Charles Krauthammer is A Short Term Thinker

Charles Krauthammer is not impressed with President Obama's proposal to cut the cost of living adjustment for Social Security. He complains:

"First, the proposal — “chained CPI,” a change in the way inflation is measured — is very small. It reduces Social Security by a quarter of a penny on the dollar — a $2,000 check reduced by a five-dollar bill."

This is a correct statement (or almost correct statement, the Social Security Administration estimates the impact 0.3 percent annually) on the fi...