Social Security & Medicare
In reply to the discussion: "You can't call yourself a Democrat and support Social Security benefit cuts" [View all]BlueCaliDem
(15,438 posts)no longer Democrats? Or Progressives?
Because they endorse chained CPI. Yep.
Unlike DFA Stoka's (and other progressive PACs') misinformed insinuation, I still consider myself very much a Democrat.
The Chained CPI would create a minimum baseline for Social Security benefits so that no one who works their whole life has to live in poverty in their retirement. Now pay attention here: the minimum benefit would be above the poverty line, for the first time fulfilling the promise of Social Security to end elderly poverty and actually boosting benefits for the lowest wage workers, which the protectors of the Entitlement Status Quo {like Stoka} are effectively against.
Lo and behold, President Obama's proposal has received the endorsement by The Center for Budget and Policy Priorities, one of most well-respected liberal think tanks on policy analysis, and the Center for American Progress, Washingtons most powerful liberal think tank, the latter having recommended the chained CPI in its comprehensive Social Security reform plan.
Together with the chained CPI, President Obama's proposal will include savings {propagated as "cuts" by corporate media to frighten the masses} to Medicare (he's already expanded Medicaid through the Left and Rightwing fringes most hated program, ObamaCare}, and the package will do the following:
1: Add life to the Social Security and Medicare trust funds.
2: Wipe out poverty forever for the poorest when they retire after a lifetime of backbreaking, minimum wage work.
3: Force pharmaceutical companies to stop raiding our treasury for seniors' medications.
4: Ask the wealthiest seniors {you know? Like McCain} to pay a higher Medicare premium.
5: Close tax loopholes for the rich.
6: Institute universal preschool.
To do nothing, we are looking at a projected 25% cut in benefits in 2033, according to the SSA Trustee Report of 2012.
The president's proposal would also boost benefits at age 85. It would ensure that the people most at risk of running out of their savings are taken care of. Those in the greatest need would see their benefits increase under the president's proposal while closing tax loopholes for the wealthy, strengthen Medicare through savings. It will also institute universal Pre-K that, studies have shown {RAND Corporation and the Academy of Pediatrics studies} that for every dollar invested in early-childhood intervention, society reaps $7 in benefits in the form of reduced dropout rates, delayed pregnancy, reduced anti-social (criminal) behavior, etc.