“Lissen up—all you hens, capons and roosters. You know you can trust me.”
Colonel Harlan Sanders
Would he be happier if we just paid him to campaign for the rest of his life?
I know I would be
And the country would be better off and save a TON of money in the long run
Last summer when Zerobama took his million dollar (taxpayer-bought) Canadian busses out to campaign? It was to see White People.
Why not Blacks? I think we all know the answer to THAT. When you have a 90 percent lock on garnering the Black vote just becuase they will vote for the Black candidate....
Why waste the time and energy?
I’ll bet the average family would gladly pony up that extra grand or so if it would erase everything associated with this President and this administration.
Will they be busing in union members to make the gymnasium look full?
I did some math:
In 2011, Obama cut the percentage of FICA deductions on every employee. The EMPLOYER paid the old, full amount of 6.2%
Let’s say that there are 100 million people working in the USA.
Let’s say they are making only $10 an hour—40 hours a week and 52 weeks a year.
That is 2040 hours a year, times $10 per hour, an earnings of $20,400.00 annually per worker.
For 100 million workers, that is a total of $2,040,000,000,000.00==2 Trillion, 40 Billion dollars gross earnings.
Current 2011 reduction at 2% for the worker, has created a shortfall into Social Security funds of $40,800,000,000.00 40 Billion, 800 million dollars.
This is at a rate of only $10 an hour.
Millions of people earn more than $20,400 annually in this country and thousands earn well above $250,000. FICA deductions cut off at just over $100,000 of gross earnings per employee.
Now, Obama wants to raise the cut in FICA tax deductions to 3.1% for the employee AND 3.1% for the EMPLOYER both.
That totals 6.2% combined.
Using the same 100 million workers & the same annual earnings of $20,400.00 per person, that cut of FICA deductions will amount to $126,480,000,000.00 126 BILLION, 800 MILLION less into Social Security.
In 2011, Social Security went into NEGATIVE position: meaning that more money was already being paid out than was going into the account.
This action for 2012 on the part of Obama would move that shortfall up 3.1 times the shortfall of 2011.
This is a very conservative calculation of such shortfall, since I only used a wage of $10 per hour, barely above the minimum wage.
Such actions will collapse Social Security in a matter of months—by the time November 2012 gets here, the system will be on the ropes.
Current workers also need to realize that every dollar less they pay into the system is less money that they will get when they retire.
Obama is destroying another part of the American system.
This increase in the FICA cut will only accelerate the whole collapse.
;^)
He should travel down the road a bit to State Capital of Harrisburg and give us all a speach about how well Gov’t is at managing money. Hell, managing anything.
local reports are only 225 people turned up
After destroying the country , you'd think Obama would want to hide his face because of the terrible job he did.Has he no shame?
Or is the liberal media too good at hiding joblessness and the decline of America?