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Struggling to keep their heads above water economically, what the president s proposal will do is say to a 65-year-old woman in vermont, in ten years you will be receiving $650 a year less in social security benefits than you otherwise would have and when you re 85, about $1,000 less. also, i speak as chairman of the veterans committee. we re talking about major cuts in benefits for disabled veterans. you do not balance the budget on the backs of the elderly, disabled veterans or sick people. so is what you re mainly frustrated with is the fact of changing to do the chained cpi as opposed to the pay it s currently calculated which is cpiw? that s correct. the truth of the matter is that i and many economists would argue that the way you formulate cpis for seniored today is ....