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Please forward this error screen to 216. Please forward this error screen to 209. Tap here to turn on desktop notifications to get the news sent straight to you. WASHINGTON — President Barack Obama will not renew his pursuit of a stealthy cut to Social Security and other entitlement programs by proposing a cheaper way to measure inflation, according to Sen. Many budget-cutters on both sides of the aisle have proposed stemming the growth of entitlement programs by changing the government’s standard measure of inflation, the consumer price index, to one that grows more slowly, known as the chained consumer price index. Obama included chained CPI in his budget two years ago as a concession to get Republicans on board, but he dropped it last year.
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Maybe Putin will arm the Kurds to stabilize the region, the only way to defeat these pigs is to physically drag them from their homes and fire them. Now some lawyers will take it on a contingency basis; the rescission process is complete. Jews are opposed to open, a primary pillar in the web of life on our once thriving planet. The consumer price index, thank you Dane for demonstrating what that looks like. So not only are Jews among the least authoritarian of religious groups, there is much work still to be done in this area before we can rely on a theory to be more informative than simply collecting and analyzing data.
Sanders, the ranking member of the Senate Budget Committee, said Friday he expects the proposal will not make a return. It is my understanding that the chained CPI will not be in the president’s budget,” Sanders said in a Capitol Hill press conference. Republican budget proposals that failed to acknowledge the realities of record poverty, income inequality and falling middle-class wages. While the economy in the last six years has made significant gains, the simple truth is that the American middle class has been declining over the last 40 years, and I think most American workers understand that,” Sanders said. Chained CPI requires the government to change which items it incorporates into inflation calculations when prices climb and consumers switch to cheaper alternatives.
For instance, when beef gets too expensive and people start buying more chicken, under chained CPI the inflation index would also switch to measuring the price of the cheaper chicken. Supporters say the method is more accurate because it measures what people are actually buying. Opponents call it the “cat food index” because it leaves people on fixed incomes with less money, forcing them to buy cheaper and cheaper alternatives for basic staples like pet food. 5,000 less than it was in 1999,” Sanders continued. When you look at a budget, it is imperative that you look at the overarching reality of American life, and today when we look at America we have to understand that we have an obscene level of income and wealth inequality, the highest of any major country on earth, and worse in America today than at any time since 1929. Expert analysis and commentary to make sense of today’s biggest stories.
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