How to cut Social Security

The US government increases Social Security, government pensions, etc., according to the official inflation rate. It also pays out interest on US treasury bonds based on the official inflation rate.

Guess who calculates the official inflation rate?

For the last 25 years, they have been manipulating the official inflation rate by, for example, excluding food and gasoline, so that the government pays out less and less. As someone observed: The inflation rate makes perfect sense if you don't eat and you don't drive.

The official rate now is 3% per year. If they calculated using the methods they used 30 years ago, the inflation rate would be 10%. So, this year, they will pay out 3% more in Social Security benefits, and that money will buy 7% less. They will pay interest on bonds of about 4%, and that will buy 6% less. This is how you cut without actually cutting where everyone can see. Inflation is about to get a lot worse. At this rate, you could see the purchasing power of these payments drop by half in 5 to 10 years.