Max, for heaven's sakes, explain this to me in terms that I can explain to my fans in soc.retirement. There, several of us are under the impression that Katherine Abraham was jumped in a dark hallway.
What is the "CPI adjustment?" Is this is, or is this ain't a shaved CPI? Or, is the "adjustment" not the CPI, but a diminished chord of the CPI used to compute COLA?
And "summary" number. What's that? You say was "2.1". Was that the CPI? So it was lowered to 1.8. Is that the shaved (umm, adjusted) CPI? If so, it was reduced 0.3% No? Yes?
> Further adjustments, which are likely, will
> reduce the shortfall more. This doesn't
> prevent some people, present company excepted,
> from saying, simultaneously, that the Trust
> Fund is in trouble and the CPI is way overstated.
[snip, mentioned CPI-1]
And what is CPI[sub 2]? The CPI for indexed bond holders? Boy, I can see it now:
A CPI for you and a CPI for me
And we will raise a fami-lee
> EPI has a paper by Howard Chernick and Ed Wolff
> on the effect of CPI reduction on benefits.
Is this paper at the EPI site? If not can you slip it to me?
-- Those are my principles, and if you don't like them, I have others.