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View Diary: Abbreviated pundit round-up: A Social Security change that liberals don't love (77 comments)

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  •  In life, I do eat more chicken as the price of (0+ / 0-)

    beef goes up, so that doesn't bother me.

    An earlier question, though, seems far more relevant: Are the costs of seniors properly reflected in a CPI geared to the populace at large.

    I don't quite get the comment about seniors' higher exposure to medical costs -- Medicare should actually result in a lower exposure -- but seniors do have different overall needs from young people.

    That would seem to argue for a special Seniors' market basket if CPI is to be used for SS adjustments, chained or otherwise.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Mon Apr 15, 2013 at 07:19:15 AM PDT

    [ Parent ]

    •  Here's a good take on those questions (3+ / 0-)

      Dean Baker at CEPR has written a lot on this.  I think he'd answer your questions: http://www.cepr.net/...

      •  Not too bad. (3+ / 0-)

        Two relevant points, I thought:

        1. A cost of living adjustment should reflect the cost of living for seniors.  if that requires a special senior index, then we should use a special senior index.

        2. Monkeying around with the numbers for budgetary considerations is the wrong way to go.  We should use the approach that best represents the cost of living as seniors face it.  COLA should represent neither a gain nor a loss.  If somebody wants to increase/decrease benefits, that's exactly what they should do -- increase or decrease benefits.  The fact that something is a poltiical hot potato is a reason NOT to get slippery under the covers.

        LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

        by dinotrac on Mon Apr 15, 2013 at 07:44:44 AM PDT

        [ Parent ]

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