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Showing Original Post only (View all)White House: changing inflation calculation a 'technical change' [View all]
http://uk.reuters.com/article/2012/12/18/usa-fiscal-inflation-idUKL1E8NI9IZ20121218White 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.
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Old people have biological mechanisms that kick in and prevent real harm
woo me with science
Dec 2012
#6
For SS, I accept a adjusted 30 year backdated inflation increase of 75%. Then Chained COLA can kick
Panasonic
Dec 2012
#3
Is Obama batting the ping-pong ball back and forth until he can slam it to win the game?
Frustratedlady
Dec 2012
#7
I am not going to get concerned yet, as I think it is a political game and
Frustratedlady
Dec 2012
#22
not asking aggressively, but why precisely can't you imagine Obama would go against a huge majority
MisterP
Dec 2012
#32
It is also a stealth tax hike for the vast majority of us. The 1% skates again...
Luminous Animal
Dec 2012
#19
Just as Obama is "technically" a democrat. Disgusting sellout! Soc.S is self funded. Leave it alone!
In Truth We Trust
Dec 2012
#18