Tuesday May 21, 2008
(Below is my letter to the local newspaper last week)
Enough Wacky Practices (From Bucks County Courier Times May 19, 2008)
Your recent front page article reporting on the cost of living increases is only half of the story. People on fixed incomes who have investments in money markets, CDs and bonds have seen their incomes cut in half in the past year.
Forcing interest rates down to pay for greedy real estate speculators and foolish people who bought homes that they could not afford is not fair to the prudent investors.
These two conditions have caused a double whammy on seniors. It is as if the federal government has given us a rash and proceeded to compound the problem by cutting our fingernails too.
Much of this is caused by refusing to drill for oil here at home - - - and making Ethanol out of food is insane. We are causing unneeded pain here at home and around the world with these wacky practices.
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