12/11/2024 | Press release | Distributed by Public on 12/11/2024 17:19
"The American people don't have any confidence that they will see all of the money they've paid into Social Security over the years."
WASHINGTON - Today,U.S. Senator Tommy Tuberville (R-AL) spoke on the Senate floor about the broken Social Security system. He pointed out that many Americans won't see some of the money they paid into Social Security. Sen. Tuberville also called out Joe Biden for voting to tax Social Security in 1983.
Sen. Tuberville also celebrated the passing of the Stop Institutional Child Abuse Act (SICAA), which he cosponsored.
Read Sen. Tuberville's remarks below or watch on YouTube or Rumble.
"Madam President,
A little while ago, my colleagues were successful in passing the Stop Institutional Child Abuse Act by unanimous consent.
I want to thank Paris Hilton for her great work on this legislation. You know, I applaud her for using her position of influence as a force for good. She has worked hard to make sure no child has to go through what she went through in her earlier life.
American kids and young adults will decide the future of this country. I dedicated my life to mentoring young people because they are the most precious commodity that we have. If we get everything else right, but neglect our young people, our country has no future.
You know, I've seen some of these residential treatment facilities with my own eyes and I know they need reform. Right now, there's not enough oversight in some of these schools. Some states are trying to regulate them, but we need to do more on a national level. We don't know where the federal money is going, or who is making money off looking after our kids. We don't understand the regulations and whether they benefit children or not.
This bill authorizes a study of these facilities and looks at them nationwide. It can cost about what it takes to go to Harvard for a kid to be in these institutions-[it's] very expensive. But a lot of them look like something out of a Charles Dickens [novel]. There's an old saying that sunlight is the best disinfectant. We need some more sunlight on these facilities so we can put a stop to the waste, and the fraud, and abuse in the system. I'm proud to support this bill and stand with our kids.
Now I'd like to remind you of a vote that President Joe Biden took in 1983 as a Senator to tax your Social Security. That's right. Joe Biden is responsible for your Social Security money being taxed. It's a scam.
One of the big reasons why the American people elected President Trump [to be] the next President of the United States is because they're tired of being scammed by the federal government. They're tired of seeing their hard-earned money evaporate into thin air because of inflation, which is caused by Biden and Democrats spending money that we don't have. They're tired of having their tax dollars sent to fund foreign wars where America's interests are really not at stake. They're tired of the federal government using taxpayer dollars to put illegal aliens up in fancy hotels, instead of building a wall to secure our nation's sovereignty.
What the American people have been tired of for years, decades even, is how they have been getting scammed out of their retirement money. The money that they pay into this government. Here's the sad truth: the American people don't have any confidence that they will see all of the money they've paid into Social Security over the years.
Since being signed into law in the 1930's by President Roosevelt, Americans' money has been going in the front door of the federal government and then out the back door. It's a big Ponzi scheme. And everyone is forced to participate in it. You have no choice. It doesn't matter if you're 16 or 76, a little over 6% of your paycheck is taken out to pay for this retirement.
Americans have been paying into Social Security for years, only to see a fraction of what they have been promised to be returned to them. And that's not all. After decades of having Social Security taken out of their paychecks, millions of Americans have to pay taxes on what they do get at the end of the day. That's right, the money that's owed to them-the taxpayers' own money, that's been held for years by the federal government-is taxed again as if it's new income.
Withdrawing money from your paycheck every week or month for Social Security is already a tax to begin with. The money taken out of your pocket and your paychecks isn't put into an account that gains interest, like a mutual fund. It doesn't even gain interest like a savings account. It actually has a lower rate of interest than the rate of inflation.
And that's not the worst of it. The pot your Social Security money sits in isn't left alone by the federal government. No, your money that you pay into Social Security is being used like a debit card by the federal government.
So, the money you are paying into it is effectively a tax. Then what little money you do get back is taxed again. We've got people that are getting ready to retire in this country that are going to try to live off $2,000 a month after paying for Social Security all their life. In this day and age, $2,000 is impossible to live off of. Totally impossible.
We better start figuring this problem out because one of these days millions of people are going to come to D.C. and say, "where is my money?" And I don't blame them. I don't blame them one bit. We're $36 trillion dollars in debt. And there's no sign of that slowing down. Let me repeat that, $36 trillion [dollars] in debt.
We seem to be spending all we can on everything but retired American workers. We've sent over $200 billion to Ukraine. Just yesterday, the Biden administration announced they are giving $20 billion more to Ukraine in the form of a loan. Well, that's interesting. We're never getting that money back. It's another scam. Over $400 billion in Covid relief money was wasted, misspent, or stolen. I just saw on TV when I came down here [that] President Biden gave Iran 10 billion more dollars.
The Biden Administration set aside billions of dollars to build EV stations across this country-plug ins. Up here, we toss money around like it's nothing. And then we turn around and tax Americans' Social Security checks. It's unfair for the millions of Americans who paid into Social Security to have to suffer for their government's incompetence.
My two sons ask me all the time if they're ever going to see the money they've paid into Social Security. At this rate, they've got a better chance of seeing World War III than ever seeing that 6% that was taken out of their paychecks since they started working.
How bleak is that?
That's why when President Trump says he wants to fight for Social Security, to protect it, and preserve the retirement age, it resonates with people. People listen because it sounds like somebody is going to help somebody. The American people aren't dumb. They know there's been funny business going on at the Social Security Administration for many, many years. And that they may never see a dime of the money they are owed. Americans aren't dumb. Every election, you hear Democrats saying Republicans want to cut Social Security benefits or raise the retirement age.
And yet it was Joe Biden who voted to tax Social Security check. As usual, [my] Democrat colleagues just keep throwing money at other programs, projects, and wars, neglecting one of the biggest problems facing our country.
With President Trump coming to town, we're finally going to make sure the government is serving the people, not bleeding them dry. President Trump is going to make sure the government is accountable to all of the American taxpayers. At the very least, he's going to give it to you straight, not just tell you what you want to hear. The Department of Government Efficiency, or what we are calling now 'DOGE,' will play a big role in solving this problem. Elon and Vivek will make sure the American people know exactly what is going on in Washington. There will be no secrets.
The bottom line is this: We need to get bureaucrats and politicians' hands out of the mess that they made with our Social Security money. We need to make sure Americans get what they were promised.
President Trump's pick to be the Commissioner of the Social Security Administration is a great choice to get Social Security cleaned up, and if he doesn't, we'll change him. Frank has an excellent track record as an executive in a business and finance. He's not a politician.
As President Trump said, Commissioner Frank will deliver on the Agency's commitment to the American People for generations to come. It's about time Washington, D.C. starts working for the people that we're supposed to represent. What a thought. Not for the special interests, not for career politicians and entrenched bureaucrats, or for liberal pet projects or foreign wars that don't serve our interests. Instead of spending money we don't have on things we don't need, let's put it back in the pockets of Americans who are working to pay for this.
Not only is it in America's best interest to do this, it is the right thing to do.
Madam President, I yield the floor."
Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans' Affairs, and HELP Committees.
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