Wednesday, December 19, 2012

What Barack Obama's pet accounting gimmick would do to us

Here's the answer in one chart; the fine print points out this starts from the "Chained CPI" standard being in place for three years. So if you are, say, currently 62 and plan to take Social Security at 65, this is your future.

Why is Obama willing to give this to obstructionist Republicans? Damned if I know. If he does give it in the course of current fiscal negotiations, he better explain the truth: both Democrats and Republicans are signing on to force 90 year old ladies to get by on cat food.

1 comment:

Rain Trueax said...

We supported him but I have to admit some of it was who the other side was. Still this is very very disappointing. If he thinks he will have a reputation as a great president by selling out the poor and the old, he's got another thunk coming!