Senator Lamar Alexander, the senior Republican on the
Senate health committee, released the following statement on the White
House announcement that President Obama has dropped chained CPI from his
budget this year:
Using the most accurate measure of inflation for entitlement spending and tax rates would be the simplest, fairest way to take a meaningful step toward fixing the federal debt. The president was exactly right to include it in last year's budget. His failure to do so this year makes confronting runaway mandatory spending even harder.
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