![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/ObamaUncleSam.jpg\"\/)
RUSH: Obama is now 40 minutes late for an appearance on extending the payroll tax cut extension. I have a question, and I\u2019ve asked this question on previous occasions. If, as the liberals say, there is a Social Security trust fund — and if it is funded, as the liberals say, by direct payroll tax deductions…?<\/p>\n
In fact, folks, Social Security is funded by only one thing, payroll taxes, FICA. That\u2019s the only way Social Security is funded. So the question then begins: “How does Obama get away with arguing that we need to cut payroll taxes that cut Social Security funding so that individuals have a thousand dollars, but then he also gets to claim to defend Social Security, which he is depleting by his own logic?” Extending the payroll tax cut depletes the Social Security trust fund. For those of you seasoned citizens, you have to understand the language. The payroll tax cut is “cutting taxes” paid into the only mechanism that funds Social Security. <\/p>\n
Could somebody ‘splain to me why this tax Obama\u2019s willing to cut? He will not cut income taxes. He will not cut corporate taxes or capital gains taxes, but he will cut the payroll tax. (interruption) Well, don\u2019t give me that. He says a lot of people don\u2019t pay income tax. You think he\u2019s getting a better bang for the buck by cutting payroll taxes because everybody supposedly pays them. Fine and dandy. He\u2019s defunding Social Security! Well, why doesn\u2019t somebody on our side make the freaking point? Why do I have to be the one who does all this every day? When did that job become mine? Seriously. I mean, I don\u2019t mind doing it, but why am I the lone voice on this stuff? Where are the Republicans on this? Why can\u2019t we make the point?<\/p>\n
RUSH: No, what Obama wants to do in order to pay for his Social Security tax cut is to raise taxes on the rich. That\u2019s how he\u2019s getting around this notion that there really aren\u2019t any Social Security reductions. He\u2019s gonna raise taxes on the rich. But there are Social Security cuts, because FICA is the only funding mechanism for Social Security! So if he raises taxes on the rich, he\u2019s not gonna transfer that money to the Social Security account — there isn\u2019t one anyway. It\u2019s all just to penalize the achievers. These are the same “rich” people whose Social Security benefits Obama would like to cut. Now, my example about the enemy being the people who work, I use the example of you go in and buy a dishwasher from somebody.<\/p>\n
“We\u2019re gonna punish those people!” The reason that we\u2019re gonna punish the guy who sold the dishwasher is because he sold it for more than it cost him. He sold it for profit and that\u2019s evil, \u2019cause he screwed people! He made money off of that sale! So he made money off of them. Those people needed a dishwasher. He shoulda let \u2019em have it for what it cost him. That\u2019s the thinking today. No. I kid you not. That\u2019s the thinking. He\u2019s supposed to stay in business because it doesn\u2019t cost him anything. He doesn\u2019t lose anything. So since he\u2019s supposed to say in business, if he charges exactly what it cost that\u2019s fair, so everybody gets a dishwater for real cost, a car at real cost. There\u2019s no profit in it and therefore nobody\u2019s getting screwed or taken advantage of or what have you.<\/p>\n
The purpose of a business is to create health care in the community. That\u2019s what these people think. If you go out and tell \u2019em… You know, there\u2019s a movement on to strike the word “capitalism” from our lexicon — and the next thing I\u2019m gonna hear is somebody will send me a note, “You know what? We need to stop talking about ‘profit,\u2019 too, Rush. We just need to focus on ‘economic freedom.\u2019 We\u2019re losing the argument on capitalism. Capitalism is a horrible term, it means people get screwed.” It didn\u2019t mean that until two years ago. So the left comes along and distorts the language, we cave to it, so we can\u2019t use “capitalism.” We\u2019re supposed to talk about “economic freedom” now. The next thing is I\u2019m gonna get notes from people, “You better stop talking about profits…”<\/p>\n
From friends of mine, I\u2019ll hear: “You better stop talking about profit! ‘Profit,\u2019 that\u2019s a loaded word now. Don\u2019t mention there\u2019s profit in anything. We can\u2019t keep talking about profit.” How come we don\u2019t get government services at their real cost, hmm? How can the government can make profit left and right, government can screw people, left and right? How come the same standard\u2019s not applied? (sigh) Anyway, I grow weary.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Obama is now 40 minutes late for an appearance on extending the payroll tax cut extension. I have a question, and I\u2019ve asked this question on previous occasions. If, as the liberals say, there is a Social Security trust fund — and if it is funded, as the liberals say, by direct payroll tax […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n