Thomas Jefferson Said

Evidently, Tom knew what he was talking about!

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered… I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson

Entitlements

What do you figure the word “Entitlements” stands for?

Maybe it means old people feel they are entitled to receive money from the government after they reach a certain age.

Or maybe it means after people work their entire lives and contribute money to Social Security and Medicare that they are entitled to receive some of their money back after they retire.

Either way, where do these old folks think all this moolah is coming from? Can the federal budget be balanced while these freeloaders siphon off tons of cash from the government?

Here are the facts. Read carefully so this sinks in.

Social Security is NOT part of the budget. It sits in a fund that was set up when Social Security was created. (That is unless the government hasn’t misappropriated the money to use for other purposes. I remain hopeful that hasn’t happened, but maybe I’m an optimist.)

According to Paul Owens writing in the Orlando Sentinel on May 6, 2011 … Congress has been raiding the Social Security trust fund for years… To read his entire article go to Orlando Opinionators.

Over the years, Social Security has collected more money than it has paid out. The surplus funds have been invested in U.S. Guaranteed Treasury Bonds. AARP states that in 2009, the trust fund had $2.5 trillion in bonds, earning 4.9 percent interest.

Perhaps the finger-pointing should be aimed at Congress — not at Entitlements.

Pensacola Beach After the BP Oil Spill

Photo from

How sad! And the oil is still gushing. It’s like the Exxon Valdez all over again–only this time on a daily basis.

A lot of people and politicians are asking why the well can’t be blown up.

From Rep. Phil Gingrey

“For the life of me, I can’t understand why BP couldn’t go into the ocean floor, maybe 10 feet lateral to the — around the periphery — drill a few holes and put a little ammonium nitrate, some dynamite, in those holes and detonate that dynamite and seal that leak. And seal it permanently,” Rep. Phil Gingrey (Ga.) said earlier this month.

Could it be BP is more worried about their bottom line? Do you think they care nothing about people or nature?

Oh, forget I wrote that. No one could be that greedy.

Why More Americans Are Working Past Age 55

That was the title of a recent article in Charles Schwab’s investment magazine, which the company sends out to its investors. They could’ve changed the age to 62 or 65. The answer would be the same, but it took them more than 200 words to say medical insurance costs are outrageously high even if you’re old enough to be covered by Medicare.

And the article also noted:

“Many older workers saw their retirement portfolios balloon during the late 1990s bull market and opted to retire early. However the bursting of the technology-fueled bubble and the resulting bear market between 2000 and 2002 dramatically devalued those new retirees’ portfolios. Subsequently, some Americans who had taken early retirement found they had to return to work.”

There was no mention of the fact that even with the new drug plans, retirees still can’t afford to buy all the drugs they need.

And think about this–many senior citizens didn’t save a dime while they were younger. So, the answer to the question, why are they still working? They have to!

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