Here is a quick question for you.
Timothy Geithner and Barack Obama discuss things just hours before the Credit Downgrade
What U.S. President was in office when the United States credit rating was downgraded for the first time in history?
The answer is our current president! That's right, during the evening of 05 August, 2011, Standard & Poor's downgraded the U.S. credit rating from AAA to AA+.
This is what happens when you keep spending dramatically more money than you bring i [...]
Portrait of Thomas Jefferson painted in 1800 by Rembrandt Peale
"...I know nothing more important to inculcate into the minds of young people than the wisdom, the honor, and the blessed comfort of living within their income..."
In other words, the most important part of life is to live within your means! If you want to improve your lifestyle, first increase your income, then enjoy your new lifestyle.
This is part of a much larger speech he gave at the time, but it sums up his, and mos [...]
The Thomas Jefferson Memorial Statue in Washington, D.C.
"The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first." Thomas Jefferson
With all the debate these days about the debt limit and the "up and down" or the "clean" vote last night (01 June 2011) I thought this quote was quite relevant. Congress overwhelmingly voted to NOT increase the debt ce [...]
What do you want from Americas Next President as far as freedom and liberty?
George Washington addressed personal liberty and national freedom in his farewell address by saying...
Picture of Washington's original farewell address in his handwriting
"The unity of government which constitutes you one people, is also now dear to you. It is justly so. For it is the main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad, of your [...]