obama social security
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Republicans are determined to gut Social Security, while Democrats have yet to flatly reject budget cuts or endorse its expansion as part of the party platform. This means that there are two possible futures for Social Security.
The question is, why? Social Security may be the single most efficient benefit program -- public or private -- in the country. Its annual operating expenses are less than 1 percent of overall costs, a figure which private sector programs should envy.
If the chained CPI was merely a one-time fakeout which had already been discarded, why were the president's aides so evasive on the topic in recent weeks? This has all the hallmarks of a last-minute decision, driven by escalating political heat from the left.
As it became clear during the first week of the shutdown that the president was not going to sacrifice access to quality health insurance for millions of Americans, Republicans realized they had to redraft their ransom note.