Government interference with interest rates is punishing savers like never before, but allows the Feds to pay record low rates on the US Public Debt it racks up in obscene fashion. The zero interest rate policy effectively nullifies returns from savings which older investors rely on for income in retirement.
The official policy of our civilization is to abort the young before they ever see the light of day, and to impoverish the prudent out of existence.
Government has now suppressed interest rates to such an extent that the $16.2 trillion US Public Debt in fiscal 2012 effectively costs the Feds a paltry 2.2 percent to carry.
Meanwhile they continue to pile on ever larger sums owed, and never pay off even so much as one thin dime of it.
Mitt Romney is right to call this immoral:
“In my view, it’s not just bad economics; it is immoral for us to pass these burdens on to coming generations.”
