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Saturday, July 23, 2011

postheadericon Social security "chained CPI" proposal threatens economic security

Behind closed doors in Washington, the budget negotiations continue. And no matter which deal gets made, it appears the outcome will significantly threaten the economic security of America’s middle class families and seniors. 

As always in Washington, the devil is in the details.

One proposal buried in the fine print of the drafts circulating around Capitol Hill involves shifting how inflation is measured, an approach that would result in Social Security and Supplemental Security Income (SSI) cuts for today’s beneficiaries and future generations.

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