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Forum Post: The chained CPI: A zombie benefit cut still walks

Posted 9 months ago on Oct. 12, 2013, 5:26 p.m. EST by GirlFriday (17435)
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It happens every time: Republicans and Democrats get into a standoff over the federal budget, and their best plan for wriggling out of it is to nickel-and-dime people on Social Security and Medicare.

The worst zombie in this package, a terrible idea that simply won't die, is the "chained CPI." This is a version of the consumer price index that purportedly yields a more "accurate" reading of inflation, which is supposed to be virtuous because Social Security recipients get a cost-of-living increase every year based on inflation.

The chained CPI has risen to walk among us again in the muttering and jawboning around the government shutdown/debt limit standoff and the search for an exit. We're hearing again about a "grand bargain" on the government deficit -- never mind that the deficit is falling, not rising -- that would trade, say, cuts in Social Security and Medicare and some kind of tax reform for an end to the government shutdown and an increase in the debt limit. http://www.latimes.com/business/hiltzik/la-fi-mh-chained-20131004,0,4565719.story

Dear Democrats,

Now that the original deal was kicked to the curb...........get off your ass and do the right thing. Really.

I don't expect a whole lot, or anything, from you. Step up or don't bother sending me an email asking for cash. Don't even bother going there.

5 Comments

5 Comments


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[-] 1 points by ZenDog (13363) from South Burlington, VT 9 months ago

to think no one has simply stated this measure is dead on arrival is beyond me.

It's clearly an attempt by repelicans to share in their precipitous drop in approval among the public.

[-] 1 points by GirlFriday (17435) 9 months ago

It ticks me off that these morons have no problem with this first on the table to cut.

[-] 0 points by ZenDog (13363) from South Burlington, VT 9 months ago

I think that must be the point. I think the President must expect the public to distinguish between those who have brought the issue to this point and have made government spending as a whole a campaign issue, and those who have not.

The problem is this method of negotiation blurs the lines between ideologies. It becomes difficult to say with any certainty what either party will tolerate - but it may be more honest.

The calls among OWS that both parties are the same are not entirely unfounded.

[-] 2 points by GirlFriday (17435) 9 months ago

In some areas they are. That said, I watched a lot of people get screwed out of their pensions-the money was flat out stolen. I am watching the current state governments find new and inventive ways to screw them a little more. Not because of the people that worked their asses off but because of the fault of ............nincompoops. So, since the Teathuglicans screwed that deal............there is zero reason to return to it.

[-] 0 points by gwb (42) 9 months ago

hopefully, Bernie would fillibuster this

but I would consider offering the elimination of all cap gains preference & restoring cuts to the inheritance tax in exchange