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To: pater tenebrarum who wrote (26359)9/20/1999 11:55:00 AM
From: Robert Rose  Read Replies (1) | Respond to of 99985
 
<the way CPI measurement is structured could have a lot to do with the government's desire to save on entitlement spending. >

An economy deteriorates to the extent that it is manipulated. An economy prospers to the extent that it mirrors the productive forces underpinning it. Clearly, the US economy is prospering as it never has before. When I compare today's economy to the sorry one of the 70's, I must give considerable credit to AG and the other federal handlers. I see no reason to interject conspiracy theories here....



To: pater tenebrarum who wrote (26359)9/20/1999 12:28:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
If you search under "Michael Boskin" who headed the government panel on CPI adjustments, you'll find the downward adjustments and eventually, the paper from which the DOL made its adjustments. Labor unions were against it as can be seen below.

uaw.com

europe.cnnfn.com

It was a pact between Clinton and the Congress who wanted to raise spending and lower marginal rates by slowing the rate of growth of the majority of the budget that's on auto-pilot.

Since they only make downward adjustments in the measurement, it's hardly an objective measure.