When you get your paycheck on Friday, you may do a double-take at your new take home pay. Millions of Americans will see their paychecks go down after Congressional leaders allowed the payroll tax cut to expire at the beginning of the year.
As Republicans in Congress prepare for a major fight with Senate Democrats and President Barack Obama over the economic future of the country; the eurozone is painting a very dark picture of what could lie ahead if America takes the wrong path.
Congressional leaders are patting themselves on the back Wednesday after finally passing a bill dealing with the fiscal cliff. The bill prevented most tax hikes for middle-class taxpayers, but that doesn’t mean Uncle Sam won’t be taking more out of your paycheck.
The debate results are much less lopsided than the first debate, but Obama’s failed promises of the past four years which were clearly expressed by Romney dictate that Obama couldn’t win the debate. Romney won again.
Mitt Romney’s apprentice salesman stepped on the stage last night and delivered his talking points, but little more. Throughout the night, Joe Biden delivered lesson after lesson to the ambitious young Congressman from Wisconsin.
Both candidates did what they had set out to do. Biden reached out to his base, and Ryan spoke to those who don’t like the direction the country is headed. Republicans are likely not happy that Ryan didn’t deliver the knock-out debate Mitt Romney did a week ago while Democrats are, as previously stated, ecstatic Biden didn’t have a bad night.
Vestiges of the economy also were found in the second question in the CBS Local Presidential Forum on their view of the role of the federal government.
Like Reagan’s cautious approach to the debates in 1984, Obama knows he is the president. Obama was the cautious champ, picking his moments and more concerned with overplaying his hand than winning every point in the first meeting.
Unlike Obama, Mitt Romney has been talking about his plan to save Social Security on the campaign trail in the recent past. Though it is getting little to no coverage in the national press, it should be getting the positive “buzz” it deserves.
Obama has been moving the needle with seniors using distorted arguments about Social Security and Medicare. Fortunately for GOP presidential challenger Mitt Romney, seniors’ top concern is the economy’s struggles under Obama and seniors have overwhelming voted Republican in the last two presidential elections.