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View Diary: Greenspan: Let the Bush tax cuts expire (205 comments)

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  •  Yep (2+ / 0-)
    Recommended by:
    Josiah Bartlett, jfromga

    There was a deal made.

    For a while, we'd run a FICA surplus and therefore general taxes would be lower. After that FICA surplus went away, we'd make SS whole by raising general taxes.

    The rich want out of the deal. The GOP wants, very badly, to help them.

    In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra

    by blue aardvark on Thu Jul 15, 2010 at 02:50:19 PM PDT

    [ Parent ]

    •  General taxes were never lower. (1+ / 0-)
      Recommended by:
      jfromga

      The Thugs used the extra cash to paper over the costs caused by the foreign games and the voodoo econ BS.  It is easier to rob the Treasury when you can jigger the books to hide the total amount missing and mislead the auditors into claiming the theft never happened.

      Torture is for the weak. After all, it is just extended wheedling.

      by nargel on Thu Jul 15, 2010 at 08:13:54 PM PDT

      [ Parent ]

      •  totally agreed (1+ / 0-)
        Recommended by:
        nargel

        moving this off budget so the amounts of money moving from the SS fund to general fund couldn't be easily seen in one document (even one as huge as the federal budget) kept people from realizing trillions of dollars are owed from US government general fund to the SS fund.   We, taxpayers paying into the fund, are the biggest creditor of the US.    Its been in left wing blogs, but hardly ever makes it way out of MSM and never out of a politician's mouth.   We have to be taxed again to give us back our money already paid in for a specific purpose before they can pay the promised benefit.   Rather than admit that, they just say that there isn't enough current income, the system is bankrupt and we can't have benefits.

        The only bankruptcy is the moral bankruptcy of the politicians, from the President through Congress on this issue, who won't own up how our money was frittered away on tax breaks for the rich, corporations and wars for oil perpetrated by the Bush-Cheney administration.

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