Tag: Chained CPI

John Dies at the Shorties

Baby Dinosaurs: More accurately, embryos in various states of development.

Follow-up on FPS Russia: Yeah, not a lot of meat on this story. Since when does the ATF get involved in “murder” investigations?

Random items on Real Estate, biased towards Vegas: Foreclosures are returning to where they were before the bust, with Nevada leading. However, prices are 30% higher than last year and distressed sales are down by a similar percentage. Interesting.

When you have a minute: Check out BustedKnuckles‘ new site.

Backtracking: CNN/Money might have thought Chained CPI was a great idea to save the budget a few days ago, but now they realize what way the wind is blowing.

I can’t believe we are back to “Jobs Americans Won’t Do”: They want to solve this “problem” with a new class of serf permit visa. Seems like these hypocrites are all about “let market forces do the magic” when it’s raising prices, but against the same when it might mean paying an American a decent wage! Go ahead, watch a bit of Dirty Jobs and tell me there’s such a thing as “jobs Americans won’t do” with a straight face! It isn’t that Americans won’t do them, it’s that they want more money (and perhaps safety equipment) than an easily exploited semi-legal immigrant worker.

Meanwhile, there are 3 unemployed Americans for every job opening: Yeah. Go ahead and push that serf permit visa program.

At some point, the Baby Boomers decided that they were never going to get Social Security; then they went about insuring just that: 1983 was the important year.

Le Petit Prince: Prince Hisahito goes to Kindergarten. You may remember him from this adorable picture.

Prep Your Guest Room

Because if Mr. Obama gets his way, your parents will eventually have no choice but to move in with you.

CNN/Money describes Chained CPI as “The Geeky Debt Fix That Might Work.” It will do no such thing. The assumption is that “CPI overmeasures inflation” when in fact, inflation has been systematically undermeasured for many years. So the answer — according to people who don’t have to balance their own checkbooks — is to adjust inflation yet again so we don’t have to pay more going forward.

That means lower cost of living raises for Congressmen, sure. It also means lower raises for mail carriers, IRS auditors, soldiers and sailors (support our troops, right), and everybody on Social Security. So relative to real inflation, all their paychecks will feel smaller and buy less. In general, wages in this nation haven’t kept up with inflation for most of the last 50 years, so that’s going to hurt even more.

And it’s not going to cut deficits. Even if it works as planned, it will only reduce the rate at which the deficit gets bigger. That’s like going on a weight loss plan and bragging that you’re only gaining 2 pounds a month instead of 5.

Never mind that Social Security does not contribute to the national deficit in any way. Never mind that if the eggheads in Washington were really worried about the idea that at some hazy date in the future, Social Security will pay out more than it pays in, they would suggest raising the maximum contribution.

So go ahead and write or call your Representative and Senators. Send email to the White House too. Ask them point blank:

If Chained CPI is enacted, can my mom come live with you? Because I don’t think I can afford it.

Maybe if they get enough calls, they will notice that this is a bad idea.

In Closing: If this were a math test, they’d fail; Judge cuts political gordian knot; Too Big To Fail is Too Big To Exist; his little outburst earned him a $75k fine and a $100k bonus (explain again how sports makes money for colleges??); Kim, even Castro thinks you’re going too far; and huffing bears.

Follow Up: The Physician Assistants and Nurse Practitioners at Walgreens are a poor substitute for a Doctor. Some are so dangerous, they don’t even know what they don’t know.

Music Bonus: Apocalypse Someday

Happy Solstice! Since you are reading this, it would appear that the world did not in fact end today.

 

Have some bonus links about Christmas.

In Closing: TSA; diet and diabetes; I bet we could create some jobs building and repairing infrastructure (nah, that costs money!); political suicide; don’t confuse us with facts; and how nuts do you have to be to get fired from Al Qaeda?