Paul Ryan Diminishes Obama’s Chained CPI Offer

On a conference call with reporters Wednesday afternoon, House Budget Committee chair Paul Ryan trivialized President Obama’s decision to include a provision called Chained CPI, which cuts the growth of Social Security benefits, as a gesture of good will to Republicans in his budget. 

“I don’t see it as entitlement reform, as much as clarifying a statistic,” Ryan said. 

Chained CPI is a measure of inflation that grows more slowly than the one Social Security cost of living increases are indext to.

ABOUT THE AUTHOR

Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com
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