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Subject:  Re: Entitlement, stolen... Date:  12/14/2012  10:53 AM
Author:  1poorguy Number:  414751 of 507786

Some economics wonk was on NPR this morning talking about how we need to change how the inflation index is calculated. Apparently it presently is a fixed bag of groceries. Same thing every month. It doesn't account for people buying oranges instead of apples when apples go up. An adjusted inflation index that accounts for this apparently shows a lower inflation rate, and would save (just in SS COLA) $300B over 10 years. And because the delta in the two rates is small, you wouldn't feel it much initially. But over time it accumulates and gives you that savings.

Made sense to me.
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