General Discussion

That is if the person working minimum wage works 40 hours a week just about every week of the year at the federal minimum wage.

That is another way of saying that the average Social Security benefit is just enough to provide a subsistence level income for a senior.

The chained CPI or any other policy that cuts Social Security or Social Security increases will put millions of seniors under the poverty level. They will fill the gaps just as the 1/2 of seniors who receive less than the average just-above-poverty-level benefit. They will apply for food stamps, other government and charitable support.

There is no way to make Social Security any cheaper. It is already a rock bottom pay-out for seniors.

Same with Medicare. If you cut Medicare, you will just bankrupt seniors. They will have to go to nursing homes, and paying for their board and care after they are bankrupt falls on the state or in some states on their children. Yes. By law, in California, for example, children are responsible for supporting their indigent parents. So, forget about cutting Social Security or Medicare. You would just be shifting the cost of feeding and clothing seniors from one account to another.