JUST SAY NO! Adopting a chained Consumer Price Index (CPI) for Social Security would cause hardships for America’s seniors, veterans, and all Americans. We must stand firm for our seniors and veterans, and reject the proposed cuts that adopting the chained CPI would mean versus the traditional CPI currently used. The chained CPI assumes that if the price of something goes up, people switch to something else that is cheaper in order to financially cope with the new financial reality. The problem with this logic for seniors is that many expenses for seniors include medications and health care. The prices for these items in a senior’s budget tend to go up regardless of demand. It is estimated that the chained CPI would result in the loss of a full month’s income each year for seniors, veterans, and others dependent on Social Security. Seniors, veterans, and all Americans deserve better. They have paid into Social Security for many years, and shouldn’t have to rely on their families or others for their survival. Chained CPI is an idea that is not sound, and would visit hardship and deprivation on Americans relying on a sound and dependable Social Security Program. When I’m elected to Congress I will fight for seniors, veterans, and all Americans and vigorously oppose changing from the current CPI to the chained CPI in determining cost of living adjustments for Social Security.
Posted on: Thu, 15 May 2014 17:49:33 +0000
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