12/20/2012 – Chained CPI: Diet COLA for Social Security (The Wall Street Journal)

As negotiations between President Obama and Speaker Boehner rapidly close on the end of the year deadline for avoiding the fiscal cliff, media attention has been focused on the back-and-forth over increasing taxes.

But there hasn’t been much attention to the spending side of the negotiations. That is, however, with one exception — changing the way Social Security Cost-of-Living Adjustments (COLAs) are computed.

Read the full article at The Wall Street Journal.