Dean Baker has nailed. It does not make sense to cut Social Security by using the chained CPI. As he points out, that would hurt seniors and reduce their purchasing power. That impact would reduce economic activity throughout the economy and slow job growth.
The Republicans become deficit hawks every time that a Democrat is in the White House but spend like drunken sailors when there is a republican occupying the Oval Office. Ronald Reagan tripled the national debt in 8 years, Bush 1 added even more and Bush 2 doubled the national debt and left the country in a deep recession and huge deficits. It is time that the general public woke up to the fact that they are only trying to protect the rich from further tax increases which we would need if we really want to balance the budget.
Read the Article at HuffingtonPost
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