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In reply to the discussion: MoveOn Calls Obama’s Proposed Social Security Cuts ‘Unconscionable’ [View all]AndyA
(16,993 posts)Chained CPI will mean there will be even less than there otherwise would have been, had Congress and President Obama left SS alone.
You can try to justify Obama's abuse of seniors any way you like, but this is Obama's budget, and he's the one who has put chained CPI on the table. This will harm seniors, and Obama is the one doing it.
Obama could have said that SS was off the table, which would be the proper thing to do, since it doesn't contribute to the deficit, and therefore shouldn't be sacrificed to pay down the deficit.
Having less to spend than you otherwise would is indeed a cut. Spin it however you like, but seniors will view it as a cut, and rightly so. Leading economists have characterized it as a cut.
It's all a piece of the pie, and giving someone a smaller slice and telling them that it's really not smaller doesn't change the fact that it is--indeed--smaller.
Truth and credibility are two things President Obama is rapidly losing with the American people, and he alone is responsible.
Enough already.