Posts Tagged ‘ federal debt ceiling issue ’

JUST WHAT IS THE CHAINED CPI?

Apr 23rd, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog, Social Security & Medicare

Every time a new concept surfaces on the national scene, there is a flurry of articles about it on the Internet. Some of what is written is obviously biased toward one political camp or another. Such is the case with the chained CPI. We thought trying to take a look at it as objectively as possible might be helpful.

First, the chained CPI is part of President Obama’s 2014 budget plan as it relates to Social Security.

Second, a number of government programs (like Social Security) calculate benefits based on the rate of inflation. Inflation is a measure of changes in the cost of living, which typically increases to one degree or another annually. There are different formula used for calculating changes in the cost of



Senior Finances: Understanding the Federal Debt Ceiling Issue

Jan 14th, 2011 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

We senior citizens have all been reading a lot about the federal debt ceiling issue; some of us supported candidates based on their commitment not to increase federal debt.  They said they would not support any legislation that would increase our national debt.  Now we are being told those politicians who said they would not (never) [...]