Do you remember the Roman Empire? Well, I don't mean personally, but you have heard of it, right?. Those were the guys that ruled almost the entire world and then the whole thing collapsed, went away, disappeared, kaput. Well, when the empire started going down, there was this politician by the name of Marcus Tullius Cirero. He tried to warn his fellow Romans of the impending doom, but they wouldn't listen. Here's an excerpt from one of his speeches to the Roman Senate back, oh about 55 BC.
“The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome becomes bankrupt. People must again learn to work, instead of living on public assistance”.
Why do I keep getting these feelings of deja vu all over again?
Inspired by Lieutenant Colonel Allen B. West (US Army, Retired)
I've been hearing a lot of cocky comments from conservative pundits about Mitt Romney leading Obama in the polls in several states. I even saw an article a short while ago making a big deal of the fact that Obama was under 50% in California even though he was still up on Romney by 16 points.
C'mon guys and gals. Try to keep your heads on straight and remember these two things. It's only June and...
I'd kinda like to be a frog again. This is a picture of me once upon a time. Then one day my wife kissed me, turned me into a handsome prince (see profile), and handed me a Honey-Do list.
Just yesterday I posted this quote by Napoleon Bonaparte..."Let China sleep. For when he wakes, he will move mountains." I commented that "China is awake and if America doesn't wake up soon, we're going to get buried by the mountains being moved".
Then I read today that the population of U.S. millionaire households fell last year to 5,134,000 from 5,263,000. Not such a big deal, except for those 129,000 not-so-rich-now families. The kicker is, while the U.S lost nearly 130,000 millionaires, the rest of the world gained 175,000. And the increase was predominantly Asia-Pacific, i.e. China. Singapore, given as an example, has the highest "millionaire density". More than 17 percent of Singapore's households are millionaires.