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This week we consider 17 words from Sen. Tom Udall. We will consider what he really said (not much), his being wrong, and his continued embrace of the liberal Democrat fairy tale that is a huge obstacle to dealing with the coming national financial disaster.
Note that conservatives have their fairy tale — no tax increase at all — but it’s Udall for this column.
Udall was commenting on a proposal to change cost of living adjustments on federal entitlement programs to a chain-weighted approach. In early November he told the Albuquerque Journal, “While I would consider reasonable changes to the cost-of-living adjustment, pushing our seniors into poverty is a nonstarter.”
As compared to the regular consumer price index, the chain-weighted approach gets complex, but produces better numbers, as I understand it. The Ogden, Utah, Standard-Examiner (www.standard.net/authors/tom-philpott) straight forwardly explains the approach. (Thank you, Google.)
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