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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How much would the Chained CPI cut your benefits?

There's no two ways about it: the Chained CPI is a backdoor cut to Social Security benefits. It has also drawn the ire of many groups, including the Veterans of Foreign Wars (VFW), for it's slashing of benefits for disabled Americans, survivors, and veterans. Now, AARP has released a calculator that allows people currently collecting Social …

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Be honest about the Social Security COLA

By Alicia Munnell, from MarketWatch I am willing to play if our political leaders simply put the facts on the table.  For example, the proposal to use a “chained” CPI for indexing Social Security benefits—which was floated during the recent fiscal cliff negotiations, and seems likely to surface again—is not just a “technical correction”; it …

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