Why are Democrats even suggesting the inflation adjustment be reduced? Republicans aren’t asking for it. Not even Paul Ryan’s draconian budget includes it.- Robert Reich
Sigh. So Obama is going with the "chained CPI" thing in his latest proposal – changing the price index used for Social Security cost adjustments. This is, purely and simply, a benefit cut.
Does it make sense in policy terms? No.
So what’s this about? The answer, I fear, is that Obama is still trying to win over the Serious People, by showing that he’s willing to do what they consider Serious – which just about always means sticking it to the poor and the middle class. The idea is that they will finally drop the false equivalence, and admit that he’s reasonable while the GOP is mean-spirited and crazy.
But it won’t happen. Watch the Washington Post editorial page over the next few days. I hereby predict that it will damn Obama with faint praise, saying that while it’s a small step in the right direction, of course it’s inadequate – and anyway, Obama is to blame for Republican intransigence, because he could make them accept a Grand Bargain that includes major revenue increases if only he would show Leadership (TM).
Oh, and wanna bet that Republicans soon start running ads saying that Obama wants to cut your Social Security?- Paul Krugman
And why not Paul? Obama really does want to cut your Social Security. He just said so.
When what little history we have left is written it will be recorded the Democratic Party had a chance to crush the crazy racist Republican Party like a bug.
And they refused to do it because they basically agree with it’s plutocratic policy of theft from regular citizens.
Any legislator who votes for this will lose their job and THEY DESERVE IT!
‘Electoral Victory’ my ass.