Either your editorial board drinks Obama Kool-Aid or you have zero understanding of basic economics. Your editorial about the so-called tax break for the middle class shows this clearly ("The GOP tax hike," Dec. 22). I am pleased that those who write the editorials don't even pretend to be "objective" but willingly serve as the propaganda arm of the Democratic Party.
Social Security is not now, nor was it ever intended to be any form of "tax." Theoretically, it was a forced savings imposed on those citizens incapable of saving for themselves into some sort of trust fund (ha ha) to augment, not replace, savings for retirement. Unfortunately, as we all are too aware, there is no trust fund, no lock box, nor any accumulation of money earning pitiful interest to be added to those savings. Instead, we have a nice box full of IOU notes from politicians of all stripes who have raided the trust fund to fund pork barrel projects to buy themselves votes and remain in power.
Now the politicians have elevated this form of theft to a new level by lying to the people they represent about "giving" them a tax break by letting them stop contributing to the Social Security fund for some period of time. The only bright spot in this scenario is that it at least will keep the politicians from stealing these contributions for pork barrel projects. Of course, no money will build up in savings, as there will be no contributions. Meanwhile, the pols are sure to promise more from a bankrupt system to new and different factions, whether or not they have ever contributed to it.
I must admit it is clever to lead people to think that it somehow benefits the economy when they skip Social Security payments and instead squander the money on merchandise they don't need instead of putting it away for a rainy day. All politicians are responsible for this blatant thievery, not just the conservative Republicans. The only ones not going along are those few tea party pols who actually have principles and are trying to change the culture in Washington — despite how impractical that may be.
The other side of the coin — extending unemployment benefits — also does little for our sagging economy. As long as unemployment compensation is continued, there is a large faction of those in receipt of benefits who simply will not go back to work.
Gary D. Ballard, Bel AirCopyright © 2014, The Baltimore Sun