General Discussion

GreenStormCloud

(12,072 posts)

30. Well explained, but doesn't hit the full impact.

Mon Apr 8, 2013, 12:42 PM

Apr 2013

Each year the chained-CPI cuts a little bit deeper. It is like compounded interest, except in reverse. So each year we are expected to find cheaper substitutes. But what happens when you hit rock bottom? I know - die.

FWIW - My wife and I already look for the "reduced for quick sale" label on meats and other refrigerated items. And we are still working to supplement our SS. If SS was enough to live on we would retire completely and let some young people have the jobs that we are taking up.

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Highlight:

Cartoon explaining weighted CPI [View all] shaayecanaan Apr 2013 OP

Brilliant.. rsmith6621 Apr 2013 #1

K/R (nt) NYC_SKP Apr 2013 #2

good explanation. Deep13 Apr 2013 #3

Yes, I can't quite make out the 'rorting of Medicare' part... Common Sense Party Apr 2013 #6

Sorry shaayecanaan Apr 2013 #8

It's great! You explain chained CPI so that everyone can understand it. JDPriestly Apr 2013 #9

rec Demo_Chris Apr 2013 #4

Good job. I also like the finger smudge as a token of authenticity. Common Sense Party Apr 2013 #5

Yeah, I was thinking that... shaayecanaan Apr 2013 #7

K&R idwiyo Apr 2013 #10

Nice Touch With Obama Explaining Why We All Will Love The Benefits Reduction cantbeserious Apr 2013 #11

Not quite Recursion Apr 2013 #12

Yes quite. Jim__ Apr 2013 #13

In real terms, its a decrease shaayecanaan Apr 2013 #16

i handle the shopping for my 92 year old mom dembotoz Apr 2013 #14

Great toon. What's the word before "of Medicare" in the last panel? winter is coming Apr 2013 #15

Yeah its rorting shaayecanaan Apr 2013 #17

Thanks; that wasn't a word I was familiar with. winter is coming Apr 2013 #18

Wow, I honestly had no idea that it was an Australian word (nt) shaayecanaan Apr 2013 #19

It's a great term. Given the original definition, it sort of has the connotation winter is coming Apr 2013 #20

i like it--always fun to learn new stuff here at the old du dembotoz Apr 2013 #22

Yesterday, duck genitalia; today, "rorting"... Buns_of_Fire Apr 2013 #27

Nicely done. Skinner Apr 2013 #21

Brilliant. mac56 Apr 2013 #23

Perfect! ProfessionalLeftist Apr 2013 #24

Fantastic! Thanks so much. DebJ Apr 2013 #25

Could you do one of these every week? marions ghost Apr 2013 #26

Great toon! Informative and well done! nt raouldukelives Apr 2013 #28

K&R That was great. MotherPetrie Apr 2013 #29

Well explained, but doesn't hit the full impact. GreenStormCloud Apr 2013 #30

Until right now, I had no idea what all of this CPI business was about. DollarBillHines Apr 2013 #31

good job! Kali Apr 2013 #32

Well done. I too like the finger print. nm rhett o rick Apr 2013 #33

Voltaire “The comfort of the rich depends upon an abundant supply of the poor.” ― Voltaire Tierra_y_Libertad Apr 2013 #34

Roast beef to hamburger to hot dogs to dog food. dmr Apr 2013 #35

Nice and very easy to pass along just what this is. MuseRider Apr 2013 #36

So the poorer and sicker you get, the more PBO thinks you should suffer. Nobody with forestpath Apr 2013 #37

Before this goes viral, you may want to remove your fingerprint 99th_Monkey Apr 2013 #38

Cribbed to FB. nt cbrer Apr 2013 #39

This is an alarming formula to use for determining S.S. benefits Nika Apr 2013 #40

Love this! yellerpup Apr 2013 #41

I loved the fingerprint BlueStreak Apr 2013 #42

The phone rang at work while I was inking it shaayecanaan Apr 2013 #46

LOL Outstanding!This should be a regular feature here. limpyhobbler Apr 2013 #43

Most Excellent Post !!! WillyT Apr 2013 #44

Outstanding! CrispyQ Apr 2013 #45

Well done. (nt) DirkGently Apr 2013 #47

Is this actually how chained CPI works? Auntie Bush Apr 2013 #48

It is an illustration... shaayecanaan Apr 2013 #49

Thanks for another explanation/example. Auntie Bush Apr 2013 #53

It's a bit simplified muriel_volestrangler Apr 2013 #51

Thanks for that great explanation of chained CPI Auntie Bush Apr 2013 #54

And that "Senior's market basket" just doesn't have many even substitutions BlueStreak Apr 2013 #57

But what happens when the price of beans and rice go up? Curmudgeoness Apr 2013 #50

That was very informative. Billy Pilgrim Apr 2013 #52

THIS is what I've been trying to say since this problem presented itself. loudsue Apr 2013 #55

The thing that is insidious about chained CPI is not the theory BlueStreak Apr 2013 #56

Depressing, but eye-opening. Baitball Blogger Apr 2013 #58

Clarity, man... MrMickeysMom Apr 2013 #59

Friskies shredded variety pack, which has 24 5.5 oz cans of either beef, seafood, jtuck004 Apr 2013 #60

Chained CPI = BULLSH!T AndyA Apr 2013 #61