Monday, November 24, 2008

Why We're Not Rich




Even though we own an oil/gas well.


Some months ago, Fanny received an intriguing letter from a law office informing her that she and several others had inherited some oil/gas leases. Of course, always on the lookout for fraud, we called her Uncle who has a lifetime in the "oil bidness" (as they say in Texas) and he told her it was legit. He also said that although it would pay off, it wouldn't be a lot so don't get too excited. We laughed as I worked on the math and determined that she owned a portion comprising something like 1/238th of a small part of said operation.

Today the data came in. Fanny is the proud owner of:
0.925926 of 27/32 of 2.488 divided by 511.3153 x 1/2 of 1/8 of 10 leases of a producing GAS field. The company checked the math for me and if I'm reading this correctly, Fanny owns 1/10,000th of 1% of said leases. I was surprised they paid the postage both ways for the documentation because I think that 84 cents probably puts her in the hole to the company. In fact, this statement from the "Division Order" tells the whole story: "Payor may accrue proceeds until the total amount equals $100, or pay May 15 of each year, whichever occurs first." I think we might get a bill instead.

This has been a fabulous year for us. We inherited an old dog and racked up a huge veterinarian bill along with a gas well. I pray for our relatives' health as I'm afraid of what they might leave us next.

Sunday, November 23, 2008

POVERTY REDEFINED
copyright 1997
all rights reserved

I always imagined that I was poor when I was a teenager. Grandmother and I lived on her social security and pension of $115.00 a month. Thanks to a few relatives and the kindness of a landlord who frequently waived our rent, we managed to eat and pay the utilities. We lived in what was then known as poverty.

Today such a situation is unimaginable. The government has drawn a poverty line in the sand. Poverty doesn’t mean being poor anymore. Poverty used to hurt, was socially unacceptable and everyone tried to avoid living in it. Now poverty is something that entitles people to special status and treatment under the law. Poverty isn’t what it used to be.

Poverty today is the right not to work and be subsidized by those who do work. It means freedom and freeloading. It is a shopping cart full of groceries, a satellite dish in the front yard and a car. Poverty means receiving at least one or two checks a month in the in the mail along with food stamps and vouchers. Poverty is subsidized housing, cheap health insurance and discounted utilities. Poverty is now an occupation that affords one plenty of time to pursue an avocation.

Poverty is watching rented video movies on a color television. It means having discretionary money for lotto tickets, cigarettes, alcohol and disposable diapers. Poverty is a social event at the local tavern or a protest march on the capital steps. Poverty is political clout and a free college education. It is the pregnant welfare mother living with her gainfully employed boyfriend. Like a clever thief, poverty reaches into the pockets of hard-working Americans.

Poverty is even an excuse for every other social ill. Drug use, child abuse, robbery and even murder are blamed on poverty. People no longer commit crimes; poverty does. Poverty makes people riot and destroy the holdings of industrious and successful people.

Poverty is now defined by agencies of the government and people who haven’t felt it and don’t know what it is. Earn less than $12,000 a year and you are impoverished. Receive a welfare benefit package worth $20,000.00 and you are still impoverished. Poverty is a political tool used to get properly concerned individuals elected to high office. Poverty is nothing but a word hijacked and used for personal political gain.

Poverty in the United States is more than a comfortable living. It is something many protect with religious fervor. Politicians need poverty to rail against and huge bureaucracies employ thousands to administer to the poor. Poverty is big business.

There is no shame in choosing poverty as a lifestyle. An acquaintance of mine refers to her welfare check as her “paycheck.” Offered employment, she says she doesn’t want to face a cut in her benefits.

What poverty really means is destitution. It is the hollow-eyed child with a distended abdomen and the skeletal parent starving in blighted African lands. It is a handful of rice each day for nourishment. Poverty is no heat in the winter, no running water, no electricity and no hope. Poverty is the mother with no breast milk for her baby. Poverty is the homeless man found dead of hypothermia. Poverty is pain and suffering. Few Americans know real poverty.

I still think I was once poor. I remember the bare walls and floors. I remember transportation as getting somewhere by foot. I remember, and it makes me wince when I hear a politician lament the rise in poverty in our nation. What passes for poverty in America would qualify as affluence in many countries. Poverty has changed a lot in the last thirty years. Somehow it just isn’t the same.

Sunday, November 16, 2008

Time To Act. Give Steele A Chance.





I used to laugh at how Democrats viciously devoured their own after an election. The anger and finger-pointing at Gore, Liebermann, Kerry, and Edwards was comical and predictable. There never seems to be a Nixonian rise from the ashes of a crushing Democratic defeat although Gore managed to salvage himself somewhat with his Nobel prize and Academy award.

Now that this election cycle is over, it's time for Conservatives to clean their filthy house. How we do that is fairly simple. Get rid of Republican Lite people like John McCain and Rudy Giuliani and let's plow the Governator under while we're at it. These people aren't moderates, they're sell-outs. Who can argue that McCain was a failure before he ran for President? McCain-Feingold gave McCain what he deserved and McCain-Kennedy was a betrayal. Mitt Romney needs to mend his flip-flopping ways or he can get out too.

Add to that Foley and Craig corruption along with Lindsey Graham attempting to slaughter "loud people" and a Congress full of free-spending Republicans and you have the recipe for a party with it's own peculiar ghetto. The party is plagued by unprincipled pricks and hacks who think that by pointing to the misbehavior of certain Demcrats, they have some kind of moral equivalency. I beg to differ. Democrats rarely pretend to be principled and have no duty therefore to apologize for William "cold cash" Jefferson or Barney Frank, Chris Dodd, and Jack Murtha.

So it is time for Mike Duncan to step down. He's the leader of losers and we need a different kind of leader and maybe an enforcement wing of the the party to weed out and punish the emerging left-wing of the Republican Party. If Michael Steele wants to chair the RNC, let's give him the chance. There doesn't seem to be anybody else out there that offers "hope and change" for Conservatives. Get behind Steele and maybe there will be a slight chance for redemption.