Quote:
Originally posted by Barry the Sprout:
Well, I don;t know the specifics but if the fall in growth rate is less than the rate of inflation in the economy then this is in fact a cut in real terms. How you phrase it is up to you, but even if they are getting more actual money to spend than last year the pensioners could still have less wealth in real terms. Money is not a good rating of wealth over time unless it takes inflation into account. A simple point, but you'd be surprised how often it gets overlooked for that very reason.
And the font is fine by me. [img]graemlins/thumbsup.gif[/img] [/QB]
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You're right about the growth rate vs inflation, but this is the U.S.A. Federal goverment in my 41 years I've Never heard of a U.S. federal spending program growing slower then inflation. In the middle 90's (after the Repubs re-took the House of Reps) federal spending was Held to the inflation rate for the first time in history.
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Crustiest of the OLD COOTS "Donating mirrors for years to help the Liberal/Socialist find their collective rear-ends, because both hands doesn't seem to be working.
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