by Richard Eskow | Apr 2, 2013 | Chained CPI
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 days. The question’s been asked for four years: Why would Obama want to cut these...
by Benjamin W. Veghte | Mar 22, 2013 | Chained CPI
The Peterson syndicate has just released another volley in their campaign to undermine Congressional support for Social Security – this time a report from its Moment of Truth arm entitled “Measuring Up: The Case for the Chained CPI.” It makes a series of specious...
by Robert Reich | Mar 22, 2013 | Back to Work Budget, Chained CPI, Too Big To Jail
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 is even before they’ve started budget...
by Richard Eskow | Mar 21, 2013 | Chained CPI
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: The Sanders-Harkin-Hirono Amendment would prevent the government from cutting...
by Digby | Mar 15, 2013 | Chained CPI
Did you know that? Yes, it is: 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?...
by Dave Johnson | Mar 12, 2013 | Chained CPI
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" cost-of-living-adjustment as a cut when applied to...
