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A More Permanent Solution Is Needed

This should expose the fiction that Social Security benefits are fully backed by payroll-tax contributions

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Can the commenters read? It's about reforming social security and accounting smoke and mirrors being exposed by reality, not whether the tax cut is good or bad.

harkin of CA 9:15AM December 09, 2011

How can someone so smart get something so wrong? If there is ANY tax that pays for itself it's this one. Putting that much money in the hand of so many will lead to increased demand... which is the main reason companies aren't hiring right now... no demand for their goods and services. I've come to the conclusion that the GOP will try to do the exact opposite of what helps the economy, gambling that it wins them the White House and then they can do what they want. It's going to backfire.

Interested Observer of TX 1:00PM December 05, 2011

In a vacuum, I'd agree.

But the tax cut is already in place and taking it away would send the wrong signal to the producing/spending public. Remember, it isn't the deficit, per se, that people get worried about, it's the way in which Washington will attempt to get rid of it (if in fact it ever does). Raising taxes, even in the context of letting a temporary tax cut expire, tells people that they're going to suffer.

steve of VA 10:26AM December 05, 2011

In a vacuum, I'd agree.

But the tax cut is already in place and taking it away would send the wrong signal to the producing/spending public. Remember, it isn't the deficit, per se, that people get worried about, it's the way in which Washington will attempt to get rid of it (if in fact it ever does). Raising taxes, even in the context of letting a temporary tax cut expire, tells people that they're going to suffer.

steve of VA 10:25AM December 05, 2011

There's one proposal that takes retirement dollars out of the hands of politicians, and uses them to revitalize main street, and create millions of new jobs. The plan is a comprehensive, long term solution, that restores working Americans, their families, and the communities they call home. http://bit.ly/p3PVlJ Did i mention it was endorsed recently by Judge Ray Holbrook, the Texas Judge who helped develop the Galveston retirement plan.

pappyg of FL 4:36PM December 02, 2011

Yes. Tax cuts always drove better economics.

Pfr 4:00PM December 02, 2011

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A More Permanent Solution Is Needed

This should expose the fiction that Social Security benefits are fully backed by payroll-tax contributions

Reader Comments
Back to argument

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A More Permanent Solution Is Needed

This should expose the fiction that Social Security benefits are fully backed by payroll-tax contributions

Reader Comments Back to argument

Rankings Lists

U.S. News & World Report

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Reader Comments
Back to argument