http://onpoint.wbur.org/2012/12/20/social-security
“Chained CPI” sounds like some kind of high-tech torture. In fact, it’s a way of calculating inflation that may be on its way to cutting Social Security payments. In the big arm-wrestle of negotiations over the fiscal cliff, “chained CPI” is in the mix.
President Obama wants higher taxes on the wealthy. Republicans want to rein in entitlements. Here’s a way to do it. Whittle back Social Security payments. Seniors don’t need beef. They could eat chicken. Or goat. Or something cheaper.
This hour, On Point: Social Security, the “chained CPI,” and how we’ll live beyond the fiscal cliff.
-Tom Ashbrook
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