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Fiscal cliff woes could hurt older Montanans

As the debate in Washington rages over how to avoid the fiscal cliff before the Jan. 1 deadline, some lawmakers are using Social Security and Medicare as bargaining chips.

Among the proposals under consideration by legislative leaders is an effort to reduce the Cost of Living Adjustment or COLA that is regularly made to Social Security benefits.

Joy Bruck

The proposal on the table would change the way the COLA is calculated by moving to a chained consumer price index, or chained CPI. The proposal is complex, but the result is easy to understand — this change would cut benefits to current...

 

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