Rep. Hank Johnson (D-GA)

There are now multiple press reports that President Obama will agree to a fiscal deal that enacts a so-called ai???Chained CPIai??? to calculate Social Security and veteransai??i?? benefits.Ai??Under this plan, ai???a person age 75 in the future will get a yearly benefit thatai??i??s $653 lower after ten years of chained CPI than that person would get under the current formula. An 85-year-old will have $1,139 less to live on.ai??? This represents a huge cut to benefits.

Democratic Congressman Hank Johnson (GA) pointed out on Twitter that Social Security doesn’t even add to the deficit and asked, “Why are we even talking about it?”

Here’s the answer: we shouldn’t be, and President Obama should back off this bad deal.

We set up an ActBlue page to highlight and reward bold progressive members of Congress who are speaking out publicly today. 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.