Reply #21: Pelosi Reassures House Democrats Inflation Measure Switch Not Likely [View All]

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201107081505dowjonesdjonline000464&title=pelosi-reassures-house-democrats-inflation-measure-switch-not-likely

Pelosi Reassures House Democrats Inflation Measure Switch Not Likely

By Kristina Peterson and Corey Boles, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Minority Leader Nancy Pelosi (D., Calif.) reassured angry House Democrats that a proposal to change a key measure of inflation linked to Social Security was not likely to be part of a debt ceiling deal, lawmakers said Friday.

Pelosi calmed Democrats upset over a proposal to change how the Consumer Price Index is calculated that would curb Social Security benefits, dimming the prospects of an idea once floated as an area of bipartisan support.

"She basically reassured the group that there's no way it's going to happen," said Rep. Barney Frank (D., Mass.), following a Friday afternoon meeting of House Democrats in the basement of the Capitol building. "After this, I do not think reducing the CPI in any way is a viable option."

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I have a feeling Pelosi is more knowledgeable about what is going on in the negotiation than the author of that Opinion Piece.