The teabaggers need to SHUT UP about giving seniors a cost of living raise!

[Joanne98]

And here's why......

Inflation or deflation? Shadowstats says “inflation”

In comments to Inflation or deflation? No deflation since U.S. left gold standard in 1971 someone comments that we’re seeing deflation this year, leading to things like the lowering of the minimum wage in Colorado.

Except that we’re not seeing deflation this year. We’re still seeing inflation. Here’s why.

The government’s formula for calculating inflation was changed in the Clinton era to reduce reported inflation. Carter and Reagan had made small adjustments that likewise had reduced reported inflation. It’s to the government’s benefit to underreport inflation, because the official Consumer Price Index figure contributes to Social Security benefit increases, automatic government employee pay raises, etc.

That change in the CPI formula makes the current CPI discontiguous with the historical inflation/deflation chart shown here because you’re talking apples and oranges. You can’t compare official government CPI figures for 1950 and 2009 because the formulas for calculating CPI were different in those time periods.

Enter Shadowstats.com. They run current data to calculate CPI using the pre-Clinton formula. Using the pre-Clinton methodology we’re still at 2% inflation, not the official 2% deflation figure.




http://www.lesjones.com/2009/10/14/inflation-or-deflation-shadowstats-says-inflation/

There you have it. Seniors who need a good argument can use this. The REAL numbers not the FAKE ones. We're still at 2% INflation so they should get a check.

PS. If the teabaggers want to save money GET OUT OF IRAQ AND AFGHANISTAN!

[no_hypocrisy]

1. They'd be protesting if the COLA had been included as they'd claim

stable prices last year.

They're just automatic gainsayers.

[rurallib]

2. OK - the people who want the gummint to spend less ...

want the gummint to spend more on them?
Are those teabags filled with brains that leaked out?

[formercia]

3. 'Teabaggers' want the government out of their life

as long as it doesn't negatively affect their Medicaid and Social Security. :rofl: