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Petrushka

(3,709 posts)

13. To senior citizens & others living on limited incomes, "Here's how it works" is beside the point---

Thu Apr 25, 2013, 01:47 PM

Apr 2013

---especially after you said that Robert Reich was in error, that his saying "'The idea is that when prices go up, most people substitute lower cost items.'...is inaccurate." Then, you back up your contention with a ludicrous explanation involving $11 and $9 crab meat . . . as if people living on limited incomes would or should think you were serious. And . . . now . . . (**sigh**) . . . "Here's how it works," you say? Oh, dear! You apparently are serious!

Oh, well . . .

Sorry, pinqy, but this senior citizen thinks Mr. Reich is correct because, plain and simply: Every dollar declines in value when there's a price increase.

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Highlight:

Robert Reich: Everything You Need to Know About How Chained CPI Will Screw Over Seniors [View all] xchrom Apr 2013 OP

I would love to see Bob do a dissertation pipoman Apr 2013 #1

He never loved him anyway zipplewrath Apr 2013 #2

Two errors right off the bat pinqy Apr 2013 #3

Yeah, Chained CPI is Reinhart- Rogoff for seniors and veterans. Fuddnik Apr 2013 #6

Can I have your cardboard box when your health insurance goes up. bahrbearian Apr 2013 #11

Crab meat @ $9 per lb.? A substitute for $11 crab meat (OR for beef/pork/chicken) in chained CPI?? Petrushka Apr 2013 #10

Here's how it works pinqy Apr 2013 #12

To senior citizens & others living on limited incomes, "Here's how it works" is beside the point--- Petrushka Apr 2013 #13

1) The CPI already accounts for cost changes in items the average consumer buys. JDPriestly Apr 2013 #14

This is a magnificent song and dance to distract from the real issue... Demo_Chris Apr 2013 #18

What you're describing has nothing to do with the Chained CPI pinqy Apr 2013 #19

K & R !!! WillyT Apr 2013 #4

There's a bottom to the ladder of choices Dan de Lyons Apr 2013 #5

What is cheaper than corn meal mush? NorthCarolina Apr 2013 #7

When I read your comment, I wished for a "Like" do-hickey! Petrushka Apr 2013 #8

+1000. JDPriestly Apr 2013 #15

I can't believe we (Democrats) even have to be told this. progressoid Apr 2013 #9

K&R midnight Apr 2013 #16

In other words... Alva Goldbook Apr 2013 #17