Democratic Party leaders on Tuesday signaled a willingness to accept an adjustment to Social Security benefits that New York Times’ columnist and amateur psychohistorian Paul Krugman has called “cruel and stupid.”
The adjustment, known as chained CPI, would save about $130 billion by changing the way Social Security benefit increases are calculated and ultimately slow their rate of growth over time.
Obama reportedly offered the adjustment as part of his most recent proposal to avert the so-called fiscal cliff.
Liberals were not pleased.
Read more: http://freebeacon.com/on-social-security-a-divided-democratic-party/
The adjustment, known as chained CPI, would save about $130 billion by changing the way Social Security benefit increases are calculated and ultimately slow their rate of growth over time.
Obama reportedly offered the adjustment as part of his most recent proposal to avert the so-called fiscal cliff.
Liberals were not pleased.
Read more: http://freebeacon.com/on-social-security-a-divided-democratic-party/
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