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Reply #83: The POINT is that NOW, thanks to the Payroll Tax "Holiday", [View All]

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bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 05:35 PM
Response to Reply #78
83. The POINT is that NOW, thanks to the Payroll Tax "Holiday",
...Social security IS "a drain on the economy" and IS contributing to The Deficit.

By design, the shortfall in Social Security Revenue (FICA contributions) caused by the Payroll Tax "Holiday"
are made up from the General Fund.

Payroll Tax Holiday Directly Connects Social Security to The Deficit

The General Fund is currently in the red,
and transferring funds from the General Fund to Social Security NOW adds to The Deficit.

Prior to the Payroll Tax "Holiday",
Social Security was completely separate from the General Fund and running a BIG surplus.
It was designed by Democrats to be separate from the General Fund for that very reason.
Connecting them is NOT a smart idea,
and it is NOT a "Democratic Party" idea.

A "Democratic Party" method of addressing this issue
would be To RAISE the Cap on Payroll Deductions,
but for some reason,
you won't hear THAT from anyone in the leadership of the New Democrat Centrist Party.



You will know them by their WORKS,
not by their excuses.
Solidarity99!
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