target called the police, the police showed up. It was a high speed chase of these 60 year olds. - Well, high speed for them, it was, which was 45.

And a blinker on the whole time. - Okay, now I'm thinking of the sign for that episode, which you're just gonna stand on the little scooter. - Yeah, the senior scooter. - Yeah, try to run.

- There was, there was a movie, it was Al Pacino.

I think Morgan Freeman and I'm just blanking on his name. Who did I say, Ron? Who?

“No, not Almanol, Alman, Arkin, Arkin, Alman Arkin.”

And Alman Arkin lived in the home. And I love that, and just loved Alman Arkin. Just, greatest comedy ever. And they hired him as the driver. They were gonna do one last, you know,

heist or something. I forget it, it was just a low level comedy, in other words, it wasn't a high profile movie. But it was a great movie. I got to look up the name of it to do a justice,

but Almanol was one of it. They said, "What's going on?" Almanol, Alman Arkin. He says, you know, he's driving the car. They're about to go do their thing.

Well, what's going on with you these days? Well, the doctor says, "I've gotta go back in." You know, "Well, what's wrong with you?" I don't know, it's none of my business. And he's just, just so good.

And so when you told me that story the other day, what's the name of the movie, Ron? Do you have it? Going in style, going in style. Great little comedy.

You gotta watch it. That's great. I loved Alan Arkin and what's his name from Roseanne. Oh, and John Goodman, in Arco, in Arco. Arco.

At the end, when we know the hostages are out, that's just one of my favorite scenes of any movie.

“Now, I remember, I'm old enough to have gone through that.”

Well, it actually happened when they realized they got them out and they ended up, you know, the CIA set up the fake movie studio. Right. The, uh, what's his name?

It says Bob Mendez, the actual CIA officer. Yeah. And his wife, or, or, they do YouTube videos now. I don't think they're still in the FBI. His wife is a master of CIA, not a CIA.

What do I say? FBI, yeah. CIA, they're both CIA officers. And they talk about she was a master of disguises. She would not for herself, but for all of the officers in the field.

And it was, you know, she's on one of the magazines that an interview with her on YouTube, fascinating. Just fascinating. We are running our radio. Brought to you by FPPF, fuel power max.

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Coming up more with Gary McNamara and Eric Carley. It's Red Eye Radio. (upbeat music)

“- We are when I'm ready to go and he is hurt for me”

and I'm Gary McNamara. - Other was Tony Mendez. - Tony Mendez. - Tony Mendez is the friend of mine in Delroy, in Argo. He died by the way in 2019.

- He passed away in 2019, before that, I don't know how many videos he did. I know he did some interviews,

but his wife, his second wife, actually,

was ahead of disguises there at the CIOA. (upbeat music) (upbeat music) - Powered by Winnie, 10 Super Penels, Red Eye Radio. - And we aren't run out of radio.

He is here currently and I'm Gary McNamara. You know, we talked about this yesterday and it was basically based on the president over the last couple of days, trying to make the separation between the United States

and Israel actually saying in one of his true social posts. Israel and Iran need to stop fighting

and we're just like Israel is us in this war.

There is no difference. - Yeah, I mean, it's like we weren't a part of it at all ever.

“- But yesterday was I think the turning point”

for a lot of conservatives. And we had said it even yesterday. I said, you don't see anyone, none of the influencers, nobody on the right is defending where the president is going.

Unless you're a Tucker Carlson. - Yeah, yeah. But none of his conservative bases, you didn't see it at all. And after yesterday, after the Iran attack

the helicopter, now what I really want to know is what is this autonomous rescue craft? - No, I looked at it as far as they know,

as far as this known, it's the first time

that this type of watercraft actually was used as been used in a rescue situation. And so these are called seed roads. They're 24-foot ceramic course heirs. And there was one that was used in this rescue mission.

These are autonomous surface vessels, water surface, the drone is part of the Pentagon's push to expand unmanned vehicles alongside traditional assets this according to Reuters. And I'm intrigued all day long and it makes a lot of sense,

especially if you're talking about rescue missions, depending on the nature of those being rescued. In this case, they believe that the crew members could manage getting on those drones, these water drones themselves.

This would be the two army helicopter crew members after their helicopter was shot down there in the Middle East. And it's, I mean, I love this idea of not putting other surface members in harm's way, but also being able to dispatch very quickly

a rescue mission with equipment that is, well, it worked this time, yeah, it was pretty awesome. Yeah, it was very intriguing.

“But the fact is, I think he's almost lost complete”

conservative support the president has. Yeah, right. Example, New York Post, one of the biggest supporters of the president and the president going to war with Iran.

Yeah, they're lead editorial yesterday. Trump's advisors are letting Taran play him for a sucker. That's the headline. Yeah, the United States must of necessity respond to this attack, President Donald Trump

announced Tuesday of Iran's shootdown of a U.S. Apache attack chopper over the straight of Hormuz, central command soon launched, quote, "Proportional strikes." Which don't sound like enough.

or Iran will keep trying to play him for a sucker.

“As it has every president going back to Jimmy Carter,”

consider Trump told the press just hours before the attack were very close to having a very, very, very good, strong, powerful deal. Well, a country that's very close to sealing a deal and good faith doesn't escalate against its negotiating

partner. This leaves us wondering which presidential advisors are leading him down this garden path to likely humiliation. By the way, I don't know if that necessarily is true.

Well, ultimately, he's a manager.

He's a commander like Chief, yeah. He makes the call. By one count, he has said nearly there for a peace accord 38 times since he announced that almost all of the points of contention

have been agreed to and that a two-week period

“should allow the deal to be consummated.”

We're now 10 weeks into the two-week period and everything is going backwards. Like I said, a customs and negotiation back then, those final issues were setting verifiable procedures for the end of Iran's new program

and two securing permanent free passage through the straight of Hormuz with any benefits to Iran beyond the end of the U.S. Israeli bombing to come later. Now, suddenly, getting to the deal, somehow his Washington telling Jerusalem,

it can't respond to Hezbollah's missile attacks out of Lebanon. Bare minimum, Trump's public bragging about ordering Israel around sure makes it look like he's appeasing Iran's outrageous demands. It's what the Iranians do.

Claim they could give us what we want,

“stall on actually delivering it, in this case,”

on any way to hold them to a non-news promise

by never giving an inch unless they take it back a day

or three later, meanwhile, journeying up side issues and manipulating the other side into delivering an advance on those demands in the foolish belief that a final deal will then be possible.

Trump's negotiators are failing the same or falling into the same old trap as Carter and Barack Obama. They are telling him the blockade will force a regime to bend, sorry, Iran's leaders

are perfectly willing to let the people suffer. Heck, they proved in January that those slaughter civilians in the street, the elites keep on living the high life just as they do in impoverished North Korea.

A signed Trump is getting terrible advice is his assertion Monday night that if we spend another two to three weeks bombing, they'll have nothing left whatsoever, but then you won't leave the straight open for months.

How is that? And why is just reopening the straight not a legitimate military aim to take away the regime's leverage? Why is this the stone ages or bust?

We the American people deserve an explanation. We flattened Iran's air force and sunk its navy, our forces have since then repeatedly shown, they can take out any Iranian site that launches missiles or drones.

The enemy is playing diplomatic rope but don't with you, Mr. President. Quick, these fake talks open up the straight and leave them to rock. - What are you really trying to say here?

- No, I mean, that was basically my thoughts yesterday.

- And do the deed. - And when they called it the attack, unjustified on the helicopter. You know, that and then proportion or response, I went, what the hell's going on?

- Well, proportional response, no. We tower over them with our forces and our ability. Get the job done, complete the mission. He's losing, well, this is the problem. - He's losing his absolute conservative base

and for what? - Well, because if you're worried about the middle for November, well, now you're losing your base on this issue, that's a problem.

that Iran is going to be taken care of

“because quite frankly, after we bombed their nuclear site”

and then after we bombed the leadership of Iran and took out the Iotola. It told me that my confidence in him as Commander and Chief was spot on. Now that confidence is waning,

I don't want that to happen.

This is critical that we finished the job

because if we don't take care of Iran now, it'll never be done. It will never be done. With the exception of a Marco Rubio getting into office and becoming president one day, maybe.

- Yeah, and that's a, that's a, maybe. - So I don't, you know, those I, - But you're, I gotta get it done. But he's losing, he's losing confidence and yesterday to me was the ultimate

'cause when I saw, and then later on is when I saw the, the, the, the, the near post editorial, and it's like, whoa. Wall Street Journal editorial page also hit him extremely hard as did national review.

Now he criticizes all of those,

“public, publications at times, but the fact is,”

they have supported him. They've supported him to Russia collusion on the legal basis of what the Democrats were doing and finding out the truth and they supported him on the Iran war. There are other places they've disagreed with him,

like just like we do, but they're the ones that have truly supported him

on the critical issues of his presidency.

And this is another one where they've supported him on it and nobody is any idea. And you go on social media. You look at the typical, you know, Trump cheerleading influencers that cheerlead everything that he does.

There's no cheerleading over this at all. None, zero, it doesn't exist. He is losing his base, his conservative base in the Republican Party over this. - Yeah.

- Yeah. And so the question is, again, can you keep eroding away the support politically because ultimately what does that mean? Are you not going to complete the mission? Because if the support is gone and it cost you

the election at the midterm, your party, then then what?

You have several weeks between election day

and the time that the new Congress has seated, well, to get things done, I mean, there are things he can do beyond that, but funding is going to dry up if Democrats have any say so about it.

- You know, and things got so bizarre, I asked you, I said, is this just a role plane? I mean, is this just good cop, bad cop? I mean, you know, what? Because none of this makes any type of sense.

He is confusing his own base going, what's he doing? What's the purpose of doing this? We all know Iran's line, everyone knows Iran's line. - They're not interested. - And it's like, everybody knows Iran is lying

in the presidents out there pretending that they're not. - Well, and again, repeating that we're close to a deal. - Yeah, 38 times. - If they counted, it was like, it's not even crying, Wolf anymore.

- No. - So, that's the problem. Politically now, you're doing more damage

“than going in and finishing the mission, I believe.”

Same with, yeah, I agree with you. - Because your base now is involved, and you've lost your base on this. You're quickly losing them if you haven't lost most of them already.

I want the GOP to win in November because I want him to be able to finish his agenda. But something has to be done about Iran and repeating that, "Oh, we're talking, we're talking. "Hey, we're talking, we're close, we're close.

"Best deal ever is not getting it." "Do the mission, do the deed." - And you know, and frankly, two things have to happen. We have to have their uranium and the regime has to be gone. - Well, what you see is, though, again, the president,

we're very, very close. Let me attack Israel, and then they come back and attack the president, 'cause they know it makes him look foolish, and he loses credibility within his own country.

Is the White House that stupid where they don't see that? - Yeah. - And so, stop blaming the New York Post. Stop blaming his advisors.

He's commander-in-chief, it's his job. - He stops there. - He makes the call.

- And meanwhile, we're talking ball rooms,

“and rallies, and next games, who the hell cares?”

- No, this is critical that you get this done.

If we don't, it won't happen in our lifetime. - We are Red Eye Radio. - We'll be right back with more Red Eye Radio with every currently and Gary McNamara. (upbeat music)

“- We are Red Eye Radio, and he's currently”

and I'm Gary McNamara. So, the big story of the night though, is Platner gets almost 73% of the Democrats' votes in Maine.

So, if you thought for any second

that all of this publicity would lessen the enthusiasm of Democrats to vote for a communist slash Nazi,

“somebody who's just torn it in between being Hitler”

or Stalin just can't figure out which one he wants to be, the enthusiasm is there, and it's their big time. It's where the Democratic Party is-- - Look, I mean, you're, look, he, in terms of numbers crushed it.

- Yeah. - With everything, remember the media, the liberal activist media turned on him over the last couple of weeks,

basically going into the home stretch here,

and everyone was wondering, oh, could there be a protest vote or could he even drop out or something, nope, with these numbers? He has a clear mandate, given to him by the people of Maine.

(upbeat music) This is Riddai Radio. On Westwood One.