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  • bjspokanimal bjspokanimal Mar 8, 2012 3:58 PM Flag

    If Obama lowers FICA taxes for Employees...

    ... kind of outcome with the president we have. He won't even talk about it because it's not "populist" and it cuts off the part of the electorate that "depends" on him.

    Instead, he pushes lowering the FICA tax so that Social Security is even DEEPER in the hole.

    Current obligations for future retirees is eons above the current size of the social security "trust fund"...

    ... and the "trust fund" is made up entirely of U.S. Treasuries... which are government IOUs from the government's "general fund"...

    ... it couldn't be more precarious... it couldn't be more doomed... yet Obama takes us in the OPPOSITE direction but cutting it's tax source... and not the half of the tax source that would compel employers to employ people...

    ... but the half that gets Obama the most votes... that's ALL he cares about.

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