Romney: Obamacare fiasco "rotting" Obama's second term

There are 669 comments on the CBS News story from Nov 3, 2013, titled Romney: Obamacare fiasco "rotting" Obama's second term. In it, CBS News reports that:

Not so, says the Massachusetts program's architect, former Gov. Mitt Romney, R-Mass., who challenged Mr. Obama for the presidency in 2012.

Join the discussion below, or Read more at CBS News.

Eric Gustafson

Newport News, VA

#604 Dec 14, 2013
You're barking at the moon with empty rhetoric....... that's pretty much the expectations of republicans and their supporters.

Based on the conversation on Japan, you nor Indy couldn't identify the Islands of Japan on a map and neither have ever visited Japan to determine what they have or obtained any understanding of their social infrastructure.

Nor do you know jack about the Netherlands and their system of government or what drives their economy.

Funding for America's social spending is exclusively financed by the Americans in the middle class earning wages, it's not from contributions system wide...... those individuals who may be unfortunate enough to have to apply and receive help are only depending on prior contributions they've made in the form of FICA taxes which are exclusive to wages in America. That's the sole purpose of FICA Taxes, providing aid and assistance to those displace or disabled and children and senior citizens in need.
incredulous wrote:
<quoted text>He said it wasn't a welfare state.....unlike Europe and the US. Are you related to sheeple? I'm beginning to think you are. Let it go and quit twisting words around because it disrupts the flow of conversation. The more you drone on about this, the more you reveal your ignorance. Now, move on, already.

Since: Aug 11

Location hidden

#605 Dec 15, 2013
incredulous wrote:
<quoted text>It's very obvious the puppets have to twist what you say in order to make them look like they know what they are talking about. Those of us who have followed this thread know he is a fool and unable to back up his claims. Japan is very different from the US and the Netherlands. The Netherlands will force employers to support their employees for up to two years if they are sick! I don't know if that is still the law but if it is.....that could be one reason their products are so darn expensive. Oscumma is starting to put the hammer to our businesses ....small, medium and large.
You are right about that puppets.

“To contract new debts...”

Since: Apr 08

is not the way to pay old ones

#606 Dec 15, 2013
Eric Gustafson wrote:
Funding for America's social spending is exclusively financed by the Americans in the middle class earning wages, it's not from contributions system wide...... those individuals who may be unfortunate enough to have to apply and receive help are only depending on prior contributions they've made in the form of FICA taxes which are exclusive to wages in America. That's the sole purpose of FICA Taxes, providing aid and assistance to those displace or disabled and children and senior citizens in need.
<quoted text>
Actually, the top 10% of taxpayers pay 70.6% of the taxes collected by the federal government. While wage and salaried employees pay a flat 6.2% social security tax on the first $113,700 of income the 2.9% medicaid tax has no cap so again the top 10% will pay the majority of the funds collected. The first tax is FICA and your employer matches the employee contribution.
So, as even you can see, all Americans who earn an income pay into the system, whether they are rich, poor or middle class. By the way, spending on welfare programs is up again this year which makes it up 32% since 2008 which I'm sure is all George Bush's fault.
Annagain

Oakland, CA

#607 Dec 15, 2013
Hunglo wrote:
<quoted text>
Actually, the top 10% of taxpayers pay 70.6% of the taxes collected by the federal government. While wage and salaried employees pay a flat 6.2% social security tax on the first $113,700 of income the 2.9% medicaid tax has no cap so again the top 10% will pay the majority of the funds collected. The first tax is FICA and your employer matches the employee contribution.
So, as even you can see, all Americans who earn an income pay into the system, whether they are rich, poor or middle class. By the way, spending on welfare programs is up again this year which makes it up 32% since 2008 which I'm sure is all George Bush's fault.
We are falling backward in America, back to the Gilded Age conditions of a century and more ago when a few fortunate souls grew fabulously rich while a quarter of families had to take in boarders to make ends meet.
http://america.aljazeera.com/opinions/2013/12...
spOko

Oakland, CA

#608 Dec 15, 2013
Hunglo wrote:
<quoted text>
Actually, the top 10% of taxpayers pay 70.6% of the taxes collected by the federal government. While wage and salaried employees pay a flat 6.2% social security tax on the first $113,700 of income the 2.9% medicaid tax has no cap so again the top 10% will pay the majority of the funds collected. The first tax is FICA and your employer matches the employee contribution.
So, as even you can see, all Americans who earn an income pay into the system, whether they are rich, poor or middle class. By the way, spending on welfare programs is up again this year which makes it up 32% since 2008 which I'm sure is all George Bush's fault.
"The rich do not pay the most taxes, they pay ALL the taxes."

That wingnutz premise is completely false! However, regarding the federal personal income tax is indeed paid almost entirely by people with high incomes (that top 40% group includes single people with incomes as low as $51,000 and couples with incomes of $72,000). People with low incomes pay negative federal personal income taxes (that is, the government sends them checks) because of the earned income tax credit. But "taxes" are not the same thing as "federal personal income taxes." The federal personal income tax only make up 28 percent of all U.S. government tax collections (2012). Federal, state and local governments collected $4 trillion in taxes last year; just $1.1 trillion of that was federal personal income tax.

“To contract new debts...”

Since: Apr 08

is not the way to pay old ones

#609 Dec 15, 2013
spOko wrote:
<quoted text>
"The rich do not pay the most taxes, they pay ALL the taxes."
That wingnutz premise is completely false! However, regarding the federal personal income tax is indeed paid almost entirely by people with high incomes (that top 40% group includes single people with incomes as low as $51,000 and couples with incomes of $72,000). People with low incomes pay negative federal personal income taxes (that is, the government sends them checks) because of the earned income tax credit. But "taxes" are not the same thing as "federal personal income taxes." The federal personal income tax only make up 28 percent of all U.S. government tax collections (2012). Federal, state and local governments collected $4 trillion in taxes last year; just $1.1 trillion of that was federal personal income tax.
And $1.3 trillion of that was spent on the 83 overlapping social programs.
Eric Gustafson

Newport News, VA

#610 Dec 15, 2013
Actually the funding for American's social programs comes from Wage Earners in the form of FICA Taxes on wages.

The Medicaid tax rate is dependent upon whether a person is self employed or not. A regular employee has a tax rate of 6.2 percent. The self employed tax rate is 12.4 percent.

The Top 10% of income earners in America aren't wage earners.

Employers portion of Wage Taxes on their employees is an expense and as any expense related to an employers operation those expenses are written off to reduce their tax liability.

All elevation in social spending is a result of the Bush induced 2007 Great Recession that saw millions of jobs outsources or fold up. Especially those 2001 and 03 tax policies that deferred income taxes on American Corporations income generated overseas.
Hunglo wrote:
<quoted text>
Actually, the top 10% of taxpayers pay 70.6% of the taxes collected by the federal government. While wage and salaried employees pay a flat 6.2% social security tax on the first $113,700 of income the 2.9% medicaid tax has no cap so again the top 10% will pay the majority of the funds collected. The first tax is FICA and your employer matches the employee contribution.
So, as even you can see, all Americans who earn an income pay into the system, whether they are rich, poor or middle class. By the way, spending on welfare programs is up again this year which makes it up 32% since 2008 which I'm sure is all George Bush's fault.

“To contract new debts...”

Since: Apr 08

is not the way to pay old ones

#611 Dec 16, 2013
Eric Gustafson wrote:
Actually the funding for American's social programs comes from Wage Earners in the form of FICA Taxes on wages.<quoted text>
Except that currently payroll taxes are not covering the cost of those programs.
Eric Gustafson wrote:
The Medicaid tax rate is dependent upon whether a person is self employed or not. A regular employee has a tax rate of 6.2 percent. The self employed tax rate is 12.4 percent.
<quoted text>
Half right, FICA rate is 12.4% for all wage and salary workers, half is paid by the employer which is why you see the self employed rate of 12.4%
Eric Gustafson wrote:
The Top 10% of income earners in America aren't wage earners.<quoted text>
Huh?
Eric Gustafson wrote:
Employers portion of Wage Taxes on their employees is an expense and as any expense related to an employers operation those expenses are written off to reduce their tax liability.
<quoted text>
Dead wrong, employers can deduct employee net pay but must pay employer responsible taxes for those employees.
Eric Gustafson wrote:
All elevation in social spending is a result of the Bush induced 2007 Great Recession that saw millions of jobs outsources or fold up. Especially those 2001 and 03 tax policies that deferred income taxes on American Corporations income generated overseas.
<quoted text>
Again you are dead wrong, but please show me what policies you are referring too and try to be specific.
incredulous

Carmel, IN

#612 Dec 16, 2013
Eric Gustafson wrote:
you are in denial, there is no position of which any Republican have that there is a majority of Americans in support of, that's just absurd and bizarre thinking.
That's been proven over the course of two presidential elections and the most recent election for members of congress.
Not even among republicans is there a consensu for any Republican ideas.
Less than 40% of the nation wants a full repeal or any adoption that drops 49 Million Americans from access to health care insurance, 57% want minor adjustments to ACA and 47% of those want Single Payer.
Republicans have made ACA the central theme of two Elections and on both occasions have been obliterated from contention. It's a fools errand to believe ACA can be repealed, diluted or defunded. ACA just is being used by Republicans as a smoke screen because they have no other ideas and not practical solutions for America.
The majority in America agree that we don't want Republicans in power in Washington and that's been proven time after time since George Bush and the can't shoot straight cabal.
<quoted text>
That's because the stupid mooches have multiplied like rats. They outnumber the hardworking taxpayers who are tired of footing the bills. At some point, we won't be able to support the mooches, even though they may outnumber us at the voting booths.
Eric Gustafson

Newport News, VA

#613 Dec 16, 2013
The current expenditure are paid for out of the FICA Tax collected quarterly. The program would be better off had there not been commingling of those funds with the general funds of the United States.

6.2% is the Employee's portion of the tax, the 6.2% matching tax from employers is written off as an expense to reduce their income tax liability.

The top 10% of income earners in america don't earn wages, They are paid via capital gains thus avoiding wage taxes. This Jan for the first time capital gains in excess of $200K will be taxed at .2% to support the new health care law.
Hunglo wrote:
<quoted text>
Except that currently payroll taxes are not covering the cost of those programs.
<quoted text>
Half right, FICA rate is 12.4% for all wage and salary workers, half is paid by the employer which is why you see the self employed rate of 12.4%
<quoted text>
Huh?
<quoted text>
Dead wrong, employers can deduct employee net pay but must pay employer responsible taxes for those employees.
<quoted text>
Again you are dead wrong, but please show me what policies you are referring too and try to be specific.
Eric Gustafson

Newport News, VA

#614 Dec 16, 2013
The expenditures for Social Security, Medicare and Medicaid and associated social programs combined come to $1.6 Trillion annually it's absurd to believe that FICA Tax Collections don't cover at the minimum $2 Trillion Annually.

The Deficit is driven by Military and War Spending. Coupled with the 2001 and 2003 Bush Tax cuts, of which there were no set asides for are the real drivers of the $6.3 Trillion and climbing debt left by George Bush then there are the reoccurring cost associated with the expansion of the Federal Workforce and those military veteran benefits and disability claims from the invasions of Iraq and Afghanistan.

It's a false assumption that the social programs funded by FICA are the drivers of America's debt.
Eric Gustafson

Newport News, VA

#615 Dec 16, 2013
it's already been proven beyond any shadow of a doubt the moochers and parasites who pay nothing in terms of income taxes come from Republican Red States where the income are the lowest in America and those who reside in those states receive Federal Supplemental payment at income tax time to lift them out of poverty.

There is not one red state below the mason dixon line that sends funding to the Government in excess of what they take to make those states habitable. When you factor in the Appalachian Region and the Southern States along with those Mid Western plain States, all republican strongholds, not a one pitches in to the financial maintenance of America.

It's the Blue States who foot the bill for America and their tax payments that make living in republican dominated states habitable. Out of 36 Republican dominated States in America, maybe 3 make any kind of positive contribution to America, it's the Republicans in Congress who represent moochers and parasites living off the sweat and backs of others.
incredulous wrote:
<quoted text>That's because the stupid mooches have multiplied like rats. They outnumber the hardworking taxpayers who are tired of footing the bills. At some point, we won't be able to support the mooches, even though they may outnumber us at the voting booths.

“To contract new debts...”

Since: Apr 08

is not the way to pay old ones

#616 Dec 16, 2013
Eric Gustafson wrote:
The Deficit is driven by Military and War Spending. Coupled with the 2001 and 2003 Bush Tax cuts, of which there were no set asides for are the real drivers of the $6.3 Trillion and climbing debt left by George Bush then there are the reoccurring cost associated with the expansion of the Federal Workforce and those military veteran benefits and disability claims from the invasions of Iraq and Afghanistan.
It's a false assumption that the social programs funded by FICA are the drivers of America's debt.
I asked what policies from tax 2001 and 2003 specifically led to outsourcing, try answering the question.

“To contract new debts...”

Since: Apr 08

is not the way to pay old ones

#617 Dec 16, 2013
Eric Gustafson wrote:
6.2% is the Employee's portion of the tax, the 6.2% matching tax from employers is written off as an expense to reduce their income tax liability.
<quoted text>
I was wrong on this and will admit it. My original source was incorrect but I did verify this practice does happen.
spoko

Oakland, CA

#618 Dec 17, 2013
Hunglo wrote:
<quoted text>
Except that currently payroll taxes are not covering the cost of those programs.
<quoted text>
Half right, FICA rate is 12.4% for all wage and salary workers, half is paid by the employer which is why you see the self employed rate of 12.4%
<quoted text>
Huh?
<quoted text>
Dead wrong, employers can deduct employee net pay but must pay employer responsible taxes for those employees.
<quoted text>
Again you are dead wrong, but please show me what policies you are referring too and try to be specific.
"The rich do not pay the most taxes, they pay ALL the taxes."

That wingnutz premise is completely false! However, regarding the federal personal income tax is indeed paid almost entirely by people with high incomes (that top 40% group includes single people with incomes as low as $51,000 and couples with incomes of $72,000). People with low incomes pay negative federal personal income taxes (that is, the government sends them checks) because of the earned income tax credit. But "taxes" are not the same thing as "federal personal income taxes." The federal personal income tax only make up 28 percent of all U.S. government tax collections (2012). Federal, state and local governments collected $4 trillion in taxes last year; just $1.1 trillion of that was federal personal income tax.
incredulous

Carmel, IN

#620 Dec 18, 2013
Eric Gustafson wrote:
it's already been proven beyond any shadow of a doubt the moochers and parasites who pay nothing in terms of income taxes come from Republican Red States where the income are the lowest in America and those who reside in those states receive Federal Supplemental payment at income tax time to lift them out of poverty.
There is not one red state below the mason dixon line that sends funding to the Government in excess of what they take to make those states habitable. When you factor in the Appalachian Region and the Southern States along with those Mid Western plain States, all republican strongholds, not a one pitches in to the financial maintenance of America.
It's the Blue States who foot the bill for America and their tax payments that make living in republican dominated states habitable. Out of 36 Republican dominated States in America, maybe 3 make any kind of positive contribution to America, it's the Republicans in Congress who represent moochers and parasites living off the sweat and backs of others.
<quoted text>
You go beyond stupid with your bigotry and ignorance because you have little basis for your claims. Poverty is up in ALL the states right now due to oscumma's hostility towards small/med businesses. Increased taxation and oscumma care has destroyed this economy.

I dream of the day states could break away from big govt with the only obligation to contribute to defense and nothing more. End federal assistance and let the people thrive. Give people a choice, and let's see how popular your commie ideas would really be.
incredulous

Carmel, IN

#621 Dec 18, 2013
Eric Gustafson wrote:
You're barking at the moon with empty rhetoric....... that's pretty much the expectations of republicans and their supporters.
Based on the conversation on Japan, you nor Indy couldn't identify the Islands of Japan on a map and neither have ever visited Japan to determine what they have or obtained any understanding of their social infrastructure.
Nor do you know jack about the Netherlands and their system of government or what drives their economy.
Funding for America's social spending is exclusively financed by the Americans in the middle class earning wages, it's not from contributions system wide...... those individuals who may be unfortunate enough to have to apply and receive help are only depending on prior contributions they've made in the form of FICA taxes which are exclusive to wages in America. That's the sole purpose of FICA Taxes, providing aid and assistance to those displace or disabled and children and senior citizens in need.
<quoted text>
Your ignorance is profound because you have no idea what anyone in this forum knows which is evident by your ridiculous generalizations. Your diapers are sagging with a heavy load of stank....now go change them. No doubt nanny govt. has been too busy to do so.
Eric Gustafson

Newport News, VA

#622 Dec 18, 2013
What each state contributes to the US Treasury is a matter of open public record, just as what they take away from the Treasury's' coffers. We know with certainty where the loafers reside and what they bring to the table or remove from the plate.

The data confirms that the Red States that support Republicans are the moocher States in America with residents who are most dependent on Federal Subsidies and Aid to survive.

I only put forth the information contained in the official public records.

Your issue is that IN is one of the lowest median income Mid Western basins of poverty. 6.5 Million residents and a poverty level numbering 1 million. Don't take is so personal unless the information hits close to home for you.

the Economy is slow for some because of the Republican policies that created the most destructive economic and financial collapse since the fall of the Roman Empire in 2007, you supported those policies don't cry about the economy now.
u
incredulous wrote:
<quoted text>You go beyond stupid with your bigotry and ignorance because you have little basis for your claims. Poverty is up in ALL the states right now due to oscumma's hostility towards small/med businesses. Increased taxation and oscumma care has destroyed this economy.
I dream of the day states could break away from big govt with the only obligation to contribute to defense and nothing more. End federal assistance and let the people thrive. Give people a choice, and let's see how popular your commie ideas would really be.

Since: Mar 11

St. Croix valley

#625 Dec 19, 2013
Jim Shortz wrote:
<quoted text>
goofstufson, your silly chump occupant resident has solidified himself as the worst president by far bar none - nobody close...he left jhimmi al-carter in the dust
how sad for you drooling liberal chimps
by what metrics would you make this judgement?
incredulous

Carmel, IN

#626 Dec 19, 2013
Eric Gustafson wrote:
What each state contributes to the US Treasury is a matter of open public record, just as what they take away from the Treasury's' coffers. We know with certainty where the loafers reside and what they bring to the table or remove from the plate.
The data confirms that the Red States that support Republicans are the moocher States in America with residents who are most dependent on Federal Subsidies and Aid to survive.
I only put forth the information contained in the official public records.
Your issue is that IN is one of the lowest median income Mid Western basins of poverty. 6.5 Million residents and a poverty level numbering 1 million. Don't take is so personal unless the information hits close to home for you.
the Economy is slow for some because of the Republican policies that created the most destructive economic and financial collapse since the fall of the Roman Empire in 2007, you supported those policies don't cry about the economy now.
u
<quoted text>
The economy is slow in every state in this country. Welfare is booming which is why you are living it up. Your simplistic views are not deserving of any discussion particularly when you waste time looking at govt. figures and attempt to correlate with your commie views. I don't live in IN so your attempt to insult me has failed once again. I enjoy watching liberal hypocrites like yourself bash states like IN along with the southern states....which is why I use it as my 'location'.

Why don't you share with the readers what states are thriving in this economy and why. <snicker>

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