In his budget plan next week, President Barack Obama is expected to propose a new inflation formula that would reduce cost-of-living payments for social security benefits. This proposal would punish average Americans for the financial woes brought on by risky investment practices and too-big-to-fail banks, charging them for a prosperity they never really shared in, said Katrina vanden Heuvel on C-SPAN's Washington Journal on Friday.

Vanden Heuvel touched on a wide range of issues, from social security to immigration to campaign finance. She said that the social security cut is just the latest victim of a "misplaced obsession with debt and deficits."

—Alec Luhn

Read the article Katrina recommended during the show, Lee Fang's piece on how corporations lie about their political contributions.