OBAMA's EPA will COST SS/Medicare & Federal budget $500 billion!!!

[healthmyths]

Lawmakers today issued a new warning that an aggressive antismog plan being pushed by the EPAepa could cost the nation $1 trillion,
kill another 7.3 million jobs, or 4.3 percent of the workforce in 2020.
New Fears EPA Smog Rule Will Cost 7.3 Million Jobs - US News and World Report

So assuming each job has annual salary of $40,000.
The employee pays 4.2% for Social Security 1.45% for Medicare and employer pays 6.2% SS and 1.45 Medicare or total of 13.3%
That's $5,320 per year.
7,300,000 jobs lost due to EPA costs the FEDERAL REVENUE $38.9 Billion ! $39 billion a year in LOST FEDERAL REVENUE PLUS those payments were going back out to retirees!

But it gets worse...If every one of those 7.3 million have 99 weeks of unemployment checks at $300/week a total of $216.8 BILLION PAID OUT!!

Folks that is just from the EPA costing 7.3 million jobs a total of over $250 BILLION loss of revenue and outgo of money per year for YEARS!!!!

 

[healthmyths]

ONE point I hope EVERYONE grasps from the above and that is what I KNOW millions of people DON'T KNOW is this and I'm making it in big fonts!
THE EMPLOYER PAYS MORE IN SOCIAL SECURITY AND MATCHES EMPLOYEE'S MEDICARE! This means each EMPLOYER pays 57% of what is paid to SS/Medicare!
PLUS again millions of people have NO idea that the EMPLOYER pays a TAX for every employee to fund the unemployment checks!

 

[davidlee]

Obama the job killer

 

[lukelk]

did you know, if we had followed why romney and ryan want, SS/medicare would be gone right now, they want t privatize it and tie it to the stockmarket. as you know, the stock market had the bottom fall out, now, that would mean SS and medicare, WOULD BE GONE!

 

[BBCAmerica]

I remember reading this like a year or 2 ago. I haven't heard anything about so I figured it was dead. I really can't see anyone voting for this. Is this something new on it? Oh OK no this is not new. It's the samt thing I read in July of 2011

 

[Liberal]

I remember reading this like a year or 2 ago. I haven't heard anything about so I figured it was dead. I really can't see anyone voting for this. Is this something new on it? Oh OK no this is not new. It's the samt thing I read in July of 2011

Doesn't matter Healthmyths is a troll, facts and current information elude her thought processes.

Ask about her website, it explains it all.. It's a real "hoot".

 

[healthmyths]

did you know, if we had followed why romney and ryan want, SS/medicare would be gone right now, they want t privatize it and tie it to the stockmarket. as you know, the stock market had the bottom fall out, now, that would mean SS and medicare, WOULD BE GONE!

I am so glad you brought this up... because you and biden alike are in Biden's terms full of MULARKEY!!!
Unlike you and your bidenlites... FACTS not hyperbole!!!

A) Any of us in favor of "Privatizing SS/Medicare" NEVER USED THAT TERM! Bidenites and idiots use that term!
B) Proper term "CHOICE"
Choice being ONLY for those UNDER AGE 55 everyone else continues as is!!!
CHOICE then for those UNDER 55 to choose... KEEP exactly the way they are doing
CHOICE ONLY use a mix of SOLID secure investments LIKE what SS invests in ... US TREASURIES!!!
CHOICE of a mix of high growth potentials when younger moving as SMART people do the older towards more secure like bonds.. and near retirement 80 to 100% Secure!

WHERE in any of that would any SANE smart person at age 65 be in the stock market enough to LOSE as you said "BE GONE"??

That mentality you displayed IS why idiots like you have relied on scare tactics.."oh don't want to be in the market...gamble..."
WELL IDIOT.. the facts are IF I at age 25 when I entered the job market had the $5,000 my employer and I contributed to SS/Medicare and I was GIVEN the freedom to choose and I had from age 25 to 45 in that DANGEROUS risky stock market would have at age 45 $238,000 .
Then age 45 take half that and put in 3% growth secure bonds, etc.. leave rest in risky stock market.. for 20 years at age 65 would have: $1,022,867!
GIVEN the choice at age 25 that 20 years in "risky stock market " has shown growth for 6% means $238,000
Then age 45 switch half to 3% bonds,etc. left in "risky stock market".. TOTAL 40 years ONE MILLION dollars ..
IDIOT ???? IF the "risky stock market was so risky" WHY has it been around for hundreds of years???
WHY has the average appreciation of $1,000 in the "RISKY MARKET for 40 years grow to $13,000???
Why are YOU IDIOTS so afraid of letting the AVERAGE AMERICAN HAVE CHOICES???

Are you anti-choice, anti-freedom people actual PROJECTING YOUR OWN ignorance and assume the rest of AMERICANS ARE AS DUMB AS YOU that you have to have
the government be there when you are born (womb) and control your life and burial ( tomb)!

ARE YOU idiots truly that mindless?? THAT IGNORANT you can't be educated, or make your own decisions???

YOU in the scheme of Darwinism are not long for life in this world!!!

OH I'm SURE you are so stupid you won't know how to use this calculator but for the "smart" intelligent people.. go to this web site and
it will prove my figures as this is where I got them!

Simple savings calculator -- Bankrate.com

I used 3% for bonds... 6.5% for "risky stock market".. started with $5,000 (which is what age 25 with a $40,000 salary would be contributed).
Then at 45 split the money half in bonds half in "risky stock market" and accumulation for 20 years $1 million!!!