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View Diary: Fiscal cliff discussions break down after Republicans demand Social Security cuts (249 comments)

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  •  this is ridiculous (1+ / 0-)
    Recommended by:
    Seneca Doane
    substituting animal/livestock feed for normal food or substituting a meditation book from the library for blood pressure medication.
    that isn't how it works.  The BLS has extensive information about how they determine this.  
    •  Well, I couldn't find anything on the site that (0+ / 0-)

      shows what they consider an acceptable substitution for the various Chained CPIs.  While I agree those examples are ridiculous I couldn't find any hard and fast rule that would prevent them.  Like I said, a rule that set a limit on the marginal rate of substitution would definitely have that effect though it is possible they have other more stringent rules as well.  Got any direct links?

      You have watched Faux News, now lose 2d10 SAN.

      by Throw The Bums Out on Sun Dec 30, 2012 at 08:56:48 PM PST

      [ Parent ]

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