Robert Reich on Chained CPI (Obama’s proposal to cut Social Security benefits)
In an effort to assuage Republicans and entice them to sign on to long-term deficit reduction with increased revenues, President Obama proposes to throw under the bus the generation he lauded in his inaugural address.
Apparently, President Obama quickly forgot his own inaugural words:
“We reject the belief that America must choose between caring for the generation that built this country and investing in the generation that will build its future. For we remember the lessons of our past, when twilight years were spent in poverty, and parents of a child with a disability had nowhere to turn.”
Reich established this petition to the President:
Mr. President, the chained CPI is a cut to Social Security benefits that would hurt seniors—it’s an idea not befitting a Democratic president. If you want to reform Social Security, make the wealthy pay their fair share by lifting the cap on income subject to Social Security taxes.
If you agree, please sign this petition, then share with your friends.