Obama’s third option
The story line is the president and Congress are in standoff. If President Obama doesn’t approve spending cuts, including Social Security, Congress will not increase the debt limit, which is rapidly being approached.
That the president has only two choices, cut Social Security or default on the national debt, is a hoax. The truth is the president has a third option.
Instead of issuing interest-yielding treasury bonds and exchanging them for Federal Reserve notes he can issue United States Treasury Notes, money, and exchange it for national debt, thereby reducing the size of national debt. Then the debt limit won’t be exceeded.
President Lincoln did this to fund the Civil War and President Kennedy did it.
The U.S. Treasury Mint now prints U.S. Treasury bonds and exchanges them for Federal Reserve Notes loaned out through banks.
Media aren’t reporting this third option because they want people to think there is a crisis. Only when there is a crisis is there action in Washington. That starving the poor is being forced on President Obama is a false story.
If the president steals Social Security retirement and starves the poor, he will have made that choice himself. He wasn’t forced to do so.
For exhausted members of Congress missing summer holidays, remember this: You don’t have to be there. There is no crisis. Tell the president to do what Lincoln and Kennedy did. Then enjoy a vacation.
Service economy end game
When will the bleeding of American jobs end?
With the shutdown of the shuttle program we are again giving away our expertise to be done by a foreign country. It seems now that we will be subcontracting our delivery systems to Russia. How far are we willing to go in the dismantling of America’s ability to manufacture and build real products?
In the last 50 years, we seem to have even lost the ability to clothe ourselves, put shoes on our feet, build our own toys for children and more.
We were told that we were moving toward a service economy. Where are the service jobs for all those people who invested their education funds to become computer programmers? It seems that India has taken that position for a quarter of the wages of what we can do it for.
Big buck laws
I had to write to express my appreciation for the article in the July 7 Outdoors section, “Memories of His Majesty,” by Kathy Pollard.
Any deer hunter knows how a deer like this can make you feel. The article was very well-written and was a fitting eulogy for this magnificent and noble animal.
I have been a deer hunter for 60 years and a buck like this doesn’t come along often. Even nonhunters can appreciate the dignity of this fine animal and what it represents.
I keep and maintain my property in Dover-Foxcroft for the sole purpose of trying to nurture deer of this quality but have only had one or two in 15 years that would match this animal.
The state has failed to implement an antler law to allow deer to mature to anything near the size of “His Majesty.” I understand this deer had protected status but he was an exception to the rule. My hunting friends and I practice quality deer management only to see them fall to other hunters. This article was a good testament to letting young bucks grow to a larger size.
In defense of Good Shepherd
As volunteers at York County Shelter and weekly clients at Good Shepherd Food-Bank, we are saddened that some have problems with the fantastic work done by the organization and its dedicated staff.
We have utilized the resources at the food bank for over two years. During that time, we provided York County’s hungry 120,000 pounds of food, including good meat, healthy produce, quality dairy products and more, 60 percent of which has been at no charge. We have procured a large percentage of the remaining 40 percent at 16 cents per pound. True, some products are more expensive, but we recognize that the food bank must cover its costs of procurement, processing and distribution.
Monthly, through the efforts of the food bank, we are able to provide 300 needy seniors with commodity supplemental food program food.
The food bank’s $1,308,000 payroll covers salaries and benefits for 54 employees, an average of less than $25,000 an employee. We have come to know most of the staff through our weekly visits. They are hardworking people dedicated to feeding Maine’s hungry.
Regarding Rick Small and his salary, based on our knowledge of how well he manages this growing organization that provides 25,000 meals daily to Maine’s hungry, we frankly think he is underpaid.
We cannot fathom what the hunger problem in Maine would be without the tremendous work of Good Shepherd Food-Bank.
Carol and Dick Ogden
York County Shelter and Food Pantry
Republicans have been repeating endlessly their mantra that the federal budget
deficit is evil, that it must be eliminated by cutting expenditures without increasing taxes
(even on millionaires) because that would fall on the “job creators” whom we want to encourage.
Unfortunately, this view is dead wrong. First of all, contrary to what Republicans would like you to believe, the nation is not like a household and does not have to balance its budget. In fact, its budgetary surplus or deficit, as the case may be, should be used consciously to even out economic fluctuations. We are experiencing essentially no inflation and so budget deficits are harmless.
Second, the U.S. now has one of the most unequal income distributions in the world,
without a decent safety net.
Third, the argument that taxing millionaires taxes the “job creators” is pure fiction; the typical millionaire does not hire more or fewer people in response to fluctuations in income. Many businesses that do the hiring are awash with cash because in 2008 and 2009 they had to fire a lot of people and subsequently discovered that by reorganizing production, they could do very nicely without rehiring.
This is a major structural change in the economy and only massive intervention, such as a
large-scale public works program, will put these people back to work.
Regrettably, the Republicans seem to care more about the individual welfare of their rich
patrons than about the welfare or ordinary folk. That is too bad for all of us in the long run.