Obama drops plans for social security changes - FOX Carolina 21

Obama drops plans for social security changes in budget

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President Barack Obama drops controversial Social Security proposal from budget. (Source: POOL/CNN) President Barack Obama drops controversial Social Security proposal from budget. (Source: POOL/CNN)

(POOL/CNN) – President Barack Obama is ditching a proposal that would have reduced annual boosts in social security benefits.

The news was music to the ears of liberals.

President Obama had included the so-called "chained CPI" proposal in his budget last year. It alters the inflation formula used to determine cost-of-living increased in social security checks.

The White House says the change will not be in the president's upcoming budget to be published March 4.

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