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CarlitosMMT

(55 posts)

22. Profound ignorance prevails

Reply to Miles Archer (Original post)

Tue Mar 10, 2020, 08:52 PM

Mar 2020

The Obama payroll tax cut was most successful measure of the recovery acts

It did not change one cent of funding for the fictional trust funds as Congress directed the Treasury to make our payments.

Meanwhile, the federal govt deficit is always completely sustainable as the federal govt is the issuer of the currency and tax monopolist.

I hate Trump. I love this idea. It’s incomplete and a lot more other stuff needs to be done. But don’t throw this away.

PS I have a Masters in Economics and my specialty is fiscal/monetary operations. Please do not reply with unhinged Trump-like ignorance on matters you prolly know nothing about.

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Highlight:

Why Trump wants to cut the payroll tax, "the primary funding mechanism for Social Security" [View all] Miles Archer Mar 2020 OP

Thanks for that article. I've been trying to figure out what payroll tax he was referring to, as Frustratedlady Mar 2020 #1

The Obama administration customerserviceguy Mar 2020 #2

It was the only way Obama could get cooperation on a Captain Zero Mar 2020 #9

WELL SOME OF US CRITICIZED! And for same reason. Of course lots of yall chose to ignore ... nt Kashkakat v.2.0 Mar 2020 #23

I don't recall that customerserviceguy Mar 2020 #30

I sincerely hope he gets the virus and does not do well 2naSalit Mar 2020 #3

Easter? I can't wait that long. Dem2theMax Mar 2020 #12

Agreed. 2naSalit Mar 2020 #25

I'm fine with waiting until next week. Dem2theMax Mar 2020 #28

Absolutely! 2naSalit Mar 2020 #29

the Ides of March dweller Mar 2020 #31

Yeeesssss. 2naSalit Mar 2020 #32

More here: calimary Mar 2020 #4

The orange scum, and his ilk, want to take away everything warmfeet Mar 2020 #5

Who told him what to do? TNNurse Mar 2020 #6

Scum, they are just scum. That black stuff at the bottom of the swamp. Fla Dem Mar 2020 #7

Scum is on top of the Swamp maxsolomon Mar 2020 #14

Mind if I steal anaerobic muck? I_UndergroundPanther Mar 2020 #26

not at all. maxsolomon Mar 2020 #33

Isn't the payroll tax only 5/6% of your weekly/bi-weekly pay? That's no real money. iluvtennis Mar 2020 #8

And your employer matches it. maddiemom Mar 2020 #11

K&R for all to see. GOP still hates the New Deal. bronxiteforever Mar 2020 #10

They did this to the post office ... aggiesal Mar 2020 #13

Kick dalton99a Mar 2020 #15

The Democratic House would have to pass this, right? Jim__ Mar 2020 #16

Not to worry, the deficit will be reduced Mme. Defarge Mar 2020 #17

Fuck that shit. Cut checks for workers like he did the farmers! SunSeeker Mar 2020 #18

Scam is to not talk to Ds & foist a take-it-or-leave-it deal on the Ds, complete with propaganda. nt Bernardo de La Paz Mar 2020 #19

FFS STOP CALLING IT "payroll" tax!!! Its more precisely called FICA or Social Security tax."Payroll Kashkakat v.2.0 Mar 2020 #20

PS Lets call out media who are using this imprecise, misleading terminology - esp those who claim Kashkakat v.2.0 Mar 2020 #21

Profound ignorance prevails CarlitosMMT Mar 2020 #22

Just remember .. it's a (R) that wants to fuck with SoSec. lpbk2713 Mar 2020 #24

The damn little bit of money that anyone would get, even if they cut SS to .00 isn't going to napi21 Mar 2020 #27