On Thu, 19 Jan 2006 01:27:21 -0500, Cliff
wrote:
snip
And paying interest on the rapidly rising deficits? Don't
forget to repay the borrowings from the Social Security system.
And as interest rates rise ...
snip
Those whom the gods would destroy they first make proud....

Our governmental policy makers while chanting the ever popular
"free market -- free market --" have set the interest rates [too]
low to ostensibly "stimulate the economy," but in actuality to
minimize the amount they must pay on the ever growing [ain't
compounding wonderful] national debt.

As has been discovered many times over the last 5,000 or so years
you can control the price [in the case of money/capital --
interest] or you can control the supply of a commodity, but you
can't do both.

We now have the situation where many people quite rationally have
decided that savings is non productive [indeed, you have a
negative return for most investments when inflation and "tax
affect" are considered].

Uncle George