6 • JUNE 24, 2022 OPINION
bransonglobe.com
Train Up a Child: How can we prepare children for future America?
First Amendment to the United States Constitution Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances. ROB DOHERTY Publisher (504) 583-8907 robd@bransonglobe.com JANET STEINKAMP Editor editor@bransonglobe.com GARY GROMAN, A.K.A. THE OLE SEAGULL Independent Writer
BY PAT LAMB Columnist
A
nyone who keeps up with the news is aware of the fact that our country is having a great many problems. It is obvious that lifestyles will need to change in the future as our country faces debt at historical levels. The figures do not lie. There is no way that the debt can be paid off in the few years remaining until our children reach adulthood. Wise parents will do all they can now to
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PATTY DOERPINGHAUS
Stone County Account Representative
(530) 739-5560 pattyd.ads@gmail.com MARK FEDER
Taney County Account Representative
TIFFANY GRAVETT Staff Writer tiffanykathleenbrown@ gmail.com KAREN HALFPOP Digital/Production Director production@ BransonGlobe.com
is only one example of people not being able to distinguish needs from wants. This transfers to our children. For years we have gone into debt as a country and in our households thinking things were necessary when they were not. Romans 13:8 clearly says “Owe no man anything, but to love one another.” We have winked at that scripture in order to satisfy our wants for self-pleasure and convenience. If we don’t have the money to buy something, we should do without it. I can remember that my dad would not buy a new car until he could pay cash for it. He would take a load of cattle to market and combine his earnings with savings in order to buy a new vehicle. How times have changed!
Children want to borrow ahead on their allowance and often we give in. Why? We give in because we do the same thing when we buy things we cannot afford. We have the mistaken idea that to let children have pleasure is to show love. This is far from the truth. Real love has to be tough in order to teach correctness of behavior. Go to almost any home in America, poverty level included, and you will see broken toys or toys that children seldom touch. It is not uncommon to see toys left in the yard getting ruined. Undoubtedly, at one time, someone thought it was really necessary to get those toys for the children. Many toys break almost before a child has a SEE TRAIN UP, PAGE 8
Stock Market Insights: Whittling without breaking it
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prepare their children to cope with what they will have to face when they become adults. What can parents do to prepare their children for the America of the future? There are three things that children need to learn that will greatly help no matter what the future holds. Children need to learn to distinguish necessities from things they only want and think would be nice to have. They need to learn to be self-sufficient and they need to learn to be thrifty. Ask almost any person to give up their cell phone and they will tell you, “Oh, no! I have to have my cell phone!” Actually, mankind has gone many centuries without a cell phone. Although they are nice to have, they are not a necessity. This
BY DR. RICHARD L. BAKER, AIF® Founder & Senior Wealth Advisor at Steadfast Wealth Management
hittling a stick is therapeutic. I spent a lot of time as a boy whittling down a stick with my trusty Old Timer knife. First, the bark and then the softwood until you see the dark grain. I would play a game with myself, whittling it as thin as possible without breaking the stick in half. Right now, the Federal Reserve is trying to whittle down our economy without the economy going into recession. The Fed raised its benchmark
rate on June 15 by 0.75%, the biggest jump since November of 1994. The jump was bigger than expected even a week ago but with the June 10 Consumer Price Index (CPI) inflation report showing inflation sped up in May despite the Fed’s efforts to slow it down, they had to go big. So, what is the Fed actually trying to do? They are trying to whittle down the U.S. economy to slow down inflation but not so much that the U.S. goes into a
recession. Slowing the economy enough to cool inflation, but not too much to cause a recession is extremely tricky. Just like my whittling stick, there is a point when raising rates where the economy breaks (recession.) No one knows exactly where that breaking point is in this economic cycle but the last cycle that breaking point was about 2.5% when it started affecting the economy (we SEE STOCK MARKET, PAGE 8
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