Obama's plan for America is taking hold, on schedule, worse, much worse is yet to come if Obama has anything to do about it. This is merely the initial effect of the tax increases. The full brunt of the increases has yet to ripple though the economy, rear its ugly head in a bad way.
1 posted on
03/01/2013 9:31:36 AM PST by
lbryce
To: lbryce
“...income is going backwards, while the federal government continues to grow and grow and grow.”
This is somewhat more technically known as socialism or Marxism, and is, of course, a direct result of White House planning.
Now aren’t you glad you voted for Obama, America?
To: lbryce
I have prepared payrolls for a long number of years.
I cannot remember when the rate of 6.2% was intalled for each side of the employer/employee sandwich. It was a long time ago.
Obama ARTIFICIALLY lowered that rate for the EMPLOYEE ONLY by 2%, which meant that billions of dollars of Soc Sec taxes were NOT going to the the government.
Meanwhile. people on long term UNEMPLOYMENT were being quickly switched by the feds to Social Security DISABILITY.
The fund is in danger of being totally broke before 2016 is over.
That artificial 2% “payday’ bump for employees was a travesty, IMO.
To: lbryce
. Income dropped 3.6 percent, hitting its lowest level in more than five years...and yet where were Obama and the 'rats bemoaning this loss and how badly it hurt everyone, including the middle class? - wailing because families could no longer eat out as they would like, go on vacation, buy books for their kids, and on and on - the way they're catastrophizing about the sequester cuts that will hurt government - the message is clear: for 'rats, government is important, people aren't....
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