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February 17, 2012
House Passes Bad Payroll Deal
For those of you taking comfort in the idea "at least we'll have the Congress" -- yes, you'll have a Congress which is always at a disadvantage to the power of the White House, and you'll have four years of caving.
This deal is politics at its worst — an irresponsible plan that adds to the deficit, accomplishes little and aims mainly to cast Congress and the president in as sympathetic a light as possible. We’re supposed to think: They passed a middle class tax cut! Aren’t they just great? If you’re a millennial like me, you better stuff the money you see through this tax cut in a retirement fund because Social Security won’t be around when we reach retirement age.
Right. Well, the guy in the Kirk Chair can make an issue out of this $40-per-month tax "cut" (which simply robs the Social Security trust fund, the one that's supposed to be self-funding; thus, this "cut" will have to be repaid via higher taxes at some point).
The American system of politics is set up so that the President sets the agenda and Congress can largely only react to it.
If we don't win the Presidency, ObamaCare goes through, forever.