Faced with these numbers, the chained-CPI benefit cut is … well, embarrassing. [View all]

[kpete]

....................

The White House has said the chained CPI will save $122 billion in benefits over ten years.

here’s what isn’t being done:

Close capital gains loopholes: $174 billion.

End the Bush tax cuts at Obama’s original $250,000 level, rather than the compromise $400,000 number: $183 billion.

Cut overseas military bases by 20 percent: $200 billion.

Negotiate with drug companies: $220 billion.

Enact “Defense-friendly” Pentagon cuts: $519 billion.

End corporate tax loopholes (without being “revenue neutral,” as the President’s proposing): $1.24 trillion.

Enact a financial transaction tax on the folks who ruined our economy: $1.8 trillion.

Faced with those numbers, the chained-CPI benefit cut is … well, embarrassing.

http://www.alternet.org/10-facts-obama-doesnt-want-you-know-about-his-social-security-slashing-budget-plan?page=0%2C0
via:
http://www.washingtonpost.com/blogs/plum-line/wp/2013/04/12/the-morning-plum-the-gops-policy-nihilism/