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 …

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