Sun Dec 23, 2012, 01:04 AM

UCmeNdc (858 posts)

Chained CPI is a Democratic Party idea?

Chained CPI is the bright idea of Third Way, the Dem "policy shop".

http://crfb.org/blogs/third-way-introduces-new-social-security-reform-plan

6 replies, 669 views

Reply to this thread

Always highlight: 10 newest replies | Replies posted after I mark a forum

Replies to this discussion thread

6 replies	Author	Time	Post
Chained CPI is a Democratic Party idea? (Original post)	UCmeNdc	Dec 2012	OP
It would not surprise me. We don't get to vote for real Democrats any more.	JDPriestly	Dec 2012	#1
Instead of raising the cap they will take money away	newfie11	Dec 2012	#2
Turd way more like it	Resonance_Chamber	Dec 2012	#3
Yes, though it wasn't invented in the context of being a cut	Recursion	Dec 2012	#4
Not limited to Third Way Democrats...	Jeff In Milwaukee	Dec 2012	#5
Nope	grantcart	Dec 2012	#6

Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 01:53 AM

JDPriestly (37,718 posts)

1. It would not surprise me. We don't get to vote for real Democrats any more.

Reply to this post

Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 03:19 AM

newfie11 (3,449 posts)

2. Instead of raising the cap they will take money away

From seniors. This didn't use to be a Democratic way!

Reply to this post

Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 05:00 AM

Resonance_Chamber (142 posts)

3. Turd way more like it

Last edited Sun Dec 23, 2012, 05:00 AM USA/ET - Edit history (1)

F-ing Faux Dems, they need to be voted out of office and kept out of office, they are nothing but Pubs who lack the courage to run as a Pub so they come to the Big tent and do nothing but F things up.

Reply to this post

Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 11:47 PM

Recursion (25,486 posts)

4. Yes, though it wasn't invented in the context of being a cut

People came up with it because, bluntly, the way we calculate the consumer price index is antiquated and misleading. I'm not particularly for or against chaining (I also don't consider a COLA that is less than a different COLA a "cut"), but we really need to modernize how we calculate this, one way or another.

Reply to this post

Response to UCmeNdc (Original post)

Mon Dec 24, 2012, 08:33 AM

Jeff In Milwaukee (12,506 posts)

5. Not limited to Third Way Democrats...

This is from the Center for Budget and Policy Priorities in February.

http://www.cbpp.org/cms/?fa=view&id=3690

Also the Center for American Progress from 2010

http://www.americanprogress.org/wp-content/uploads/issues/2010/12/pdf/deficit_reduction.pdf

Reply to this post

Response to UCmeNdc (Original post)

Mon Dec 24, 2012, 07:08 PM

grantcart (38,728 posts)

6. Nope

http://www.bls.gov/cpi/super_paris.pdf

The CPI U was introduced 10 years ago by the Department of Labor to correct certain structural weaknesses in the CPI measure that had been used for decades.

The basic premise is that it tracks consumer substitutions better when there are price fluxuations (for example when there is a spike in gas prices consumers will do more car pooling etc.)

The general peer review consensus seems to be that it is more accurage than the previous index for the general population.

Some economists argue that it shouldn't be used for older populations because they spend a higher percentage of their income on items related to health care where substitutions are more difficult.

In any case it was the result of the Department of Labor leading economists working on the issues in their field.

Reply to this post

Politics 2013 (Forum)