If President Obama Were King
In response to a question regarding President Obama’s forthcoming budget and the possible implications of using a chained-CPI for Social Security benefits, White House spokesman Jay Carney said, “This is not the president’s idealized budget. It is not what he would do if he were king or if only people who supported his proposals were in Congress.”
Essentially, Carney blamed the constitutional limitations on Mr. Obama’s presidential powers for the fact that the President has proposed some very modest Social Security reforms in the budget he’ll introduce on Wednesday.
President Obama, arguably one of the most liberal presidents the United States has seen, is under attack from liberal groups who oppose the chained-CPI. Chained-CPI is a means of calculating inflation more accurately – about 0.2 or 0.3 percentage points more slowly — than the standard CPI to make cost-of-living adjustments to Social Security Benefits.
The people that are angry about the chained-CPI don’t want any reforms to Social Security, Medicare, or Medicaid. They turn a blind eye to the crushing expenses of these programs and embrace Obamacare, but consistency and logic are often absent in Washington.
Sadly, liberals take an overly simplistic view of the challenges we face with regard to Social Security and every other federal entitlement program.
Luckily, we live in a constitutional, democratic republic and President Obama is not King Obama. Because then Social Security’s demise would be all but certain.