I came across this chart in a couple places online showing the impact of chained CPI on Social Security recipients and the impact of Obama’s tax increases on couples making over $500,000 a year.
It makes an excellent bookend to this quote Digby had from an Obama 2011 press conference about his idea of shared sacrifice and balanced deficit reduction.
The least I can do is to say that people who are making a million dollars or more have to do something as well. And that’s the kind of tradeoff, that’s the kind of balanced approach and shared sacrifice that I think most Americans agree needs to happen.