Mr. Speaker, this issue is very important to seniors. An inflation rate of 2% means that the value of a dollar goes down to about 82 cents in 10 years. The 3.6% rate, which is the rate the seniors are interested in and the actual rate, not the fudged one that the bank uses, means their dollar goes down to about 70 cents in 10 years.
This inflation is a hidden thief of savings and purchasing power for everyone and it is hard on seniors. What does he propose—