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(Updated) After Trump Sounds Off on Zacharia's Future Come Reports That She's 'Transitioning Out'
Interior Restores Alaska-Specific Rules for National Parks
Nick Freitas: Social Security is a ‘Ponzi scheme’ — and America is running out of time
Millions of Americans have spent their working lives paying into Social Security, counting on the government to deliver the retirement benefits they were promised — and that promise isn’t being kept.
BlazeTV host Nick Freitas argues that it’s because Social Security operates less like a traditional retirement account than a system that uses today’s workers’ contributions to pay today’s retirees, leaving future generations to shoulder an increasingly difficult burden.
“There’s been a lot of … Boomers that have said, ‘Well, of course, we, you know, younger people should pay more taxes in order to make sure Social Security is solvent,’” Freitas says.
“Social Security,” Freitas says, “essentially operates like a Ponzi scheme.”
“Now, when I say this, people get mad at me. But I want you to understand why these are the things which are actually going to throw us into a massive fiscal and monetary crisis, because when people paid in, it is perfectly reasonable for somebody that was forced to pay into Social Security their entire life to want to be able to pull from Social Security because they were promised it,” he explains.
“The problem is you were promised a bad program,” he says, “because in a typical retirement program, the money goes into a productive industry. It accrues interest while things are being built and being produced that are actually making the economy better.”
“They act like it’s just another retirement program, but in reality, all the money you put into Social Security was already spent,” he continues.
“It wasn’t sitting somewhere accruing interest. It wasn’t funding productive projects that actually yielded profit. It wasn’t doing any of that. It wasn't doing any of the things a private retirement fund would do for you. It was just paying the people that were already collecting Social Security,” he adds.
This is why he equates it to a “Ponzi scheme.”
“Because now the critical part is we don’t have enough people working. When Social Security was first put into existence, there was something like 45 workers for every one person drawing Social Security,” he explains, noting that “it’s about to be three to one.”
And in addition, Freitas points out that “the left brings in a bunch of people that don’t pay taxes or actually go on to other welfare benefits.”
“Now they’re a net drain on the economy,” he adds.
“Making the Argument with Nick Freitas” is available on BlazeTV+, YouTube, and major podcast platforms.
Start watching Nick Freitas NOW at blazetv.com and use the promo code NICK for $20 off your BlazeTV+ subscription.
VIDEO: Semi Truck Hauling Hydrochloric Acid Overturns on Illinois Roadway
Commuters in McHenry County, Illinois, experienced a traffic headache early Friday when a semi truck carrying hydrochloric acid flipped onto its side.
The post VIDEO: Semi Truck Hauling Hydrochloric Acid Overturns on Illinois Roadway appeared first on Breitbart.
Ivy League-educated pediatrician allegedly murdered by husband who then set home on fire: police
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Democrat Governor Who Bragged About Stopping Pipelines Now Says ‘We Need More Gas’
Exclusive — Sen. Tim Scott Exposes Democrats’ Senate Weakness: They Want to 'Change the Very DNA' of What it Means to Be American
The Democrats' Senate candidates are wrought with problems, from alignments with the Democratic Socialists of America (DSA) to cousin problems – Sen. Tim Scott (R-SC) said during an appearance on The Alex Marlow Show.
The post Exclusive — Sen. Tim Scott Exposes Democrats’ Senate Weakness: They Want to ‘Change the Very DNA’ of What it Means to Be American appeared first on Breitbart.
Newly Declassified Records Raise Serious Questions About Star Trump Impeachment Witness
I lost half my right lung to cancer. Pope Leo's diagnosis gives me hope
MEAN GIRLS: 'View' crew preaches girl power ... unless you're Republican
“The View” crew blew a gasket over Shane Gillis’ “Saturday Night Live” monologue mocking scantily clad gym gals. At the same time, they dabbled in actual misogyny.
Even by “View” standards, it was peak hypocrisy.
Biden, the actor said weeks before the president melted down during his final debate, was 'sharp as a tack.'
The hosts trashed Katie Zacharia, who by most accounts had a rough debut as the new press secretary. She’s a Republican, so she’s fair game to “The View.” And that’s fine. We expect the show’s partisanship to trump any “girl power” collegiality.
It’s baked into the nutty cake.
Except the hosts suggested that Zacharia slept her way into the position. Co-host Alyssa Farrah Griffin asked how she “got through the door” to become the new press secretary.
“I’ll tell ya how she got through the door,” Sara Haines said, sparking laughs from the oh-so-feminist crowd and co-hosts.
Titter-titter. Chuckle-chuckle. What’s more empowering than women insisting other women got work through sexual favors sans proof? Let’s hope Gillis doesn’t riff on Kamala Harris’ early days in politics. He might get canceled yet again …
Conspiracy blearyThe truth is out there, but you’ll need a Hulu subscription to find it.
Director Ryan Coogler’s “X-Files” reboot landed on the streamer this week. The project stars Danielle Deadwyler and Himesh Patel, taking over for Gillian Anderson and David Duchovny. The actors play entirely new characters in the series, but it looks like Mulder and Scully will make appearances along the way.
Imagine the new conspiracies the show can tackle! The government spreads massive lies about a China-born infection … a foreign country teams with a political rebel to win an election … a U.S. president’s cognitive decline is hidden for four straight years.
Or the show could bring in the son of the Smoking Man. We’ll see …
Did he stutter?Well, that was awkward.
Michael Douglas has done it all in his 82 years, at least from a Hollywood perspective. Oscars. Acclaim. Nepo baby-ism. What a life.
What hasn’t he done? Sit with someone willing to debunk his boilerplate Democrat views. He got that chance, finally, when Joe Rogan read him, and his audience, the riot act on progressives gone wild.
An open border? No honest primaries for year after year? And, most specifically, they covered up for a president who clearly had some form of dementia.
You know the thing.
Rogan was on a roll, but the most awkward element of their exchange dealt with Biden’s obvious decline. Why? It wasn’t long ago when Douglas was part of the Biden cover-up.
Biden, the actor said weeks before the president melted down during his final debate, was “sharp as a tack.” Douglas even cited Biden’s “stutter” excuse that mysteriously appeared over the past few years after decades in D.C.
Douglas appears to be legitimately “sharp as a tack,” thank goodness. Let’s hope he took away some lessons from the exchange …
RELATED: Shattered by socialism: 'Escaping Venezuela' offers a warning for Mamdani's America
Yamil Lage/Getty Images
Laugh trackChuck Lorre blames a Hollywood writers' strike for the end of democracy.
Sort of.
He framed it that way in his new book, a memoir called “Sitcom.” After all, Lorre has made more than a few modern classics, from “The Big Bang Theory” to “Two and a Half Men.”
Credit where credit is due.
The far-Left Deadline.com pressed Lorre on that hyperbolic phrasing, tied to the 2007-2008 WGA strike that helped spark a crush of new reality showcases.
Like “The Apprentice,” starring Donald Trump, he insinuated. Except Lorre might be bad at math, since “The Apprentice” debuted in 2004.
The strike, he said, “brought about these enormously profitable, cheap-to-produce reality shows … and that ultimately led to a show like 'The Apprentice,' which probably would never have seen the light of day had it not been for that.”
Who knew a reality show could end the greatest nation on earth?
Either way, Lorre could ask Young Sheldon for help on his math skills …
Air ballWhat the world doesn’t need is another John Oliver. One is one too many, culturally speaking. But former NBA star Blake Griffin sees the far-left HBO host as a model, of sorts, for his new sports-themed late-night show.
“The Stepback with Blake Griffin” soon bows on Amazon and YouTube, with Griffin hailing Oliver as his role model.
The funniest part? Someone thinking late-night TV is the future and itching for a seat at the table.
Kansas Democrat Adam Hamilton Backed Obama Clemency Expansion Before Recipients Faced Murder, Cocaine, Fentanyl Cases
Kansas Democrat Senate nominee Adam Hamilton served on a Barack Obama advisory council that recommended expanding eligibility for presidential commutations and pardons and considering targeted categorical grants of commutations and pardons, years before several people whose sentences Obama commuted faced new criminal cases involving murder, oxycodone pills containing fentanyl, and cocaine intended for sale.
The post Kansas Democrat Adam Hamilton Backed Obama Clemency Expansion Before Recipients Faced Murder, Cocaine, Fentanyl Cases appeared first on Breitbart.
Vance: Anyone 'Selling Access' to White House Should 'Suffer Consequences'
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Rally planned to support Washington girls who refused to race against transgender teammate in cross country
PHOTOS -- Nevada: Illegal Alien Charged with Hauling Enough Fentanyl to Kill Millions
Authorities in Nevada arrested an illegal alien they said was caught with enough fentanyl in his vehicle to kill millions of people.
The post PHOTOS — Nevada: Illegal Alien Charged with Hauling Enough Fentanyl to Kill Millions appeared first on Breitbart.