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To: Toddsterpatriot

You forgot to quote the rest of that Wikipedia article.

What you posted:

“Most importantly, none of the prominent legislated uses of the CPI excludes food and energy. Social security and federal retirement benefits are updated each year for inflation by the All Items CPI for Urban Wage Earners and Clerical Workers (CPI-W). Individual income tax parameters and Treasury Inflation-Protected Securities (TIPS) returns are based on the All Items CPI-U.”

The rest of that paragraph:

“The use of CPI-W conflicts with this purpose, because the elderly consume substantially more health care goods and services than younger people.[7] In recent years, inflation in health care has substantially exceeded inflation in the rest of the economy. Since the weight on health care in CPI-W is much less than the consumption patterns of the elderly, this COLA does not adequately compensate them for the real increases in the costs of the items they buy.”


85 posted on 06/23/2013 2:13:37 PM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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To: CodeToad
Uh, that selection was not from Wikipedia, it was from the BLS website. Your selection appears to be from Wikipedia.
86 posted on 06/23/2013 2:21:34 PM PDT by 1rudeboy
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