Political Quotes

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…”

On the recordMay 20, 1997
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.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Discussing the implications of budget assumptions on the Consumer Price Index and its impact on elderly citizens.

Share

More from Barney Frank

Mar 5, 2018

Protection and advocacy Agencies, which are Federally funded entities charged with enforcing the rights of persons with disabilities.

congress.gov
Oct 21, 2019

Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.

congress.gov
Apr 5, 2017

For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…

congress.gov
Apr 5, 2017

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.

congress.gov

Other voices in this conversation