Obama plan makes Social Security look like welfare

posted by
October 6, 2011
San Francisco Chronicle
by Debra J. Saunders  
Posted in Commentary, PND Commentary

"Who poses the biggest threat to destroy Social Security? President Obama. In December 2010, Obama signed a tax deal with his provision for a one-year, 2 percent Social Security payroll tax holiday. It lowered workers' payroll deductions from 6.2 percent to 4.2 percent in 2011. This year, Obama proposed increasing the tax holiday for another year .... First Washington raided the Social Security trust fund to pay for increased spending. Now Washington is raiding the trust fund to pay for tax cuts." (10/06/11)


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