Carney On Chained CPI: "This Is A Republican Proposal"
CARNEY: The President’s budget represents a compromise. The inclusion of entitlement reform, specifically chained CPI and means testing of Medicare, comes at the specific behest and request of Republican leaders, as you know. Back in December of 2012, Speaker of the House Boehner said that he wants to use a new method of calculating benefits for entitlement programs known as chained CPI.
Again, a Republican congressionalist is citing another news source, Bloomberg. A Republican congressional aide said that Boehner is pressing harder for the CPI revision than for other entitlement changes. Mitch McConnell, Senate Minority Leader -- this is quoting the Wall Street Journal -- said “bipartisan agreement on higher Medicare premiums for the wealthy and increase in the Medicare eligibility age, and slowing cost-of-living increases for Social Security could move both parties closer to a budget deal.” And by that, a budget deal he meant and everyone meant in December of last year, a budget deal that would be balanced and include revenues, which obviously was part of the President’s approach. Mitch McConnell said again that chained CPI was something that he wanted as part of a broader deal.
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