As of March 2008, it cost the U.S. Mint 1.7 cents to make a penny, 70% more than the value of the coin.
When people could live on pennies,
A woman could buy penny loafers,
A man could get his shoes shined,
And a child could eat to his hearts content.
When people could live on a dollar,
A woman could buy a little house with a garden,
A man could purchase an acre of land in Texas,
A child could pay for college.
When people could live on credit,
A woman could buy a new wardrobe,
A man could live like he was rich,
A child could use his parents credit card to buy stuff.
When people could no longer live economically,
A woman could not get a job,
A man could not get a job,
A child could get a job at a lemonade stand, but had to pay employment taxes.
Meanwhile, the government shows billions of dollars collecting interest in investments, some made outside of the US. Peoples homes are repossessed, peoples grant college money is mishandled, credit is being stolen, and jobs have been exported or eliminated.
The dream that once made the penny, the dollar, and credit great has left the country unemployed, over inflated, over charged, without the shoes on our feet, without entrepreneurs of the future, food, homes, land, college, credit, clothes, standards, and enforced labor laws.
This sounds like a gimmick or a slant on history. It isn't. It is what has happened.
In 1914 the $5 dollars a day concept revolutionized the economy.
In 2008 job losses soared to 2.6 million.
The Labor Department reported 45 million total people out of work.
Economists estimated job losses worldwide could reach over 500 million.
Life as our grandfathers new it is all but extinct.
The tax payor is no longer concerned with "Depends on what the definition of the word
Is is." For this reason it
is still the law in France that butcher shops leave the ears on rabbits (Mobi, KSL.com)
Does anyone remember an administration "Guaranteeing Our Children?"
Merriam Webster Dictionary definition states:
3 : an assurance for the fulfillment of a condition: as a : an agreement by which one person undertakes to secure another in the possession or enjoyment of something b : an assurance of the quality of or of the length of use to be expected from a product offered for sale often with a promise of reimbursement
Which definition are they using? Is it the Investors definition?
Investorwords.com definition states:
To accept responsibility for an obligation if the entity with primary responsibility for the obligation does not meet it.
Tags: Economic Unemployed Prosper Guaranteed Government Spending
