OBAMA's Trojan Horse - No, He Won't Cave! - by David Corn

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8. I strongly disagree with Corn.

The reduction in FICA contributions ("Payroll Tax" in Republican Speak) was NOT a good idea.
It is proving to be not-so-temporary,
and Social Security is NOW directly connected to The Deficit.

Payroll Tax Holiday Connects Social Security to the Deficit
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1538388

If you are looking for a Trojan Horse,
you can't find a better one than the Trojan Horse in the "Temporary Payroll Tax Holiday".
No Republican Administration could have EVER gotten away with FICA reductions,
and any future Republican Administration (and they WILL come) will be free to raid FICA and call it a "Democratic Stimulus"
now that this ill conceived precedent has been created & endorsed by a Democratic Administration.

Social Security was created with an inviolate, independent funding mechanism for a reason.
The wall between the General Fund and the Social Security Fund has been torn down,
by the Democrats.

As far as the unemployment extension, it didn't help those thousands whose benefits had already expired,
but only helped the few whose benefits were about to expire, and only for a year.
For THIS, the ruinous Bush Tax Cuts for BILLIONAIRES were extended for a full two years.
This is not a good trade when one Does the Math.