One often hears that Americans don’t save enough, but why is that? For a few, it’s probably the consequence of spending too much, conspicuously, to keep up appearances. For most people, though, that’s not true: the percentage of lavish, status-conscious spenders is a small part of most communities.
One of the reasons Americans don’t save enough is that government taxation and spending discourages savings.
See, from CNBC’s Closing Bell with Maria Bartiromo, a discussion of savings in which Cato’s Dan Mitchell contends government bears significant responsibility for a low savings rate.
5:00 PM – Festival Opens
– Midway by Christman Amusement Opens
– American Legion Beer Tent Opens
– Food Vendors Open
5:00PM – 9:00PM – Arm bands for the carnival
Live Music Stage 6:00PM-7:30PM – Pat Peterson
8:00PM-11:30PM – Brew City Big Band
(www.brewcitybigband.com) Sponsored by: First Citizens State Bank
12 Midnight – Festival Closes
On this day in 1863, the Battle of Gettysburg ended –
Wisconsin native Lt. Alonzo Cushing was one of the thousands who fought, and died, at Gettysburg:
1863 – Lt. Alonzo Cushing Killed at Gettysburg
Cushing (1841-1863) was raised in Delafield, Wis., graduated from West Point on June 24, 1861, and was immediately appointed 1st lieutenant of Battery A, 4th U.S. Artillery. Two years later, on the final day at Gettysburg, Cushing commanded 110 men and six cannons positioned on Cemetery Ridge. They received the full force of Pickett’s Charge of 13,000 infantry. Within just a few hours, all of his officers had been killed, and all but two of his guns had been silenced. He was shot through both thighs but refused to withdraw from the field. He was then shot in the shoulder and abdomen but continued to fight. As Cushing loaded his cannon for the last time, he was shot in the head and instantly killed. On May 20, 2010, he received the Congressional Medal of Honor for his bravery. [Source: WHS Civil War page about Cushing]
Via Wisconsin Historical Society.
Google’s daily puzzle is about buttons: “If you lined up a dozen 20-ligne buttons side by side, how many inches in width would the group be?”
