Political Quotes

“Mr. Speaker, I rise today on behalf of the Congressional Progressive Caucus. We are here today to talk about a specific item in the President's budget, and that item is the chained CPI in Social Security. The chained CPI is an idea that originated with the Republicans and was included in the President's budget as a way to try to convince them to come to the table and have a budget for the Nation. But the chained CPI is more than that. We have a problem with the way the chained CPI works. Chained CPI. No one in the real world talks about chained CPI. It's like sequester. I don't know a single person who tells their child, I'm going to sequester your toys. Chained CPI is another Washington idea. What that idea is, in layman's terms, is essentially a cut in how people will receive the cost of living increase for Social Security. A real important way to talk about this is currently the consumer price index is how we determine any increases to people who receive Social Security. {time} 1530 When you do the chained CPI, it takes the rate that we provide for that cost of living increase and changes the cost of living increase in a different way that makes it a smaller increase for people who receive that. The problem is specifically for seniors and disabled and children who are receiving Social Security.…”