National Debt Clock
A website that never ceases
to amaze me is
As we approach the $17 trillion debt level, I want to emphasize how
dangerous this is for our nation. An old proverb tells us that the borrower
is slave to the lender, and as we continue to spend and build debt, think
about who we are getting our money from. The answer is the printing press
The printing press puts us as
a slave to inflation because the value of every dollar slowly goes down as
more dollars enter the market. China will continue to hold more and more
influence on the US as their debt holding increases. We already see the
effects of this in the unfair trade practices that exist between the two
When the amount of interest
you pay on your debt exceeds your total tax revenue (yes it does-check it
out!), common sense tells us that all other programs are at risk. So why is
Washington doing nothing about it? It is because we let them. Until we elect
true leaders, no matter what party, this problem will continue to fester,
and there is a bottom to every hole. Let’s hope we find true leaders before
we find the bottom.
The Virtues of States' Rights
opinion piece in the Wall Street Journal discusses how both Republicans
and Democrats are becoming increasingly aware of the virtues of states’
rights. As the federal government gets bigger and bigger, people on both
sides of the aisle are beginning to understand how the states can push back
against federal overreach. I’m pleased to see that a consensus is building
between the parties. It goes to show that the federal government’s abuse of
power is a bipartisan issue. The Wall Street Journal piece ends by saying,
“Full disclosure: I'm a conservative. But I rejoice in the opportunity to
make common cause with many liberals in pushing back against federal
overreach.” I couldn’t agree more.
Representative Scott Suder
This week, Assembly Majority
Leader Scott Suder announced he is leaving the legislature to work in the
Governor’s office. Representative Suder has been a great public servant
throughout all his years in the legislature, and I’ve been honored to work
with him. He’ll be a valuable addition to the Governor’s office and I wish
him all the best.
Interesting Historical Facts from The Patriot's
Almanac for August 23
1775 King George III
proclaims the American colonies to be in a state of rebellion.
1784 Part of North Carolina declares itself the State of Franklin, which is
denied admission to the Union (the area is now part of eastern Tennessee).
1859 The six-story Fifth Avenue Hotel in New York City becomes the first
American hotel with an elevator.
1889 A lightship off San Francisco sends the first ship-to-shore wireless
message received in the United States, signaling the arrival of an Army
1966 Lunar Orbiter 1 takes the first photo of Earth from the moon.