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Political fabrication

January 4, 2013

The "Chained" Consumer Price Index under consideration to set cost of living adjustments for social security sounds like a real scam....

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Jan-04-13 5:50 PM

Excellent, Erdman.

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Jan-04-13 7:21 AM

society has decided to move away from accountability and honesty. The Presdient has made a huge deal of taxing the rich yet its impact is petty except politically. False reports before the election leaving CA out, lying about Bengazi, etc show us the character of many officials and the public who is outraged over some deaths, but not others. Outraged over spending by some and not by others. Sad times.

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Jan-04-13 2:46 AM

This is another example of how politicians use spin to address the citizenry. An example of this could be the figure "M3" in which the Federal Reserve no longer tracts because it's too "costly". Yet the central bank lent $16 trillion to foreign banks during the Great Recession (the last thing the Fed wants is the American people finding out how much money the Fed is actually printing). The same goes for the unemployment figures. We all know that unemployment is not at 7.7%. There are 20 million unemployed Americans (almost 16%), many of which are not counted due to giving up hope for a job.

The Chained Consumer Price Index is just another example of how the policymakers fudge numbers or blur facts to save face with the American Public. Sadly, it's politics as usual.

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