Majority of House Democrats: We will NOT VOTE for Chained CPI Social Security Cut

[Report1212]

FIRED UP, READY TO GO

--

At the Progressive Change Campaign Committee, we did a cross-check of the two lists and found that 97 sitting and voting Members (we excluded non-voting delegates) of the House Democratic caucus have signed onto statements either last year or this year saying they would not vote for legislation that uses chained CPI to cut benefits. That’s a majority of the caucus, which includes 191 members.

Read more: http://boldprogressives.org/a-majority-of-house-democrats-have-said-they-would-vote-against-a-bill-with-chained-cpi/

[Demo_Chris]

1. Good!

Sadly, thanks to Obama, cutting Social Security is now always on the table. Even so-called radical leftists like Obama agree it needs to be slashed. Which means it is going to happen.

[Report1212]

3. I can't afford to be pessimistic

And neither can you.

The momentum is on our side.

Your move, Obama.

[ananda]

19. Obama is corporate right.

He is far from being any sort of leftist.

[WCGreen]

23. Radical Leftist....

This guy is kidding. Sounds like this poster is radical right to think president Obama is a radical leftist.

[cui bono]

29. I think the poster was being sarcastic. n/t

[plethoro]

24. That's true. And that means there will already be a percentage Democrat loss in 2014 even

if the chained cpi is not put into effect. Obama wants to cut social security--and that's that. Christmas has already been ruined by a number of things, and now a Democratic President wanting to cut Social Security has made having Christmas here unlikely.

[socialist_n_TN]

28. Radical leftist????? Forget your :sarcasm: thingy?.....

nm

[arely staircase]

2. awesome

eom

[Report1212]

4. Ditto nt

[loyalkydem]

5. This is where we need to focus our support. On the house and state houses....

[Report1212]

6. If the House falls, we'll go to the Senate

The House seems to be holding pretty well, though.

[iandhr]

7. What happens in 2041?

In 2041 we will only be able to pay out 75 cents on the dollar of current benefits. What will everyone say then. If we do nothing there will be major benefits cuts. There a far fewer workers paying into the fund per retired person when the system started.

I want to see social security for people of my generation (I am only 25)

I am not saying chained CPI is the answer. I don't have an answer. But something needs to be done.

Not now though. The President offered a compromise the speaker refused. Now we throw the GOP an anchor.

[mick063]

8. The answer?

Keep this in your head.

The top 1% is sitting on a huge pile of cash.


Someone had a great proposal the other day. Tie a corporate tax rate directly to unemployment rates. You will get plenty of witholding.

[Bluenorthwest]

12. End the cap on withholding, or raise it high, or leave a 'doughnut hole' so that it kicks in again

at 200K. If you are worried about funding the program, bring money into the program by lifting or ending the cap, as Obama suggested many times as candidate. It's a snap, we could have excess, higher benefits, the works.

[Report1212]

13. Raise the tax cap

We have decades to do it. No need to cut benefits.

[AndyA]

14. Agreed - and pay back the money borrowed from the SS trust fund!

Over $2.5 Trillion, last I heard.

Congress borrows money from SS to pay for wars, then reduces benefits because SS is in trouble!

[socialist_n_TN]

30. NOt JUST wars...............

Those tax cuts were paid for by the SS Trust Fund. I believe I read that's where MOST of the money went actually.

[madrchsod]

15. start taxing every share traded on the exchanges....

by 41 we`ll have enough money to throw one big f`k party for everyone in the country!

[amandabeech]

26. It might be possible to have a SS tax on income over the current limit,

but at a reduced rate, say 3% for the worker and 3% for the employer.

The AFA puts a Medicare tax on capital gains. I believe that it is about 3.5%.

Why not do that for SS?

Or how about a 2-3% SS tax on estates over $2 mil or so.

I'd really like you to have SS to fall back on when you're old. I don't think that it is fair for people within hailing distance of retirement like me (57) to take your money if a solid plan isn't in place for you to get something, too.

[NOIBN]

9. Thank You

[Report1212]

11. So Obama can only do this if he gets a deal with a large number of Republicans

And that's not what he was elected to do!

[Tom Rinaldo]

17. Unless some of those who signed, especially those who did not just sign recently, change stances

Arm twisting has changed positions in the past and it could again. Then there is always the argument that "we are faced with a changed situation from a year ago" that can be used for backpeddling. Don't get me wrong,this is very encouraging, just not a slam dunk that those positions will hold (without further pressure from their districts).

[Liberalynn]

20. Started to post yay

but in reading your post I agree it be best to remain cautiously optimistic but not totally optimistic.

[Report1212]

31. I agree. People can switch. But we can hold them accountable.

That's why it's important to spread this info.

[closeupready]

10. Terrific. K&R

[WillyT]

16. K & R !!!

[Tx4obama]

27. All cuts are OFF the table, see below

Here: http://www.democraticunderground.com/1251266684

[Milliesmom]

21. But they did vote for this

NDAA Indefinite Detention Bill Passes Senate After Rand Paul Calls It An 'Abomination'

http://www.huffingtonpost.com/2012/12/21/ndaa-indefinite-detention-bill-rand-paul_n_2347774.html?utm_hp_ref=politics

[UCmeNdc]

22. President Obama should drop the chained CPI idea

Then dare the GOP to bring it up and push it.

[valerief]

25. Good!

[Doctor_J]

32. They must be racists

I read here today on DU that anyone who opposes Obama's "give away SS" initiative is a racist.

[Quantess]

33. Crossing my fingers for that! (no text)

[madfloridian]

34. Why do both Hoyer and Pelosi say they have enough votes?

Why must seniors accept such cuts to appease the right wing which won't compromise anyway?

I want to hear that this is off the table.