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View Diary: A Promise Broken To Seniors (257 comments)

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  •  Yes that adds up and hurts seniors (0+ / 0-)

    and equals a cut of roughly 3 percent after 10 years, about 6 percent after 20 years, and close to 9 percent after 30 years. It's called compounding. In addition, lower-income retirees would lose much larger proportions of their income than wealthy ones. If chained CPI were enacted today the entire 2012 COLA would be wiped out. Perhaps you don't care. I know you don't, but some people do.

    And Greenstein doesn't know what he is talking about. He shows this when he emberassingly states that the chained cpi is a more accurate measure of inflation which it is not. he also doesn't understand that SS can only go broke if we let it go broke and any changes by raising wages and transferring production can shore up the program besides his shitty proposals.

    I don't negotiate grand bargains with deficit terrorists!

    by priceman on Thu Dec 20, 2012 at 04:13:20 PM PST

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    •  if chained cpi were enacted in 2001 (0+ / 0-)

      the entire 2012 COLA would be wiped out.

      I don't negotiate grand bargains with deficit terrorists!

      by priceman on Thu Dec 20, 2012 at 04:15:19 PM PST

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    •  I care (0+ / 0-)

      I just refuse to instantly board the outrage train every time the loudest here refresh their tired claims that President Obama's negotiating skills are standing between us and the progressive promiseland.

      Obama Did Not Kill the Public Option http://tinyurl.com/7d48qzw Schneiderman: “Sometimes people on the left have to take yes for an answer."

      by CornSyrupAwareness on Thu Dec 20, 2012 at 05:28:13 PM PST

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