CPI is a hoax

[Pyridium]

http://www.huffingtonpost.com/2012/12/20/chained-cpi-democrats_n_2339682.html

We are now deciding on which method to use to calculate the CPI, which is tied to the rate of inflation and cost of living. This is a hoax. It is a scam. It is a way for our govt to keep inflation under 1%...no matter how high it actually is!

The FED continues to print vast amounts of money to artifically keep our interest rates below 1%.

One day soon, reality will kick all of us in the azz.

[Startraveler]

I'm open to this one. Entitlement cuts (or decreases in their growth rate) that have a rationale behind them are inherently more attractive than slash-and-burn for the sake of slash-and-burn.

[questionmark]

I'm open to this one. Entitlement cuts (or decreases in their growth rate) that have a rationale behind them are inherently more attractive than slash-and-burn for the sake of slash-and-burn.

... which at the end will be by far more expensive than the entitlements themselves (you forgot to add).

[Yamato]

When businesses hide their true costs, it's called Cooking the Books. How many double standards can one institution indulge in and get away with? I can see a CFO explaining on their quarterly conference call that they decided to hide certain costs that quarter because it provided greater financial stability within the company lol

Not only is it funny money not worth the paper it's not printed on (without borrowing off the value of money supply already earned through actual production), it's funny accounting to boot.

[Babe Ruth]

Yes, the CPI has been a hoax for several decades now. Can't remember exactly when it happened, but when they took energy and food costs out of the equation the statistic was rendered meaningless.