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The House GOP dials a wrong number on the chained CPI
We’ve documented how the chained CPI–that new and supposedly “more accurate” inflation index that deficit hawks want to impose on Social Security–is really just an unwarranted benefit cut for the elderly. That’s because it consistently delivers a lower inflation reading than the consumer price index traditionally used to calculate retirees’ annual cost-of-living adjustments, or COLAs...Read More
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