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White House Reverses Course on Social Security Cuts
Sen. Bernie Sanders today welcomed White House assurances that, unlike last year, President Barack Obama will not call for cuts in Social Security benefits as part of a budget blueprint that he will submit to Congress. I applaud President Obama for his important decision to protect Social Security, said Bernie, who founded the Senates Defending Social Security Caucus.
On Feb. 14, Bernie and 15 other senators sent a letter to the White House urging the president to spare Social Security in his budget for the coming fiscal year. Last year, the president proposed changing how the consumer price index is calculated to lower future cost-of-living adjustments for Social Security recipients and disabled veterans.
With the middle class struggling and more people living in poverty than ever before, we cannot afford to make life even more difficult for seniors and some of the most vulnerable people in America, Bernie said.
Read READ THE SENATORS' LETTER TO THE PRESIDENT
http://www.sanders.senate.gov/download/letter-on-social-security-medicare-and-medicaid-2014?inline=file&utm_source=target&utm_medium=email&utm_content=Read+the+senators+letter+to+the+president+featuredlinkurl&utm_campaign=Target:+White+House+Reverses+Course+on+Social+Security+Cuts+02-21
ProSense
(116,464 posts)let it sink.
LOL!
bigwillq
(72,790 posts)K and R
nadinbrzezinski
(154,021 posts)I will not copy and paste that one since it includes multiple media cites.
nadinbrzezinski
(154,021 posts)President Barack Obama angered Democrats and seniors last year by including a proposal favored by Republicans called the Chained Consumer Price Index, which involves a less generous way of making cost of living adjustments and thus reduces the budget hit for these payments to retirees.
"This is a huge progressive victory -- and greatly increases Democratic chances of taking back the House and keeping the Senate, said Stephanie Taylor, co-founder of the Progressive Change Campaign Committee, a liberal policy group. Now, the White House should join (Massachusetts Democratic Sen.) Elizabeth Warren and others in pushing to expand Social Security benefits to keep up with the rising cost of living."
Obama proposed the change as an olive branch to Republicans in an effort to forge a bipartisan budget. The recent two-year budget deal did not include chained CPI, and that signaled it was unlikely that the president would propose it again.
Read more here: http://www.mcclatchydc.com/2014/02/20/218826/obama-to-drop-less-generous-retiree.html#storylink=cpy
Lifelong Protester
(8,421 posts)I haven't opened my home email yet-I'm guessing a note from Bernie will be there.