Government out-of-control spenders win and the retirees, the elderly, the pensioners, and the saving taxpayers lose

Will Chained Consumer Price Index Punish the Taxpayers?

By Dr. Ileana Johnson Paugh —— Bio and Archives--May 16, 2013

American Politics, News | Comments | Back To Full Article

Leave it to government to try to reduce the budget deficit on the backs of elderly taxpayers. Bureaucrats have decided that the cost of living adjustments (COLAs) have been too generous and must be scaled back. COLAs are made yearly to offset the loss of purchasing power of money due to inflation.

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