Guts and patience
For far too many decades, we’ve allowed ourselves to become deluded by the carefully worded political rhetoric intended to pacify Americans into thinking all is well. Both political parties are at fault.
Each time the debt ceiling is raised, the money we are borrowing is from our future and our children’s. Entitlements, wars, natural catastrophes, bailouts and other massive expenditures have taken their toll over a very long time.
If we were to amortize just the $14 trillion currently owed over, say 50 years at a nominal 3-percent rate of interest, we would need to make monthly payments of more than $45 billion, principal and interest.
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It just takes a huge dose of fiscal discipline, guts and patience.
Our government is the teenager with new credit cards who maxes them out and then pleads with mom and dad to take out a line of credit on their home to pay off their teen’s debt. The teen promises never to do it again, but this cycle is repeated over and over again until all the home’s equity is gone.
If my percentage of debt load were as high as the United States’, I would have declared bankruptcy long ago.
Wall Street greed will cause another recession and finally wake the world up. Like an old form of aversion therapy, the gluttons at the top of the economic ladder need to stuff themselves so full of profit that they choke, eventually taking the whole capitalistic free market economy with it.
The fact that President Obama is letting the same people who caused the problem make the rules shows that he is willing to let the game play itself out. How bad it will get and what will emerge is anyone’s guess. We can only hope the values our country’s founders had will be remembered and a compassionate nation takes form.
The Wall Street addicts cannot help themselves — like addicted gamblers, they have to keep playing. What they set in motion, no longer controllable by them, has a life of its own. Collapse is inevitable.
Look no further than recent numbers for CEO compensation, a 24-percent increase in average salary package to $9 million per year, higher than the previous peak in 2007.
Addiction lives in denial and blinds the addict. With greed, like all addictions, more is never enough.
Dark Ages throwback
Listening to Newt Gingrich speak is a bit breathtaking. I imagine I am getting a taste of what intellectual thought must have been like in the Dark Ages, before the Enlightenment. The expansion of thought since that time has been so profound and life-enriching that it is difficult to understand how Newt (and, obviously, his enthusiastic followers) could have missed being touched by it.
We are truly blessed to live on the Central Coast where incredible businesses and individuals support and rally to help out their fellow neighbors.
Since Kinsley ThomasWong’s accident in July 2010, we have been shown amazing support that only happens in a community like ours. The Good Vibrations FUNdraiser was no exception.
To be in a tent with 400 people exuding such a positive, fun, supportive and excited attitude was incredible. Thank you to all who attended, helped, donated and made this possible.
It is not very often that those who go above and beyond get recognized, and we would like to reach out and thank those who made this night possible: King Ventures and the staff of The Apple Farm, The Cliffs and Sea Venture; The Pismo Beach Chamber of Commerce; The Pismo Beach Hospitality Association; Tom Jones Advertising; Mary Meserve-Miller; CT and Tommy Lee; Tim Eidson; Marina Chang and Joe Brittingham.
With your support, we raised enough to attend two intensive exercise rehabilitation programs. Kinsley is very excited to train hard and bring the knowledge back home to the Central Coast.
San Luis Obispo
Honor and privilege
It’s right for politicians to protect themselves and their wealthy patrons from tax increases. Americans who call themselves Christians wouldn’t want filthy money to contaminate helpless thousands who suffer from effects of floods, tornadoes, illness and loss of jobs, would they?
After all, it is indeed an honor and a privilege to keep taxes low for the 1 percent of Americans who control 40 percent of our country’s wealth. Like British royalty, the extremely rich are so precious, dainty and inspiring, they need all the help we can give them, even if it hurts.