While Obama hasn’t released his budget yet, the reports are that it will include a proposal to include chained CPI for calculating Social Security inflation. It’s technical and if you manage to stay awake with a detailed explanation of it, congrats. The bottom line is that the calculations of inflation would rise more slowly on the assumption that seniors, people on Social Security Disability and widows would replace things for cheaper ones, so we can give out benefits at a lower rate than inflation.
I’m asleep just writing about it, but it’s a major benefit cut. To get out ahead of it, I’m writing Senators Cantwell and Murray and Representative McDermott (the 3 people who represent me in Congress). I hope you’ll do the same.
I’m writing to ask you to oppose tying Social Security benefit increases to chained CPI instead of to to inflation. We should be looking at ways to increase benefits to seniors who’ve been paying into the system their whole lives, or at the very least preserving the current benefits.
Social Security is not in crisis right now. While some tweaks may be necessary down the line, they shouldn’t be made just to show that you’re doing something. it’s also abhorrent to talk about benefit cuts — either through this sort of thing or raising the retirement age — before raising or eliminating the earnings cap all together.