August 22, 2025 • 12 mins
LISTEN and SUBSCRIBE on:
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WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Section 8 housing just got slapped with a supposed two-year limit. Sounds tough, right? Don’t buy it. Politicians don’t have the stomach for the media circus that would follow.
In this episode of Watchdog on Wall Street:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Section 8 housing just got slapped with a supposed two-year limit. Sounds tough, right? Don’t buy it. Politicians don’t have the stomach for the media circus that would follow.
In this episode of Watchdog on Wall Street:
- Why Section 8 isn’t ending anytime soon
- How welfare became a multi-trillion-dollar addiction
- The scams that keep the cycle alive
- Why America’s “War on Poverty” failed—after $30 trillion spent
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski recent.
Speaker 2 (00:16):
Story kind of shocking, quite frankly, that individuals in this
country that are getting subsidized housing Section eight housing, they
are going to put a limit on how long you
can get Section eight housing. They said that it's not
going to include senior citizens, elderly people who are hurt, sick,
(00:39):
whatever it may be. We'll see how this works out.
I'm not buying what they're selling. Republicans don't have the
stomach to do this. Trump doesn't have the stomach to
do this. This is it's too easy, too easy for
the mainstream media to set up cameras and in front
(01:00):
of people's homes, and women and children are going to
be hurt most and kids are going to get put
out of homes. And they're not wrong, They're they're not wrong.
I don't know what you do. This is reality again.
I can't stand it. But you've got We've created and
(01:21):
I've written about this extensively over the years we've got
a nation of addicts. Yeah, it's it's interesting. There was
some French kind of a given example. So French aquarium
that got shut down, got like killer whales and dolphins,
and they've got you know, what are they going to
do with these things? And you know, I was reading
(01:42):
it was one of the European papers today. I guess
they're going to move them over to some Greek aquarium.
You know, people say, you know, why not free Willie,
just let them go. You can't, you can't. They've been
born into captivity. They can't make it on their own.
(02:04):
That's what we do with human beings here in this country.
That's what the Great Society programs have done. I'm going
to go back to a column that I wrote ten
years ago, United State of Welfare and the time everybody's
talking about content. I remember it was Obama's president and
(02:26):
who's most consequential president? And I made the argument that
maybe it was Lyndon Johnson at the time. It may
come back to being you know, you know, Barack Obama
to some degree with Obamacare destroying healthcare, but Lyndon Johnson
and his war on poverty nineteen sixty four State of
the Union Address, two hundred new laws that included the
(02:50):
start of Medicare, medicaid, direct federal aid to public schools,
bilingual education, head start, food stamps, education through Job Corps,
urban renewal programs, massive spending for the arts and humanities,
and an enormous increase in immigration. Section eight, public housing,
(03:11):
federal aid for college students, and last but not least,
government media in the form of PBS and NPR, he
declared January eighth, nineteen sixty four in his address, This
administration here and now declares unconditional war on poverty in America.
We do love our wars in this country. Whoa boy?
We do? Oh yeah, lots of things going to Korea, Vietnam,
(03:37):
War on drugs, war on terror, war on climate change,
and war on poverty. That battle at that time fifty
years again, I don't know what the tab is now.
Even I could have done an ask Rock, but I
didn't even bother. At the time, it was twenty two
trillion dollars. Twenty two trillion dollars was the the price
(04:00):
tag on this war on poverty. That is number was
greater than three times the inflation adjusted costs of all
of America's wars since our founding. Wow, again, we have
about what eighty means tested welfare programs provide cash, food, housing,
(04:21):
medical care, various different things here in this country. What
do we get? What do we get? I was twenty
two trillion in twenty fifteen, Who knows what it is today?
Let's say thirty Okay, what do we get for our
thirty trillion dollars poverty rate? Same as it was back
(04:41):
in nineteen sixty four? Essentially the same exact rate, well,
actually nineteen sixty seven, because that's when the whole thing
really kicked off. Again. What's happened to our inner cities
since that point in time? What's happened to the family
unit over that period of time? Kids growing up in
(05:03):
single parent households and a skain. People talk about this
in terms of race. Nothing to do with race at all.
Nothing And a great example of this. Bill mcgern wrote
a piece in the Wall Street Journal back then, and
(05:24):
it was interesting that the the war on poverty, you
know what, the like the propaganda was centered. How how
how this thing kicked off? Uh? Yeah, it was President
Johnson on a porch in a shack in eastern Kentucky's
Martin County, Appalachia, rural Martin County. Compare it to Baltimore
(05:52):
two thirds black h Martin County lost jobs in mining.
Baltimore lost jobs and manufacturing. Martin County again, at the time,
voted overwhelmingly for mitt Romney, Baltimore for Obama. Both different,
you get the same. The War on Poverty spent actually
(06:14):
two point one billion at the time in Martin County.
It's got a population of twelve, five hundred and thirty
seven that's on welfare alone, government programs. Interesting, Lexington Herald,
Martin County. There was a piece by John Chieves at
the time. The problem facing Appalachia today is at third
(06:36):
world poverty, its dependence on government assistants. When Congress imposed
work requirements in lifetime capsure welfare during the Clinton administration,
claims of disability jumped. Wow, look at that. And Chiefs
quotes a grade school principal who says this of Martin
County's children, instead of talking about a future of work
(06:59):
or a profession, they're talking about getting a government check. Again,
it's a drug. It's a drug, and people, quite frankly,
they get addicted to that drug. And that's where we're
at today. I want to share with you something, share
with you something how the scam works. And this might
(07:20):
anger you a little bit. It's frustrating, and again there's
a part of me that it angers me too. But
we push these drugs on these people. For guy and
his girlfriend two kids, perfect not two kids. Do this first,
(07:42):
don't marry her. Guy, use your mom's address to get
your mail. Buy a house, Guy, buy a house. Ran
out the house to your girlfriend with the two kids.
Section eight will pay nine hundred a month for a
three bedroom house. Girlfriend signs up for obamaca. Guy doesn't
have to pay for insurance. Girlfriend gets to go to
(08:02):
college because single mother. Girlfriend gets six hundred dollars a
month in food stamps, gets a free cell phone, gets
free utilities. Guy can still move into the home and
keep using your mom's address. Girlfriend claims one kid, Guy
claims the other kid on their tax forms. Now both
get to claim head of household that eighteen hundred dollars
a credit. I can go on and on and on.
(08:24):
You don't think that this scam is being played. It is.
What do you do? What do you do again? I'll
bring up my again, my idea again. I'll never see
the light of day. You have to You're gonna have
(08:45):
to get pretty tough when it comes to people and
Section eight housing government benefits. And again I don't even
know how you would do this. You'd have to say, hey, listen,
you know you need here trying to get on your feet.
But guess what, you can't have kids, or you can't
have any more kids if you want to continue to
(09:06):
get this check. That's one way. I mean, I don't know. Again.
The other thing I thought of ages ago is that
you're gotta have to identify kids that are in these
types of households, and you're gonna have to educate. We're
gonna have to take them, I called it. We're gonna
have to create a massive network of Hogwarts type schools. No,
(09:29):
not teaching magic, but places where kids can go almost
like boarding schools, that these kids can be taught the
value of hard work and a myriad of different other
things outside the away from their parents, who are going
to be bad influences. Again, mister Miyagi said it best
(09:49):
no such thing bad bad teacher, bad kids got bad parents.
What a difference between good school districts and bad school districts?
Here in this country. Not the money, it's not the facilities,
it's parents. I don't know what to tell you people.
This is this is the vicious cycle and not gonna change.
(10:12):
It's not. In fact, I found this number fascinating as well.
I don't know what this means, Okay, I don't I
don't know if people are aware something's going on or
people just saying I'm checking out. At this point in time,
the Bureau of Labor Statistics revealed that there is one
point one million more Americans. More Americans became disabled. One
(10:36):
point one million became disabled over the past three months
month of July two hundred and thirty four thousand. How well,
what is it long, COVID, what you know? What's going
on right now? Well, you get disability checks and that's
(10:57):
another scam in of itself. I don't have any answers here,
people do. I think that they're going to put a
two year limit on Section eight housing. There'll be too
much public I don't want to deal with that. They're
not gonna want to deal with that. And then again,
George Sorows will fire up the his uh, you know,
(11:18):
his various different because that's what they do. That these
are all paid protesters and go do a myriad of things.
The various different networks will you know, basically put together
sob stories and children that are gonna be without a home,
and it's gonna it's gonna happen. It's gonna happen, and
the cycle repeats itself. You know, I've given this before
(11:40):
and it's you know, it's the people. Now, you're mean
when you're saying this. It's I don't mean to be mean,
but it's truthful. I mean, there's a reason why there's
a reason why you go to a national park. They
tell you not to feed the animals. You're not supposed
to do that. And that's again what we do. You
you get everything. You get a phone, you get free internet,
(12:01):
you get free food, you get free housing, and you
grow up in that and that's all. You know. I
don't know. I wish I had an answer people. You know, again,
if you pray for these people, you see these things online.
You see these people actually they post videos proud of
(12:24):
how they're gaming the system, proud, and you know, you
get angry at first, but then you say to myself,
and this person is is is really messed up? Really
messed up? Anyway again Section eight housing two year limit.
(12:46):
I wish it was the case, but it's not gonna happen.
Watchdog on Wall Street dot com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski recent.
Speaker 2 (00:16):
Story kind of shocking, quite frankly, that individuals in this
country that are getting subsidized housing Section eight housing, they
are going to put a limit on how long you
can get Section eight housing. They said that it's not
going to include senior citizens, elderly people who are hurt, sick,
(00:39):
whatever it may be. We'll see how this works out.
I'm not buying what they're selling. Republicans don't have the
stomach to do this. Trump doesn't have the stomach to
do this. This is it's too easy, too easy for
the mainstream media to set up cameras and in front
(01:00):
of people's homes, and women and children are going to
be hurt most and kids are going to get put
out of homes. And they're not wrong, They're they're not wrong.
I don't know what you do. This is reality again.
I can't stand it. But you've got We've created and
(01:21):
I've written about this extensively over the years we've got
a nation of addicts. Yeah, it's it's interesting. There was
some French kind of a given example. So French aquarium
that got shut down, got like killer whales and dolphins,
and they've got you know, what are they going to
do with these things? And you know, I was reading
(01:42):
it was one of the European papers today. I guess
they're going to move them over to some Greek aquarium.
You know, people say, you know, why not free Willie,
just let them go. You can't, you can't. They've been
born into captivity. They can't make it on their own.
(02:04):
That's what we do with human beings here in this country.
That's what the Great Society programs have done. I'm going
to go back to a column that I wrote ten
years ago, United State of Welfare and the time everybody's
talking about content. I remember it was Obama's president and
(02:26):
who's most consequential president? And I made the argument that
maybe it was Lyndon Johnson at the time. It may
come back to being you know, you know, Barack Obama
to some degree with Obamacare destroying healthcare, but Lyndon Johnson
and his war on poverty nineteen sixty four State of
the Union Address, two hundred new laws that included the
(02:50):
start of Medicare, medicaid, direct federal aid to public schools,
bilingual education, head start, food stamps, education through Job Corps,
urban renewal programs, massive spending for the arts and humanities,
and an enormous increase in immigration. Section eight, public housing,
(03:11):
federal aid for college students, and last but not least,
government media in the form of PBS and NPR, he
declared January eighth, nineteen sixty four in his address, This
administration here and now declares unconditional war on poverty in America.
We do love our wars in this country. Whoa boy?
We do? Oh yeah, lots of things going to Korea, Vietnam,
(03:37):
War on drugs, war on terror, war on climate change,
and war on poverty. That battle at that time fifty
years again, I don't know what the tab is now.
Even I could have done an ask Rock, but I
didn't even bother. At the time, it was twenty two
trillion dollars. Twenty two trillion dollars was the the price
(04:00):
tag on this war on poverty. That is number was
greater than three times the inflation adjusted costs of all
of America's wars since our founding. Wow, again, we have
about what eighty means tested welfare programs provide cash, food, housing,
(04:21):
medical care, various different things here in this country. What
do we get? What do we get? I was twenty
two trillion in twenty fifteen, Who knows what it is today?
Let's say thirty Okay, what do we get for our
thirty trillion dollars poverty rate? Same as it was back
(04:41):
in nineteen sixty four? Essentially the same exact rate, well,
actually nineteen sixty seven, because that's when the whole thing
really kicked off. Again. What's happened to our inner cities
since that point in time? What's happened to the family
unit over that period of time? Kids growing up in
(05:03):
single parent households and a skain. People talk about this
in terms of race. Nothing to do with race at all.
Nothing And a great example of this. Bill mcgern wrote
a piece in the Wall Street Journal back then, and
(05:24):
it was interesting that the the war on poverty, you
know what, the like the propaganda was centered. How how
how this thing kicked off? Uh? Yeah, it was President
Johnson on a porch in a shack in eastern Kentucky's
Martin County, Appalachia, rural Martin County. Compare it to Baltimore
(05:52):
two thirds black h Martin County lost jobs in mining.
Baltimore lost jobs and manufacturing. Martin County again, at the time,
voted overwhelmingly for mitt Romney, Baltimore for Obama. Both different,
you get the same. The War on Poverty spent actually
(06:14):
two point one billion at the time in Martin County.
It's got a population of twelve, five hundred and thirty
seven that's on welfare alone, government programs. Interesting, Lexington Herald,
Martin County. There was a piece by John Chieves at
the time. The problem facing Appalachia today is at third
(06:36):
world poverty, its dependence on government assistants. When Congress imposed
work requirements in lifetime capsure welfare during the Clinton administration,
claims of disability jumped. Wow, look at that. And Chiefs
quotes a grade school principal who says this of Martin
County's children, instead of talking about a future of work
(06:59):
or a profession, they're talking about getting a government check. Again,
it's a drug. It's a drug, and people, quite frankly,
they get addicted to that drug. And that's where we're
at today. I want to share with you something, share
with you something how the scam works. And this might
(07:20):
anger you a little bit. It's frustrating, and again there's
a part of me that it angers me too. But
we push these drugs on these people. For guy and
his girlfriend two kids, perfect not two kids. Do this first,
(07:42):
don't marry her. Guy, use your mom's address to get
your mail. Buy a house, Guy, buy a house. Ran
out the house to your girlfriend with the two kids.
Section eight will pay nine hundred a month for a
three bedroom house. Girlfriend signs up for obamaca. Guy doesn't
have to pay for insurance. Girlfriend gets to go to
(08:02):
college because single mother. Girlfriend gets six hundred dollars a
month in food stamps, gets a free cell phone, gets
free utilities. Guy can still move into the home and
keep using your mom's address. Girlfriend claims one kid, Guy
claims the other kid on their tax forms. Now both
get to claim head of household that eighteen hundred dollars
a credit. I can go on and on and on.
(08:24):
You don't think that this scam is being played. It is.
What do you do? What do you do again? I'll
bring up my again, my idea again. I'll never see
the light of day. You have to You're gonna have
(08:45):
to get pretty tough when it comes to people and
Section eight housing government benefits. And again I don't even
know how you would do this. You'd have to say, hey, listen,
you know you need here trying to get on your feet.
But guess what, you can't have kids, or you can't
have any more kids if you want to continue to
(09:06):
get this check. That's one way. I mean, I don't know. Again.
The other thing I thought of ages ago is that
you're gotta have to identify kids that are in these
types of households, and you're gonna have to educate. We're
gonna have to take them, I called it. We're gonna
have to create a massive network of Hogwarts type schools. No,
(09:29):
not teaching magic, but places where kids can go almost
like boarding schools, that these kids can be taught the
value of hard work and a myriad of different other
things outside the away from their parents, who are going
to be bad influences. Again, mister Miyagi said it best
(09:49):
no such thing bad bad teacher, bad kids got bad parents.
What a difference between good school districts and bad school districts?
Here in this country. Not the money, it's not the facilities,
it's parents. I don't know what to tell you people.
This is this is the vicious cycle and not gonna change.
(10:12):
It's not. In fact, I found this number fascinating as well.
I don't know what this means, Okay, I don't I
don't know if people are aware something's going on or
people just saying I'm checking out. At this point in time,
the Bureau of Labor Statistics revealed that there is one
point one million more Americans. More Americans became disabled. One
(10:36):
point one million became disabled over the past three months
month of July two hundred and thirty four thousand. How well,
what is it long, COVID, what you know? What's going
on right now? Well, you get disability checks and that's
(10:57):
another scam in of itself. I don't have any answers here,
people do. I think that they're going to put a
two year limit on Section eight housing. There'll be too
much public I don't want to deal with that. They're
not gonna want to deal with that. And then again,
George Sorows will fire up the his uh, you know,
(11:18):
his various different because that's what they do. That these
are all paid protesters and go do a myriad of things.
The various different networks will you know, basically put together
sob stories and children that are gonna be without a home,
and it's gonna it's gonna happen. It's gonna happen, and
the cycle repeats itself. You know, I've given this before
(11:40):
and it's you know, it's the people. Now, you're mean
when you're saying this. It's I don't mean to be mean,
but it's truthful. I mean, there's a reason why there's
a reason why you go to a national park. They
tell you not to feed the animals. You're not supposed
to do that. And that's again what we do. You
you get everything. You get a phone, you get free internet,
(12:01):
you get free food, you get free housing, and you
grow up in that and that's all. You know. I
don't know. I wish I had an answer people. You know, again,
if you pray for these people, you see these things online.
You see these people actually they post videos proud of
(12:24):
how they're gaming the system, proud, and you know, you
get angry at first, but then you say to myself,
and this person is is is really messed up? Really
messed up? Anyway again Section eight housing two year limit.
(12:46):
I wish it was the case, but it's not gonna happen.
Watchdog on Wall Street dot com
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