Topic: Chained Cpi

Representative Dennis Kucinich warned that the "Chained CPI" is a gimmick designed to reduce Social Security benefits. The formula assumes that as prices rise, seniors will switch to cheaper alternatives, which Kucinich characterizes as a "cat food Christmas." This change in cost-of-living calculations would effectively lower the standard of living for the elderly.

Congressman Dennis Kucinich explains the "Chained CPI" proposal, which would lower Social Security benefits by assuming seniors switch to cheaper products as prices rise. The hosts joke that this chains seniors to a "cat food" standard of living.