WHEREAS, Democrats created Social Security nearly 80 years ago as a safety net for our nation's neediest, and
WHEREAS, millions of elderly and disabled Americans rely on Social Security to provide for their basic needs, and
WHEREAS, adopting “Chained Consumer Price Indexing” is projected to take out as much as $112 billion in benefits payments over the next 10 years, and
WHEREAS, “Chained CPI” will mean that our nation’s neediest will see benefits lag behind rising costs for basic needs,
THEREFORE, RESOLVED, the DPDC opposes “Chained CPI” as part of any budget solution.