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President Obama Reluctantly Embraces President Obama's Idea

JKinGA Wrote: Apr 06, 2013 9:49 PM
Way to race-bait, race-baiter.....

President Obama's budget proposal is due out next week. We've already got a relatively good idea of what he's going to propose - more spending, more taxes, maybe some hints of deficit reduction. It also looks like President Obama will propose a statistical adjustment to Social Security's adjustment formula - moving to the chained consumer price index (C-CPI) - that the Obama Administration has long portrayed as an important entitlement reform.

What is a C-CPI reform, exactly? It would peg Social Security cost-of-living adjustments to a different - and, economists say, more accurate - form of inflation. The practical effects...