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Thread: House Republicans Cave on Payroll Tax Cuts Extension

  1. #101
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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by Dittohead not! View Post
    Because perception is more important than reality in politics.

    The SS witholding became a tax back when Lyndon Johnson put the funds in the general fund. Since then, the money has been spent on everything from welfare to war, just like any other tax.
    So then the attacks on Bush were all BS like I thought. So, if it is a tax, let's do away with it all together, and let me invest for my own retirement. I am sure I would do better than 1% return.


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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by Dittohead not! View Post
    Because perception is more important than reality in politics.

    The SS witholding became a tax back when Lyndon Johnson put the funds in the general fund. Since then, the money has been spent on everything from welfare to war, just like any other tax.
    So then the attacks on Bush were all BS like I thought. So, if it is a tax, let's do away with it all together, and let me invest for my own retirement. I am sure I would do better than 1% return.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by j-mac View Post
    So then the attacks on Bush were all BS like I thought. So, if it is a tax, let's do away with it all together, and let me invest for my own retirement. I am sure I would do better than 1% return.


    j-mac
    I think you should have the option of dropping out of SS after 10 years of working. The cost of dropping out is forfeiting your benefits entirely, but in exchange, you can the deposit up to the first 12.4% of your income, tax free, into an approved retirement account.

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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Republicans in the house caved...yay...we have a 2 month extension which means those assclowns will now have to revisit this again in February, just like the did in November, and September.

    Oh...and the president is now going to request an additioanl 1.2 trillion dollar increase to the salary cap, because the latest cap extension didnt manage to resolve the problem. Meanwhile neither party in congress has done anything more thyan propose minor cuts to the DEFICIT spending which guarantees every year we will continue to add trillions to the debt.

    And some people call this...'winning'

    Go kick your grandkids, folks. Kick em right in the junk. Laugh at em. Help them up and then push them down again. Might as well toughen em up now. As long you keep picking sides with either of these groups you get credit for screwing over the next few generations. Swell with pride, baby.

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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by j-mac View Post
    So what! That arguably has been the problem.
    No it hasn't. Are you going to join Gill in making this preposterous, unsupported claim and then failing to back it up too?
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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by VanceMack View Post
    Oh...and the president is now going to request an additioanl 1.2 trillion dollar increase to the salary cap, because the latest cap extension didnt manage to resolve the problem.
    Huh? What are you referring to?
    "Yes I read the 9th [amendment]. It doesn't say **** about abortion." -Jamesrage

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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by j-mac View Post
    So then the attacks on Bush were all BS like I thought. So, if it is a tax, let's do away with it all together, and let me invest for my own retirement. I am sure I would do better than 1% return.
    No, you're not sure. Nobody can be sure. That's why SS exists. It's not a pension or savings account, and was never meant to be.
    "Yes I read the 9th [amendment]. It doesn't say **** about abortion." -Jamesrage

  8. #108
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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by j-mac View Post
    So then the attacks on Bush were all BS like I thought. So, if it is a tax, let's do away with it all together, and let me invest for my own retirement. I am sure I would do better than 1% return.


    j-mac
    Well, partly.

    When Bush proposed cutting payroll taxes and mandating that the amount cut be set aside in individual retirement accounts, the Democrats howled foul because Bush is a Republican.
    Now that the Democrats want to cut payroll taxes and allow people to do with the money as they will, but only for a limited time, the Republicans decided not to oppose it, but to use it to force the Democratic president to make a decision he doesn't want to make until after the election.

    The bottom line is that neither party has any clue how to make up for the lost revenue, they just know that tax cuts are popular.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by misterman View Post
    Huh? What are you referring to?
    Precisely what I said was going to happen when they did this the last time...and part of the problem with governing month to month instead of doing their job, passing annual budgets, and sticking to their budgets.

    (Reuters) - The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.

    The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.

    The debt is projected to fall within $100 billion of the current cap by December 30, when the United States has $82 billion in interest on its debt and payments such as Social Security coming due. President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer


    Obama to ask for debt limit hike: Treasury official | Reuters
    Last edited by VanceMack; 12-27-11 at 07:28 PM.

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    Re: House Republicans Cave on Payroll Tax Cuts Extension

    Quote Originally Posted by Dittohead not! View Post
    Well, partly.

    When Bush proposed cutting payroll taxes and mandating that the amount cut be set aside in individual retirement accounts, the Democrats howled foul because Bush is a Republican.
    Now that the Democrats want to cut payroll taxes and allow people to do with the money as they will, but only for a limited time, the Republicans decided not to oppose it, but to use it to force the Democratic president to make a decision he doesn't want to make until after the election.

    The bottom line is that neither party has any clue how to make up for the lost revenue, they just know that tax cuts are popular.
    You seem to be missing the critical fact that they aren't reducing revenue. Other taxes and fees are being raised to pay for the payroll tax cuts.

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