Today the republicans in the House of Reps succumbed to the pressure of the media and caved to the two month extension on the so called "tax cut". The liberal media continued to make the Republican leadership look like bad guys and say that the working people of America would lose if the House did not agree to the proposal. In my humble opinion the people are not the winners they think they are.
Take a look at what we are going to get. Those who make $50,000 or more a year will get a 2% reduction in the amount of FICA tax withheld from their paychecks. At $50,000 that means $1000 a year or $20 each week. You do the math.The maximum amount that will be in the paycheck of workers is $40 because the income amount that is taxed by FICA is around $108,000. However, what it really means is that Social Security will get about 500 billion dollars less into the fund this year. We are already looking at a major deficit in the SS fund because we are paying SS recipients from the general fund now, which is at a deficit level of 15 trillion dollars. So what we are doing is kicking the can down the road a little more. What a great win for the people. Twenty years or thirty years from now when you turn to Social Security to retire and find that there is no money in the system how will you feel? No the people are not winners in this matter. The congress does not really care that much because they do not pay into Social Security. This was not a war over who likes the average taxpayer more, this was a war on conservative values and common sense. The winner is? Can You answer the question before I give it to you? If you can then you are probably at least thinking for yourself. The winner is President Obama. He promised to change America and so far he has done a great job. He has for all practical purposes taken over the media and they play to his every whim. So when the media started siding with the Democrats and Mr. Obama the republicans felt they could not stand their ground and hold to the substance of what was going on. We should not have extended the tax holiday in this way, but the House had passed a bill that would have extended the tax holiday and paid for it. What happened to that idea? Harry Reid would not allow that plan to come to the senate and decided his way was better, a 2 month extension that is not paid for. Kick the can! Now when they come back from Christmas break they will have to start all over again.
Mr. Obama wins because the media gives him the platform to take credit for what happened, even though he did not negotiate in any way, He simply said what he wanted and the dems and the media stepped in line and made the Republicans look bad.
When will the American people wake up? Will it be to late to save this nation?
On another note: Today Harry Reid said that we need to find a way to extend unemployment benefits. I totally disagree, What we need is to find a way to put these people back to work.
WAKE UP AMERICA
