Every Obama "solution" works like this:
Borrow and Spend. And no plan is put into place to repay the massive borrowing.
The Current Jobs Bill:
The bill which passed Wednesday contains about $18 billion in tax breaks and a $20 billion infusion of cash into highway and transit programs. Among other things, it exempts businesses that hire the unemployed from paying the 6.2 percent Social Security payroll tax through December and gives employers an additional $1,000 credit if new workers stay on the job a full year. Taxpayers will have to reimburse Social Security for the lost revenue.
So the "Taxpayer" gets to pick up the tab to repay Social Security. Why bother with this temporary exemption in the first place. It's just more paperwork to administer.
In my view... $1,000 is not going to make any company take on new employees that wasn't already planning to do so. But those companies who are planning to hire will get a little boost.
Obama spends all his time on his plan to Destory Health Care and next to no time on real plans to put people back to work in the private sector.
You can't just print money and funnel it through Government and expect economic recovery.
by Arthur Fontes6 years ago
Let me ask you this question:“How many social security numbers do you have?”Unless you’re in the FBI’s witness protection program and have assumed a second new identity, your answer — like...
by Charles James5 years ago
One of our leading conservative forum participants here on Hubpages supports the Republicans in giving Obama a hard time over the budget. He posts new forum topics nearly every day about how he hates Obama and...
by OLYHOOCH4 years ago
Have you noticed, your Social Security check is now referred to as a "federal benefit payment"? I'll be part of the one percent, to forward this, our government gets away with way too much in all areas of our...
by Petra Vlah4 years ago
Through our working years we all paid for Social Security and Medicare, so why are they considered entitlements when in fact we contributed our own money into the system?
by OLYHOOCH5 years ago
Posted: March 17, 20111:00 am Eastern© 2011 While out promoting my new book, "Deconstructing Obama," I have been asked a few times about Obama's mysterious Social Security number. Not knowing enough...
by Ralph Deeds3 years ago
http://www.nytimes.com/2013/03/31/opini … ef=opinionSocial Security, Present and FutureBy THE EDITORIAL BOARDPublished: March 30, 2013 6 Comments"In the fight over the federal budget deficit, Social Security...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.