Some in Washington claim the Chained CPI is a better way of calculating the COLA for seniors, well, it’s not. The Chained CPI is a benefit cut to Social Security and will affect seniors, veterans, and the disabled. A better option to calculate the COLA would be to use the CPI-E.
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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.
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.
Let’s be clear. The millions of disabled veterans and seniors living on fixed incomes. The Chained CPI is not a minor tweak. It is a significant benefit cut that will make it harder for permanently disabled veterans and the elderly to feed their families, heat their homes, pay for their prescription drugs and make basic ends meet.
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.
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!
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.
The National Committee believes accuracy must be the goal of changing the current consumer price index. The CPI-E represents the best alternative for correcting problems with the CPI-W for America’s seniors. In contrast, the proposed chained CPI does not account for the unique spending patterns of the elderly and would lead to a cut to the already inadequate COLA. In order to implement the CPI-E, the BLS will need sufficient funding to conduct the research and expand the sampling needed to enable the index to move from experimental to official. When the CPI-E becomes official it should, at last, finally represent the most accurate measure of the inflation affecting our nation’s seniors.
The Chained CPI, the stealth benefit cut to Social Security, is being promoted by some in Washington. It will affect veterans, seniors, and the disabled.
ICYMI: Do Not Balance Budget on Backs of Disabled Veterans
Using the Chained CPI would do just that. It would also hurt seniors and the disabled.
Seniors rely on the mail for everything from bill paying to collecting #SocialSecurity benefits. We must #SaveTheUSPS! https://www.cbsnews.com/news/postal-service-louis-dejoy-delivery-10-year-plan/