A coalition of volunteers took their message to the street Tuesday, staging a protest outside Sen. Kelly Ayotte’s Nashua office, in the name if preserving Social Security benefits.
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Here is some footage from our event yesterday where activists joined to protest the Chained CPI which is a benefit cut to Social Security.
The GOP’s political gamesmanship and stated goal of “getting something” from this debacle has shifted the House leadership’s attention to so-called “entitlement reform,” which means benefit cuts targeting seniors including: Social Security Chained CPI, extending means testing in Medicare to the middle class, raising the retirement and eligibility ages, and ending traditional Medicare in favor of Rep. Paul Ryan’s “Couponcare” plan.
Max Richtman via Huffington Post.
“Chained CPI” is a phrase floating around the Social Security debate that is important to current and future Social Security beneficiaries. Chained CPI would change the way cost of living adjustments (COLA) for Social Security and other other government programs are calculated. The COLA increase that is applied to Social Security, food stamps, Supplemental Security Income, and other programs is determined by the increase in the consumer price index (CPI). The formula has been changed over the years to attempt to make it a more realistic reflection of increases in the price of consumer goods, according to economists. The chained CPI assumes that when prices increase for one product, people substitute a less expensive product.
Chained CPI = Cut to Social Security. That simple.
Social Security doesn’t drive the federal deficit and the Pennsylvania seniors who depend on it must not be used as bargaining chips to fix our nation’s fiscal problems. Social Security must be strengthened, not weakened. Shifting to chained CPI will make it harder for Pennsylvania seniors and veterans to pay their bills and have the dignity and financial independence they deserve.
At last weeks event, NARFE and the National Committee rallied against the Chained CPI.
Did you know the Chained CPI is a benefit cut to Social Security?
The National Committee, NARFE National Headquarters, Member of Congress, and other allies joined today outside the Capitol to discuss the impact of the Chained CPI on the poor, seniors, veterans, and the disabled. As you can recall from our previous graphics, the Chained CPI is a cut to Social Security benefits.
Some in Washington are considering using the Chained CPI which will cut Social Security benefits for seniors, veterans, and the disabled.
The National Committee along with other activists will be protesting the Chained CPI outside the White House tomorrow (Thursday) at 1pm.
Reports that President Obama will not include cuts to Social Security through adoption of the Chained CPI in his 2015 budget is welcome news for millions of seniors, veterans and people with disabilities who are tired of their modest benefits being used as deficit reduction bargaining chips. While it appears the White House has, for now, listened to the vast majority of Americans, of all ages and political parties, the President has still left the door open for more “let’s make a deal” bargaining with seniors’ benefits. He’s taking one step forward by keeping the Chained CPI out of his budget. We hope he won’t end up taking one step back by offering it up again later during any budget talks.
Read the rest of our statement about this news here.
WASHINGTON – A controversial proposal that would save the government billions by changing the way Social Security benefits are adjusted each year would actually give seniors more spending money, Republicans in the House of Representatives claimed Monday.
The Chained CPI IS a benefit cut to Social Security beneficiaries.
This year’s 1.3% #SocialSecurity cost-of-living adjustment (COLA) is not enough to meet seniors’ rising living costs. Older Americans need a fairer inflation formula now! https://www.ncpssm.org/campaigns/boost-social-security-now/