Originally posted by OutKast Searcher
And now Obama wants to extend that for at least one year...there is only one little problem....REPUBLICANS. They don't want you to have that extra
cash...they want to raise your SS tax up 2%...they want to stick it to the group of people that need this extra cash the most.
I posted this on another thread about this, but it fits here:
When Obama lowered the FICA contribution by 2%, he put a little bit of cash in every wage earner's pockets. That's a positive thing, right? Well, it
depends on how you look at it.
Social Security was sold and designed as sort of a savings account, or insurance (thus the "contribution" and "benefit" terms associated with it,
even though it's nothing more than a tax). So, in effect, when he lowered the "contribution" amount he robbed the piggy bank and circumvented the
whole reason behind it. You can't have a savings if you pull money out of it.
It's almost certain that even if anyone noticed that their paycheck was slightly bulkier, they probably didn't put it together that the 2% they just
gained (and spent), is 2% they won't have when they turn 62. And it's even more unlikely that any significant amount of people took that extra 2%
and put it aside for savings or, heaven forbid, invested it.
The way I've heard it from the Progressives is that grandma absolutely [can't live without even one dime being taken from her SS check. And yet our
Lord and Savior Obama took 2%. Interesting, isn't it, that now that the GOP wants to restore that 2%, they get kicked in the teeth and called evil,
greedy elitists by the very same people that that throw a hissy any time someone even hints at SS reform?
/TOA