Good post on the breakdown of the two different bills. I am against the 2% cut to the underfunded SS program.
I have to ask, where is the hit to the wealthy? Everyone needs to pony up to help get this debt under control.
Im a fed employee making 64k/yr as a technician working under a pay freeze. The house bill extends that freeze and also raises my contribution to retirement, a hit that will show on my paycheck.
Extending unemployment helps those in need but also benefits businesses and the wealthy. I dont see the house bill as being equal in how to pay for it.
Im a conservative who supported Cain but I would have voted NO on house bill.
I have to ask, where is the hit to the wealthy? Everyone needs to pony up to help get this debt under control.
The top 1% pay 38% of all the income taxes. The top 10% pay 70% of all income taxes. 47% of Americans pay no income taxes at all. Where is the fairness in that? And who is not paying their fair share? We have 46 million on food stamps and 60 million on Medicaid. Who pays for that?
Unless we get our entitlement programs under control, we will bankrupt the country. We could confiscate the wealth of the top 1% and not be able to pay for these programs. You are not a conservative if you believe in massive wealth redistribution. People are entitled to the fruits of their labor. It shouldn't be up to the government to decide how much you can keep under the presumption that the government has the right to your property.