"Chained CPI" might sound technical and boring, but anyone who has closely followed the Social Security debate knows better. It has long been proposed as a deceptive, hard-to-understand way to cut our earned Social Security benefits.
The loss of pensions at Boeing marks a major setback for unions, as employers typically follow the example of other employers at the bargaining table in terms of what constitutes a reasonable demand. Since the financial crash, unions have given up pensions for new hires at large, profitable, industry trendsetters such as General Electric, Verizon, Honeywell and now, Boeing.
Cuts to Social Security Will Hurt Seniors, Veterans, People with Disabilities and Children; Shackle Recovering Economy
The chained CPI has risen to walk among us again in the muttering and jawboning around the government shutdown/debt limit standoff and the search for an exit. We're hearing again about a "grand bargain" on the government deficit -- never mind that the deficit is falling, not rising.
"We will vote against any and every cut to Social Security, Medicare and Medicaid."
“Although this showdown is likely still several months away, we must remain vigilant against any proposed cuts to Social Security, Medicare, or Medicaid. We will not allow far right politicians to hold our vital benefit programs hostage to their irresponsible threat to shut down the government.”
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