
(Photo credit: Fort Rucker)
As a part of fiscal negotiations, President Obama has offered to calculate both veterans and Social Security benefits with a “Chained CPI,” which would involve huge cuts to both programs.
Seventeen different veterans organizations wrote an open letter to Congress opposing this change last week, before Obama endorsed it. The full letter is below as well as the different organizations that have endorsed it:
As efforts to address our nationai??i??s debt continue, we are writing to express our opposition toAi??changing the formula used to calculate the annual cost of living adjustment (COLA) because of
the harmful effects it will have on veterans and Social Security benefits.Ai??The Congressional Budget Office estimates that adopting the chained consumer price indexAi??(CPI) to calculate annual COLAs could save the government $208 billion over ten years byAi??reducing Social Security, disability, and other benefits, and by increasing revenues. More thanAi??half of this amount ai??i?? $112 billion ai??i?? would come from Social Security cuts, which veterans relyAi??on very heavily for both retirement and disability benefits. Another 11 percent of the savings ai??i??Ai??$24 billion ai??i?? would come from VA benefits, civilian pensions, and military retirement pay.Ai??We estimate that use of the chained CPI would have a significant effect on benefits that millionsAi??of veterans depend on in the following ways:Ai??Social Security Retirement Benefits: Social Security is one of our nationai??i??s most important
programs serving veterans and their dependents and survivors. It currently pays benefits to overAi??9 million veterans ai??i?? about 4 in 10. The average retirement benefit of a veteran receiving Social
Security was about $15,500 in 2010. Adopting the chained CPI would significantly reduceAi??those benefits, by changing the manner in which COLAs are determined. A veteran with
average earnings retiring at age 65 would get nearly a $600 benefit cut at age 75, …
 
       There are now multiple press reports that President Obama will agree to a fiscal deal that enacts a so-called “Chained CPI” to calculate Social Security and veterans’ benefits.
There are now multiple press reports that President Obama will agree to a fiscal deal that enacts a so-called “Chained CPI” to calculate Social Security and veterans’ benefits. 

 We now know that the AR-15, a combat weapon not designed for hunting or personal defense, was the weapon used in the tragic Sandy Hook killings.
We now know that the AR-15, a combat weapon not designed for hunting or personal defense, was the weapon used in the tragic Sandy Hook killings.



 In the wake of the horrible mass shooting at Sandy Hook, many Americans are rightly asking their elected officials to begin to debate serious legislation that could help prevent such tragedies in the future. Ranging from a variety of gun control reforms to mental health legislation, these various policy options are entirely reasonable to debate in the wake of a series of mass shootings this year.
In the wake of the horrible mass shooting at Sandy Hook, many Americans are rightly asking their elected officials to begin to debate serious legislation that could help prevent such tragedies in the future. Ranging from a variety of gun control reforms to mental health legislation, these various policy options are entirely reasonable to debate in the wake of a series of mass shootings this year.
 Corporate lobbyists and their allies on Capitol Hill have a terrible new idea: hiking the Medicare eligibility age from 65 to 67. This would save the federal government about $5.7 billion a year, but
Corporate lobbyists and their allies on Capitol Hill have a terrible new idea: hiking the Medicare eligibility age from 65 to 67. This would save the federal government about $5.7 billion a year, but 


 As we reported last month, CNBC has become the unofficial channel of the top one percent. Over the month of November,
As we reported last month, CNBC has become the unofficial channel of the top one percent. Over the month of November, 

 As thousands continue to protest late into the night to try to stop Michigan’s radical “Right To Work” law from being enacted, many activists are risking bodily harm to speak out.
As thousands continue to protest late into the night to try to stop Michigan’s radical “Right To Work” law from being enacted, many activists are risking bodily harm to speak out.
 Today, Michigan Governor Rick Snyder (R) is working with Republicans in the legislature to pass an anti-union “Right To Work” law that
Today, Michigan Governor Rick Snyder (R) is working with Republicans in the legislature to pass an anti-union “Right To Work” law that 






 Cutting Social Security, Medicaid, and Medicare benefits is vogue among elites in Washington and their corporate lobbyist allies. These programs did not cause our deficits, but many elites want to cut them because they fundamentally want to see them privatized.
Cutting Social Security, Medicaid, and Medicare benefits is vogue among elites in Washington and their corporate lobbyist allies. These programs did not cause our deficits, but many elites want to cut them because they fundamentally want to see them privatized.

