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On Feb 4, 5:25*pm, wrote:
SNIP McCain's generalizations Furthermore, the stimulus must include significant direct relief to American workers in the form of payroll tax cuts and programs to help homeowners keep their homes. Finally, we need an end game to this stimulus so that when our economy recovers, these spending programs do not remain permanent and saddle our children with a skyrocketing national debt. So the Repigs demand "payroll tax cuts." That's a pretty clever scam. It means that workers will pay less into Social Security; not only the workers, but also the employers who are normally required to pay into the fund along with each employee. The Repig plan is a reduction in the total amount both the workers and the employers pay into Social Security. But the employers get no benefits from the funds, only the workers. In other words, the Repigs want the stimulus will be financed out of the Social Security funds being put aside for the workers. Considering the already shaky condition of the Social Security fund, the Repig plan is outrageous. Predictions are that the Social Security fund will be depleted in just a few years at the present rate of contributions. Yet people like McCain want to reduce the contributions even further. The Repigs claim they don't want to saddle our children with debt. But apparently, they don't mind spending the money needed in the future for the retirement of the workers and their children. |
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