The Corner

Democrats Slam Obama’s Chained CPI Proposal

President Obama is expected to release his budget on Wednesday, and leaked reports indicate that it will include a proposal for a new measure of inflation to determine Social Security benefits that’s less generous, called chained CPI. That new formula happens to be quite unpopular with Democrats and progressives. Below, the most severe backlash against the president’s proposal:

  • Senate majority leader Harry Reid adamantly refused a White House proposal that included chained CPI during last year’s fiscal-cliff negotiations, according to the Washington Post: “Aides said Reid actually tore up the proposal and threw it into the blazing fire in his ornate green marble fireplace. The paper burned. Reid said he didn’t want evidence that the idea had ever been considered.”

  • Senator Bernie Sanders (I., Vt.) released a statement this morning saying, “I am terribly disappointed and will do everything in my power to block President Obama’s proposal to cut benefits for Social Security recipients through a chained consumer price index.” Sanders penned an op-ed for the Hill in February titled “Chained CPI: An economic, moral disaster.”

  • Representative Chris Van Hollen (D., Md.), ranking member in the House Budget Committee, said he has “serious” and “substantive concerns” about the president’s proposals, including chained CPI, on MSNBC’s NewsNation with Tamron Hall this afternoon (video above).

  • Moveon.org’s executive director Anna Galland told the New York Times today, “President Obama’s plan to cut Social Security would harm seniors who worked hard all their lives,” lamenting that “the drive to cut Social Security is being led by President Obama and Democrats.”

  • Lastly, former labor secretary Robert Reich wrote and posted a video on the Huffington Post yesterday detailing “why the White House shouldn’t be touting” chained CPI.

When the president officially unveils his budget on Wednesday, expect more of this. 

Most Popular

Politics & Policy

Biden’s Unhelpful Mask Stance

On the menu today: Joe Biden brings his own problems to the national stage, declaring that he wants Americans to wear masks until the end of his first 100 days in office -- well after the 100 million most vulnerable Americans will be vaccinated! -- and warns that the nation’s death toll from the pandemic will ... Read More
Politics & Policy

Biden’s Unhelpful Mask Stance

On the menu today: Joe Biden brings his own problems to the national stage, declaring that he wants Americans to wear masks until the end of his first 100 days in office -- well after the 100 million most vulnerable Americans will be vaccinated! -- and warns that the nation’s death toll from the pandemic will ... Read More

America Waits Out the Biden Era

Now that the post-electoral haze is clearing a little, and we see that the Democrats so skillfully arranged for massive ballot-harvesting electoral fraud in several swing states that their likely theft of the election may, in yet another demonstration of the atrophied condition of the American legal system, be ... Read More

America Waits Out the Biden Era

Now that the post-electoral haze is clearing a little, and we see that the Democrats so skillfully arranged for massive ballot-harvesting electoral fraud in several swing states that their likely theft of the election may, in yet another demonstration of the atrophied condition of the American legal system, be ... Read More

If You Like Your Police, You Can Keep Your Police

The most amusing thing about the Obama v. the Squad kerfuffle is that there is not actually an inch of substantive daylight between the supposed combatants. Former President Obama does not disagree with the sentiments or objectives of Ilhan Omar et al. He disagrees with their tactic of pursuing it through a ... Read More

If You Like Your Police, You Can Keep Your Police

The most amusing thing about the Obama v. the Squad kerfuffle is that there is not actually an inch of substantive daylight between the supposed combatants. Former President Obama does not disagree with the sentiments or objectives of Ilhan Omar et al. He disagrees with their tactic of pursuing it through a ... Read More
Business

The Climate Warriors are Eyeing Your Plate

The war on red meat, spearheaded by vegetarians (and then vegans) has been going on for years. More recently, the climate warriors have joined in. A decade or so ago, the idea that climate change might have been used as a justification for either banishing meat from the table — or repricing it so that it was ... Read More
Business

The Climate Warriors are Eyeing Your Plate

The war on red meat, spearheaded by vegetarians (and then vegans) has been going on for years. More recently, the climate warriors have joined in. A decade or so ago, the idea that climate change might have been used as a justification for either banishing meat from the table — or repricing it so that it was ... Read More
Film & TV

Wonder Drug Cures All Problems

I’ve just discovered a film that has changed my life. Give it a chance, and it’ll change yours, too. The film is Another Round, by the sly Dane Thomas Vinterberg (The Celebration), and it heralds the discovery of a miraculous substance by four friends, all of them high-school teachers in Denmark, on the ... Read More
Film & TV

Wonder Drug Cures All Problems

I’ve just discovered a film that has changed my life. Give it a chance, and it’ll change yours, too. The film is Another Round, by the sly Dane Thomas Vinterberg (The Celebration), and it heralds the discovery of a miraculous substance by four friends, all of them high-school teachers in Denmark, on the ... Read More