The Fed should raise the interest now .The pensions that are busting the municipalities bank are based on a high interest rates. The Municipalities and state and federal civil service pensions were made when interest was high now its hit rock bottom. Someone works for 20 years and collects for 50 (people are living longer today) that’s insane.At one time you could have double your money in 2 years in the bank with licking your account in fir 10 years lets say at 18 % intetesrt.. Those days are long gone.
People lived on interest income and retirees didn’t have to touch their Social Security. Feds raise the interest rate Now!
WHILE YOUR HERE VISIT THE REST OF THE LERMAN REPORT .COM!
MOSES LERMAN BLOG ADMINISTRATOR & EDITOR
And While Your Here….Don’t Forget To Visit The Archives