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SENTRY JOURNAL » Uncategorized » President Obama’s 40 dollar deception

President Obama’s 40 dollar deception

 

Go buy your pizza baby! You’ve just been handed $40 from Barrack Obama. Kids can have pencils, we can heat our houses for 3 nights, you can visit the elderly at nursing homes, we can get new shoes, give to charity – all things Republicans don’t want you to; so says the President. Just listen to the heart-warming stories that Republicans wanted to deny!

Did you catch that last line?  The President knows where that guy is coming from.  He could feel it when he shook his hand.  I wonder how many of these individuals spent that $40 to go to Washington.

There are so many stupid flaws in the debate over this bill that I’m near nausea just thinking about it.  Let’s just start with the $40.  The President talks about what $40 can mean to all of these people who can, apparently, not afford to buy pizza.  The problem is that if you make $50k a year and can’t afford pizza, you’re probably just a terrible money manager.  The truth is, most of the people who cannot afford pizza don’t make $50k a year, and therefore won’t get their $40.

Previously, you had to pay 6.2% of your paycheck for payroll taxes.  A year ago, the Republicans passed an extension to the Bush tax cuts which included a 2% decrease in the employees’ payroll tax, lowering it from 6.2% to 4.2% for one year.  Democrats, at the time, fought against that payroll tax cut, the same rate that they fought for and just passed.  Instead of explaining the percentages in detail of each bracket, let me show you this easy to use chart. 

 
As you can see, a person making $50k a year saves around $10/week, which amounts to Obama’s touted $40/month savings.  But scroll back a ways down your line to someone making $30k a year and watch your pizza money fly out the window.  What about those people who actually have a tough time buying pizza – someone making $25k a year perhaps?  They will be getting about $3 over the span of two months.  Thanks Mr. President!  You can buy a 6 pack of soda to go with that pizza you can’t afford. 

Did you also notice that two of those people on stage were teachers?  Teachers are great propaganda tools because everyone loves teachers…and so many are ignorant.  Those two teachers on stage actually DON’T PAY A FICA PAYROLL TAX!  If you listen to the whole speech here you will hear the pathetic examples that I used in my opening paragraph of what $40 can buy.  One teacher says that without that $40 she won’t be able to buy school supplies for her students.  Do you see why I’m about to throw up?  She already doesn’t get that $40 and never will!

This tax cut extension, however, is only for 2 months.  This is where so many people get duped.  “What does $40 mean to you?” is the President’s sales pitch right now, but what most don’t realize is that this chump change is only extended for two months.  Why just two months?  If $40 for the average family is so awesome – if pizza, pencils and charity are so great right now, why aren’t they great in March of 2012 and beyond?

The reason is simple – politics.  The President doesn’t actually like tax cuts; he is using it (effectively) to push his more important agenda.  He’s calling this a tax cut extension, but in reality it is an extension of unemployment benefits for an entire year.  Why isn’t the bill called “Unemployment Benefit Extension” when it is obviously the more expensive, longer, and more radical portion of the bill?  For the same reason that you don’t call Motrin the “leading cause of gastric ulcers” on the front of your bottle – it doesn’t sell.

So if you’ve bought into the idea that Obama’s signing a $40 check for you because he cares deeply about you and “understands” your struggle – you’re wrong.  His jet engines are already running for his Hawaii vacation – something that would cost 2,500 taxpayers $40 to fund.

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RightHandMan

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Comments
  • Steve Dennis December 26, 2011 at 7:36 AM

    Barack Obama and the Dems managed to win the spin war and were able to portray themselves as tax cutters, when in reality we are going to have to go through this same dance again in January. I am tiring of it and I hope that this time the Republicans can do as good a job in explaining the fallacy of this payroll tax holiday as you just did here.
    Steve Dennis recently posted..Merry Christmas EverybodyMy Profile

  • John Carey December 26, 2011 at 7:45 AM

    Maybe we should send this article to the Republican leadership in DC to help them out. The seem to fall all over themselves when trying to explain how this really amounts to a whole lot of nothing for many.
    John Carey recently posted..President Obama’s 40 dollar deception My Profile

  • Silverfiddle December 26, 2011 at 8:33 AM

    Only two months? How will that teacher buy school supplies for her students therest of the year?

    Yes. This is a ridiculous and stupid debate on so many levels, and you captured it nicely.
    Silverfiddle recently posted..My Favorite SantaMy Profile

  • Bunkerville December 26, 2011 at 9:58 AM

    So once again we fail to contribute to our Social Security “fund” dooming it closer to bankruptcy.(Which now pays out more than it takes in). I wish we would call it what it is. A defunding of the S.S.
    Bunkerville recently posted..Obama says he is lazy, but then he thinks we are lazy too.My Profile

  • Matt December 26, 2011 at 11:34 AM

    Hooray! I can buy a meal at McDonald’s once a week!

    And, doesn’t FICA fund social security? Isn’t Obama defunding social security?
    Matt recently posted..Useful Idiot of the Year 2011: This Time, it’s for KeepsMy Profile

  • John Galt December 26, 2011 at 7:21 PM

    Of course, you are absolutely right, no wonder they call you RightHandMan.
    But the masses don’t have a clue of any of this.

    John Boehner was right on principle to start but ended doing what he had to do. But he got pilloried from both sides; by the purists that blame him for not being pure enough and caving in to a ridiculous piece of legislation; and by the pragmatists by not being pragmatist enough and allowing Obama to claim the “tax cutter” crown.

    As worked up as we are about it, it won’t make a bit of difference for November of 2012 unless the economy seriously improves before then.
    John Galt recently posted..The Mother Trove that Keeps on Giving – Ron Paul: "Tyranny" and "Totalitarianism".My Profile

  • […] I recommend an article by RightHandMan at SENTRY Journal. He explains the payroll tax cut scam in depth. We Americans seem to love being scammed. […]

  • Maggie@MaggiesNotebook December 27, 2011 at 2:55 PM

    Why not a real tax cut or a program cut rather than something has to be paid back by the people who got the $40? Great article. Linked at my place in Obama Needs $1.2T.
    Maggie@MaggiesNotebook recently posted..Newts Negatives – Valid or Not in the New Reality or the Old?My Profile

  • Teresa December 27, 2011 at 5:15 PM

    This is all a political circus to the progressives. This is so they can say that they were for tax cuts, even though they really aren’t, and that the GOP was against this particular tax cut. When reality is that the GOP House members wanted this paid for. This payroll tax cut is unequal. The poor gets shafted, yet the Dems are seen as the Party that’s for the poor. How ludicrous!
    Teresa recently posted..Do Today’s Democrat Socialists Parallel Yesterday’s National Socialists?My Profile

  • […] at Sentry Journal RightHandMan has a great post called President Obama’s 40 Dollar Deception where he exposes what a crock it is for anyone to think that the President cares for the poor […]