[OK]

Yes, Congress is planning a 4% COLA increase for federal employees. No inflation, they say. Apparently Congress sees 4% inflation.

Additionally on the silver thing, a similar thing happened to Warren Buffet a few years back. He had a pile of silver call options that were about to expire out of the money. He called his broker and said he wanted to exercise them. This would have made the silver price go ballistic. Shortly after that he got a call from Washington and was informed that he could do that and spike up the price of silver, but if he did, the government would make him regret it later. This was during the Clinton years.

[Poohbah]

Yes, Congress is planning a 4% COLA increase for federal employees. No inflation, they say. Apparently Congress sees 4% inflation.

And, of course, politics never enters into the COLA determination process, right?

Good grief, some people are gullible.

[rollin]

You are correct about the phone call to Buffet. Made him slightly upset! It was a wonder he did not have a heart attack according to those who were in the room.