Boskin Commission: Difference between revisions

''I need a president who understands why the CPI was broken by two senators named Moynihan and Packwood in the mid 1990s, using five academics, including Zeke Rokus, Dale Jorgensen, I can't remember—Ellen—I can't remember her last name—Robert Gordon, and Michael Boskin. Who the hell is the Boskin Commission? Why are we not revisiting chained indices, seasonal adjustments, looped preferences, unstable preference? Trillions of dollars go back and forth over this. I've been trying to talk about this since the 1990s. You can't talk to anyone about the fact that the CPI was used to raise taxes and slash benefits, because tax brackets are indexed to it, and Social Security and Medicare indexed. I mean, you know, it's like a perfect crime. You're stealing trillions of dollars. Everybody's experiencing higher prices. It's not being reflected in the gauge. And you can't get into the game to have the conversation because anyone who's an expert is compromised.''