President Obama wants to tinker with the economy by spreading the wealth around. It’s a shame he just doesn’t stop his war on the economy. If he did, perhaps we’d see fewer Obamavilles cropping up around the country. The most ironic part is that he’s using the high gas prices his policies have created to push a policy that will bankrupt Social Security faster. Sorry Grandma!
President Barack Obama listed rising gas prices as among the many reasons to extend the payroll tax cut Tuesday, flanked by individuals the White House promoted as being affected by $40 per paycheck the average American would lose if the tax cut is not extended at the end of February.
The payroll tax funds Social Security. Cutting the tax would reduce funding to Social Security by $119 billion over the next year, on top of the $105 billion reduced from funding in 2011. …
“Allowing this tax cut to expire would make people’s lives harder right now,” Obama said. “It would make their choices more difficult. It would be $40 less for groceries to feed your kids; it would be $40 less for the medications you depend on; $40 less to cover bills and the rent; $40 less to take care of an elder parent, or to donate to a church or a charity.
“And when gas prices are on the rise again – because as the economy strengthens, global demand for oil increases – and if we start seeing significant increases in gas prices, losing that $40 could not come at a worse time,” Obama said. “One local entrepreneur named Thierry – where’s Thierry? He’s right here.
“He told us that $40 would cover the gas that gets him to his day job, or, alternatively, the Internet service his small business depends on. So he’d have to start making a choice – do I fill up my gas tank to get to my work, or do I give up my entrepreneurial dream. ‘Forty dollars,’ he wrote, ‘means a heck of a lot,’” the president added.
CNSNews.com reported last month that under Obama, the price of gas climbed by 83 percent.
Read the whole thing, it’s amazing he constantly gets a pass on these things.
Which party is it that wants to do away with Social Security again?
Update: Linked by Lady Liberty – thanks!
Corrupt bastard!!! Send this focker packing!!
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this is an American greed tax to prevent us from becoming too greedy,
. We need a reminder off who is in the WH.
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What do we have that would completely wipe out the National Debt, and fund all social programs for the next 200 years? Energy! Oil, Coal, and Natural Gas. Let’s go get it, use it, sell it, etc. Obama wants to bankrupt all of the companies who find, drill, extract, refine, and sell these energy sources. We can’t be a super power, if we keep going deeper into debt. In a 100 years the technology will exist to reverse most of the environmental damages done in the process of accessing these NATURAL resources. Many projects have been completed and the land is just as pristine as it was before the damage.
This administration and the many gutless, spineless sheep who follow, are either incompetent or corrupt. Any one think Obi (Douche Nozzle in Chief) and his flock are incompetent? I don’t !!
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This is what he wanted http://www.youtube.com/watch?v=5M1WlV7vafk Obama’s own words. Why does this surprise anyone? He is TRYING to destroy this economy not save it.
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[...] Update: Thanks, Obama! Gas Prices Up 83%! | The Lonely Conservative Also, this: An LA illustration of rising gas prices | Gay [...]
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