We oppose any proposed cuts that would limit the amount of benefits paid to Social Security recipients. This includes Retirement Social Security, SSD and SSI. Further, the current formulation for determining Cost of Living Adjustments (COLAs) is inaccurate and uses only the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). A more accurate and fairer price index would need to be established. One that takes into account factors such as changes in taxes, health care, water and air quality, crime levels, consumer safety, and educational quality.
References for further info:
1) Problems with the CPI
http://qrc.depaul.edu/djabon/cpi.htm#6
2) Social Security and the Consumer Price Index for the Elderly
http://www.ny.frb.org/research/current_issues/ci9-5.pdf