I was particularly struck by an important, yet unfathomable, piece of the President's plan delivered before Congress last night.

What am I missing here?

Isn't Social Security in trouble with too few workers paying for more and more retirees... some forced into retirement?!

The President's Plan, previously announced, shaved 2% off an employee's Social Security contribution for the full year.

Now, the President, in last night's speech, is proposing to make this tax break for employees even larger next year, while HALVING the employers' contributions, as well.

Specifically...you and I would only have to pay 3% in FICA taxes rather than the usual 6.2% and employers would pay 3.1% on the first $5,000,000 of the firm's payroll for all of 2012. 

Add to this...the allowance for a firm to be able to completely eliminate payroll taxes for one year if they hire new workers or give raises to existing employees.

That said...OK...what would you NOW have??

The very PONZI SCHEME that pundits are berating Rick Perry for suggesting!

Robbing Peter to pay Paul.

Here's what I mean...

The President maintains that this "plan" will have NO impact on the Social Security trust funds because the Treasury will be directed to make up the lost revenue.

HELLO, Mr. P. !!

So the Treasury will have to...DRUM ROLL, PLEASE...borrow the money!?

Where, may I ask, will that "shortfall" money come from?

Crank up those smokin' money printing presses, Mr. Bernancke, you ain't seen nothin' yet!

More BOGUS bucks.

Is he kidding?

Short term gain...for long-term pain...PERIOD!

So...do you still believe that the Social Security system will remain solvent for generations to come...including when YOU retire?

After watching the President lay out his "plan" last night, I'm starting to feel like the little kid in the crowd who pointed out that the Emperor was wearing no clothes.

If only THIS was a fairy tale!