A while back, we were jumping up and down about the government’s attempts to implement the use of a “chained-CPI.” If implemented, it would lower the government’s measure of inflation and reduce cost to Social Security, Food Stamps and other payments that are regularly adjusted for inflation. Sure, it’s a bit technical, but in other […]
Tag Archives: Chained-CPI
Chained CPI Will Slowly Rob Social Security Beneficiaries
Just a little history for those not following the fraud in Social Security: In the recent negotiations, just about the only thing the administration and Republicans could agree on was the introduction of a new measurement device for inflation, which would be applied to the Social Security program. To summarize, over time the new measurement of inflation […]
Plan to Cut Social Security Through Inflation Continues
As we predicted here a few weeks ago, President Obama and the congress are moving forward with their intentions to alter how the government measures inflation as a way to save around $300 billion over 10 years. The government is required by the Social Security Act to match inflation when it pays out benefits to […]
Politicians Plan to Alter the CPI, Stealth Cut to Benefits and Higher Taxes
This may seem a bit “inside baseball” to some, but believe me this effects each and every one of us. Manipulation of the CPI is one way the government can make things look calm and pleasant while inflation is raging. It amounts to outright theft from the poorest elements of our society to benefit connected elites. The […]