24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Social Security Petition Sent to the White House

WASHINGTON, April 9 (UPI) -- Advocates Tuesday delivered more than 2 million petition signatures to the White House, protesting a planned switch in calculating Social Security benefits.

The budget President Obama plans to unveil Wednesday is expected to recommend a switch in calculating cost of living adjustments to Social Security to a method known as chained CPI, which is projected to reduce increases in the cost of living by 0.3 percentage point a year, reducing Social Security spending by an estimated $112 billion in the next decade.

Source: UPI. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement