According to Bloomberg News, there is discussion now on how to change the CPI - Consumer Price Index, a.k.a. inflation. Something call "chained consumer price index" is an alternative to determining Social Security payments.
It’s simple enough, you change the cost of living index and lower the amount paid through Social Security.
Kind of reminds me of a story. The head of a large company called in his chief engineer and asked a question, "how much is two and two?" The engineer left and called a staff meeting of his department. They worked for hours, making drawings, checking measurements and running numerous scientific calculations. He returned to the company leader and reported, "two and two is four."
Next, the company head called in the lead accountant and posed the same question. Again, he left and called his people into a meeting. They built spreadsheets, did analysis, ran checks and balances and printed a binder with the results. "Sir", he said as he reported. "Two and two is four."
Finally, the company executive called on the sales department chief. Again, the question was presented. The sales leader didn’t leave the office. He sat down in front of the chief executive. Then, he loosened his tie, leaned back in the chair and lit up a cigar. He looked the company leader in the eye and said, "how much do you want it to be?"
What was that old saying, "do figures lie or do liars figure?"
PMO
©2011
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