Presidential trivia, Pt. 1: What do U.S. presidents have in common?

By Paul Cross

Annuity National Brokerage Co.


What do all presidents have in common? They all have dementia – they tell us what they will do, we elect them and they forget what they told us.
 
Bill Clinton said, “I did not have sex with that woman!” Now that’s not a lie, he just can’t remember if he inhaled.

While I was in Washington to fight against 151A, it was in the halls of congress that I overheard Barney Frank's driver say, "I just took Barney to visit his doctor. After the examination while the doctor was looking through the records, he looked up at Barney and said, "I have good news and bad news." Barney said, "Well, hit me with the bad news first. The doctor took off his glasses, looked straight at Barney and said, "You have Alzheimer’s. Now the good news – by the time you get back to the Capitol, you won’t remember it.

Presidential triva (scroll down to check your answers)

1. What U.S. president said, “Blessed are the young, for they shall inherit the national debt”?
  • Franklin D. Roosevelt

  • Andrew Jackson

  • Herbert Hoover

  • George Washington
2. What U.S. president said, “I have always been afraid of banks”?
  • George Washington

  • James Garfield

  • Herbert Hoover

  • Andrew Jackson
3. Bill Clinton said, “ I experimented with marijuana a time or two, and I didn’t like it. I didn’t inhale and never tried it again.” What U.S. president said, “Look, when I was a kid, I inhaled frequently. That was the point.”

  • Lyndon B. Johnson

  • Barack Obama

  • George W. Bush

  • Gerald Ford 4. What U.S. president said, “Social Security is going flat bust!”
    • Barrack Obama

    • George W. Bush

    • Bill Clinton

    • George H. Bush
    OK, let’s check your answers. The correct answers are as follows:
      1. Herbert Hoover
      2. Andrew Jackson
      3. Barrack Obama
      4. George W. Bush
    Note: History has a way of repeating itself. Herbert Hoover said, "Blessed are the young, for they shall inherit the national debt." And so we did! And so they will again.

    The young, now boomers and seniors, inherited the national debt. We worked hard, saved and invested wisely, we expanded free enterprise, employed more people, built new businesses and built large numbers of new housing complexes with larger and more expensive homes. We created the largest windfall of tax dollars for the federal, state and local governments, at all levels, and our government couldn’t (didn’t) save a nickel.

    Our elected officials spent us all the way into austerity, and continued to leverage and borrow money, increasing the national debt. And now we are downgraded.

    Fortunately, it is the people that make impossible dreams come true, not our government; the people will once again rise to the challenges. The young will inherit the national debt, for much of their would be inheritance has been consumed by inflation and taxes, while much of it has passed or will pass to the government predeceasing the owners.

    George W. Bush sounded the alarm when he said, “Social Security is flat bust!” Where is it today? Social Security, Medicare and prescription drug liability are now more than $116 trillion in the red. That’s more than a million bucks per tax payer.

    How can we help people survive this busted economy?

    Help them protect retirement plans with streams of income guaranteed for life. Help them enjoy more income, more growth, and less tax.

    My personal mission is to help people accumulate wealth on the way to their retirement and to help people in retirement enjoy more income and continued growth with less tax.

    My motto: The more we enrich others, the more enriched we become.

    Good day and happy selling.