In the two decades since then the world has changed. The Ayatollah and the Iron Curtain are gone.
Music videos are all too commonplace.
But for many Americans their savings and investments are hamstrung by the limit established in the 97 th Congress. This is a political year, but raising IRA limits should not be a political issue. I haven't found anyone who opposes letting Americans retire to a better standard of living. Yet the bill is just yards short of the goal line, with a Senate vote still not scheduled. Not only does legislation raising contribution limits have bipartisan support, the idea has commonsense on its side.