MoveOn Calls Obama’s Proposed Social Security Cuts ‘Unconscionable’

[vduhr]

15. I also receive SS.

The "cuts" he is proposing, is the Chained CPI, which, from what my limited understanding of the Consumer Price Index is, will effect the COLA raises for SS and may result in smaller increases each consecutive year. I started collecting SS last year, and have only received a total of 5.3% in increases (about $55 total, whoop dee doo!). Prior to that (before I was collecting SS), there had not been a COLA for two years because they claimed inflation was too low. Oddly, those were the only two years since COLA was enacted that there were no raises. I may be wrong, but my concern is that we will continue to get smaller raises anyway, regardless of Chained CPI or not, or we may get none. I don't know if the Chained CPI will guarantee at least some raise each year, as prices will continue to grow? Does anyone with a better sense of CPI know the answer?