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View Diary: Chained CPI could kill this grand bargain, but what about the next one? (125 comments)

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  •  Good question. (1+ / 0-)
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    Jack Hare

    My guess is that Obama sees bipartisanship as his only option, so he has to try knowing that it will likely result in nothing but making Republicans look obstinate. He also knows he can't do much of anything without closing tax loopholes on the wealthy and corporations, which is what the proposed compromise is attempting to do.

    What the proposed compromise really does is make SS more of a means based system. It provides higher basement level benefits so that fewer seniors who depend on it will fall into poverty and makes minor cuts for everyone else. Of course, that doesn't sound as exciting as a good rager accusing Obama of destroying the New Deal.

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