Congress ready to vote on Obama jobs plan [Kicking the can on Social Security funding]

SF Chronicle ^ | 2/16/2012

[SoFloFreeper]

Congressional negotiators put their final signatures late Wednesday on an economic plan worth more than $150 billion that would extend a payroll tax holiday and unemployment benefits. A key roadblock was overcome when the lawmakers agreed to require new federal workers to contribute more to their pension plans, clearing the way for a majority of the House-Senate conference committee to approve the deal just past 11 p.m., aides in both parties said.

A vote could come as early as Friday, the last act in a five-month battle over President Obama's proposed jobs plan.

[SoFloFreeper]

I realize most people on FR are smart enough to know the payroll tax is what funds social security. But I have met Obama voters and undecided, relatively uninvolved people who do NOT realize the fact.

Essentially, Obama is happxy to see this funding mechanism of Social Security dry up.

[JDW11235]

Social Security CANNOT be saved. The stupid, generational raping, Ponzi Scheme is GOING to fail, one way or another. As in all Socialism, you eventually run out of other people’s money. True Conservatives want to abolish the Federal Social Security slush fund. It’s unconstitutional, it’s irreparable, and it’s evil. Plain and simple. Each person on the planet has the responsibility to pay for themselves or rely upon the mercy of others if they cannot (not “will not”). Government has no right to rob someone at gun point to pay another person to live in leisure, at age 65 or 165.

In any event, we’re insolvent anyway, it’s merely a matter of “arranging the deck chairs” until the final collapse.

[ari-freedom]

Money is fungible. There is no special ‘fund’ that payroll tax dollars go into. All the tax dollars are taken in and redistributed; some to social security payouts, some to defense, etc.

[DeaconRed]

Listen, yall need to quit bitching and go to work. I need the money. . . .

[savedbygrace]

Stealing from Social Security becomes a “jobs plan” under Obama? Sheesh.

[Roccus]

I realize most people on FR are smart enough to know the payroll tax is what funds social security

Not quite. Since all SS "contributions" are put into the general fund, all SS "benefits" are paid out of the general fund. If anything, this is the beginning of the end of SS as we know it.