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Sure, Medicare and Social Security cost more, but spending on war and its infrastructure remains a titanic expense.
But on Thursday afternoon, Representative David Cicilline, a Democrat from Rhode Island, submitted a "concurrent resolution," which, "if passed by both chambers, would officially express the sense of the House and Senate that we should not use the chained C.P.I. to calculate Social Security" cost of living adjustments, a spokesman said.
Social security cost of employing workers.
Hence it affects reducing the social security cost.
Worse, his budget proposal included a plan to pare back Social Security cost of living increases (the so-called "chained CPI"), a shocking proposal for a Democratic President.
At the same time, maybe we should have the CBO score out the concomitant Social Security cost reductions that Foxx's fantasy would entail.
Similar(48)
The Social Security cost-of-living change, he said, did not go far enough.
Nixon made Social Security cost-of-living increases automatic, expanded food stamps and started Supplemental Security Income for the disabled and elderly poor.
Are you really unwilling to sacrifice your Social Security cost-of-living adjustment at a time when soldiers and Marines are sacrificing their lives for their country in Afghanistan?
These could fit within the framework Speaker John Boehner sketched out Monday afternoon: chaining Social Security cost-of-living increases to price inflation and increasing the Medicare Part B premium to 35 percent of costs.
President Bill Clinton negotiated Medicare savings with Congressional Republicans, and their 1997 deal nearly included the same proposal trimming Social Security cost-of-living increases that Mr. Obama has put in his budget to entice Republicans to compromise in turn.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com