General Discussion

libdude

(136 posts)

50. Chain CPI

Sun Apr 7, 2013, 12:39 AM

Apr 2013

What the chain or superlative CPI will do not just for seniors? Read the article by the group Budget and Policy Priorities of 2/22/2012.
The chain CPI would index various Federal benefit programs and tax code.
The policy " clearly amounts to a reduction in future Social Security benefits ". Not just S.S. but Federal and military retirements ( those receiving death and disability benefits ), other programs that currently use the current CPI w and e calculations.
SSI would also be negatively affected by the use of the chain CPI, additionally it would also increase taxes on about 3/4 of the households due to " bracket creep ". Those making yearly incomes of $ 30-40,000 would realize a cut in after tax income.
It was recommended that SSI be given an occassional " bump " to soften or mitigate the impact on beneficiaries.
I have not found any valid reason for connecting Social Security or Medicare into the budget negotiations as they are self funded and do not add to the deficit. Does anyone have such information? I read the White House Press release on strengthening Social Security, no explanation was given.

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Obama is wrong on Social Security. [View all] JDPriestly Apr 2013 OP

Agree still_one Apr 2013 #1

I would go beyond what kind of "democrat" is he...what kind of PERSON could do this? forestpath Apr 2013 #2

NO! That's what's so frustrating. tblue Apr 2013 #22

Would anyone here support Bush's drone program?... awoke_in_2003 Apr 2013 #114

Of course not. 840high Apr 2013 #118

Agreed - Obama Is Betraying Millions With This Move - For Many This Is the Last Straw cantbeserious Apr 2013 #3

Peter J. Peterson and Robert Rubin own him lock, stock, and barrel. n/t duffyduff Apr 2013 #13

I agree completely. CaliforniaPeggy Apr 2013 #4

I'll say it CountAllVotes Apr 2013 #5

In 2008, I supported Obama over Biden, H Clinton, et al., because he was the "peace candidate" AnotherMcIntosh Apr 2013 #17

Frankly, I didn't care for any of them very much CountAllVotes Apr 2013 #25

I can't believe this fucking shit. UnrepentantLiberal Apr 2013 #111

Impeach? On what grounds? AnotherMcIntosh Apr 2013 #113

What you are describing is the transition from earned entitlement to welfare program. pa28 Apr 2013 #6

Exactly! That is what I am saying. Thanks. JDPriestly Apr 2013 #8

Instilling fear in people is a crime in itself. tblue Apr 2013 #24

+1 shireen Apr 2013 #31

It is a poor shot at best CountAllVotes Apr 2013 #33

I was thinking about his 'legacy' too tblue Apr 2013 #51

I think we need to think of ways to be more proactive in our protest Samantha Apr 2013 #41

Great ideas. JDPriestly Apr 2013 #48

The US needs an opposition party to challenge the R'nD's. nt delrem Apr 2013 #53

There are other options M_A Apr 2013 #65

This is something we have to do. I'm all for everything you suggested. Autumn Apr 2013 #64

That is exactly what I think - pick a day and have everyone do it the same day Samantha Apr 2013 #66

Good ideas, all of them. And I would be uncomfortable doing that here on DU. Autumn Apr 2013 #68

Change your voter registration h2ebits Apr 2013 #95

I support all these proposals! Plus a 'My 2 cents' campaign just occurred to me on point Apr 2013 #112

well said. nt limpyhobbler Apr 2013 #7

K&R 99Forever Apr 2013 #9

It's not just seniors. It affects all lower income households Yo_Mama Apr 2013 #10

You are correct CountAllVotes Apr 2013 #14

For the disabled, chained CPI amounts to slow mass murder, period. n/t eridani Apr 2013 #55

He's wrong on a LOT of issues duffyduff Apr 2013 #11

I noted it, but the alternatives were Kucinich and Edwards. JDPriestly Apr 2013 #15

Edwards voted in favor of the Iraq War Resolution (as did Biden and Clinton). Obama was the "peace AnotherMcIntosh Apr 2013 #19

Edwards openly apologized for that vote. JDPriestly Apr 2013 #106

Media vetting wouldnt have changed a thing quakerboy Apr 2013 #119

K&R We need to end this austerity train... midnight Apr 2013 #12

kick! nt darkangel218 Apr 2013 #16

It's something else FunkyLeprechaun Apr 2013 #18

If he is using this for some other purpose, he is frightening a lot of people. femmocrat Apr 2013 #75

I'm over 65, drawing SS jaysunb Apr 2013 #20

Is Social Security your primary or sole income? JDPriestly Apr 2013 #38

If it were not for my wife I'd probably starve. jaysunb Apr 2013 #46

Would it outrage you if your SS gets cut and Pete Peterson gets a tax cut instead of your COLA fasttense Apr 2013 #61

I don't know that "slower increase" sells well as "cut" Recursion Apr 2013 #76

It's a cut. JDPriestly Apr 2013 #86

Debatably, since it's a change in the definition of what a "cut" is Recursion Apr 2013 #96

Checks will not keep getting bigger, not compared to the bills JDPriestly Apr 2013 #101

You are right! It certainly IS a cut! N/T marew Apr 2013 #99

You are so right newfie11 Apr 2013 #21

66 also decayincl Apr 2013 #40

I cannot understand why they would want to cut Social Security? kentuck Apr 2013 #23

Conservatives have wanted to destroy Social Security since its inception. NorthCarolina Apr 2013 #42

True. (nt). DirkGently Apr 2013 #26

He has no shame left Doctor_J Apr 2013 #27

I have to agree with all you said about this. Cleita Apr 2013 #28

Oh, it won't backfire on him or any of his fellow Third Way stooges. Marr Apr 2013 #32

Agreed. AnotherMcIntosh Apr 2013 #83

Fundraising for disaster "relief" pscot Apr 2013 #115

Message auto-removed Name removed Apr 2013 #29

Politically naive-- all of you. Marr Apr 2013 #30

I am sad I voted for him but the options sucked Eveofdestruction Apr 2013 #34

welcome to DU azurnoir Apr 2013 #36

Welcome to DU, Eve.. dixiegrrrrl Apr 2013 #43

You should read this post also. airplaneman Apr 2013 #35

That does not look very positive to me. JDPriestly Apr 2013 #39

saving is losing money with .25% interest rates eilen Apr 2013 #122

Friends on Facebook are even upset about this. AndyA Apr 2013 #37

I'm having Clinton deja vu as far as Obama is concerned tularetom Apr 2013 #44

Clinton deja vu. Exactly. Alkene Apr 2013 #60

If I wanted Clinton DonCoquixote Apr 2013 #102

Pretty much the same for me. tomg Apr 2013 #63

Yeah, the kludge of checking income would not resound to our credit. (nt) Babel_17 Apr 2013 #45

About as popular as paying a penalty for not having health insurance. (n/t) WorseBeforeBetter Apr 2013 #47

It's undeniable whom he was hired to help jsr Apr 2013 #49

Chain CPI libdude Apr 2013 #50

This is the first post I have read that notes further repercussion beyond seniors! EVERYONE femmocrat Apr 2013 #84

Yes. Read libdude's post. Very important. JDPriestly Apr 2013 #108

Chained CPI is dishonest and would penalize people for trying JDPriestly Apr 2013 #87

zi still think he did this knowing the Pubs would refuse any proposal. napi21 Apr 2013 #52

I think so also. mimi85 Apr 2013 #54

And it hands Republicans a 2014 campaign issue n/t markpkessinger Apr 2013 #56

It doens't make the Pubs look foolish. JDPriestly Apr 2013 #88

kr HiPointDem Apr 2013 #57

They were right.... daleanime Apr 2013 #58

. blkmusclmachine Apr 2013 #59

One point to keep in mind is that his job is to run the govt. ucrdem Apr 2013 #62

WHAT?! MrMickeysMom Apr 2013 #79

How is he going to do any of that without Congress passing his budget? ucrdem Apr 2013 #81

You are contradicting yourself. Sorry to say that but it is true. JDPriestly Apr 2013 #90

If you're looking for brinksmanship we're in the thick of it. ucrdem Apr 2013 #93

He did a lousy job negotiating the health care deal. JDPriestly Apr 2013 #127

No, I not see that this is the problem. MrMickeysMom Apr 2013 #117

He has the alternative of sticking up for seniors, of being the hero JDPriestly Apr 2013 #89

Totally understand. But I disagree. ucrdem Apr 2013 #94

I disagree with you, John2 Apr 2013 #107

No deal is a good deal in the short term, sure. ucrdem Apr 2013 #116

Sitting on his hands and letting the defense contractors suffer. JDPriestly Apr 2013 #126

Message auto-removed Name removed Apr 2013 #67

k&r xtraxritical Apr 2013 #69

The basic assumptions here are wrong. Cromwell Apr 2013 #70

Welcome to DU! treestar Apr 2013 #71

The only alarm I have... Cromwell Apr 2013 #82

Sorry, but that is a lot of money to some people, femmocrat Apr 2013 #85

Yes, chicken and the so-called "cheaper" cuts of meat are very expensive. nt eilen Apr 2013 #124

That cut will really hurt seniors. We live on a shoestring. JDPriestly Apr 2013 #92

Not all seniors treestar Apr 2013 #97

You think that when you don't know them. JDPriestly Apr 2013 #104

Thank you, JDP. femmocrat Apr 2013 #125

Social Security has a separate tax and funding base. JDPriestly Apr 2013 #91

treesstar, JDPriestly Apr 2013 #109

KR&. He showed a certain portion of his anatomy that will remain forever exposed. MotherPetrie Apr 2013 #72

K & R + 1000 femmocrat Apr 2013 #73

now when I see Obama librechik Apr 2013 #74

You know what I'll add, JD? MrMickeysMom Apr 2013 #77

Thanks. JDPriestly Apr 2013 #105

I have defended our President time and again Smilo Apr 2013 #78

I feel exactly the same! marew Apr 2013 #100

Same here. nt femmocrat Apr 2013 #110

Spot On. Octafish Apr 2013 #80

I don't get it LiberalLovinLug Apr 2013 #98

More than wrong, the word is evil. nt PufPuf23 Apr 2013 #103

Kick. Luminous Animal Apr 2013 #120

Obama is a millionaire many times over. Why closeupready Apr 2013 #121

According to various figures, he's worth between $6 and 11 Million. closeupready Apr 2013 #123

PBO's beloved grandmother must be rolling in her grave. colorado_ufo Apr 2013 #128

K&R pam4water Apr 2013 #129

K&R idwiyo Apr 2013 #130