I’m missing the spending cuts part...or is the concept of lowering COLA’s on SS recipients it?
That looks like part of it. Also, some pensions (Federal and Military I believe) are tied to the SS COLA, so they will "project" savings there.
There may be more there.....but the devil is in the details.
I have read that in the last few days, Bath House Barry has become concerned that the recession that would break in January would be too great a risk to him. It was said he was "enjoying" watching the Republicans squirm, but I guess he has had his fun.
Lowering the COLA on seasoned citizens is hilarious. There have been several years since Obaozo that seniors got no COLA. The years they have, were tiny and bascially nothing. The COLA was taken back by paying more for Medicare.