WASHINGTON, April 29, 2013 /PRNewswire-USNewswire/ -- "Adopting the chained CPI is a technical improvement to the way inflation is measured – it is neither a 'tax increase' nor a 'benefit cut' as some special interests prefer to describe it. Lawmakers should act now to ensure that the government is using the most accurate measure of inflation and thus raising revenue and paying benefits at levels reflecting the intent of the law – no more and no less.
"While economists from across the ideological spectrum agree on the accuracy of the chained CPI, interest groups from both the left and right are invested in the status quo, because it serves their own narrow purposes. Fortunately for Americans, our elected leaders have sworn to serve a higher interest: the national interest. The Campaign to Fix the Debt urges our leaders to keep all deficit-reducing policy options on the negotiating table – especially options that represent a simple technical correction with strong bipartisan support."
For more information about the Campaign to Fix the Debt, please visit www.fixthedebt.org.
SOURCE Campaign to Fix the Debt