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Response to PoliticAverse (Reply #22)

Mon Dec 17, 2012, 09:27 PM

27. A chained CPI cut is disastrous. It will result in an approximate $40,000 to

 

$50,000 cut for the average life duration of a recipient--WITH NOMINAL INFLATION! If inflation rears its ugly head, which it is going to do because of all the low interest rates, that cost to the average recipient will be many times more. Prices on goods and services go up, but the chained CPI multiplier keeps the rate increase down. The older a person lives being on Social Security, the worse shape that person will be in. This has all been calculated by people way smarter than me with better equipment than I have. This was the plan all along.

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