I'm reposting this so it can move past the childish rants of a few and get some real debate going.
I'll give a very original reply to this that I think no one has posted yet. I think everyone in Congress is wrong about this politically and fiscally, and I'll tell you why. The Dems are wrong because A) The cut they proposed (with GOP minority support) does not fund itself properly and has no long term plan B) They are cutting funding for the very program they always champion, Social Security C) They are punishing Freddie and Fannie, 2 companies they have a vested interest in seeing prosper. The GOP and Tea Party are wrong because A) They are cutting the one tax that can vilify them later. I don't put it past the Dems to use the fact that they want to cut this tax longer as a later argument that the conservatives are trying to bankrupt Social Security. Honestly, would that surprise anyone on this? B) The House should have made it known they would not vote this bill in a lot sooner than they did C) The GOP and Tea Party (notice I didn't mention them as one party) should have suggested another kind of tax cut besides the payroll tax. In addition, why would anyone want to cut this tax longer, which is something both parties want to do, just at different times. This is the last tax our gov't should be going after. As jacked up and underfunded as Social Security is, we should not be cutting the only source of funding for it. I don't agree with Social Security one iota. However, a promise was made to the American people, including myself, that we would get what we put in. I think Social Security should overhauled and made voluntary, but that's neither here nor there because its still active and we have to solve it. There you have it, a non-partisan look at how stupid our Congress is, no matter the party affiliation