GOP: Don’t take Obama’s chained-CPI bait!
Hoping a new charm offensive will seal an elusive grand bargain with House Speaker John Boehner, President Obama is banking that his proposal to index Social Security benefits according to a “chained” Consumer Price Index will be a game changer. The debt-obsessed Simpson-Bowles political establishment is cheering, but make no mistake: There is absolutely nothing in Obama’s 2014 budget for any true Republican to love. Especially not his plan for cutting Social Security, which is nothing more than a cleverly baited political trap.
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