Peoples forum: Social Security is not the problem with our deficit
Posted: 12/26/2012 at 1:15 am
Our government implemented a payroll tax cut to give those working more money to spend. This payroll tax cut was taken out of the Social Security tax that each worker has been paying. This reduces the amount going into Social Security and makes the Social Security payments versus Social Security income look worse.
Now our government is looking at adjusting the method for calculating the inflation figures (meaning smaller cost of living increases) for increasing Social Security payments to keep up with inflation.
If you care about the future of Social Security as it pertains to you, contact your congressmen and let them know how you feel about the future of Social Security.