Why Obama wants a Grand BargainQuicklink submitted by Sheila Samples Permalink
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|The news of the morning is that President Obama will propose a budget next week that includes specific cuts in Social Security and Medicare along with new revenues -- an effort to bring Republicans back to the table for a 'Grand Bargain' to replace the sequester. The entitlement cuts include Chained CPI for Social Security and a combination of means testing and provider-side cuts on Medicare, in addition to other spending cuts, which will anger liberal Democrats. Chained CPI is a fancy way of describing what is a real benefits cut.|
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