There are now multiple press reports that President Obama will agree to a fiscal deal that enacts a so-called “Chained CPI” to calculate Social Security and veterans’ benefits. Under this plan, beneficiaries would get cuts in their cost of living adjustments. Outraged Congressional Democrats have been speaking out for days against these cuts. A defiant Congressional Progressive Caucus -- with 75 Members in the House -- vowed to vote against such a deal, calling it a definite "benefit cut."
During an interview on The Young Turks' Cenk Uygur last night, Progressive Caucus Co-Chair Rep. Keith Ellison (D-MN) reiterated his opposition to chained CPI and benefit cuts, saying that his caucus will not vote for a deal that has them:
ELLISON: Well the first thing that we can do is to let them know that we will not be voting for any cuts to Medicare, Medicaid and Social Security. We've already fired off a whole number of missives on that exact point, we're making our position very clear, we're organizing caucus members, we've got a letter with 102 people on it, saying that we will not vote for anything that cuts Social Security, communicating that to our leadership and the White House. We're firm on that. We're talking internally to make sure the people are going to stay strong. And that's what we're doing, we're letting folks know where we stand so they can go back and recalculate and come up with something else. Because we're not going to solve these fiscal problems of the backs of the seniors, of the disabled, of the survivors.
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