31 Dec '12, 12pm

Democrats' chained CPI gambit:

« Overnight Open Thread (12-30-2012) | Main | Last Day Of 2012 News Dump » December 31, 2012 Top Headline Comments 12-31-12 Happy Monday. Over the weekend you may have heard something about "chained CPI" and social security benefits. Chained CPI (consumer price index) is an inflation index, one that many folks on both the right and the left have advocated for, both because it is more accurate and because it would reduce the growth in Social Security payments a bit. Chained CPI came up over the weekend because Democrats lost their leverage. Until this weekend, the Democrats, with the help of their media allies, had portrayed the major stumbling block to a fiscal cliff deal as Republican intransigence on tax hikes for the wealthy. That ended this weekend because Senate negotiators were openly shooting for about a $400,000 threshold for the Bush tax cuts to expire. In other w...

Full article: http://ace.mu.nu/archives/336129.php

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