It's time they take it in the shorts.

Kidding of course about applying it to US Congress.

Deadly serious about them needing a kick in the ass.

Stop paying the house and senate until they actually pass a REAL budget and start passing
jobs bills instead of blocking any and all help for America.

Starve the beast starts at the very top.

And Bank of America is now paying .015% (one and one-half hundredths of a cent on the dollar) to some savers that have been with them for years in interest on savings accounts. (On $100 in savings you get a penny).

Wall Street wants to push people into gambling on the stock market.

And we are told that, for aged over 18, many accounts under $50,000 will be charged from $5 to $12 per month for the service of keeping your money.

That's our understanding based on a phone conversation with someone from the bank.

https://www.bankofamerica.com/deposits/bank-account-interest-rates.go?js=y

So forget about saving for retirement at those rates.

They are trying to get people to gamble because they gamble against you and rig the game so that they win.

The country's economy has turned into one huge gaming table. The gambling mania is the sign of a country in decline.

Why? Because it is the sign of an upper class (that has the money and should be leading and giving back) that is aimless, lost, without direction, just floating and not functioning in a purposeful way.

My credit union charges no monthly fees for checking or savings. None at all. I only have to keep a minimum of $25 in my savings account. That savings account earns 0.10 % interest. Yes, it is also a pittance, but 6x what BoA is giving you. Plus, you have the pleasure of not doing business with banksters.

Also, for those who have a little money they don't need right away, but want to keep relatively available, U.S. savings bonds might be worth considering. The current I bond rate is 1.8 %. There are some caveats: You can only purchase $5000 in bonds/yr. (I don't think there is a minimum any more - it used to be $25 for paper bonds.) You aren't paid interest if you take your money out before a year is up. If you take it out before 5 yrs, there is a 3 month penalty. I am convinced that it is as safe an investment as there is - Republicans are happy to take food from children, but they won't let "investors" down. For details, check into treasurydirect.gov

I agree completely that gambling mania is a sign of a country in decline. And having a permanent upper class is like having royalty - the opposite of a meritocracy and with nothing in common with the vision that created the United States.

but so is the minimum - $50 vs. $25. There is a savings bond wizard that you can d/l from the treasury direct site that will help you keep track of your inventory. We had accumulated $5k in bonds, and claimed the interest every year on our 1040 - around $229 per year (started in 2003). The lowest interest amount we've paid is $168 for the year. Still beats savings account. I do this so we won't have to claim the interest in one whack if they are cashed in, which we did when we bought our house this year. Now all I have to pay is an accumulated 1 month interest on $4.5k and the balance, instead of a couple thousand on our 1040 next year. Just print out the Y-T-D Accumulated Interest Report, attach to your tax return just in case anything happens, file away, viola', you've already paid that interest.

The rate on savings bonds is one way we the people have really been whacked since Pres. Obama was elected. In 2005, rate was 6.9%, though some do say it was a Katrina bump in the interest rate. 2009 - down to 1.5%. The rate has climbed back up and we will start buying again. The rate is set at the time when you buy the bond, with a little bump in rate later on down the line, but not much. You have to watch the new rates set in May & Nov. Watch that and you'll know when's a good time to start buying. I had set it up as an automatic debit every pay period. Set it up as a bill and it won't hurt as much.

the only time they address any issue is when it is about them.

Watch them move like greased lightening!

I know from experience in local government that the city or county council cannot cut the salary of elected officials during their term. Law is designed to prevent something just like this - using the threat of a pay cut to force another branch of government to do something. Don't doubt it also applies to the state level.

It is withholding their pay until they get off their duffs and act.

The Illinois legislature has known for years that something had to be done, but they keep putting it off. So Quinn, using a perfectly legal line-item veto, vetoed the part of the state budget out of which the legislators were paid.