As most people are aware, the debt commission's recommendations were rejected. Once again, our Washington politicians failed to face fiscal responsibility. It appears the Fed has chosen to "print" us out of debt. The massive and ongoing money creation will no doubt result in inflation and higher interest rates. Sudden and very serious inflation is already reflected in commodity prices.
History indicates that hyperinflation begins when a country reaches a point that approximately 50 percent of its revenues are required to pay the interest on its debt. Hyperinflation means the end of the dollar. Ten percent interest on Treasury notes would put our country in that position. Considering the recent expansion of the money supply, 10 percent rates are probable within two years or less.
Erskine Bowles said, "We're on the most predictable path toward an economic crisis that I can imagine." It certainly appears we will continue on this predictable path. Inflation is a good thing for the government and those who are deep in debt, but it is devastating for those with savings in dollars or dollar-denominated assets. Once again, it appears government will reward the irresponsible and punish the frugal. Join the Tea Party movement and help us work to return constitutionally limited government and fiscal responsibility to Washington.
Gibson County Patriots
Have you heard about the new concession stand in the White House? The Republicans stand, and the White House concedes.
In 1223, St. Francis of Assisi simply and joyfully commemorated the scene of the Nativity according to the infancy Gospel, and the crib thus became one of the traditional and best-loved symbols of Christmas. In the crib, we contemplate the one who stripped himself of divine glory in order to become poor, driven by love for mankind. Beside the crib, the Christmas tree, with its twinkling lights, reminds us that with the birth of Jesus the tree of life has blossomed anew in the desert of humanity. The crib and the tree: precious symbols, which hand down in time the true meaning of Christmas!
Today, amid a politically correct and consumerist Christmas attitude, we are allowing ourselves to be stripped of our traditions, the dearest and most venerable, the oldest and sweetest, so that through neglect, we are abandoning Christ to follow the latest futile fad.
A sensitive Christian would not let anything replace the crib and Christmas tree. Commemorating these means passing on the history of popular piety and religiosity. Putting up the crib and Christmas tree in homes and public places, not in a folkloric manner but as symbols of faith, prayer, and offering, means rediscovering joy and the solidarity of friendship and the piety of souls of enchanted children and adults.
In advancement of faith, family, and fraternity, may we all strive to keep Christ in Christmas!
Insane Clown Posse
I appreciate that you share the view that the Westboro Baptist Church is scum (The BruceV Blog, memphisflyer.com). However, calling the group "the insane clown posse of churches" is a worthless cheap shot and it's an insult to the intelligence of readers to think that they'll find some amusement in your association of a widely reviled music group with a widely reviled religious group.
I say this because the Insane Clown Posse are two good people who have made a positive impact on millions of people that society is quick to marginalize: outcasts. If you'd done research, you'd know that the main themes of the Insane Clown Posse's music are racial equality, tolerance, and respect towards the safety of women and children against violence. They care about their community and fans and are currently doing a nationwide toy drive.
It's easy to call Insane Clown Posse's musical and artistic credibility into question, but their moral values are sound, unlike those of the Westboro Baptist Church. So in the future, please refrain from making such ill-informed associations.
Editor's note: My sincere apologies to the Insane Clown Posse for mentioning them in connection with Westboro Baptist Church.
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