Letter: Washington put an end to responsibility taking holiday


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Posted Online: Jan. 08, 2013, 3:10 pm
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One year ago I had a letter published in this newspaper wondering when the government would stop robbing the Senior Citizens' Piggy Bank. In other words, how long would the payroll tax holiday last?

We now know that it lasted two years, when job holders paid 2 percent less than previously toward the Federal Insurance Contribution Act (FICA), which provides funding for the Social Security Trust Fund.

Now that you who are currently employed are again required to pay 6.4 percent instead of 4.4 percent FICA taxes, commonly known as "payroll" taxes, many of you are grumbling about having to pay the customary contribution to your future Social Security pension. Why don't those of you who got the payroll tax break quit complaining and just be thankful that you were essentially given a bonus of 2 percent during 2011 and 2012?

During the two year payroll tax holiday, the Social Security Trust Fund lost billions and billions of dollars, meaning that it will run out of money to pay current and future Social Security recipients their pensions even sooner than expected unless reforms are made.

Please let your senators and representatives know that you want them to start looking for a solution to this looming financial fiasco sooner rather than later!

Elaine Vinzant,
Moline

















 



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  Today is Saturday, April 19, the 109th day of 2014. There are 256 days left in the year.

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1889 -- 125 years ago: The little South Park Presbyterian chapel celebrated it first Easter decorated with flowers for an afternoon worship service attended by a large congregation.
1914 -- 100 years ago: The Wennerberg Chorus of Augustana College has returned from a 2,000-mile tour in the Eastern states and Illinois.
1939 -- 75 years ago: Col. Charles Lindbergh has stated that he is convinced that Germany's air force is equal to the combined sky fleets of her potential European foes.
1964 -- 50 years ago: Small gas motors may be permitted on boats in the lake to be built in Loud Thunder Forest Preserve. The prospect was discussed yesterday at a meeting of the Rock Island County Forest Preserve Commission.
1989 -- 25 years ago: The annual Dispatch/Rock Island Argus Spelling Bee continues to be a family tradition. Ed Lee, an eighth-grader at John Deere Junior High School, Moline, is the 1989 spelling bee champion from among 49 top spellers in Rock Island, Henry and Mercer counties. He advances to the competition in Washington, D.C. Runnerup was Ed's sister, Susan.






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