The offer of the Chained CPI is a 'Brilliant Strategy'! Could someone explain this please?

[sabrina 1]

91. The SS Fund has more than one source of revenue. That is why despite the

shortfall in SS Taxes, the fund still showed a surplus every year over the past several years despite the economic collapse and high unemployment. It will show a surplus this year also.

You are correct that SS has already been cut by this administration by refusing to pay a COLA for two years using the egregious claim that there was no inflation during those years. And in the coming year there will be a further cut making the claim that inflation is lower than it actually is for those dependent on SS.

Another attack on SS was the 'tax holiday' which certainly made no sense IF the WH really believes that SS needs 'strengthening'. The last thing that should have been done was to deprive it of any funds whatsoever.

Cut funds, cut benefits, this is what we got from a Dem Administration and now promises of more cuts.

Since most of those finally receiving their earned and paid for benefits ARE the poorest and most vulnerable Americans, Veterans, Retirees many with no other source of income, dependent children, widows, the disabled, that sort of makes these promises questionable at best.

But most important of all is the fact that SS is solvent, it needs no 'fixing' at the moment, it receives interest on the bonds as do all other creditors, and it definitely does not belong anywhere near this discussion which a majority of Americans, including some of those who are the most informed about the issue, agree on.

Iow, this Fund belongs to the people. Erskine Bowles, Alan Simpson, Pete Petersen, Republicans and/or Democrats have zero right to touch it other than to make certain that not only are there NO cuts, no matter how they are dressed up as Chained CPIs or anything else, but that the people get the MOST out of their own fund.

This issue can be discussed by Congress, publicly with the people's approval, where the best way to extend the solvency of the program will be to raise the cap, stop the wars, end the Bush Tax Cuts, increase benefits and leave as little in the fund as possible so that the Gamblers in Congress cannot borrow from the fund for their various gambling habits. But it should never ever have been attached to any discussion of the Deficit, which it did not cause and like all other creditors, it needs to be repaid.