Money is anything that is commonly accepted as a medium of exchange, with government interjecting itself into the equation by designating certain notes as "legal tender." Historically, mediums of exchange have included gold and silver as well as other forms of what might be called commodity money. Yet, you cannot pay your electric bill or your mortgage with a gold bar or even gold coins. You have to sell your gold for cash in order to use it to pay for things. Of course, at one time gold coins were used as money, but they aren’t today. And there was a time when paper money was backed by gold or silver. Paper money was then redeemable in gold and silver at a fixed price. Those of us who are seniors remember the time when dollars were silver certificates. Now they are backed by the “full faith and credit of the government.” But with government borrowing trillions of dollars in order to spend trillions of dollars, that “full faith and credit” is about to go down the drain.
Donald Trump, master of the deal, is right. The Republicans are stupid, not only as politicians but also as political psychologists. He criticized Paul Ryan for bringing up the subject of Medicare reform that the Democrats could use to turn the elderly against the Republicans. Their video of grandma being shoved over the cliff by Republicans is a stark indication of how the Dems will fight to win four more years for Obama.
According to a Reuters report, President Obama is using the worst fear mongering tactics to frighten seniors into pressing their Congressmen to vote for a $2.3 trillion rise in the debt ceiling. In an interview on Tuesday, Obama said that checks to recipients of Social Security may not go out in early August if he and the Republican congressional leaders do not agree on a deal to raise the debt ceiling.
With President Obama claiming that if our debt limit is not increased by Congress, it may force the government to stop payment of Social Security checks, the public, and in particular those dependent on these monthly checks, are a bit confused about how the Social Security System is financed. The truth is that the government does not have to go out and borrow money in order to pay Social Security recipients. Those payments are covered by present receipts of FICA taxes. So the idea that Social Security payments are dependent on borrowed money is false.
If you are a conservative, a Christian, a libertarian or just a concerned parent and have children in the public schools, you need to attend a homeschool convention. You have to know that there is a wonderful alternative to the government school where children are being deliberately dumbed down in order to serve an increasingly perverse authoritarian state. And when you come away from that convention you’ll know why your child deserves something better than public-school politically correct indoctrination.
It’s a question I’ve been asking many people. And they have no real answer. But the reason why the cost of computers keeps going down is because of the genius, ingenuity, and competence of the private sector. The new computers are not only cheaper but offer so many new features that we can barely keep up with these great innovations.
It used to be very expensive to make a transatlantic call. Now it costs only pennies. Again, the private sector is reality oriented. Private business knows that the lower the cost of a product, the more customers you get.
Is America still a free country? Many of us like to think so. Yes, we can get into a car and drive wherever we want. But the high cost of gas now prevents us from taking the longer trips we’d like to take. We can still go to the mall and buy whatever we want, even though prices have gone up. We can still read whatever we want, and we can say whatever we want. But when it comes to education, suddenly we are confronted with compulsory school attendance laws, compulsory property taxes to pay for the government schools, compulsory testing, compulsory inoculations, forced busing, restrictions against prayer, forced sex ed, death ed, and drug ed. And now, every day over four million children are forced to take Ritalin, a powerful mind- and mood-altering drug, if they want to attend the government school.
Most people take the alphabet for granted. It has been a part of our culture and civilization for so long that most of us haven't the faintest idea of how or where it originated. Yet the idea of using abstract symbols — which we call letters — to stand for the speech sounds of a language is one of the greatest intellectual inventions in all of human history.
The other day I was having dinner at a friend's house and was chatting with his 12-year-old daughter who attends a local public school. I asked her how she was doing, and she told me that she hated school -— not merely disliked school, but hated it.
By now I assume that most of my readers have already seen the Oscar-winning movie of 2011, The King’s Speech, the dramatic story of King George VI and his debilitating speech impediment and how it was cured by an eccentric Australian speech therapist.