Grayson Blasts Cuts in Benefits: Use of Controversial "Chained CPI" Breaks Promise to Seniors

April 10, 2013

FOR IMMEDIATE RELEASE                                                     
April 10, 2013 

CONTACT:  Todd Jurkowski
407.451.9857 (cell)
press@graysonforcongress.com

GRAYSON BLASTS CUTS IN BENEFITS
Use of Controversial “Chained CPI” Breaks Promise to Seniors 

(WASHINGTON) – Congressman Alan Grayson (D-Orlando) today condemned President Obama’s budget proposal, which slashes the benefits for current and future Social Security recipients.  President Obama’s financial blueprint calls for the use of a very controversial method of computing the cost-of-living adjustment (COLA).  The so-called “chained CPI” will equate to a cut in monthly benefits for people who rely on Social Security to survive.

I take no pleasure in saying this, but, in this case, the President is wrong.  The chained CPI will substantially undermine the protection against inflation that Social Security recipients enjoy right now,” Grayson said.

The non-partisan Congressional Budget Office concluded that the gap between the chained CPI and actual price increases starts off at $1.4 billion in the first year, and swells to $22 billion in the tenth year.  That means seniors will struggle even more to afford basic needs.    

Congressman Grayson will not support any cuts to any benefits to Social Security, Medicare or Medicaid.  And he is not alone.  More than 2,300,000 people across the country have already signed his “No Cuts” petition (no-cuts.com).  The petition garnered the endorsement of national progressive organizations including Working Families, Progressive Change Campaign Committee (PCCC), MoveOn.org, Democracy for America and Credo Action.  

In addition, thirty Members of Congress have signed on to Grayson’s letter to President Obama.  The letter makes it clear that they “will vote against any and every cut to Medicare, Medicaid or Social Security benefits…”

They can change the programs, and not break the promises to Americans.  They can eliminate waste, fraud and abuse in the programs.  They can change the way we fund the programs.  They can change the payments to doctors, pharmaceutical companies and hospitals.  But we absolutely cannot break our promise to people by cutting   benefits or raising the retirement age,” Grayson added.

Grayson will discuss the no-cuts.com petition, and his plan for protecting entitlement programs when he participates in Reddit.com’s Ask Me Anything on April 11th at 4 p.m. EDT.

Congressman Alan Grayson is a Democrat from Orlando.  He represents Florida’s heavily-Democratic 9th Congressional District, which includes southern Orange County, Osceola County and eastern Polk County.

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