General Discussion
In reply to the discussion: If you're wondering what Obama gets in exchange for Chained CPI... [View all]jazzimov
(1,456 posts)The OP suggests that the Chained CPI was a goal in itself. How does that make any sense? Others have suggested that the 1% wanted it simply because they are "evil". How does that make sense?
If you remember, Jr tried to say that SS was in trouble and needed to be "saved" because of all the baby boomers and the reduced younger population. His suggestion was to privatize it and dump all that money into Wall Street. Do you not think that the 1% salivated at that prospect?
There were several other suggestions to "save" SS. One of these was to simply raise the cap. That idea is my personal choice. But Republicans rejected that out of hand because it was a "tax increase". It would have negatively impacted the 1%, plus they wouldn't get their greasy paws on the SS funds.
Another suggestion was to trim SS spending by switching to a Chained CPI. Although it would actually create savings which the Republicans claimed they wanted, it still would keep the 1% from getting their paws on all that SS funding. So, the Chained CPI is a bluff that Republicans will never go for.
Now, which makes more sense - that the 1% want Chained CPI just because they're "evil", or that they want to privatize SS so that they can get the benefit of all those SS funds?