12-01-2002, 03:58 PM
|
#13
|
|
Guest
|
Quote:
Originally posted by Barry the Sprout:
quote:
Originally posted by MagiK:
Nothing like putting the blame where it belongs...oh and not to mention the so called cuts were actually still increases, the "cuts" being cuts in growth not in actual dollars.
EDIT: Hope this reply is in an appropriately pleasing format 
|
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] [/QUOTE] Good point about inflation but I believe that inflation here is pretty low for the last year, SO I guess I really do need to look to see if the total dollars allocated this year is actually at least the inflation rate higher than last year. I think it is, but didn't really check. You are right, it is easy to forget that little detail.
|
|
|
|