Obama’s Offer on Fiscal Talks Is “Insanity” | Alternet

The chained CPI would cut about $6,000 worth of benefits in the first 15 years of retirement for the average 65-year-old, and $16,000 over 25 years. “This change would be devastating to beneficiaries, especially widowed women, more than a third of whom rely on the program for 90 percent of their income and use every single dollar of the Social Security checks they’ve earned,” Ellison added.

via Obama’s Offer on Fiscal Talks Is “Insanity” | Alternet.

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