fiscal cliff and social security

President Obama's most recent fiscal cliff offer would cut Social Security benefits by changing how that program calculates cost-of-living increases. This is a bad idea, for reasons I'll get to. But the bigger problem is that Social Security doesn't have anything to do with current budget deficits...
Top Democrats and leading progressives are arguing that Social Security shouldn't be part of negotiations over the fiscal cliff. As Senator Richard Durbin plans to say in a speech later this morning: Social Security doesn't add a penny to the debt and should not be part of any deficit reduction...
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