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View Diary: If you think sequester will be bad, wait until they gut Social Security (195 comments)

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  •  That's what I mean. Tiny, incremental. (1+ / 0-)
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    musiccitymollie

    With the chained CPI, SSA recipients will get their COLA most years, just like with the regular CPI. In any given year, the COLA will be just a few dollars less under chained than under regular. But the few-dollars difference is, of course, cumulative. If your increase is $17 instead of $21 this year, well, $4 a month is not a big deal. But increase the difference by $4/mo every year over the 15 or 20 years you'll draw Social Security, and it becomes a difference of $60 to $80 a month.

    (I made those numbers up for illustration only.)

    A lot of things in the sequester will work the same way. Every change in itself is small; but they add up.

    "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

    by HeyMikey on Fri Mar 01, 2013 at 04:02:19 PM PST

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    •  Touche, HM. I'm hoping that younger folks will (1+ / 0-)
      Recommended by:
      HeyMikey

      take away that point, and also call their lawmakers.

      They really stand to lose if the Bowles-Simpson proposals become law.

      Mollie

      "If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” -- Woodrow Wilson

      hiddennplainsight

      by musiccitymollie on Fri Mar 01, 2013 at 05:14:12 PM PST

      [ Parent ]

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