Since the White House put cuts to Social Security Insurance on the table earlier this week, Pelosi has been trying to whip up support for the plan, despite it being a bitter pill to swallow for most progressives. On Wednesday, Pelosi tried to argue that the “chained CPI,” which changes how Social Security benefits are calculated, will not amount to a cut in the critical insurance program. But House Progressives are unconvinced.
In a statement released that same day, 75 Members of the House Progressive Caucus said they cannot support a plan that affects Social Security. The letter reads, “Members of the Congressional Progressive Caucus (CPC) are standing up against a proposal to cut Social Security benefits by changing the way we calculate inflation…Tying Social Security to chained CPI is a benefit cut, and members of the CPC will not vote for a deal that cuts the benefits that millions of Americans rely on.”
We need Progressives to hold firm on this, and not agree to any cuts to Social Security, a program that has nothing to do with our national debt and is running a $2.6 trillion surplus. Going off the cliff is a better deal than this one.