Did they decide to cut payroll taxes by 3%, because that's what they usually steal from Soc. Sec.?

[SugarShack]

Just wondering...how they can mention Soc. Sec. needing reform, worrying about baby boomers, AND acknowledging many people out of work not paying into system...where do they get cutting it by 2% then 3% will be okay? It must be because they know what they have been "borrowing" out of it all along?

:shrug:

[dixiegrrrrl]

1. What I don't get is :

Obama and some Republicans are in favor of another round of stimulus amounting to $447B as soon as possible (more tax cuts and more infrastructure spending).

At the same time, a bipartisan Congressional super committee is tasked with reducing the federal budget deficit by $1.2T by the end of the year (more tax revenues and more spending cuts).


:wtf:

[SugarShack]

2. Yes, they wonder aloud why he is adding these irons to the super fire, the timing.

I think Obama's trying to upset the masses. From the MediScare Speech to the terror alert.

gads....

[doc03]

3. It's not a 2 or 3% cut in payroll tax cuts, it's a 50% cut

in payroll taxes. So they borrow from the trust fund that consists Treasury bonds and then when SS needs the money and cashes the bond instead of the borrower paying for the bond the SS recipiant pays for it. Rob from Peter to pay Paul then rob from Peter to pay Paul the money Paul borrowed in the first place.:crazy:

[doc03]

4. What would happen if when China cashes in their US Treasury

bonds we sent them the bill to replace them? Unthinkable, but not when it comes to SS.

[Enthusiast]

7. TPTB are loyal to China but not to Americans.

It is that simple.

[mn9driver]

5. The best way to justify the destruction of Social Security

Is to not fund it. That's what is happening. They are in the process of turning it into an actual Ponzi scheme, then they will kill it. The folks like me who are over 50, too young to be "grandfathered" and too old to make up the savings we will suddenly need will become the new cat food generation. Raising the medicare age will be the additional icing on the poverty cake for us.

[doc03]

6. I am 63 and I disagree with what is going on. I know

if it wasn't for a pension and an IRA I couldn't survive on the SS we get today and I am single. The thought never occurred to Obama to maybe give us some help, after all prices have doubled and we haven't received a COLA for two years. It appears to me both parties are hell bent on screwing over retirees. It seems like the only ally we have is Bernie Sanders anymore.

[Enthusiast]

8. Nothing would stimulate the economy more than

increasing social security and lowering the retirement age.

I hope you have written the President and the congress and expressed outrage at their proposals.