President Obama's “no negotiations” posture only applies to the debt ceiling, and his budget still includes the “chained CPI” cut. Republicans are still railing against the programs they call “entitlements.” They're all looking for a deal.
The "chained CPI" proposal in President Obama's budget continues to draw fire, which is only likely to increase as more information about it becomes known. Here are ten embarrassing facts about it the White House would prefer overlooked:
The White House is struggling to save its “chained CPI” proposal in the face of powerful opposition from across the political spectrum. But what’s already clear is that the Administration has already sabotaged its own rationale.
Yesterday we suggested that the chained-CPI cut in President Obama's budget, which was presented as a gesture to Republicans, might instead be used to rebrand Democrats as "the anti-Social Security party."
Opponents of President Obama’s ”chained CPI” proposal to reduce cost-of-living increases in Social Security protested in front of the White House this afternoon, bringing with them boxes of petitions bearing two million signatures.
It's time to think the unthinkable: The leader of the Democratic Party is about to submit a budget which cuts Social Security benefits. And Republicans are planning a double-cross, an undertaking for which they have demonstrated talent.
With all the controversy over the President's proposed "chained CPI" cuts to Social Security, it's worth noting the effect the economy is already having on Social Security benefits.
This week it was announced that President Obama’s next budget will include a benefit cut to Social Security in the form of the “chained CPI,” a recalculation of cost-of-living increases […]
President Obama’s decision to include cuts to Social Security benefits in his budget is wrong policy and dumb politics. His chained CPI plan is wrong because it hurts Americans who […]
Two recent news reports indicate that the president is “strongly considering” cuts to Medicare and Social Security in his upcoming budget, which is to be released in less than ten […]
Prominent Democrats — including the President and House Minority Leader Nancy Pelosi — are openly suggesting that Medicare be means-tested and Social Security payments be reduced by applying a lower adjustment for inflation.
This week two Senate budget amendments could affect the future of everybody reading these words – presuming we live long enough to reach our retirement years. That’s not an overstatement: […]
Did you also know that none of that, by law, can go to fund Social Security's projected "shortfall?" And that if they do change that law, it will forever put an end to the dedicated revenue stream that keeps SS out of the general budget? I'm afraid so.
Dear journalists: Every retired person will tell you that prices on things they buy are rising faster than their cost-of-living-adjustments. So they are falling behind. Meanwhile everyone describes the “chained-CPI” […]
The spectacle of a supposedly liberal President repeatedly and needlessly trying to cut Social Security is enough to bring a reasonable, economically literate person to the point of existential despair. […]
A majority of House Democrats have signed a House Progressive Caucus letter to President Obama opposing benefit cuts to Social Security, Medicare and Medicaid. “We write to affirm our vigorous […]
With tonight’s State of the Union address, President Obama attempted to refocus his new second term with a focus on jobs and supporting the middle class. He clearly wants to […]