Obama

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

Politics | Your LifeIf 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 …

FAQs: How Do Competing Budgets Compare on Health Care Savings?

Posted on 03/13/2013 by | News | Comments

Bulletin Today | PoliticsFrom Kaiser Health News Republican and Democratic leaders from both chambers of Congress this week offered competing budget proposals that both look for savings in health care. KHN’s Mary Agnes Carey talks with Jackie Judd about what’s next for the proposals, and what President Obama could offer himself. > > Listen to the audio or read a transcript below. Jackie Judd: Good day, this is Health on the Hill. I’m Jackie Judd. Congressional budget leaders have now laid out their vision for federal spending …

Applying for Obama Health Care Plan Not Easy

Posted on 03/13/2013 by | General News | Comments

Bulletin Today | Personal HealthBy Ricardo Alonso-Zaldivar of The Associated Press WASHINGTON (AP) — Applying for benefits under President Barack Obama’s health care overhaul could be as daunting as doing your taxes. The government’s draft application runs 15 pages for a three-person family. An outline of the online version has 21 steps, some with additional questions. Seven months before the Oct. 1 start of enrollment season for millions of uninsured Americans, the idea that getting health insurance could be as easy as shopping online …

GOP Budget Takes Aim Again at Obamacare, Medicare

Posted on 03/12/2013 by | General News | Comments

Bulletin Today | PoliticsBy Andrew Taylor of The Associated Press WASHINGTON (AP) — House Republicans unveiled their latest budget outline on Tuesday, sticking to their plans to try to repeal so-called Obamacare, cut domestic programs ranging from Medicaid to college grants and require future Medicare patients to bear more of the program’s cost. Related: Read AARP reaction to Paul Ryan’s newly announced budget proposal The point is to prove it’s possible to balance the budget within 10 years by simply cutting spending and …

Obama, GOP Seek Spending Deal — Medicare Fight Looms

Posted on 03/6/2013 by | General News | Comments

Bulletin Today | PoliticsBy David Espo, Special Correspondent, The Associated Press WASHINGTON (AP) — The Obama administration and congressional Republicans are quietly working in tandem to blunt the impact of short-term spending cuts that kicked in with dire White House warnings a few days ago, with both sides eager to pocket the full savings for deficit reduction as they pivot to a new clash over Medicare. The overall size of the cuts remains in place: $85 billion in reductions through the end of …

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