... because of "shock" horrible employment numbers which were a shock to no one but the incompetent hacks in the Obama administration and their sycophants in the mainstream media.
ZeroHedge has the story.
Social Security, which is already on an express train to bankruptcy, will obviously go bankrupt much faster if we stop collecting the payroll taxes that fund it. But Social Seurity bankruptcy is not Obama's problem. It will occur after he's out of office (assuming he doesn't suspend the Constitutional two-term limit). And a little reckless short-term stimulus like payroll tax suspension might be just what Obama needs to get re-elected.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...