Why Obama’s Stealth Social Security Cut Is Bigger Than It Seems

[eridani]

http://tpmdc.talkingpointsmemo.com/2013/04/why-obamas-stealth-social-security-cut-is-bigger-than-it-seems.php?ref=fpb

In other words, prices rise faster for seniors than for the population at large — which means slowing the growth of cost of living increases will particularly disadvantage seniors, who are already seeing their living costs outstrip their benefits.

“The possibility that the cost of living may grow at a different rate for the elderly than for the rest of the population is of particular concern in choosing a price index for Social Security COLAs because Social Security benefits are the main source of income for many older people,” CBO writes.

For the past few years, this phenomenon has reversed, thanks in large part to the slowing growth of health care costs and the collapse of housing prices. But that’s likely temporary.

“CBO … anticipates that the CPI-E will outpace the CPI-U in the future.”

[newfie11]

1. Yep like the increases were so big to begin with

Thanks Obama. I don't know where the person I voted for twice went. This new person Is not who I voted for.