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In reply to the discussion: So now that Obama has said, himself, on MTP that he proposed Chained CPI... [View all]ProSense
(116,464 posts)3. There is
"what's the new goal post location? "
...no "new goal post"
PRESIDENT OBAMA: ...but I already have, David, as you know, one of the proposals we made was something called Chain CPI, which sounds real technical but basically makes an adjustment in terms of how inflation is calculated on Social Security. Highly unpopular among Democrats. Not something supported by AARP. But in pursuit of strengthening Social Security for the long-term I'm willing to make those decisions. What I'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors, making students pay higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. Those are the things that I'm not willing to do. And so...
http://www.msnbc.msn.com/id/50314590
http://www.msnbc.msn.com/id/50314590
Boehner turned him down. The offer is no longer valid, and chained CPI will never pass in the Senate.
Here's an example of how dead chained CPI is, and why it should be.
http://www.democraticunderground.com/10022048462
President Obama on what happens if Republicans block the middle-class tax cuts.
http://www.democraticunderground.com/10022097008
I don't think we're going to see a repeat of the past.
The basic rule put in place was that up to 50% of Social Security benefits could be added to taxable income, if the taxpayer's total income exceeded certain thresholds.
<...>
In 1993, legislation was enacted which had the effect of increasing the tax put in place under the 1983 law. It raised from 50% to 85% the portion of Social Security benefits subject to taxation; but the increased percentage only applied to "higher income" beneficiaries. Beneficiaries of modest incomes might still be subject to the 50% rate, or to no taxation at all, depending on their overall taxable income.
http://www.democraticunderground.com/10022096027
<...>
In 1993, legislation was enacted which had the effect of increasing the tax put in place under the 1983 law. It raised from 50% to 85% the portion of Social Security benefits subject to taxation; but the increased percentage only applied to "higher income" beneficiaries. Beneficiaries of modest incomes might still be subject to the 50% rate, or to no taxation at all, depending on their overall taxable income.
http://www.democraticunderground.com/10022096027
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So now that Obama has said, himself, on MTP that he proposed Chained CPI... [View all]
cthulu2016
Dec 2012
OP
So we should forgive Obama for even putting it on the table and regardless of what you and others
Arcanetrance
Dec 2012
#26
Good for him making statements but the previous actions alot of times are the opposite
Arcanetrance
Dec 2012
#37
From a technical/academic point of view the chained CPI is more accurate for a general population
grantcart
Dec 2012
#42
What is really odd to me is that with such a sizeable population on social security that
grantcart
Dec 2012
#53
The BLS has been calculating an elderly index for twenty or thirty years, but it's not used.
PETRUS
Dec 2012
#59
Chained CPI is not 'more accurate' as a measure of consumer prices at all. I don't know why
HiPointDem
Dec 2012
#58
So, you're claiming, Obama offered something on SS that's not relevant to the Cliff talks?
leveymg
Dec 2012
#84
Of course he did. He also put Social Security and Medicare on the table in the first round also.
still_one
Dec 2012
#6
It's becoming clear that Obama thinks the long-term viability of Social Security
alcibiades_mystery
Dec 2012
#10
When a person goes contrary to their natural constituency, there must be a good reason.
dkf
Dec 2012
#25
I hope our other "natural constituencies" actually vote Democratic because we lost seniors big
cthulu2016
Dec 2012
#30
If Obama believes we need to cut/slash Social Security in order to "save" it...
WorseBeforeBetter
Dec 2012
#115
There is certainly a policy debate to be had regarding the future of Social Security
alcibiades_mystery
Dec 2012
#22
I'm pretty sure he examined the situation in Benghazi more thoroughly than you did.
Guy Whitey Corngood
Dec 2012
#24
Then he should be able to make a convincing argument and has the pulpit to make it.
TheKentuckian
Dec 2012
#110
I'd say it's WAY more clear that he doesn't give a shit about Social Security
kenny blankenship
Dec 2012
#27
I am glad he is doing something about the long term viability of Social Security
democrattotheend
Dec 2012
#114
As far as I know, President Obama has always supported Chained CPI. Not sure why this is news.
limpyhobbler
Dec 2012
#13
I heard OurPOTUS say he was against cuts to SS when I attended one of his rallies in September
MotherPetrie
Dec 2012
#28
I just checked the transcript. Yeah, OurPOTUS said "slashing" - most definitely a weasel word.
MotherPetrie
Dec 2012
#46
If you just started receiving SS, you paid the higher tax rates that Obama is so
JDPriestly
Dec 2012
#97
I thought he ran on a platform of no cuts to Medicare or Social Security.....
Swede Atlanta
Dec 2012
#69
Cry me a river. Now that you can't crow about a deal that didn't happen, you do this.
MjolnirTime
Dec 2012
#81
The new goal post is to interpret Republican refusals of SS cuts, from late 2008
kenny blankenship
Dec 2012
#104