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IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?
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Social Security
IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?
<font face="arial, helvetica, sans-serif" size="1"><div>You worked hard for it. Now talk to others on how to save Social Security.</div></font>
I HAVE DONE PAYROLL FOR MANY YEARS.&nbsp; ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8a
Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:0d54a5ff-e5a3-4adc-ba5c-1ce70c6967d4

Forums » Work & Retirement » Social Security » IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?

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Forums  »  Work & Retirement  »  Social Security  »  IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?

HOW CAN THE US BE IN A DOUBLE DIP RECESSION AND STILL PAY PRO FOOTBALL, GOLF, BASKETBALL PLAYERS THE MILLIONS THEY RECEIVE FOR PAY?

posted at January 4, 2012 1:36 PM EST
Posts: 22
First: October 5, 2011
Last: January 15, 2012

We are in a double dip recession, worst since the GREAT DEPRESSION.  Please explain to me how all the PRO FOOTBALL, BASKETBALL, GOLF AND BASEBALL PLAYERS STILL HAVE MULTI-MILLION CONTRACTS?? I DO NOT UNDERSTAND IT.  I DID HEAR THAT BANK OF AMERICA WAS LOANING MONEY OUT TO PAY FOR EITHER A PRO FOOTBALL OR BASKETBALL PLAYERS SALARY FOR THE YEAR, WHICH ARE IN THE MULTI-MILLIONS.  When I hear how somebody on a PRO SPORTS TEAM, IS GETTING MULTI-MILLION SALARIES TO PLAY, HOW IS THAT POSSIBLE WITH A DOUBLE DIP RECESSION.

It has completely turned me off to watch PRO Football, Golf, Basketball, or anything.  I do NOT understand with so many people going homeless, or moving in with parents because they lost their homes, that there is enough money to pay for PRO PLAYERS SALARIES?  BANK OF AMERICA LOANED MONEY FOR A PRO FOOTBALL OR BASKETBALL PLAYER LAST YEAR.

How does this make any sense.  People do go to the games.  But these days, NOBODY IS WORTH MULTI-MILLIONS TO PLAY A SPORT.

THAT IS WHY SO MANY COLLEGE PLAYERS ARE NOT FINISHING OUT THEIR LAST YEAR OF COLLEGE IF THEY CAN GET DRAFTED TO A PRO TEAM, A MULTI-MILLION CONTRACT VERSUS GETTING A COLLEGE DEGREE IS MUCH MORE APPEALING.  BUT HOW IS THIS POSSIBLE WITH THE US ECONOMY IN SHAMBLES, AND IT IS ALSO A GLOBAL PROBLEM.

I just to NOT get it?  Does anybody agree with me?? Can anybody EXPLAIN  it to me how this is possible.  They are calling it a double dip recession, but the worst since the GREAT DEPRESSION.

I GET TURNED OFF ON PRO GAMES PERIOD, DO NOT UNDERSTAND HOW THEY CAN HAVE MULTI-MILLION CONTRACTS WHEN EVERYBODY IS SUFFERING SO MUCH.  DOES NOT MAKE ANY SENSE TO ME. 

ANSWERS ANYONE, I DO NOT UNDERSTAND IT!Frown

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Forums » Work & Retirement » Social Security » IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?