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Chained CPI idea is out of touch

Published 12:06am Friday, March 8, 2013

One of the worst ideas to surface in Washington lately—and that is saying something—is the proposal to cut Social Security benefits by changing the way the cost-of-living is calculated.

This plan, the so called “chained CPI,” is often portrayed as just a technical fix. In fact, it would cut our hard-earned Social Security benefits substantially, leaving us seniors with less protection against increasingly expensive health care, prescription drugs and utilities. The only thing that is “cheap” is the talk of all the politicians who promised they would not cut Social Security benefits for current recipients.

The chained CPI breaks that pledge, cutting benefits for current seniors, and does it in a way that the longer we live, the more we lose.

In Mississippi, almost 600,000 of us are Social Security recipients. Of these, 33.9% rely on Social Security for 90% or more of their income and 58.2% rely on Social Security for 50% or more of their income.

The CPI already fails to take into account that seniors spend more on health care, which is rising much faster than overall prices. And this proposal assumes, wrongly, that when prices go up, seniors can simply plug in a less expensive substitute. But seniors spend much of our money on basics such as drugs, utilities and health care, which don’t have lower cost substitutes.

A chained CPI is out of touch with our daily lives. Let’s keep it out of the law.

 

Bruce W. Brice, Sr.

AARP Mississippi State President

Natchez

  • Anonymous

    This is a typical boehner, ryan, cantor, issa ploy to further screw the people who have worked all their lives and rely on SS. Just like some local twerps who are only for the wealthy.

  • http://www.natchezdemocrat.com khakirat

    Well folks when the 2014 elections come be sure to vote Democratic and also state offices for the Republicans are the bad folks trying to take SS and medicare from the people that have worked all their life to retire and receive!! The Republicans has been since they were Whigs the party of the very wealthy that don’t give a hoot for the middleclass but want them to work at below wages so they can make their millions off the shoulders of them!! I believe if the NO PARTY REPUBLICANS would step aside and let Obama do his economic plan things as this subject would even come up!! Example with the job market improving every month, the stock market now breaking records this week, and the majority of Americans see the economy is getting better and if only if the republicans would work with this president??!!

  • Anonymous

    The problem is not with the elderly on Social Security, or the disabled. The problem is with the able bodied adult that lives off of the system. That includes most of the politicians, both Republican and Democrat. Both parties do things simply to buy votes. It has spiraled out of control. I was raised to live within my means. If my means go down, so does my spending. Simply put. If I can’t afford it, I don’t buy it. Why should our government be any different?
    khakirat, you might have had some good thoughts, but for the life of me I can’t figure out what in the world you said.

  • Anonymous

    Um, how is all the free money going to be funded if we all live off the system? Obama socialism has been proven a failure in Russia and North Korea and now China is on the verge of collapse with their housing bubble. Maybe we can send them all our homeless to fill up those spaces, but I guess none of them would work then either, so they would need more government employees to figure out ways to raise taxes to be able to support the homies (since they aren’t homeLESS anymore). Hmm, sounds like Obamenomics doesn’t it? Working WITH Obama only accelerates the decline into depravity. National debt increased around $5T since he has been in office, it took over 200 years to get the first $10-12T sunk. Not sure that measure can be blamed on the Republicans since he did that even without their cooperation, how deep would we go if they DID cooperate?

  • Anonymous

    Uh, how do you work “at below wages” huh’??!!

  • http://www.natchezdemocrat.com khakirat

    Workers in towns as that of Natchez!!

    In a message dated 3/8/2013 11:37:55 P.M. Central Standard Time, notifications@disqus.net writes:

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    ubon70 wrote, in response to khakirat:
    Uh, how do you work “at below wages” huh’??!!

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  • http://www.natchezdemocrat.com khakirat

    I’m not going over old history that you republicans already know that the President inherited the depression state of the country as the republicans do all thru out history and the saving of our automobile industries and the financial corporations!! But I guess you republicans would rather see the nation in bad deep depression and people in soup lines and then to associate the work socialism to Obama isn’t correct!! Over 60 % of the people in the USA only have SS to rely on to make it during their retire years and not having a pension coming as many living in Natchez never had for that’s the reason the town and county is a SS , medicaid, medicare, and unemployment town and it very busy the first of the month huh’??!! The republicans want to take this from the nations people that were promised and they paid into all those years just to keep their wealthy friends more wealthy with write offs of loop holes , corp. jets, boats for a start just isn’t going to get it anymore!!

    In a message dated 3/8/2013 9:39:47 P.M. Central Standard Time, notifications@disqus.net writes:

    (http://disqus.com/)

    oldsouthgent wrote, in response to khakirat:
    Um, how is all the free money going to be funded if we all live off the system? Obama socialism has been proven a failure in Russia and North Korea and now China is on the verge of collapse with their housing bubble. Maybe we can send them all our homeless to fill up those spaces, but I guess none of them would work then either, so they would need more government employees to figure out ways to raise taxes to be able to support the homies (since they aren’t homeLESS anymore). Hmm, sounds like Obamenomics doesn’t it? Working WITH Obama only accelerates the decline into depravity. National debt increased around $5T since he has been in office, it took over 200 years to get the first $10-12T sunk. Not sure that measure can be blamed on the Republicans since he did that even without their cooperation, how deep would we go if they DID cooperate?

    _Link to comment_ (http://redirect.disqus.com/url?url=http://www.natchezdemocrat.com/2013/03/08/chained-cpi-idea-is-out-of-touch/#comment-823628453:7a- NxsW0vZe4pcrTOCbaEStWkJQ&impression=fc37043c-886a-11e2-bd59-003048dfbae6&typ e=notification.post.registered&event=email&behavior=click)

  • Anonymous

    Please name one thing the Republicans have prevented Obama from doing. The Democrats has super-majorities until one year ago, and still hold the majority in the Senate. Please, name ONE thing those wascawy wepubwicans have prevented Obama from doing.

    Again, if you actually bothered to read or watch the occasional press conference you would know that President Obama supports chained CPI. He is the one who put it on the negotiating table and it is HIS proposal. But, hey, don’t let facts get in the way of your Republican-bashing.

  • Anonymous

    Um, try Obama, Reid and Pelosi. Ignore the Democrats who propose it and bash the Republicans who support it. Those darned Republicans, using mind control devices to implant ideas into Democratic leaderships brains. Google is your friend, buddy. Well, maybe not in this case.

  • Anonymous

    Okay, thanks for the clarification as that of your post, huh’??!!

  • Anonymous

    Spot on, especially your last sentence.

  • Anonymous

    By the way, my Social Security benefit is deposited in the middle of the month. That’s when my yacht payment is due.

  • Anonymous

    You totally confused him with a logical question that went way over his head.

  • Anonymous

    Yep. I think he’s still working on his GED.

  • Anonymous

    Our means have not gone down. They have shifted into the hands of the super-rich.

  • Anonymous

    I see folks are brave enough to down-vote my comments but not so brave as to attempt to dispute the facts of this matter. Again, chained CPI was Obama’s idea and it is supported by Pelosi and Reid. During Obama’s dinner last week with Republican “leaders” (read dinosaurs), support of chained CPI was a topic of discussion brought forth by Obama. Sucks when your reflexive partisan bigotry and ignorance of political happenings comes back to bite you, huh? You guys were just SURE that Republicans were trying to force that on Obama when it was in actuality the other way around, not that Obama has to force anything on McCain or Graham for them to go along.

  • Anonymous

    I’m guessing you are one of those living off of the system. Are you not aware there has always been an upper class, or super-rich as you call them. The socialist America you seem to long for would have no upper class and then in turn would have no one to pay your bills for you, pay taxes for you, or provide jobs for the few of use that are still willing to work to earn money. You are partially correct. our means have shifted, but into the hands of those with their hands out wanting something for free.

  • Anonymous

    The problem, buzz, is that you do a lot of guessing and most of your guesses are wrong. “Are you not aware” you say…You truly are amusing, at least for a few minutes. The words “super-rich” have very little to do with class, much less “upper-class”. I do indeed agree with you that too many want and receive without work, but you don’t close the public library because books are stolen. You misdiagnose the problems, mischaracterize your “opponents” and inevitably arrive at a solution for the wrong problem. Fortunately for you and me, the few minutes of amusement you provide are up.

  • Anonymous

    How does that work, exactly? Let’s say, for the sake of argument, that you are correct. Please explain the mechanics by which your means end up in the hands of the “super rich”, whose wealth plummeted over 25% during the recession.

    Our means shift into the hands of politicians and their backers, sir. There are precious few, if any, middle class politicians in Washington. All leave richer than when they arrive, some to the tune of billions. This is about class. Not poor versus rich but the political class verses ordinary working-class Americans. Dynastic rule is upon us. The Kennedy’s, The Clintons, The Bushes, and now, I fear the Obamas. Michelle is making far too many TV appearances of late and a “Michelle 2016″ movement is gaining traction.

    Rich people are good at creating wealth, that is why they are rich. Playing “crabs in a bucket” and trying to keep them down will help nobody but it will make those consumed with envy feel better about themselves.

  • Anonymous

    I love to have intelligent conversations with intelligent people. It’s too bad they are so hard to find.

  • Anonymous

    And that’s why you plan for retirement. If you are planning on living off of Social Security, you are truly in for a rude awakening. At the end of the day you are responsible for yourself.