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 claims to support switching to the chained CPI for a range [...]
Chained CPI: Wrong for Social Security
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.
Just FYI, White House National Economic Council director Gene Sperling said today on his Reddit chat that the president really prefers the Chained CPI and that it’s not just an inducement to get the Republicans on board with the Grand Bargain. This may sound obvious, since it’s been clear from before the inauguration that the [...]
Two polls released in the past 24 hours send decidedly different messages on Social Security. The lesson: Be careful what you ask. One poll released Thursday by Bloomberg seems to show that a significant majority of the public would be willing to see Social Security benefits fall behind increases in the cost of living, which [...]
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 with Harry Reid and Senate Democrats–or betray them.
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 push a budget deal. But this wasn’t just another “inside baseball” story, the kind that fascinates policy wonks and bores all other living beings. This [...]
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.
A number of the DC elites are talking about changing the way Social Security checks are adjusted for inflation. This is a great idea, as long as any such adjustment measures the things the elderly actually spend money on. Let’s do it! Let’s change the way we adjust Social Security for inflation because inflation hits older people much harder.
Here we go again. Republicans are very clear about their latest extortion threat to the American people: Unless you cut Social Security and Medicare benefits, within the next two months we will throw the US economy back into recession – by refusing to allow the US raise the debt ceiling and pay our bills – or by pushing the economy over another fiscal cliff of deep spending cuts and tax increases – or by shutting down the government by refusing to pass a continuing budget resolution.
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 is so badly written that it cries out for laughter, but its potential consequences call out for tears. The writing borders on the unintelligible, as [...]