How Obama aims to cut Social Security benefits by 10%

Word is that Obama is willing to cut a deal on the f***** c**** (I can’t bear to type the words) that would use the chained CPI (C-CPI-U) to adjust Social Security benefits for the cost of living. Let’s leave aside the technical details of the C-CPI-U vs. the standard CPI-U (the U stands for urban consumers, about 87% of the U.S. population) and the somewhat less standard CPI-W (the W stands for urban wage earners and clerical workers, about 32% of the population) for now. What attracts budget cutters to the… Read More

MinnPost interview

Steve Perry interviews me about the green shoots of recovery, EFCA, liberal austerity, grading the stimulus/bailout, contrasts with the New Deal, etc.: “Stabilization is a good thing, but it doesn’t equal recovery.”