old fashioned
Almost Self-Reliant
don't be sorry, you're right I am...I'm also a smartazz! (I was laughin in that earlier post too)i_am2bz said:Ooops...sorry, I assumed anyone posting to this thread had to be a worry-wart!
don't be sorry, you're right I am...I'm also a smartazz! (I was laughin in that earlier post too)i_am2bz said:Ooops...sorry, I assumed anyone posting to this thread had to be a worry-wart!
Kinda thought so, but you never know!old fashioned said:don't be sorry, you're right I am...I'm also a smartazz! (I was laughin in that earlier post too)
Food and energy were removed from the equations supposedly due to the fact that the prices of these items are so volatile and can skew the result. It may indeed skew the results, but it definitely "screws" those on fixed incomes.i_am2bz said:Seems like there was an "argument" on the forum a few months back about this...how the CPI doesn't include food & energy anymore (and this make sense why....?? ) I don't know if you mentioned it on this thread or not, but I thought it was good to remind everyone that things may even be worse than we worry-warts think.
Yes, that is the explanation given, but being that food & energy are such huge parts of a family's budget (for most people), leaving them out of the CPI will skew the results as well...I mean, to the point that the number is meaningless, no?k0xxx said:Food and energy were removed from the equations supposedly due to the fact that the prices of these items are so volatile and can skew the result. It may indeed skew the results, but it definitely "screws" those on fixed incomes.i_am2bz said:Seems like there was an "argument" on the forum a few months back about this...how the CPI doesn't include food & energy anymore (and this make sense why....?? ) I don't know if you mentioned it on this thread or not, but I thought it was good to remind everyone that things may even be worse than we worry-warts think.
Exactly. The number is meaningless for the average family. It's just something that politicians can point to and say, "Look, I've kept inflation under x %. Vote for me again and I will continue to work for you." They don't mention that over the last three years that food prices have risen by 35 - 60% and fuel prices have risen 100%. It's all a smoke and mirrors game to them. They don't feel it when, as members of congress, they have a salary of $174,000 (a little higher for House and Senate leaders). There is a cheap but excellent federal health care plan and life insurance. Plus free outpatient care from military hospitals. There is an inflation-adjusted pension plan that's almost three times as generous as the typical private sector pension, and there's a special thrift-savings accounts, a kind of 401(k) plan, that comes a one-to-one match up to 5% of a member's salary.i_am2bz said:Yes, that is the explanation given, but being that food & energy are such huge parts of a family's budget (for most people), leaving them out of the CPI will skew the results as well...I mean, to the point that the number is meaningless, no?