[CMailBag]

IMHO This is one of the only “good” things in this plan.

It was insanity to reduce the revenue to a program that was already circling the drain and call it a “tax Cut”

[Wolfie]

Obviously. And yet never mentioned by the media. Go figure.

[Vigilanteman]

Technically, you are right. But the sooner the chickens come home to roost, the sooner the sheeple may awaken.

A closely watched consumer confidence index, which measures the American public's sentiments every month, sank six points. It was major turnaround from October, when the index reached a four-year high.

Anybody think the timing is a coincidence?

[campaignPete R-CT]

It was insanity to reduce the revenue to a program that was already circling the drain and call it a “tax Cut”

yes. If the American people want to cut the revenue to SS by 16%, they will have to cut the benefits by 16%. Which they clearly won't accept. So make 'em pay.

[MrB]

Yeah, that one baffled me as well.
Reducing the revenues to SS when it’s already going bankrupt in the near future?

Insanity? Stupidity? Premeditated malign intent?

[Mr. Bird]

The problem is letting people think FICA taxes are dedicated to SS. SS and Medicare are the raison d’etre for the payroll tax, but the money just goes into the general fund.

The sooner people realize this, the sooner they will realize their REAL rate of taxation with no guarantee of returned benefit is around 30% (if they pay any income tax at all) and over 50% at higher incomes. And this is federal taxation only.

[Straight Vermonter]

It was insanity to reduce the revenue to a program that was already circling the drain and call it a “tax Cut”

I thought I was the only one.

This was hailed as being a key to turning around the economy. Shouldn't reversing it have just as large of a NEGATIVE effect on the economy?

[Osage Orange]

So let me get this right....

It's a good thing now to increase a tax to where it was because it was dumb in the first place.