This is not a payroll tax cut, this is a 2 percent cut in Social Security funding. As a working American I do not believe that this is the correct decision to address the economic issues facing the United States. I also do not understand why every senior citizen and their so-called advocates such as AARP are not speaking out loud and clear against this 2 percent cut in Social Ssecurity funding. My question to the senior citizen is would you like to be facing a 2 percent cut in benefits to offset the reduction in contributions going into the Social Security funding? The funding vs. expenditure in 2011 went in the red for the first time due to this 2 percent decrease in Social Security funding.
This 2 percent reduction in Social Security funding has been labeled as a benefit to the middle class. This is not true. The middle class worker pays income tax, the lower income worker does not. The 2 percent reduction in Social Security funding is to buy votes from that targeted lower income group. If our president really wanted to create a benefit for the middle class he would be addressing the income tax rates paid by the middle class workers. Instead he is choosing to erode the Social Security funding which in the long run will only hurt the individuals who depend on it the most.
The two month extension was a joke. I do not believe that a short term Band-Aid is a solution to anything. Long term solutions are hard decisions to make because they require that all Americans make some sort of sacrifice.
Lynn Damar
Brainerd
Comments (9)
Add commentPayroll Tax Fallacy
A fallacy is a misleading or unsound argument and that is an apt description of this across the board bribe from the Obama administration. With our government vastly overspending revenues, we simply cannot afford to short the Social Security system any further. Remember, Obamacare, if implemented, is going to steal $500 Billion from Medicare. The President is playing Santa Claus with money paid in good faith to support our senior citizens. It's not his money. The joke is that we pay this money into something called the Social Security Trust.
Good Letter
The 2% funding cut to social security that democrats are fighting tooth and nail for is actually a significantly larger cut. The cut is 2% to the worker. Social Security funding out of your paycheck is now 4.2% of gross wages instead of 6.2%.
Look at it from the income side. Social Security, prior to President Obama and the democrats majorities of 2009, received 12.4% of wages. Now it is receiving 10.4%. That 2% decrease represents a 16% cut in Social Security funding.
The President of the United States will not request a 16% cut in defense spending. He will not request a 16% cut in discretionary spending. He is putting up the biggest fight of his term so far to ensure Social Security funding is decreased by more than 16%.
Democrats don't do reality, though. He'll still be re-elected despite the anti-worker positions he holds.
Do You Actually Want To Know The Real Fallacy ?
Not Raising the ceiling on which Social Security payroll taxes are collected. Instant Fix ! No emotional name calling involved. Concept may be too simple for some individuals to understand.What Great American said " all we have to fear is fear itself " ? I dont think he said lets create fear , it took a GOP think tank to come up with that concept after W destroyed the " Brand".Just ask the MN GOP where there $ 2.5 million dollars went ,they cant seem to pay now.
hey, john,
better wrap it up. your guys are about to show their fighting spirit on tv.
hey, lake,
"my guys" like the GOP? Ha. Yeah.
I'm an anti-war, pro-social security, pro liberty, civically engaged young person. The GOP are not really "my guys." But enough about me.
This letter, as well as my response to it, revolves around the FACT that the democrats have successfully in the past and are trying for the future to cut social security funding in excess of 16%. I am against that. I like the few extra bucks in my pocket now, but I would prefer to be able to count on social security in 40 years. The democrats are actively engaged in trying to destroy social security and that frustrates me.
Sorry for wasting your time with that; you can go back to your usual bumper sticker debates now.
John Brown
Guessing Lake was addressing John Galt. I did a little research and it seems galt's hero Ayn Rand was anti-religion and pro-abortion, etc. For a right winger, he's taking a real chance using that name....
I heartily recommend research, it's a good thing.
Maybe
I thought the same thing until I remembered that lake refers to "johngalt" as galt.
Oh well.
sorry, john brown
I did mean john galt.
right, minne. I heartily recommend reading books before you become enamored of the author and her characters.
I was reading about medicare fraud. It suggested we all look over our medical bills to verify procedures and doctors' billing. But have you noticed, you don't get hospital itemized statements any more? You need to ask for them.