The "Social Security Chain-CPI Massacre": Underhanded, Unnecessary, Unfair, Un-American

By Richard (RJ) Eskow
June 30, 2011 - 10:16pm ET

Do you hear a noise like power saws cutting away at your Social Security benefits? That's the sound of the politicians working on the "Chain Gang."

They're promoting the "chained CPI," Washington's latest gimmick for tricking voters and cutting their hard-earned benefits to protect the wealthy. That may sound like inflammatory rhetoric, but the numbers don't allow for any other conclusion. People retiring today could lose more than $18,000 in benefits over their lifetimes - and people who are already retired will feel the pain too.