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Lindsey Graham: Obama is ‘showing a little bit of leg’ with Social Security cuts
Republican South Carolina Sen. Lindsey Graham on Sunday praised President Barack Obama’s budget that reportedly cuts future increases to earned benefits programs like Social Security and Medicare. Several media outlets reported last week that the White House would adopt chained CPI, a less generous way of calculating Social Security cost-of-living…
Liberals fuming over Social Security cuts in Obama’s budget proposal
President Barack Obama will make key concessions to Republican foes next week when he unveils his US budget that proposes cuts to cherished entitlement programs, the White House said Friday. Obama’s fiscal blueprint slashes the deficit by $1.8 trillion over 10 years, in what a senior administration official described as…
Krugman to Ron Johnson: ‘Your facts are false’ and ‘non-facts’
Nobel Prize-winning economist Paul Krugman on Sunday accused tea party-backed Sen. Ron Johnson (R-WI) of using “non-facts” to argue that earned benefits programs like Social Security and Medicare needed to be cut in order to be saved. “Unless we do something, these programs are going broke,” Johnson opined during a…
Grayson: Obama must not give in to GOP’s ‘unquenchable thirst to hurt the needy’
Rep. Alan Grayson (D-FL) and freshman Rep. Mark Takano (D-CA) announced Wednesday that they are drawing a “line in the sand” with President Barack Obama on cuts to social programs and possible deals to end the sequester. Grayson said that certain cuts are unconscionable and that progressives must rally against the…
Casino exec. Gary Loveman calls for Social Security cuts
Gary Loveman, CEO of Caesars Entertainment Corporation, said Wednesday that Congress should cut programs like Social Security rather than raise taxes. He said on Fox News that he couldn’t understand why some advocated for higher taxes on the wealthy rather than cuts to safety net programs for the elderly. “We…
Coburn: Debt ceiling breach is ‘a wonderful experiment’ to shut down ‘stupid things’
Economists like Nobel prize-winner Paul Krugman have warned that Republicans could “blow up the world economy” if they refuse to raise the nation’s debt ceiling but Sen. Tom Coburn (R-OK) disagrees, saying that it could actually be a “wonderful experiment.” During a Tuesday interview with conservative talk show host Sandy…
Progressive warns of ‘nuclear war’ if Democrats back safety net cuts
Progressive activists fired a shot across the bow of congressional Democrats on Wednesday, warning them to protect Social Security, Medicare and Medicaid or face a primary challenge. Adam Green, the co-founder of the Progressive Change Campaign Committee, said Democrats would face a “nuclear war on the left” if they supported…
GOP backs off Social Security in fiscal cliff talks
Republicans have decided to take a proposal to alter Social Security off the table in an attempt to reach an agreement on the fiscal cliff, reported the Huffington Post. Many Republicans in Congress want to change Social Security so that it is tied to a chained consumer price index (CPI)…
Harris-Perry guest: Potential change to Social Security ‘absolutely a cut’
On Melissa Harris-Perry on Sunday, panelists discussed the fact that Social Security was on the table in fiscal cliff negotiations — which has “progressives calling foul,” said guest host Joy Reid. She discussed a proposed plan to divorce Social Security benefits from cost of living increases and tie them instead…
Kucinich: Obama’s Social Security cuts mean a ‘Cat Food Christmas’ for seniors
Rep. Dennis Kucinich (D-OH) on Thursday blasted President Barack Obama’s reported plan to cut Social Security by linking cost-of-living increases to the Chained Consumer Price Index — or “Chained CPI.” Earlier this week, Republicans told the The Associated Press that Obama had offered to use the chained CPI metric to…
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