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RC

(25,592 posts)
13. The Payroll Tax Cut opens a door between the General Fund and the totally separately taxed fund for
Wed Dec 21, 2011, 03:33 PM
Dec 2011

Social Security.

A door that was not even there before. That is the real reason this particular tax cut was set up as it was in the first place, to establish that connecting door.
Secondary to that is the propaganda of giving people a little extra money. That was to sell the tax cut and to make it harder to rescind. Those that need the money the most, get the least and vice versa. And down the road that is just that much less money to pay out to retirees. The replacement funds from the general fund is a smoke screen, a Trojan Horse, if you will. The small amount each tax payer gets is too small to do much for any recovery. All it will do is make Christmas revenues look a little better, so they can say "Hey look we are still on the course to recovery". The reality will be 'not so much'.

People should be concerned about taking money from a broken general fund to pay for Social Security paychecks. How long would we expect that to continue?

Most people will not connect the dots, let alone look far enough down the road to if/when the Republicans have full control of Congress again and they will balance the budget with their short sighted and wrong headed “if it gets spent here, we have to cut there” mentality.

The cuts will come from Social Security because it is now “funded” from the General Fund. Never mind most of it is still not, the perception put out by our greedy overlords, will be Social Security is killing any balanced budget and will have to be cut or eliminated.

And that is why the Payroll Tax Cut is wrong from the get-go. We are being had again people.

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