I’d like to thank Senator Elizabeth Warren for her unwavering leadership against “chained CPI,” a cost-of-living adjustment that would hurt seniors, the disabled, veterans, and children who receive Social Security benefits (“Obama, allies at odds on budget,” Page A1, Oct. 28).
Chained CPI is a fancy Washington term that really means cutting benefits.
As Warren knows, chained CPI would especially hurt women because they typically live longer, rely more on income from Social Security, and are more likely to be poor than men. Those with disabilities would suffer because they rely on Social Security payments beginning at a younger age, which makes it increasingly difficult to afford to remain in their homes and communities as they age.
Veterans, the very people who defend our country and makes sacrifices along with their families, would be hard hit, especially disabled veterans, since they rely on these benefits starting at a younger age and spend a larger share of their income on health care, which rises faster than inflation.
In addition, I remind Globe readers that Social Security is self-financed, and payments are earned benefits, not entitlements. They are provided to Americans and their families, who have paid into the program over a working career.