The AFL-CIO is not usually an activist organization but they can see the writing on the wall. The Obama Administration has in the past supported attacks on Social Security checks by using the benign sounding term “Chained CPI”. This will cut Social Security income for retirees and people with disabilities and will hurt Social Security recipients for years down the line. It is particularly nefarious because the rich pay nothing to Social Security on any income above $113,700.
There was a small rally in Washington D.C. on October 4th and a few brave Democrats spoke out against using the government shut down as an excuse to implement the “Chained CPI”.
My favorite speaker was Rep. Mike Honda (D-Calif.) who quoted his mother: "Instead of talking about the 'chained' CPI or cutting benefits, my mom would say you just need to make the pie bigger, we're just going to talk about one cut—and that's cut the crap....Cut the crap, scrap the cap." Scrapping that arbitrary cap would go a long way to shoring up Social Security's future.