A Cap on Social Security?

February 18, 2015

The White House recently stated that President Obama is willing to discuss with Republicans a measure to limit the growth of Social Security benefits, a proposal that Mr. Obama didn’t even include in his fiscal 2016 budget plan after it drew a hostile reaction from Democrats.

For the second straight year, Mr. Obama failed to include in his budget the so-called “chained CPI” proposal, which would change the inflation formula used to determine cost-of-living increases in Social Security checks. The nonpartisan Congressional Budget Office has said it would save more than $230 billion over a decade and reduce deficits.

Democrats have been the most vocal critics of the proposal, but White House press secretary Josh Earnest blamed the GOP Tuesday for the administration not pursuing the initiative.

“We’re certainly open to that conversation with Republicans if they want to have a genuine conversation about strengthening Social Security,” Mr. Earnest said. “But frankly, we’ve not gotten a lot of serious willingness on the part of Republicans to engage in that conversation.”

Read more: http://www.washingtontimes.com/news/2015/feb/3/obama-will-talk-social-security-cap-with-gop/#ixzz3S3WeoKJr

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