If no cuts to Social Security, why must the president include "protections for the vulnerable?"

[dawg]

129. A chained CPI would be an institutionalized lie.

The true cost of living is rising faster than even the current CPI. We all feel it. Despite the official inflation numbers being very tame, my dollars buy less and less each year.

For seniors, who spend a disproportionate amount of their incomes on health care services and prescription medicines, the current CPI falls even more short of accurately measuring their increased needs.

To take this already insufficient CPI figure, and then to arbitrarily reduce it by factoring in "substitution-effects", is to add intentional deception to an indicator relied upon for hundreds of purposes, both within and without the government.

It is also a cruel joke on seniors and taxpayers, as benefits are allowed to fall behind the true cost of living and high tax brackets are allowed to creep down to the middle class, providing the government with a stealth tax hike each and every year.

This isn't just a bad idea. It is dishonest and morally wrong.

Even with protections for the "vulnerable".