By Tom Quiner
The president’s budget is a disaster.
He raises taxes and he increases spending. However, Mr. Obama actually attempts to do something about Social Security by changing the way it is indexed to inflation. He proposes adopting a “chained CPI” index which would moderate automatic benefit increases for Social Security recipients.
Republicans have been begging for entitlement reform. Republicans know that if we don’t get entitlements under control, we have no chance of warding off a fiscal armageddon. The sequester cuts are a side show, pocket change so to speak, to the serious business of getting America’s finances secure.
Mr. Obama actually did SOMETHING that will help a little, and then a Republican takes his head off for it. Rep. Greg Walden (R-OR) — who is chairman of the House GOP’s re-election committee, launched this attack, suggesting this new indexing formula …
“… lays out a shocking attack on seniors. I’ll tell you when you’re going after seniors the way he’s already done on Obamacare, taken $700 billion out of Medicare to put into Obamacare and now coming back at seniors again, I think you’re crossing that line very quickly here in terms of denying access to seniors for health care in districts like mine certainly and around the country.”
Congressman Paul Ryan, the most respected fiscal analyst in the Congress, was more circumspect. He expressed an interest in studying the president’s plan in more detail, adding:
“I think the president should be commended for leaning into an issue that is not popular.”
I encourage Republicans to avoid politicking this issue.