Sunday, December 12, 2010


"The government would borrow about $112 billion to make Social Security whole. Advocates and some lawmakers worry that relying on borrowed money to fund Social Security could eventually force it to compete with other federal programs for scarce dollars, leading to cuts."
Uh, huh...
"What came out of the compromise was the idea of the payroll tax holiday, which, frankly, a huge number of economists and other experts had been talking about over the last two years with a lot of support in both political parties," said Larry Summers, Obama's chief economic adviser."
Summers? Isn't he the guy that....well, nevermind...go on....
"The proposal requires the Treasury Department to replenish Social Security with other government funds, which would have to be borrowed."
Uh huh, Payroll tax Holiday ? Hmmm...what about...
"This 2 percent payroll tax cut is the beginning of the end of Social Security as we know it," said the National Committee to Preserve Social Security and Medicare.."
hey...wait a minute... I don't think thats a goo..
"It is unclear how long such a tax holiday would be in place."
Wont that make Social Security worse..
"The Obama tax cut “compromise” is an unacceptable attack on Social Security funding because of the “payroll tax holiday” provisions that would cut funding for the Social Security Trust Fund in half."
"This is a DISASTER for Social Security – and no one in Washington is talking about it."
"Barack Obama passed the presidential baton to Bill Clinton to defend his tax cuts in the White House after admitting he was late for a Christmas party with his wife Michelle"

Christmas Party?? Bill Clinton?? WTF???
I was happy today to see the media finally start to realize and report on the fact that Obama has launched a savage attack on the social security system. His dictated cuts to the social security payroll tax will just further weaken the system and could be its death knell."
Oh you dirty......
"This is the core attack on the New Deal. Defunding social security at same time as they talk about raising the retirement rate, cutting benefits, etc. We will pay for this with reduced social security. Say NO to overturning the New Deal. "
...lying scumbag sack of shi---
  • Social Security benefits are not gobbling up the U.S. economy. Benefits are equal to 4.9 percent of gross domestic product (GDP) this year, and will rise to just 6.2 percent in 2035, when all baby boomers will be 65 or older, according to last year’s Social Security trustees’ report. After 2035, Social Security expenditures are projected to stay around that percent of GDP through 2085, according to Virginia Reno, vice president for income security at the National Academy of Social Insurance.
  • Social Security had a $2.5 trillion surplus in 2009, a number that will hit $3.8 trillion in 2020, according to the Economic Policy Institute. The surplus has been accumulating since implementation of the last Social Security reform measures in 1983.
Why do they want to mess it all up??? Because the rich don't want to pay for youuuuuu...
They want their money and your money too and they'll get it.

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