The Obama Administration Is Scared of an Accurate Consumer Price Index

It would have been helpful to note this fact in an article discussing the Obama administration's proposal to cut Social Security benefits by adopting a chained consumer price index as the basis for Social Security cost of living adjustments (COLA). The piece notes claims that the chained CPI provides a more accurate measure of the rate of inflation, then tells readers:

"Some argue that the chained CPI would cheat seniors by understating inflation for the elderly, who spend more on health care...