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re: "Eliminating the Payroll tax when I win reelection"?
Posted on 8/12/20 at 5:26 pm to JJJimmyJimJames
Posted on 8/12/20 at 5:26 pm to JJJimmyJimJames
Yeah wish he would elaborate on how SS and Medicare would be funded if the payroll tax cut is implemented.
Posted on 8/12/20 at 5:27 pm to TimeOutdoors
All Trump can do is defer/postpone it. An actual tax cut has to pass Congress, and I see no way the Democratic House will pass it. (Unless Trump is counting on winning back the House, but that's a far shot.)
Posted on 8/12/20 at 5:56 pm to TimeOutdoors
quote:
how SS and Medicare would be funded if the payroll tax cut is implemented.
Truth is.....there is no Social Security.....just outlays out of the general fund. The name Social Security Trust Fund is a misnomer. As for Medicare democrats turned that into a slush fund to pay for social programs (i.e.welfare) for their voter base.
The democrats stole Social Security, or should I say they turned it into a Ponzi Scheme. How'd they do that? They just used the old bait-and-switch. Then they rolled Social Security receipts into the general fund. Just another revenue source to be spent as they wish.
As for Medicare, our pal Barack Obama gutted it to pay for Obamacare. I believe the original amount Pookie pulled out of Medicare was $ 494 billion dollars. I recall just before he left office the amount he siphoned out of Medicare had grown to a staggering 1 trillion dollars. Then he had the nerve to tell the elderly to take pain medicine.
Democrats are good at the ole bait-and-switch routine. Unfortunately voters keep voting them back in office.
Bottom line....at some point soon all of this is going to catch up with us, and the results will not be pretty.
This post was edited on 8/12/20 at 7:03 pm
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