Via USA Today, by Duncan Black: The switch to chained CPI wouldn't just reduce benefits, including Social Security and Veterans' benefits, but could also impact future federal tax rates paid by most people. Various news reports have stated that the Obama administration plans to include cuts to Social Security benefits in its budget proposal. What is less …
The truth about the ‘chained CPI’ and Social Security
By Michael Hiltzik, from the Los Angeles Times It's a benefit cut. It's not merely a "technical" change. It's not a "more accurate" measure of inflation. The "chained CPI" has become one of the linchpins of the debate in Washington over what to do about the cost of Social Security. The idea is to ratchet back the …
Continue reading The truth about the ‘chained CPI’ and Social Security
The Social Security retirement age: Who’s really living longer?
From Washington Policy Watch: In 1983, the so-called "Reagan Reforms" made some big changes to Social Security including eliminating the survivors benefits for college students, boosting the payroll tax, and raising the retirement age from 65 to 67. As a result, anyone born after 1960 must now wait until age 67 to receive their full …
Continue reading The Social Security retirement age: Who’s really living longer?