Reply #27

In the discussion thread: AP Sources: New Obama Offer Moves Toward Boehner [View all]

Mon Dec 17, 2012, 09:27 PM

plethoro (594 posts)

27. A chained CPI cut is disastrous. It will result in an approximate $40,000 to

$50,000 cut for the average life duration of a recipient--WITH NOMINAL INFLATION! If inflation rears its ugly head, which it is going to do because of all the low interest rates, that cost to the average recipient will be many times more. Prices on goods and services go up, but the chained CPI multiplier keeps the rate increase down. The older a person lives being on Social Security, the worse shape that person will be in. This has all been calculated by people way smarter than me with better equipment than I have. This was the plan all along.

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68 replies	Author	Time	Post
AP Sources: New Obama Offer Moves Toward Boehner [View all]	michigandem58	Dec 2012	OP
peace for our time...aka peace in our time.... nt	msongs	Dec 2012	#1
if he undermines the effectiveness of his own health care reform, i'll be pissed	CreekDog	Dec 2012	#47
Sellout	QUALAR	Dec 2012	#48
I FORGOT	QUALAR	Dec 2012	#49
you didn't vote for him in 2012?	CreekDog	Dec 2012	#56
A piece of my Social Security (which I paid for twice) will be transferred to the uber rich.	fasttense	Dec 2012	#65
So we have to give up more to get less?	aandegoons	Dec 2012	#2
Now all he has to do is make McConnell happy.	rug	Dec 2012	#3
Sounds like a win all around for Republicans	high density	Dec 2012	#4
Capitulation sucks ...	humbled_opinion	Dec 2012	#12
The thing is that under the original plan	high density	Dec 2012	#15
Agree..... n/t	humbled_opinion	Dec 2012	#17
You got it!.......nft	plethoro	Dec 2012	#20
The suspense is over. The screwing over begins.	MotherPetrie	Dec 2012	#5
Go off the effing cliff!!	NeoConsSuck	Dec 2012	#6
So he is moving away from what the people want?? I say let them all expire. NO DEAL	on point	Dec 2012	#7
This is fucking ridiculous	ProSense	Dec 2012	#8
Thats a good question	quakerboy	Dec 2012	#38
"Obama is proposing lower cost-of-living adjustments for Social Security" n/t	PoliticAverse	Dec 2012	#9
This is bull shit	newfie11	Dec 2012	#14
Switching to the 'Chained CPI' has repeatedly come up as a possible change to	PoliticAverse	Dec 2012	#22
A chained CPI cut is disastrous. It will result in an approximate $40,000 to	plethoro	Dec 2012	#27
Indeed the Chained CPI understates inflation, especially for Seniors. n/t	PoliticAverse	Dec 2012	#29
Most here do not understand how	plethoro	Dec 2012	#32
An extensive DU post on the chained CPI can be found here...	PoliticAverse	Dec 2012	#44
Thanks. I just wrote a less sophisticated one on this board and another. Here.	plethoro	Dec 2012	#46
Blink	chuckstevens	Dec 2012	#10
Ditto to the blink.	SoapBox	Dec 2012	#16
I'm washing my hands of the so called "fiscal cliff"	bluestateguy	Dec 2012	#11
marginal Tax rates for those over $400,000	blueclown	Dec 2012	#13
This President!? Capitulate!?	villager	Dec 2012	#18
A compromise is when no one is happy.... this may be it.... n/t	Mr Peabody	Dec 2012	#19
WTF?	xxqqqzme	Dec 2012	#21
longer washington post article	alp227	Dec 2012	#23
here we go again	SHRED	Dec 2012	#24
Dear Seniors, Merry Christmas! Love, BO	forestpath	Dec 2012	#25
Quit putting it on Obama.	John2	Dec 2012	#26
I agree with most of your post, but as	plethoro	Dec 2012	#28
Kerry was not for Vietnam - he spoke of how it could be a mistake in his 1966	karynnj	Dec 2012	#34
The one thing I will require is that	humbled_opinion	Dec 2012	#35
"Primary Every Democrat".... Once again, more from the LeftWingTeaParty. NEVER GONNA HAPPEN.	RBInMaine	Dec 2012	#60
This message was self-deleted by its author	bucolic_frolic	Dec 2012	#30
WHO are the SOURCES?	Historic NY	Dec 2012	#31
The The Huffington Post is reporting that it's from an anonymous source.	totodeinhere	Dec 2012	#39
They didn't say it was from 'an anonymous source', but rather...	PoliticAverse	Dec 2012	#43
I just heard it	NeoConsSuck	Dec 2012	#58
Damn cavalier position to take on other people's pain. Time to make it harder to think like that.	jtuck004	Dec 2012	#33
Like I said	John2	Dec 2012	#37
Representatives do what enough people tell them to do. In the absence of people pressure	jtuck004	Dec 2012	#54
I hope this isn't true.......if it is.....this SUCKS.....go over the offing cliff then.......BS	KewlKat	Dec 2012	#36
i agree. If this is true, I'd rather we go over the cliff.	Owl	Dec 2012	#61
So much for the "new, improved" WH!	blkmusclmachine	Dec 2012	#40
Considering how many times they've gotten it wrong	BlueCaliDem	Dec 2012	#41
Who "won" the election?	RUMMYisFROSTED	Dec 2012	#42
So during the Campaign they villify Obama for cuts to Medicare	Mr.Bill	Dec 2012	#45
+10	SHRED	Dec 2012	#53
A friendly reminder...	iandhr	Dec 2012	#50
Obama is a wolf in sheeps clothing! He is backing cuts to Social Security!	In Truth We Trust	Dec 2012	#51
WHY IS SOCIAL SECURITY INVOLVED HERE?	SHRED	Dec 2012	#52
The Payroll tax cut repeal would add to SS wouldn't it?	NNguyenMD	Dec 2012	#55
FUCK THAT!	Fearless	Dec 2012	#57
Abandon a very detailed plan for no plan at all?	Hugin	Dec 2012	#59
No mention of cuts to our bloated Military Industrial Complex.	Owl	Dec 2012	#62
I wouldn't be frustrated if this was "the best and final offer"	nolabels	Dec 2012	#63
Nice as the CEO get richer	Rustycup	Dec 2012	#64
If true, this is why I'm no longer a Democrat. n/t	Dawgs	Dec 2012	#66
Expect another shellacking come 2014	durablend	Dec 2012	#67
obama almost gave the election away because of a ridiculous first debate. now he can help	samsingh	Dec 2012	#68

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