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

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41. It is NO myth...

...that FICA Contributions have been reduced by the Obama Administration under the guise of a "Temporary Payroll tax Holiday".

It is also no myth that Bush-the-Lesser accomplished the exact same stimulus without a Payroll tax Holiday by simply sending everybody a check from the General Fund.

It is also NO myth that the "Temporary Payroll Tax Holiday" contained legislation stipulating that shortfalls due the lowered collection of FICA contributions WILL BE RECOVERED from the General Fund.

"To prevent Social Security from losing tax revenue, Congress mandated that revenues be transferred from the general fund to the Social Security trust funds to make up for the tax reduction. "

http://taxes.about.com/od/payroll/a/Reduced-Social-Security-Withholding-For-2011.htm

It is also no myth that this has never been done before.
The "Payroll Tax Holiday" established a precedent.

Is also no myth that The Republicans could have NEVER accomplished this feat.
It required a Democrat to touch and ground The 3rd Rail.

It is no myth that once a precedent is established,
it is much easier to accomplish the next time.

The above are simple FACTS, not myths.
You can weasel & worm, distort & evade, twist & torture as much as you want to, but you can not deny the above facts.





You will know them by their WORKS,
not by their rhetoric, promises, or excuses.
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