,,iv #aac? ,,congress #a/ ,session ,h4 ,,con4 ,,res4 #cd ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #ah1 #bjac ,mr4 ,cicill9e 7= himself1 ,mr4 ,b>b]1 ,mrs4 ,beatty1 ,ms4 ,bonamici1 ,mr4 ,brady ( ,p5nsylvania1 ,mr4 ,braley ( ,i[a1 ,ms4 ,br[n ( ,florida1 ,mrs4 ,bu/os1 ,mr4 ,crd5as1 ,mr4 ,c>twright1 ,mrs4 ,*ri/5s51 ,ms4 ,*u1 ,mr4 ,clay1 ,mr4 ,cony]s1 ,mr4 ,cumm+s1 ,mr4 ,danny ,k4 ,davis ( ,ill9ois1 ,mr4 ,de,fazio1 ,mr4 ,deut*1 ,ms4 ,edw>ds1 ,mr4 ,ellison1 ,mr4 ,eny>t1 ,ms4 ,frankel ( ,florida1 ,ms4 ,fudge1 ,mr4 ,g>am5di1 ,mr4 ,grayson1 ,mr4 ,g5e ,gre5 ( ,texas1 ,mr4 ,grijalva1 ,mr4 ,guti]rez1 ,ms4 ,hahn1 ,ms4 ,hanabusa1 ,mr4 ,ha/+s ( ,florida1 ,mr4 ,higg9s1 ,mr4 ,holt1 ,mr4 ,honda1 ,mr4 ,huffman1 ,ms4 ,jackson ,lee1 ,ms4 ,eddie ,b]nice ,johnson ( ,texas1 ,mr4 ,johnson ( ,georgia1 ,ms4 ,kaptur1 ,mr4 ,kildee1 ,mrs4 ,kirkpatrick1 ,mr4 ,langev91 ,ms4 ,lee ( ,cali=nia1 ,mr4 ,lewis1 ,mr4 ,loebsack1 ,mr4 ,l[5?al1 ,mr4 ,lyn*1 ,mr4 ,maffei1 ,mr4 ,m>key1 ,ms4 ,matsui1 ,mr4 ,mc,dermott1 ,mr4 ,mc,govern1 ,mr4 ,mi*aud1 ,ms4 ,moore1 ,mr4 ,nadl]1 ,mrs4 ,napolitano1 ,mr4 ,nolan1 ,ms4 ,norton1 ,mr4 ,payne1 ,mr4 ,pet]s ( ,mi*igan1 ,ms4 ,p+ree ( ,ma9e1 ,mr4 ,pocan1 ,ms4 ,roybal-,all>d1 ,mr4 ,ruiz1 ,mr4 ,ru%1 ,mr4 ,ryan ( ,ohio1 ,ms4 ,s*ak[sky1 ,mr4 ,s]rano1 ,ms4 ,%ea-,port]1 ,mr4 ,sires1 ,ms4 ,spei]1 ,mr4 ,takano1 ,mr4 ,?ompson ( ,mississippi1 ,mr4 ,tonko1 ,mr4 ,v>gas1 ,mr4 ,veasey1 ,mr4 ,vela1 ,ms4 ,velzquez1 ,ms4 ,wat]s1 ,mr4 ,wel*1 ,ms4 ,wilson ( ,florida1 & ,mr4 ,scott ( ,virg9ia7 submitt$ ! foll[+ concurr5t resolution2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,,concurr5t ,,resolution ,express+ ! s5se ( ! ,congress t ! ,*a9$ ,consum] ,price ,index %\ld n be us$ to calculate co/-(-liv+ adju/m5ts = ,social ,security b5efits4 ,:]eas ! ,social ,security program 0 e/abli%$ m ?an #gg ye>s ago & has provid$ economic security to g5]ations ( ,am]icans ?r\gh b5efits e>n$ bas$ on contributions made ov] a work]'s lifetime2 ,:]eas ! ,social ,security program cont9ues to provide mode/ b5efits--av]ag+ approximately #ad1jjj p] ye>--to m ?an #ec1jjj1jjj individuals1 includ+ #cg1jjj1jjj retir$ work]s 9 ,febru>y #bjac2 ,:]eas ! ,social ,security program has no borr[+ au?ority1 has accumulat$ assets ( #b1gjj1jjj1jjj1jjj1 &1 !re=e1 does n contribute to ! ,f$]al budget deficit2 ,:]eas ! ,bo>d ( ,tru/ees ( ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund projects t su* ,tru/ ,fund c pay full b5efits ?r\gh #bjcb2 ,:]eas ! ,social ,security program is design$ to ensure t b5efits keep pace ) inflation ?r\gh co/-(-liv+ adju/m5ts 7,c,o,l,as7 t are bas$ ^u ! measur$ *anges 9 prices ( goods & s]vices pur*as$ by consum]s1 curr5tly ! ,consum] ,price ,index = ,urban ,wage ,e>n]s & ,cl]ical ,work]s 7,,cpi-,w7 publi%$ by ! ,bureau ( ,labor ,/ati/ics2 ,:]eas ! ,bureau ( ,labor ,/ati/ics publi%es a supplem5tal measure ( inflation1 ! ,*a9$ ,consum] ,price ,index = all ,urban ,consum]s 7,c-,,cpi-,u71 or ,*a9$ ,,cpi1 :i* adju/s = project$ *anges 9 consum] behavior result+ f price fluctuations kn[n z ! sub/itution effect1 :i* occurs :5 consum]s buy m goods & s]vices ^: prices are ris+ sl[] ?an av]age & less ( ^? ris+ fa/] ?an av]age2 ,:]eas /udies indicate typical ,social ,security b5efici>ies sp5d significantly great] %>es ( _! budget ?an consum]s g5]ally on heal? c>e1 prices = :i* h increas$ at high] ?an av]age rates1 & heal? c>e may n be easily sub/itut$ = by consum]s su* z s5iors2 ,:]eas ! ,congressional ,budget ,(fice has e/imat$ t us+ ! ,*a9$ ,,cpi to calculate ,social ,security ,c,o,l,as w\ld r$uce ,social ,security b5efits by #j4be p]c5t p] ye> z comp>$ to curr5t policy1 result+ 9 a r$uction 9 outlays ( #aab1jjj1jjj1jjj ov] ! fir/ decade2 ,:]eas r$uctions 9 ,social ,security b5efits f us+ ! ,*a9$ ,,cpi to calculate ,social ,security ,c,o,l,as w\ld cont9ue to comp\nd ov] "t1 & ! ,,a>p ,public ,policy ,in/itute e/imates t su* r$uctions w\ld gr[ to #c p]c5t aft] #aj ye>s & #h4e p]c5t aft] #cj ye>s2 ,:]eas ,social ,security ,works e/imates t us+ ! ,*a9$ ,,cpi to calculate ,social ,security ,c,o,l,as w\ld r$uce annual ,social ,security b5efits ( ! av]age e>n]--:o is mak+ #dc1eah--;by #feh at age #ge1 #a1adg at age #he1 & #a1fbb at age #ie2 & ,:]eas r$uctions 9 ,social ,security b5efits w\ld h>m "s ( our mo/ vuln]able populations3 ,n[1 !re=e1 be x ,t x is ! s5se ( ! ,congress t ! ,*a9$ ,consum] ,price ,index %\ld n be us$ to calculate co/ ( liv+ adju/m5ts = ,social ,security b5efits4