According to Fed Chair Ben Bernanke: “at the present time the major industrial economies apparently cannot sustain significantly higher real rates of return”
|By: masaccio Thursday March 14, 2013 4:45 pm|
|By: masaccio Sunday December 30, 2012 3:00 pm|
There is no excuse for this vicious assault on the retirement plans of millions of Americans. Chained CPI and the other cuts planned by the Washington elites, including President Obama, Minority Filibuster Leader McConnell and the feckless Speaker Boehner, will cause pain and suffering to millions.
|By: Autumn Sandeen Saturday September 15, 2012 7:00 pm|
Sometimes I don’t understand conservatives with their “small government” approach to “government largess” and big government approach to reproductive rights.
|By: masaccio Wednesday May 9, 2012 4:35 pm|
A New York Times article discusses the disappearance of retail investors and the steady decline in trading volumes since the Great Crash. They blame the usual uncertainty. But investors know the game is rigged by those sucking most of the rewards out of investing. The small investors don’t stand a chance, and they know it.
|By: masaccio Sunday November 28, 2010 12:00 pm|
Quantitative easing hurts small savers and retirees. It might work, and it’s the only thing left, since the conservatives won’t use fiscal policy. Let’s hope it works, because it is hurting a lot of people who did not cause the Great Crash.
|By: masaccio Sunday November 14, 2010 10:30 am|
The housing crisis isn’t going away. The economy is.
|By: masaccio Wednesday November 10, 2010 8:30 am|
Quantitative easing smashes the hopes of retirees with small amounts of savings. Congress and the Administration won’t help them or the enormous number of jobless Americans. That leaves the Fed as the only faint hope for improvement in the economy, and its tactics take money from retirees, or forces them into the stock market, and into the hands of the people who wrecked the economy.
|By: masaccio Thursday September 2, 2010 2:00 pm|
In the aftermath of the Great Recession, a debate over Social Security, is heating up. This debate raises fundamental questions about what kind of society Americans wish to live in. So far, the debate has been between those deficit busters who say Social Security must be trimmed back to reduce government indebtedness, and others who want to maintain it as is.
But the New America Foundation just released a study that proposes a different approach: doubling the current Social Security payout, and making it a true national retirement system. Creating a more robust system of “Social Security Plus” not only would be good for American retirees, but also would be good for the greater macro economy.