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Sun Dec 23, 2012, 01:04 AM

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, 1111 views

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Reply Chained CPI is a Democratic Party idea? (Original post)
UCmeNdc Dec 2012 OP
JDPriestly Dec 2012 #1
newfie11 Dec 2012 #2
Resonance_Chamber Dec 2012 #3
Recursion Dec 2012 #4
Jeff In Milwaukee Dec 2012 #5
grantcart Dec 2012 #6

Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 01:53 AM

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

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Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 03:19 AM

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

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

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Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 05:00 AM

3. Turd way more like it

 

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.

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Response to UCmeNdc (Original post)

Sun Dec 23, 2012, 11:47 PM

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.

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Response to UCmeNdc (Original post)

Mon Dec 24, 2012, 08:33 AM

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

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Response to UCmeNdc (Original post)

Mon Dec 24, 2012, 07:08 PM

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.

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