This from the AFL-CIO:
Twenty-two senators have signed on to a resolution to reject the Chained CPI because they understand it would hurt millions of veterans, people with disabilities and seniors.
AARP estimates the Chained CPI alone would cut Social Security benefits for seniors, veterans and people with disabilities by $146 billion over the next 10 years. Let’s set aside the fact that balancing the budget on the backs of vulnerable Americans is just plain wrong. Benefit cuts that large would harm our economy—at a time when we can least afford it.
Unlike tax breaks for corporations and the super wealthy, Social Security benefits actually have a positive impact on our economy. Seniors spend their benefits on food, shelter, health care and other necessities that keep our economy going. Social Security benefit cuts are yet another example of austerity that hurts our economy.
This is why we need to stop the failed idea of austerity in its tracks.
And it starts with getting Sen. Baldwin to oppose cuts to Social Security benefits through the Chained CPI.