General Discussion
In reply to the discussion: If You Are A Baby Boomer - the real reason YOU SHOULD BE FURIOUS over CPI cuts: [View all]Demo_Chris
(6,234 posts)The whole idea behind chained CPI is that they believe seniors will go along with it because their personal benefits will be largely unchanged, and the real damage will fall on their kids and grandkids. Sadly, based on track record, this is probably a safe bet. Current recipients will be mostly fine, on paper at least, but the program will be GONE for their kids and grandkids.
So my question to seniors is this...
What makes you think your kids and grandkids will continue paying in for a program they will never receive?
If seniors go along with stealing their kids and grandkids social security -- and that's what this is -- then heaven help those seniors. You better pray you banked lots of money before shipping your kids jobs overseas, because I suspect you are gonna need it.
Social Security will be privatized so quick it will make your head spin. After all, chained CPI is a guarantee that future retirees get nothing, privatized they at least have a chance (however slim). And that means that after chained-CPI current recipients will be on budget, under the scalpel, and with no one left who really cares.