Don’t Buy Talk of SocSecurity Cuts
On the Democrat side, this from Bloomberg: “President Barack Obama and lawmakers are considering cutting Social Security and increasing revenue by changing the way the government measures inflation. Four senior congressional aides said lawmakers are discussing using an alternative yardstick to gauge inflation, known as the ‘chained consumer price index,’ to determine annual cost-of-living adjustments for millions of Americans.”
They’re already using a weird COLA adjustment to say there isn’t any inflation. Social Security recipients aren’t getting COLA adjustments now because, according to the current new formulation, there isn’t any inflation. Ha-ha, if you believe that. Here’s Pelosi warning Obama yesterday afternoon.
PELOSI: However the President represents it, I want him to have the room to do that and offer full cooperation to do that. I also want to have full clarity about where House Democrats stand. We do not support cuts in benefits for Social Security and Medicare. Any discussion of Medicare or Social Security should be on its own table. I have said that before. Do you want to take a look at Social Security, then look at it on its own table, but do not consider Social Security a piggy bank for giving tax cuts to the wealthiest people in our country. We are not going to balance the budget on the backs of America’s seniors, women and people with disabilities.