Apparently hoping readers are morons:
After a few months of hearing about how inflation was likely to be up (mostly due to increased energy costs) we suddenly learn that it’s not up too much…and that it’s bad news.
The cost-of-living adjustments to Social Security are exactly meant to, well, adjust for changes in the cost of living. If the cost of living (as calculated using the CPI) only goes up a little, there is only a little adjustment to Social Security payments. That is HOW IT IS DESIGNED. To try to spin this as some sort of pity party story takes some real balls.
It’s almost like there’s an election coming, or something.
I can’t wait for a quarter where the CPI is through the roof and we see “GREAT NEWS! Inflation skyrockets but so do Social Security payments!” headlines.
Meanwhile, the DOW continues to climb, which is also bad news, I’ve been assured.
UPDATE: Incidentally, I believe that failing to spend a lot of time highlighting the economy is a boneheaded move by the GOP. The current economic situation is light-years from where we were told we’d be by the Democrats and most Lefty pundits when tax cuts and other moves were made. Why the Republicans are letting stupid media reports (or media’s failure to cover stories) dictate awareness of economic conditions is simply beyond Murdoc.