It's telling that some people are using the language "payroll tax", instead of the more descriptive "social security taxes", which amount to nothing more, economically, than a forced savings program, really. Certainly not "big government".
They don't want to actually reveal they just agreed in principle that it is now okay to ruin the actuarial balance of the program, in favor of alleged cyclical stimulus. (There is no guarantee that the vast majority of the money won't be going to help people pay down debt or to help their landlords pay down debt).
I mean, for years, it has been okay to recklessly spend the temporary social security surpluses. Now, it's actually okay to just ignore that there is meant to be a dedicated stream of income at all.
Wednesday, December 8, 2010
"Payroll Taxes"
