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Mr. Obama backpedals on
entitlement reform

Washington Post, by Editorial

Original Article

Posted By:garnet, 2/22/2014 11:12:35 AM

PRESIDENT OBAMA has not released his budget for fiscal year 2015, but he has already let it be known that one good idea won’t be in it: Unlike last year, Mr. Obama will not propose the use of a more accurate inflation factor, “chained CPI,” in the government’s annual adjustments to Social Security and other benefits. This is a huge disappointment. As far as anyone can tell, the president’s view on the merits of chained CPI hasn’t changed. The measure would save $162.5 billion over the next decade, according to the Congressional Budget Office, thus helping to trim the entitlement costs

      


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Reply 1 - Posted by: nimby, 2/22/2014 11:25:59 AM     (No. 9742298)

Et tu WaPo? Is this the beginning of honesty or the start of a snow job?

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Reply 2 - Posted by: JoniTx, 2/22/2014 11:29:33 AM     (No. 9742304)

Interesting, coming from the WaPo:

~~With his party facing a battle to hold its Senate majority in November, Mr. Obama has apparently concluded that the expedient course is to bash Republicans rather than to resist bad policy ideas emanating from his own camp.~~

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Reply 3 - Posted by: SpeedMaster, 2/22/2014 11:29:57 AM     (No. 9742309)

SS COLA for 2014 1.5%. I do not understand this. How does an accurate inflation index save money? First the government takes my money during my high income years, then ruins the economy, so what I have saved gets used to live on, now I am being told yearly adjustments are to go even further below the true inflation rate? I may become a single issue voter.

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Reply 4 - Posted by: stablemoney, 2/22/2014 11:55:21 AM     (No. 9742342)

Let me disclose that I hate the WaPo. Liberals have taken away $700 billion from medicare, lied about inflation to cheat SS beneficiaries, increased premiums, deductibles, coinsurance, and copays. And liberals say they are helping. Liberals have destroyed jobs, and reduced the standard of living of all Americans by 10% -- that in just the last 5 years. We will have even lower standards of living forward, as your income will be for taxes for the debt, not for you. Government, don´t help us anymore!

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Reply 5 - Posted by: Mobyclik, 2/22/2014 12:19:29 PM     (No. 9742380)

Ever notice how Social Security is always going broke and welfare never is?

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Reply 6 - Posted by: BaseballFan, 2/22/2014 12:26:16 PM     (No. 9742392)

I´m feeling more and more Ukrainian these days....

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Reply 7 - Posted by: toodles3956, 2/22/2014 2:15:17 PM     (No. 9742504)

I notice the only cuts Bammy wants to make is always the Seniors and the Military. I see nothing being cut from the welfare and food stamp atrocities.

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Reply 8 - Posted by: hoosiergirl71, 2/22/2014 3:03:37 PM     (No. 9742539)

Please excuse me for shouting.....SOCIAL SECURITY IS NOT AN ENTITLEMENT!!!! It is my money taken from my hard earned paycheck and from my employer for my retirement. It isn´t my fault the greedy government stole it and spent it and now has to go into debt to pay it to me.

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Reply 9 - Posted by: Doctor P, 2/22/2014 3:33:28 PM     (No. 9742562)

He was never interested in saving money in the first place

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