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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (367176)	1/17/2008 7:43:31 AM
From: bentway	Read Replies (1) \| Respond to of 1575981

Because we need our dollar to be worth something and to encourage Americans to SAVE MONEY instead of borrowing it to buy stuff. The lowest interest rates in fifty years created a MORAL HAZARD that too many Americans fell into. Maybe we need savings accounts to pay 8-12% to encourage people to save money instead of borrowing it? We have a NEGATIVE SAVINGS rate in this country. That is, if you subtract peoples obligations, mortgages, car loans, credit cards, etc., they OWE more than their assets are worth. With home values declining, this will only get WORSE. We've got to start living within our means.