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Older Voters

Is Walden right about Obama and cuts to Social Security and Medicare?

Congressman Greg Walden (R-Ore.) is calling President Obama's budget proposals a "shocking attack on seniors."Rep. Walden is head of the House GOP's campaign committee. He clearly wants to hurt Democrats with senior voters in the upcoming 2014 elections.But let's forget the politics for a minute.Is Rep. Walden right about the damage to seniors by the president's budget proposals to change how benefits are rewarded under Social Security and Medicare?The answer is yes.The president has proposed slowing the growth of Social Security benefits by using a new method to measure inflation that will lower the rate of increase in Social Security payments, also veterans' benefits and federal pensions. The new method for measuring inflation is referred to as the "Chained CPI" or chained consumer price index.The president's budget also limits Medicare benefits for senior couples who make over $170,000. There are also cuts to Medicare services provided by doctors, drug manufacturers and hospitals.Th...

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