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Chained Cpi

Chained CPI Is Dead, and the Grand Bargain With It

Andrew Fieldhouse | Posted 05.11.2014 | Politics
Andrew Fieldhouse

Beyond being highly controversial, as well as being bad policy, chained CPI was also akin to a unicorn let loose in the arena of the bipartisan deficit reduction "grand bargain" game. But the GOP could not do the work needed to catch it. And now it's dead.

President Obama's Budget Is a 'Solid Blueprint'

Bob Greenstein | Posted 05.04.2014 | Politics
Bob Greenstein

President Obama's new budget is a solid blueprint that would reduce deficits, alleviate poverty, and boost investment in areas needed for future economic growth, such as infrastructure, education, and research.

United We Win: How Progressives Defeated the Chained CPI

Nancy Altman | Posted 04.29.2014 | Politics
Nancy Altman

Last week, progressive groups won a huge victory when the White House announced the chained CPI Social Security cut will be not be in President Obama'...

Don't Forget What Happened When Obama First Proposed Chained CPI

Bob Greenstein | Posted 04.26.2014 | Politics
Bob Greenstein

Most media coverage of the president's decision not to include the "chained CPI" for cost-of-living adjustments in Social Security and other retirement programs in his 2015 budget has left out a key point to understanding the announcement.

Yes, the Left Killed the Chained CPI

Richard (RJ) Eskow | Posted 04.26.2014 | Politics
Richard (RJ) Eskow

If the chained CPI was merely a one-time fakeout which had already been discarded, why were the president's aides so evasive on the topic in recent weeks? This has all the hallmarks of a last-minute decision, driven by escalating political heat from the left.

Chained CPI of Fools

Terry O'Neill | Posted 04.23.2014 | Politics
Terry O'Neill

The White House has confirmed that President Obama won't include the "chained CPI" (a formula for reducing cost-of-living adjustments in Social Security benefits) in his 2015 budget. It's clear that it was a political calculus that prompted this step today -- but we have to be vigilant and prepared for a renewed battle over the chained CPI in the near future.

Chained CPI Out of Obama Budget! Victory for the New Populists

Roger Hickey | Posted 04.22.2014 | Politics
Roger Hickey

We have truly reached a tipping point. Recurrently Americans have joined together in a populist movement to advance the interests of "the people" against "the elite." Today, after many years of struggle, that new populist movement is rising to defend and expand Social Security. And the politicians had better lead or get out of the way.

House Republicans Want Budget Cuts For Seniors, But Not For Insurance Companies

The Huffington Post | Andrew Perez | Posted 02.21.2014 | Politics

WASHINGTON -- House Republicans on Thursday attacked President Barack Obama after word from the White House that his fiscal 2015 budget drops proposed...

Some Smart, Progressive Budgeting From the White House

Jared Bernstein | Posted 04.22.2014 | Politics
Jared Bernstein

Unlike recent budgets, this one will not include the recommendation to switch to the chained CPI. Past budgets included savings generated by this change, which would lead to slower rising benefits in programs indexed to prices, most notably Social Security.

Chained CPI Makes Sense Only Under Certain Conditions

Paul N. Van de Water | Posted 04.22.2014 | Politics
Paul N. Van de Water

Since Social Security benefits are modest, and since most beneficiaries have little other income, no one should propose a cut in benefits casually. We've said time and again that the chained CPI is worth considering only if two crucial conditions are met.

Arthur Delaney

Obama To Drop Social Security Cut From Budget

HuffingtonPost.com | Arthur Delaney | Posted 03.17.2014 | Politics

WASHINGTON -- President Obama will not include cuts to Social Security and other earned-benefit programs in his upcoming budget, the White House confi...

Don't Do It, Mr. President!

Richard (RJ) Eskow | Posted 04.19.2014 | Politics
Richard (RJ) Eskow

Will he or won't he reprise the "chained CPI" cut to Social Security that he proposed in last year's budget? Nobody on his team is talking. The answer to that question could determine the financial fate of millions of Americans -- and the political fate of the president's party.

Was This the Social Contract's Comeback Year?

Richard (RJ) Eskow | Posted 02.28.2014 | Politics
Richard (RJ) Eskow

What a difference a year makes. Last year at this time, a president and a party who had just won an election with progressive rhetoric were quickly pivoting toward a "Grand Bargain" which would cut Social Security and Medicare. Today the forces of corporate consensus are on the defensive.

Stealing From Federal Civil Servants: You May Be Next

Nancy Altman | Posted 02.07.2014 | Politics
Nancy Altman

Imagine that an employer wishes he hadn't paid you so much in the past, so he goes into your bank account and takes what he wants. Sound outrageous? That's essentially what the federal government may be about to do to its workers. And the rest of us may be next.

Amanda Terkel

New GOP Plan Would Save Military From Sequestration By Cutting Social Security

HuffingtonPost.com | Amanda Terkel | Posted 12.03.2013 | Politics

WASHINGTON -- A pair of House Republicans have a new bill that would spare the military from sequestration by cutting the Social Security benefits of ...

Michael McAuliff

Elizabeth Warren: Expand Social Security

HuffingtonPost.com | Michael McAuliff | Posted 11.18.2013 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) threw her increasingly high-profile name behind expanding Social Security benefits instead of reducing t...

Is This How to Salute a Veteran?

Richard Trumka | Posted 01.23.2014 | Politics
Richard Trumka

Today we celebrate Veterans Day. Let's take this opportunity to honor the men and women who have served our nation to protect and defend the freedoms we all enjoy. But we shouldn't just talk about "honor." America's veterans need action, not words.

House Ways and Means Committee Misleads Hill on Chained CPI

Ben Veghte | Posted 11.06.2013 | Politics
Ben Veghte

Workers who have contributed to Social Security through a lifetime of work deserve better than to see their earned benefits cut, especially when this cut is disingenuously sold with smoke and mirrors.

Arthur Delaney

Social Security Cut Would Put More Money In Seniors' Pockets, GOP Claims

HuffingtonPost.com | Arthur Delaney | Posted 11.05.2013 | Politics

WASHINGTON -- A controversial proposal that would save the government billions by changing the way Social Security benefits are adjusted each year wou...

Dave Jamieson

Labor To Dems: We'll End Your Career If You Cut Social Security

HuffingtonPost.com | Dave Jamieson | Posted 10.22.2013 | Politics

WASHINGTON -- With fresh Capitol Hill budget battles on the horizon, the head of the leading labor federation planned to issue a blistering warning to...

Chained-CPI Supporters Believe This Year's Tiny Social Security Cost of Living Adjustment (COLA) Is Too Generous

Nancy Altman | Posted 01.23.2014 | Politics
Nancy Altman

No one is getting rich from Social Security. Social Security beneficiaries have little flexibility in their household budgets. They paid into Social Security throughout their working lives, and have earned a COLA that should keep their benefits at pace with inflation.

GOP Should Shut Down the Chained CPI

Max Richtman | Posted 01.23.2014 | Politics
Max Richtman

Given the economy's slow rebound, is this really their plan to strengthen America? Is there any community which can afford to lose millions of dollars and hundreds of jobs over the next decade?

Fed's Problem: Deflation?

Terry Savage | Posted 11.19.2013 | Business
Terry Savage

The latest report on the Consumer Price Index (CPI) shows inflation edged up only 0.1 percent in August, less than expected. And the year-over-year inflation rate is only 1.15 percent. So is that good news, or bad?

Zach Carter

Janet Yellen's Not So Progressive Past

HuffingtonPost.com | Zach Carter | Posted 09.17.2013 | Politics

WASHINGTON -- Following President Barack Obama's failed effort to install his former economic adviser Larry Summers as Federal Reserve chairman, Janet...

Don't Get Complacent About Social Security. They Still Want to Cut It

Richard (RJ) Eskow | Posted 10.18.2013 | Politics
Richard (RJ) Eskow

In every successful struggle there's a time to celebrate a hard-fought victory. When it comes to Social Security, this is not that time.