…Obama needs a tax cut and his liberal base won’t let him cut taxes that need cutting. Jim Quinn over at Zero Hedge explains the problem:
…The party that presents Social Security as a well run outstanding example of government at its finest has decided the best way to create jobs is to double down on you paying even less in payroll taxes than you did this year. We know for a fact the average person will get between 25% and 125% more than they paid into Social Security. The Obama plan last year and again this year is to drastically reduce the amount paid into the Trust fund, so you can have the privilege of consuming the same amount of food and energy at a much higher price. Brilliant plan! It is amazing how liberals and Keynesians can have such disregard and scorn for future generations who will be handed this bill with no means to pay.
The Republicans went along with the 2011 payroll tax cut of 2%. They will go along with the 3.1% payroll tax cut. You see, this is how politics works. Since the payroll tax was “temporarily” cut, whoever lets the payroll tax cut expire will be declared a tax hiker. Therefore, the “temporary” payroll tax cut will be extended indefinitely, further impoverishing future generations. Meanwhile, how many jobs did the first payroll tax cut create? How many will the extended and increased payroll tax cut create? None! Obama is using the George Bush tax rebate check method of destroying the country. Both decided to address a government spending problem by reducing revenues. This is par for the course and explains why the economy is teetering on the verge of collapse…
And we really shouldn’t go along with Obama’s next installment in “temporary” payroll tax reductions. I know, I know – for us GOPers, a tax cut is always a good thing…and it is, at the end of the day, better that people keep more of their own money. But if we go along with this, then all we’ll have done is allow Obama to get a campaign talking point while further shoving us in to bankruptcy. We must balance our budget – this is not a thing we can kid around with or kick down the road. We have, at most, three or four years before the whole thing falls apart and our government finances become like Greece’s.
For us in the GOP, our duty is to demand massive, across-the-board budget cuts – and, yes, demand tax reform, too; but budget cuts come first. And in the end, balancing the budget is so important that we must not even shy away from tax cuts…but not until at least $500 billion is reduced from spending. And I don’t mean “over ten years”…I mean that in FY 2012 (which starts October 1st) we must spend at least $500 billion less than we spent in FY 2011. If we can’t get at least that, then no tax increase in any way, shape or form can be agreed to.
To call this a serious moment in our nation’s history is to downplay what we’re going through. Our economy and the global economy teeter on the brink of collapse. If it does collapse, then hundreds of millions of people will begin to suffer very gravely. In spite of asinine stories about China replacing us, the fact is that unless the United States pulls out of recession, no one really will. Only America, properly governed and with a rational economic policy can do what needs to be done. Our payout if we don’t act properly will be poverty and, very likely, a rapid rise in global tyranny leading to eventual war.
This is not the time for gimmicks – but that is likely all we’re going to get from Obama. But we, of the Republican party, must have none of that – we must stand for solid, responsible policies which will actually cure the illness…and we must be courageous enough to go in 2012 on such a platform. Let Obama and his liberals play games, let us save America.
I just turned 51 less than a week ago and I will make any administration an offer. Just give me back exactly what I paid in (reasonable interest would be nice but not mandatory) and then you can remove me from you roles. I can do better investing than you have done over the previous 35 plus years in less than the 21 or so I plan on remaining at work.
I never liked being forced into this Ponzi scheme and several years back the SSA already mailed out admissions that even I will never see what I put in–if I am lucky it could remain at 75%. Too many looters in this world. I was never one of them and will never be.
One of the biggest LIES is that it is in a “trust fund” it has been spent every year and a big IOU is where the money should be. SS is a SCAM of biblical proportions.
When set up the average death was 65, gee imagine that, it was never intended to pay out.
no interest…if they paid interest SS would be funding at least for another generation to come
If they gave all us guys 45-55 the ability to “opt out” of SS, I’ll bet more than half of us would…I’d do better putting the money straight in to my 401k…and the government can even keep my “employer match” to pay for those too propagandized by Big Government to see where wisdom lies.
“And we really shouldn’t go along with Obama’s next installment in “temporary” payroll tax reductions. I know, I know – for us GOPers, a tax cut is always a good thing…and it is, at the end of the day, better that people keep more of their own money. But if we go along with this, then all we’ll have done is allow Obama to get a campaign talking point . . .” Mark Noonan
Well Mark, you do indeed show your true colors with this statement. It is party over country – party over what is in the best interest of the people of this nation. How hypocritical to daily complain about the economy and how Obama does not do the right thing – EVER. And yet when he puts forth a plan, which includes GOP ideas, your response is “we really shouldn’t go along with Obama”. And why? Not because it is not a good idea and good for our country, but if the GOP wants to continue to paint Obama as a weak president, the economy MUST continue to flail and fail. This is what is most important to the Republicans and they have done everything it is power to make sure Obama’s presidency is a failure. However, the GOP has failed at that as well. But you just keep on a trying. Shame on you and the Republican Party in putting party before country. You are willing to see this country go into a double dip recession (depression would be even better for you and your ilk) just so you can regain the White House.
When did the Republican Party decide that only Republicans were entitled to the office of the Presidency? Obviously the American people do not always agree with your assesment. Bush barely won his elections, with the SC stepping in to decide in his favor in the first one. Bush Sr. lost the Bill Clinton, which truly angered the GOP – to have a Democrat take away George HW Bush’s second term. That is when the GOP went after Clinton with all they had. And the GOP’s favorite tactic??? Why of course, impeachment. How many times have the Republicans threatened impeachment for Obama? Before he was barely sworn in as president, those on the right were throwing around the word “impeachment”. The Republicans are the poorest loosers in this country.
So it is no supprise to me that Mark spells it out so honestly – let the country fail if it means we can get Obama out of office. Because, frankly, a Democrat should never be allow to serve as president of this country – even one who was elected with an over whelming majority of votes. And Party is always more important than Country. This from those who claim they are the most patriotic Americans and love this country more than any other group of Americans.
lack of reading comprehension and BS seem to be your strongest points.
you are the scummy on on this blog.
Like obAMATEUR’s “jobs plan” we have heard this before….
Dreggs completely ignores the facts that obAMATEUR had the majorities he needed to pass everything he wanted. His failures are his and his party’s alone. Only recently, has the Republicans taken back the House.
But why quibble about details that blow her dumbed down talking points out of the water.
Not one person addressed the truth of what I wrote – especially you Mark.
“Well Mark, you do indeed show your true colors with this statement. It is party over country – party over what is in the best interest of the people of this nation. ”
That’s been obvious for quite some time. Mark just isn’t bothering to make his usual weak attempt to hide it anymore. He and his ilk have nothing but mindless opposition and hatred to offer. It’s sad, really.
Imagine this. Patroitic millionaires:
scummy id rather see a Patriotic lib, seems you are all commies and islamic apologists.
and you are scum