It looks like a fiscal cliff deal will preserve tax cuts for the middle class and below. But congressional Republicans won't get the heavy spending cuts they've demanded. And that's fine with many Americans.
In a POPVOX online poll, 66 percent opposed a proposal to switch the way cost-of-living adjustments are made for Social Security benefits. Rather than pegging benefits to the Consumer Price Index as currently calculated, they would be tied to a "chain-weighted" Consumer Price Index. The switch is estimated to save as much as $125 billion in additional benefits over the next decade.
Democrats contend slashing programs would hurt real people. Democratic activist Christine Pelosi (@sfpelosi) took issue with a "Meet The Press" roundtable discussion on fiscal cliff negotiations.
"At very least #MTP should ask its custodians & crews if they agree with armchair pundits on raising retirement age & cutting earned benefits," she tweeted.
Sen. Lindsey Graham (R-SC) basically admitted defeat for the GOP. "Hats off to the president. He won," Graham said on "Fox News Sunday". "What have we accomplished? Political victory for the president."
Graham added, "He's going to get tax rate increases, maybe not at [$]250[,000], but on upper-income Americans. And the sad news for the country is we've accomplished very little in not becoming Greece or getting out of debt. This bill won't affect the debt situation."Politix reporting and via POPVOX and Huffington Post.