True Democrats don't work to slash Social Security. They don't. Not Ever.

[JDPriestly]

143. Actually, seniors and savers are trying to live on the fruits of their own labor.

Food costs have risen and are set to rise much more yet the money of seniors and savers is losing in value because of the extraordinarily low interest rates -- sometimes less than 1%. I realize that if you look at the official inflation rates, they are very low, but the items that seniors have to pay for are going up in price. For example, in LA our utilities are becoming more expensive -- water, gas, everything.

When you can no longer work, you live on Social Security and the interest on your savings. It isn't that you are lazy. It is that you are supposed to be able to supplement Social Security with the money you earn on your money. I am not asking for a steep rise in interest rates -- not up to 10% interest on a mortgage like we saw in the late 1980s -- just enough to help savers keep up with inflation.

And I am right, like it or not. When the LIBOR rate is low, interest rates decline internationally -- and that very definitely affects the rates on US Treasury notes including the notes of the Social Security Trust Fund. If you have proof that they don't, please show me.

The LIBOR rate is not the rate that directly determines the FED rate. The LIBOR rate, however, indirectly determines it as the LIBOR rate is a reference rate for all interest rates. That is how the market works.