"The $500 billion in cuts would come from a range of sources, including shifting to a new consumer price index to make cost-of-living adjustments to Social Security." Care to wager what the bulk of this $500 billion will come from: that's right - social security, whose deliverable obligations will plunge as suddenly the inflation variable in the actuarial calculation will very mysteriously be cut courtesy of Senate-endorsed theft. "
Bottom line: our initial prediction that absolutely nothing will change now appears been optimistic, as the net result will be a far worse outcome, one which effectively changes the rules vis-a-vis inflation tracking, making stealth devaluation a core premise of this and any other future "deficit reductions."
Once again, middle-class America is about to be raped by its own "representatives" while the banking oligarchy flourishes.
http://www.zerohedge.com/article/senate-nears-debt-ceiling-consensus-which-revolves-around-changing-cpi-definition
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