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View Diary: Seniors Can do the Math. Chained CPI = Social Security Benefit Cuts (136 comments)

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  •  Where are you getting this? (3+ / 0-)
    Recommended by:
    Sychotic1, tardis10, montressor
    Democratsand Republicans appear ready to tell retirees earning an average $14,000 Social Security benefit they’ll have to live on less so that: someone making from $500,000 to $999,999 can keep their Bush tax cuts
    What you've described is Boehner's "Plan B".  I know of not a single Democrat saying they support "Plan B", which only raises taxes on those making over $1 million dollar.  In fact, the White House has said they will veto such a plan.

    Moreover, I'd like to see an analysis of Chained CPI vs. what happens to the average senior if we go over the cliff/curb.  Everybody's taxes go up.  One calculator I saw said that a couple over 65 living on around $50K a year will see their taxes double from an average of $600 a year to $1,200.  That's more than a Chained CPI adjustment will affect seniors now (average of $130, per your diary).

    I agree wholeheartedly in principle that the President should have never put this on the table to begin with, that it IS a benefit cut, and we should stand firm against such cuts.  And in the long run, it absolutely hurts more.  But on the other hand, I think there is a bit more complexity to the issue than I've seen here and elsewhere in the past few days, particularly with the calling of the President's and key Democrats' heads and such.  When the Center for Budget and Policy Priorities AND the Center for American Progress actually say chained CPI isn't the worse idea in the world, perhaps we need some real analysis instead of the same arguments.

    Cake or DEATH? Oh, I'll have cake, please.

    by wmtriallawyer on Thu Dec 20, 2012 at 08:00:08 AM PST

    •  In fact, the White House has said (2+ / 0-)
      Recommended by:
      TheSpectator, Wendys Wink
      In fact, the White House has said they will veto such a plan.
      Are you really still believing what the White House says?

      "Who are these men who really run this land? And why do they run it with such a thoughtless hand?" David Crosby

      by allenjo on Thu Dec 20, 2012 at 08:28:38 AM PST

      [ Parent ]

      •  Sigh...even if they didn't veto it. (0+ / 0-)

        It's not going to pass the Senate.  It won't even get CONSIDERED in the Senate.

        Let's try to act like a reality based community for once, shall we?

        So again, I ask: what Democrat has come out and said they are in favor of Plan B?

        Cake or DEATH? Oh, I'll have cake, please.

        by wmtriallawyer on Thu Dec 20, 2012 at 08:42:49 AM PST

        [ Parent ]

    •  Where does the CAP (3+ / 0-)

      support a chained cpi for seniors? In their budget they specifically did not. They wanted to use a chained cpi for other federal programs.
      Also,the calculation on a tax increase for a senior couple making 50K isn't a good comparison to the benefit cut sustained by an average SS recipient,since the average is about 17K. And I've no idea if/how much the chained cpi would also raise that couples taxes,do you?
      We are agreed though that more in depth analysis and details would be helpful.

      "George RR Martin is not your bitch" ~~ Neil Gaiman

      by tardis10 on Thu Dec 20, 2012 at 08:53:46 AM PST

      [ Parent ]

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