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Wed Dec 19, 2012, 09:05 PM

Disabled American Veterans oppose the Chained CPI





Thanks to this youtube user for posting this:
http://www.youtube.com/user/WeAreSocialSecurity/videos?flow=list&view=0&sort=dd

4 replies, 797 views

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Arrow 4 replies Author Time Post
Reply Disabled American Veterans oppose the Chained CPI (Original post)
limpyhobbler Dec 2012 OP
midnight Dec 2012 #1
littlemissmartypants Dec 2012 #2
Doctor_J Dec 2012 #3
midnight Dec 2012 #4

Response to limpyhobbler (Original post)

Wed Dec 19, 2012, 09:11 PM

1. That's because they know, it means as time goes on, they loose more of their benefits...

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Response to limpyhobbler (Original post)

Wed Dec 19, 2012, 10:03 PM

2. LMSP kicking...n/t

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Response to limpyhobbler (Original post)

Wed Dec 19, 2012, 10:43 PM

3. Another group abandoned by the president

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Response to limpyhobbler (Original post)

Thu Dec 20, 2012, 10:01 AM

4. Latest... Now Pelosi saying CPI strengthing social security?

The chained CPI works by assuming that when the price of a product, such as beef, gets too high, consumers don't keep paying the higher prices. Instead, the model predicts they will switch to something cheaper, such as chicken, keeping their cost of living lower and leading to a lower rate of inflation, as measured by the chained CPI. The lower rate of inflation would mean a downward adjustment in cost of living, and thus stingier benefits.

The cuts would start small, but wind up costing beneficiaries thousands of dollars over time, which is why Democrats have traditionally fought the idea.

But Pelosi wrapped both her arms around it Wednesday, insisting she does not regard it as a "cut."

"No, I donít," she told reporters. "I consider it a strengthening of Social Security, but thatís neither here nor there."


http://www.huffingtonpost.com/2012/12/19/nancy-pelosi-social-security_n_2333285.html

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