Back on the chained-CPI gang


Just FYI, White House National Economic Council director Gene Sperling said today on his Reddit chat that the president really prefers the Chained CPI and that it’s not just an inducement to get the Republicans on board with the Grand Bargain.

This may sound obvious, since it’s been clear from before the inauguration that the administration wants to “reform” the so-called entitlements. But Sperling made it clear today that they believe in this on the merits.

The charm offensive

Is Obama just trying to split off Republicans from their leadership so they’ll support his Grand Bargain? Inquiring minds want to know! And Elizabeth Warren isn’t going for it:

“‘Chained CPI’ is just a fancy way to say ‘cut benefits for seniors, the permanently disabled, and orphans,’” Sen. Elizabeth Warren told Salon. “Our Social Security system is critical to protecting middle-class families, and we cannot allow it to be dismantled inch by inch.”

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