Frankel raps Obama Social Security proposal in teleconference with 6,600 constituentsby George Bennett | April 11th, 2013
Rep. Lois Frankel, D-West Palm Beach, stated her opposition to President Barack Obama‘s proposal to use a slightly less-generous inflation calculation for Social Security increases during a teleconference with seniors from her district Wednesday night.
Frankel’s office arranged for automated phone calls to be placed to about 55,000 senior households in her Palm Beach-Broward District 22. About 6,600 people ended up on the hourlong call, Frankel spokeswoman Sarah Rothschild said.
Max Richtman, president of the National Committee to Preserve Social Security and Medicare, was Frankel’s guest on Wednesday and spent nearly as much time talking to Frankel’s constituents as Frankel did.
Obama’s budget plan, released Wednesday, calls for slowing down future Social Security benefit increases by modifying the formula used to calculate cost-of-living increases. The “chained CPI” formula would save an estimated $130 billion over 10 years.
Frankel and Richtman both spoke against the idea. Some have touted the chained CPI as part of a “grand bargain” with Republicans on deficit issues, but Frankel disagreed.
“I’m for compromise,” Frankel said. “I’m just not for compromise that will hurt our senior citizens.”
Some tweets from the event can be found on Twitter at @gbennettpost.