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November 26, 2014
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Tag: Chained Cpi

Elizabeth Warren: ‘Make No Mistake, There Is a [Retirement] Crisis’

After The Washington Post mocked the idea of Americans facing a looming retirement crisis, the inimitable senator from Massachusetts took to her chamber’s floor to remind us that talking about Social Security benefits isn’t about “math, [it’s] about our values.”

Posted on Nov 21, 2013 READ MORE


Obama’s Wake-Up Call

President Obama got roughed up by the pundit class last week. The question is what lessons he draws from the going-over.

Posted on May 6, 2013 READ MORE



eflon (CC BY 2.0)

Obama’s ‘Mixed Feelings About Old People’

The president gave wealthy Americans “a most generous reduction in their estate taxes” while telling Social Security beneficiaries “to live with smaller benefit checks,” William Greider writes in The Nation.

Posted on Apr 27, 2013 READ MORE



How the News Is Killing You

Reading mass media news articles is unhealthy and causes unhappiness, so stop it; Americans want to know more about socialism, as evidenced by Merriam-Webster’s two most searched entries in 2012; meanwhile the Swedes were dissatisfied with gendered pronouns and have officially incorporated a third, gender-neutral one into their language. These discoveries and more after the jump.

Posted on Apr 15, 2013 READ MORE


Michael Hudson on Obama, Social Security and Mean Mrs. Thatcher

This week on Truthdig Radio in association with KPFK: Economist Michael Hudson attacks Obama’s proposed cuts. Also on the program: the fight to keep Monsanto from polluting Hawaii’s natural wonders, a college degree ain’t what it used to be, and a new movie documents the legal showdown over medical marijuana.

Posted on Apr 14, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

Michael Hudson on Obama, Social Security and Mean Mrs. Thatcher

This week on Truthdig Radio in association with KPFK: Economist Michael Hudson attacks Obama’s proposed cuts. Also on the program: the fight to keep Monsanto from polluting Hawaii’s natural wonders, a college degree ain’t what it used to be, and a new movie documents the legal showdown over medical marijuana.

Posted on Apr 14, 2013 READ MORE


Sen. Sanders Lays Into Obama for Attacking Social Security

The senator stood before a crowd of retirees, veterans and their supporters Thursday to point out that the president’s proposal for a “Chained CPI” adjustment to the calculation of retirement benefits would wreak destruction on the lives of elderly and disabled Americans.

Posted on Apr 13, 2013 READ MORE


Eat Your Cat Food, Mrs. Robinson

The new cost-of-living index proposed in Obama’s latest budget is really a means to push lower living standards on people who need Social Security, University of Missouri economist Michael Hudson says.

Posted on Apr 12, 2013 READ MORE


Obama’s Social Security Move Breaks Campaign Promise

Remember when, running for president back in 2008, Barack Obama vowed never to cut Social Security’s cost-of-living adjustments? He seems to be having second thoughts.

Posted on Apr 12, 2013 READ MORE



AP/J. Scott Applewhite

Obama Submits Destructive, Unnecessary Budget Plan

The president is following through on his intention to abandon the welfare of elderly and disabled Americans in a budget deal that would cut $130 billion from programs like Social Security over the next 10 years, and that could starve the system in the long run.

Posted on Apr 10, 2013 READ MORE



Gage Skidmore (CC BY-SA 2.0)

Republicans Dismiss Obama’s Budget Proposal

Thanks to Speaker of the House John Boehner and his fellow Republicans in the chamber, there is serious legislative opposition to the attack on Social Security that President Obama proposed in his budget plan this week.

Posted on Apr 6, 2013 READ MORE


Reich Decodes the Chained CPI

This week, President Obama proposed to reduce the national deficit by adopting a new formula for adjusting for inflation in Social Security payments. Robert Reich points out that it would be “stingier than the current one.” Frankly, it would destroy Social Security over the next two decades as prices for goods and services rose and the program wasn’t allowed to keep up.

Posted on Apr 6, 2013 READ MORE


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