[mlmr]

Pandering to the elderly? How about calling it rewarding those who spent their whole lives paying their bills, raising children, working hard, and saving for their futures with at least a 5% interest rate on long term CDs?

How about giving middleaged middleclasss families with children a break?? Interest rates have been historically low, Many of the elderly had at four and three percent house mortages in the forties and fifties. I float the boat for SS. I could use the break.

[grania]

How about giving middleaged middleclasss families with children a break?? Interest rates have been historically low, Many of the elderly had at four and three percent house mortages in the forties and fifties. I float the boat for SS. I could use the break.

I'm in my late 50s. My generation didn't get a tax break, didn't get those low mortgage rates, and didn't even get child care subsidies for working parents. You don't "float the boat" for SS...it's floating just fine, and will be for some time to come, unless people actually buy into the argument that they'd be better off working the stock market for their pensions.

You think it's expensive now? What about all of the people who would lose everything in the stock market because they'd make bad decisions. The way to keep costs down isn't to impoverish retired people, it's to eliminate any kind of subsidy of prescription drugs or insurance policies for them. The costs would go right down if people actually had to think about paying for the over-drugging of elderly America themselves.