Do You Trust Obama with Your Retirement Insurance?

[Charleston Chew]

Run time: 05:39 https://www.youtube.com/watch?v=baR4dkQLM6Q   Posted on YouTube: December 14, 2010 By YouTube Member: SamSeder Views on YouTube: 485   Posted on DU: December 15, 2010 By DU Member: Charleston Chew Views on DU: 749

 
"I Don't Trust Obama with My Retirement Insurance, Do You?"

A clip from http://majority.fm -- see also a brief post to accompany this video at http://huff.to/dVOfyn excerpted below..
The President of the United States believes that the fully self-funding Social Security program contributes to the deficit and the debt. He said as much just the other day on NPR. He believes it so much that he wants to prove it to you by selling a you a tax compromise, which will, for the first time since I've been alive anyway, actually cause Social Security to contribute to the deficit. His compromise includes a 2% Social Security tax "holiday" which will be made up from General Fund revenues... You follow that? He is messing with the self-funding mechanism of Social Security, the political and fiscal bedrock of this incredibly successful program, to provide a tax cut which could just as easily come from the General Fund like Bush's famous rebate checks. I don't trust him with my retirement insurance, do you? http://majority.fm

__________
Majority Report streams live M-F at 11:30AM-1PM @ http://majority.fm /
PODCAST available at http://majority.fm /
__________
Join the Majority Report as a member at http://majority.fm/become-a-member /

[RC]

1. When I voted for Obama, I really thought I was voting for a

center of the road Democrat. Turns out I voted for a Republicon.
Obama doesn't even remember his roots anymore.

[Catherina]

12. What roots?

The guy came out of nowhere. He has no roots except to the people who thrust him on the stage.

[sirthomas66]

2. Not at all. Even the people below 50 are in trouble. They should take

all the extra money (net of taxes) this gives them, add back the taxes on it, then invest it is something safe--not stocks. And do that every year the holiday remains in effect. DO NOT SPEND IT! There will not be enough refrigerator boxes to go around!

[davidwparker]

3. No. I know longer trust Obama for directions to the nearby

7-11.

[BlueJac]

4. OBAMA is a tool.....

I wouldn't trust him with lunch money!

[FlyByNight]

5. No

SSI will be just another bargaining chip to make future "deals". And it'll be weakened repeatedly, gradually over time. Rather odd symmetry really: SSI implemented under a Dem and its demise begun under a Dem.

You don't handpick that bullshit debt/deficit commission without signaling what you want done. The financial services Dem strikes again. I think we're screwed.

[sirthomas66]

6. Right. Very clear thought. Still, I think if they try to cut too deeply

there will be violence. And even progressive democrats will participate in that violence. I see it coming.

[liberation]

7. I doubt it...

... if you see any violence it will be by middle class tools who have been convinced that the cuts are not big enough.

[sirthomas66]

8. I disagree with that adamantly. I have been in positions where I

have watched people reach the end of their understanding. But to each his/her own.

[SharonAnn]

9. Not any longer. I used to trust him with my retirement, but no longer.

[avaistheone1]

10. Ahh

After the Catfood Commission, and Obama tying the Payroll tax holiday to the General Fund....NO WAY!!!!!!!

[20score]

11. I trust he will do the wrong thing. His actions prove it.

[Charleston Chew]

13. The Majority Report is on the air!

__________
Majority Report streams live M-F at 11:30AM-1PM @ http://majority.fm /
PODCAST available at http://majority.fm /
__________
Join the Majority Report as a member at http://majority.fm/become-a-member /