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Fri Mar 22, 2013, 11:08 PM

Senate on record opposing use of chained cpi

Source: The Hill

The Senate voted Friday night to oppose cutting entitlement benefits for veterans using a new method of calculating inflation.

President Obama has put the new method, known as chained consumer price index, on the table in deficit talks with Republicans. Using it reduces entitlement benefits like Social Security over time and also raises revenues by reducing the value of tax breaks.

The vote on the amendment was by voice vote, so its usefulness in quantifying Senate opposition to the proposal is minimal. The amendment is non-binding because it is attached to the budget resolution, which does not have the force of law.

Sens. Bernie Sanders (I-Vt.), Tom Harkin (D-Iowa), Mazie Hirono (D-Hawaii) and Sheldon Whitehouse (D-R.I.) sponsored the amendment.






Read more: http://thehill.com/blogs/on-the-money/budget/289981-senate-on-record-opposing-use-of-chained-cpi



By voice vote- Senate votes down "Chained CPI"

12 replies, 2780 views

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Arrow 12 replies Author Time Post
Reply Senate on record opposing use of chained cpi (Original post)
James48 Mar 2013 OP
elleng Mar 2013 #1
msongs Mar 2013 #2
PoliticAverse Mar 2013 #3
Cleita Mar 2013 #4
ReRe Mar 2013 #5
xtraxritical Mar 2013 #6
Bohunk68 Mar 2013 #7
dicksmc3 Mar 2013 #9
xtraxritical Mar 2013 #10
Bohunk68 Mar 2013 #12
dicksmc3 Mar 2013 #8
NeoConsSuck Mar 2013 #11

Response to James48 (Original post)

Fri Mar 22, 2013, 11:10 PM

1. Good, even tho 'just' 'for veterans'

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Response to James48 (Original post)

Fri Mar 22, 2013, 11:11 PM

2. tell those moderate republican types to keep their hands off SS nt

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Response to James48 (Original post)

Fri Mar 22, 2013, 11:32 PM

3. So they oppose it when it doesn't really count. n/t

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Response to James48 (Original post)

Fri Mar 22, 2013, 11:58 PM

4. We keep getting closer to that river that seniors vets and others dependent on SS

are being sold down.

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Response to James48 (Original post)

Sat Mar 23, 2013, 12:54 AM

5. For the life of me, I can't see anything of import here....

..."sounds" like they did have a little discussion, took a voice vote, but nothing really concrete or solid stuck to anything.

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Response to James48 (Original post)

Sat Mar 23, 2013, 10:59 AM

6. Kabukki

 

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Response to xtraxritical (Reply #6)

Sun Mar 24, 2013, 07:17 AM

7. Ah, Kabukki.

Which translates, "Nothing to see here, just keep on moving." Right, we understand now. The subject keeps coming up and coming up and this only applied to veterans, no one else. Just Kabukki.

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Response to Bohunk68 (Reply #7)

Sun Mar 24, 2013, 08:43 AM

9. Applies only to Vets???

This amendment helps Seniors on Social Security by using a formula for COLA that Republicans wanted to get rid. The formula now used is somewhat fair but, does not take into account that we seniors pay for drugs that go up by as much as 10 to 15% every year. What is our Cola?? This year it was 1.7% The Republican plan would mean a BIG reduction in future years for reciprients. Even Obama offered to put the CHAINED CPI on the "TABLE" for negotiations. Thank goodness for these Senators. You need to get your facts straight before posting. BTW, why does this bother you when it comes to our vets, of which I happen to be one???

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Response to dicksmc3 (Reply #9)

Sun Mar 24, 2013, 11:36 AM

10. ATTENTION!

 

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Response to dicksmc3 (Reply #9)

Sun Mar 24, 2013, 04:39 PM

12. According to the OP, this amendment only

applied to vets. BTW, I also happen to be a vet, and nothing in my post indicated that it only bothered me when it comes to vets. That is a total red herring. Our COLA has been changed a lot over the last few years under the Bush Regime. Are you aware that the COLA's were changed to include the costs of an ipad? And that some of the basic food stuffs cost were omitted? You could save an awful lot of anger if you didn't read things into a statement that are not there.

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Response to James48 (Original post)

Sun Mar 24, 2013, 08:35 AM

8. America's Senators!!!

These 4 Senators should get some much deserved recoginition for their hard work. So, thanks Senators you are all AMERICA'S SENATORS!!!

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Response to James48 (Original post)

Sun Mar 24, 2013, 12:47 PM

11. Did you hear that Obama? (no msg)

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