Seniors and chained cpi

by Linda Beale

Robert Reich: Chained CPI Makes No Sense For Seniors

With, Robert Reich has produced a new video on the proposed change to Social Security that would REDUCE BENEFITS for seniors and wreak the most havoc on the most vulnerable.  As he notes in the video, the proposed change–which the Obama Administration has supported, presumably as a way to win favor with the radical right in the GOP that wants to significantly reduce Social Security and Medicare benefits–isn’t necessary since Social Security isn’t hurting for cash, won’t be fair to elderly recipients who already face increased medical costs and decreased income to pay for them, and won’t do a thing about the deficit (which is the wrong focus, anyway).