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House Agrees to Two Month Payroll Extension

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posted on Dec, 23 2011 @ 07:05 PM
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I know that the General rule amongst most ATS members is that if it give us nothing to complain and whine about then it is not news worthy but I thought since I didn't see it posted here yet I would share the news.

CSPAN Vid and Article




posted on Dec, 23 2011 @ 10:13 PM
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reply to post by Majiq
 

All of Social Security's funding comes from this payroll tax. By agreeing to an extension of the cut, Congress is reducing the money available to Social Security. In addition to the reduction in available funds, the Baby Boomers will start retiring and put more demands on the Social Security system. All of this makes it less likely that SS will be available for people under 55 when they get ready to retire.

If nobody else can find something to complain about in this, I can.



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