Thread: Payroll Tax Cut Extension will gut SS, according to Rush

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  1. #1 Payroll Tax Cut Extension will gut SS, according to Rush 
    Administrator SaintLouieWoman's Avatar
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    http://www.newsmax.com/Newsfront/Rus...mo_code=E2CE-1

    Rush: Ignorance Surrounds Payroll Tax Cut Extension



    Tuesday, 14 Feb 2012 12:53 PM
    By Amy Woods

    The ignorance surrounding the payroll tax cut extension President Barack Obama is pushing is “appalling,” and the measure will gut Social Security, Rush Limbaugh said today on his radio show.

    “I do not understand why somebody doesn’t characterize this payroll tax cut for what it is — gutting Social Security because it is not being, quote / unquote, paid for,” Limbaugh said. “The Republicans, for as long as I’ve been alive, have been accused of gutting Social Security. Here’s Obama doing it. Obama and the Democrats are actually doing it.”

    He shamed the GOP for reaching across the aisle and trying to compromise with the Democrats rather than using the payroll tax cut extension against the opposition party.

    “From a political standpoint, it’s a gold mine here, and they’re not using it,” he said.

    On the issue of the newly released budget, Limbaugh called the document “outrageous” and “simple irresponsibility.”

    “If everything happened that Obama wants in this budget, folks, it’s over,” he said. “It may be over anyway, if Obamacare is fully implemented.
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  2. #2  
    Resident Grandpa marv's Avatar
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    There have been voices crying in the wilderness from the begining; voices not listened to. Social Security is not, and never has been, a TAX! Ruducing the employees contribution IS NOT a tax reduction. It's a ruduction in future benefits that effectively transfers control of the funds to be paid out from Congress to the administration.
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  3. #3  
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    That may be true. However, I notice something.

    If we're talking about taking tax cuts away from the rich, then we can't do that. It's just persecution against the rich.

    If we're talking about taking tax cuts away from those struggling to meet their bills, then it's justified because of Social Security.

    This is wrong. I'm not going to say that the rich should pay for everything, but they can handle it better than the middle class does. This is CLEARLY trying to throw things off on the middle class. Truth is the far right is all for cutting programs for the elderly when it fits their political agenda. All this talk about cutting Medicare hasn't left our minds yet.

    Besides, don't we pay SS taxes no matter what?
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  4. #4  
    LTC Member Odysseus's Avatar
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    Quote Originally Posted by marv View Post
    There have been voices crying in the wilderness from the begining; voices not listened to. Social Security is not, and never has been, a TAX! Ruducing the employees contribution IS NOT a tax reduction. It's a ruduction in future benefits that effectively transfers control of the funds to be paid out from Congress to the administration.
    No, it's a Ponzi scheme. It always has been. Current recipients are paid out of current revenues, and nothing rolls over. When the number of recipients exceeds the number of payers into the system, it will collapse, just like every other Ponzi scheme in history, only this one will take the United States economy with it.

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