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JHB

(37,157 posts)

4. How nice for you. As for me, being 20 years away from it...

Reply to jehop61 (Original post)

Tue Dec 18, 2012, 08:33 AM

Dec 2012

...I'm probably much more concerned of the cumulative effects of the point shaving than you seem to be.

Albert Einstein is said to have once quipped that compound interest was the most powerful force in the universe. Switching to the chained CPI is compound interest in reverse. Call it compound theft.

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Highlight:

Regarding the new COLA cuts in Social Security proposed by Obama [View all] jehop61 Dec 2012 OP

Explain to me how Social Security contributes to the deficit KeepItReal Dec 2012 #1

Yeah, that's the ticket. I'm with you, I received a whole $17 more a month so of course COLA should monmouth3 Dec 2012 #2

Glad you got yours. Cobalt Violet Dec 2012 #3

How nice for you. As for me, being 20 years away from it... JHB Dec 2012 #4

Chained CPI.... 33Greeper Dec 2012 #5

Best explanation I've seen yet n/t eridani Dec 2012 #6

I'll explain uit to you edhopper Dec 2012 #7