Progressives campaigned aggressively to remove the chained CPI cut of Social Security benefits from this year’s federal budget because they view the document as rhetorical as well as practical.
Great news! The AP just reported that the chained CPI will not be in President Obama’s budget. This is a victory for populists who want politicians to fight for the majority of real Americans facing tough economic realities.
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 […]
Senate Majority Leader Harry Reid has ruled out Social Security cuts in any plan to replace the sequester. In the State of the Union address, President Obama can either stand […]
Here’s a “Washington insider” story that could affect every family in the country. Congressional newspaper The Hill reported Wednesday that Sen. Charles Schumer, D-N.Y., was considering using a special parliamentary maneuver to […]
A report in The Hill newspaper last night suggested that Sen. Charles Schumer (D-N.Y.) may be floating a proposal that includes cuts to Social Security and Medicare. If Sen. Schumer's proposal was accurately reported, the senator could not be more wrong.
Here we go again.
This is a moment of moral clarity. Right now there are only two sides in the Social Security debate: the side that says it's acceptable to cut benefits -- in a way that raises taxes for all income except the highest -- and the side that says it isn't.
Liberals and progressives who want to cut Social Security? Democrats who want to cut one of their party’s signature achievements? “It has been done in your name, or at least […]
The so-called 'fiscal cliff' was never real. Congress and the President invented it during last year's negotiations, apparently to persuade voters that unpopular budget measures were needed to avoid a crisis. With the collapse of John Boehner's 'Plan B,' that gambit has failed. What now?
Fix the Debt, a front group for corporations, billionaires, and defense contractors, wants people to call their Representatives and demand that they avoid the “fiscal cliff.” The group’s latest email […]
Yesterday, I posted that progressive leaders in Congress are saying “No Deal” to “fiscal cliff’ deals that cut Social Security benefits while cutting the wealthy yet another break on taxes. […]
Progressives in Congress aren’t falling for the trick that Washington is using to cut Social Security in the “fiscal cliff” negotiations. Instead they are raising their voices against the insanity […]
News reports say the President’s proposed deal includes the “chained CPI,” which would impose drastic Social Security cuts and tax hikes for everybody but the wealthy. And House Minority Leader Nancy Pelosi […]
Greg Sargent is reporting tha the White House says they will make sure that the Chained CPI sell-out won't hurt the most vulnerable seniors. I don't know if they are basing this on the Simpson-Bowles formula, but if they are, it's bullshit.
Our leaders in Washington heard from the voters last month.
The latest proposal to cut Social Security coming from our out-of-touch DC elites literally says that because old people cut back to cat food when people food is expensive, then […]
The “chained CPI” is an attempt to camouflage deep cuts to Social Security and other benefits, along with tax hikes on middle class wages (but not for high incomes), in […]
Progressive Caucus member Rep. Donna Edwards, D-Md., is working to get her colleagues to sign a letter pledging to oppose a “fiscal cliff” deal that would include a particularly pernicious […]
When millions of dollars are being pumped into Washington by anti-government and anti-tax ideologues, you're bound to find Democrats willing to play along.
How much would you lose in benefits if President Obama makes a deal with the Republicans to cut Social Security? The Administration isn’t denying reports that just such a deal […]