One thing that I have to give them credit for; they tell you (if you willing to dig just a bit) what the Politicians won't; the CPI is not the Cost of Living. It is the product of a complicated string of calculations in which they plug in tons of variables. This of course translates into two words: Bullshit Factory.
Here are the things that allegedly are incorporated in the CPI:
- FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks)
- HOUSING (rent of primary residence, owners' equivalent rent, fuel oil, bedroom furniture)
- APPAREL (men's shirts and sweaters, women's dresses, jewelry)
- TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance)
- MEDICAL CARE (prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, hospital services)
- RECREATION (televisions, toys, pets and pet products, sports equipment, admissions);
- EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories);
- OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).
So the next time some mouth-breathing shill for the Government defends Benny and the Inkjets efforts at debasing our currency ask them to point out the items that cost less, you know, the ones that are offsetting the near 100% increase in the cost of gas, or the 60% increase in the cost of coffee and breakfast cereal. Because, when you think of it, those things gotta be pretty damned close to free by now and I want to stock up.
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