Social Security needs to be off the table during these fiscal cliff debates. The Chained CPI is a CUT to Social Security.
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Chained CPI for Social Security means forcing seniors, veterans onto food stamps.
If you follow this blog, you already know the Chained CPI – a proposed change to Social Security’s annual cost-of-living adjustment (COLA) – is really just backdoor attempt to cut Social Security benefits. A retiree who lived to age 85 would see a cumulative benefit cut of nearly $14,000.
Chained CPI will devastate seniors, veterans, and the disabled.
Here are some additional resources that go into depth about Chained CPI: One, two, and three!
Some in Washington want to use the Chained CPI. The Chained CPI is a benefit cut to Social Security, plain and simple. It will affect seniors, veterans, and the disabled. Tell your Member of Congress not to support the Chained CPI.
Max Richtman Discusses the President’s Budget and Chained CPI on Fox News:
NCPSSM President and CEO, Max Richtman discusses the President’s Budget and the Chained CPI on Fox News. The Chained CPI is a Social Security benefit cut affecting seniors, veterans, and the disabled.
American workers have paid into Social Security all their lives. The Chained CPI cuts benefits to Social Security which will affect seniors, veterans, and the disabled.
Tell your Member of Congress to oppose the Chained CPI.
1. Chained CPI is a significant benefit cut that compounds over time, hitting late old-age beneficiaries and the long-time disabled hardest. For a worker with average earnings retiring at age 65 in 2015, chained CPI would cut benefits $653 a year (3.7 percent) at age 75, $1,139 a year (6.5 percent) at age 85 and $1,611 a year (9.2 percent) at age 95.
Harkin, as well as some speakers expressed frustration with President Barack Obama’s previous push to change the way the government determines the yearly increases in social security benefits.
The Chained CPI is a cut to Social Security and will affect seniors, veterans, and the disabled.
There are several alternatives to cut the deficit rather than using the Chained CPI. Seniors, veterans, and middle-class rely on Social Security as a source of their income and can’t afford any cuts.
Some in Washington have proposed the Chained CPI, which would be a Social Security benefit cut to seniors, veterans, and the disabled. It is important to use a more accurate way of calculating the COLA formula, which is the CPI-E.
The Chained CPI is a benefit cut to Social Security and should not be a part of any grand bargain deal. Seniors, veterans, and the disabled cannot afford cuts to their benefits! Tell Congress “HANDS OFF! NO CUTS!”
On this date in 1990, President George H.W. Bush signed the #ADA into law — making it easier for older Americans and others with #disabilities to get around at home, participate in their communities, and go to work. #ADA31