obama chained cpi
In every successful struggle there's a time to celebrate a hard-fought victory. When it comes to Social Security, this is not that time.
For 58 million Americans, the Social Security system works satisfactorily. Therefore, many were surprised when President Obama suggested a fix, using the chained CPI for the cost-of-living adjustment. What's wrong with the Social Security system?
I have heard Obama defenders say for years that he's a really smart guy, so they trust him to do what's right -- that he's playing 12-dimensional chess and as the meme has it -- "he's got this." But can't one be a generally smart guy and still ultimately think some really dumb things?