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Default What is the over/under?

On Mon, 26 Oct 2015 10:38:30 -0700, Califbill billnews wrote:



I store my boat at the county fairgrounds. They raised the price 30% this
year claiming inflation. New fair manager, that must make a bonus on
profits.


According to the government there is no inflation. That is why we are
not getting a SS COLA but the health insurance (Medicare) is going up.

Orwell had a name for this kind of speech.

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Default What is the over/under?

On Mon, 26 Oct 2015 15:48:58 -0400, Keyser Söze
wrote:

On 10/26/15 3:46 PM, wrote:
On Mon, 26 Oct 2015 10:38:30 -0700, Califbill billnews wrote:



I store my boat at the county fairgrounds. They raised the price 30% this
year claiming inflation. New fair manager, that must make a bonus on
profits.


According to the government there is no inflation. That is why we are
not getting a SS COLA but the health insurance (Medicare) is going up.

Orwell had a name for this kind of speech.


I haven't been following the SS COLA, but I do know there are many
factors that determine whether there is or is not a COLA adjustment. I'm
surprised you applied for SS, actually, because, after all, it is a
socialist program.


I paid for it, I am taking it while it is still there.
I suspect that soon they will decide I am too rich and take it away.
They already tax my "after tax" SS benefits.
I am paying double taxes.

It is interesting that the government is saying there is no inflation,
then they raise the price for Medicare ... in the same agency.

I understand that like most government economic numbers "inflation" is
driven by politics, more than economics. The CPI is a fantasy not a
fact based statistic.
As long as the fed is keeping the interest rate at zero, they need to
have the government pretend there is no inflation.
It is like when they include money they print out of thin air as part
of the GDP.
The outrageous one is when they pretend they are servicing the debt
with borrowed money and that is ludicrous enough but that money was
actually not even borrowed, it was just printed. (AKA "Quantitative
Easing")
I guess you need a degree in "fantasy" to come up with a name like
that.
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