[QUOTE=tophcfa;2371777]That’s an easy one to answer. Our country, both government and most citizens, are up to their eyeballs in debt. Debt is like crack, and lower rates is like getting the needed crack fix at a much cheaper price. And just like with crack, too much debt never ends well. All the gobbledygook is just a smokescreen because nobody wants to address the real underlying problem.
All the news outlets are giddy about how the lower rates will help everyone in debt, but there is no mention about how it hurts senior citizens who need to earn a reasonable interest rate on their savings to supplement their social security and keep up with inflation.[/QUOTE
On target with every point... debt likened to crack addiction is spot on, and we've been on the crack for decades now...definitely not going to end well, and don't think any political party would ever make a serious effort ... almost too far down the line now with the years of artificial "fairy dust" the fed has spread for years. No long emphasizing history (especially world history) in public schools any more has greatly helped to provide a generation (actually two) who have no idea of what happens to countries who go down that path. You might add to your excellent comments: election time is drawing near, recession will not help either party. And if any candidate from either party talks straight talk of what it is going to take to stop this madness, the public will probably trample that person to death, no way would people accept what it would take....IMO.
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