To all those who have been telling us for months . . .

[TiberiusB]

189. Explain how this helps

What is his end game? Is this all just to show everyone how implacable the GOP is? How is that news to anyone? Does it help anyone in the real world? Does it end the sequester and all the damage it's doing? Why does Obama feel compelled to make it clear that he agrees with the beltway wisdom that seniors and the poor have it too good? People are likely literally dying thanks to the sequester (and that's only if you look at the cuts to cancer treatment programs). The chained CPI does nothing to help the debt except excuse the government from paying down its Treasury obligations by simply writing off billions in interest on the backs of the disabled and the elderly.

Which is, of course, the plan.

Nobody wants to pay for the Ponzi scheme Reagan and Greenspan established back in the 1980's that took the increased FICA taxes and raised retirement age and combined them to create a huge fund for Treasury Bonds. SS isn't part of the regular budget, but Treasury Bonds sure are. That's how Reagan managed to slow the explosion of debt under his leadership. He simply used all those Treasury Bonds to mask a chunk of the damage he was doing.

I imagine that scheme can't go on forever, though, not with 2 trillion dollar tax cuts for the rich and multiple unfunded wars being fought. We are just going to have to figure out some new way to stick it to the needy.

Oh, hi there, Chained CPI!