Monday, September 23, 2013 at 9:05 am (Updated: September 23, 9:27 am)
A flawed policy initiative called the chained CPI is gaining steam in Washington budget talks that would short-change Hoosiers who receive federal benefits such as Social Security and federal annuities by lowballing their annual cost-of-living adjustments.
Chained CPI supporters have tried to minimize the consequences it will have on seniors, retired federal employees and veterans by calling it a “technical adjustment” or “better measure of inflation.”
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