Lets assume the CPI is accurate.
- From: phil scott <phil@xxxxxxxxxxxxx>
- Date: Sat, 1 Dec 2007 22:26:44 -0800 (PST)
Lets assume the cPI is dead accurate for a moment, it isnt, but
lets assume that it is.
I will over siimplify to make the point,
- we consider the plight of the average recipient,,, living at or
below the poverty line...these buy a few things, food, fuel, and
medical care. Up 15% per year or more,
but the CPI includes,,, leather shoes, jackets, plasma tee vees...
alll lower in price since those are made in chna.... **negative
inflation !.,, so that when these are combined you get 2,3% inflation
as we did in the current adjustment.
but the poor person is not buying that crap,,,, just food and fuel
etc, so they get hurt by 12,5%.in just that year alone, the next
year,,, they loose another 12 pct,,, etc, it goes totally out the
bottom,,, thats why so many retired people have to go **wiithout
sufficient food and with *no heat,
sorry... thats just how it is,
.........and thats whats relevant iin regards to the poor.
you see?
Phil Scott
.
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