December 7, 2011
Seniors, brace yourself for a huge shock. President Barack Obama is planning to have you fund the lion’s share of his reelection effort. It may sound unbelievable, but Americans either in receipt of, or planning to receive Social Security, are likely to be contributing around $160 BILLION to his campaign.
Here’s how it works. Obama is trying to raise his sagging poll numbers by a continued reduction in payments to the Social Security “Trust Fund”. He’s touting the idea of 160 million Americans being excused from paying the full amount of their FICA withholding. The president claims this will put an average of $1,000 yearly, into the pockets of those people. Multiply those dollars by that number of people, and, presto, you get $160 BILLION being drained from a program already drowning in red ink.
Older voters who’ve been forever Democrats are probably shaking their heads in collective disbelief. Obama’s one of us! It’s the Republicans who are evil. Recent events tell an entirely different story. The first sign senior citizens were being either abandoned or taken for granted was found in the new health care law. Half a trillion dollars was bounced from the Medicare program to help pay for, among other things, a 45% explosion in Medicaid. Dems were financing, growing and courting one, new, constituency, at the expense of another.
Mr. Obama is now applying basically that same strategy to buy off an even broader, demographic group. Say, “Hello.” to the 160 million Americans paying less into Social Security, and say, “Goodbye!” to the pensioners taking money out. The president and his party hope gullible seniors will believe just one more retirement, tall tale. Taxes on rich people will replenish their “trust fund’s” latest, stunning losses. The bet is golden-agers will continue their decade’s old habit of voting for Democrats, no matter the most recent, damning facts.
Retirees should consider a couple of things. It was Democrat, Bill Clinton who put a tax on Social Security. He taxed seniors on a tax they’d already paid. It was Barack Obama who, after pilfering $500 billion from Medicare, threatened, during the debt debate, to withhold monthly Social Security checks.
As we’ve written before, “It’s not personal. Just business.” The “old timers” have outlived their electoral usefulness. This guy wants to get himself another four years in the White House and, simply needs a couple new voting blocs.
The billion dollars President Obama is expected to raise for his run is chump change compared to dough he’s taking from Social Security. The man is literally buying votes with the seniors’ money. The math is easy to figure. Divide $160 Billion by the 60 million people in the program, and it comes to almost $2,700 for every recipient.
Actually, given federal election law, every one in the system should receive a $200 check from the Obama 2012 Campaign Committee. The limit for individual contributions to a candidate is capped at $2,500. Senior citizens, know it or not, like it or not, are about to go a couple hundred bucks over that limit.