The fact of President Obama’s temporary payroll tax reduction folly is that for short-term political gain, the president is robbing billions of dollars from the already unstable Social Security and Medicare funds. Why does the media ignore this undeniable truth?
Recently, and for the first time in its history, Social Security paid out more than it brought in – a recipe for the total collapse of what some politicians like Texas Governor Rick Perry has rightly called a “Ponzi Scheme”. And while Democrats have historically prided themselves on being the political party that mandated Social Security decades ago, and continue to express their unwavering devotion to it, it appears the current Democratic President, Barack Obama, is willing to damage and perhaps ultlimately destroy that very system in the hopes of scoring temporary political points with voters.
It is an odd thing to watch Democrats push so aggressively for a particular tax cut that is in fact, directly stealing from the Social Security/Medicare fund in order to give voters about $20 extra each week. Of course, for those millions of Americans without a job, the Obama payroll tax/Social Security theft means absolutely nothing to them – except for the fact that if during their previous line of work they paid into Social Security and Medicare, Barack Obama is now stealing that money to give to those who still have jobs. Whereas cuts in the federal tax rates do not directly steal from any particular program, but rather work to stimulate long-term growth and job creation in the economy, Barack Obama is reducing payroll taxes – indicating that such cuts will “help the economy”, while saying nothing regarding that those payroll taxes are responsible for the direct funding of both Social Security and Medicare – two programs Barack Obama has repeatedly indicated his full and unwavering support for.
The question that remains then is WHY? Why is this president so willing to rob from Social Security and Medicare? Is the danger posed to these programs intentional, or simply the act of a president that has no clue as to the rules of economics and governmental budgets? And make not mistake – if it was a Republican president stealing from Social Security and Medicare to fund a temporary and silly tax cut that amounts to just $20 per week for a family earning $60,000 per year, the Democrats and liberal media would be screaming in outrage over such an irresponsible and politically-motivated gesture.
To date, no such outrage has come from either the Democrats or the media over the direct theft from the Social Security and Medicare fund being so aggressively championed by President Barack Obama – just the opposite in fact. This theft is being applauded by these same people as a sign of leadership from the hopelessly hapless and ignorant Obama White House. Just this week former Democratic President Bill Clinton alluded to a conspiracy by the media and its devotion to both protecting and promoting the Obama presidency.