Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: If you're wondering what Obama gets in exchange for Chained CPI... [View all]ProSense
(116,464 posts)9. Actually,
"If you're wondering what Obama gets in exchange for Chained CPI..."
...it dates back more than a decade. It was a response to this:
The Boskin Commission, formally called the "Advisory Commission to Study the Consumer Price Index", was appointed by the United States Senate in 1995 to study possible bias in the computation of the Consumer Price Index (CPI), which is used to measure inflation in the United States. Its final report, titled "Toward A More Accurate Measure Of The Cost Of Living" and issued on December 4, 1996, concluded that the CPI overstated inflation by about 1.1 percentage points per year in 1996 and about 1.3 percentage points prior to 1996.
The report was important because inflation, as calculated by the Bureau of Labor Statistics, is used to index the annual payment increases in Social Security and other retirement and compensation programs. This implied that the federal budget had increased by more than it should have, and that projections of future budget deficits were too large. The original report calculated that the overstatement of inflation would add $148 billion to the deficit and $691 billion to the national debt by 2006.
http://en.wikipedia.org/wiki/Boskin_Commission
The report was important because inflation, as calculated by the Bureau of Labor Statistics, is used to index the annual payment increases in Social Security and other retirement and compensation programs. This implied that the federal budget had increased by more than it should have, and that projections of future budget deficits were too large. The original report calculated that the overstatement of inflation would add $148 billion to the deficit and $691 billion to the national debt by 2006.
http://en.wikipedia.org/wiki/Boskin_Commission
INTRODUCING THE CHAINED CONSUMER PRICE INDEX
http://www.bls.gov/cpi/super_paris.pdf
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
76 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
The op makes since to anyone that has read Will Marshall and the other PPI hacks
Dragonfli
Apr 2013
#27
No it wasn't. It is just a wound on the way to cutting up the whole victim. n/t
jtuck004
Apr 2013
#19
DLC/Third Way people are responsible for this, and we need to hang it around their necks and sink
Bluenorthwest
Apr 2013
#6
Nothing but a place from which to start the really meaningful compromises.
HereSince1628
Apr 2013
#7
Just Proves That The 1% Have Been Pushing This Agenda For Decades - Obama Is Falling For It
cantbeserious
Apr 2013
#10
I Agree That This Is Premeditated - With Wall Street - Obama Has Proven His Support For The 1%
cantbeserious
Apr 2013
#15
Pres Obama is offering the Chained CPI because it is what the Republicans want. He wouldnt offer
rhett o rick
Apr 2013
#30
Hell no! Where did you get that? Boner wont deal. Why offer him cuts in SS?
rhett o rick
Apr 2013
#54
All that texting really hurts, they have a very limited data plan on their smartphones.
Dragonfli
Apr 2013
#76
Infiltration, and false flag attacks on seniors wouldn't work without the false flag or pretense
Dragonfli
Apr 2013
#28
Obama appointed Alan Simpson & Erskine Bowles to his goddamned catfood commission...
ProfessionalLeftist
Apr 2013
#18
And our outrage undercuts their narrative that Obama is unwilling to meet them half way.
alfredo
Apr 2013
#41
Obama is the master of Rope a Dope. Ali got booed for using that technique, but
alfredo
Apr 2013
#56
What does he get? It couldn't be a better retirement plan for himself, could it?
AnotherMcIntosh
Apr 2013
#44