Monday, December 19, 2011

Steve's barking at wrong for right

What happens when you do the wrong thing for the right reason?
That what the President of the United States proposed and the senate concurred.
It's right to want to put more money into workers hands during a employment recession.
It's wrong (dead wrong) to take money away from Social Security by reducing the tax that workers pay into the fund, especially when the disability part of the fund may be running out of money with in the next couple of years.( they will probably borrow from the the retirement part of the fund).
Does not paying the full amount that should be tax and is not hurt the trust fund?
You betcha.
Now on the opposite part of the coin the house of representatives voted against extending the tax break because it wasn't for a year. right thing wrong reason.

* Through out our history we have done the right thing for the wrong reason and wrong things for the right reason.
** My understanding is that the Social Security trust fund have bonds that will pay it till the 2030's.
What not stated is where the money is to come from to pay for the bonds.
Will it come from defense? Will it come from medicaid, food stamps, from the local senior citizen center or  kindergarten? Maybe a special tax to pay off all our debts?
*** We should be making all workers pay the same percentage with no limit, helping pay off future debt until money is needed to pay for social security. Would that hurt the economy? Possible but it's not any worse then any other plan to reduce the dept.

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