LETTER: Adjustments should be shared by all
To the Editor:
I was appalled to read that the president's budget proposes to use the chained CPI instead of the consumer Price Index to calculate the cost-of-living adjustments for Social Security. We are told that the chained CPI is a more accurate way for measuring inflation because, "if prices rise people will choose a cheaper substitute, i.e. if beef becomes more expensive people will buy chicken."