Latest Breaking News
In reply to the discussion: MoveOn Calls Obama’s Proposed Social Security Cuts ‘Unconscionable’ [View all]George II
(67,782 posts)...the President and the so-called "Chained CPI".
I did. I looked back at the last 38 years of history (figured those years proved my point, I could go back further if anyone wants)
It turns out that in those 38 years, the annual increase of Social Security benefits were:
Equal to the CPI in 6 years
Lower than the CPI in 18 years
Higher than the CPI in 14 years
So, it turns out that if the cost of living allowance was tied to the CPI, the annual increases would be GREATER than the increases as calculated using the current method in more years than if it wasn't tied to the CPI, and in six years it didn't matter if it was or not.
So the big, bad, ominous "CHAINED CPI" (ooooh!!!) isn't quite as horrible as some "progressives" would like us to believe. I've seen lots of posts around here bashing Democrats as not being "true progressives". Well, if "true progressives" are going to cry wolf and rail against the President and new ideas, maybe "true progressives" aren't truly progressives themselves?