Americans Rally at White House Saying No Social Security Benefit Cuts.
Here is another video from yesterday’s event outside the White House.
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Activists rally against Social Security benefit cuts. They tell the White House “NO” to the Chained CPI.
Seniors, Retired Veterans, and the Disabled Will Pay Down Our Nation’s Debt
“If news reports today are correct, President Obama will soon renege on his commitment to keep Social Security out of the deficit debate, ignoring his campaign promise to millions of Americans that he would protect vital middle class programs like Social Security. By including a proposal in his 2014 budget to change the current cost of living allowance formula to a stingier and less accurate Chained CPI, the President has suggested an immediate benefit cut of $130 per year for the typical 65-year old retiree that would grow exponentially to a $1,400 cut after 30 years of retirement.
Contrary to the political spin, this chained CPI proposal isn’t a “tweak” or an “adjustment,” it’s designed to cut benefits and raises taxes, largely on the poor and middle class, totaling $208 billion over ten years. $127.2 billion of those benefits cuts come from Social Security with about $24 billion coming from VA benefits and civilian and military retirement pay cuts. Seniors will have received an average COLA of 1.3% over 4 years with no increase in two of those years. Arguing that is too generous shows how out of touch Washington is with the real-world economic realities facing average Americans. Adopting the chained CPI is nothing more than a political sleight of hand targeting our nation’s middle class and poor.
This budget is also reported to include more means testing in Medicare and less than half the new revenue requested in earlier budget negotiations. The President’s budget is not the balanced plan promised to Americans before November’s election and will leave millions of middle-class families in even worse shape than they are today.”…Max Richtman, NCPSSM President/CEO
Chalk it up to Republican obstinacy , Democratic opposition , or just plain common sense, the White House has dropped the noxious chained CPI from its Social Security proposals for the upcoming federal budget.
Don’t mind us as we take a Social Security victory lap.
Some in Washington are considering using the Chained CPI which will cut Social Security benefits for seniors, veterans, and the disabled.
The National Committee along with other activists will be protesting the Chained CPI outside the White House tomorrow (Thursday) at 1pm.
White House Economic Adviser said that the Chained CPI “provides a more accurate measure”. The Chained CPI is a benefit cut to Social Security. Period.
A very large amount of news articles regarding the President dropping Chained CPI from his budget:
Good News For Social Security Beneficiaries…For a Change. - Entitled to Know.
Obama drops Social Security cut. - The Hill.
Obama hands progressives a win on Social Security. - Chicago Sun-Times.
Obama budget proposal to drop Social Security cuts. - Reuters.
Feeling pressure from the left, Obama backs off of Social Security cuts in budget. - Washington Times.
Obama Budget to Delete Proposal to Limit Social Security. - Bloomberg.
White House drops chained Consumer Price Index for Social Security. - Daily Kos.
Obama’s Budget Drops Big Social Security Cut. - Fire Dog Lake.
GOP’s Social Security disaster: Conservatives just lost their chance to cut benefit. - Salon.
Chained CPI Out of Obama Budget! Victory for the New Populists. - Huffington Post.
How John Boehner Spared Democrats Their Own Civil War. - National Journal.
Chained CPI is being discussed in budget talks. Plain and simple, Chained CPI is a benefit cut to Social Security.
The president’s budget blueprint for the coming year will omit the so-called Chained CPI proposal, which slows the rate at which Social Security benefits grow (which were included in his budget plan last year).
Good news!
Reports that President Obama will not include cuts to Social Security through adoption of the Chained CPI in his 2015 budget is welcome news for millions of seniors, veterans and people with disabilities who are tired of their modest benefits being used as deficit reduction bargaining chips. While it appears the White House has, for now, listened to the vast majority of Americans, of all ages and political parties, the President has still left the door open for more “let’s make a deal” bargaining with seniors’ benefits. He’s taking one step forward by keeping the Chained CPI out of his budget. We hope he won’t end up taking one step back by offering it up again later during any budget talks.
Read the rest of our statement about this news here.
On this date in 1990, President George H.W. Bush signed the #ADA into law — making it easier for older Americans and others with #disabilities to get around at home, participate in their communities, and go to work. #ADA31