social security chained cpi

13 Jack Bradford Lobby Day
AARP Volunteers from Every State Visit Capitol Hill to Urge Separate Social Security Debate,
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Chained CPI represents a shattered promise—at a high cost—to seniors, to people with disabilities, and to veterans.  Proponents of chained CPI portray it as a more accurate indicator of the cost-of-living.  It is based on the notion that when the cost of an item goes up, you simply switch to a cheaper alternative.  But, that cost would grow higher year by year, making it increasingly harder to pay for groceries or heat or medicine. 
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