General Discussion
In reply to the discussion: Itty Bitty Hissyfit Committee [View all]sheshe2
(97,135 posts)There are those of us on DU that support the President. His ideals and a vision for the future. He is one man and can not do it alone. There are laws and the constitution that must be followed. He is not a Monarch.
http://www.democraticunderground.com/10022621891
First of all, I'd suggest that whenever you read a poutrager going ballistic about chained-CPI, look to see if they are including what President Obama's proposal does to mitigate the effect it will have on the most vulnerable. I can guarantee you that they won't because no one has seen the details yet.
But anyone on the left (including President Obama and Nancy Pelosi) who has been willing to negotiate about implementing chained-CPI has stressed the importance of including such measures.
There are two major changes necessary. First, add a bump in benefits to the very old, who are more likely to have high healthcare bills and to have exhausted their savings that supplemented their Social Security income. Second, exempt Supplemental Security Income, which serves the poorest, disabled and blind but still often leaves people below the poverty line.
One easy way to tell if people are including these mitigating measures in their calculations is that CBO has estimated that switching to chained-CPI will save $220 billion over 10 years. If these protections for the most vulnerable are included, that figure is reduced to $100-150 billion.
http://www.democraticunderground.com/10022610623