Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (205993)	10/26/2012 11:15:25 AM
From: Sam	Read Replies (1) \| Respond to of 541457

What Steve means by "defunding SS" is that Obama gave working people a tax break by lowering the amount that they paid into social security by 2%, which means that less money went into the SS fund. It is a little misleading when put as starkly as Steve put it, maybe the word "underfunding" would be better than "defunding," but it is true in the above sense.

To: Metacomet who wrote (205993)	10/26/2012 1:03:10 PM
From: bentway	Read Replies (1) \| Respond to of 541457

Steve disagrees with Obama temporarily cutting the SS contribution to stimulate the economy. I don't. I think it was the right thing to do, given that the (R)'s aren't going to allow ANY more direct stimulus. It was a thing Obama could do that would put more money in the hands of those who PAY SS, the people who WORK for a living, who will SPEND that money and stimulate the economy. It was superior to just cutting income tax because it went entirely to people who WORK and pay the SS tax. I think it was a great move by the president. A way to work around the obstructive (R)'s, and help the people who need help.