And so the way that it's figured right now is based off of name brand products. And it creates this sort of hyperinflation the way it's done now. So If we can peg Social Security to a chain consumer price index, then it really reduces the cost of Social Security in the long term. Without reducing people's buying power. And that's what we want to do, is make sure that seniors don't have any reduction in cost of living, in buying power and that … (22:47–22:58)
CLAIM
Asserts that linking Social Security to a chain consumer price index will reduce its long-term costs.
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