Some people (mainly Democrats in regard to Social Security) just can't handle the truth--
Social Security changes challenge Democrats | www.ajc.com: ". . . The term refers to changing how inflation is calculated, affecting a slew of policies including Social Security benefits and marginal tax rates. The government currently uses the consumer price index, based on a fixed set of goods. A “chained” consumer price index takes into account the fact that people are likely to substitute more expensive goods for cheaper ones as prices shift, and many economists argue it is a more effective measure of inflation. And in a town looking for ways to save money, it’s a bonanza: The Committee for a Responsible Federal Budget, a group pushing the chained CPI as part of a budget deal that follows the Bowles-Simpson fiscal commission’s outline, estimates the switch would save $236 billion over the next decade if implemented in 2014. . . . "
Hogs at the Trough and the Trough will soon be Empty!
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1 month ago
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