Because if Mr. Obama gets his way, your parents will eventually have no choice but to move in with you.
CNN/Money describes Chained CPI as “The Geeky Debt Fix That Might Work.” It will do no such thing. The assumption is that “CPI overmeasures inflation” when in fact, inflation has been systematically undermeasured for many years. So the answer — according to people who don’t have to balance their own checkbooks — is to adjust inflation yet again so we don’t have to pay more going forward.
That means lower cost of living raises for Congressmen, sure. It also means lower raises for mail carriers, IRS auditors, soldiers and sailors (support our troops, right), and everybody on Social Security. So relative to real inflation, all their paychecks will feel smaller and buy less. In general, wages in this nation haven’t kept up with inflation for most of the last 50 years, so that’s going to hurt even more.
And it’s not going to cut deficits. Even if it works as planned, it will only reduce the rate at which the deficit gets bigger. That’s like going on a weight loss plan and bragging that you’re only gaining 2 pounds a month instead of 5.
Never mind that Social Security does not contribute to the national deficit in any way. Never mind that if the eggheads in Washington were really worried about the idea that at some hazy date in the future, Social Security will pay out more than it pays in, they would suggest raising the maximum contribution.
So go ahead and write or call your Representative and Senators. Send email to the White House too. Ask them point blank:
If Chained CPI is enacted, can my mom come live with you? Because I don’t think I can afford it.
Maybe if they get enough calls, they will notice that this is a bad idea.
In Closing: If this were a math test, they’d fail; Judge cuts political gordian knot; Too Big To Fail is Too Big To Exist; his little outburst earned him a $75k fine and a $100k bonus (explain again how sports makes money for colleges??); Kim, even Castro thinks you’re going too far; and huffing bears.