Social Security/Medicare Betrayal On The Horizon?

…The most recent indication that Obama intends to express his gratitude to his own followers by stabbing them in the back came in a September 24 Huffington Post article by Sam Stein entitled “Obama May Do Social Security Reform during the Lame-Duck Session, Senate Democrats Worry.”  Stein quotes a warning issued by Democratic Senator Bernie Sanders of Vermont that Obama is signaling to Republicans that he is willing to attack the benefit structure of Social Security pensions by making retirees wait until they are several years older to get full benefits, and by tampering with the mechanism based on changes in the Consumer Price Index which governs cost-of-living increases in the monthly Social Security checks which 56 million older Americans live on.  Changing the cost-of-living allowance would have the effect of sharply reducing Social Security benefits over time.  According to Sanders, “Everything being equal, unless we stop it, what will happen is there will be a ‘grand bargain’ after the election in which the White House and some Democrats will sit down with Republicans, they will move to a chained CPI.”  The “chained CPI” is technical jargon for a dishonest way of calculating inflation which makes price increases seen to be less than they are in reality, and thus chisels away at Social Security payments…

http://www.presstv.ir/detail/2012/09/29/264138/obama-fully-intends-to-betray-his-own-loyal-supporters/