Chained CPI

  The debate over Social Security now includes the phrase “Chained CPI.”

In today’s Congressional Corner, Vermont Senator Bernie Sanders tells WAMC’s Alan Chartock that benefit programs like Social Security are in fine shape for the future.

  The “Chained CPI” plan has many Americans up in arms.

In today’s Congressional Corner, New York representative Carolyn Maloney tells WAMC’s Alan Chartock that President Obama may be trying to meet the GOP halfway on entitlement reform.

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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.