SHOULD CONSUMER PRICE INDEX BE CUT?(LOCAL/STATE)

The premise: Congress is talking about saving money on Social Security. There is talk of cutting the consumer price index by a third to save a few billion dollars over the next several years. The index is the basis of the cost-of-living adjustments (COLAs) made each year to recipients' monthly checks; this is supposed to allow for inflation. Social Security checks in the future will increase, but not as much as in the past, if this idea is adopted. Is it a good idea? Do you agree with it? The perception: People who are not yet old enough to apply for Social Security retirement benefits seem far more interested in protecting the system against cuts and intrusions than do those who are already collecting monthly checks. This was something of a surprise to me.

I don't know what I expected - possibly an uprising of angry seniors insisting that the government has no right to change the rules this late in their game. Admittedly, the sampling was small, but the …