Read time: 2 minutes

Lindsey Graham: Obama Is 'Showing A Little Bit Of Leg' With Social Security Cuts

Republican South Carolina Sen. Lindsey Graham on Sunday praised President Barack Obama's budget that reportedly cuts future increases to earned benefits programs like Social Security and Medicare.
7 years ago by David
Views:

Republican South Carolina Sen. Lindsey Graham on Sunday praised President Barack Obama's budget that reportedly cuts future increases to earned benefits programs like Social Security and Medicare.

Several media outlets reported last week that the White House would adopt chained CPI, a less generous way of calculating Social Security cost-of-living increases that assumes seniors will change their buying habits as certain items become more expensive.

Compared with the current model, advocacy group Social Security Works has said that a person who began drawing Social Security at the age of 62 would be receiving 7.32 percent less in benefits per year by the age of 88 under chained CPI.

"I'm looking at the biggest spending cut in American history by reforming entitlements, saving those entitlements," Graham told NBC's David Gregory on Sunday. "And the president's showing a little bit of leg here. This is somewhat encouraging."

"His overall budget is not going to make it, but he has made a step forward in the entitlement reform process that would allow a guy like me to begin to talk about flattening the tax code and generating more revenue."

The senior Republican senator from South Carolina asserted that the key to a grand bargain on the budget was immigration.

"And as to Republicans, the politics of self-deportation are behind us," he warned. "Mitt Romney is a good man. He ran -- in many ways -- a good campaign, but it was an impractical solution. Quite frankly, it was offensive. Every corner of the Republican Party, from libertarians to the RNC, House Republicans and the rank-and-file Republican Party member is now understanding there has to be an earned pathway to citizenship."

Graham added that Obama "showed some leadership" with proposals to cut Social Security and Medicare "and that puts the burden on us to do the same thing."

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Comments

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.