Letters to the Editor
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I'm going to skip all the way to the bank.
Yay! The prime rate has been cut and cut. It was supposed to goose the stock market, which it hasn't. It's supposed to help debtors pay down their balances, which I don't believe for a second will actually happen. What's the big diff between 18 percent interest and 15 or 16?
What the prime rate cuts HAVE done, nicely and efficiently and immediately, is lower the interest rates for SAVERS -- you know, that peculiar race of people who are fortunate enough to not yet be ruined by this country's definition of healthcare or stupid enough to buy, buy, buy beyond their means.
Isn't that cool? Now people have even less reason to put their money into savings and to try to build a secure future for themselves! YAY!!
But I don't care much for things, I'm still healthy, and I'm wired from childhood to save. So save I will. Dammit, I'm going to make that check WORK for me.