These payroll tax cuts are foolish and poorly thought out

SS was fine when people who collected it only did so for a year or two but now we're refusing to die when our bodies fail us and SS is, as you said, unsustainable. It's not fair to burden young workers with supporting old people who live way beyond their natural lives. I say this as a 57 year old that hopes not to live past 72-75! The only solution to SS is to phase it out ASAP but the success of that depends on the revamping of family values as they used to be--when families cared for each other and lived together or very near each other. If mom and Dad or the grandparents got sick or infirm they got taken in by the younger people and the young knew that they would be supporting their parents in their old age. But this was so long ago and the family has been chipped away at so severely that I don't know this is a viable solution. I'm one of the lucky ones, my kids expect me to live with them when I'm old. This Ponzi scheme that's robbed us for so long will either fail or bankrupt our finances. It all comes down to reviving family values, which politicians have steadily worked to destroy over the past 50 years.

Are you actually saying it's not "the rich" but the REST of us who are not paying our "fair share"? With all due respect, Taskr, I'm in favor of those with incomes over a million dollars paying a very small percentage more on each dollar OVER the first million and I don't consider myself a whiner, not by a long shot. I'm also glad there's such a thing as an EIC so lower income earners with children can stay out of poverty. Some people who have been very lucky in life don't seem to realize if these people were made to pay more in taxes they'd have NOTHING left to help get and keep the economy moving along and to help the rich stay that way and get even richer. That 47-51% is a constantly changing group of people in general since usually it's only families with dependent children who are eligible for the EIC and whose incomes after deductions and exemptions are low enough that they owe no federal income taxes so once their children reach 18 they lose them as dependents. Also, for anyone who isn't aware, only two children can be used as dependents in order to be eligible for the EIC; any additional children won't increase the credit at all. I agree, changes are needed in order to sustain Social Security for future generations. That's why I agreed with the "millionaire's tax" to pay for the payroll tax holiday extension. The measly $7 per $1000 in taxes on income over a million won't stop one single job from being created but the extra $1000-2000 per year is - in the words of our Vice President - a big f#@*ing deal! I also think the cap on income subject to the payroll tax should be removed or at least increased substantially. I know you disagree with me and that's fine, but I have a feeling on of the main reasons you're against this particular tax cut is that the Democrats and especially the President are FOR it! Annie

Right now, everything seems broken. They Social Security system, health care, and pretty much you name it. It's all bad right now.

Well said. And I was gonna add my two cents but so far everyone has said it so much better than I could have.

Well Social Security isn't sustainable to begin with so I mean making it fall faster is a good thing for this country maybe people will wake up and realized they should take care of their own Retirement. Just sayin' also I am pretty sure that i don't pay anything more than payroll tax and I get that back at the end of the year anyway because I don't make enough income. I am however against payroll/income taxes to begin with so yeah lowering these taxes are a good thing. Just my thoughts oh and they aren't buying my vote as well I will more than likely be voting Libertarian as I did in 2010 as I have a feeling the GOP will pick Newt or Romney.