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Sep 21, 2006

GAO Report On Social Security Indexing

The Government Accountability Office (GAO) has issued a report on different ways that Social Security benefits might be indexed for inflation. Basically, the report concerns the possibility of using a different formula that would reduce cost of living adjustments of current or future beneficiaries in order to save money. This report is a sign of the continued interest of Republicans in the Congress and the Executive Branch in reducing Social Security expenditures.

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