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DeFazio explains the "chained CPI" and Gang of Six Plan

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Uploaded by on Jul 20, 2011

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News & Politics

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  • So since the two sides can't agree on what government spending to cut and/or what taxes to raise they decided to go straight for the jugular of the american tax paying citizens. what happened to by the people for the people?

  • Actually, the CURRENT CPI understates the inflation in food and energy costs.

  • Changing the CPI is a ploy to let the govt pay less to social security recipients and other government programs. Changing the CPI shouldnt have anything to do with a budget plan

  • Who could not agree with and like this video!

  • Well done! BTW, they pulled this trick back in the Clinton Administration, and took some $1Trillion out of SS and Food Stamps over 10 years, google search for

    FUZZY NUMBERS Inflation

    take care, and keep up the good work!

  • 6 banks control 60 percent of GDP of the US in 2011

  • Thank you.

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