HomeEconomic IssuesBernie Sanders For President! Awesome Speech On Chained CPI! (Video)

Bernie Sanders For President! Awesome Speech On Chained CPI! (Video)

The “Chained CPI” is a way for the 1% to steal your Social Security. Bernie Sanders knows this, and now, so can you. Sanders explains:
Revenue coming into this Government is the lowest in 60 years.
The 1% get exorbitant tax breaks and the 99% pays for the rich!
When you go to wars and don’t pay for them, you add to the deficit.
When you give tax breaks to the richest in the country, you add to the deficit.
It is not a minor tweak like the 1% want you to think, but slashing of Social Security benefits.
All new income gains 2009-2011 went to the 1%, the 99% got NOTHING!
Bank of America paid ZERO in Federal tax, but got a refund of 1.9 billion!
G.E. paid no federal tax but got a refund 3 billion!

AARP reports, “In an attempt to reduce the federal deficit, Congress and the Administration are considering changing the consumer price index — a change that would have a particularly negative impact on Social Security benefits. Their proposed change, the “chained CPI,” is estimated to lower the CPI by 0.3 percentage points each year, taking approximately $112 billion out of the pockets of current and near retirees in the next 10 years alone. A typical beneficiary – with an annual income of roughly $20,000 — will lose over $2000 dollars of benefits over 10 years.”

Want to get really sick? Here’s a calculator that shows you just how much of YOUR Social Security benefits you will lose if Chained CPI takes effect.

And here is our man: Vermont Senator Bernie Sanders, speaking truth to power. Go Bernie!

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About AATTP

AATTP
Americans Against The Tea Party is a group committed to exposing the Tea Party’s lies, violence, racism, ignorance, intolerance, bigotry, and corporatist fascist efforts to subvert our democratic process – and we are organizing to defeat Tea Party/GOP candidates on ballots everywhere.
  • William O’Neill

    I always enjoy hearing Representative Sanders enthusiasm for social and economic justice in our country. I have a very difficult time believing conservatives hearing Mr. Sanders speak can with good conscience continue to propose economic reforms that further burden people of very honest, humble and disabled means. It is absolutely clear why we have a large deficit, republican administrations over the last 30 years have spoke of family values, and stressed the value of hard work and free competitive markets. While at the same time their actions have defied us all, including the bottom 4 quintiles within their own party in exchange for self-serving relationships with their corporate and very wealthiest donors. Their close relationship and commitments with Wall Street, the Wealth Defense Industry, and people like Grover Norquist violate the public trust and should be viewed as contempt for the Constitution of the United States and a gross assault on their constituencies and families. Enough is enough, I believe the key to winning this long-running debate is to show our conservative friends the benefits they have long been living for and through implication have been promised aren’t really there for over 80% of those who advocate and defend their parties positions. I agree with Representative Sanders that evasion of taxation by the wealthy and especially corporations is still tax evasion and not only do we need to collect from Wall Street income, we need to severely prosecute those who engage in these practices, I believe prison sentences for executive boards plus recovery of all anticompetitive gains plus another 50% in punitive damages may create incentives that work.

  • Brett

    Elizabeth Warren for President & Bernie Sanders for VP.
    That’s an America I would love to see

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  • Cynthia Schmitt

    ABSOLUTELY HOW I FEEL…what can I do, if I live in a state (Oklahoma) who refuse to do the moral thing, who refuse to even consider the lives they are destroying, what can I do? I have wrote, emailed, called and I get opposition every time!…I am not represented in Oklahoma nor are 33% of this state voters. 3 entities run Oklahoma, the top 1% of the wealthiest (Generally run for office and keep their positions with little opposition…Governor Fallin won with 14% of the vote if I remember correctly), oil and gas donate to their NO men over 500 million, and lobbyist another 500 million. Those of us who want to leave can not even make or save (lol) enough money to relocate with our families…we are their slaves. Oklahoma is one of the states with most ignorant population, and our leaders like it that way.
    Bernie, thank you! I will live to fight another day…Cyn MSW

  • Perry

    For those of you that do not already know, Social Security taxes are put directly into a trust fund, not the general fund of the US Treasury. Social Security checks sent to retirees come out of the this trust fund. Social Security has absolutely no effect on the annual budget deficit or the cumulative National Debt. So anyone who tells you that reducing, changing to “chained CPI” or eliminating Social Security will reduce the National Debt is LYING to you.

  • spruett15

    Unbelievably awesome speech. No one looks out for us like Senator Bernie Sanders! He is passionate about this cause and makes no bones about naming names and speaking the truth. The most honorable man I know and I don’t think anyone works harder than this amazing man. I only wish we had a few more Bernie Sanders and Elizabeth Warrens! They are both concerned about doing what is right and fair and are not afraid of speaking their minds. They have won the respect and admiration of the American people for their character, integrity, intelligence and grit. Here’s to many more years and many more passionate speeches in defense of we, the people. Thank you for this one, Senator Sanders!

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