Tag Archives: Centrist Hack Pundit Community

WaPo Editors Super Excited About Chained CPI Cuts To Elderly Benefits, Giving GOP Political Cover

By The Huffington Post News Editors

If President Barack Obama‘s budget offer is primarily an attempt to win over members of the Centrist Hack Pundit Community, and perhaps get them to train their fire on congressional Republican instransigence instead of constantly indulging in leadership surrealism, here’s some good news: The Washington Post editorial board is on board. Sure, chained CPI does not nearly go far enough in depriving Social Security recipients of the money that helps stave off destitution, but it’s a rollicking good start, apparently:

Though far from perfect, the budget President Obama released Wednesday represents the best hope for replacing sequestration with a bipartisan deficit-reduction deal before the federal government hits its statutory borrowing limit in late summer — and before Congress gets paralyzed by the politics of the 2014 elections.

The editors, naturally, refer to the chained CPI cuts, as well as reductions to Medicare, as the “most important” parts of the deal. (More important even than sparing the country from “excessive domestic-spending cuts falling most heavily on those Americans least able to afford them.” They are a little put out, however, that even as Obama offers these cuts to earned benefit programs, he doesn’t seem to actually want it bad enough, in his heart of hearts: “Mr. Obama too often casts entitlement reform as a concession to extract Republican assent to higher taxes, rather than a worthy end in itself.”

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More on Obama’s Budget

Source: FULL ARTICLE at Huffington Post