This does not legislate a cut in the CPI, but it assumes one. The Bureau of Labor Statistics has been under a lot of pressure, and this budget assumes that the CPI will be downgraded by the Bureau of Labor Statistics so that elderly people will get less of a cost of living as a result of what they assume the CPI will have happen to them.
Barney Frank: “This does not legislate a cut in the CPI, but it assumes one. The Bureau of Labor Statistics has been under a lot of…”
Editor's note · Context
Discussing the implications of budget assumptions on the Consumer Price Index and its impact on elderly citizens.
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