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View Diary: New momentum behind expanding Social Security (162 comments)

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  •  some of the transcript for those that won't look (6+ / 0-)

    at the link you provided.

    Addressing the AARP in September 2008, then-Senator Obama drew a major contrast between his policies and those of his Republican rival John McCain:
    John McCain's campaign has gone even further, suggesting that best answer for the growing pressures on Social Security might be to cut cost of living adjustments or raise the retirement age. Let me be clear: I will not do either.
    But things have evidently changed. A critical element of the President's new budget involves cutting cost of living adjustments through the adoption of chained CPI — a policy that will result in compounding benefit cuts for current and future retirees:

    Beginning in 2015 the Budget would change the measure of inflation used by the Federal Government for most programs and for the Internal Revenue Code from the standard Consumer Price Index (CPI) to the alternative, more accurate chained CPI, which grows slightly more slowly.

    Read more:

    without the ants the rainforest dies

    by aliasalias on Wed Nov 06, 2013 at 11:16:09 PM PST

    [ Parent ]

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