General Discussion
In reply to the discussion: Senator Tom Harkin (D-Iowa) charges Obama with "beginning the unraveling of Social Security" [View all]bvar22
(39,909 posts)The so called "Payroll Tax Holiday" is nothing more than a Stealth Attack on the most successful social program ever created,
AND a (previous) Cornerstone of the modern Democratic Party,
cleverly disguised as "Progressive" step that helps the Working Class.
Even the terminology used to market this scam would make Frank Luntz proud.
The Republican Framing of FICA Contributions is "Payroll Tax",
and WHO doesn't want a "temporary" Holiday?
Weeeeee!
What this really is, is a PERMANENT reduction in FICA Contributions, the program that FUNDS Social Security and Medicare.
Neither Obama & the "Centrist" Democrats, nor the Republicans are EVER going to say,
"Well, the Holiday is over. Time to Raise taxes."
That is NEVER going to happen,
AND the promoters of this attack on Social Security KNEW that when they first designed this SCAM.
Payroll Tax Holiday Directly Connects Social Security to The Deficit
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1538388
The Republicans are already whining now about Social Security "Ballooning the Deficit".
The FICA (Federal Insurance Contributions Act) created a separate and independent funding system for Social Security.
It was designed the way FOR A REASON.
FDR & LBJ would NOT approve of connecting Social Security to the General Fund,
and neither would any REAL Democrat.
George Bush would have NEVER gotten away with calling for a reduction in FICA contributions,
but somehow, its NOW all good.
Gawddamm! I miss the Democratic Party I joined 44 years ago!
You will know them by their WORKS,
not by their excuses.
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