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No payroll tax extension and no extension on unemployment benefits!!!

It is the payroll tax CUT that is being extended, not the payroll tax. Boehner and House Republicans (including Paul Ryan) are opposed to extending the CUT for only two months and will, tomorrow, negotiate for a one-year extension. Not that you or your "true conservative" ilk would appreciate it.

As a result, most people will benefit from a cut in Social Security taxes (also known as Payroll Taxes). Senate voted overwhelmingly on Saturday to extend a payroll tax cut for only two months...

Now if congress keeps stealing from the the Social
Security fund then it will forever broken... The Un-employment benefits program should revert to the old scedule. Extending it would make it easier for people to sit on their duffs!

No it is a payroll contribution (vice tax) cut that is being extended. And exactly how would the SSTF be paid back for the lost revenue? By issuing more IOUs, i.e., non-market T-bills. In the meantime, SS, a pay as you go program, will experience a reduction in revenue, which must be made up by cashing in the IOUs in the SSTF to make up the shortfall. The General Fund must come up with the money to redeem them, which should give one pause since 42 cents of every federal dollar are borrowed.

What this really is another stimulus plan using borrowed money and having SS as the conduit to give people what amounts to a rebate. There will be no real payback to SS since the USG will just issue more IOUs to the SSTF over a ten year period. The money raised to payback those IOUs will be used by the General Fund for whatever purpose it wants just like the SS surplus used to be used when we had one. SS has been running in the red since 2010. It is also important to remember that the SSTF represents an unfunded liability, which is why it is included in the national debt under "Intragovernmental Holdings."

Sen Kirk, no conservative, but he has it right. In this clip he schools two reporters from the LAT and Politico.

Ummm. I consider myself a conservative, but since both myself and my husband are unemployed (not on purpose) the payroll tax cut does nothing to help us.

Extending the tax cut, for 2 months or 2 years, means that folks will NOT be contributing anything to Medicare and SS.

Not that the SS ‘fund’ is in good shape, because it isn’t, but how will further depleting it help that situation?

I did read that no one including Obama can ‘touch’ (plunder, raid) the SS ‘funds’. If this is true, extending the cuts only makes him look like a hero, and he will be free to raid all the funds from other taxes, like the one being added to mortgages and refis.

I don’t think the payroll tax cut should be extended at all and Boehner and friends need to explain loudly and clearly to the American taxpayer why.

Obama is a master flim-flam man and this is the first and only compliment I will ever pay him. He has thoroughly flim-flammed the Republican establishment over this issue and they are buying it, hook, line and sinker.