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In reply to the discussion: Social Security belongs to the American people. It is not Obama's to bargain with. [View all]Triana
(22,666 posts)15. It's great that such protections might be included. However....
.... Seniors would see smaller Social Security checks under Obama budget
http://money.cnn.com/2013/04/10/news/economy/chained-cpi-social-security/index.html?hpt=hp_t2

Senior citizens would see their Social Security checks shrink under President Obama's latest budget proposal.
The budget plan, released Wednesday, calls for changing the way the annual cost of living adjustments for Social Security and other federal programs are calculated. Shifting to "chained CPI" from the current inflation measure could reduce the federal debt by $230 billion, but it would also mean that seniors would get smaller increases in their Social Security payments each year.
The president's proposal would provide protections for the oldest seniors, low-income seniors and veterans, and those who are disabled. Seniors ages 76 to 85 would receive a supplemental payment annually to offset some of the slowdown in growth. Also, programs that are geared for those in or near poverty, such as the Supplemental Security Income, would be exempt from the switch to chained CPI.
The budget plan, released Wednesday, calls for changing the way the annual cost of living adjustments for Social Security and other federal programs are calculated. Shifting to "chained CPI" from the current inflation measure could reduce the federal debt by $230 billion, but it would also mean that seniors would get smaller increases in their Social Security payments each year.
The president's proposal would provide protections for the oldest seniors, low-income seniors and veterans, and those who are disabled. Seniors ages 76 to 85 would receive a supplemental payment annually to offset some of the slowdown in growth. Also, programs that are geared for those in or near poverty, such as the Supplemental Security Income, would be exempt from the switch to chained CPI.
_ _ _ _
My question: Why not add these protections WITHOUT the cuts? Again, WHY ANY CUTS at all? Why not raise FICA rates or raise the cap?
It's still quite senseless and wrong-headed. Social Security is NOT the problem. JOBS are the problem. Social Security is solvent for another decade or two. Small tweaks (NOT cuts) are needed to make it solvent beyond that ie: raise FICA or the cap. Why the rush to CUT it in tandem with budget negotiations now?
Senseless.
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Social Security belongs to the American people. It is not Obama's to bargain with. [View all]
Triana
Apr 2013
OP
Population growth in America has been below Zero for many years now. Cuts are not necessary.
DhhD
Apr 2013
#17
Why cut from others who are not much better off to accomplish that? Where are your posts from the
Bluenorthwest
Apr 2013
#18
I agree with you completely. Further, all those calling for Obama's head are forgetting that we got
Hoyt
Apr 2013
#80
Will you centrist shills PLEASE quit pretending that Census "poverty" has something to do with REAL
eridani
Apr 2013
#103
Had not EVERY President for the last 40 years not fiddled with COLA calculations.
Fuddnik
Apr 2013
#29
And not a single one of them was dealing with the worst depression since the Great Depression
eridani
Apr 2013
#104
Are you saying you are not a real Democrat and onlty faux Democrats voted in 2010?
Dragonfli
Apr 2013
#78
"strengthening of Social Security" - will be interesting to see how many fall-in with that?
usGovOwesUs3Trillion
Apr 2013
#117
After this shit I am wondering what unpleasant surprises might come up with ACA. n/t
L0oniX
Apr 2013
#26
Perhaps the only point of it is to peel off a couple of Republicans to vote for revenue increases.
randome
Apr 2013
#68
You obviously didn't read my post upthread about fixing official rates of inflation.
Fuddnik
Apr 2013
#54
We already do, Have been since 1983, the tax increase was specifically implemented
Dragonfli
Apr 2013
#65
Politicians both right and left for decades used to be mindful of not scaring old folks
avaistheone1
Apr 2013
#57
'How dare he' is correct. This sense of entitlement these politicians have is truly upsetting.
sabrina 1
Apr 2013
#58
It's a good thing that Obama was elected from Illinois and not Blagojevich.
AnotherMcIntosh
Apr 2013
#67
Correct. I sent him an email weeks ago that said "It's not yours to 'bargain' with"
whathehell
Apr 2013
#89
I can't believe what I am reading here. Is there some contest going on to see who can be
asjr
Apr 2013
#82
Yep. I cannot believe this is now on the table and being commingled with the deficit.
myrna minx
Apr 2013
#110
"It's now in the bloodstream with pundits gleefully calling for it's eventual inevitability."
Triana
Apr 2013
#111
The new spin on this very site is that even if it does pass, its not too bad.
myrna minx
Apr 2013
#114