""Although specifics have yet to officially emerge, there is little doubt that among the Social Security benefit cuts the President is proposing will be a reduction in Social Security's annual cost-of-living adjustment (COLA) through an obscure change in the COLA formula known as the chained CPI (Consumer Price Index).
Update for those who haven't seen it: The Washington Post reported last night that President Obama is "proposing significant reductions in Medicare spending and for the first time is offering to tackle the rising cost of Social Security," in a meeting with top House and Senate leaders this morning. Apparently those cuts to Social Security and Medicare would be part of a $4 trillion debt reduction package--a larger deal than the $2 trillion one that had been talked about until this point.""
Note that COLAs are not part of the normal SS payments, a point the demopublicans continue to overlook. And the proposed modification will raise tax revenues, supposedly (tho' perhaps some will get smaller cola checks--none of which have gone out in... Barrytown).
only time will tell, if you got the Bear--or the Bear got you/S-Dan