Posted on 02/20/2005 10:40:22 AM PST by CHARLITE
This is marvelous! Turn up volume. Sit back. Listen! Oh, nostalgia, thy name is "fireflies forever!"
If this isn't a trip back down Memory Lane, I don't know what is!
http://www.thestatenislandboys.com/U_thrill_me/index.htm
"Thanks! Ah, YESSSS, do I remember!!! Far as I am concerned, those were the "good ol' days" that I have thought about many times, and wish I could turn back the clock to those days when intelligent people, quality education, common sense and affordable living prevailed. There are some who rationalize by claiming that living costs of today are no different than in the past, when inflation is taken into account.
I doubt that. Remember when a new auto cost $2,100, a new house was $10,000, you could fill a grocery cart for $20 vs today when the same amount of grocery items can be carried out in two bags?
What things cost in 1958:
New Car......................................................$2,200.00
Gasoline......................................................$0.30 cents per gallon
House..........................................................$18,000.00
Bread...........................................................$0.19 cents per loaf
Milk..............................................................$1.01 per gallon
Postage stamps...........................................$0.04 cents
Average annual salary.................................$5,500.00
Minimum wage.............................................$1.00 per hour
Interest rates................................................1 percent
Perhaps it is time for the nation to "go back to the future" and restore the economic conditions that existed before the infamous "Great Society" of the mid '60s created a dependence on government for everything.
In reality, it is government causing the inflationary spiral by demanding and consuming an excess of the GNP. Taxes imposed on business and industry are reflected in the cost of doing business and are that part of price increases regarded as inflation.
Over the years, there has been concern about annual inflation rates. Overlooked is that various annual inflation rates eventually accumulate in the inflation level we have today vs that of 1958. Just as an overinflated balloon will burst, so deflating it before it bursts will prevent that from occurring. Is our economy inflated nearly to the point where it will burst as in '29?
Well, today, taxes consume about 50% of the gross earnings to leave insufficient disposable net income to meet inflated living costs." RHB
That was because the Kennedy Administration, cheered on by psychiatrists and their "wonder drugs", began to encourage the elimination of state mental institutions in the early 60's. By '63 the dangerously mentally ill were wandering the streets. The rest we know.
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