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Social Security

Posted: February 25, 2014 10:07 a.m.
Updated: February 26, 2014 5:00 a.m.

Last year President Obama approved a budget plan that would change the way Social Security increases are calculated, moving them from a process determined by the consumer price index to one set by a process known as chained consumer price index. That was encouraging to the millions of Americans who are concerned about the runaway spending problems that are threatening the nation’s economy. Many economists favor the chained concept as being a more accurate way to measure the rate of inflation.


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