Welcome Guest [Log In] [Register]
We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Video: Matthews admits Obama tax plan is welfare; Matthews admits Haley Barbour is correct
Topic Started: Nov 4 2008, 09:43 AM (74 Views)
Dwayne
Profanity deleted by Hoss


Hot Air blog gives the lowdown on what was discussed...
Quote:
 
Video: Matthews admits Obama tax plan is welfare

posted at 8:50 am on November 4, 2008 by Ed Morrissey

In a backhanded, passive way, of course, but Chris Matthews concedes that Haley Barbour gave the “right answer” on Barack Obama’s tax plan. Barbour told Matthews that refundable tax credits to people who pay no taxes amounts to welfare, and Matthews challenges him by saying that even the lowest-income workers pay “payroll tax” — meaning FICA (Social Security). Barbour responds:

According to Matthews, Obama intends to subsidize FICA payments through refundables, making Social Security cost-free or close to it, depending on income levels. As Barbour notes, that makes Social Security something very different than the pension plan it has been since its inception. That turns it into a welfare program on a massive scale, something FDR warned against when he created the program during the Depression.

In fact, it turns Social Security into a massive wealth-redistribution system rather than a pension plan.
In the end, Matthews can only smirk and admit Barbour is right. Why the smirk? Because Matthews is pretty sure that it won’t make any difference at this point.

http://hotair.com/archives/2008/11/04/video-matthews-admits-obama-tax-plan-is-welfare/
Offline | Profile | Quote | ^
 
Admiralbill_gomec
UberAdmiral
Nope, it won't make a lick's worth of difference to the folks who just want their "stuff!"

Where's my stuff, man?

EDIT: You know, my only hope (if McCain doesn't pull this out) is that Obama will be such a Carteresque disaster that America will finally be ready for another Ronald Reagan.
Edited by Admiralbill_gomec, Nov 4 2008, 11:33 AM.
Offline | Profile | Quote | ^
 
Dwayne
Profanity deleted by Hoss
^^^ The problem is, if the media continues to cover for him, then just what can we do?
Offline | Profile | Quote | ^
 
« Previous Topic · Politics and World Events Forum · Next Topic »
Add Reply

Tweet
comments powered by Disqus