Eizabeth Warren on Social Security

Elizabeth Warren Stands Up For Expansion Of Social Security (Click on this heading to read more)

By John Amato 

 

Elizabeth Warren is taking the bull by the horns, becoming a true leader of the progressive movement in the Democratic Party. It's refreshing to hear a sitting senator discuss the problems of working-class Americans as if she truly wants to help them. Today, she delivered a powerful speech on the floor of the Senate in which she believes that the push to expand Social Security instead of cutting it will be a defining moment in the Democratic Party as we move forward.

The Plum Line:

In remarks Warren just began delivering, she strongly endorsed the push to boost Social Security benefits — in keeping with Senator Tom Harkin’s proposal to do the same — and condemned the “Chained CPI” that liberals fear Dems will embrace in strong terms. From the prepared remarks: 

“The most recent discussion about cutting benefits has focused on something called the Chained-CPI. Supporters of the chained CPI say that it’s a more accurate way of measuring cost of living increases for seniors. That statement is simply not true. Chained CPI falls short of the actual increases in costs that seniors face, pure and simple. Chained CPI? It’s just a fancy way of saying cut benefits.
 
“The Bureau of Labor Statistics has developed a measure of the impact of inflation on seniors. It’s called the CPI-E, and, if we adopted it today, it would generally increase benefits for our retirees — not cut them.