Thursday, November 21, 2013
Elizabeth Warren Nails It On Social Security (VIDEO)
"Add Sen. Elizabeth Warren (D-MA) to the growing chorus of voicescalling for the expansion of Social Security benefits.
The progressive favorite implored Democrats on the Senate floor Monday not to chain Social Security benefits to the rate of inflation or the rise in prices, which is known in shorthand as the Consumer Price Index.
Warren said it's "simply not true" that these benefits must be chained to the CPI, as President Barack Obama has proposed, adding that "it's just a fancy way of saying 'cut benefits.'"
Instead, she suggested that Social Security benefits should be raised to levels that account for the impact of inflation on seniors, which grows quickly under the Bureau of Labor Statistics' experimental CPI-E metric...".