General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo...Chained CPI.
I was somewhat ignorant of the fine points involved and what the specific difference is; I did some reading, and, apparently, the "chained and weighted consumer price index takes into account replacement of items in a typical basket of goods with lower-cost substitutes". So...you can't afford to put gas in the car, and have to take the bus; you can't afford real coffee, and have to drink instant; you can't afford a pack of Camels, and have to buy Bugler and roll your own; you can't afford to drink Heineken, so you get PBR instead. But don't worry, there's not any inflation, you're imagining it. Have I got this right? So declining living standards due to reduced purchasing power aren't a sign of inflation anymore? Since when, exactly?
MotherPetrie
(3,145 posts)cthulu2016
(10,960 posts)the sentence finishes itself.
Tierra_y_Libertad
(50,414 posts)rurallib
(62,401 posts)NCarolinawoman
(2,825 posts)enough
(13,255 posts)a lot more outrage. It's so obviously mean-spirited, cruel, and inhumane. And it's something that's being done to all of us.
avaistheone1
(14,626 posts)Think the mainstream media will touch this issue in any kind of meaningful way with a ten-foot pole? I doubt it.
just1voice
(1,362 posts)The CPI is a lie, period. Always has been. I can also tell you after years of studying other government economic tools that they are all lies used to manipulate something. Our government is completely corrupt and so are most other country's. We now live in an era of corruption.
dawg
(10,622 posts)It is an immoral swindle.
alterfurz
(2,472 posts)Cal Carpenter
(4,959 posts)Truth hurts
tokenlib
(4,186 posts)My dogs will let me share their food--they seem quite spry too..
Marr
(20,317 posts)Infuriatingly arrogant and deceitful.
rhett o rick
(55,981 posts)get less. So if the price of gasoline goes up and you take the bus, obviously you didnt need to drive your car and you will get bus fare. If you have to substitute cat food for your tuna, then the govment says "hey you apparently didnt need the tuna", and will buy you cat food. And as inflation ratchets the prices up and you settle for cheaper products, the govment will figure that you were over spending before and since you can survive with less, will give you less.
JHB
(37,157 posts)...you obviously need a smaller budget.
(And if you can't reduce it, become "inspired"
blkmusclmachine
(16,149 posts)2014 is gonna be UGLY.
So much for Biden.
donnasgirl
(656 posts)To hear what Hillary has to say on the issue, sorry people I do not trust anyone anymore.
FiveGoodMen
(20,018 posts)Utterly fuck disgusting.
I am now of the opinion that Obama's entire purpose in politics is to get the GOP what they couldn't get for themselves.
A trojan horse.
A betrayer.
A terrible human being.
Spider Jerusalem
(21,786 posts)Or, I guess, worse. Can't afford beef? Chicken is apparently a substitute! Since it doesn't necessarily mean "direct replacement". Which pretty much ends up with living on red beans and rice, with meat on special occasions.
FiveGoodMen
(20,018 posts)Fuddnik
(8,846 posts)tclambert
(11,085 posts). . . you can't afford baloney, so you get cat food.
. . . you can't afford cat food, so you settle for whatever you can find in the dumpster.
With chained CPI, you end up eating out of dumpsters, but inflation magically disappears.
Fuddnik
(8,846 posts)Can't afford the dentist? Buy some pliers.
NCarolinawoman
(2,825 posts)"Obama's cuts to Social Security".
I can't believe that Romney's 47% tape was what helped Obama win. Does he even remember that?
Maven
(10,533 posts)So they reward your thrift by squeezing you even more. And so on and so forth.
damnedifIknow
(3,183 posts)the president's budget calls for a 452 million dollar cut to LIHEAP and a cut to NASA funding by 50 million.
upaloopa
(11,417 posts)premiums you die.