This letter is associated with the following article:
Letters
Monday, January 30, 2006 12:00 AM

No pennies saved, not much earned

How was 2005 like 1933? For the answer, look at your savings account
Andrew Leonard

Read other letters about this article

  • Monday, January 30, 2006 04:06 PM

    Micro savings punished by macro profligacy

    One aspect of this that's particularly galling is that the current administration's cavalier attitude towards the deficit (fueled by a tax-cut religion) actually works to create a disincentive for relatively sane Americans to save. Because, you know, sooner or later there will be a reckoning, and the reckoning will almost certainly involve some sort of devaluation of the dollar. So the money a thrifty person socks away money today -- and at such low interest rates! -- is going to erode in value...

    —Scott Rosenberg Read Scott Rosenberg's other letters

    Flag
Read other letters about this article

Most Active Letters Threads

543

The crazy, irrational beliefs of Muslims

Tom Friedman explains the real problem: stupid Muslims think the U.S. is about war and aggression.
Glenn Greenwald Read article
517

Obama's exceedingly familiar justifications for escalation

The "new" approach to Afghanistan touted by White House officials seems quite old
Glenn Greenwald Read article
434

The face of rotted Washington

Evan Bayh demands more debt-financed war - fought by others - while boasting that he's a stern "deficit hawk."
Glenn Greenwald Read article
202

Bigotry wins in Switzerland

By voting to ban the construction of minarets, Switzerland apes the most extreme intolerance in the Muslim world
By Juan Cole Read article
144

Mike Huckabee's fatally bad judgment

Brutality by another Huck-pardoned criminal suggests the 2012 GOP hopeful listened more to pastors than prosecutors
By Joe Conason Read article

View all »

Letters Help

Currently in Salon