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Dec 29, 2012

No Chained CPI In Fiscal Cliff Deal But No Sequestration Fix Either

     In Social Security terms, the reports about the deal currently being worked out by Senate leaders to avoid the fiscal cliff are remarkable for what's not being discussed -- the chained CPI method of computing Social Security's cost of living adjustment (COLA) and any solution for the sequestration that will dramatically cut Social Security's operating budget on January. Also, the expected deal would do nothing about the debt ceiling problem.

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