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The Hartmann Report

LABOR FROM THE POINT OF VIEW OF LABOR

The Hartmann Report

Thom Hartmann

Congress, Economics, Climate Change, The Hartmann Report, Debate, Democracy, America, Thom Hartmann, News

4.41.2K Ratings

🗓️ 7 September 2020

⏱️ 58 minutes

🧾️ Download transcript

Summary

LABOR FROM THE POINT OF VIEW OF LABOR

Professor Richard Wolff looks at the big picture of our economic system- why have American wages stopped rising for most people? Then, Thom debates libertarian author Charles Sauer on the merits of public versus private unemployment insurance. And- will Trump succeed in starving Social Security out with the payroll tax cut he's promised to make permanent if he's re-elected?

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Transcript

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0:00.0

This is the Tom Hartman program.

0:15.0

Well, greetings here from Sheltered in place.

0:20.0

Tom Hartman here in my home in Portland, Oregon.

0:23.2

This is by Tommy Christopher.

0:24.6

Used to be a regular on our show in DC,

0:26.9

mediaite.com.

0:28.6

Tommy writes for mediaite.

0:30.1

Joe Biden was being interviewed by Channel 6, this is in Florida, I believe in Tallahassee,

0:37.0

Channel 6 news anchor Ginger Gadsden.

0:40.0

This is what he said. I mean you have a president of the United States that just

0:45.3

introduced a proposal to wipe out Social Security. The head of the actuarial

0:51.0

of the Department of Social Security said that if his plan

0:54.4

for Social Security trumps goes forward the entire fund will be depleted by the

0:59.8

middle of 2023 and then the article that Tommy Christopher wrote goes on to say

1:05.0

last week Social Security Chief Actuary Stephen Goss. This is just a

1:10.3

guy who runs the actuary department, the one that calculates how much money

1:15.1

we've gotten, how long it's going to last basically. Stephen Gus sent a letter

1:19.6

to Congress saying that under Trump's plan, if there were no other changes to the current

1:25.4

law, if they just did what Trump said, quote, the Social Security Trust Fund

1:30.4

would become permanently depleted by the middle of calendar year

1:33.6

2023 and the disability fund would become permanently depleted in the

1:39.2

middle of calendar year 2021 with no ability to pay disability benefits thereafter.

...

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