November 2, 2011 - Cuts to Social Security have traditionally been considered political suicide for any lawmaker who dares to consider them. But the GOP has been pounding the airwaves with rhetoric that is swaying some democrats on the Super Committee, which has a Thanksgiving deadline to come up with a bi-partisan agreement to trim the federal deficit.
Super Committee co-chair, Senator, a democrat from Washington state, is considering republican demands for cuts to Social Security.
The cuts to Social Security would come in the form of calculating benefits according to a chained CPI index. The new formula would "lead to lower benefit levels year after year," according to Open Congress.
If the Super Committee fails to come up with an agreement by the November 23rd deadline, automatic cuts will kick in, which preserves Social Security with its current benefit calculations.
Polls have consistently showed that Americans are overwhelmingly against cuts to Social Security, Medicare and Medicaid.