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Obama's Sneaky Way Of Cutting Veteran Benefits

As a concession to forces in the GOP who want to see some entitlement cuts, President Barack Obama included a series of cuts to Social Security, disability insurance, veterans' benefits and other programs in his proposed Fiscal Year 2014 budget.

This set of cuts comes in the form of Chained CPI, a fix that entails adjusting the economic indicator that determines the annual cost of living adjustments. This effect compounds over time, costing beneficiaries thousands.

If you think that sounds boring, or sneaky, or dull, you're not alone. That's by design.


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Slowing the rate of increase is not a cut