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Tag: Washington State Alliance for Retired Americans

July
2nd

Alliance for Retired holds demonstration at state Capitol grounds to protect Social Security COLAs

About 40 retirees belonging to the Washington State Alliance for Retired Americans held a demonstration Tuesday against federal proposals to use a less aggressive inflation factor for calculating yearly cost of living increases for Social Security recipients. One man wrapped his shoulders in large-link chain and others waved placards at passing motorists along Capitol Way to specifically target the “chained” Consumer Price Index, which President Obama signaled willingness to consider in his 2014 budget.

As outlined in a column in Governing magazine, the chained CPI assumes smaller increases in the cost of living by assuming consumers

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