chained CPI

Strengthen Social Security and Medicare — Don’t “Reform” Them

Posted on 06/19/2013 by |AARP Media Relations Team | Comments

PoliticsThis initially ran in The Huffington Post. In the Washington Post this week, Editorial Page Editor Fred Hiatt writes about the need to “reform entitlements.”  Last week, AARP volunteers from every state in America came to Capitol Hill to ask their Democratic, Republican and Independent members of Congress to strengthen Social Security and Medicare by coming up with responsible solutions. Those who create the messages around recent attempts to cut Social Security benefits have also called for “entitlement reform.”  With …

Is Poverty Among Older Americans Undercounted?

Posted on 05/24/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsPoverty levels are much higher for older Americans when you factor in how much they need to spend on health care, the Census Bureau has found. While 9 percent or so of all Americans 65 and older were below the official poverty threshold in 2011 ($10,788 for an individual), 15 percent were below an alternative threshold that takes into account spending on health care. The alternative measure also takes into account variations in the cost of living, taxes, whether a …

The Walk to Walden’s Woodshed and Other Contradictions in the Obama Budget

Posted on 04/24/2013 by |AARP Media Relations Team | Comments

PoliticsIt’s news these days that the President has dinner with members of Congress. Had President Obama enjoyed more meals or even an occasional beverage with some members of Congress in both parties, he might have found out that putting the Chained CPI in his budget could derail his entire legislative agenda because of the passions roused in both Democrats and Republicans against the proposal.     One of the key messages coming from the White House when the President’s usual …

Chained CPI: 4 Opinions From the Press

Posted on 04/22/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsIt’s not only politicians who have mixed reactions to a different way of calculating cost-of-living adjustments to Social Security benefits. Newspaper editorial writers and columnists are conflicted, too. The chained consumer price index, included in President Obama’s budget proposal, would mean that seniors’ checks would go up a little slower each year. The chained CPI assumes that as prices go up, consumers buy cheaper substitute goods to make up for it. Here’s how it’s playing among the mainstream press’s opinion …

Why the Chained CPI is Wrong for Social Security

Posted on 04/11/2013 by |AARP Blog Author | Comments

PoliticsYesterday, the President included Social Security cuts in his budget through a proposal called the “chained CPI”. Let’s take a minute and break down exactly what that means: The chained CPI would modify the way the cost-of-living-adjustment (COLA) for Social Security is calculated, cutting benefits by $127 billion dollars over the next 10 years alone. That comes out to over $2000 in lost benefits for the average senior. Some have tried to defend this unprecedented inclusion of Social Security benefit …

Illinoisans Detest President Obama’s Chained CPI Budget Proposal

Posted on 04/5/2013 by |All the news that matters for Illinoisans over 50. | Comments

PoliticsIf Chained CPI is included in the President’s budget proposal, as is being reported today, President Obama is laying out a clear marker that he is willing to cut Social Security and other benefits to balance the budget, which breaks a promise he made when he was elected to office.  On September 6, 2008, Senator Barack Obama told AARP members: “John McCain’s campaign has suggested that the best answer for the growing pressures on Social Security might be to cut cost of …