Chained CPI deal near done? So says Ezra Klein. And Open Thread

From 3:13 p.m. this afternoon.

A ‘fiscal cliff’ deal is near: Here are the details

All at once, a “fiscal cliff” deal seems to be coming together. Speaker John Boehner’s latest offer doesn’t go quite far enough for the White House to agree, but it goes far enough that many think they can see the agreement taking shape.


On the spending side, the Democrats’ headline concession will be accepting chained-CPI, which is to say, accepting a cut to Social Security benefits. Beyond that, the negotiators will agree to targets for spending cuts. Expect the final number here, too, to be in the neighborhood of $1 trillion, but also expect it to lack many specifics. Whether the cuts come from Medicare or Medicaid, whether they include raising the Medicare age, and many of the other contentious issues in the talks will be left up to Congress.

While this doesn't surprise me, it surprises me.  And shame on Obama and any Democrat who agree to this deal.  They're "supposed" to be the good guys, or so I used to think.

And would Ezra Klein post this is it weren't true?  I don't know his track record, so I can't say what the odds are.



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It's true Ezra was told this, I'm sure.

tom allen's picture

He's a White-House-friendly trial-balloon floater.  And it sounds a lot like the shit sandwich we expected -- cuts to Social Security, and probably Medicare, Medicaid, and plenty of other necessary programs.  Democrats abandoning the New Deal.  But hey, rich people pay a bit more pocket change -- so the shit sandwich comes with Gray Poupon.

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If I were an optimist, which a lot of times I am, I would

Glinda's picture

be happy to read, " White-House-friendly trial-balloon floater," which would give me some hope that we can squash this deal, if it's truly a trial balloon.

But with 14 days until the end of the year, not a lot of time to mobilize and hit back, especially since people are doing the holiday thing, not to mention minds are elsewhere still trying to come to grips with the massacre in Sandy Hook, and past experience during the end of the year of continuing the Bush tax cuts for the uber wealthy, I don't have a lot of hope we can do anything about this.

And we will lose the hyperpartisans in this fight with the same old tired pom pom excuses, Obama didn't have a choice, we need 60 votes in the Senate, So you want tax increases for the middle class if you fight this,? Obama doesn't have a magic wand, yet all the while if George W. Bush was president and he agreed to this deal, ALL the Democrats, including the politicians in Congress, would be PUSHING BACK at this with all their might.

Nothing to see here, folks, move along, enjoy your holiday.

Obama was quite clear where he stood on this in 2011, and most recently in his debates with Romney.  It's shameful.


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nemesis's picture

Floater is right.  


Shit sandwich with grey poupon is a classic.  The alitteration is even good.  

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And it will hardly make a dent in the deficit and

Big Al's picture

certainly won't stop the national debt from rising.  If that was the purpose, they will fail miserably.  It would seem the only purpose is the chance to change SS, Medicare and other social programs.  Never let a crisis go to waste.

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Cutting Social Security and Medicare is not about ..

BruceMcF's picture

.... cutting the deficit, its about undermining the attachment of voting blocks to existing government programs.

Cutting the deficit is just a cover story. It doesn't have to stand up to scrutiny, it just has to appear plausible to the already heavily indoctrinated populace.

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