Tax Cut? No, Just Another Raid On Social Security

But Obama and his Democrats don't want to direct any tax cuts toward investment for long term growth — as corporate tax cuts do — but to hand them out to taxpayers like party favors in the hopes it'll pay off come November. It's a political game, but they have few other options aside from cutting spending. But there's a big catch: The payroll tax cut they seek is nothing more than taking cash from the back pockets of taxpayers and handing it to them up front. The supposed payroll tax cut, as blogger Don Surber has noted, is a Social Security tax cut that comes through the Federal Insurance Contributions Act. That means the tax cut will be achieved by taking $120 billion from the Social Security "trust fund." Instead of getting rid of a bureaucrat or a thousand, the idea is to simply raid the Social Security trust fund one more time, hastening the day it goes bust...more

Just thought you'd want to know...