Skip to main content

View Diary: Grover Norquist Is Up In Arms Over Chained CPI (15 comments)

Comment Preferences

  •  I don't know how this will (4+ / 0-)

    Ultimately play out politically, but there are not many people who made much money betting against the President's political instincts.

    As one who is directly affected by a change to chained CPI as well as one who thinks it is very bad policy on the Social Security and retirement benefits side my personal instincts are all in one direction.

    Having said that, I think there is little chance this will become law. I think the President has made a political calculation that he must be seen as someone who is viewed as "serious" about deficit reduction, including changes to so-called entitlement programs.  I am adamantly opposed to those positions from a policy perspective. However, since I think the president adopted them with a pretty good understanding that it will not result in any changes in law, but will put him in good stead in the rhetorical battle.

    Obviously, he opens himself up to criticism for having put Social Security on the table, but his proposals are pale in comparison to those that all of the Republicans voted for when they adopted the Ryan budget. Moreover, he is not going to be on any ballot. The people who have to deal with this issue are all of the house members and one third of the Senate up for reelection in 2014. The reality is the members of the House and senate will ultimately not vote on this Chained CPI, except to the extent they already have in the Senate by expressly opposing it. On the House side in contrast, all of the Republicans are in favor of privatizing Social Security and voted to do so when they agreed to the Ryan budget.

    Further, affiant sayeth not.

    by Gary Norton on Wed Apr 10, 2013 at 01:58:27 PM PDT

    [ Parent ]

    •  The Pres has put them (Baggers and some stupid (2+ / 0-)
      Recommended by:
      Gary Norton, cotterperson

      Rs) in a box. Those whom are politics-challenged do not understand this maneuver. I could go on and explain further, but.from your diary and comment above, I think you understand.

    •  Thanks, I have been looking for some (2+ / 0-)
      Recommended by:
      Gary Norton, bewareofme

      kind of clue that the President actually knows what he is doing...I highlighted your text so that I can try to unravel your very well constructed reasoning.

      Norquist's organization, the so-called Americans For Tax Reform, said that any member of Congress voting for Chained CPI would be violating the Taxpayer Protection Pledge.

      "Chained CPI as a stand-alone measure (that is, not paired with tax relief of equal or greater size) is a tax increase and a Taxpayer Protection Pledge violation," the group said in a blog post.

      Anti-tax crusader Grover Norquist, leader of the organization, criticized the policy via Twitter on Wednesday. "Chained CPI is a very large tax hike over time," Norquist wrote. "Hence Democrat interest in same."

      And so right he is. According to Office of Management and Budget (OMB) projections, implementation of chained CPI  will raise $123 billion in revenue over 10 years, which is almost as much as the $127 billion in the Social Security cuts that would result. snip...

      Obviously the President knows this. But by offering Chained CPI as a means to cut so-called entitlement spending, he is presenting the Republicans with a poison pill. To get this benefit cut, they must increase taxes. And once they have broken their anti-tax pledge by agreeing to the chained CPI tax increase, they will have a difficult time arguing that they are opposed to the other $580 billion in tax increases on high earners contained in the President's budget.

      When someone is impatient and says, "I haven't got all day," I always wonder, How can that be? How can you not have all day? George Carlin

      by msmacgyver on Wed Apr 10, 2013 at 05:01:51 PM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site