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The "We cannot pay our bills so in order to reduce our debt we will print more paper backed by nothing so as to inflate our currency out of sight." Inflation.
Same thing Germany did post WW1.
If you will recall, it did not go well.
Make up your mind:
Quote:
Originally Posted by Escort Rider
Social Security retirement benefits are inflation protected by yearly COLA's.
Quote:
Originally Posted by Escort Rider
Umm....YES! While there has been no Cost of Living Adjustment for two years now,
Quote:
Originally Posted by Escort Rider
it has not been suspended in the sense that a decision was made to suspend it. There has not been one because the calculation of the cost of living, as defined, has not shown an increase. When that calculation shows an increase, there will be a COLA. That is, the "decision" does not depend on anyone's judgment, but is a mathematical one as determined by law enacted quite a long time ago. You may recall that there was a large Social Security COLA in 2009. So while we can quibble about whether the legally mandated forumlas are an accurate representation of the average retiree's cost of living, my statement remains accurate in a broad sense: Social Security retirement benefits are inflation protected by COLA's determined on an annual basis.
Well SURE... when you can keep redefining "what the definition of is is!"
Tell me something:
Has the price of food, or Gas, or other consumables gone up appreciably in the last year or not!
Make up your mind:
Has the price of food, or Gas, or other consumables gone up appreciably in the last year or not!.
There is no contradiction, so I don't need to make up my mind. If I say that Soc. Sec. is inflation protected by COLA's, then it makes sense that if there has been no inflation in a given year, there will be no COLA in that year, as there is nothing to protect against. If I had written "protected by the annual determination of a COLA amount, which can also be zero if there has been no inflation", then there would have been nothing for you to jump on. I should know by now that reasonableness is not enough here; we need to draft like a lawyer would.
As far as the last half year or so is concerned, yes, I think many prices have gone up, and as a consequence I would expect a Soc. Sec. COLA to take effect in January of 2012. This will be determined at the close of the third quarter of 2011, if memory serves.
There is no contradiction, so I don't need to make up my mind.
Quote:
Originally Posted by Escort Rider Social Security retirement benefits are inflation protected by yearly COLA's.
Quote:
Originally Posted by Escort Rider Umm....YES! While there has been no Cost of Living Adjustment for two years now,
You were saying?
Quote:
Originally Posted by Escort Rider
If I say that Soc. Sec. is inflation protected by COLA's, then it makes sense that if there has been no inflation in a given year, there will be no COLA in that year, as there is nothing to protect against. If I had written "protected by the annual determination of a COLA amount, which can also be zero if there has been no inflation", then there would have been nothing for you to jump on. I should know by now that reasonableness is not enough here; we need to draft like a lawyer would.
As far as the last half year or so is concerned, yes, I think many prices have gone up, and as a consequence I would expect a Soc. Sec. COLA to take effect in January of 2012. This will be determined at the close of the third quarter of 2011, if memory serves.
As I said earlier... if you believe this... AND are unable to ether remember, OR go back and look at the riding cost of consumables...
Well, There's probably no helping you. (Is the nicest way I can phrase it)
Be sure to consider 'hidden inflation'
I dislike shopping, so buy in Quantity, and also shop by the unit of volume, so I SEE the smaller containers and volume at the higher prices when Iput groceries away.
The "We cannot pay our bills so in order to reduce our debt we will print more paper backed by nothing so as to inflate our currency out of sight." Inflation.
Same thing Germany did post WW1.
If you will recall, it did not go well.
Make up your mind:
Well SURE... when you can keep redefining "what the definition of is is!"
Tell me something:
Has the price of food, or Gas, or other consumables gone up appreciably in the last year or not!
Borrowing "Fuzzy math" now? LOL!
Oh, and there is Legal and there is Lawfull.
So if you are talking about excess dollars you are talking about demand push inflation as you have to many dollars chasing to few goods. However when you also have no wage inflation and in fact stagnant wages you create a scenario where demand destruction will inhibit inflation. As we are witnessing with oil prices. Demand could only be sustained at a certain level because QE2 was not resulting in wage increases. Also unless aggreagate money supply increases it isn't inflationaray. If in fact a lack of intervention would create a decrease in money supply you would be witnessing deflation and I am sure you don't want that. On the other hand if you are talking demand pull inflation you are saying the Fed is increasing the cost of production for products resulting in inflation. I would assume under that premisie you are suggesting that the cost in commodity prices will result in an increase in the cost of goods and services. That is valid if those higher commodity prices are sustained for a period of time. However again if the increased demand is world wide there is a limit to what people can afford to pay and when that happens once again demand destruction will kick in as we are witnessing. Thus I can't pick for you which scenario you see unfolding. As far as your rolling your eyes is that related to brain activity and what quadrant you are trying to access to respond?
Eye movements as indicators of specific cognitive processes is one of the most well known, if controversial, discoveries of NLP, and potentially one of the most valuable. According to NLP, automatic, unconscious eye movements, or "eye accessing cues," often accompany particular thought processes, and indicate the access and use of particular representational systems.
The notion that eye movements might be related to internal representations was first suggested by American psychologist William James in his book Principles of Psychology (1890, pp. 193-195). Observing that some forms of micromovement always accompany thought, James wrote:
Inflation is interesting as it can come and go. Witness the last time gas hit $4.00 Average gas prices
Yet they came down as is the trend once again. We fear inflation at times and pray for inflation at other times. How many of us know folks who wanted the current deflation in housing to end and for the housing market to become reinflated? How many boomers are counting on that? How many who are upside down on their house are counting on that? Housing cost is a major componenet of inflation. There are those who banter about the upcoming 10% inflation. Many might say if a major reason for that is the housing component hey that might not be that bad. I guess in this environment it is a double edged sword to be seriously discussed and evaluated. Woud real wages for middle class Americans be a good or bad thing? If you say good is it still good if it creates upward price pressures since middle class folks can now afford more? So much to ponder!
So if you are talking about excess dollars you are talking about demand push inflation as you have to many dollars chasing to few goods. However when you also have no wage inflation and in fact stagnant wages you create a scenario where demand destruction will inhibit inflation. As we are witnessing with oil prices. Demand could only be sustained at a certain level because QE2 was not resulting in wage increases. Also unless aggreagate money supply increases it isn't inflationaray. If in fact a lack of intervention would create a decrease in money supply you would be witnessing deflation and I am sure you don't want that. On the other hand if you are talking demand pull inflation you are saying the Fed is increasing the cost of production for products resulting in inflation. I would assume under that premisie you are suggesting that the cost in commodity prices will result in an increase in the cost of goods and services. That is valid if those higher commodity prices are sustained for a period of time. However again if the increased demand is world wide there is a limit to what people can afford to pay and when that happens once again demand destruction will kick in as we are witnessing.Thus I can't pick for you which scenario you see unfolding. As far as your rolling your eyes is that related to brain activity and what quadrant you are trying to access to respond?
That's because I am picking NETHER scenario... AS I ALREADY SAID.
I am saying the PRINTING PRESSES pushing inflation.
The Federal Government does reckless printing of money and inflating our debt so that between 1913 (When the FED was created) and now the USD has lost 97% of it's purchasing power.
There's also the 'hidden tax' of inflation, because as your wages rise (But not what they buy) you are taxed at a higher tax rate, and pay more to the government. Additionally, your wages seldom keep pace with inflation.
NOW: Deflation will suck in the short term, but a SLOW rate of deflation is (Not gonna happen) and is about our only hope to reign in this 'spend spend, spend' BS cycle of debt that our economy is based on. Our economy is not based on healthy growth, but on debt based spending.
Oh, as to the 'Eyes' which you are so concerned about... I guess you are also unable to understand that I'm not sitting here actually doing it but it is rather an expression of scorn, disbelief, and perhaps disgust.
-Sorry you can't figure out that those arn't real facial expressions!
That's because I am picking NETHER scenario... AS I ALREADY SAID.
I am saying the PRINTING PRESSES pushing inflation.
The Federal Government does reckless printing of money and inflating our debt so that between 1913 (When the FED was created) and now the USD has lost 97% of it's purchasing power.
There's also the 'hidden tax' of inflation, because as your wages rise (But not what they buy) you are taxed at a higher tax rate, and pay more to the government. Additionally, your wages seldom keep pace with inflation.
NOW: Deflation will suck in the short term, but a SLOW rate of deflation is (Not gonna happen) and is about our only hope to reign in this 'spend spend, spend' BS cycle of debt that our economy is based on. Our economy is not based on healthy growth, but on debt based spending.
Oh, as to the 'Eyes' which you are so concerned about... I guess you are also unable to understand that I'm not sitting here actually doing it but it is rather an expression of scorn, disbelief, and perhaps disgust.
-Sorry you can't figure out that those arn't real facial expressions!
Oh I always chided my children about facial expressions and disdained them myself. I try to treat these topics without much in the way of frivolity. You have made your point and I mine so readers will ponder and do what readers normally do and that is forget about both our posts.
Oh I always chided my children about facial expressions and disdained them myself. I try to treat these topics without much in the way of frivolity. You have made your point and I mine so readers will ponder and do what readers normally do and that is forget about both our posts.
Why would you intentionally cripple them for the rest of their lives in their ability to communicate?
Social Security retirement benefits are inflation protected by yearly COLA's.
True but they are based on the government inflation index which EXCLUDES things like food and gasoline which are big expenses for many people.
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