CHAINED CPI
10/04/13 12:54
“Tote that load.“, said Tennessee Ernie Ford in in a song from the 1950s.
And in 2013 we are getting ready to put that weight right on the backs of the old, of the sick, and of the disabled.
According to the businessinsider.com in an article by Walter Hickey on April 9, 2013, quoting a study by the Center for Economic and Policy Research:
“Switching to the Chained CPI immediately would have a more significant impact on the retirement of seniors than the ending of the Bush-era tax cuts would have on the after-tax income of the wealthiest 2 percent of households. For the average worker retiring at age 65, this would mean a cut of about $650 each year by age 75 and a cut of roughly $1,130 each year at age 85.”
Get ready for the new America. No need to cut them off when they become too expensive. . . Just slice the level of their benefits and let them slowly fade away. . . a little more quickly. . .
And in 2013 we are getting ready to put that weight right on the backs of the old, of the sick, and of the disabled.
According to the businessinsider.com in an article by Walter Hickey on April 9, 2013, quoting a study by the Center for Economic and Policy Research:
“Switching to the Chained CPI immediately would have a more significant impact on the retirement of seniors than the ending of the Bush-era tax cuts would have on the after-tax income of the wealthiest 2 percent of households. For the average worker retiring at age 65, this would mean a cut of about $650 each year by age 75 and a cut of roughly $1,130 each year at age 85.”
Get ready for the new America. No need to cut them off when they become too expensive. . . Just slice the level of their benefits and let them slowly fade away. . . a little more quickly. . .