For those interested...
The most controversial item in Obama’s new budget (65 days late) is a plan to cut Social Security benefits via something called a “chained CPI.”
The chained CPI is a way of recalculating the growth of benefits by using an inflation index that doesn’t go up as fast.
Republicans supported this idea during the fiscal cliff negotiations and they said it could be the prelude to a sweeping budget deal that included new revenues.
Read about that a while back. Figured that it was some sort of gimmick, one that HE proposed, but that it wasn’t very popular with the dem’s.
In and of itself, that's not bad. It's obvious that SS growth will have to be limited. What's bad is that it's a less honest way of curtailing the growth than making SS benefits taxable for the better off (not that I like that either), and what's worse is that Obama wants to direct the savings from the old to his favored groups--the underclass, the illegals, and the unions.
When Obama talks about investment in infrastructure and education, he's talking about above-market wages paid to contractors and teachers/indoctrinators, not the building of meaning physical or intellectual capital. Who pays for it? The less favored--the "wealthy" and under this proposal, the elderly.