Reducing Social Security benefits by moving to a chained consumer price index (CCPI) estimated to take $112 billion dollars out of the pockets of current and future Social Security beneficiaries in the next 10 years alone, is inappropriate and unwarranted. Social Security is not the cause of our current large budget deficits. Social Security is a self-financed, off-budget program and any reduction in Social Security does nothing to address the shortfall in the rest of the federal budget.



