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Official: Obama proposes cuts to Social Security

U.S. President Barack Obama as an attempt to cut Social Security, the budget compromise with Republicans.
A senior administration official said Obama's budget will be provided to Congress next Wednesday will cut the deficit $ 1.8 trillion over 10 years. It includes a place called "chain CPI the revised inflation adjustment, will curb the increase in the cost of living, social security and other benefit plans.
Senior government officials have stressed that this is not the president's preferred method, but the compromise proposal, trying to reach a long-term budget agreement. Obama's first Speaker of the House John Boehner acquisition last year.
An official spokesman of anonymity because the budget has not yet been released. Technically, the management will actually limit the growth of social security.


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