Reply #19: "The Payroll Tax Holiday: Talk about a Ponzi Scheme!" [View All]

[bread_and_roses]

http://www.commondreams.org/view/2011/09/09-4

Published on Friday, September 9, 2011 by CommonDreams.org
The Payroll Tax Holiday: Talk about a Ponzi Scheme!
by Wendy Mink

Is President Obama trying to kill Social Security without explicitly saying so? He put Social Security "on the table" for consideration by his Deficit Commission -- even though Social Security has not contributed to creating or sustaining the deficit/debt in the first place. He kept Social Security on the table when he made a deal to delegate deficit reduction authority over entitlements to an undemocratic Super Committee. Now, in a speech reportedly about jobs, he proposed to extend and increase the ill-considered FICA tax cut he embraced last December -- a tax cut that directly undermines the financial integrity of Social Security

Plenty around here telling us how it's all good, though .... thankfully, many also seeing right through it.

I may be almost 61, but I am not willing to sell out my fellow workers and citizens just because I am older thsn they are. Not to mention our children and grandchildren - in the ever-less-likely chance they live under conditions remotely resembling civilized in the near future.