The End of Social Security | MyFDL
President Obama's so-called payroll tax holiday is a shot in the gut of Social Security. Does he want to end economic security for the elderly? As Nancy Altman explains, the payroll tax holiday will ratchet up the pressure to cut and delay Social Security benefits because it means an expanded shortfall from the Social Security trust fund. Obama didn't get the 14 votes on the Deficit Commission needed to kneecap Social Security -- but I guess he found another way.