Payroll tax cut: good for now, bad for later (note: 2012 election is now)
President Obama’s latest effort to not only extend the payroll tax cut on Social Security but to actually increase the percentage from the current 2 % to over 3% is very deceiving. The intent is to spur the economy and that is a good thing. However, who is going to pay for this in the long run as he continues to support legislation that kicks the real problem further down the road. The Social Security fund is rapidly decreasing and this will only escalate that trend.
I am a senior citizen and probably will not be affected in the short term. On the other hand, if I was in my twenties or thirties, I would be extremely upset because Mr. Obama’s actions seem to favor the present over the future. A rather poor way to treat the people who put him in power during the last election.
The bottom line going into the 2012 elections can best be described by an old saying ” fool me once shame on you, fool me twice shame on me “.
This entry was posted in Uncategorized
. Bookmark the permalink
. or leave a trackback: Trackback URL