Saturday evening, the impeached president (IMPOTUS) announced that he wants to defer FICA payments for the rest of the year and suggested that if he is re-elected, he would forgive the deferred FICA payments owed and permanently eliminate the FICA tax.
I was employed for over 50 years paying my fare share of FICA tax with every paycheck. And now IMPOTUS wants to defund and thus, bankrupt Social Security and Medicare!*
I urge you to do all you can to stop IMPOTUS from wrecking Social Security and Medicare. My wife and I, along with millions of other senior citizens (like many of this blog’s readers), will be bankrupted if IMPOTUS gets his way.
So complain to your congressperson and senators and vote early to kick IMPOTUS out of the White House.
* IMPOTUS claimed that his plan to eliminate the FICA tax would not affect Social Security and Medicare. If you believe that, there is a bridge spanning the East River that I would like to sell you.
I was employed for over 50 years paying my fare share of FICA tax with every paycheck. And now IMPOTUS wants to defund and thus, bankrupt Social Security and Medicare!*
I urge you to do all you can to stop IMPOTUS from wrecking Social Security and Medicare. My wife and I, along with millions of other senior citizens (like many of this blog’s readers), will be bankrupted if IMPOTUS gets his way.
So complain to your congressperson and senators and vote early to kick IMPOTUS out of the White House.
* IMPOTUS claimed that his plan to eliminate the FICA tax would not affect Social Security and Medicare. If you believe that, there is a bridge spanning the East River that I would like to sell you.
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'Scuse me Mr President and fellow politicians, how about we mess with YOUR retirement and incomes? I swear if this happens it will be the end of this country!
ReplyDeletePass a law that says if SSI goes down so does your retirement
DeleteDear Stana , I totatly agree , Noone should ever touch FICA and it should Always be Protected and Funded .
ReplyDeleteA President who evidently does not know when the pandemic of 1918 occurred and does not know that WW2 ended in 1945 is in charge of your welfare (I am not a US citizen)and he has the nerve to say that Biden has mental problems! Duh!
ReplyDeleteStop with your socialist point of view. You are wonderful until you start sharing your political viewpoints.
ReplyDeleteI’ll stop as soon as IMPOTUS is stopped.
DeleteStop with your socialist point of view. You are wonderful until you start sharing your political viewpoints.
ReplyDeleteI’ll stop as soon as IMPOTUS is stopped.
DeleteStop with your socialist point of view. You are wonderful until you start sharing your political viewpoints.
ReplyDeleteI’ll stop as soon as IMPOTUS is stopped.
DeleteStop with your socialist point of view. You are wonderful until you start sharing your political viewpoints.
ReplyDeleteI’ll stop as soon as IMPOTUS is stopped.
DeleteStop with your socialist point of view. You are wonderful until you start sharing your political viewpoints.
ReplyDeleteI’ll stop as soon as IMPOTUS is stopped.
DeleteI am 100% with you Stana!
DeleteI've worked full time 38 years. I have contributed to the "system" as my parents and wife did. I can't believe any living, breathing human believes or even supports IMPOTUS.
In my impoverished town, my neighbors overwhelmingly support trump. This town is located in the Nevada County with the lowest income of the entire state. These people are voting against their own best interests. I just don't understand it.
My congressman, Hank Johnson, is already on board
ReplyDeletethis president along with his lackey administration is the most offensive and criminal in the entire history of the country. As if the horrendous policies weren't enough, flirting with authoritarianism and the beginnings of a police state controlled by right wing courts is scariest of all. The Bush administration was also criminal but this takes things to a whole new level of despicable. Do not mail your vote as the post office and its workings is being sabotaged; hand deliver it if you have to!
ReplyDeleteI had a well worded response prepared.
ReplyDeleteHowever only one word is necessary
VOTE
That jerk has no limits on his efforts to crash the entire government. Look at the way he's installed one of his minions at the Post Office to wreck the system in support of the privatization of USOS. And right on the heels of that he's going after the life's blood of Social Security. They snookered the American people with tossing a few dollars at then for COVID relief while sneaking huge tax breaks for the rich and they apparently think we're so gullible we'll go along with a few bucks in our pockets now and not notice their sinister plot yet again.
ReplyDeleteGet out and vote. Run the bums out of town! Get ourselves an Attorney General who will enforce all the laws and not just be el presidente's personal lawyer. We have a lot to repair as a result of electing a one-man government wrecking crew!
Truth! Thanks
ReplyDeleteFOR THOSE OF YOU WHO ARE/WERE NOT PAYING ATTENTION....
ReplyDeleteThere has been a decades long attack on the Social Security.
Most notably, THE KOCH BROTHER(S), (one recently died) industrialists who OWN BRAWNY PAPER TOWELS among other things, have lobbied to eliminate Social Security.
Why? PROFIT!
HERE IS THE MATH: KochBros know you live off your after tax salary. You pay 7-1/2% of you pre tax salary and your employer also pays a matching 7-1/2% into Social Security. BTW, that printout you occasionally get from S-S does not show your employers contribution. So the number you see should be DOUBLED!
If the SS were eliminated, KochBros would immediately get a 15% increase in profit, and you would still get your 'after tax salary'. After all they know what you can comfortably live off of'.
MEANWHILE...
Enter the 401K program... The same message for 401k. Just BACKWARDS! HUH?...
Your (assume)15% deduction tells your employer that you live off of 85% of your AFTER TAX SALARY! Sooooo, the next time there is an ECONOMIC DOWNTURN, and your get 'turned-over', your micromanaging employer KNOWS YOUR REPLACEMENT can live on 85% of YOUR CURRENT SALARY. This 'force' explains a lot of how your salary has been slooooly spiraled DOWNWARD since the inception of 401K in the late 1980's.
And,... that 'turnover' concept has been engineered into modern management, with the company literally shooting for a 2-1/2% expected/desired turnover in order to keep wages down.
Did this happen where I worked?
ONLY on the salaried slaves (read management and clerical, ect..). WE were in a UNION, and we NEGOTIATED the WAGES, PENSION, 401K, FULL FAMILY HEALTHCARE (no payroll deduction), and extensive 'paid days off'!
Oh, BTW, I retried at age 55, (11 years ago) with HEALTHCARE! Do consider that I retired in the 2009 downturn, without a worry....
In spite of my fathers 'middle management sensibilities' about 'unions', and his disapproval of his son 'working in a union shop', I do realize he was quite full of S#!+.
Much of what the working class learned in grade school was total crap, structured to produce somewhat skilled, obedient, disposable, working class slaves.
Too many of us work far too long, for way too little, coerced into competing against cheap slave labor, with the 'promise' of 'you gonna get yo' PIE IN THE SKY! I want MY DESSERT after DINNER, not 'later'.
Velma
Interesting!
ReplyDeleteDoes the Same points apply to Obama His Majesty'$ FICA Tax Cut!
https://obamawhitehouse.archives.gov/blog/2012/02/22/president-obama-signs-payroll-tax-cut
Obviously not since Social Security and Medicare are still up and running.
DeletePlease do note, Sara, and "Miss T", my write-up was merely a description of classic manipulations of "free market forces".
DeleteWhy live your life and career under the deliberate economic manipulations and maneuverings of some BILLIONAIRE OLIGARCH PIG, when you, as worker have the legal right to stand as a group and neutralize some of these very real economic forces.
You obviously dont realize DOCTORS, and DENTISTS are in a 'union of sorts', they just use different nomenclature, but they damn sure DONT underbid their colleague, as working class laborers do.
This is where 'our' traditional grade school education regarding the word 'socialism' comes in. I learned (by innuendo) in NC grade schools, that if you heard the 'S' word, you were to: "Place hands on head, whirl in circles, while peeing in your pants, -er PANTIES, and whining "oh my, oh my, oh my"..... AND RUN, RUN, RUN AWAY!
If your were even partially educated in economics, (dont think that ECON 101/102 was worth much-- it was not.), YOU would realize you are indeed a SOCIALIST! (wee in panties NOW!). Most of us went to Public Schools, as well drive on public streets, so dont think for a minute you are NOT a "S"... It is a just a different semantic, to keep you from all those wet panties and carseats.
The fact is that if the human animal did not 'watch the others back' and 'work together for common good' (oops time to wee in your panties again!), we would have never evolved into the obedient, neurotic sheep we are to this day!
PLENTY of YOUR Social Security Dollars go to subsidize BIG TOBACCO's customers while their lungs and hearts sicken and die. The list goes on...
PLENTY of YOUR TAX DOLLARS go to clean up SUPERFUND SITES of TOXIC WASTE, left there by corporate industrialists, who merely 'scuttled' their businesses and kept the profits, and left YOU to pay the tab, as well drink water from toxic wells....ect...
The list and the resulting tab goes on....
Get the picture?
AND NOW, you got the gall, and gullability to think your are NOT a "S"?
The joke is on you, as you are the PAYEE, not the BENEFICIARY!
DO check our the youtube videos by ROBERT REICH, for a real economics education.
OR,
Just keep drinking that FOX Kool-Aid...
One day, 'they' will come for 'YOU', too, you transvestite you...
And there will be nobody to defend you....
Velma
�� I think you need to take a tour out of your echo chamber. Social Security is a Ponzi scheme. There aren't any actual funds to it and there haven't been for most if not all of my life. It's all IOUs from the federal government in the form of US Treasury securities (https://www.cbpp.org/research/social-security/policy-basics-understanding-the-social-security-trust-funds#:~:text=The%20Social%20Security%20trust%20funds%20are%20invested%20entirely%20in%20U.S.,credit%20of%20the%20U.S.%20government.).
ReplyDeleteAll that money being taken out of my paycheck actually goes right into the general fund. If they need funds to mail checks, they'll just "print" more.
So, what’s your point?
DeleteThe whole monetary system is a Ponzi scheme . the Federal Reserve purposely props up the stock market by printing money out of thin air , the monetary system is totally backed up by a good economy and when bad , the US dollar loses value . So Taxes must go up to support the FICA system , that's all . The US cannot and will not abandon people on Social Security .
DeletePart of the problem is she has not read J.M. Keynes
Delete"In the long run ......" finish the quote without googling...
Velma
We need to stand together and Oppose Any Talk of reducing our Social Security benefits in the future , the government bailed out big greedy banks , they Must shore up our Social Security .
ReplyDeleteFar too many threats to our future lives in the current administration.
ReplyDeletePlease, #VoteBidenHarris as if our lives depend on it (because they just may).
Stana -
ReplyDeleteEvery move this POTUS makes seems to be to destroy something good that America has done, is doing, or will be able to do. In the case of payroll taxes, there is no excuse for NOT withholding the FICA contributions if they will be owed in next April's tax returns. There are no savings that accrue to the taxpayer - instead, it is a debt that will have to be later in two ways: (1) FICA must be repaid in April, and (2) The lost "interest" that would be earned by Social Security to pay people when they retire must be made up from somewhere - probably in the form of higher taxes.
Right now, Social Security is in danger of future collapse. FICA contributions need to be raised right now, so that it will not collapse in 20 years. Is this happening? No. POTUS is making decisions that some other, some responsible administration will pay the price for fixing.
M
The taxable limit for FICA in 2019 $132,900. This lets the mega dollar earner off the hook.
ReplyDeleteIf the upper limit were eliminated there would be no Social Security crisis.
Basically, in the last 40years corporate America has turned this country into "The Corporate States of America".
I refer you to this youtube of Amanpour and co-- specifically the last 15 minutes:
https://www.youtube.com/watch?v=1BgGCu5N--I
The story about a book:
Kurt Anderson: “Evil Geniuses: The Unmaking of America"
YOU(?) and the republic have been co-opted into thinking that since you have white skin and a penis-etal, you are the 'ruling class', when in reality, you are merely 'the hired help'. Corporate America needs plenty of technically skilled, yet poorly educated laborers to feed into the corporate maw. DONT think for a minute that a technical skill from the local 'Community College,er trade school' is a real education-- it aint. As soon as your usefulness has ended, you will be let go, in favor of an even cheaper laborer, just when you dont have the time or means to 'start over'. Besides, who is going to hire you?
Velma