Chained CPI part 3

Republicans intend to reduce Social Security payments to the retired in the future. One way they plan to do that is by replacing the annual cost of living increase with a different formula, the chained CPI, which produces smaller increases. In theory, Social Security recipients can buy less expensive goods and services when their income does not match inflation. However, if a Social Security recipient is already scraping the bottom of the barrel, how can he/she make do on less? It’s like asking a person surviving on cat food to give up Fancy Feast and switch to the house brand. I have noted that, except for Paul Ryan, none of the Republican advocates of cutting Social Security has a lean and hungry look.

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