Chained CPI: Ugly consequences for seniors

One of the most serious threats facing Montana's seniors and veterans is an acronym you've probably heard recently: Chained CPI. It's a policy you're going to be hearing a lot more of as the budget debate continues to heat up in Washington.

Mary Williams

In his most recent budget, President Barack Obama proposed changing the formula used for determining annual cost-of-living adjustments, called COLAs, that seniors, veterans and those with disabilities receive in benefits, including Social Security, federal and military retirement, disabled veterans' benefits and disability insurance benefits....