Wed 1/29/2025

Political Shenigans of the 1970s

Wilbur Mills was a prominent Congressman who took up with a former, uh adult entertainment star, whose career ended amid alcohol and her dip in the Tidal Basin.

Click and read the story,  nothing new here. Screenshot 2025-01-29 at 4.40.52 PM

the reaon for the increase in SS payments is that Mills trying for a  Presidential run, got SS payments tied to the Consumer Price Index. The CPI has a large fractal in morgage interest rates. Ironically most SS recipients live in owned homes and so SS payments soared in the 1970s as interest rates rose.

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