The handwriting was on the wall as early as 2007. Obama had no intention of seeking or keeping the over 60 crowd. In fact, when polled, that age group consistently favored Hillary Clinton. They could see in Obama someone who had little concern over their future. With his focus on younger voters, Obama only needed his youthful group of advocates who could ply his "word" as his messianic message rose to historic proportions.
In his latest move against the over 60 crowd, one that almost everyone favors without realizing the effect or even what is being done by reducing "payroll taxes," Social Security is being gutted by Obama. He knows it. Republicans know it. Democrats know it. And they are all quietly doing it in order to signal the end.
President Obama's plan to cut payroll taxes for a year would provide big savings for many workers, but makes Social Security advocates nervous that it could jeopardize the retirement program's finances.
The cut in so-called "payroll tax cut" is basically a holiday for two years on the funding of social security required in order to try to stay even, much less start making up lost ground for the money stolen from Social Security by Congress and current and past Administrations in order to pay others.
Yes, at one time there was a $2.5 trillion surplus in the Social Security fund, largely paid for by all those baby boomers. Yes, those nearing or over 60 years of age who are in that group of pay-as-you-go taxpayers who have nothing in common with Obama.
Social Security has accumulated a $2.5 trillion trust fund since the 1980s. But the government has borrowed that money to pay for other programs. The Treasury Department has issued special bonds to Social Security, guaranteeing the money will be repaid, with interest.
So now, in the middle of all this financial mess, with those who have or will soon seek that money they put away and paid for others, their own money now in the US government's sticky coffers used for Obama's pet projects and all those entitlements and pork for all those wealthy and rich people in government, we have the defunding and eventual elimination of Social Security. Those in government do not care. They have their own separate pensions.
Obama did not want to address the defunding at this point in his term. So he carefully inserted this beginning of the end in his "gift" to the "middle class" "working Americans." Those who make any amount of money unfortunately are also included, but as you know, he did not want them to be protected.
Or is that right? Not as far as we can see. The tax holiday to defund Social Security is something for which Obama takes all of the credit. Inserted with the complete backing of all his Democrats in Congress.
Only those not in Congress anymore seem to care.
"This 2 percent payroll tax cut is the beginning of the end of Social Security as we know it," said the National Committee to Preserve Social Security and Medicare, which is led by former Rep. Barbara B. Kennelly, D-Conn. "Worker contributions have successfully funded the program for 75 years and that critical linkage between contributions and benefits is what keeps Social Security a self-funded program."
And these formerly in Congress are of course of no moment to the current group. Your government is hell-bent on changing the course of economic history and with it the eradication of Social Security.
In the end, this will be seen as Obama's smartest moment by those who are against Social Security. Obama will be lauded by those who are not affected by social security: the rich, those in government with their own pensions, and those employed by companies with their own pensions.
For those of you who ran small businesses, paid enormous sums for others and ourselves during our most productive years, forget about it. You get nothing. You should have never taken that risk. Instead, you should have been younger and less naive.
Remember. This is all about putting more money in the pockets of those making money now. If you were so stupid as to have been born too early, too bad. Your bad.
Obama. Not your president. Hard to see whose president he claims to be.
Just another sneaky financial move that most do not understand. A really tricky, sneaky guy.