One simple, controversial fiscal cliff fix
December 13th, 2012
01:05 PM ET
2 years ago

One simple, controversial fiscal cliff fix

(CNN) – As Congress and the White House fight over every billion in revenue and spending cuts, there is some $200 billion in savings on the table that many economists insist is a no-brainer.

The idea is to simply change how the US calculates inflation from the current Consumer Price Index measures to one that is arguably more accurate, the chained CPI.

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Filed under: Fiscal Cliff
soundoff (10 Responses)
  1. Rudy NYC

    No wonder politicians cannot balance a budget. They have too many fudge factors built into their estimates and calculations.

    December 13, 2012 01:09 pm at 1:09 pm |
  2. plain&simple

    What a wonderful world of accounting....change a little number here and everything works!!!

    December 13, 2012 01:21 pm at 1:21 pm |
  3. Rick McDaniel

    All they really want to do, is kick it down the road.

    If I had my way, all of them, from Obama to the House, would be fired and replaced, with people that were serious about fiscal responsibility.

    December 13, 2012 01:22 pm at 1:22 pm |
  4. Dutch/Bad Newz, VA

    That's what I call fuzzy math.

    December 13, 2012 01:25 pm at 1:25 pm |
  5. Paco

    What an embarassment our so called leaders have become, i agree with Mr. Rick can them all

    December 13, 2012 01:43 pm at 1:43 pm |
  6. Wake up People!

    What??? Talk about the blind leading the blind......

    December 13, 2012 01:51 pm at 1:51 pm |
  7. Sniffit

    "One simple, controversial fiscal cliff fix"

    Cut the freekin military like the generals are saying.

    The End.

    December 13, 2012 01:54 pm at 1:54 pm |
  8. Guest

    Heard a story yesterday that it cost 75 billion to administer food stamp programs that provided 450+ million dollars in assistance to peolpe enrolled. If it's true, it's crazy and reflects the real problems of big government.

    December 13, 2012 01:55 pm at 1:55 pm |
  9. Sniffit

    "Heard a story yesterday that it cost 75 billion to administer food stamp programs that provided 450+ million dollars in assistance to peolpe enrolled. If it's true, it's crazy and reflects the real problems of big government."

    Average recipent gets about $133 in food stamps per month and there are approximately 45M people receiving food stamps, sothe total per year is a little less than $72B. That's where you head the "$75B" number and what it mus've referred to. As for administering the SNAP program, i.e., food stamps, the Department of Agriculture does that and its entire budget for everything it does, not just food stamps, is about a third of that....Obama proposed $23.9B, which is a reduction of about $3B.

    Soooo, yeah...you heard wrong and someone was desperately trynig to misinform you.

    December 13, 2012 02:13 pm at 2:13 pm |
  10. Rudy NYC

    Hammerer

    Rudy NYC wrote; The Republicans are going to have to concede to the will of the majority of the American people -– that is true only it is convenient. There are a number of cases where the majority opposes a bill and the majority is ignored.
    The list is long but Obamacare is a classic example.
    Need I list others?
    -----------------
    Sure, You can start with the Bush Tax Cuts, both versions 1 and 2, please.

    December 13, 2012 02:35 pm at 2:35 pm |