Letter to the Editor: War on middle class
BY Jim Taylor, Bartlesville
Friday, October 26, 2012
10/26/12 at 2:55 AM
The president is at war with the middle-class American who wants to save and invest. He continues to agree with keeping interest rates below 1 percent on savings accounts, while increasing taxes on any interest your savings might earn. With inflation rising, this results in net losses for any attempt at saving.
The only way for middle-class Americans to improve themselves is to save and invest, but his policies prevent that. Maybe he will come up with a government payment program (with borrowed money) to pay for our increased gasoline prices, higher milk and groceries, etc.
Oh, guess that is what he intended.
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