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To: Toddsterpatriot

By keeping interest rates artificially low, the government penalizes savers by offering them 0% on their money and rewards borrowers. It is considered a stealth tax on the middle class.


64 posted on 10/27/2013 3:09:15 PM PDT by willyd (I for one welcome our NSA overlords)
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To: willyd
By keeping interest rates artificially low, the government penalizes savers by offering them 0% on their money and rewards borrowers.

Yes, it stinks to not have high rates and total safety combined with total liquidity.

It is considered a stealth tax on the middle class.

Everyone I know in the middle class has a decent sized mortgage.

68 posted on 10/27/2013 3:24:39 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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