Reply #9: Schieffer on CBS tipped their hand a few months ago

[Warpy]

I'd turned the box on to get the weather, and just as I switched the station Schieffer said "If you eliminate food and energy, inflation is nonexistent."

Now that is a truly stunning statement. It means that the gummint has pretty much stopped counting the necessities of life as contributing to the market basket of goods and services and is counting the consumer junk made offshore to keep that rate artificially low.

Because the inflation rate is artificially low, they've been able to claim that there is no need for wages, especially the laughably low minimum wage, to rise.

If you want to know what the true inflation rate in this country is, take a look at the things we produce here 100%, housing and health care. We are being cheated six ways from Sunday, and administratons under both parties are to blame for it.