We connected with Ellen Shaffer of the Center for Policy Analysis. She’s quite knowledgeable about budgetary matters and believes that we cannot afford to balance the budget on the backs of our seniors. The effort to implement the chained CPI adjustment for veterans and seniors will cost them dearly by understating the true rate of inflation. She believes that it’s far better to tax the rich and large corporations at higher rate than under current law. In addition, she believes that Social Security is solvent and everyone will receive their benefits.
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