Deep in the mind of most any liberal with an entitlement attitude, fairness, etc. is the ultimate goal of taking wealth and redistributing it.
I am sure they think they can promise and promise, spend and spend, because in the end they will create the justification for “taking all wealth.”
Stocks, IRAs, 401Ks and all manner of retirement/investment instruments. Just take them. In return, they will give you a chit for $50/month extra on your government pension (SSA).
They will have to ‘take’ your excess monies.
In 10 years, what will the interest be on the debt?
1999 it was 10%
2007 it was 7%
2014 it was 5%
Although the Fed Res said they would keep the interest rates low for the foreseeable future, there will come a time when it will become a destructive force. exponents