I hope the result which emerges from negotiations on the welfare part of the Balanced Budget Act will be closer to the Senate bill. The conference agreement appears to depart significantly from the Senate bill in areas such as foster care and childrens Supplemental Security Income. for example. In addition. it is unreasonably restrictive with respect to the treatment of legal immigrants. which I find quite troubling and unacceptable. We should bite the bullet and correct the Consumer Price Index. which is a measure of inflation used to compute costofliving adjustments for Social Security benefits. as well as to conform Federal tax brackets with inflationary changes. There is growing bipartisan consensus within Congress. and among economists. that the CPI overstates inflation.
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