General Discussion
In reply to the discussion: SAY WHAT YOU WANT about President Obama...in 8 years, Bush NEVER did this. [View all]TiberiusB
(526 posts)Indeed, why the extra step of taking money out of SS only to immediately pay it back from the general fund. That's practically the definition of a ponzi scheme. What isn't getting funded out of the general fund so that SS can be re-paid? Isn't SS prohibited by law from drawing money from the general fund?
Worse, Obama is framing the debate as, once again, "the answer to everything is a tax cut." Someone tell me how the payroll tax gets restored when Obama has served up the perfect attack ad for anyone proposing such a thing.
I can see it now, "President Obama wants to raise the very taxes he said were vital to cut. <cue clip of Obama pressing for payroll tax cut as being vital to the economy and talking about how important even an extra $1,000 is to most Americans> Well, I think most Americans would say they still need that money, Mr. President. I stand with them in opposition to this tax hike. Times are tough, let's not make them tougher."
Anyone seriously doubt this will happen? In any debate about any tax increase, payroll or otherwise?