So, the senator proposes reducing the cost of living adjustment by 1 percent.

CNN: Budget cutters take hard look at Social Security - Sept. 27, 1995

But large and persistent surpluses in countries like China mean continued demand for American assets, reducing the need for fiscal adjustment by either country.

ECONOMIST: Reserve currencies

Members of Congress are talking about reducing the cost of living adjustment for Social Security, and it no longer seems to be such a political taboo.

CNN: Budget cutters take hard look at Social Security - Sept. 27, 1995