The following is a statement from Maya MacGuineas, President of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt:
WASHINGTON, July 11, 2013 /PRNewswire-USNewswire/ -- "Today, House Ways and Means Committee Chairman Dave Camp released a 'discussion draft' of proposals to affix Social Security's measure of inflation to the chained CPI. The discussion draft showed concrete ways in which we could switch to the most accurate measure of inflation and thus pay benefits at levels reflecting the intent of the law – no more and no less – while also protecting those beneficiaries who would otherwise be adversely affected by the policy change. Ideally, we would switch to the correct measure of inflation throughout both sides of the budgetary ledger.
"By showing that there are ways to switch to the chained CPI while insulating the most vulnerable, the discussion draft echoes President Obama's budget, which also offered ideas on how to approach the chained CPI while protecting these same groups. The Campaign to Fix the Debt applauds Chairman Camp for adding to this important discussion."
For more information about the Campaign to Fix the Debt, please visit www.fixthedebt.org.
SOURCE Campaign to Fix the Debt