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Reply #1: Hard to believe Fed cut interest rates with inflation starting to be finally reported. [View All]

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FreeStateDemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 11:04 AM
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1. Hard to believe Fed cut interest rates with inflation starting to be finally reported.
Everybody knew inflationary pressures were increasing but the official rate has masked that reality, so it must be really bad if it’s finally being documented. With only a 2.3% Social Security COLA increase for next year the puke’s are throwing SS recipients to the wolves. These kinds of numbers will really hurt retirees making ten to fifteen thousand a years a year who will have to chose between food and energy costs not to mention deal with their increase in Medicare charges.
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