We like tax cuts as much as anyone. But the fact is, we're taking money from a pay-as-you-go retirement system that's already running in the red, and replacing that cash with IOUs. We're burdening future generations so we can spend tax cuts now.
When you hear and see the news reports on the payroll tax cut that is working its way through congress, keep in mind what it really cuts. If a Republican had tried to pull this stunt, the MSM, AARP, and all the rest of the assorted welfare state advocacy class would have been up in arms and screaming to the rafters about how it would destroy the Social Security system. Yet, since Obama is a Democrat, they are silent.