Paul Krugman Tells GOP Senator: ‘Your Facts Are False’ On Social Security

See on Scoop.itDidYouCheckFirst

During a contentious panel on ABC’s This Week on Sunday, Sen. Ron Johnson (R-WI) found himself at odds with his fellow panelists — and with the facts — about Social Security’s solvency. Johnson and fellow panelist Rep.

Greg Russak‘s insight:

Capping payroll taxes for incomes above $113,700 for 2013 ( simply means that most of us pay FICA tax on every single dollar we make, while people like Lloyd Blankfein, chairman and CEO of Goldman Sachs, who made salary and cash bonuses of $5,000,000.00 in 2011 (total comp was $16million) paid his 4.2% FICA that year in less than 2 hours into 2011.

How’s that fair?

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Author: Peaceful Patriot

Proud middle class husband, father, and progressive liberal. Registered Non-Partisan but have much more in common with Democrats than Republicans. Consider Libertarians to be immature and underdeveloped in their understanding of reality. An atheist who doesn't care what you believe so long as you stop pretending the Founding Fathers intended for you to legislatively force your beliefs on everyone else. Laughs out loud in mocking disdain at the abject lunacy of birthers, climate science deniers, and hard core tea partiers. If that offends you, too bad. You're not rational and have no place at the adult table.

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