As everyone is glued to the TV trying to see if there is going to be a ton of badness with Irene or not, I thought that I would serve up a Hurricane update and some Herbert Hoover.
I know that everyone is supposed to be on edge, but it looks like this is going to be a ton of rain and that’s about it. Now, don’t get me wrong. That’s enough. Flooding will be a problem but the winds from this hurricane seem to be dying down.
Herbert Hoover said in 1932, “Nothing is more important than balancing the budget with the least increase in taxes. The Federal Government should be in such position that it will need issue no securities which increase the public debt after the beginning of the next fiscal year, July 1. That is vital to the still further promotion of employment and agriculture. It gives positive assurance to business and industry that the Government will keep out of the money market and allow industry and agriculture to borrow the monies required for the conduct of business. I cannot overemphasize the importance of the able nonpartisan effort being made by the Ways and Means Committee and the Economy Committee of the House whose work are complementary to each other.” (Read more at the American Presidency Project: www.presidency.ucsb.edu http://www.presidency.ucsb.edu/ws/index.php?pid=23478#ixzz1WCDUZuns)
More in a sec.
