As Iraq spirals into sectarian civil war, one of the recurring stories on American media outlets is the mixed feelings of the American veterans who served in the invasion and subsequent occupation. While it’s understandable that they are wondering whether their sacrifices were worth it (hint: no way), shouldn’t we be giving at least equal time to the Iraqis who are living through the consequences of our war there?
A little noticed aspect of the fiscal cliff deal between congressional Republicans and the White House involved the establishment of a new way to calculate the federal inflation rate. Now we will have the so-called “chained consumer price index.” The chained CPI literally assumes that, as products increase in price, we don’t have to actually counts them as having increased in price because consumers can replace those more expensive items with cheaper substitutes. This allows the government to claim that inflation is lower or nonexistent, thus denying recipients of Social Security and other federal entitlement programs their right to a cost of living increase.