Thursday, July 7, 2011

Chained CPI to save $300 Billion over 10 years

What is “chained CPI,” and why should you care?

One proposal in the budget talks that is getting a serious look from all sides would switch the government’s way of measuring inflation and delivering a big impact on tax, spending, and entitlement programs.
How big? It could save roughly $300 billion over 10 years. That big.