{"id":24010,"date":"2006-12-19T01:01:01","date_gmt":"2011-05-19T06:15:20","guid":{"rendered":""},"modified":"2011-05-19T06:15:20","modified_gmt":"2011-05-19T06:15:20","slug":"where_was_gop_when_bush_wanted_to_fix_social_security","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2006\/12\/19\/where_was_gop_when_bush_wanted_to_fix_social_security\/","title":{"rendered":"Where Was GOP When Bush Wanted to Fix Social Security?"},"content":{"rendered":"
\n

RUSH: I mentioned this shortly after the election, earlier this month. I admittedly didn\u2019t spend a whole lot of time on it because I wasn\u2019t sure how accurate it was, but now the story has reappeared in the Washington Times<\/a> today. “The Bush administration has sent signals since last month\u2019s elections that the president is prepared to accept some tax increases on upper-income families, worrying congressional Republicans and fiscal conservative watchdogs who say he will compromise with Democrats to win a legacy accomplishment. … The watchdog groups have been demanding that the president repeat his earlier pledges not to raise taxes in order to reform Social Security. But the White House has refused, with officials saying everything is on the table, including tax increases.” <\/line>Let me tell you what this is about. This is about Social Security. The president gave a shot at Social Security reform, the old private accounts gang; it didn\u2019t work because there\u2019s this word in Social Security, “security,” and the recipients really believe in that word, and when they hear “private accounts,” it conflicted with “security.” It was a valiant effort. I was all for it. It was a great plan. That\u2019s the only way we\u2019re ever going to really solve the problem, but the marketing of it just didn\u2019t succeed. So the president has two years left. There\u2019s gotta be something done here. I\u2019m going to miss these numbers. I\u2019m not going to get \u2019em exact because I don\u2019t remember the story in that much detail from shortly after the election. But right now the current ceiling on income that is taxed under Social Security is around $94,000. It\u2019s going to go up to $191,000. They\u2019re talking about that and raising the rates. <\/line>Again, correct me if I\u2019m wrong, because as an entrepreneur and an equity player and an asset owner, I pay it all when it comes to Social Security, as everybody else does. I love this term, “Well, yes, the employer matches your Social Security contribution.” That\u2019s BS! You\u2019re paying it all. Don\u2019t anybody call and argue with me about this. The notion is that you\u2019re paying 7.5% — that\u2019s what your FICA is — and the employer (God, what a great guy!), he is matching your donation at 7.5%. But you are paying it all because whatever it costs the evil boss to hire, whether you see it or not, is what you are being paid. It\u2019s the same thing with your health care benefits and you are 24\/7 family medical leave, whatever it is. It\u2019s all costing somebody that much to hire you. You may not see it all in your paycheck. Anyway, I pay the whole thing. I think it\u2019s 12% now or somewhere around there, or 15%. <\/line>At this point, I\u2019m so frustrated, I just sign the check. Anyway, they\u2019re thinking of raising that rate — to what, I don\u2019t know. This has long been an effort by the Democrats. Even while we\u2019ve cut income taxes for the vast majority of the middle class, Democrats are saying, “That doesn\u2019t mean anything. It\u2019s the Social Security tax! Why, that\u2019s where the rich are getting off scot-free, because after $94,000, they don\u2019t pay anything and most people don\u2019t earn $94,000, so most people are paying a larger share of the freight on Social Security.” My attitude is that it\u2019s about time the middle class paid their fair share of taxes, but that\u2019s another story for another program and another time and another day. This is something that is being looked at as a stopgap, but here\u2019s the problem.<\/line>Even with (if I\u2019m remembering this right) the new ceiling at $191,000 — and not instantly; it would take years to escalate to that, but it would eventually get there — that\u2019s not going to save the program. That\u2019s not going to save it. This is just typical temporary passing the buck. Now, I have no sympathy for Republicans in Congress, as this story describes them, being apoplectic or, what do they say? They\u2019re “worried,” because this will be a “compromise with Democrats to win a legacy accomplishment.” Look, when the president tried to do this, if he had a little help from the people in his own party, who knows if it might not have had more success. I\u2019m not crazy about this plan, either, don\u2019t misunderstand, but I have no sympathy for people who sit around sucking their thumbs for two or four years while the president was taking on hard things and wasn\u2019t getting a whole lot of support, particularly over in the Senate.<\/line>So if these guys are going to act like crybabies, “You can\u2019t do that to us! You can\u2019t do that to us!”<\/line>Yeah? Well, where were you when the time came to get tough?”<\/line><\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: I mentioned this shortly after the election, earlier this month. I admittedly didn\u2019t spend a whole lot of time on it because I wasn\u2019t sure how accurate it was, but now the story has reappeared in the Washington Times today. “The Bush administration has sent signals since last month\u2019s elections that the president is […]<\/p>\n","protected":false},"author":25,"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":"\nWhere Was GOP When Bush Wanted to Fix Social Security? - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2006\/12\/19\/where_was_gop_when_bush_wanted_to_fix_social_security\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Where Was GOP When Bush Wanted to Fix Social Security? - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: I mentioned this shortly after the election, earlier this month. 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