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the estimates on the chain cpi are if it s included for simply social security, that it would save about $160 billion over ten years. if we expand it to other programs within the federal government on the mandatory side, then its potential would save another $140 billion. you can get in the $300 billion range, which is a down payment on solving the challenges that we have. it doesn t solve them. i mean, it s really in the big picture, a teaspoon in the ocean of the issue here. and yet the yelling and screaming that you get over chain cpi is pretty amazing. it s not an entitlement reform, as properly understood. it s an accounting change. charles is exactly right. it s just bringing into correct accounting practices the way we calculate inflation. what i find ironic though, listening to jay carney and ....
The pressure looks like. congress is going to do event, harry reid is going to bring up his vote. it s going to be interesting to see, i m interested to see how the republicans will play it. even if they vote, we re just going to have to come back and do this again. they need to come up with a longer term policy as to where pay thai stand. you get these statements like senator portman saying it needs to be paid for. the window, usually when talking about small amounts of money in the relative terms of fiscal budget, you can find an accounting change. right or just a small policy change to get three months of unemployment benefits. you can do a really small spending cut and have to come ....
Company is apple and something for people not to like is its latest earnings report. look at that after hours dip. the mixed feelings could be seen after the close with apple saying and rebounding when the cfo said on the conference call that margins would have been better if not for an accounting change. stock down just a little bit. we will watch this and see what happens when the opening bell rings this morning. the upbeat takeaway from the earnings ipo sales were up sharply thanks to the new models last month. cook expects a strong holiday season and apple sold more than 34 million iphones in the fourth quarter. revenues rose 17% from a year ago. it was more than half of apple s quarterly sales but the average price of an iphone declined 6.6% from a year ago. mac sails showed a 7% decline from a year ago. ....