A contributing factor to the present economic slugishness in the U.S. is there were no increase of social security payments due to criminal, bogus and fraudlent cost of living index. Such wicked decision and manipulation indeed limited the contributing purchasing power and spending by seniors. This translates into slowing economy by decreasing demands of goods due to the loss of expected purchasing power.
Barack Obama Plan
"According to senior administration officials, Obama will renew his call for Congress to extend a payroll tax cut -- a measure the White House says would encourage business to increase hiring but that economists say is likely to make little difference to an economy that is struggling".
Definitely this is foolish and will reduce the government tax revenue. How foolish. Any cut will go to higher salaries for the ones who currently are working. Bravo, how brilliant idea or foolish to be truthful.
Any tax cut for business is to hire someone who is cuuently unemployed fo0r certain amount of time. Other incentives may be to waive the companies contributions for social security for one year.
Stop the tax cut nonsense over-board.
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