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  •  Republicans have been pushing chained CPI since (1+ / 0-)
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    Jeffersonian Democrat

    they won the majority in the Senate in 1995. They appointed the Boskin Commission to study the CPI and chained CPI came out of that study.

    http://en.wikipedia.org/...

    The Boskin Commission, formally called the "Advisory Commission to Study the Consumer Price Index", was appointed by the United States Senate in 1995 to study possible bias in the computation of the Consumer Price Index (CPI), which is used to measure inflation in the United States. Its final report, titled "Toward A More Accurate Measure Of The Cost Of Living" and issued on December 4, 1996, concluded that the CPI overstated inflation by about 1.1 percentage points per year in 1996 and about 1.3 percentage points prior to 1996.
    http://en.wikipedia.org/...
    Michael Jay Boskin (born September 23, 1945) is the T. M. Friedman Professor of Economics and senior fellow at Stanford University's Hoover Institution. He also is Chief Executive Officer and President of Boskin & Co., an economic consulting company.

    Others have simply gotten old. I prefer to think I've been tempered by time.

    by Just Bob on Sun Dec 30, 2012 at 03:40:50 PM PST

    [ Parent ]

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