Disabled American Veterans oppose the Chained CPI

[limpyhobbler]

Thanks to this youtube user for posting this:
http://www.youtube.com/user/WeAreSocialSecurity/videos?flow=list&view=0&sort=dd

[midnight]

1. That's because they know, it means as time goes on, they loose more of their benefits...

[littlemissmartypants]

2. LMSP kicking...n/t

[Doctor_J]

3. Another group abandoned by the president

[midnight]

4. Latest... Now Pelosi saying CPI strengthing social security?

The chained CPI works by assuming that when the price of a product, such as beef, gets too high, consumers don't keep paying the higher prices. Instead, the model predicts they will switch to something cheaper, such as chicken, keeping their cost of living lower and leading to a lower rate of inflation, as measured by the chained CPI. The lower rate of inflation would mean a downward adjustment in cost of living, and thus stingier benefits.

The cuts would start small, but wind up costing beneficiaries thousands of dollars over time, which is why Democrats have traditionally fought the idea.

But Pelosi wrapped both her arms around it Wednesday, insisting she does not regard it as a "cut."

"No, I don’t," she told reporters. "I consider it a strengthening of Social Security, but that’s neither here nor there."


http://www.huffingtonpost.com/2012/12/19/nancy-pelosi-social-security_n_2333285.html