December 18, 2012
BECAUSE THAT'S WHERE THE MONEY IS:
Obama Caving on Social Security (Matthew Rothschild, December 18, 2012, The Progressive)
Forcing seniors to make do with less on Social Security is not something Obama campaigned on, and it's not something we need Democrats for.But there were plenty of warnings.Obama's first appointee to head the Office of Management and Budget, Peter Orszag, was in favor of this proposal.And Obama appointed the Bowles-Simpson Commission, which lent momentum to this idea of cutting Social Security.And Obama floated this idea of the new and reduced Consumer Price Index last summer when he tried then to get Boehner to sign on to the "grand bargain."Bernie Sanders warned us all during the campaign that Obama was wobbly on this issue, and worried about the President's willingness to cave on the Consumer Price Index.Sanders told Sam Stein of HuffingtonPost back in September that Obama was likely to throw seniors overboard with the so-called "chained CPI."
Posted by Orrin Judd at December 18, 2012 4:07 PM