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 OLYHOOCH 14 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 to speak authoritatively, I chose to swim upstream through the data flood and head...
by Sharlee 6 months ago
Please keep in mind that Trump has nothing to do with the Social Security Fairness Act. I hope this post sparks a conversation that stays focused on the topic at hand.The Social Security Fairness Act, recently signed into law by President Biden, repeals the Windfall Elimination Provision (WEP) and...
by Arthur Fontes 15 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 mine — is: “Just one!”But Obama is not like you or me.In a recent article for the Western Center for...
by Charles James 14 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 Obama should not be re-elected.Now he has discovered that his own benefits are on...
by alexandriaruthk 12 years ago
US - Do you think social security should be cut?This is needed for the budget to be done. Agree or disagree that they should even touch the social security benefits?
by JAKE Earthshine 6 years ago
Are you gonna' let this republican rigor mortis looking weirdo named "Granny" Mitch McConnell who presides over one of our most impoverished states called Kentucky, take away what you've earned over the course of your life ?? I mean seriously, you must have known this was coming right ?...
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