A VIEW AT 85

Our government is so complex that it is difficult to select one issue but the government subsidy of Banks with a near zero interest rate to secure funds has resulted in a near zero interest rate on personal bank savings accounts, and this is causing a major culture change in our society.

The "old time" moral principle of work hard, save your money and build for the future is becoming as absolete as the horse and buggy. We are now tempted to indulge ourselves to the extent of our credit rating and have, what we hope for a future, now.

It sounds ideal and it might be ideal if everything turns out the way we plan it to be, and if there will not be another 9/11, or costly war or two, or more Barry Madoffs, or a credit crisis or .......
Such an ideal set up could reduce personal responsibility or anxiety for everything. Businesses could exploit each other and those who failed could be bailed out by the government. If we eliminated taxes we could simply keep our policy of deficit spending until an asteroid collides with earth and somehow God could start the whole thing all over again.

The point is that unlimited, irresponsible credit eliminates the need for saving which discourages the practice to work and build for the future. Perhaps an overemphasis on the economy and things
is resulting in a demphasis on the journey and our responsibility to others. The Goverment should stop this cheap credit, windfall profit to Banks!