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Talks: Inflation change could cut Social Security (AP)

Posted by Yahoo! News: Politics News On July - 7 - 2011 Business News Politics

President Barack Obama, with House Speaker John Boehner of Ohio, take part in a meeting with Congressional leadership in the Cabinet Room of the White House in Washington, Thursday, July 7, 2011, to discuss the debt. (AP Photo/Pablo Martinez Monsivais)AP - Once considered untouchable, Social Security is now in play in the debt-ceiling negotiations. And that could mean higher income taxes for many U.S. families in addition to shaved benefits for tens of millions of retirees as they age.


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