The Chained CPI

Changing the way Social Security cost of living adjustments are calculated will reduce benefits but it will not help lower the debt.  Social Security has never added one cent to the debt.

But if you switch all government calculations to the chained CPI you will also lower VA benefits.  That will save the government money but screw over veterans.  And tax brackets will adjust more slowly so a small raise may push you into a higher tax bracket even if you only make $20k a year.

Talking about Social Security and COLAs and the debt is either just a disingenuous – or stupid – way to cut Social Security benefits without helping the debt at all, or it’s a smokescreen to cover cutting veterans’ benefits and increasing taxes on the poor and middle class.

Or it could be all of the above.