This ArmyTimes article from 15 October 2010 contains this gem:
- For the second year in a row, there will be no cost-of-living adjustment in military and federal civilian retired pay, nor in veterans’ disability and survivor benefits, in 2011.
- “You have to look for the silver lining,” said Steve Strobridge of the Military Officers Association of America, an expert in military compensation. “The reason there is no COLA is there is no inflation. Enjoy it while it lasts.”
But just a few days later, The Casey Report comes out with this:
Now, I am not here to argue for increases in federal expenditures. I am here to point out that someone is lying their butt off misleading the public committing a factual error. For years now we’ve been told there’s no inflation. But it is a fact that prices of commodities, especially the soft commodities, have been flying recently. Maybe it has to do with all that printing the Fed’s been doing.
Inflation numbers that are reported always talk about “core inflation, which does not include the volatile food and energy sectors.” By “volatile,” they must mean “the ones where you could actually see inflation if we showed them to you, so we won’t.”
Why would “an expert” say something so demonstrably wrong?
