Obama's Recklessness Strikes Again

Along with destroying the housing market, the jobs market and the economy as a whole, now President Obama is laying the ground work to destroy Social Security, a program already in trouble. His new jobs bill ( destined to be the third failed stimulus bill of his administration) totals $447 billion dollars. He proposes to pay for a hefty portion of it through tax cuts (although there are numerous tax HIKES scattered throughout the bill) in the payroll tax. This means cutting social security (FICA) taxes, which in turn means less revenue coming into the already troubled fund to the tune of $240 billion dollars for 2012. He tells us he would replenish this fund through the overall federal budget which would force the government to borrow more money, thus increasing the already bloated federal debt. Either way, we lose...ya gotta love it!

Bank of America to kill 30,000 jobs. Obama strikes again!