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Obama was for caps on SS before he was not for caps on SS:

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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-07-08 11:52 PM
Original message
Obama was for caps on SS before he was not for caps on SS:




Fact Check: Sen. Obama on Social Security

Today, Sen. Obama's campaign claims that Sen. Obama has never argued for completely eliminating the cap on the Social Security payroll tax.

This is false. In a September 2007 Quad-City Times op-ed, Sen. Obama argued that by lifting the cap for Social Security completely, 'we could virtually eliminate the entire Social Security shortfall:'

I believe there are a number of ways we can make Social Security solvent that do not involve placing these added burdens on our seniors. One possible option, for example, is to raise the cap on the amount of income subject to the Social Security tax. If we kept the payroll tax rate exactly the same but applied it to all earnings and not just the first $97,500, we could virtually eliminate the entire Social Security shortfall.

In a debate two months later, Sen. Obama defended the idea of lifting the cap entirely.

But what we can do is adjust the cap on the payroll tax. Right now anybody who's making $97,000 or less, you pay payroll tax on 100 percent of your income. Warren Buffet, who made $46 million last year, pays on a fraction of 1 percent of his income. And if we make that small adjustment, we can potentially close that gap and we can make sure Social Security is there...

Understand that only 6 percent of Americans make more than $97,000 -- so 6 percent is not the middle class..

The Urban-Brookings Tax Policy Center estimates that lifting the payroll tax completely would increase taxes more than $1 trillion over ten years.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-07-08 11:55 PM
Response to Original message
1. ZZZZZZ zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
:boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring: :boring:
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REDFISHBLUEFISH Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-07-08 11:58 PM
Response to Original message
2. His followers are not interested in facts.
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kurth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-08-08 12:03 AM
Response to Reply #2
3. Facts are detrimental to belief
BELIEVE. HOPE.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-08-08 12:05 AM
Response to Original message
4. He's always included a doughnut hole
Edited on Fri Feb-08-08 12:05 AM by sandnsea
For those between $97,000 and $250,000 or higher. This is just petty grasping at straws. Doesn't she have anything positive to run on?
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MadBadger Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-08-08 12:06 AM
Response to Reply #4
5. Seriously, lets just not respond anymore.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-08-08 12:07 AM
Response to Reply #5
6. It's too late to make phone calls
It's either respond to crazy cult threads or correct threads that are just out and out lying on the facts.

I think the crazy cult threads are covered.

:shrug:

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jackson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-08-08 12:09 AM
Response to Original message
7. St. Obama never flip flops
He leaves that to mortals like Edwards, Clinton, and Chuck Norris.
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