Chained CPI unrealistic
The proposed new chained consumer price index would save $230 billion over 10 years, or $23 billion per year. The United States spends approximately $37 billion a year on international development and foreign military assistance ($18.4 billion to Iraq alone in 2004).
The “Boys from Brazil” in Washington, D.C., presume the elderly, veterans and retired government employees are rushing off to Nordstrom’s for clothes, and buying their groceries at Trader Joe’s. The new index also presumes these people will change to Wal-Mart and WinCo. The sad news is that’s where they currently shop.
The 2014 raise would have afforded me a tank of gas if I saved it for six months. I say would have, because health insurance is not included in the current CPI and it always outstrips any yearly raise. I have to run now, as I’m out to pick up my last quart of Blue Bunny ice cream.