So. President Obama proposed moving to something called Chained CPI (Consumer Price Index) in his budget. It looks as if the proposal is probably DOA. My personal, maybe naive thought is that the President proposed it to show, one more time, that he is open to compromise suspecting that the Republicans wouldn’t accept his offer. I think he might have expected the outcry from the progressives side. Maybe he wanted us to protest showing the Republicans that he can put things on the table that his supporters don’t like. (Sneaky, that man.) But he needs to make sure the proposal itself didn’t open a crack in a door the Republicans want to open – the subject for a different post.
But since Chained CPI seems to keep popping up I thought I would try to understand what it is and why it is not so good not only for retirees, but for the middle class taxpayer.
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Updated: Apr. 15, 2013 at 4:00 a.m. EST
Following her death on April 8, the bitter row over Margaret Thatcher’s legacy continues – with a campaign to get the song “Ding Dong! The Witch is Dead”, from the movie The Wizard of Oz, to number 1 on the U.K. music charts. The song ended up reaching number two on Sunday after selling 52,605 copies. This was more than 5,700 copies behind Duke Dumont and A*M*E with “Need U (100%),” which stayed at the top for a second week. Meanwhile, a rival campaign song, “I’m In Love With Margaret Thatcher” entered at number 35 after a late push from Lady Thatcher supporters.
The former Prime Minister, whose time in office was marked by battles with workers’ unions and the privatization of key industries, continues to be a divisive figure in Britain. On the day of her death a number of street parties were…
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A 700 horsepower patrol car may be very useful for high-speed car chases — or maybe it just perfectly complements the opulent display of wealth that has become Dubai’s forte.
(MORE PHOTOS: Lamborghini’s $3.9 Million Veneno Supercar)
The latest addition to the emirate’s collection of glamorous possessions is a slick white-and-green Lamborghini Aventador for its police force, reported Yahoo Autos. The announcement was made through the force’s twitter feed, @DubaiPoliceHQ, which sparked off a frenzy of tweets with the hash tag #OnlyinDubai.
According to Emirates 24/7, Dubai’s police force cited enhanced patrolling abilities to justify its purchase of the $550, 000 dollar police car, while 7 Days in Dubai quoted a director of the police force saying that the aesthetic appeal of…
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Severe spring storms barreled through the midwest Wednesday night, wreaking havoc on homes and business and leaving tens of thousands of people without power.
In Hazelwood, a suburb of St. Louis, Missouri, at least 24 homes suffered severe damage as the tornado ripped off roofs and knocked down trees, prompting Missouri Governor Jay Nixon to declare a state of emergency, the Associated Press reports. Over 24,000 residents, many of whom live in and around St. Louis, still did not have power this morning, but no serious injuries or deaths have been reported yet, according to FOX2Now-St. Louis and CBS St. Louis affiliate KMOX.
(WATCH:“Thundersnow” Blankets Midwest)
Alisa Daffin, who lives in Hazelwood, told CNN affiliate KMOV that she slept in her bathroom last night and woke up this morning without electricity or water and discovered downed power lines and trees surrounding her home: “It…
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