by Jeff Herman, April 25, 2012
The retired are starving and eating dog food because interest rates "that were at 5% in 2006" are now at just 1%. These are real people that are now relegated to the humiliation of being poor and hungry.
Why?
Because the Fed has lowered interest rates through the printing of money, to buy treasury bills, to fund our $1.3 trillion deficit. A deficit that provides the poor with much needed services.
I think that you can see the problem here. Retired people are starving so that we can fund the deficit so that people won't starve.
We are nearing an end to our ability to fund this madness with more debt, yet there is no one in Washington with the courage to tell the American people the truth.
The retired are starving and eating dog food because interest rates "that were at 5% in 2006" are now at just 1%. These are real people that are now relegated to the humiliation of being poor and hungry.
Why?
Because the Fed has lowered interest rates through the printing of money, to buy treasury bills, to fund our $1.3 trillion deficit. A deficit that provides the poor with much needed services.
I think that you can see the problem here. Retired people are starving so that we can fund the deficit so that people won't starve.
We are nearing an end to our ability to fund this madness with more debt, yet there is no one in Washington with the courage to tell the American people the truth.