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.
The cuts to Social Security benefits under such a recalculation would amount to about $112 billion over ten years.
Let's put this in perspective. In the offer Obama gave to House Speaker John Boehner (R-OH), he also put $100 billion of Pentagon spending cuts on the table for the same period.
We did polling in the swing states of New Hampshire and Virginia and found that voters overwhelmingly oppose cuts to Social Security benefits while they support cutting defense spending.
Obama should listen to the people.
We set up an ActBlue page to highlight and reward bold progressive members of Congress who are speaking out publicly against Social Security benefit cuts. Check them out and donate $3 to them here.
Click here to pledge to hold any Democrat who agrees to a deal that cuts Social Security, Medicare, or Medicaid benefits accountable.
Click here to call your Member of Congress and demand that they oppose this bad deal.