Relevant and even prescient commentary on news, politics and the economy.

Seniors and chained cpi

by Linda Beale Robert Reich: Chained CPI Makes No Sense For Seniors With MoveOn.org, Robert Reich has produced a new video on the proposed change to Social Security that would REDUCE BENEFITS for seniors and wreak the most havoc on the most vulnerable.  As he notes in the video, the proposed change–which the Obama Administration […]

Three guesses on where chaining the CPI came from

It’s history lesson time again. An awful lot of talk and writing about the chained CPI has been focused on the results of its implementation on Social Security. Using this formula for figuring the cost of living ends up reducing the money citizens will receive in their SS checks. One of our commenters, Denis Drew […]

Social Security and the current fad of being balanced and comprehensive

Salon writer  Natasha Lennard reports that a sticking point around Social Security stalled ‘fiscal cliff’ back and forth rejoinders between the two parties, but also points out that the topic continues to be on the table (and has been offered by President Obama before these talks a couple years ago).   Notice both parties using the […]