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LongTomH

(8,636 posts)
Thu Oct 3, 2013, 08:35 PM Oct 2013

More on the Human Chain against Social Security cuts

From Rollcall: Progressive Form 'Human Chain' Against Chained CPI:

As some lawmakers begin to quietly discuss possible gives and takes for a “grand bargain” on the current budget impasse, progressive House members and their allies gathered Thursday morning, hoping to send a clear message: There’s no room at the negotiating table to consider cuts to Social Security.

The rally was intended as a “pre-rejection” — in the words of Social Security Works Executive Director Alex Lawson — of any serious attempt to enact a change to the way inflation is calculated, known as “chained CPI.” Using a new formula for inflation would reduce future cost-of-living increases for Social Security.

............//snip

Ellison said he suspected that Democratic leadership would back members of the Progressive Caucus in rejecting the use of a chained CPI for deficit reduction. Even Obama, Ellison added, would not likely cave to those demands, as he has not mentioned the chained CPI in the context of the government shutdown.

“I don’t think he’s willing to give into extortion,” Ellison said.
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More on the Human Chain against Social Security cuts (Original Post) LongTomH Oct 2013 OP
Any chained CPI could not take effect until 2014, FWIW. dixiegrrrrl Oct 2013 #1

dixiegrrrrl

(60,010 posts)
1. Any chained CPI could not take effect until 2014, FWIW.
Thu Oct 3, 2013, 08:45 PM
Oct 2013

"NEVER" is the preferable timeline of course.
and
FWIW..Budget Office has already indicated a 1.5% increase in Soc. Sec. checks for next year.
Assuming the Gov. does not collapse before then.

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