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Martin: Payroll Tax Deal Really a Social Security Cut

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    60 Plus Association Chairman James Martin argues the Obama Administration is the most anti-senior administration in history.

  • Duration 3:09
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But even Democrats are going after President Obama over the new payroll tax deal critics say it begins the quote unraveling of Social Security.

James Bond.

-- of the sixty plus association is what -- he is from DC.

James.

And it was set -- to -- who said look you surprised the you've never expected to see a Democrat president unraveling Social Security.

Do you agree.

That this payroll tax holiday extension which takes money out of such security does -- Begin the unraveling.

Of Social Security.

It absolutely does that we commend senator Harkin.

For being honest about this and look the payroll tax cut should be called over for what it really is it's a Social Security.

Cut.

That now there have been various proposals to reform social secure and I I just -- where you stand on some of them.

President Bush basically wanted to privatize it did you go along -- you do you agree with it.

Well I did but quite frankly -- demagoguery that abounds on this particular issue it's been going on since Barry Goldwater days.

President Bush tried.

To save Social Security if you leave it alone as the Obama administration proposes to do.

It's gonna go out of business this happens to be I think the most anti.

Senior administration in history.

Look at what happened two years ago with passage of obamacare cut a half a trillion dollars out of Medicare.

Safe years noticed they paid the price they lost one half for the congress -- -- cutting a hundred billion dollars out of Social Security.

Singers are so there's gonna be.

But but we didn't -- and that's you know what when that payroll tax extension was put in place we didn't hear much from seniors about unraveling Social Security it was always portrayed as a middle class tax -- That's the way that issue was played.

What will -- that we -- saying hey this is on -- this is very bad news and.

Actually at the time I'll I'll be honest with you I was absolutely astounded.

When they offered this cut.

For Social Security I tried to yell loud and clearly.

Don't go there but -- megaphone is not big enough.

Like a lot -- -- mega phone but also fall well maybe the AAR pity.

They'll say something never strangely silent course there over the are counting their money signaled the bank there a fortune 500 insurance conglomerate.

Nothing else I must tell you I was very disappointed even the Republicans.

You know when you get a tax cut under the guise of job creation Republicans.

Reflexively.

Vote for a tax cut I think they got -- are quite frankly.

Now you're on a dilemma if you don't -- and if you voted yes that then they say well you're you're for a tax hike that's not true.

And and you know mr.

mr.

Harkin while I I praise -- For.

For being honest about the situation.

Of course this solution is not the same a smile on his solution of course -- like.

Bernie Sanders just keep raising taxes that -- get -- the solution I James -- and we thank you for joining us appreciate your input tax.