Ted Rall for December 10, 2012
Demcrats and Republicans both want to reduce cost-of-living increases for social security recipients. They'd switch to "chained consumer price index." that assumes consumers switch to lower-cost alternatives as prices rise. Like, burgers instead of steak. Or: Man 1: $8 for beer?! Then gimme a cool, fresh glass of water and let my parents starve. Man 2: Harvard is $55,000 a year, but joining the army pays, wait- will this cause deflation? Man 3: Average house: $190,000 average piece of cardboard: free best of all: no taxes!