Bipartisan Duo of Senators Oppose Obama's Call to Extent Payroll Tax Cut; MSNBC's Mitchell Flummoxed
"You know, the president's been calling for bipartisanship on Capitol Hill, I'm not sure that he meant for the two of you to get together and go up against his signature program," MSNBC's Andrea Mitchell complained at the conclusion of a chat with Sens. Joe Manchin (D-W.V.) and Mark Kirk (R-Ill.) on today's Andrea Mitchell Reports.
Mitchell had the senators on to discuss their opposition to extending the 2011 payroll tax holiday.
"You're going up against your party, Sen. Manchin, and, at the same time you're denying the middle class the virtues of a payroll tax that the president has been campaigning so hard on," Mitchell complained to West Virginia's junior senator. "Aren't you putting the president on the spot on one of the signature issues as he kicks off his campaign?"
Manchin protested that "it shouldn't be about the next election" but about "the next generation" and that an extended payroll tax holiday would underfund Social Security and harm retirees.
Mitchell then turned to Sen. Kirk, noting that numerous Republican candidates support extending the Social Security payroll tax holiday. "So why are you so dead set against it?" Mitchell pressed.
Kirk responded that the continuance of the payroll tax holiday will "cost Social Security $250 billion." "Social Security is already running $10 billion in the red" and passing an extension to the tax holiday will increase Social Security by 20 times and that the federal government will "replace those losses with government bonds that no longer have a AAA credit rating from Standard & Poor's."
Well, "What if they come up with another way to pay for it" like a "millionaire's tax," Mitchell prompted. The liberal-leaning Kirk responded that neither a millionaire's tax nor the Republican suggestion for offsetting spending cuts would be likely to prevent losses to the "Social Security trust fund."
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Comments
wow.
Submitted by motherbelt on Wed, 12/07/2011 - 6:46pm.
She slapped Manchin like she was his momma!
How DARE he worry about the next generation when the president has an election to win!!
Then she turns to Kirk as if to say And what do YOU have to say for yourself?!! This is all your fault!!
"Momma?" must be a product of the public schools...
Submitted by teg on Wed, 12/07/2011 - 7:48pm.
too funny! this makes 8!
Andrea Mitchell is Looking to Bankrupt Social Security Quicker.
Submitted by Avitar on Wed, 12/07/2011 - 7:06pm.
As long as Social Security is paid for by taxes it is structored as debt, The 14th amendment requires that debt be paid first. Until the Democrats bankrupt the Social Security system they can't withold payment for political reasons.
Joe
Submitted by ray johnson on Wed, 12/07/2011 - 7:23pm.
That darned Manchin is a heck of a politician!
I am not sure why
Submitted by octavioj on Wed, 12/07/2011 - 10:32pm.
The president could simply say they are lowering the tax rates by 3.1% temporarily for everyone and the effect would be the same. And SS would still get its normal funding. Why do they not do that? Because of the class warfare rhetoric...
She's missing the whole
Submitted by ant on Wed, 12/07/2011 - 10:42pm.
She's missing the whole point. The point for the Marxistcrats is TO underfund Social Security.
Geezh...
Submitted by richard on Wed, 12/07/2011 - 11:41pm.
...this gerbil faced little harpy has about as much common sense as a..uh, as a..uh, yeh a gerbil.
ANT is on the mark!
Submitted by Herbster on Wed, 12/07/2011 - 11:43pm.
Missing the point is Mrs. Greenspan's specialty. Does dumb as a box of rocks sum her up?
Pretty easy
Submitted by KornKing on Thu, 12/08/2011 - 10:12am.
"Flummoxing" Fifi is not difficult,in fact, your "box of rocks" is one up on her.
Obama is trying to get
Submitted by Callawyn on Thu, 12/08/2011 - 11:00am.
Obama is trying to get re-elected by bribing us with our own money.
Worse, he's hoping we won't notice that we'll have to pay the bribe back with interest.
Social Security benefits will still go out. The shortfall will be paid for with new bonds issued by Treasury (since Treasury is empty it has no cash to redeem the IOU's in the SS "trust fund"). Those bonds, and the interest on them, will have to be paid back - with our taxes.
Poor, deluded Andrea...
Submitted by Pilgrim1949 on Thu, 12/08/2011 - 11:13am.
...the simple-minded, single-synapse, Kool-Aid-drinking twit has -- like most Democrats -- confused the term "bipartisan" with the Obamessiah Administration "my way or the highway; I won; stop talkin' & take a seat in the back of the Democrat Plantation Bus" position.
It's an altogether predictable conclusion, given her nose-up-Barry's-backside worldview, quite common among the Demwit mainstream.
"Ye canne change the laws of physics....." but some politicians believe that with the right legislation you can pretend they don't really apply to your own pet projects...