Senate Session 2011-07-27 (13:56:17-14:59:23)
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1:01:20
Senate Session 2011-07-27 (14:59:03-16:00:22)by CSPANSenate2011101 views- 1:04:36
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The premise being a Chained-CPI is that if the price of steak goes up, the recipient will buy chicken instead, so adjust the COLA based on chicken, not steak.
The flaw in this ridiculous scam is that expenses for the average elderly/disabled isn't about steak or chicken, but medical bills and drugs (which are always skyrocketing) and transportation, and housing, which are also going thru the roof.
If anything, the COLA as it is is too low and should be raised, not lowered.
MiHiVidz 7 months ago