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Tue Dec 18, 2012, 02:00 PM

White House: changing inflation calculation a 'technical change'

http://uk.reuters.com/article/2012/12/18/usa-fiscal-inflation-idUKL1E8NI9IZ20121218

White House: changing inflation calculation a 'technical change'

Dec 18 (Reuters) - The White House said on Tuesday that a proposal to change inflation adjustments to Social Security benefits would affect other government programs that use the government's Consumer Price Index as an inflation gauge.

The proposal was part of an effort by President Barack Obama to compromise on deficit reduction issues in the ongoing "fiscal cliff" talks, spokesman Jay Carney told reporters.

But he characterized the change, requested by Republicans, as "technical," and said a clause in Obama's fiscal cliff plan would protect the elderly and other vulnerable groups from harsh adjustments to Social Security benefit payments.

35 replies, 2647 views

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Arrow 35 replies Author Time Post
Reply White House: changing inflation calculation a 'technical change' (Original post)
Enrique Dec 2012 OP
DJ13 Dec 2012 #1
Fumesucker Dec 2012 #4
woo me with science Dec 2012 #6
leftstreet Dec 2012 #8
woo me with science Dec 2012 #9
leftstreet Dec 2012 #14
woo me with science Dec 2012 #28
bvar22 Dec 2012 #33
33Greeper Dec 2012 #2
Panasonic Dec 2012 #3
Blaukraut Dec 2012 #5
Frustratedlady Dec 2012 #7
Auntie Bush Dec 2012 #15
Frustratedlady Dec 2012 #22
woo me with science Dec 2012 #27
MisterP Dec 2012 #32
Frustratedlady Dec 2012 #34
ProSense Dec 2012 #10
woo me with science Dec 2012 #11
ProSense Dec 2012 #13
woo me with science Dec 2012 #16
Luminous Animal Dec 2012 #19
woo me with science Dec 2012 #25
PETRUS Dec 2012 #29
jsr Dec 2012 #12
Hydra Dec 2012 #17
In Truth We Trust Dec 2012 #18
Fearless Dec 2012 #20
HiPointDem Dec 2012 #21
JHB Dec 2012 #23
Paulie Dec 2012 #24
Lugnut Dec 2012 #30
a kennedy Dec 2012 #31
MotherPetrie Dec 2012 #26
woo me with science Dec 2012 #35

Response to Enrique (Original post)

Tue Dec 18, 2012, 02:10 PM

1. So its only a technical fucking, not an actual penetration?

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Response to DJ13 (Reply #1)

Tue Dec 18, 2012, 02:13 PM

4. Not a legitimate rape n/t

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Response to Fumesucker (Reply #4)

Tue Dec 18, 2012, 02:15 PM

6. Old people have biological mechanisms that kick in and prevent real harm

when they are forced to eat cat food and live on the street.

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Response to woo me with science (Reply #6)

Tue Dec 18, 2012, 02:20 PM

8. And some seniors starve easy



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Response to leftstreet (Reply #8)

Tue Dec 18, 2012, 02:24 PM

9. Added my sarcasm tag. nt

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Response to woo me with science (Reply #9)

Tue Dec 18, 2012, 02:35 PM

14. Me too

I forget it's acceptable now in the DLCThirdWay Party to throw seniors and the disabled under the bus

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Response to leftstreet (Reply #14)

Tue Dec 18, 2012, 03:51 PM

28. Yeah,

The list of outrages considered acceptable under corporate rule keeps growing, doesn't it.

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Response to woo me with science (Reply #28)

Tue Dec 18, 2012, 06:36 PM

33. That can't be true!!!

President Obama is the most "Progressive" President EVER!
I know, because I read it right here on DU.


"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone


photo by bvar22
Shortly before Sen Wellstone was killed



You will know them by their WORKS,
not by their rhetoric, promises, or excuses.
Solidarity99!

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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:11 PM

2. Chained CPI = Cat Food

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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:12 PM

3. For SS, I accept a adjusted 30 year backdated inflation increase of 75%. Then Chained COLA can kick

 

in.

Otherwise Chained COLA is a fuck NO unless it comes with the adjusted RL 30 year corrected inflation.

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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:14 PM

5. That makes absolutely no sense

So changing inflation adjustments to SS benefits will not affect SS benefits?? What other government programs, and who else but the elderly and vulnerable collect SS benefits?

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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:16 PM

7. Is Obama batting the ping-pong ball back and forth until he can slam it to win the game?

Or are they agreeing on point by point?

It seems to me that they are just throwing stuff against the wall to see if the other will react.

I can't imagine Obama would go against a huge majority of people who do NOT want him messing with SS, Medicare and Medicaid.

Do they still have a ceiling on what salary an employee reaches when the SS deduction is no longer deducted? It's been so many years since I worked, I've lost track. If there is a cut-off, raise it.

Is there a cut-off by wage rate for benefits after retirement? If so, lower it. Millionaires don't need SS nor Medicare, for that matter.

My other comment is that they should not be hitting the SS ping-pong ball like this, as it scares the elderly that are living on the bare minimum as it is. They will lose their faith in all government if they take what little money they get away from them.

Once the Repugs win on SS, they'll keep eroding it until it's gone.



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Response to Frustratedlady (Reply #7)

Tue Dec 18, 2012, 02:37 PM

15. +1000 EVERYTHING you said.

It's an outrage! How do we fight this? Obama said he wouldn't touch SS...this is a broken promise!
SS isn't keeping up with inflation as it is...how can he cut it more by this devious method?

I can't keep up with the raising cost of oil, gas & food and everything under the sun. How will we live on the future lesser rates?

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Response to Auntie Bush (Reply #15)

Tue Dec 18, 2012, 03:03 PM

22. I am not going to get concerned yet, as I think it is a political game and

Obama is pretty smart and Boehner can't stay ahead of him. He tends to wave the carrot in front of their nose and then traps them, so I'm going to wait it out and see how it all filters down.

It may even be a trade-off for something better. Keep the faith. This is just a ping-pong game between the two...I think.

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Response to Frustratedlady (Reply #22)

Tue Dec 18, 2012, 03:50 PM

27. Oh, it's a political game, all right.

A malignant game by corporatists:

This is not *only* about Social Security
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2020314

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Response to Frustratedlady (Reply #7)

Tue Dec 18, 2012, 05:27 PM

32. not asking aggressively, but why precisely can't you imagine Obama would go against a huge majority

of his supporters? on what grounds does this confidence rest?

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Response to MisterP (Reply #32)

Tue Dec 18, 2012, 08:00 PM

34. I suppose it is that I trust him more than others.

I also know he isn't going to do everything the way I think it should be done. I feel that he looks at and weighs the whole picture on these issues that people are screaming about, with the hope that in the end, things will come out better than we expected.

There has to be give and take in this stupid game of politics and I, like the rest of you, cheer him on when he stands his ground and says NO! But, he can't do that all the time or it loses its affect.

I think we have to state our opinion/sign petitions and write letters/emails. Beyond that, we can only trust that he will do what he feels is best. We don't have the horrible load he carries every day NOR the obstruction he has had to live with for the last 4 years. Until I walk in his shoes, I can't be that critical.

We criticize him for what he does wrong...how many times do we thank him for doing something right?

JMVO



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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:28 PM

10. The media reports continue

"The proposal was part of an effort by President Barack Obama to compromise on deficit reduction issues in the ongoing "fiscal cliff" talks, spokesman Jay Carney told reporters. "

...to push this nonsense. I mean, the reports are that this was rejected, including by Democrats

WH Spokesman Carney: Chained CPI "Something Republicans Wanted"
http://www.democraticunderground.com/10022021289

Dick Durbin: No cut in Social Security benefits
http://www.democraticunderground.com/10022020805

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Response to ProSense (Reply #10)

Tue Dec 18, 2012, 02:31 PM

11. Dick Durbin is arguing FOR a chained CPI, not against it.

He tries to appear as an advocate for the vulnerable by saying that its use should be exempted for Social Security benefits, but he wants to let this scam take hold in our government and affect other vulnerable groups: http://www.democraticunderground.com/10022020805#post7

A chained CPI affects many other programs and vulnerable groups apart from Social Security recipients. By advocating its use at all, Durbin is saying,

Fuck the disabled. Fuck veterans. Fuck federal retirees.

What a disgusting charade from self-described "Democrats."

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Response to woo me with science (Reply #11)

Tue Dec 18, 2012, 02:32 PM

13. Nonsense.

Sell the drivel to someone else.


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Response to ProSense (Reply #13)

Tue Dec 18, 2012, 02:48 PM

16. Brazenly false. It's in your own post.


http://www.democraticunderground.com/10022020805#post7

In an interview with me this morning, Senator Dick Durbin, a top ally of the White House, told me he opposes including Chained CPI in the final deal unless it completely exempts Social Security.


In other words, bring on the chained CPI for other programs, and enable the fucking of the disabled, veterans, and federal retirees.

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Response to woo me with science (Reply #16)

Tue Dec 18, 2012, 02:59 PM

19. It is also a stealth tax hike for the vast majority of us. The 1% skates again...

The argument that a reduction in benefits would be offset by an increase in tax revenue from high-income earners also falls short. Switching to the Chained CPI to adjust annual income tax brackets would lead to incomes jumping to higher brackets faster, or in other words, tax increases. Congress’ non-partisan Joint Committee on Taxation showed that if income taxes were indexed to the Chained CPI starting in January of 2013, by 2021, 69 percent of the gains in revenue would come from taxpayers with incomes below $100,000. Those taxpayers with incomes between $10,000 and $20,000 would see an increased tax burden of 14.5 percent while those with incomes over $1,000,000 would only see their taxes go up by 0.1 percent.


http://www.cepr.net/index.php/press-releases/press-releases/chained-cpi-cuts-social-security-benefits-while-raising-taxes-on-the-middle-class

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Response to Luminous Animal (Reply #19)

Tue Dec 18, 2012, 03:09 PM

25. Thank you.

We are being sold out. There is only one party now, the corporate party.

This is not *only* about Social Security.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2020314

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Response to Luminous Animal (Reply #19)

Tue Dec 18, 2012, 04:06 PM

29. A shame that this tends to go unmentioned. nt

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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:31 PM

12. The issue is technical and for serious people.

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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:49 PM

17. Being alive or dead is a "technical" change also

Funny, I remember Peace Prize winner Kissenger talking about how starving people is an efficient way of mass killing.

Economics really ARE magic!

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Response to Enrique (Original post)

Tue Dec 18, 2012, 02:54 PM

18. Just as Obama is "technically" a democrat. Disgusting sellout! Soc.S is self funded. Leave it alone!

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Response to Enrique (Original post)

Tue Dec 18, 2012, 03:00 PM

20. BULL SHIT.

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Response to Enrique (Original post)

Tue Dec 18, 2012, 03:01 PM

21. kr

 

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Response to Enrique (Original post)

Tue Dec 18, 2012, 03:04 PM

23. It's like compound interest in reverse: compound theft.

How does that "technical" change stack up, 10, 20 years down the line? Just because the people it will affect then are not a "vulnerable group" now doesn't mean they won't be once they get old enough to receive SS and Medicare benefits.

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Response to Enrique (Original post)

Tue Dec 18, 2012, 03:06 PM

24. My parent SS check is going up $12 next year

And rent is going up by $20. Paid into SS for 25 working years and keeps going backwards.

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Response to Paulie (Reply #24)

Tue Dec 18, 2012, 04:26 PM

30. Mine is going up $12 also.

That reflects the Medicare premium going up $5 to $105 per month. My Medicare supplemental insurance is going up $41. Phooey.

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Response to Lugnut (Reply #30)

Tue Dec 18, 2012, 04:41 PM

31. and so it goes.....one step forward, a 12.00 increase, and five steps back Medicare goes up 41.00...

We'll NEVER get ahead....

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Response to Enrique (Original post)

Tue Dec 18, 2012, 03:10 PM

26. Betraying us and lying to us.

 

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Response to MotherPetrie (Reply #26)

Tue Dec 18, 2012, 08:51 PM

35. Yup. There's a new one every day.


This is not just about Social Security. Not by a long shot.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2020314

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