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Sat Feb 23, 2013, 10:12 PM

I owe some DUers an apology. [View all]

Yesterday I posted about the President's latest offer to implement the "chained CPI", which is now being called a "superlative CPI" by the Obama administration.

A few astute DUers pointed out that since the White House did not specifically say that their latest chained CPI offer would be used to reduce Social Security, they may have other purposes in mind. So while Obama has specifically offered to cut Social Security using the chained CPI in the past, I jumped the gun on this one.

According to Senator Sanders, there are also two other uses of the chained CPI that would not, apparently, be so nefarious:

1. Cutting benefits earned by disabled veterans
2. Increasing taxes, with those earning $30,000-$40,000 getting hit the worst

I regret the error, and I hope that you'll accept my apology. I've certainly made my share of mistakes, and acknowledge that this was a big one.


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