What Chained CPI Really Means

Yves Smith (boldface mine):

To put it more bluntly, no one is willing to talk about the fact that Social Security and Medicare cuts equal having old people die faster and that the proposals to do that are indirect and they have labelled them in technical language so that most people won’t realize that’s what is happening. I mean–chained CPI–that’s a ‘my eyes glaze over’ term. That’s the mechanism by which Social Security is going to be cut, is that the cuts will basically lag the inflation that seniors experience.

It’s all the more awful considering there is no crisis requiring such slaughter.

We are governed by fools and sociopaths.

This entry was posted in Basic Human Decency, Social Security. Bookmark the permalink.