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Federal benefits, like Social Security benefits, grow with the cost of living to protect the value of benefits from inflation.

Republican party or a positive vision like increasing the minimum wage. democrats have got to get up off the ground or they're going the face even worse losses that they're already looking like they're going to face kind of inevitably in this offyear election. >> jonathan, i think the republicans benefit from a lot of vague talk that go after entitlements, people think minorities, welfare, somebody in an urban area. they don't think the massive nature of entitlements that are being threatened by republicans. every time they get to do a budget, they always go after them. chained cpi, cutting co...

There's not going to be a bunch of pushback not only from republicans but from democrats in a lot of these districts and remember, this is an election year. on top of some other pressures that some of these democrats perhaps are feeling, this may add to that from an administration that is putting the pinch on some of their military bases and military personnel. jon: as the president presents his 2015 budget, we're told he's going to call for an end to austerity in this country. i guess that means an end to austerity except at the pentagon. >> that was a writup in "the washington post" last wee...

Bit quiet. but in that quiet there's a great message. this is our political team described in our first read blog that they put out on friday. i'll put it on the screen. both democrats and republicans have cleared the decks of anything that could divide their parties before the 2014 midterms. republicans have essentially taken immigration off the table as well as the threat of default or a government shutdown. meanwhile the white house has now remove chained cpi from its budget and slowed its push for fast track authority. both sides are employing a lets do no harm strategy. the white house is...

Taking at a chained cpi. he said he was willing to work with republicans on changing entitlements and got a lot of backlash from the base last ire year. he's digging his heels in and people are saying that he is trying to appeal to his base. mid-term elections are older, whi whiter and will not have the obama machine. so for him to preserve the senate and get anything done he is making a concession on something we wanted to work with the republicans on. that has to do with more the senate race more so than the governor side but it is an important shift. >> david, thank you. we are continuing t...