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Stonepounder

(4,033 posts)

10. How chained-CPI works.

Reply to EarlG (Original post)

Thu Dec 20, 2012, 03:01 PM

Dec 2012

So, the idea is that if the price of something goes up - like beef, instead of continuing to buy beef, seniors would switch to something cheaper - like chicken, so their actual cost of living doesn't actually go up. OK. So then when chicken goes up, we switch to, ummm, peanut butter. And when it goes up, we switch to cat food. And our cost of living still hasn't gone up. Yeah, I got it!

They don't call it the catfood commission for nothing.

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Highlight:

Pic Of The Moment: Chained CPI? No Thanks. The Older You Get, The Less You Get [View all] EarlG Dec 2012 OP

K and R #1. n/t NRaleighLiberal Dec 2012 #1

Earl. Thank you and may your holidays be Autumn Dec 2012 #2

thanks dude. For a minute I was scared DU was going to "officially" come down on the side of cutting limpyhobbler Dec 2012 #3

K & R !!! - THANK YOU !!! WillyT Dec 2012 #4

Don't even pretend to go there. It's dead anyway I hope. santamargarita Dec 2012 #5

K & R! FlyByNight Dec 2012 #6

Well gosh, they eat less, right? (sarcasm) n/t libdem4life Dec 2012 #7

So, this country does not respect babies, children, women or the elderly. dixiegrrrrl Dec 2012 #8

Death Panels anyone? louis-t Dec 2012 #9

How chained-CPI works. Stonepounder Dec 2012 #10

Thank you. Lone_Star_Dem Dec 2012 #11

Cat food for the white house 4 more years Dec 2012 #12

Pay for Bush's wars by starving the elderly! NOT gonna happen. Coyotl Dec 2012 #13

What is the logic in this? riverbendviewgal Dec 2012 #14

How to begin turning Social Security in a Progressive Poverty Program. Kip Humphrey Dec 2012 #15

Thank you! nt abelenkpe Dec 2012 #16

Killing 'em softly...plus, the CPI doesn't reflect consumer needs as they age. nt MADem Dec 2012 #17

You're right, they should go to CPI-E Progressive dog Dec 2012 #18

A fair system would acknowledge a need for increased "health related" spending. MADem Dec 2012 #23

K&R nt NorthCarolina Dec 2012 #19

It's not a budget, it's a HINT! n/t radhika Dec 2012 #20

And a decrease in people's pocket books leads to less spending cui bono Dec 2012 #21

Thank you! Faryn Balyncd Dec 2012 #22