Statement by Third Way President Jon Cowan on Chained CPI

“Last year, the President was right to put chained CPI on the table as an essential component of a grand bargain. This year, he’s right to remove it because there’s no more table, as the House GOP has refused to consider equally crucial parts of any economic bargain: new revenue and increased investments.

Eventually a future Congress and White House will be forced to deal with securing entitlements for future generations and making sure that they do not continue to crowd-out growth-oriented investments in energy, R&D, infrastructure, and education. When they do, today’s stalemate proves that a bipartisan commission, such as Third Way has proposed, is the only approach that will fix Social Security for the long-run.”