Chained CPI Is a Bad Idea

I’ve seen this style of argument made before by liberals.  To see conservatives endorsing it is heartening and a sign that it is a well-founded critique:

http://www.nationalreview.com/articles/345557/chained-cpi-bad-deal-all-around-andrew-biggs

tl;dr: chained CPI cuts social security costs by falling hardest on the oldest (that is, the poorest) and by not cutting benefits progressively (it treats everyone the same)

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