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This point? because of the crazy way the federal reserve has distorted our credit markets with zero percent interest ratings. it will not have much impact at all. what you will see happen. it is it a straw on the camel sagging back on hurting the economy next year. with the tax increases that are coming in . remember, the pay roll tax will go up substantially and you will have a hurt first quarter and small businesses gradually losing more and more confidence and they are the drivers of the economy . that confidence index is going down and it will be roof sledding. it will be worse than this year. i think that many people will be surprised when they look at their paychecks with the pay roll tax increase that is going forward. it is it affecting the middle class and not just top two percent as everyone said in ....
Workers but also the fact if you continue to work beyond the social security age, all of that money in the system in terms of pay roll tax will not come back to you. we are disincenting people to work . we have to raise it and index it to life expectancy going forward. i will quote from mitt romney for president website rick, i do that all of the time. for future generation of seniors mitt believes it should be slowly increased to account for increases for longevity. i am congentitally social? they are both right. we do have to raise the age . there is no getting around it. we need to remove the caps. this is the most regressive ....
Our snuggle up and win sweepstakes starts soon. enter at snuggleupandwin.com today. tempur-pedic, the most highly recommended bed in america. coming up at the top of the hour, president obama is ready to put his hawaiian christmas on hold. will congress act on the pay roll tax and opportunity employment benefit? plus, mitt versus newt takes a closhful tone. and breaking news out of penn state university, jerry sandusky once again in handcuffs. as more accusers come forward. now back to tamron in washington. the lucky recipient of an invitation to the white house christmas party. thank you. facebook says it has now fixed the glitch that gave people access to users private photos but not before it got to the founder of the site. several of mark zuckerberg s ....
and good morning, everyone. it s friday, december 2nd. ali and carol are both off today. i m christine romans along with alina cho on this american morning. so glad you got the memo. i know. we re both feeling a lot like christmas this morning. up first, the countdown is on for herman cain. he s heading back home to atlanta this morning in the decision to whether continue his campaign could be in his wife s hands. cain says we will know by monday at the latest whether he s in or out of the race, and yesterday for the very first time, cain admitted that getting out is an option. he okay knowledged he did give money to the woman he said she had a 13 jeer-year affair with . his wife only found out about ginger white when the rest of us did. that is correct, and she was hurt that she didn t know about this friend that i was helping financially. she was aware of many of the other friends that i have helped. ginger white spoke to lawrence o donnell on msnbc last n ....