Monday, August 22, 2016

I'm on Welfare and I Support Trump



I’m on Welfare and I Support Trump.  Here’s why:


I’m a senior living on social security. 

When my mother was my age and living on social security, she had FDIC insured bank account certificates of deposit which paid 10% interest on her bank savings. Today I get .02% interest on my savings.   So I'm living in a HUD subsidized building for seniors (yes, on welfare).   If my bank accounts were paying even 5% interest, I would not need to be on subsidy.

The one and only reason bank interest rates have gone down from 10% to a fraction of 1% is the government debt is so high, that it can't afford to pay anything even resembling normal interest rates - so the Federal Reserve reduces interest to essentially zero. 

So I'd like to know from the millennials (especially those who think socialism is so great), do you really want to be supporting more and more seniors like myself with your tax dollars, or do you want a president who is committed to ending deficit spending, and reducing the debt?   Which picture paints a better future for you?  More welfare and more taxes or less welfare, less taxes, and higher interest rates on savings?  It's completely naive to believe the millionaires can pay off the entire debt if the gov't keeps creating more debt.  The gov't has to reduce the debt; otherwise in the end, it will be you paying higher taxes and getting lower interest rates. 

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