A new measure to calculate inflation that's catching on in Washington, D.C., would have a big impact on how much cash is distributed by Social Security.
More important for politicians debating how to fix the nation's bloated budget: Analysts say it would cut the deficit by $200 billion to $300 billion over the next decade.
The bipartisan "Gang of Six" plan presented by six senators last week proposed shifting to a so-called chained consumer price index. The traditional CPI simply tracks a basket of goods, everything from cars to kitchen utensils. The basket of goods doesn't change.
The chained CPI shifts goods in the basket every few years, based on consumer preferences. The idea is that if the price of a good such as beef shoots higher, consumers will start buying more chicken. The basket would then give a larger weighting to chicken than beef.
7 comments:
Evey single system in Washingto DC is designed . . . DESIGNED to short the citizen (screw the citizen, cheat the citizen, rob the citizen).
Our government has become evil in every sense of the word.
How about you move if you hate it here so much.
There's nothing evil about this. Social Security wages are designed to help recipients keep pace with inflation, not as merit raises for managing to not die.
Does this mean our social security lock box is empty?
The Dems have been fudging the unemployment numbers, the inflation numbers, and the misery index for a long time.
Most sheeple won't look past the news report.
The TV weather broadcasters do it too, by using "heat index" numbers and "Wind chill" numbers instead of real temperatures.
Cops fudge the crime statistics by reclassifying crimes different ways.
Schools do it with achievment scores.
It's all a manipulation game.
I'm tired of hearing the crying from the baby boomers too. They paid hundreds of dollars and are taking thousands of dollars out of the plan and robbing those who have paid....to death....and complaining about it!! Those who paid the most, those who are going to retire in about 10-15 years are going to get pennies on the dollar. I think you should get what you paid and shut up!! If you didn't pay, you have no right to play!
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