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View Diary: Breaking! Efforts Today To Rah Rah Dem Caucus For Chained CPI Fall Flat (162 comments)

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    Top House Dem: On Social Security Cuts, Obama Is Like a Small Child

    —By Erika Eichelberger
    | Fri Apr. 12, 2013 9:23 AM PDT

    President Barack Obama's new budget has much of his own base up in arms, particularly over $230 billion in proposed cuts to Social Security. On Thursday, House Minority Leader Nancy Pelosi (D-Calif.) convened a meeting of House Democrats to hear a closed-door debate on the proposal, which would cost retirees hundreds of dollars a year by tying the growth of monthly Social Security benefits to a new, lower measure of inflation called chained CPI. It was unclear whether the meeting changed any minds, but it certainly highlighted the divisions between the president and his party
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    SNIP

    Pelosi suggested that many in her caucus thought chained CPI should be preserved as an option for making Social Security solvent in the long run, not as a way to pay down the national debt. "The deficit is not about Social Security," said Rep. Rush Holt (D-N.J). "What puzzles me is why the president would do this."
    Ack.

    Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

    by divineorder on Tue Apr 16, 2013 at 03:18:21 PM PDT

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