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Home Publications Blogs Beat the Press How Does the NYT Know What Senator Coburn "Believes" About Measures of Inflation?

How Does the NYT Know What Senator Coburn "Believes" About Measures of Inflation?

Friday, 08 July 2011 05:14

That's what millions of NYT readers are asking after they saw the assertion:

"Republicans are concerned about the growth of entitlement programs, including Social Security and Medicare. Some, like Senator Tom Coburn of Oklahoma, support the idea of an alternative measure of inflation, known as the chain-weighted version of the Consumer Price Index, because they believe it is more accurate."

It is certainly possible that Senator Coburn and others supporting a lower cost of living adjustment actually believe that the alternative inflation index is more accurate, however it is also possible that they just want to cut benefits and couldn't care less whether the alternative index is more accurate or not. The NYT made a very strong assertion by saying these politicians are motivated by their beliefs about price indexes. It presents zero evidence to support this assertion. 

Comments (1)Add Comment
actions speak louder than beliefs
written by frankenduf, July 08, 2011 8:08
this is the conundrum for obama supporters as they try to parse out his inner belief system based on policy initiatives- some claim he is playing 3 dimensional chess, and doesn't actually believe cutting SS is just, while others simply point to corrupt governance

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.