A Little More Clarity

The Fed has lowered rates a little and the president & Democrats in Congress have competing proposals for how to rescue the housing market (inc. the homebuyers). Unfortunately, this means w/ lower rates, foreign countries won't want as much of our securities. (Dare I hope it also means we have lower interest rates on the national debt?) We all know Congress & the president can't be taught to cut spending, so naturally there's going to be a push to raise taxes. And the taxpayers may also have to rescue a big corporation or two from collapse -- e.g., Bear Stearns, Countrywide. Don't forget the Social Security hanging over our heads.

I'm not eager to be the sole source of SSI funds for a retiree -- it makes me think maybe I want to be out of the country in a few years.