Translation of their "accomplishment":Congress just
approved a 50% cut in the amount of money to be paid into the bankrupt Social
Security system next year, hastening its collapse.And both Democrats
and Republicans are proud of their actions? Time to throw all the bums out.
All they know how to do is spend money we don't have and destroy our economy and
hand the bill off to our kids and generations yet unborn.
Lets all give a big huraaaay that Obama is taking money away from the Social
Security program to make it appear that he is for lower taxes. Since when have
the left ever been for lower taxes? Never!
It redistributes $20 per week per worker and $300 per week per non-worker.
Biden says "they are not about getting people more dependent on
government." Sure!This comes out of the SS fund which doesn't have
enough money to pay retired folks. To hear the DNC media report on this...its a
win for Obama and the Dems. Tell that to those recieving SS. And this is a two
month deal? See you again in a couple of short months.
'And both Democrats and Republicans are proud of their actions?' - DN Subscriber
| 9:31 a.m. Dec. 23, 2011 Blocking tax breaks was a Democrat
action? Short memory: *House GOP REJECTS 2-month payroll
tax cut By Andrew Taylor AP Published by DSNews 12/20/11 Yeah,
that was x72 hours ago. Go back farther? *Senate
Republicans likely to kill Obama jobs bill By Andrew Taylor AP Published by
DSNews 10/11/11 Farther? *'Republicans bail on budget
talks, blame Democrats' - By David Espo - AP - Published by DSNews - 06/23/11 Farther? How about jobs? *John Boehner: If GOP Cuts Cause
Federal Job Losses...'So Be It' - Huffington Post - 02/15/11
Republicans have worked frantically to shut DOWN any economic recovery. 'I hope he (Obama) fails' - Rush Limbaugh. As such, they should
get the CREDIT for their horrible works. *'S&P warns it may
downgrade U.S. credit rating' - By Martin Crutsinger - AP - Published by DSNews
- 07/15/11 *'Dow average plunges 513, worst drop since 2008' - By
David K. Randall - AP - Published by DSNews - 08/04/11 And 'yes' the
credit downgrade WAS just two months after Republicans bailed on the US budget.
I would like to know how Utah's Senators and Congressmen voted on this stupid
We're saved!That was soo easy of a fix. Why didn't they just for
this months ago? It's not like they're going to have to vote on this again for
another two whole months. That just seems forever from now.
@DN Subscriber: The whole point is to bankrupt Social Security. The program is a
failure and needs to be swept away... bankrupting it is the first step. Once
that is done the govt. can figure out some new plan.
@DN Subscriber, KM, and DeltaFoxTrotThe bill collects fees on mortgages
held by Fannie and Freddie and uses those to fill the void left in payroll tax
money going into the social security fund.
"The two-month version's $33 billion cost will be covered by a .1
percentage point increase on guarantee fees on new home loans backed by mortgage
giants Fannie Mae, Freddie Mac and Ginnie Mae at a likely cost of about $17 a
month for a person with a $200,000 mortgage."That is what is
going to cover the losses in payroll taxes so the trust fund isn't being raided
here. This is also why the bill was only for 2 months, because this only
provides enough revenue for 2 months worth.
...what?...we sent the man to the moon but we can't figure out how to balance
the check book? what a joke! ok kids, quit making this as though it's an
Lets see, we have a program that is solvent for the next 20 to 30 years with no
change, and covers the needs of millions of senior citizens. Sounds like a
colossal failure to me.You have got to love the crowd that actually
believes the government can do anything right. Nothing. Nada. And
they want to be in charge.Air traffic control... failureNational Park System... a disgraceOur military folks - complete
losers and failuresAnd at the same time they proclaim themselves to
be patriots and constitutionalist.The one thing that may be true is
this is a nation of civilian government, of the people, by the people and for
the people.... so in that case, perhaps there assessment is accurate. Perhaps
some of these people are failures, and that is why they hate their government so
much. Its all a circular thing perhaps.We could surely do better,
but I still believe our government is the best thing going out there, problems
KM How is this on President Obama? Congress including the Republican controlled
House passed this bill. It amazes me how leaving a couple of bucks in middle
class and poor peoples pockets is such a horrible thing, but when there was talk
of letting the Bush tax cuts expire, and the wealthy were going to get hit hard,
nobody seemed to care about the "loss" of revenue and the impact on
the debt. The problem with this message board is the same problem we have in
congress. Nobody will let the facts get in the way of pushing their political
agenda. If we want to argue that we can't afford to maintain the FICA tax break
because we won't be able to pay for the future fine, but that same logic should
apply to the Bush tax cuts because we are 14 trillion dollars in debt. I
understand many contributors to this board are frustrated because the Tea Party
members in the House thought they had passed a bill that backed the Senate and
the President into a corner but were outmaneuvered by the senate both
republicans and democrats. This continued game of political chicken with the
economy has got to end. Both parties have created this mess and it will take
both parties working together to get us out of this mess. Continuing the
political games is only going to make things worse.
Well. The world can start spinning again. Can someone please explain how
giving a $40 per paycheck tax cut for ONLY two months is going to spur the
economy. Is this the Democrats idea of good times?Once again, the
new Democratic mantra: "It's not as bad as it could be."
@A1994: Will that same $40 for a year do that much more?
@xscribe That's the point. It doesn't really matter either way,
does it? I'm not really sure why either side picked this as a battle (unless
they are doing something else that they'd rather not be noticed.) The President's economic plan is so hollow. He has nothing. But yes, it
seems like if you are going to really help the middle class, if it was so vital
to pass this, then why only for two weeks?
*oops. Two months.
The bill is short to read. If you read this article and the bill you see some
facts that make this bill(that the Senate shoved down our throats)stand out more
clearly. If we had waited until after the holiday we would have had maybe $60
less for the moment! But, lets do the math. The bill is paid for by a .1 percent
increase in the cost of a mortgage. 17 Dollars per month for the duration of a
standard Freddie/Fannie mortgage(360 months)(30 Years) or an EXTRA 6,120
dollars! Check Mate to the Senate for cheating the average Citizen! Who does not
need a Freddie/Fannie backed mortgage??? The top 10 percent!So
instead of following the Republican plan. Which paid for the Payroll Tax
deduction with cuts in the budget to offset the expense of doing this and thus
allowing 120 to 250 Billion Dollars to still go to Social Security(keeping it
closer top solvent) Obama and Reid shoved a tax on all of us regular folks! And
gave a tax deduction to those who worked hard and have more! Even for 2 months
the Democrats taxed the regular Joe again!
@don17 You hit it right. They call it a mortgage fee. It is in fact a tax.
Remember Obama said so many time it was like a broken record " anyone
making less than $250,000 a year will not see their taxes go up. But lets see in
Obamacare there is a sales tax when you sell your home. This guy couldnt tell
the truth if he had to. Obama said is this place that dysfunctional? Duh and who
has been the leader in dyfunction?
It's entertaining to hear conservatives complain about a tax cut. What happened
to wanting government to be so small you can drown it in a bathtub?
@Schwa Will this be a tax cut in two months? There are tax cuts
that mean something and tax cuts meant to make a politician appear caring. This
is the latter. It's just so amazing that anyone can call this whole
thing anything but pure stupid. Don't get me wrong. I thought it was a stupid
idea when Bush decided that all the economy needed was for the Federal
government to send everyone $300 and hope they bought something. But this whole notion that adding $40 less to social security for 8 weeks and
instead calling it a tax cut is somehow going to save the middle class is just
ridiculous. Is the money no longer going to be vital in March?"Things aren't as bad as they could be!"
This bill is not going to fundamentally transform our country...so why all the
KM. To your point "not going to fundementall change our country" you
are correct on this one bill. However, the greater point is this: this bill and
many others over the years have fundementally changed the country from "
ask not what your country can do for you, but ask what can you do for your
country. President Kennedy saw this. It has changed as well from being the
"light upon a hill" that President Reagan saw and envisioned! Now we are a country full of 'what can I get at all cost"
wallstreet.Now the country is full of those who try to save selected
groups.Now our country is full of those who have no allegience or love
for her,illegals.Now our country is not the pre-eminent world power in all
ways! Yes our military is still, but that is threatened by the decline in
capitalism(deplored by many including occuppyers), and a decline in the National
good!Now we deplore or leave standing alone long standing allies and
bow to foreign nations cohersion and treachery. Now citizens and
others expect America to feed, clothe and medicate them for nothing!Take from others for Me!
Tis the Season for Schadenfreude! President Obama is my hero! The guy is like a
mixed martial arts master. A little bit of rope-a-dope, a little bit of jujitsu,
and he then kicks the legs right out of the House GOP and the Tea Party all at
once.Us Democrats have been setting this trap for conservatives all
year long. Then we had to be patient and let it run its course lest we tip the
conservatives off. We exposed that conservatives are really not for
tax cuts at all. They are hired guns that are used by the very rich to push an
entire package that is favorable to the complex agenda that the rich may have.
Conservatives don't represent their constituents, because their
constituents don' have the money to pay the commission. The rich do! It is an
arrangement of where I scratch your back and you scratch mine. The rich pay for
the campaigns and the public servant executes the task they are given by their
masters. The conservatives were not willing to shoot the hostage! We
now know they were bluffing all along. Obama in 2012!! Viva America.