To: AU72
Obama gutted SS to do this. Agree 100%! Many people don't understand that that FICA/Payroll Tax that was 6.2% was reduced by Obama to 4.2% - it's the ONLY tax that pays into Social Security and Obama cut it 32%. SS is quickly going into the crapper and Obama will have a very big hand in its demise. People need to understand this - everyone you talk to....
8 posted on
11/06/2012 5:59:24 AM PST by
libertarian27
(Check my profile page for the FReeper Online Cookbook 2011)
To: libertarian27; AU72
It was simply a scam for the politicians to bring more money into the government not designated for SS that they could use for whatever they want, i.e. corruption and cronies. By lowering the SS tax by 2%, it made 2% more of your income subject to the income tax. So it’s worth it to them to cut 2% from SS funding in order to skim off 20% or so of it to do whatever they want with.
They’re not worried about “fixing” Social Security later. The easiest tax for them to raise when they “need” to will be the Social Security tax. There’s nothing politically damaging about “saving” Social Security.
14 posted on
11/14/2012 3:34:18 PM PST by
JediJones
(Newt Gingrich warned us that the "King of Bain" was unelectable. Did you listen?)
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