Payroll Tax Holiday
The Temporary Payroll Tax Holiday, is all set to expire at the end of the year, and that is a good thing.
The Temporary Payroll Tax Holiday, could also be named the Underfund Social Security Until it Dies Act.
It could also be called the Spend Your Retirement Today Act for people who do not have enough income to visit gambling websites.
Another name might be The Hand Us Your Money Act, if you are a broker and charging $7.00 for each lotto ticket.
Regardless of what you call it, gradually restoring the conditions that made Americans want Social Security and want to work together, to defend themselves from a financial industry (which is us) that wants to be paid for someone elses work and productivity, is the wrong choice to make.
Unfortunately one of the solutions to fully funding SSI was to increase the tax slightly in 1990, and because it wasn't increased, slightly more in 2000, and because it wasn't increased, slightly more in 2010.
Instead you have underfunded SSI by an additional 2% last year, but with all that money added into the economy our owners only took raises for themselves, they did not give them.
While it might be nice for the ownership society to free up 2% of all the income below $108,000 into 'the market' or 'todays economy', unfortunately for all Americans without the savings or earnings ability to be owners, 2% of their future is being handed to them today, to pay the price of finance, at the cost of their future SSI income, for the good of todays economy and lenders. The definition of any economy is; transfer of wealth.
President Obama and the Democrats
You are losing my vote. Republicans and Tea Party, you are not getting it.
You also need to veto the entire defense budget for the indefinite detention provision. It should never have been passed and it should not have gotten so quietly past the freedom lovers in the Tea Party or the blogs of the Libertarians. Google "indefinite detention" and the ACLU, the Huff Post, The Nation, Alternet, Common Dreams, the voices of the left spoke out against it, even AlJazeera covered it.