To the editor:
Harmful cuts to Social Security and veterans' benefits break the promises to seniors and future generations.
What is CCPI? The Chained consumer Price Index would cut Social Security and veterans' benefits an estimated $127 billion over the next 10 years. Unfortunately, the president and congress are talking about making these harmful cuts to Social Security and veterans benefit programs as part of a deal to reduce the budget deficit.
They are calling it the "Chained consumer Price Index."
If this passes, it would change the way cost of living adjustments are determined, leaving many seniors struggling to keep up with the rising costs of groceries, health insurance, utility bills, etc. As they get older the benefit cuts increase; as the cuts start now and increase every year. Women would be hit especially hard by the new "Chained" CPI, as they typically live longer and those with low incomes rely more on Social Security benefits to make ends meet.
The CCPI would also cut benefits for veterans who have sacrificed so much for our country. Disabled veterans would particularly face deep cuts because their benefits begin as a younger age and last for longer periods.
The CCPI is the wrong solution for seniors and veterans. Please remember that Social Security is not the cause of our nation's large budget deficits.
Social Security is a separate entity. It is an off budget program and is self financed,. Social Security pay for itself.
Any reduction in benefits does nothing to address the shortfall in the rest of the federal budget