Monday, December 13, 2010

Social Un-Security

Don't kid yourself. Obama is coming after our social security.

If you aren't disgusted yet, you really aren't paying attention.

Tax Cut Deal A Hidden Threat To Social Security:
"WASHINGTON - The tax cut deal that President Obama struck with congressional Republicans contains a provision that could ultimately be the undoing of Social Security, say Senate Democrats and backers of the old-age and disability program."

The Obama Tax Deal: Giving the Hostage Takers More Hostages | TPMCafe:
"However, after further thought and conversations with people around Washington (first and foremost, Nancy Altman, the co-director of Social Security Works), I have become convinced that this deal would be a disaster. Paul Krugman does a nice job laying out the limited benefits of the stimulus, but my greater concern is what happens to Social Security in this story. Effectively, this deal would give us a permanent two-percentage point reduction in the payroll tax in a Washington climate very hostile to Social Security."

Daily Kos: The payroll tax holiday won't be temporary:
"But as I wrote yesterday, there's a problem: the payroll tax holiday won't be temporary. Sure, it's supposed to be for just one year, but if you think Republicans are going to miss an opportunity to demand permanent extension of a tax cut -- especially one that covers the cost of Social Security -- then you haven't been living in the same country as the rest of us. In fact, I can already hear Republicans saying that it must be extended, because now is not the time to raise taxes on the American public. And I can hear them now, laughing privately about the fiscal crisis that such an extension will cause for Social Security."

Remember when Obama was a Democrat:


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