Posts tagged with: national debt

Ray Nothstine
posted by on Wednesday, March 27, 2013

Coolidge cover copyToday, career politicians are out of fashion. In light of Washington’s dysfunction and a hyper partisan culture, the words of politicians offer little reassurances. Their deeds even less. One career public servant is finding his popularity on an upswing exactly eighty years after his death. I asked my grandfather, who turns 97 in July, to rank America’s great presidents? He immediately answered Ronald Reagan, almost reflexively. And then paused for a few moments and declared, “That Calvin Coolidge fellow was good too.”

To remember Coolidge is to remember an altogether different America. One that was rapidly modernizing but still deeply connected to rural life and its foundations. But even for his era, John Calvin Coolidge was a throw back, a man who emerged deep from within Vermont’s rugged hills. The symbols of his humble origins were magnified after the unexpected death of President Warren G. Harding in 1923. Coolidge, awakened in Vermont, was immediately sworn in to the greatest office in the world by kerosene lamp by his father, a public notary.

Oft forgotten or lampooned as a “simpleton,” there are no grand monuments for America’s 30th president. He certainly wouldn’t have sought such recognition. But in Coolidge by Amity Shlaes, she offers a kind of monument not just to Coolidge’s economic heroism, but his character.

Coolidge governed and taught from the deep well of America’s Founding and eschewed the material for the spiritual, declaring, “The things of the Spirit come first.” He was leery of progressive schemes saying, “Men do not make laws. They do but discover them.” He added, “If we wish to erect new structures, we must have a definite knowledge of the old foundations.”
Read more on Finally, A Monument to Calvin Coolidge…

Ray Nothstine
posted by on Tuesday, February 19, 2013

Coolidge and pitching great Walter Johnson.

Coolidge and pitching great Walter Johnson.

Calvin Coolidge is ripe for national recognition and his wisdom is being sought out perhaps now more than ever. If you’re a voracious reader of commentary and columns you’ve noticed his common sense adages are being unearthed at a rapid pace. Most of the credit and recognition for the Coolidge revival goes to Amity Shlaes. Her newly released and splendid biography Coolidge can’t be recommended enough. (Full review on the PowerBlog forthcoming)

Read more on Calvin Coolidge: A Rare Kind of Hero…

It makes little, or really no sense for Americans to fork over more taxes without a balanced federal budget and seeing some fiscal responsibility out of Washington. The fact that the United States Senate hasn’t passed a budget in well over three years doesn’t mean we aren’t spending money, we are spending more than ever. The last time the Senate passed a budget resolution was April of 2009.

Read more on Raising Taxes without a Balanced Budget is Insane…

I just read the introduction to Amity Shlaes’s forthcoming biography, Coolidge: Debt, Perseverance and the American Ideal. She has been very gracious in taking an interest in the work I have been doing on Coolidge and my recent Acton commentary on the 30th president.

Read more on Amity Shlaes and the ‘Forgotten President’…

Dylan Pahman
posted by on Wednesday, May 9, 2012

Virgil's Aeneas fleeing the sack of Troy with his father on his shoulders and leading his son by the hand.

“Even the conventional everyday morality,” writes Vladimir Solovyov,

demands that a man should hand down to his children not only the goods he has acquired, but also the capacity to work for the further maintenance of their lives. The supreme and unconditional morality also requires that the present generation should leave a two-fold legacy to the next,—in the first place, all the positive acquisitions of the past, all the savings of history; and, secondly, the capacity and the readiness to use this capital for the common good, for a nearer approach to the supreme goal. This is the essential purpose of true education….

According to Solovyov, there is a basic, commonsense morality by which most parents feel an obligation to leave an inheritance to their children and give them the opportunity and know-how to use it. He goes on to argue that this principle ought to be expanded generationally: “the present generation should leave a two-fold legacy to the next,” passing on what it has received and instilling in the next generation the ability and desire to use the heritage of human history for the common good. This, he believes, is the “essential purpose of true education.” As commencement ceremonies are celebrated throughout the country this month, how well, I wonder, do we match up to this standard in the United States today? Read more on The Impious Legacy of US Education…

Ray Nothstine
posted by on Wednesday, February 1, 2012

In my commentary this week, I reflect on the unemployment rate of many newly separated military veterans of our Armed Forces. The grim jobs outlook affects our reservists and National Guard forces too. As You Were, a book I reviewed on the PowerBlog in late 2009, touched on this topic quite a bit.

Read more on Playing Politics with Unemployed Veterans…

The Keynesians will have little to cheer about in this story. Yesterday I saw this report from CNN Money that said U.S. consumer credit card debt fell by 11 percent in 2011. Mississippians led the Union by reducing their card balance by 23 percent. While total household debt fell by only 1 percent last year, it is still a towering accomplishment when compared to the U.S. federal debt increase.

Read more on Mall Rats, Bureaucrats, and Credit Card Decline…

Ray Nothstine
posted by on Tuesday, August 2, 2011

Mark Tooley has an excellent write up over at FrontPage about religious left figures staging martyr like arrests in defense of tax increases, unsustainable deficit spending, and the welfare state. Here are some details provided by Tooley:

Read more on Crossing Jordan for the Welfare State…

Ray Nothstine
posted by on Thursday, July 28, 2011

In my 2009 commentary addressing the nation’s debt crisis I included words from Admiral James B. Stockdale. The full quote comes from an essay on public virtue from the book Thoughts of A Philosophical Fighter Pilot. In his 1988 publication, Stockdale declared:

Read more on Circling the Sacred Debt Wagons…

John Meszaros
posted by on Wednesday, July 20, 2011

John Boehner recently stated, in the debt-ceiling talks, that “We’re going to continue and renew our efforts for a smaller, less costly and more accountable government,” which most Americans agree with in principle.  However, citizens say that keeping benefits the same for the three big programs, Social Security, Medicare, and Medicaid, is more important than taking steps to reduce the budget deficit by a margin of 60 percent compared to 32 percent for Social Security, 61 compared to 31 percent for Medicare, and 58 compared to 37 percent for Medicaid.

Read more on Achieving Real Budget Reform…

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