Why did they lower the 2011 SS tax rate?

Tax rate for SS for employees in 2011 is going from 6.2% to 4.2%. What I don't understand is haven't we been hearing for years that Social Security is going to be broke by such and such a time? Is there any logic to all of this?
3b/c
When it comes to the govert, is anything ever done with logic??
It's a mystery to me. But it's ok with me as far as my paycheck goes. It makes up for the large raise in federal withholding. I even make a few extra bucks a pay now.
In Western PA
Found NC in 2004. CG since 2-05, going grey since 9-05. 3B with some 3A.
Hair texture-medium/fine, porosity-normal except for the ends which are porous, elasticity-normal.
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http://public.fotki.com/jeepcurlygurl/ password jeepy **updated Aug 2014**
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It replaces the Making Work Pay Tax Credit. And I agree that it is not wise to continue to pass debt on to the next generations but it was part of the budget compromise between dems and repubs.

Payroll Tax Cut and Social Security Benefits - The Finance Buff

I was born to be a pessimist. My blood type is B Negative.
I think the Making Work Pay credit has been extended and is also available for the 2010 tax year. At least that's what it said at IRS.gov when I was printing out tax forms for work.
In Western PA
Found NC in 2004. CG since 2-05, going grey since 9-05. 3B with some 3A.
Hair texture-medium/fine, porosity-normal except for the ends which are porous, elasticity-normal.
Suave & VO5 cond, LA Looks Sport Gel, oils, honey, vinegar.
http://public.fotki.com/jeepcurlygurl/ password jeepy **updated Aug 2014**
https://www.facebook.com/lifetheuniverseandtodd
I just hope it doesn't come back to haunt us. I can just hear it all now "why did we ever lower the tax rate in 2011, SS is going broke!" Maybe I better retire soon while there is still some money there.
3b/c
jeep, yes, it's nice to have extra in the paycheck, but with the increase in premiums for medical, I think I am still going to bring home less.
3b/c

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