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Detailed text transcripts for TV channel - MSNBC - 20121219:01:22:00

Proposal. the president has always said as a part of this process when we re talking about the spending cuts side of this that it would require tough choices by both sides. and that is certainly the case if you want to reach an agreement. secondly, this is a technical adjustment that supporters of it and economists, outside economists say it is meant to make the government s estimates of inflation more accurate. we could save money and bring down the debt by adjusting social security benefits. but many analysts don t trust the republicans to take care of seniors in the process. joining me tonight, pulitzer prize winning journalist and author of the fine print: how big companies use plain english to rob you blind, david cay johnston. technical adjustment. what does that mean? in the interest of fairness, is there any scenario in which chained cpi does not hurt seniors? no. chained cpi is a good measure for the whole economy, but not ....

President Obama , Social Security Benefits , David Cay Johnston , Fine Print , Pulitzer Prize , Chained Cpi , Technical Adjustment ,