Robert Reich - WHY THE CHAINED-CPI FOR SOCIAL SECURITY IS A TERRIBLE IDEA

WHY THE CHAINED-CPI FOR SOCIAL SECURITY IS A TERRIBLE IDEA

The White House and prominent Democrats are talking about reducing future Social Security payments by using a formula for adjusting for inflation that’s stingier than the current one. It’scalled the “Chained CPI.” I did this video so you can understand it — and understand why it’s so wrongheaded.