“President Barack Obamas newest offer, like Boehners, embraces the use of the chained consumer price index, a formula for calculating inflation that would reduce the growth of Social Security benefits by making annual cost-of-living adjustments smaller.”
Of course. Fat welfare momma is only stealing $80,000 per year, once you figure in a free house under Section 8, free EBT food, six kids on SS disability pulling in $660 monthly and cash payments for drugs, Cadillac installments and beer and coke for her kid’s six daddies.
More cash needs to be stolen from retirees who paid into the ponzi scheme.
And, in the beginning, the recipients were said to be the ones putting the money in. Then government lied, and later added non-payers to the list of recipients.
Not to be contrarian but I noticed a retired Cop in CA was getting $174,000.00 a year in retirement, at age 53. He left the job with lump of cash for unpaid leave totaling around $480,000.00, so it is not just the welfare queens but the Union thugs as well.
I think the CPI index no longer considers food and energy costs when calculating inflation.