Obama Payroll Tax Cut: President Finally Scores Coveted Win

The payroll tax cut is a bad deal in more ways than one. First it isn't funded and will contribute to the deficit. Adding SS to the nation's debt, as this deal does, gives to SS haters yet another excuse to cut, gut and profitize the program for the benefit of Wall Street tyrannosau­rs - those profit monsters who have been salivating at the idea of profitizin­g the program as yet another means of feeding their voracious greed.



Then it raises the suspicion that Obama is in on the prifitizin­g scheme – he of the Cat Food Commission to cut the program and who has put the program on the surgical table in several failed negotiatio­ns with Republican­s. - still supports cuts to Social Security. In any case, not funding the payroll tax cut makes the program more vulnerable to profitizin­g schemes regardless of who the next president is.



Moreover, the payroll cut is so small for many workers that some never realized they received a tax cut from Obama in the first place.



There were better ways to offer a cut - for example, a $200.00 check per quarter to all working people. At the very least, they would be aware of the fact that they received a cut.



An unfunded payroll tax cut could well open the floodgates to vast changes in the program in the very near future. The 1% want to get their greedy hands on it and they may well succeed after the next election.
Read the Article at HuffingtonPost