The Hill News

While many Americans resolve to lose weight, quit smoking, and save more money in 2012; the United States Congress can resolve to take a fairly simple action that will correct a longstanding wrong and finally address a problem that impacts nearly 55 million older Americans. That problem is the flawed Consumer Price Index (CPI) used to set the annual Social Security Cost-of-Living Adjustment (COLA) that beneficiaries (and military retirees) depend on to save them from the ravages of inflation. The solution is H.R. 1086, the CPI for Seniors Act cosponsored by Representatives John “Jimmy” Duncan, Jr. (R-TN) and Dan Lipinski (D-IL), along with a bipartisan group of their House colleagues. Why is passage of the CPI for Seniors Act a must?

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