Comments on: links for 2007-05-11

By: Jean Conn

Jean Conn — Thu, 25 Feb 2010 21:10:24 +0000

Would you mind saying something to help those of us in
our late 70′s and early 80′s? We did not expect to live this long! How can we make our savings last?

Thank you.

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By: Angie

Angie — Sat, 12 May 2007 05:04:11 +0000

Sure you do. If you make money on treasury bonds, either by holding them directly or as part of a bond fund or mixed stock/bond fund, some of that interest money is going to you.

Remember during the Clinton administration there was a budget surplus? Some of that money was used to pay down debt–and some forms of bonds stopped being issued. As soon as Bush got back into office and credit-card Republican fiscal policy blew the surplus, bang, those bonds were back again. Good news for big investors; crappy news for Joe Sixpack, who has to pay back the interest.

There’s a reason why the ultrarich don’t want Democrats in office….that makes it harder for them to feed at the public trough.

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By: ispf

ispf — Fri, 11 May 2007 12:48:21 +0000

Thanks for the mention, J.D. Yes, the proportion spent on the interest on debt bothers me too! I don’t even want to know what the interest rate must be like!!!

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