Replies to post #63479 on Your Economy (No Politics) (YE1)

[EarlyOne]

I for one am glad they have not extended the payroll tax cut. The cut hurts Social Security because it results in a 2% less inflow of money into the Social Security trust fund. The bills either side of the Congress were proposing do nothing to replace the 2% less money going into the Social Security trust fund. They were claiming to offset less money going into the Social Security trust fund by increasing revenues to the general government expeditures or decreasing the amount of general government expenditures. In other words they were simply fattening the government's general budget while handing out candy (in the form of 2% less SS payroll tax) to the hapless sheople.

Those nobel (or as a honest man would say "treasonous") legislators were putting less towards each workers future retirement, all the while spending more now and worsening a future crisis in Social Security. Remember, members of Congress and many government workers are not part of the Social Security system.

I continually ask "why are they doing this?" If you rule out greed and corruption, then it seems like all our leaders know there will not be a tomorrow. "There will be no tomorrow" is the only rational explanation for why they would deliberately throw our future away (if you rule out their own greed and corruption).