Advocates across the nation and in Vermont are raising red flags over President Obama’s inclusion of a Chained CPI in the proposed budget proposal. The system would use the Chained Consumer Price Index as the cost-of–living adjustment for Social Security, Medicare, veterans and other programs. Opponents say it will in essence cut benefits to those programs.
Most people have never heard of the "Chained CPI", a proposal in Congress that would, if approved, reduce benefits to veterans, federal retirees and Social Security recipients. Vermont Senator Bernie Sanders and numerous groups discussed their efforts to stop the Chained CPI during a conference call Friday.