A New York Times editorial discusses these (at greater length than most editorials) and concludes that President Obama, having not gotten his tax concessions from Republicans as they did not get their lowered cost-of-living adjustments (COLAs), still seems "determined to include the COLA cut" in forthcoming negotiations... a policy evidently harmful to seniors currently receiving Social Security benefits and liable to be even more harmful as years go by.
If someone can give me a good answer why any Democrat should advocate striking such an obvious blow against seniors... the population cohort overwhelmingly most supportive of the Democratic Party (and quite possibly directly responsible for Mr. Obama's re-election)... I'd really like to hear it. Otherwise, this "chained CPI" approach is nothing but another failure of Democrats to act like Democrats... and thus another sharp stick in the eyes of senior citizens who have supported that party.
Showing posts with label COLA. Show all posts
Showing posts with label COLA. Show all posts
Sunday, January 13, 2013
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