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Politics : Ask Michael Burke

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To: Cogito who wrote (87094)12/19/2000 10:55:02 AM
From: Mike M2  Read Replies (2) of 132070
 
allen, one point I would like to add is that by understating product price inflation you overstate GDP growth and productivity because of the deflator applied to nominal GDP growth to get real GDP growth. In addition, understating inflation is a way to reduce entitlements COLAs including Social security - didn't Clinton warn us that the republicans wanted to cut social security ? His administration has in effect cut SS in two ways - one understating price inflation which results in smaller COLAs and two he taxed the SS benefit so after taxes your SS benefits have been cut. where is the outrage from the left wing skunks in the liberal press with their stories of seniors eating dog food because their entitlements have been CUT. Read my lips understating inflation and taxing SS CUTS BENEFITS. mike
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