Month: April 2024

Economics

Government’s Debt Ceiling, Defined

April 25, 2024 thefpAdmin 0

What is the Debt Ceiling Limit? The debt ceiling is a limit imposed by Congress on how much debt the federal government can carry at any given time. When the debt ceiling is reached, the US Treasury cannot issue anymore treasury bills, bonds or notes. It can only pay bills as it receives tax revenues. In other words, each time the debt ceiling is increased, it essentially allows the federal government to pay bills above its means. Average Citizen Comparison We can compare this practice to a personal credit card issued by a bank in your name. At issue, you were given a credit limit of $3,000.00 with an interest rate of 21% per year. […]

Our Founders

Abigail, The First Feminist

April 14, 2024 Clay Blanche 0

Abigail Adams – First Lady and First Feminist Abigail was born Abigail Smith in Weymouth, Ma on Nov. 11, 1744 to Elizabeth Quincy Smith and William Smith. Young Abigail Smith was romantic, energetic and intelligent, at the same time shy and very determined, a mix that seemed to always lead to her being in trouble and causing mischief. Young Abigail She was educated at home, only young men were given formal training but, she overcame this minor setback by the use of her maternal grandfather’s extensive library.  Miss Smith excelled in academics with a preference for math, philosophy, and government. With no formal education, she was very self-conscious about her inability to spell and punctuate […]

Our Constitution

What Are Unalienable Rights

April 4, 2024 John Barrett 0

Exploring the Source of Our Rights…and Why No Entity Can Take Them From You Thomas Jefferson was very clear as to the source of our rights and why that was important.  No matter what you may have heard about Thomas Jefferson –  I know when I was in high school, it was we were taught that Jefferson was an atheist – he spent a good portion of his life crediting God for our country and promoting that idea that our rights are the gift of God. In Rights of British America (1774), Jefferson wrote, “The God who gave us life gave us liberty at the same time; the hand of force may destroy, but cannot […]

No Picture

Shays Rebellion and the Constitution

April 3, 2024 thefpAdmin 0

Shays Rebellion was an uprising in Massachusetts that took place in 1787. It was in response to dire economic conditions after the Revolutionary War and Government indifference to the plight of rural Massachusettsans.  Shays Rebellion highlighted deficiencies of the weak central government under the Articles of Confederation. As a result, many historians consider it a catalyst to the adoption of our current Constitution.  Economic Problems  In 1780, Daniel Shays retired from service in the Revolutionary War after he became injured. The Fledging United States of America operated at that time under the Articles of Confederation. This first effort to organize a Government in the new World gave almost no power to the Central Government. Although […]