Wednesday, October 16, 2013
AARP lobbies against COLA cuts in Social Security
AARP has a short posting on the proposed COLA adjustments and chained CPI proposals, which will certainly come up in budget negotiations this winter. It has a chart on how the COLA proposals “could affect you”, here.
Of course, changes in the COLA formulas could be implemented gradually, and will seem less drastic than many other proposals that will come up with entitlement reform, like means testing, some of which could come quickly, and which might even have been proposed in a default environment as an emergency.
So it’s not possible just to protect one group’s interest when there is a crisis. But this crisis was self-inflicted.