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1 Decatur Deb  Sun, Dec 16, 2012 5:23:41am

In fact, the current inflation calculations ensure that the Social Security COL does not keep pace with inflation. The wide notional 'market basket' that is measured is not reflective of the real medical-heavy inflation that aged SS recipients experience. Boehner's changes just makes falling behind more rapid.

2 aagcobb  Sun, Dec 16, 2012 5:45:51am

I bet this will go over really well with the GOP's elderly base.

3 Romantic Heretic  Sun, Dec 16, 2012 5:53:13am

That took longer than I thought.

4 Skip Intro  Sun, Dec 16, 2012 9:24:20am
They included a new inflation yardstick — the so-called chained consumer price index — to reduce cost-of-living increases in Social Security

Of course Boner will be recommending that Congress adopt the same index for its pay raises.

5 lostlakehiker  Sun, Dec 16, 2012 9:26:55am

An inflation index that understates the real rate is convenient for both parties. When inflation pushes people into higher tax brackets and indexing is a half-measure, effective tax rates rise.

6 nines09  Sun, Dec 16, 2012 10:14:01am

re: #2 aagcobb

I bet this will go over really well with the GOP's elderly base.

They thought the other guys were the problem.

7 stabby  Sun, Dec 16, 2012 11:28:06am

Means-testing is the best of the bunch.

BUT, but, people who think they'll get less back will be very upset to see SS change from a kind of savings into a mere tax.

8 Dark_Falcon  Sun, Dec 16, 2012 1:10:40pm

re: #7 stabby

Means-testing is the best of the bunch.

BUT, but, people who think they'll get less back will be very upset to see SS change from a kind of savings into a mere tax.

Nothing to be done about it. Costs have to be cut, and that's going to produce real pain. There are no 'good' options for cutting an entitlement, only bad options and worse options.

9 stabby  Sun, Dec 16, 2012 4:16:33pm

How about option not-on-the-list
Stop making ss tax regressive.

It should be a given % not JUSt on the the first 100k

10 Interesting Times  Sun, Dec 16, 2012 4:39:55pm

Or, raise taxes on deadbeat corporate-welfare-collecting billionaires, and stop subsidizing their lifestyles (*cough* Walmart heirs *cough*)

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