Republicans embrace Obama’s offer to trim Social Security benefits [View all]

[Faygo Kid]

Source: Washington Post

President Obama’s offer to trim Social Security benefits has perplexed and angered Democrats, but GOP leaders are embracing the proposal and rushing to jump-start a debate that will delve even more deeply into the touchy topic of federal spending on the elderly.

This week, two House subcommittees plan to hold hearings on “reforms to protect and preserve” programs for retirees, starting with Obama’s plan to apply a less generous measure of inflation to annual increases in Social Security benefits.

Also on the table are higher Medicare premiums and reduced benefits for better-off seniors, and a higher Medicare eligibility age.

House Speaker John A. Boehner (R-Ohio) said he has moved to tamp down criticism of Obama’s proposal from GOP lawmakers in swing districts, such as Rep. Chris Collins (N.Y.), who accused the president of cutting spending “on the backs of our seniors.” And Rep. Greg Walden (Ore.), the chairman of the House Republican campaign arm, called Obama’s plan “a shocking attack on seniors.”. . .

Read more: http://www.washingtonpost.com/business/economy/republicans-embrace-obamas-offer-to-trim-social-security-benefits/2013/04/15/9de1c594-a448-11e2-9c03-6952ff305f35_story.html?hpid=z4

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He opened the door. Now the GOP will use him to gut Social Security.

The chained CPI is just the start. Here comes the push to turn Social Security over to the tender mercies of their Wall Street buddies.