Obama’s Missed Deadline

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Obama ignores the law — again. President Obama is required to submit an annual budget to Congress every year by Feb. 1. It’s not just a tradition, it’s the law. But for the fourth year in a row, the Administration ignored this unequivocal requirement. Naturally, his friends in Congress and his allies in the mainstream media have pretty much ignored his flat refusal to obey the law. Are you surprised?

The first Social Security recipient. Ida May Fuller was the first person to receive a monthly benefit check from Social Security. She worked as a legal secretary and paid the new tax for three years, starting in 1936. Her total contribution when she retired was $24.75. She received her first benefit check from Social Security on Jan. 31, 1940.  It came to $22.54 — or 91 percent of all the money she paid into the system. She continued to receive a check every month until her death in 1975 at age 100. By then she had collected $22,888.92, or more than 900 times what she contributed. You can be sure you won’t do as well.

Ted Cruz proudly bats 0 for 11. So far this year, Ted Cruz, the Tea Party-endorsed junior Senator from Texas, hasn’t met a bill he likes enough to vote for it. He has been on the losing side of every Senate vote since taking the oath of office last month. “Sen. Cruz promised the voters of Texas he would take principled stands when it comes to fiscal responsibility and protecting America’s sovereignty,” said Cruz spokesman Sean Rushton.

The iron is gone from Monopoly. Fans of the board game Monopoly were asked to vote on Facebook to select a new token and also to boot one off. The shoe, wheelbarrow and iron led the list to be dropped, with the iron getting the most votes by the time voting ended. A cat will join a dog as one of eight game pieces. Can you name the others? (A car, a thimble, a shoe, a battleship, a hat and a wheelbarrow.)

–Chip Wood

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.