Dr. Martin Hash Podcast

Social Security & Medicare obligations are staggeringly underfunded, $100 trillion at least, and that’s not even including government pension obligations, which are truly obscene. Consider that the average Social Security per person is under $2K/month: compare that to state government pension benefits of NY firemen of $20K/month, and CA’s ex-Treasurer gets $50K/month: there’s even an OR health official that gets $76K/month! The pension crisis is real, unsustainable, and the funds are going to crash no-matter-what. For private pensions, the PGBC will take over and turn them into something more like Social Security levels, but the real problem is State pensions because they have State Violence to ensure that $76K/month. Let that sink in... Now ask yourself how that happened? Anybody can be replaced by 10,000 other people: how did someone get a $76K/month pension? Or even $76K/year for that matter working for the government producing nothing.