First Our Farmers, Now Our Seniors
Meantime, you can add many South Dakota seniors to the roll of Trump-onomics' casualties, which already contains the names of thousands of our state's residents who happen to be farmers. My worry is that as interest rates decline, seniors will start chasing more aggressive and riskier investments to prop up their declining yields. A recent CNBC piece titled "A Warning To Seniors If The Fed Lowers Interest Rates" puts the quandary in a nutshell, suggesting that older investors have to weigh the unnerving prospects of low interest rates occurring during a market upheaval. Trump's rash tax cuts for the wealthy have ballooned the federal debt to historic highs, both in real and relative numbers. Now that the U.S. has to borrow money like crazy to meet its obligations and pay interest at unprecedented levels, the president wants some financial relief . . . and he expects senior citizens who've been working and saving for their lifetimes to help bail him out.