New $15 Billion Jobs Bill Demonstrates Democrats' Fissure

only 36,000 Americans lost their jobs last month....why bother spending all that money when things are so good?

The quote "tax cut" in the jobs bill is the beginning of the end for Social Security Program. Social Security as created by FDR is a manditory contribution with a matching contribution from the employer for the minimal retirement need for the American citizen. The rate and base income was determined by the cost of living and the expected length of life. The last major adjustment to the rate and base was during the Carter Administration. The original rate was 1% on the first $3000 of income to be matched by the employer. The rate and base today results in a minimum wage employee contributing $40 per week. If you invested $40 per week from age 22 through 62 and received 12% compounded annual rate of return, the investment would return 2 million dollars. Too many politicans want to call social security a tax on you and the employer. Too many politicans and political commentators want to call social security an entitlement program. Social Security is a manditory contribution for you the American citizen. The trust fund is to be invested in the safest possible investment and be held in trust by the Federal Government. If congress can pass an exemption to the contribution it will mark the beginning of the end of Social Security as your money and be transformed into a welfare program limited to will of congress and the condition of the economy. Also to be included is the Medicare program which is an extention of Social Security enacted during the Johnson Administration. Social Security and Medicare are not welfare. Each program is a return on your manitory investment in you. The reason FDR wanted the payroll deduction was to enable you to know what you contributed so no one could ever take it away.

Social Security and Medicare are your money and not the revenue of the Federal Government.

....but JOHN, its all gone, they want more, and soon they will take it.....gov man has turned on us all

Hmm! A little bit on Social Security. I am afraid that it is a tax, albeit a sneaky one. S.S. funds go FIRST to the TREASURY for a six month period and THAN to the S.S. trust fund. They cover the debt for 6 months. FDR was no dope, it is simply a very convenient tax in disguise. It is not in the governments interest to do too much damage in this area.
Now lets get on the to jobs bill. It is designed as a stimulus and employers get a free ride - for a while. Case of dangling the carrot and hoping that there are takers. This has potential for doing some good in the small business arena, but doubtful that it will have any impact with larger companies. All in all, it looks good politically, but probably will have little impact. The country needs jobs, but the entire system is so screwed up that it will take a lot more than this bill. As it currently stands my best guess is that we are soon to experience inflation - led by energy, which will as always, overlap into the food supply. Granted, this is core and not a main government indicator, but it also hard to ignore. The current job loss figures which are seen as positive to the financial markets are in reality, the end result of months of cutting. A business can only reduce their labor force in line with productivity - and they can only cut so far. I view this latest figure as dire as the next move will be to close the business. If this proves true it will emerge within the next few months and I don't have to be a soothsayer to predict the reaction on the Street. The bulls will return - in a full stampede. Consequently, there will be the "double dip" that has been on the lips of many, and it will be of a far greater magnitude than the first.

JOHN ISRINGHOUSE== The SS fund was moved to the general fund under LBJ and is no longer a retirement fund it is a supplement according to the talking heads in DC. FDR set it up as a non mandated plan but the dems made it manditory and allowed it to be used by the congress for things they could not get traditional funding for(PORK). They are doing it with the HC bill taking 188 billion to off set the cost robbing one broken program to make another look cost effective. Also medicare cuts will be used again taking from one bad program to make another look good but in the end all three will suffer because of under funding. Only way to avoid this is to increase taxes like the other social health care plans around the world. It will end up tax payers bringing home .20 for every dollar earned to support these plans in the future. This is why Obama want us to pay into the plan for 3 to 5 years before it can be used ,again these accumulated funds will deplete quickly and new funding will be needed. SS was stolen and now they want to steal the rest of it. It was not a social plan to begin with libs destroyed it and turned it into the cuagmire we have today.

Companies already running on minimum staffing cannot lose anymore people,this is the reason for the lower job loss count. The jobs bill is not going to help. It will not increase the demand because of the 18 million out of work and companies run on demand not made up numbers. Productivity is up using the lower numbers of employees and no one who has any business savy is going to hire just to get a few grand that in the end will cost more than it gains. Obama needs to stop listning to his misfit advisers and get real expert advice. He was warned 400 days ago to address the job issue first before anything else or states and the federal government would see major hits on its tax base. He made a very bad mistake putting HC as his main priority. Now job losses have increased the housing losses ,tax base in states is so low they are on the verge of BK and the feds have no money to really do anything potent enough to break us out of this. Obamas mistake is costing the US and its future. If he gets the HC bill passed this will be just another financial nail in the economic coffin. Cap and trade will be the bill that puts the last shovel of dirt on the US economy.