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Tue Dec 18, 2012, 07:45 PM

Bernie Sanders twittered chart that clearly shows Chained CPI cuts to seniors.

Last edited Tue Dec 18, 2012, 08:48 PM - Edit history (1)



Bernie Sanders ‏@SenSanders
Here is a chart from @NoSocSecCuts showing how benefits will be cut if Congress enacts the chained CPI. #budget http://pic.twitter.com/zd2Gaa4h


Bernie Sanders Twitter

Crossposted at Madfloridian's Twitter page

38 replies, 4027 views

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Reply Bernie Sanders twittered chart that clearly shows Chained CPI cuts to seniors. (Original post)
madfloridian Dec 2012 OP
Yavapai Dec 2012 #1
femrap Dec 2012 #11
LiberalArkie Dec 2012 #25
femrap Dec 2012 #28
BlueCaliDem Dec 2012 #34
madfloridian Dec 2012 #36
Tutonic Dec 2012 #33
MannyGoldstein Dec 2012 #2
madfloridian Dec 2012 #3
leftstreet Dec 2012 #4
Faryn Balyncd Dec 2012 #5
madfloridian Dec 2012 #6
plethoro Dec 2012 #8
JaneyVee Dec 2012 #15
hay rick Dec 2012 #7
madfloridian Dec 2012 #14
bullwinkle428 Dec 2012 #9
MotherPetrie Dec 2012 #10
AnotherMcIntosh Dec 2012 #12
Overseas Dec 2012 #13
madfloridian Dec 2012 #16
TheKentuckian Dec 2012 #17
Autumn Dec 2012 #24
JDPriestly Dec 2012 #18
Yo_Mama_Been_Loggin Dec 2012 #30
JDPriestly Dec 2012 #38
madfloridian Dec 2012 #19
broadcaster75201 Dec 2012 #20
AzDar Dec 2012 #21
woo me with science Dec 2012 #22
Kip Humphrey Dec 2012 #23
proverbialwisdom Dec 2012 #26
GreenPartyVoter Dec 2012 #27
ChiciB1 Dec 2012 #29
Yo_Mama_Been_Loggin Dec 2012 #31
jtuck004 Dec 2012 #35
Poll_Blind Dec 2012 #32
avaistheone1 Dec 2012 #37

Response to madfloridian (Original post)

Tue Dec 18, 2012, 07:50 PM

1. No wonder they want to get rid of guns.

 

Sorry if this offends. Will delete if it does.

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Response to Yavapai (Reply #1)

Tue Dec 18, 2012, 10:26 PM

11. It actually

 

gave me a bit of a laugh.

Looking at other cultures where the elderly are poor, suicide rates are up. The least the US gov't could do is help us old folks kill ourselves so we can leave what little we have left to either help our families or the charities of our choice.

I don't want to give what money I have to Big Pharma or Big Med....they have plenty of money. You know if the old folks start to pull the plug, we could really kick Big Pharma and Big Med in the genitalia.

I'm really looking to getting off this planet...life just isn't what it used to be. No one says 'Excuse Me' anymore. Never mind 'please.'

Thx for the laugh....but I have been told I have a rather dark humor.

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Response to femrap (Reply #11)

Wed Dec 19, 2012, 03:33 PM

25. I turn 65 in January and plan on retiring in March.. I would be happy to die off around 70 anyway

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Response to LiberalArkie (Reply #25)

Wed Dec 19, 2012, 06:26 PM

28. I turn 60 next

 

month and I keep thinking maybe I won't make it. I wouldn't mind one bit.

Life is becoming such a chore filled with bores who bother me to my core!

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Response to LiberalArkie (Reply #25)

Thu Dec 20, 2012, 12:04 AM

34. You have NADA to fear except Leftwing fearmongering itself.

Before everyone freaks out about this, you all should go to The People's View and read what this really entails.

First off:

"There are no cuts being proposed to social security's basic benefits. Social Security benefits are currently calculated using a formula that takes into account your income and replaces a certain percentage of it. Here is exactly how that's done: by determining one's average monthly income - wage-inflation adjusted - in the 35 best earning years of one's life, and then applying a "bend point" formula to determine your base benefit (fashionably known as PIA or the "primary insurance amount").


Second:

If you retire in 2011 at your normal retirement age, for example, your basic benefit is determined using the following formula:
(a) 90 percent of the first $749 of his/her average indexed monthly earnings, plus
(b) 32 percent of his/her average indexed monthly earnings over $749 and through $4,517, plus
(c) 15 percent of his/her average indexed monthly earnings over $4,517.
Again, these "bend points" are adjusted by a formula that has been set in law since 1979, are based on wage-growth, and there is absolutely no changes to that formula in the gang of six plan, and the changes proposed to it in the Fiscal Commission plan actually increases the base benefits for the poorest workers who are also likely to have the least in savings or other retirement income.


If you're tired of hearing all this gossip that sends you into panic, go read this article in detail and stop relying on tweets to get your information on something as complicated and intricate as this. Jesus people. You're Democrats! You're better than this!

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Response to BlueCaliDem (Reply #34)

Thu Dec 20, 2012, 01:25 AM

36. I read it. Not in panic mode, am in angry mode. Frustrated mode.

Misleading because none of us is saying that the basic benefits are being cut. They are going to be cut because the cost of living formula put on the table this week will give them less money as they age.

It is frustrating to see that presented as being different than a cut. It is a cut....a rose by any other name.

I am very tired of being talked down to, fussed at, called an idiot, told I wasn't bright....I am sick of it.

The centrist Dems have done this to us for years and years, and I am tired of that warning that all is okay, shut up and sit down.

Social Security should NOT be on the table in any form in the deficit talks.



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Response to Yavapai (Reply #1)

Wed Dec 19, 2012, 11:32 PM

33. Old people with guns.....hmmmmm

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 08:04 PM

2. Those are somewhat lower numbers then I've seen.

I wonder what's up.

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Response to MannyGoldstein (Reply #2)

Tue Dec 18, 2012, 08:24 PM

3. Here's a couple of twitter links that might help.

I am not sure what the difference is. I trust numbers from those I trust. Not good at economic type math.

https://twitter.com/search?q=CPI&src=tren

https://twitter.com/NoSocSecCuts

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 08:26 PM

4. But...but...the press is making all this up

Why are good solid progressives responding to these horrible lies as if they're true?

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 08:35 PM

5. Does ANYONE believe the actual impact will not be much greater than the projections? K&R







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Response to Faryn Balyncd (Reply #5)

Tue Dec 18, 2012, 08:40 PM

6. I believe it will be much greater.

to you.

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Response to Faryn Balyncd (Reply #5)

Tue Dec 18, 2012, 09:54 PM

8. It will be. After all these low interest rates when productivity increases

 

inflation will explode. Then the shortage of ss money for old seniors will be staggering.

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Response to Faryn Balyncd (Reply #5)

Wed Dec 19, 2012, 12:25 AM

15. Yes, but that's not even the larger point, which is why are we even picking on the elderly & poor?!

The rich have never sacrificed a thing for this Nation.

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 09:20 PM

7. Numbers don't look right to me.

I'm expecting projections based on an average difference between CPI and chained CPI, but the numbers on the graph don't support a single number difference. If the average difference is 0.32%, the cuts would come to 3.2%, 6.2%, and 9.2%. If the average difference is 0.37%, the cuts would come to 3.7%, 7.2%, and 10.5%.

They may be using an assumption other than constant difference between CPI and chained CPI. I wouldn't expect the difference to be constant but I also don't think any relationship other than constant difference is predictable, especially 30 years out.

In the end, it isn't a math problem, it's a morality problem.

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Response to hay rick (Reply #7)

Wed Dec 19, 2012, 12:22 AM

14. Agree with your last sentence. Won't argue about the math.

I consider myself intelligent, but I don't have a feel for economics. I will never argue on that topic.

I just resent they are playing games with this important program. They have already made changes to Medicare, and more on the way.

You are right, in the end it shows the true moral center of our country. It ain't looking so good right about now.

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 09:58 PM

9. K&R. It's clearly a lot easier for some DUers to attack

other DUers, rather than attack someone like Bernie Sanders.

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 10:25 PM

10. This is unconscionable

 

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 10:32 PM

12. It doesn't seem that Obama (D) will do this. On the other hand, who appointed the members of the

 

Cat-Food Commission?

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 10:32 PM

13. K&R. I wrote to my congresswoman in opposition to any changes to SSI. Keep the COLA.

We want a regular Cost of Living Adjustment, not a fancy Chained CPI.

No Changes to Social Security is what we all voted for.

NO CUTS IN BENEFITS.

I'm so tired of Democrats feeling obligated to make cuts to correct budget deficits run up by Republicans with their illegal wars and giant tax cuts.

I am mad at the media who go along with the assumption that Democrats have to give something if the Republicans go along with taxing the Super Wealthy. Both parties need donations from the Very Rich. Both are sacrificing by asking them to pay more.

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Response to Overseas (Reply #13)

Wed Dec 19, 2012, 02:25 AM

16. I did also.

Not sure it will do any good.

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Response to Overseas (Reply #13)

Wed Dec 19, 2012, 02:32 AM

17. Hell, back before we became a coven of Reaganites the word was that the COLA was too stingy

and didn't properly weigh actual expenses of people on the scuffle like rent, food, utilities, fuel, and health care.

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Response to TheKentuckian (Reply #17)

Wed Dec 19, 2012, 03:13 PM

24. Ah the good old days. I remember them well.

My how things change.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 03:57 AM

18. Who gets $1,611 from Social Security in a year?

That's a lot of money. You could live on that.

The average Social Security benefit is a little above $1,200 per month. The COLAs are very small. It would take 10 years for a person receiving $1,200 per month now to reach $1,611 -- and then the reduction in COLAs would pretty much eat up a lot of the Social Security check.

Forget that. It's a nasty betrayal on Obama's part.

He shows a lot of compassion for children, maybe because he has two. That's wonderful. He's a good man.

But he shows very little if any compassion for seniors. He's still a good man, but he's got a problem there.

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Response to JDPriestly (Reply #18)

Wed Dec 19, 2012, 08:27 PM

30. Well according to a flyer I recieved from SS

If I retire at 66 1/2 I will recieve $2,082 a month. At 70 I would recieve $2,665 a month.

You must be pretty frugal if you can live on $1,600 a month.

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Response to Yo_Mama_Been_Loggin (Reply #30)

Fri Dec 21, 2012, 02:19 AM

38. It's less than that.

The average Social Security payment is a little over $1200 per month.

That is why chained CPI is so horrible. And there is no hope of increasing it in my view.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 11:28 AM

19. In case you missed DeFazio's rant on this Chained CPI....video

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 02:38 PM

20. And yet Seniors put the GOP in office

Even being one, I am having a VERY hard time feeling badly for old people. They have created death and destruction with their support of the GOP.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 02:39 PM

21. K & R

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 03:06 PM

22. kick

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 03:09 PM

23. Chained CPI = Progressive Poverty for seniors... adapting an old Vulcan saying,

Live Long & Suffer!

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 04:22 PM

26. Thanks. Very informative thread, K&R!

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 04:27 PM

27. Bernie Sanders is an American treasure.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 08:18 PM

29. MadFloridian... Thanks So Much For Info...

I think. I feel my liberal heart hurting. I did vote for Obama, even knowing he was really a Blue Dog. But what other choice was there???

Some other factors came into it such as my feeling that once electing a black person it didn't seem right that this country should turn around and said "pfft!" Romney simply scared me to death & I felt he would GIVE the Repukes the chance to do so much more damage.

There are times that I'm reminded of Pink Floyd's "We Don't Need No Education!. I knew & so many others knew. Still there have been times I've felt sorry for Obama, then I turn around and say, Why?

He may be a good man, but FDR & LBJ he ain't. Guess it's the "times they are a changin' and I'm trying very hard to understand and realize that I CAN'T HAVE MY PUDDING!

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Response to ChiciB1 (Reply #29)

Wed Dec 19, 2012, 08:33 PM

31. If I may play devil's advocate for a sec

Obama's offer may be a politcal ploy to show how unco-operative the Republicans really are. Note that Boner rejected Obama's offer and plans to push ahead with a plan B vote.

Nancy Pelosi did pretty much the same thing last May when she offered to preserve the Bush tax cuts for all except those making over one million a year.

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Response to Yo_Mama_Been_Loggin (Reply #31)

Thu Dec 20, 2012, 01:15 AM

35. Oh what fun it is to play 3d chess with live people. n/t



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Response to madfloridian (Original post)

Wed Dec 19, 2012, 08:59 PM

32. DU REC +1 nt

PB

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Response to madfloridian (Original post)

Thu Dec 20, 2012, 01:54 AM

37. k&r

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