Sunday, January 13, 2013

It's Just A Cut

People who argue that the chained CPI is more accurate for the purpose of calculating cost of living changes for the elderly are just lying, and they know they're lying. It might be a more accurate measure of CPI as a whole - no real opinion on that - but there's no reason to think it's a more accurate measure of the cost of living that retired people face.

It's just a cut, and a dishonest one.