You forgot one important item....the liberals won the election! And elections have consequences. Hussein won White House, Demorats gained seats in Senate and House. Less republicans voted in 2012 than in 2008. Now we have to live with the consequences.
Free stuff and the life of leisure wins elections
Which one(s) do you recommend?
Praise be to Obama, my paycheck is $90 less than it was a month ago due to SS deduction, and my retirement pension is also $90 less than it was a month ago due to increased health care costs. That’s $2100 a year less. I live alone, no dependents.
Don’t bash Obama! He moved me into the 400,000+ income range. I thought I earned less than 40,000 so I was safe when he promised no new taxes on the “middle” class. After looking at the withholding on my last paychecks, I realize that I must have made it above middle class. I am so thankful that I made it into the “I got mine” club!
Unless you have a better way of funding social security, or getting rid of it, your comment is illogical. The reduction of the patroll tax in the first place, was assinine. The only reason Obama pushed for it, was because a reduction in the income tax would not have benefitted the 47% that don't pay federal taxes. By reducing the payroll tax, it directly benefitted the 47% and after the first $100k+, it stopped benefitting "the rich".
The payroll tax reduction was stupid, as it accelerated the bankruptcy of social security. To now claim that it is now a negative to restore the payroll tax is economic stupidity.
My memory is poor (altogether possible) or the author is a liar. I'd very much like to see a transcript of Rush saying that.
On the other hand, did he say it sarcastically? You can't put that in the printed word.
I realize the restoration of the 2% FICA tax is technically an increase. However, it was increased back to it’s original contribution level. It should never have been reduced in the first place.
I have been out of the work force now for 7 years. In my previous 52 years of contribution to Social Security, I do not recall one time where the contribution was suspended, or reduced.
The resumption of the 2% should not have been a surprise to anyone. When it was enacted, it was part of a stimulus plan, and was not intended to be a permanent cut.
Taxes are going to continue to increase. Obamacare is just the beginning. We are now faced with unions complaining about the increased cost to their benefit plans and their solution is to petition the government for relief. That relief will happen, as the Democrats need a wedge for the 2014 mid terms, and Obama can ill afford the upset the unions. The rest of us will have to pay for the union’s reduced Obamacare cost.
Fewer jobs translate into lower government tax revenues. The remaining work force will have to make up that difference. The downward spiral has been occurring for some time now, and will only continue at a faster pace.