An early gift
My son is 10. One of his friends had a fancy wristwatch that cost more than $100. He also wanted one very badly. I told him that a $100 watch for a 10-year-old was more than what I would be willing to pay but that if he really wanted the watch, he could earn the money and buy it for himself.
He contacted our neighbors for odd jobs, such as weed pulling, and took lemons from our tree and selling them door to door. He eventually earned a little more than $100. It was his money.
We went to the store to purchase the watch, but he had second thoughts about spending so much of the money he had earned. He eventually settled on a fine watch for $37.50.
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The lesson could end here: He earned his money, and, because it was his own, he took the time to get more value and did not just spend money unresponsibly.
However, the next day I noticed him constantly admiring the watch on his wrist. He came up to me and said, “Dad, this watch really means a lot to me because I earned it. Because I paid for it with my own money, I know that I will take care of it much better than if someone had just given it to me.” He hugged and kissed me for helping him, which brought tears to my eyes.
Thank you, Caleb, for you and a wonderful early Father’s Day gift.
Speaking of spin ...
Regarding the letter “Doctor of spin,” June 10: I’ll concede the writer Allen Litten has expertise on spin, being so adroit with it himself.
He gives a perfect example with his claim that the House and Senate were “totally controlled” by Democrats during the first two years of Obama’s term. What a typically devious example of “spin”! Blaming President Barack Obama and the Democrats for not fixing the economy — when almost every try was met with obstruction by the Republican minority’s use of filibuster power. (That’s the power that requires 60 of the 100 senators to be considered a majority, in contrast to “equal plus one” for Supreme Court rulings and national elections!)
J. B. Thomas
In response to Allen Litten’s rant (“Doctor of spin”) about columnist Paul Krugman in this section on June 10, I have a few points to make.
First, I assume that Litten doesn’t currently hold a Nobel Prize in economics as Krugman does, so it seems fairly easy to decide who has more expertise in economic theory between the two of them.
Secondly, as any reader of Krugman knows, he has never said that we shouldn’t reduce our debt; he simply says we shouldn’t reduce it during an economic downturn such as the one we are now in.
Third, as far as his allegation of Keynesian economics never working in the past, it’s what got us out of the Great Depression, so I guess it’s worked at least once.
Lastly, I suggest Krugman naysayers read his past columns over the past 10 years or so. If they were to do so and compare it to what has actually happened during that time, they would find that he has been correct about virtually everything he’s written about. A rather impressive record, I would say.
Reality trumps political ideology.
San Luis Obispo
Serving as mayor
I am thrilled with the unprecedented results of this election and want to thank the hundreds of volunteers who helped with my campaign during the past six months. I absolutely could not have succeeded without their efforts. I believe my campaign was indicative of our community at its best — we engaged many people with disparate views, multiple talents and tireless commitment to a common goal — and we were successful.
I look forward to serving as Morro Bay’s mayor and will continue to reach out to the residents and business owners in Morro Bay as I continue my preparation for office.
I’d like to congratulate all the candidates, as I believe participating in this election is an accomplishment.
“Ineptocracy” is a political buzz word that’s going around. Its definition is a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
Yesterday, I read a news story that stated, “Despite the latest bailout, the Greece government faces a shortfall of 1.7 billion euros because tax revenue and other sources of income are rapidly disappearing.”
As the aphorism goes, the height of idiocy is to continue failed policies over and over hoping for more favorable results. Those numerous failing European countries fall into this category.