Brass Tacks 2.0... Would YOU Support ANY Democrat That Proposes Cutting SS & Medicare Benefits ???

[JDPriestly]

37. Chained CPI does not figure inflation correctly.

It assumes that when a price go up, people buy a cheaper substitute if one is available.

Let's say the price of beef goes up. Instead of increasing Social Security benefits to reflect the inflation caused by the rise in the price of beef, the basket based on which inflation rates are figured would leave out beef and be figured on chicken. And if the price of chicken went up, then it would be figured on beans and rice. Thus, the chained CPI is simply a way to rationalize forcing seniors into an ever reduced lifestyle.

The average Social Security payment is just barely above the poverty level already. Chained CPI would mean hunger or perhaps in many cases, homelessness for the elderly.

Or, more likely, seniors would apply for food stamps and housing assistance in addition to Social Security. 1/2 of seniors on Social Security receive less than a poverty level income from the program already. I have a friend who gets all of $500 per month. If her husband who is younger and still working dies, she will not be able to live on her benefit. She is well over 65.