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Trumka warns Dems: stick by Social Security, Medicare
His warning is notable because some Democrats, including President Obama, have at least hinted they favor changing the way Social Security benefits are calculated by linking annual cost-of-living increases to the “chained CPI,” rather than the previous year’s rise in the regular Consumer Price Index.The chained CPI, which assumes consumers substitute lower-priced goods when necessary, would cost each recipient thousands of dollars in the years after age 65...Read More
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