Rep. Rick Larsen and Rep. Jim McDermott cosponsor bill to oppose chained CPI

The Chained CPI, which we've written about any number of times, is getting support from Congressional Republicans, President Obama, and even some Democrats. The chained CPI itself is a bit convoluted, but here's the quick and dirty: it's a backdoor benefit cut that will reduce Social Security benefits - and it gets worse as you …

Continue reading Rep. Rick Larsen and Rep. Jim McDermott cosponsor bill to oppose chained CPI

Chained CPI a gimmick we’ll all pay for

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 …

Continue reading Chained CPI a gimmick we’ll all pay for