From: "Richard Hong" 

>> That's maybe 1-1.5% inflation. In the current economy, where inflation
outside of energy is flat, that's not bad.

Bill,

Then we agree on the numbers but not on what it means.

What do you think increasing the COLA by 1-1.5% does to both the Social
Security "surplus" and private sector wages?  That in itself adds
a lot more in costs to the economy than what we spend on oil.

Rich

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