Stop the Obama Express

Today on AOL's cover page brought to you by that liberal left wing owner Huffington, Puffington Post, there was an article touting Obama's much needed  bump to get him re-elected. They touted how people don't realize how much money they saved thanks to his tax Relief, Unemployment Insurace Reauthorization and Job Creation Act. Below is an except from it plus some interesting comments by readers follwed by some of my comments.

While many have been hoping for some kind of tax cut from the fellows running for president, we've already been enjoying one. The payroll tax cut that President Obama enacted through The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 reduced the bite taken out of our paychecks taken for Social Security by two percentage points (from 6.2% to 4.2%) . For the average American family, that amounts to about $1,000 per year.

Where It Went

The NFCC survey also revealed how those who were aware of the hidden bonus in their paychecks put the surplus funds to use in 2011:

• 53% paid down their debt
• 24% paid off past-due bills
• 12% increased contributions to retirement accounts
• 9% saved most of the money
• 3% treated themselves "to something special"

Those who weren't aware of the bonus probably didn't fritter away the money. According to the Bureau of Labor Statistics, the Consumer Price Index rose 3% during 2011, with food prices rising nearly 5%, gasoline rising 10%, and fuel oil surging 18%. So whether you noticed the bump in your paycheck or not, some of it probably helped you fill your car with gas, heat your home, or put food on the table.

Be Proactive -- and Prosper

john
Did i read this right? He took 2 per cent away from money earmakrked for Social Security ... when social security is on the brink of financial failure ? This is something we should be applauding? What's wong with you?


dal
So since when is not paying as much into the already failing social security system a tax break? Give me a real tax break or just a break like you did for the corrupt banks and wallstreet, take the interest money you made with my tax dollars and send me a cut! now that would be nice.


jokinok1
Social Security is going broke. So..let's reduce the amount everyone pays into it. Someone explain how this is a good idea. Now, if they had reduced the amount of income tax withheld, I could see that.


milliereal
What a joke! No body near me got a $1000.00 Bonus! Who do you think you are kidding the left? Huffing Post is in the pocket of Obama! Worst President in History! Lies and more Lies. We need truth and it is hard to come by. Wake up and get right you Democrats! Quit trying to feed smart people a pack of lies! We don't buy it and never will!


roy1229
A thief not stealing all my money and leaving a little is not a raise or a bonus.


rxpharmd
Lets see....$1000 a year extra for the average family. Gas goes from $1.85/gallon to $3.85/gallon....bread winner drives average of 385 miles per week...do the math...puts the average family over $1000 in the hole this past year based on a car getting 20 miles to the gallon.


I'd like to add to some of the comments especially the last one here. When Obama took office gas was $1.85 a gallon and now is teetering around $3.50 a gallon and expected to go up to $5 by the summer. That's a 90% increase in gas prices so far and Obama rejected  the Keystone pipeline and any oil imports from Mexico which would keep prices down. Now with Iran shutting off gas imports to France and the UK and threatening to shut down the straights of Hormuz we are in serious trouble. If Isreal attacks Iran (and I can't blame them. If  someone threatened me with wiping me off the face of the earth I'd want to retaliate too) gas prices will go even higher. It's Obama's gas prices now. He's earned it. He can't blame Bush anymore.


Also umenployment was 5.6 % when Bush left office. When Obama came in it started to rise and he said if we passed his 700 billion stimulus package it would't go above 8%.Well we passed it and it went up to 10% and then down to 8.5  and is expected to go back up to 9% Come the summer it will no doubt rise again with college kids being out and companies laying off. If you count people who have given up or are no longer receiving benefits it is a lot higher.


So we have record debt, record unemployment, record deficits, more people on food stamps than any time in history, gas prices rising and the Obamas just took their 16th vacation in three years. Like the bumper sticker I saw on a truck yesterday said, "There's No Hope in Socialism."