THE PROGRESSIVE REVIEW - March 14, 2013Editor's Note:
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****-- Entitlement cuts raise liberal hackles --*WASHINGTON - Liberal U.S. senators challenged President Obama over his readiness to cut entitlement benefits, as the president prepared to meet with House Republicans.
"I think he is more inclined to cut benefits, which I strongly disagree with," Sen. Bernie Sanders, Ind-Vt., said after leaving a 90-minute, closed-door Senate Democratic Caucus meeting with Obama on Capitol Hill that focused a lot on Social Security and Medicare benefits.
The meeting also dealt with immigration policy, drones and cybersecurity, Senate attendees said.
Sanders and Sen. Tom Harkin, D-Iowa, told Obama they opposed his willingness to consider adopting "chained CPI" -- a less generous formula for adjusting benefits under Social Security and other programs for inflation.
The Bureau of Labor Statistics' chained CPI, or a chained consumer price index, is not used by Washington but has increasingly been discussed as a reform because many economists say it better measures inflation than the currently used CPI index.
It tweaks the inflation formula slightly but results in big savings over the long run, perhaps more than $100 billion over a decade, The Washington Post reported.
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