PREP FOOTBALL SCORING UPDATES PRESENTED BY THE HUNGRY HOBO:

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

















 




Local events heading








  Today is Saturday, Aug. 30, the 242nd day of 2014. There are 123 days left in the year.

1864 — 150 years ago: A large pair of elk, captured in Iowa, were exhibited in Market Square today.
1889 — 125 years ago: The Rock Island Arsenal dam was being constructed under the supervision of Charles Frances, of Lowell, Mass.
1914 — 100 years ago: Mrs. Frank Mixer, of Rock Island, was the winner of the final preliminary for the women's handicap golf cup at Rock Island arsenal links.
1939 — 75 years ago: Sixteen hundred persons — many from war-fearful Europe — arrived in New York aboard the German liner Bremen. For two days on the trip, passengers were cut off from the world with both incoming and outgoing radio messages banned.
1964 — 50 years ago: Police reported five youths have been involved in the theft of about seven cars in recent weeks. Three of the youths were arrested Saturday afternoon, one was in custody as the result of a previous arrest, and the fifth is expected to be arrested today.
1989 — 25 years ago: The Rock Island/Milan School Board is asking the city to tear down Franklin School and allow the school district to pay back the estimated $100,00 cost during 10 years.






(More History)