As the Center for Economic and Policy Research said, "Over time, changing to the Chained CPI would result in significant cuts to Social Security benefits: a cut of roughly 3 percent after 10 years, about 6 percent after 20 years, and close to 9 percent after 30 years. In addition, lower-income retirees would lose much larger proportions of their income than wealthy ones."
- President Obama
No to the Chained CPI, a Social Security cut for the Poor!
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