2 Comments


  1. Alex

    February 14, 2012 at 7:30 am

    Millions of people have money offshore because they can’t earn anything on it here. Bernanke and Obama have reduced the value of savings to zero.

  2. Jack

    February 14, 2012 at 2:15 pm

    It isn’t illegal to put money in an offshore account and until it is then it isn’t an issue that can be addressed. Besides, the IRS doesn’t have the resources to pursue this matter in court.

    As for what Bernanke and the President has done for savings; as a freshman in high school, some decades ago, taking an accounting class I remember the moment I realized that the nation’s financial system doesn’t promote savings. After all, our economic system is based on consumerism, the spending of money, not the saving of money. Bernanke and the President didn’t reduce savings to zero. It’s not been profitable for the average citizen to save for well over a century.

Check Also

Senator Richard Burr: Makes up his own facts about NC Medicaid in order to criticize it

North Carolina’s Senator Burr used to be a ...

Top Stories from NCPW

  • News
  • Commentary

North Carolina election employees could soon be facing stricter scrutiny. House members rolled out a [...]

In one of the largest campaign donation forfeitures in state history, 48 improper donations from the [...]

Friends, neighbors, colleagues of commission chairman Jim Womack submit nearly identical letters cla [...]

When N.C. House Speaker Tim Moore and Senate President Pro Tem Phil Berger addressed reporters last [...]

In the aftermath of the recent successful push to ward off huge cuts to food assistance programs in [...]

There are a lot of important statistics that confirm just how out of whack the U.S. economy has grow [...]

The post Bite the Apple & NC’s HB2 Legacy appeared first on NC Policy Watch. [...]

When I headed off to college, I could not have predicted that many of the funding streams, positions [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.