“Please explain to me how the “Fiscal Cliff Deal” is such a good thing for the average American when 80% of us will see at least a $1000/year increase in withholding....Pay check to pay check is how most Americans live. This increased withholding will be felt immediately by most of us.”
IF you want Social Security to still be there, then that pain you feel is necessary. Bottom line was that Obama was STUPID to have reduced witholding on Social Security as an “economic stimulus.” With Social Security being on shaky ground, it is foolish to think that a continued reduced witholding was anything but folly.
I understand that some of this is supposed to pay for social security. However, as I wrote earlier, I don’t think the government should be in the business of social security in the first place. Our government is already broke and is just playing a shell game with our money. Why should I give the Federal government more money throughout the year? That little bit of withholding means a lot more to me than those in Washington who are just going to mismanage it anyhow.