I'm sorry my liberal friends, but I think cutting payroll taxes is a really, really bad idea. Why? Because Social Security shortfalls will cause the program to become an "unfunded mandate" and increase its vulnerability to conservative attacks. (You know the ones that have been highly effective to date.) Yet another of our precious safety nets will become threadbare to the point of breaking.
When is Washington going to face the stark fact that cutting taxes DOES NOT equal economic stimulus?
Here's what I think...
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