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Earlier this week, Senator Bernie Sanders (I-VT) joined a large coalition of groups representing organized labor, seniors, veterans, women and progressives in delivering over 2 million petition signatures to the White House demanding no cuts to Social Security, Medicare, Medicaid and disabled veterans' benefits.

In his speech, Bernie said:

“Our job in the coming weeks and months… is to rally tens of millions of people who understand that in this country the middle class (and) working families are hurting, and we’re not going to balance the budget on their backs.”

“Anybody in the Congress who believes in cutting these … benefits … may well not be returning to Washington.”

President Obama's budget, released Wednesday, would cut benefits for Social Security recipients and disabled veterans through a so-called "chained consumer price index"(Chained CPI). This proposed change in how cost of living adjustments are calculated would mean that if you're 65 years old today, you would lose more than $650 a year when you reach 75 and more than $1,000 a year when you reach 85.

The proposed change would also affect more than 3.2 million veterans receiving disability benefits. Veterans who started receiving disability benefits at age 30 would have their benefits reduced by $1,425 at age 45, $2,341 at age 55 and $3,231 at age 65. Benefits for more than 350,000 surviving spouses and children would also be cut.

If you haven't yet done so, contact your members of Congress and tell them not to touch Social Security.



Watch: Robert Reich Explains Chained CPI

The Chained CPI, deceptively portrayed as a reasonable cost of living adjustment, is a cut to Social Security that would hurt seniors.

Watch Robert Reich explain why Chained CPI is so stingy in this video, and then sign his SignOn.org petition to President Obama at http://www.signon.org/sign/mr-president-please-do-1/.

Those of us who aren't wealthy have already sacrificed enough!



We should thank our lucky stars that we have Bernie Sanders in the Senate. The Senate on Friday evening voted to block cuts in benefits for Social Security and disabled veterans.

The amendment by Sen. Bernie Sanders (I-Vt.) put the Senate on record against changing how cost-of-living increases are calculated in a way that would result in significant cuts.

“The time has come for the Senate to send a very loud and clear message to the American people: We will not balance the budget on the backs of disabled veterans who have lost their arms, their legs and their eyesight defending our country. We will not balance the budget on the backs of the men and women who have already sacrificed for us in Iraq and Afghanistan, nor on the widows who have lost their husbands in Iraq and Afghanistan defending our country,” Sanders said.

The amendment opposed switching from the current method of measuring inflation to a so-called chained consumer price index. President Barack Obama favors a chained CPI as part of what the White House calls a “grand bargain” that Obama hopes to reach with congressional Republicans.

The proposed change would affect more than 3.2 million disabled veterans receiving disability compensation benefits from the Department of Veterans Affairs. Veterans who started receiving VA disability benefits at age 30 would have their benefits reduced by $1,425 at age 45, $2,341 at age 55 and $3,231 at age 65. Benefits for more than 350,000 surviving spouses and children who have lost a loved one in battle also would be cut. Dependency Indemnity Compensation benefits already average less than $17,000 a year.

More than 55 million retirees, widows, orphans and disabled Americans receiving Social Security also would be affected by the switch to a chained CPI. That figure includes 9 million veterans with an average yearly benefit of about $15,500. A veteran with average earnings retiring at age 65 would get nearly a $600 benefit cut at age 75 and a $1,000 cut at age 85. By age 95, when Social Security benefits are probably needed the most, that veteran would face a cut of $1,400 – a reduction of 9.2 percent.

A chained CPI would cut Social Security benefits for average senior citizens who are 65 by more than $650 a year by the time they are 75 years old, and by more than $1,000 once they reach 85.