By Lauren Victoria Burke
Crew of 42
December 19, 2012
Rep. John Lewis quickly came out in opposition against
President Obama’s latest fiscal cliff proposal which
included a cut to Social Security.
“After seniors suffered through two years during some
of the roughest economic times in recent American
history without seeing a Cost of Living Increase, there
are some suggesting a significant change to the formula
used to calculate cost of living adjustments for Social
Security beneficiaries. An obscure term is being used
to refer to this cut—“the chained Consumer Price Index
or chained CPI”.