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Real inflation > 9%

Brad S

Well-known member
• U.S. Government Prepares to Use Reduced-Inflation Index for Cost of Living Adjustments (COLA)
• 2015 Social Security COLA at 1.7% Would Have Been 9.4% without Existing Gimmicks for Understating Inflation

http://www.shadowstats.com/article/no-668-september-cpi-real-retail-sales-and-earnings-new-home-sales-prospective-gdp

That means, adjusted for inflation, yes the US economy is receding.
 

Steve

Well-known member
inflation is a tax...

but if payouts are matched to the tax,.. then there is no money left for all their family and Friends to blow on pork..

but don't worry,.. those on welfare get a larger raise...



Submitted by FoodSNAP on 08/07/2014 - 4:56pm.

On August 1st, USDA announced implementation the upcoming cost of living adjustment (COLA) for SNAP benefits - effective October 1st (start of federal fiscal year 2015)

SNAP benefits to increase with 2.6% COLA starting Oct 1st
 

Faster horses

Well-known member
Our friends daughter, who is attending medical school just had her
student loan interest raised from 6.75% to 7.5%. That's obscene.
No one pays 7.5% interest these days. :shock: She owes a lot of
money in order to get that MD degree. Plus every scholarship she applies for
costs her money and many scholarships go to Blacks or Asians, even though her scores are higher.
 

Mike

Well-known member
Traveler said:
Time for more QE? :roll:
They announced yesterday that the Fed would stop the Stimulus program.

But they can't cut interest rates anymore........................
 

Steve

Well-known member
Faster horses said:
Our friends daughter, who is attending medical school just had her
student loan interest raised from 6.75% to 7.5%. That's obscene.
No one pays 7.5% interest these days. :shock: She owes a lot of
money in order to get that MD degree. Plus every scholarship she applies for
costs her money and many scholarships go to Blacks or Asians, even though her scores are higher.

my sons are anywhere from 5.5 to 7%

mine was 8%

it is the WORST customer service ever...

Navient (sallie mae ) just sent my son 5 bills in the last week... even though he is several months ahead..
 
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