Posted on 12/21/2011 7:20:14 PM PST by Steven Tyler
Vanity: Why did the GOP Senators vote for a two month extension in SS contribution cut? Why did the GOP Senators not hold out for the congress one year extension?
The only way to change Social Security is to eliminate FICA "contributions" (taxes) entirely while maintaining Social Security payouts using general funds, with payouts capped at the individual's actual "contributions" and the option for a two-thirds (or whatever partial percentage) buyout in which the recipient waives all further claims against the U.S. government.
Any other solution that directly relies on being phased in will fail - just like the car tax "cut" here in Virginia, which was frozen after several years and remains in place, just at lower rates than when the tax "cut" was originally passed. After all, the whims of politicians can change from one General Assembly (or Congress) to another.
////To get out of Dodge before Christmas.///
Winner
It will get a bipartisan majority everytime.
>> Who then, is going to fund SS?
This “payroll taxcut” is a load of crap, and liability to be eventually shouldered by kids now elementary school. Piss be upon DC.
Manchin is a blue dog D.
Cornyn votes with the RINOs...obviously has big time ambitions.
They are idiots.
Because their votes will cause the seniors to be homeless and die.
The Democrats votes help the working class while doing no harm to our seniors.
You know, that’s sick.
And, true.
We would be in a worse mess if the House went along. We should count our victories when we get them and regroup for more battles. The Senate is up for grabs next year and we need to get more conservatives elected for that body.
Without having the Senate bill to read, you can’t know entirely. The pipeline, to the Senators serious about jobs and energy we can have quickly on hand, is a serious issue.
So, they tied this approval to an extension in the “payroll tax cut” because the dems/obama want to be seen doing it. The liberals don’t want the pipeline, and want to have this subject come up again in two months, hence the two month extension (remember, dems want us all on the govt. teat).This is all inexcusable time wasting gamesmanship— to no good result for US citizens.
The main problem in all this is that the language is all wrong (and it is the media using the dems language). The “tax cut extension” is an extension of reduced mandatory withholding to the Social Security system (the FICA withholding).
Technically, these are called “contributions” to the SS insurance plan....but NOW they are calling this a “tax”. What continuing to extend the reduction in withholding to SS does is REDUCE the amount collected into the SS trust fund. The Democrats (under LBJ) long ago raided the Trust Fund, taking the funds from there and putting them into general revenue ledger and leaving an IOU to the fund. They did this to fake out the books and not show the actual debt/deficit of their spending.
Just listening to the radio BS on this language is very annoying. True, a year of reduced withholding means more money in peoples pockets— but Social Security is going bankrupt (actually is bankrupt)and reducing the funds for it will continue to destroy it.
If you really want to analyze the dems point of view— the obamaites anyway— Cloward Piven Alinsky intends to break down this pillar of society support systems. That does fit, but the repubs are not pointing that out. “Saving Social Security” would be the claim of no longer extending the “cuts” but the dems have already started the “money in the pockets” largesse, and repubs are playing along with them and upping the amount to one full year.
Dumb as the public is, the repubs may win this propaganda war— since Harry Reid and the Senate already left town, as has most of Congress. Lot of BS floating around.
Amen to that!!
Boener needs to fall on his sword, literally. The house Republicans are being led by an idiot.
I fully sympathize with you, but this is just a ruse to "tax the rich," of which you are considered to be if you are not one of Eric Holder's people.
Hidden in all this is the fact that this is going to be paid for with a fee attached to new mortgages. If you plan on getting a mortgage any time in the future, you are going to pay for it then.
I say abolish the whole thing. I have paid into it for over forty years and never collected a cent, but I would happily forego collecting anything if we could kill the Social Security redistribution monster.
The kids at OWS should be protesting Social Security, they are just too dim to realize it.
Because they are too stupid to have first fought for an equivalent, permanent income tax deduction instead.
Then, even if they’d lost out to the temporary payroll version, they could have maintained the taxcutter mantel and explained why their version was better for taxpayers and the economy.
Collecting FICA is not linked to paying Social Security.
If you plan on buying a house and actually paying the mortgage, you are "the rich."
Who then, is going to fund SS?
That argument goes for every tax cut: “How will we fund education? How will we fund roads and highways? How will we fund the troops?” Those are Nancy Pelosi arguments against tax cuts. I don’t buy them when she’s making them, and I don’t buy them even if Republicans are making them. I want to keep the money I earned!
Because the Progressives on the ‘Right’ are also totalitarians and are actually Leftists in ‘conservative’ clothes. To wit, Kyl, McCain, Brown, Snowe, Collins, Cornyn, McConnell, .......
Them what don’t leave with the ones that brung ‘em to the dance in the firat place should be dragged home by the short hairs.
Recall and impeach them. And the Democrats. All of them.
Well let’s be clear about what FICA is SUPPOSED to be funding directly into the SS trust fund— if indeed what you meant by your comment is that SS does not get the money because it gets diverted to general revenue. If you didn’t mean that, then respectfully you do not know what you are talking about.
Here is what the US Government defines FICA as:
” The Federal Insurance Contributions Act (FICA) tax is a United States payroll (or employment) tax imposed by the federal government on both employees and employers to fund Social Security and Medicare.”
The sheer hilarity of this legalistic language mumbo jumbo is that a “TAX” has an official act of Congress title of being a “CONTRIBUTION”!! A contribution would be a voluntary giving of money—taxes are not voluntary. This is all part of the great lie that is our lying government and in particular Congress and our present-dent. This is also why asshat democrats and the stupid people of this country would think that cutting a “contribution” to the failing (raided upon) SS trust fund could be called a tax cut, when in reality it is one more blow to the proper funding of the so called trust fund.
At some point, you will hear democrats talking about how republicans want to destroy SS— because they supported what the democrats ARE doing- destroying medicare.
The whole reason this turnaround happened was because of the reduced payments to physicians— pure and simple. In any case our debt has been raised further, and employment by employers again stymied.
Deo Vindice.
The only way to FIX the problem is, of course, to eliminate the problem.
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