We are non-commercial, all volunteer and supported by our readers. Please help sustain the Dew by making a donation.
Full Faith & Credit
The Fiscal Kerfuffle
We are agitating over figments of the imagination.
We already know Obama loves him a kerfuffle. The real issue is how to get Congress to realize that their job is to spend or dispense money. Managing the currency is one of their prime responsibilities. Scrimping and hoarding is not managing. The Congress hoarding dollars is not only unseemly, but detrimental because the federal government is the only source and without money to mediate transactions, we are left with taking things on faith.
That gives a whole ‘nother meaning to “faith-based” government. Imagine if we went down to the grocer’s and said, “have faith brother; I’ll bring you something you want, later.”
Every dollar represents a debt. That’s what dollars are, IOUs. They’re like marriage certificates — providing documentary evidence that I owe you a dollop, if not a lifetime, of care and protection. “I do” = “I owe you.”
Where the cons go wrong is in thinking that what is owed is owned. That I owe you does not mean that you own me. If it did, that we all exist in an ownership society, would be correct. Ownership and obligation are not related.
- Image credit: Composite image created for LikeTheDew.com from a licensed background image - hjalmeida / 123RF Stock Photo and a screen shot from a video.
Worthy of Comment
Also on the Dew
I arrived in Beijing on an old Boeing 707 China Air flight in November 1978 after a week in Japan. The entry formalities at Beijing Airport were slow but considerably quicker than the Shenzhen Railway Station where I had previously entered China from Hong Kong. I caught a taxi from the airport to the Beijing Hotel on Dongchangan Jie. Taxis were a new experience for me in China, previously it was the “foreigners bus”. The Beijing Hotel had a long and fascinating history. It was built as a five-story brick building in 1915 and two years later a seven-story French sty Read on →
It’s that time of year again. Ya’ll know what I’m talking about … the holidays. Some see it as the song claims “It’s the most wonderful time of the year” … But others among us are just left wondering. First it’s the sugary shock of Halloween. Then it’s surviving the Thanksgiving glutton-fest. Followed by a tsunami of high-octane shopping you can’t afford, partying, last minute gift buying, a morning of exchanging gifts you don’t need, a mad rush to return the gifts you don’t want, more shopping and finally a drunken evening, ending with new year’s resolutions and false resolve to quit your shameful and glut Read on →
It's the second week of January 1999 and the McCartneys are visiting Atlanta. But not for a concert. On this trip, Heather McCartney is unveiling her line of houseware items at the America's Mart, and Paul is there to guarantee his daughter ample media play. After helping to promote Heather's rugs, cushions and other items arrayed with designs inspired by the Huichol and Tarahumara tribes of Mexico, Paul and his son, James, make a smooth exit to explore the side streets of Atlanta. According to Paul, James, then 21, wanted to "visit the funky side of town." So into the Read on →
"A good end cannot sanctify evil means; nor must we ever do evil that good may come of it." -- William Penn The iconic images of recent protests in Ferguson, Missouri -- after the police shooting death of Michael Brown, an unarmed black teen -- have left Americans of all ilks wondering: Is this America? Military Humvees, still in camouflage and mounted with machine guns, in the hands of municipal police. SWAT teams of police in full riot gear, bristling with automatic weapons, pointed at a lone protestor with hands up. Have we become a police state? Americans now have yet another Read on →