and where will the social security fund take them, this money will be used for non-insurance paymentsexample, if a working woman went on maternity leave. this is an insured event for the fund. the employer paid 6% of the amount of her earnings to the social security fund in order to guarantee the payment of the decree, but the unemployed are young. mothers from belarus receive the same maternity leave as working women. although no one contributed anything to the fund for them, the second example is elderly people who for years did not work anywhere and the state also does not quit after reaching 65 years. they receive a social pension. it is lower than the labor one, but it exists and pays it regularly, and non-working mothers and pensioners without seniority receive payments from the federal tax, but the fund takes money for them not from contributions, but from the budget, that is, their content is compensated by the state, therefore the amount spent by the federal law comes out more contribution amounts. why is this state? because our country is not for the head of business, but fo

social security fund. can get an extract from of your personal account, you need to carry your passport with you. insurance certificate the same green card in the statement will indicate where and when the person worked. how much did i earn and how much went towards pension payments, this data can be obtained on paper and put in a closet for peace of mind . on the main page, the territorial bodies of the fund will be written under the tab entry with the name of the regions, click on your map with locations. look for what to it is closer to you that an extract will be issued at any branch of the country's efz in some kind of your own it is not necessary to go. there are so many of them for the convenience of citizens, and not to tie people to specific areas. this is for those who want a piece of paper, belarusians who are comfortable in the digital world can get the same information through a single portal of electronic services, but this will only be possible for people who have issued an electronic digita

the social security fund maintains a database of all those who officially work , receive a social insurancehands, that same green card and deduct the vfz, monthly payments are made by the person himself or an accountant at his work. never mind. a lot has changed in these 20 years the system corrected information about belarusians. it made it more detailed about obtaining data, simplified the system of personalized accounting, created so that data on a person’s long-term work would not disappear and be available to him at the stage of life after perestroika and the collapse of the union, many could not prove that they earned a pension in the late eighties and early in the 1990s , one-night-stands didn't bother with employees. people were often forced to combine the work of a bouncer and a music teacher or a taxi driver and a nuclear worker. they thought about how to feed a family, and not how to secure an entry in the work book after perestroika, behind the enthusiastic expectation of change , there was a feeling that our train was rushing to hell and many generally stopped believing that th

social security fund. there you can take an extract from your personal account with you; you need to carry your passport and insurance certificate. oh, the green card in the statement will indicate where and when the person worked. how much did you earn. and how much went towards pension payments, this data can be obtained on paper and put in a closet for peace of mind; you can find out where the nearest departments of the federal law are located on the site ccv.gov.by on the main page , the territorial bodies of the fund will be written under the tab entry with the names of the regions, click a map with locations will appear on your own. look for something that is closer to you, it is important that an extract will be issued at any branch of the fz in the country , it is not necessary to go to one of your own. there are so many of them for the convenience of citizens, and not to tie people to specific areas. this is for those who want a piece of paper, belarusians who are comfortable in the digital world

caller: ed o'donnell, a means test for social security recipients could help stabilize social security funds father was a doctor, my mother a nurse, real estate agent. they could have withstood a modest decrease in their social security checks because they had a lot of money. a means test is something we ought to look at because the financial stability of the united states is very weak at this moment. host: to bladensburg, up next on the under 65 line. matt, go ahead. caller: i wanted to clarify, there are so many people, including politicians who don't acknowledge this even though they know it is true. i am one, that is why i clarified, i am under 65 but i get social security. i get it because i am on disability. i pity the individual who would begrudge his mother about getting social security. because of how much she put in the system. i became disabled when i was 30. i had no control over that. this is what the right doesn't seem to understand people don't have much control over when they have a sudden action, they think they are immune to this. the other thing is, the woman who called in

drawn on to pay the benefits ofno retired workers and if congresskn does nothing in the social security trust fundrun out when that happens it does mean that congress does nothing that all benefits are cut by 20 percent and because social security benefits are modest to start cut of 20 percent is a big deal causing a lot of hardship especially for those who don't have other sources of income. there is a need to close the funding shortfall. one of the proposals is to raise the full retirement age it's going up from 65 to 67 if raised at 70 which is a proposal that would essentially be a cut and benefitsts of about 20 percent across-the-board i didn't realize that arise of a full retirement age is equivalent to a 20 percent cut of lifetime benefits and that's not a big deal if they can differ retirement for another three years to keep their monthly the same as it was before but that goes back to the question butto is that realistic to ask people to work until 70? and in a lot of cases that's not feasible or desirable for individuals to work that long. cutting benefits by raising retirement age would

was raised to 13%, because it was necessary to support the economy in a pandemic, but the social security fundey pay 35%, like all belarusians, but there is no amount of the real salary of an employee, and the amounts are average salaries in the country, for example, a programmer who works for a htp resident receives 5,000 rubles. per month, but 35% he pays social security for him the amount of 1600 rubles. because it's average at the moment salary is the main cost of it, areas - it's just salaries they pull 80% of the company's expenses and savings on deductions from them - this is a huge plus financially. for those who are engaged in such business, yes to the state. it's profitable. in the first quarter of 2022, htp residents contributed more deductions to the treasury than the entire banking sector in 2021. they paid 730 million rubles. as taxes and contributions, the export of the high-tech park brought the state three billion 200 million dollars and amounted to almost 5% of the country's gdp, a third of all services in general, which are bought abroad in belarus are computer services and

social security. they are not going to pick my social security. but the government changes social security. only 90% or so is paid for through the social security fund right now, and it is getting worse. so we've got to make some changes. we got 2.5 million millionaires out there. we've got 47,000 of them drawing social security. social security was designed as social security for the lower income, the women that never worked in the force. but now we've got 47 millionaires, we got president biden. he's making $200,000 per year. and then his wife, 55 thousand dollars out of the social security fund every year. you can get that over 65 qualified congressmen and senators and millionaires drawing from that fund. host: as far as changes in your mind, i guess a basis on how much a person makes determines how much they would get in social security? caller: they would have to raise the limit for people paying. the democrats keep saying the republicans are going to take it. they've done that every election cycle. neither party is going to touch that program, but it is going to go broke. if we go into a recession, is that of 90% coming in to pay the recipient

svetlana lukyanuk asked the social security fund. on october 1, 2022, a new funded additional pension mechanism was launched, in your opinion, three months have already passed. is it interesting for the belarusians, has this mechanism been implemented at all? good evening after three months. it can be said that the mechanism is successful as of today. this is more than 9.210 contracts concluded, of course, prevail. uh, our program participants are women. there are more than 65% of them. of course, we are waiting for active participation on the part of men, about 72% of our citizens who have joined this the program was chosen by the tariff 3 + 3 common people. in general, we call this program yes , the three plus three program, if we talk about the activity of the regions, then the most active in our country is the city of minsk and the minsk region, but i think that this, of course, is no accident, because we have wages in this crystalline region and the city of minsk is much more than. in all the rest yes, and in general, it seems t

pays afzn for illness or reasons for receiving benefits - these are insured events for the social security fund, in which the employer deducts money for the employee every month, because the employer simply saves a place for the employee during the illness of the employee. standard labor vacation in belarus is 24 days. this is spelled out in the labor code, article 155, but there are categories of workers who are entitled to a longer rest. these are people who work in dangerous and harmful conditions or work irregular hours, in addition, additional vacation days can be given for seniority, or as incentives from the company, all these issues are regulated by the employers themselves, the terms of contracts , collective agreements or government decrees to split vacations with permission employer can have many parts, but one of they should not be shorter, 14 days should not let a person rest at all even once in 12 months. the employer cannot, this does not fit into the labor legislation in belarus but do not let go when the employee wants to have full schedules from for a year in large organizatio

employees, which is important, the tax already includes contributions to the future pension of the social security fund and what is convenient interaction with tax authorities remotely through a special mobile application prof-income. simply for the payer, transparently for the tax benefit for all, more than eight and a half million are reflected in revenue and about 60,000. the check has been broken. so this is the system. on the one hand, it is simple e, for the payer on the other hand. it is very transparent in terms of analysis of admission control and registration of subjects. an example of digitalization of accounting for control and payment of taxes. however, the ministry of taxes and taxes is instructed to ensure full digitalization and control in the ministry is announced to this end plans to lead. new cash register equipment to collect information about labeled goods and transfer it to the tax office, this, among other things, will help in the fight against counterfeiting, new cash desks, olga onishchenko and andrey grabov, a sphere of interest, intend to introduce throughout the country befo

svetlana lukyanuk asked the social security fund about this. from october 1, 2022, a new funded additional pension mechanism has been launched, in your opinion. it's been 3 months already. is it interesting for the belarusians, has this mechanism been implemented at all? good evening, following the results of three months, we can say that the mechanism is a success as of today. it's more than 9.210 contracts concluded, of course, prevail. uh, we have more than 65% of the participants in the program, this is women. of course, we are waiting for active participation from the side of men, about 72% of our citizens who joined this program chose the 3 + 3 tariff, it’s just the people that we are and the program. in general, we call yes the three plus three program, if we talk about the activity of the region, then the most active in our country is the city of minsk, the minsk region, but i think that this, of course, is not without reason, because we have wages in this near the capital region and in the city of minsk much more than. in all the rest

earnings, on which compulsory insurance is accrued contributions and the budget was paid the social security funds paid for pension insurance today, one of them is withheld from the salary of the employee himself plus for social insurance six percent is also charged and paid out by the social protection fund , which is the basis for the payment of the whole complex. the allowance for benefits such as the temporary disability allowance for pregnancy and childbirth is a complex of family benefits with a lump sum. this is in connection with the birth of a child. uh, childcare allowance to reach their 3rd year. well, many other benefits, and all this information that accumulates on a personal account is the basis for the payment of both pensions and benefits. say for today. here is how to open such a personal account, of course, it is important. and how many accounts are already operating to work in belarus is open today upon admission to the first place of work. an individual personal account is opened for each citizen today . over the course of 20 years , 8 million oe 300,000 individual personal ac

years a trust fund wasn't built up of the surplus contributions for many years, that has been drawn on in order to pay the benefits owed to retire workers. early to mid 30s social security trust fund will run out. when that happens it does not mean social security is not going to exist anymore. that does mean if congress does nothing all benefits will be cut by about 20%. and because social security benefits start out with a cut of 20% is a big deal and will a lot of hardship. especially for people who don't have other sources of retirement income. >> is a need to close this funding shortfall. in different ways to do this. one of the proposals is to raise the retirement age. which as we said it's going up from 65 -- 67. as a full retirement age were raised to 70 which is one of the proposals that would essentially of about 20% across the board pretty think a lot of people don't realize that. i did it when we started this research. a rise in full retirement age from 67, 70 is equivalent to a 20% cutsuc in lifetime benefits. that might not be such a big deal if people aree able to der retirement for the two years to keep their monthly retirement e benefits the same as it

what level of wages , respectively, will be formed income of the social security fund, but at the samee in the budget background. yes, we have planned that 18.8 billion rubles will be allocated this year. only for the payment of pensions, and in this amount only for raising pensions, 2.5 billion rubles will be allocated. so, of course, pension. they will grow last year since october 1, such a new mechanism for us has been put into operation. voluntary funded pension it's been 3 months a little more. here's how you rate it. has this program gone? is she interesting to a belarusian? that's how many people have already concluded today. here are those the very contracts of 11,000 contracts that have already been concluded today, of course, basically everyone chooses three plus three who, again, we have women leaders. which regions is the city of minsk, minsk region, choose the payment period at the conclusion of the contract. he can be either after retirement within five or within 10 years in most cases he chooses within five years of further receipt of this additional pension. and, of cou

was raised to 13%, because it was necessary to support the economy in a pandemic, and the social security fund. they pay 35%, like all belarusians, but not the amount of an employee's real salary, but the average salary in the country, for example, a programmer who works for a htp resident receives 5,000 rubles. per month, but 35% he pays for social security the amount of 1600 rubles. because at the moment this is the average salary, the main costs of it, the spheres are just the salaries they pull 80% company expenses savings on deductions from them this is a huge plus in the financial balance for those who are engaged in such a business, yes, it is beneficial for the state. in the first quarter of 2022, htp residents put more deductions into the treasury than the entire banking sector in 2021, they paid 730 million rubles. as taxes and contributions, the export of the high -tech park brought the state three billion 200 million dollars and amounted to almost 5% of the country's gdp , a third of all services that are bought from belarus abroad - these are computer services and software provisi

there are growing concerns that social security funds will run out as more and more baby boomers retire. what's called the old age and survivors insurance trust fund could be out of cash by the year 2033. the disability insurance trust fund could run dry by 2048, forcing full retirement payments to change. the congressional budget office says there aren't enough people entering the workforce to replace all those retiring, advising payroll taxes be increased 5% to keep social security funded three year 2096. survey says only about half of adults in the united states know how to perform cpr ever since buffalo bill safety tamar hamlin collapsed on the field during monday night football three weeks ago and was saved by chest compressions. there's been growing interest in cpr training , the new poll says. half of americans aren't prepared for a similar medical emergency. fewer than 30% say they know how to use an automatic defibrillator. only 75% say they're confident they can communicate with the 911 operator. our time now, 7 26, a farm group wants the federal government to look into the ri

, let us explain how it works, for each citizen working on the territory of belarus in the social security fundual personal account is opened, there is all the information about the periods of labor activity and monthly earnings. that is, everything that is needed in order to calculate its size in the future when assigning a pension, all this happens automatically; it is not necessary to confirm the length of service or earnings through any certificates or work books. even if the citizen worked conditionally, at least one day since 2003. we will ask yulia berdnikova, manager of the social protection fund of the ministry of labor and social protection, about the convenience of the system of its existing and new instruments, as well as how protected this information is on our individual personal accounts. in january, 20 years since such a new mechanism was introduced, this is a system of individual or personalized accounting, it should probably be said right away that after all , this accounting gives us all, and you in particular today for every working citizen in the system personalized account

benefits owed to retired workers and if congress does nothing, in the early to mid-2030s the social security trust fund will run out. when that happens it doesn't mean social security is not going to exist anymore but it does mean if congress does nothing, all benefits will be cut by about 20% and because social security benefits are modest to start out with, it cut of 20% is a big deal and will cause a lot of hardship especially for people who don't have other sources of retirement income. >> there's a need to close this funding shortfall and there are various proposals and different ways to do this. one of the proposals is to raise the retirement age which as we said it is going up from 65 to 67, if the full retirement age were raise to 70 which is one of the proposals, that would essentially be a cut in benefits of about 20% across-the-board. i think a lot of people don't realize that. i didn't when we started this research, the a rise in the full retirement age from 67 to 70 is equivalent to a 20% cut in lifetime benefits. that might not be such a big deal if people are able to defer retirement for

the social security fund maintains personalized records.is in a common database from next year. sick leave payments are also expected quickly, and a new mobile application will be launched by the end of january, we will talk about this with the manager of the social security fund population. yulenka nikolaevna hello , in january it was 20 years since such a new mechanism was introduced - this is a system of individual or personalized accounting, probably, it should be said right away that after all this accounting gives us all, and you in particular today for every working citizen in the personalized accounting system an individual personal account is opened, which, throughout his entire career, is replenished with information about the period of his work, as well as the amount of earnings, on which mandatory insurance premiums are accrued and the budget of the foundation of social protection of the population was paid, as we know. today, 29% is paid for pension insurance, one of them is withheld from the salary of the employee himself, plu

in power in washingtonon and the priorities they have in terms of how they would like to social security fundedor not funded. >> this conversation is leading into one of my favorite parts, i have multiple favorites but the final chapter or you lay out policy proposals inspired by your finding in the rest of the book. a couple of buckets of policies, the first one or policies that help provide a secure retirement for all megan's and i think everything you said social security is issued for that besides storing up social security, or that otherug polics you ought to consider that would fall into this bucket? >> i think what we came to as we wrote the book, my co- editor and i as we thought about take these new things we've learned through these chapters what is fantastic interdisciplinary group of authors has come up with, who got the economists, sociologists and epidemiologists and psychologists and industriai organizations, different perspectives we were able to come up withit as we went throuh thisha book, where does that lee blus in terms of what we are gog to do about the problem? it's reall

there are growing concerns that social security funds will run out as more and more baby boomers retire what's called the old age and survivors insurance trust fund could be out of cash by the year 2033. the disability insurance trust fund could run dry by 2048, forcing full retirement payouts to change. the congressional budget office says there aren't enough people entering the workforce to replace all those retiring. advising payroll taxes to be increased 5% to keep social security funded through 2096 farm group wants the federal government to look into the sky high price of eggs. price of eggs jumped 138% in year over year december, $24.25 a dozen nationwide of course we here in the bay area, paying a whole lot more than that. some top egg producers say that bird flu outbreaks are causing shortages leading to high prices. farm action wants the federal trade commission to examine top egg companies for possible sides of price gouging, saying something up companies could be taking advantage of the shortage. report says california wine will likely cost more this year the latest state of

both contribute this same amount of money into the social security trust funds. t that cap, as our legislation -- at $250, 000, you will have social security sole vents for the next 75 years. that solves the problem entirely, and raises benefits for low income seniors. that's the -- that were waging. and we're going to introduce that legislation this week. >> tell me what that looks like in this house. i know you're not in the house, but we have seen a house where most of the priorities right now, from kevin mccarthy's crew, our investigations. except for the social security matter, which would possibly lead to not raising the debt ceiling, which will lead to possibly a government shutdown, increase borrowing costs. no one's actually working on a fix for this right now. when you say you're going to propose, and how might that actually work, and become -- >> we are working on effects, absolutely. look, it is true that we should be concerned about the solvency of social security. our legislation says that the wealthiest people in this country are no longer going to

e instead of two social funds of the pension fund of the russian federation and the social insurance fund, there is a single social fund, that is, a pension fund. and the social securityunited there was difficult, uh, for whom it's good state. i think it’s good for the state, because despite the fact that they will now exist for some time in parallel, but still this is a reduction resources from administration. well, it seems to me that for pensioners this is not bad, because it will all be, in principle, a one -stop shop, because there will be no functions, of course, functions. no, they also combined the fraction , because we really have a lot of older people here . well, and all those who receive, maybe some kind of social pension payments. uh, they used to have to contact their pension fund. absolutely what let's immediately decide before, uh, the official pre-retirement age 5 years before retirement now. it's hard to say how much because we now have a phased retirement, so 5 years before retirement before retirement. let's say televisually. it's there 55-65 years. yes, yes, you can say excellent. further, a significant change will also take place, uh, which will

have you heard the latest, the congressional budget office now says that social security trust fund couldcompletely exhalfed, i.e., out of cash, ten years if republicans and democrats don't do something big and fast and soon. something like ronald reagan and tip o'neill did 40 years ago. amazing what politicians can do when they put the politics aside. welcome, everybody, glad to have you. i'm neil cavuto. even with some nasty emails you've been sending i encourage you to keep sending them. we'll share some doozies in just a moment. more on that later. the real worries over real estate. they're compounding, four key cities where they're expected to fall 25% or more. kelly o'grady has more from california. kelly? >> reporter: that's right, neil. we're seeing more signs the housing market is cooling quickly. goldman sachs expects home prices to decline as interest rates continue to skyrocket with some cities facing catastrophic dips. unfortunately for me they're all on the west coast. goldman is predicting in 2023, san jose, san diego, both in california, phoenix, arizona, austin, texas, th

s. government issues a lot of debt to social security funds the like which are are effectively non marketable and they're off balance sheet. it can effectively borrow from them for 6 to 8 months. it's a very serious situation, but i wouldn't say that any kind of default would be imminent. we have plenty of time in order to solve this. so we break ourselves at the end of the well to the partisan wrangler. what are the republicans want and, and how compromise be reached? it will have to be reached eventually. the difficulty right now is that this is not just a battle between the republicans and democrats, but it's also a battle within the democratic, excuse me, within the republican party. largely because of the long battle in order for kevin mccarthy to be nominated as how speaker he was required to give some concessions to some of the independent mining congressmen and they are the ones that are holding out against the republican party. so it's not just the typical republican versus democratic struggle bill, but what is it on the whole that the republicans want? well, what they want is some c

. >> the thing he said there that is true is the date. 2035 is the year social security trustees say that it's trust fundsgain, social security is not and will not be bankrupt. this is the part where i ask you to take out your phones and hit record so you can tell a friend or your fox viewing uncle the facts. get your phones out. here we go. social security pays benefits to people who paid in. by that texting you see on your paycheck. they pay that from two sources. a massive trust fund that builds up over time and from current payroll taxes. even if the trust fund is depleted, money is still coming in, and as long as people are working and paying payroll taxes, money coming in means benefits will be paid out, even after 2035. hopefully that clears that up. congressman donalds made a case for something conservative and libertarian -- have wanted for a really long time. >> you are in favor of privatizing social security. but you just argued for it. >> no, i'm not in favor of it. >> if a bill came forward to privatize social security you would vote for it? >> no. >> then it's a moot point. you just explaine

rate has risen and it will be necessary to pay more, but the person will not have to pay the social security fundt need to consult professional accountants, and he is thus . as a matter of fact, reduced costs he will not have to go to the tax authority. it will only tag your mobile app, so it doesn't mean that there is no pay. he pays only through a single tax pay. need this is our light-duty service. yes, moreover, he clearly understands that if he is incorrectly calculated tax payment. he is not responsible for this. responsible for this. the one who developed this mobile application. yes, it could be, uh, perfect. i would like to add. why today let's just say that today is an unusual situation. and we see what is happening on the southern border, and we see what he said today. here yesterday or the day before yesterday mini-finance 45% of payments is income. this goes to a social project, that is, there will not be a sufficient tax base. so we are flying. we are working on some important social projects. therefore, from this point of view and moreover, this does not mean, i repeat, that sudden

svetlana lukyanuk asked the social security fund about this.2, a new mechanism has been launched funded additional pension, in your opinion. it's been 3 months already. is it interesting for the belarusians, has this mechanism been implemented at all? good evening, following the results of three months, we can say that the mechanism is a success as of today. this is more than 9.210 contracts concluded, of course, prevail. uh, our program participants are women. there are more than 65% of them. of course, we are waiting for active participation on the part of men. about 72% of our citizens who have entered this program have chosen the tariff 3 + 3 common people. in general, we call this program yes , the three plus three program, if we talk about the activity of the regions, then the most active in our country is the city of minsk, the minsk region, but i think that this, of course, is no accident, because we have wages in this at the capital region and in the city of minsk much more than. in all the rest yes, and in general, it seems to me that

how about social security. the trust fund is gone. our brothers and sisters who are on social security are going to take a 25% cut. are we going to let that happen? it's coming. the mathis real. you can't pretend it away. and you start to look at some of the lunancs. let's take more on small businesses and upper-income families. you can't even come close. so take all their money and let's assume you live in a fantasy world. let's live infant asy. this is what you pee get, spending in 30 years is 12.4% of g.d.p. if i take every dime, the next dollar, we just take it. you get 5% of g.d.p. and that is pretending people keep working. the mathis the math and we need to stop lying. and look, if you don't believe me, go look up c.b.o. and brian riddell and he takes o.m.b. data and c.b.o. data and puts it on charts that are absorbable. what if we repeal the tax cuts and raise the taxes on lower-income people and get rid of every tax idea out there. so all the democrat solutions, you still fall incredibly short and get a fraction of what's requ

the social security fund, at will, and it was not enough for such people to voluntarily deduct separatelytirement, when it’s a well-deserved rest for another decade, it’s not always possible. they just say that the income tax itself will still have time to relieve such inconveniences. as they say, everything is included, but this is not the only motivation in preparing for a change in the tax code, proceeding from the fact that the current regimes. they may not be completely perfect. since the single tax involves the payment of a fixed amount that is independent of revenue and practice, the worldwide levy of taxes that do not depend on the tax. it is gradually coming to naught, so it was necessary to determine the tax regime that would adequately meet the conditions of the income received, so it was decided to introduce taxation e in percentage of the income received for the self-employed, two tax rates are proposed 10% of the proceeds will pay leaks and income for the year will not exceed 60,000 rubles. if the rate is exceeded , it will be 20%, but only the self-employed can use this opp

social security. way more than the federal government has. >> and each time that you had a crash, it would subject people's social security funds to a crash. on a second. we're not going to have a whole thing on social security. let me be clear. you're in favor of privatizing social security? >> no. >> you just argued for it. >> i brought you the facts. >> so if a bill came forward to privatize social security, you would be for it? >> what we should be doing -- >> it's a moot point. >> it's not a moot point. you're trying to put words in my mouth. >> you just explained that the s&p 500 would be a better return than social security. so then you're for privatizing it. >> that's a fact. don't cheapen privatization when the data is crystal clear that the returns would have been better. >> you're for it. >> that means it would have been a better situation. >> let's go into some of the other things. you're nominated for speaker. you have been in congress one term. >> yes. >> what were your qualifications to be speaker of the house? >> i think my colleagues recognize my leadership and have seen it in leaps and bounds. >> can you give specifics. >

obviously, we don't want to stop medicare and social security funding. but to defund the border patrol, to defund the immigration service and to defund the faa, so the planes cannot fly, that is stupid and you know they want to regress the issue of spending with large. we can do that but we cannot do it with the full faith and credit of the united states held as a hostage. >> before we let you go congresswoman, you released a statement along with the california congressional delegation. unanimously urging president biden to issue an expedited major disaster declaration to california and response to these winter storms. how devastating has it been for your state and how much do you think it'll take for the state to recover? >> well it's hard to know because the emergency is not over. it is raining now again and there is a bigger storm coming tomorrow and throughout the week. every member of the california delegation, republicans and democrats signed this letter including our two senators, urging the president to moved promptly for the major disaster decla

third, the unfair tax act would detonate social security by eliminating its source of funding. this legislation is extreme and it is functionally the gop tax

social security. i'm on social security. you've got to make changes to social security, only 90% or so is paid for through social security fundight now, and it is getting worse. they've got to make changes. we've got 2.5 million millionaires, we've got 47,000 of them drawing social security. social security was designed as social security for the lower income, the women that never worked. now we have 47 millionaires, president biden is drawing -- he is making $400,000 a year, he is a millionaire. him and his wife, 50 $5,000 out of social security fund every year we had -- year. you have over 65 congressman, senators, millionaires drawing from that fund. host: the only acceptable changing your mind is i guess a basis on how much a person makes and that determines how much they get in social security? caller: they would have to raise the limit where people pay in, but it is going broke. the democrats keep saying republicans are going to take it, they do that every election cycle. neither party is going to touch the third rail. it is going to go broke. if we go into a recession, that is less people working. instead of 90% coming

a person will not have to pay the social security fund, he will not need to consult professional accountants. actually speaking, reduces his costs he will not have to go to the tax authority. it will only tag its mobile app, so, well, that doesn't mean you can't pay. he pays. you have to pay only through a single tax. this is our sacred duty regarding the service. moreover, he clearly understands that if he is incorrectly calculated the tax payment. he is not responsible for this. the person who developed this mobile application is responsible for this. yes, it could be, uh, perfect. i would like to add. why today let's just say that today is an unusual situation. and we see what is happening on the southern border, and we see what he said today. here yesterday or the day before yesterday , the ministry of finance, 45% of payments. this is income. this goes to a social project, that is, there will be no taxable base. this means that we are flying some important social projects. therefore, from this point of view and moreover, it does not mean, i repeat the cost, that all of a sudden today th

when we say that the rate has risen and we must will pay more, but will not have to pay the social security fundnot need to consult professional accountants, and he is thus. as a matter of fact, it reduces its costs, it will not have to go to the tax authority. it will only tag its mobile app, so, well, that doesn't mean you don't have to pay. he pays. you have to pay only through a single tax. it needs all this duties of one service. moreover, he clearly understands that if he is incorrectly calculated tax payment. he is not responsible for this. responsible for this. the one who developed this mobile application. yes, it could be, uh, perfect. i would like to add. why today let's just say that today is an unusual situation. and we see what is happening on the southern border, and we see what he said today. that's yesterday or the day before yesterday me with finance 45% of payments. this is income. this goes to a social project, that is, there will not be enough taxable base. so we are flying on some important social projects, therefore from this point of view, and moreover, it does not mean,

congress going to deal with the fact that the medicare hospital insurance trust fund set to run dry by 2028? the combined social security trust funds are set to go to zero by 2035. david walker says failure to reform these problems and sustainable secure will result in annual shortfalls of 15 to 20% and 20 to join 25% respectively and real default and percentages will grow over time. let's hear from tim and tulsa good morning. >> happy the republicans got control of congress it's entertaining now lying on your campaign is an issue that should cause republican to resign but you never heard democrats that lie like biden and others well documented that they should resign. i believe new york congressman claiming to be the jew and other things, he lied but the democrat callers calling in saying republicans will cut out social security and do this, well, they are lying. they've clearly said they are not going to attack social security so i approve with anticipation into the cesspool, 95% toward democrats in the last election, biden had 95% of the vote in washington d.c., no republican got a fair shake in the jury system in wa

to keep social security funded through 2096. the suspect in a deadly mass shooting during a lunar near celebration near los angeles is dead. police still trying to figure out a motive behind that attack will show you how people who live and work in the monterey park area are coming together during this troubling time. also california's housing crisis showing no signs of ending later this hour. the major concerns that one of california's biggest employers is making the matter even worse. ♪ i gotta good feeling about this, yeah ♪ ♪ i'm with it ♪ ♪ i gotta good feeling about this ♪ ♪ yeah, ♪ ♪ so let's get it ♪ ♪ i'm feeling good vibes ♪ were killed at a dance studio following a lunar new year celebration in that same area will show you the extra steps bay area cities are taking to try to increase safety at their events. 49ers defeated the cowboys in a defensive showdownr from several staryou will have u want to see the niners on the road against the philadelphia eagles in that nfc championship game. from ktvu. fox two news this mo

depository institutions, like banks, 9% from state and local governments, 8% for pension funds, and 9% from the social security in two or some out of context. this 9% is two point 85 trillion dollars. the u.s. owes social security right here at home we more money than the 870 billion dollars that it is china. so when you hear somebody saying that this that is all china, no, it's actually mostly all america. nevertheless, the u.s. has over 31 trillion dollars that means to repay in a debt limit that has been reached as of this week. no agreement was made in congress about whether to raise that debt ceiling, but the newly minted house speaker kevin mccarthy is set to meet with president biden in the coming days to try to hash it out. now if republicans decide not to raise the debt ceiling to help ease the short term issues, there could be a fiscal disaster on the horizon, which would have big consequences for all americans. the dominoes would fall like this. payments would be missed. americas credit rating would drop. interest rates would go up, and we already have inflation, but we could possibly see the onset

about being being medicare more than one to one return for social security, by 2040 a shortfall 6% for social security, medicare how do we fund in a unpopular increasing indices by 10% doesn't cover half shortfall, if we look at future spending, it is entitlements, creating extremely onerous interest rate payment eating up almost 10% output by halfway you point of the snurlt i want entitlements conversation even though not politically popular. maria: interesting, because here we are again up against the wall, government shuttledown debt ceiling could be massive disruption for markets this is why it is so important to have this communication but white house continues to say there will be no discussion. the debt ceiling will go up that is the end of the story. i think republicans understand, that this is a major you know, hot spot, and it will be massively disruptive if debt ceiling not raised but looking for a promise there could be some kind of a cap on spending for next fiscal year or boundaries in place where not borrowing five trillion dollars every two years, what happened what happened in last two years. democrats in whi