General Discussion

bigbrother05

(5,995 posts)

2. The FICA cut was something the Prez could do w/o the Congress

Mon Dec 31, 2012, 10:49 PM

Dec 2012

He could see the need to put money into the hands of the working man to keep the economy going. He wasn't going to get another stimulus from Congress, so he went with an option that was in his control. The risk was reduced investment in SS for the short term in exchange for a spur to the recovery. As feeble as it has been, we might have already swung back into recession without it.

Not the long term solution, but given the options, not a bad choice. It looks like we'll be seeing more 'creative' things in the months to come. With RW obstruction continuing, am fairly certain there will be things that we won't like and are not sustainable over the long term.

Until the GOP is broken at the Congressional District level, it will continue to be trench warfare in DC.

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The Payroll Tax Holiday is and has always been a poison pill for Social Security [View all] TheProgressive Dec 2012 OP

I totally agree. But from the news the payroll tax cut has been doc03 Dec 2012 #1

The FICA cut was something the Prez could do w/o the Congress bigbrother05 Dec 2012 #2

Well, that's a load of boloney... TheProgressive Dec 2012 #3

There's a lot of baloney being posted here lately. I'm amazed at the lack of civics knowledge. freshwest Dec 2012 #4

Lack of civics schooling is part of 'their' plan. TheProgressive Dec 2012 #6

good op Progressive! The intent is as exactly how you describe it. watch the apologists tell you he In Truth We Trust Dec 2012 #5

It is our duty to continue the democracy that the founders established... TheProgressive Dec 2012 #8

If you believe that, I've got a bridge . . . . JDPriestly Jan 2013 #30

It was part of a temporary stimulus package and should now be eliminated. grantcart Dec 2012 #7

Agreed. However, the 'news' people say it is reinstated... TheProgressive Dec 2012 #9

It's fine if they wanna retain the cut. Jackpine Radical Dec 2012 #10

This message was self-deleted by its author Yo_Mama Dec 2012 #11

The Social Security rate will be restored: DevonRex Jan 2013 #12

Decent humans has no problem paying their way.... TheProgressive Jan 2013 #13

Big K&R! Good riddance! grahamhgreen Jan 2013 #14

Agreed. SoapBox Jan 2013 #15

so you agree that the president's secret plan BainsBane Jan 2013 #17

its purpose is stimulus BainsBane Jan 2013 #16

All I can say is... wow- what a post! TheProgressive Jan 2013 #18

what are you talking about? BainsBane Jan 2013 #19

Three paragraphs of total gibberish... TheProgressive Jan 2013 #21

you have no idea what you're talking about BainsBane Jan 2013 #25

Well it is not a 'democratic' idea however it is an Obama pushed idea... TheProgressive Jan 2013 #27

questions about your misunderstanding? BainsBane Jan 2013 #28

google regressive taxation BainsBane Jan 2013 #22

That didn't work on me. I up'd my 401k contibution by 2% when it went into effect. RB TexLa Jan 2013 #23

but the poor spend it BainsBane Jan 2013 #26

It is definitely a help...... MzShellG Jan 2013 #20

How about just a normal tax cut instead... TheProgressive Jan 2013 #24

This is becoming my fave post: snot Jan 2013 #29

great read, thanks [nt] Demo_Chris Jan 2013 #32

It's not that simple. Everyone pays FICA, not everyone pays income tax Demo_Chris Jan 2013 #31

Yes, everyone who receives a paycheck up to $106k. But... TheProgressive Jan 2013 #33

Refundable tax credit, just like the subsidies in the Wealthcare and Profit Protection Act TheKentuckian Jan 2013 #34