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LISTEN TO THEM
THEY DON'T NEED YOUR MONEY |
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| The latest rage on stimulating the economy is to let payroll taxes "take a vacation." To suspend payroll taxes for a month. At first, the idea was to cut payroll taxes in half for two months, but now it seems to have settled on the idea of not collecting these taxes at all for one month. We are told that this will put about $40 billion in the pockets of American workers who will then put it back into the economy by spending. Isn’t that wonderful? The idea was first proposed by Senator Pete Dominici (R-NM) in what he called a "payroll tax holiday." Then it was taken up by Bill Thomas, Chairman of the Senate's Ways and Means Committee and now by many in both the House and the Senate. It's even sponsored by Charles Rangel, the loudmouth democrat from New York who accused Secretary of the Treasury Bill O'Neill of "fiscal irresponsibility" for finally admitting that there was no money in the Social Security Trust Fund. What these bandits are really telling you is that they can get along just fine without $40 billion in monthly payroll taxes. The currently retired, everyone on Social Security, and the disabled will still get their monthly checks without workers and their companies contributing to the "pay-as-you-go" system for a month. It won't hurt a thing. It's another confession. Another admission that they've been ripping you off for years and because of the tanking economy they are willing to suspend the banditry for at least one month. After all, they'll be right back at it once the vacation is over. There really isn't a whole lot the government can do to stimulate the economy and never was, despite the bragging and political pipe dreams you've heard forever. And God knows we need some stimulus while the economy declines and the country is engaged in two warsone on terrorism and the other on drugs. The federal government has always had the ability to cut taxes and they can create jobs in the defense industry by building our already phenomenal defense budget even higher. We are the only nation in the world that makes money during wartime. Other nations go in the hole. Since September eleventh, our leaders have been rallying the troops and preparing the people for what they guarantee will be a long drawn out campaign against an enemy that is difficult to identify in at least thirty countries other than our own. Suddenly, we know this. The first of these "evil doers" has taken the offensive by targeting our leadership and its plans for a New World Order through international banking. An operation that has been set up on the basis that if you can screw the American people, then you can screw the world. We'll destroy him, and then we'll move on to the next target. But our federal government has almost as much to fear from its own people. They can't do what they've been doing without someday paying the consequences. This long drawn out war provides the opportunity to tighten the screws on the home front as well and push that day of reckoning further into the background. Recognize this new payroll tax suspension plan for what it is folks. Our government has been stalling the simplest of problems for at least four years now. And they'll go right on stalling with one convoluted plan after another. The real answer to Social Security's problem is only one simple thingstop stealing the money. Either cut back the extra payroll taxes the supplemental retirement system doesn't need or invest those surpluses where they will do some good. Spending entitlement surpluses on pork barrel paybacks and favors has never been just or fair. During fiscal 2001, the government stole $98.7 billion from Social Security's extra payroll tax receipts and a healthy bit from Medicare as well. Of course they can suspend $40 billion in fiscal 2002, isn't that obvious? The money stolen from all entitlements taken together during fiscal 2001 amounted to $163 billion. At most, the war on terrorism is estimated to cost us $12 billion a year. That means we could carry out the war on terrorism for about 15 years just with the money they stole last year. You don't hear them talking about reducing gas taxes, unemployment taxes, or any of these other lucrative entitlement taxes, do you? |
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