Economics
Steve Jobs and Life’s Three Most Important Questions
The recent passing of Steve Jobs, one of the brilliant pioneers of the Information Age, has brought many thoughts to my heart and mind over the past week.
I certainly share the global adulations of his amazing life and work. He changed the world through his numerous inventions including the MacIntosh computer, The iPhone, iPod, iPhone, iPad and the multi-million dollar industry that they spawned. He was one of the great pioneers of the high tech era—an eclectic icon to this generation.
But I wonder if Steve Jobs ever correctly answered life’s three most important questions. His ultimate fate and legacy will hinge on those answers.
So will yours.
Before looking at those questions, I agree with the outpouring of global sentiment that Steve Jobs made a significant contribution to the world as we now know it—especially in computing and digital entertainment. Ed Feulner, the president of the Heritage Foundation, and certainly one of opposite political persuasion from Jobs, had these kind words to say:
“Apple Computer, the company Jobs founded at the age of 21 was valued at the close of business yesterday at $350 billion. From computing to music to journalism, Jobs changed the way the world did its business and leisure. Very little of what we do today has not been impacted somehow by Jobs and his company. He certainly changed my life from my first Apple III with floppy discs almost 30 years ago, costing about $6000 and possessing a small fraction of the capabilities of my streamlined new iPad 2, all at less than 10 percent of the cost of that early dinosaur.”
“Macs transformed the way people came to see computers, from gizmos only nerds understood or liked to things almost as organic as the partly bitten apples of the ever-present logos. Creative designing and thinking flowed naturally from a Mac, powering the creativity and productivity that have become the hallmark of the American economy. In music, Jobs changed the industry by taking it digital.”
“As for journalism and reading in general, we have now gone back to where we started: the biblical tablet. The elegant slab we take with us wherever we go can do the same for us and take us, no matter where we are, anywhere in the universe our imagination wants to visit. All this was the result of the happy coincidence of genius in an individual and a system. Jobs was an individual with special DNA.”
I agree wholeheartedly.
I never met Steve Jobs, but I’m aware of his history. He was adopted as a child–a half-Arab boy from a Persian background. After living a fairly normal American middle class life, he went in his early twenties to India in pursuit of religious truth and enlightenment. What he learned there must have stuck. When he later married, the ceremony was conducted according to Zen Buddhist ritual.
In Steve’s interviews and speeches, there’s an absence of references to God. However, not long after he was diagnosed with pancreatic cancer in 2004, he gave a commencement speech at Stanford University that gave us a small window into his soul. Here are some excerpts:
“When I was 17, I read a quote that went something like: “If you live each day as if it was your last, someday you’ll most certainly be right.” It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: “If today were the last day of my
life, would I want to do what I am about to do today?” And whenever the answer has been “No” for too many days in a row, I know I need to change something.”
“Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything ‹ all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.”
“No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new.”
“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma–which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become.”
Facing his own mortality motivated Steve Jobs to think about priorities. To his collegiate audience he stressed the value of living as if it was his last day; He talked about the need to “follow your heart and intuitions;” He encouraged the graduates to reject the “dogma” of others, and think for themselves.
But I hear a deafening silence on life’s three most important questions. What are those questions, and how do they impact the true legacy of our lives?
Number One: Is there a God?
This is the most important question. Everything else hinges upon it. If there’s no God, then I can pretty much do what I want. Without God, each one of us is our own god and everything is unanswerable, without purpose, going nowhere, and in a word—meaningless. If there’s no God, then you don’t need to listen to others but simply follow your own heart desires.
However, that answer is not true.
Yes, there is a God.
Like many folks, including Steve Jobs, I encountered some problems in my youthful years that sent me searching for truth. I found it in the reality of God as vividly seen in his creation and wonderfully revealed in His Word—the Bible. Once I knew there was a God, that revelation changed everything in my life, world, and calling.
But God’s reality only prompted the second most important question:
Number Two: If there is a God, then how do I come into right relationship with Him?
It’s one thing to be aware that there’s a God, a moral universe, and a right and wrong way to live—i.e. good and evil. It’s another thing to meet God’s conditions for friendship with Him.
As I sought to get to know God, and studied His Word, it became plain that the problem on earth and in my own life was selfishness; That God was a Holy God who hated sin out of love and truth; That I was a sinner and couldn’t change myself; But that God had provided a way for my forgiveness and transformation through the death of Jesus Christ his Son because of His incredible love for me and all human beings.
I came to discover that I could have a right and eternal relationship with God by faith. I could be saved and changed through trusting Him. This faith would direct my life on earth and allow me share eternal life with God and all other redeemed human beings after this life was over.
That led me to the final critical question:
Number Three: Then what kind of faith saves me?
There are different types of faith. One type of faith is mental—you simply agree with certain facts in your mind. I’d practiced it as a child, but it didn’t change me. I know many people that have “facts” about God without relationship or power. It doesn’t work.
The Bible also said that “even the demons believe and shudder” (James 2:19). But their type of faith doesn’t save them either. They know God exists and they’re scared spitless. But this type of demonic faith doesn’t change their life or fate.
As I studied God’s Word, I came to understand what saving faith is. The New Testament makes it clear that saving faith is a heart-felt trust that invites Jesus to be the Lord of my life. I need to agree with God about my evil heart, confess my sins, turn away from a selfish lifestyle and put my trust in the Savior to change me. He is the new boss—and I am his follower.
Many years ago I embraced God’s grace with saving faith—and became a child and friend of God.
I don’t know if Steve Jobs ever asked or answered these pivotal questions. I pray that he did. I hope that in the latter days of his life—regardless of all the great stuff he had launched and invented—he bowed his heart before God, asked his forgiveness for his sins, and put his faith in Jesus Christ as the Lord of his life.
Because this is also true: “What does it profit a man to gain the whole world but lose his soul. What can a man give in exchange for his soul? (Matthew 16:26). And “one small life will soon be past. Only what’s done for Christ will last.”
Steve Jobs was right that we all face death. That also means we all will face God. I hope that he did so with saving faith in his Creator and Savior.
If he did, his life and legacy will endure forever. If he did not, then his contributions to our world will be helpful in this life, but not eternal.
Social Security IS a Ponzi Scheme. Here’s Why and the Way Out
Texas governor and presidential candidate Rick Perry is rattling the political world by maintaining that Social Security is a Ponzi scheme. Social Security (SS) is supposed to be the “third rail” of politics–a popular program that you criticize or alter at your own peril.
The pundits are drooling that Perry and the Republicans are in deep trouble if they continue to speak about changing the system that FDR gave us in the 30s to help elderly retirees.
I don’t believe it. I have come to this conclusion about Social Security:
What’s good for me is not good for America.
And if I and many others are not willing to put country before self over this and other vital national interests, then we’re probably finished as a just and prosperous nation.
Here’s why…
I am a Baby Boomer who could start taking Social Security in five years and expect to live another twenty or thirty. I’m also in the lowest tier of income earners in America (due to my choice to be a Christian missionary) who could greatly benefit by the monthly check from the government.
I also know many people who are currently on SS who would like to keep getting their monthly checks from the government. So would I. But I also realize that SS and other large entitlement programs will bankrupt this nation if we bury our heads in the sand, selfishly demand our checks, and don’t have the guts to do something about it.
Gov. Rick Perry has told us the hard truth.
Social Security is a sham–a fraud–and if left unchecked, will fail for everybody.
I don’t know the motivations of those who gave us Social Security. For argument sake, let’s say that the those who launched this social experiment many years ago were well meaning and thought that it would be a good idea to collect money from working Americans during their productive years to give back during retirement.
Fine. People were suffering greatly during the Great Depression and our leaders thought it might be helpful to especially protect the vulnerable elderly.
But good motives can have terrible consequences if ill-designed and delivered. Some of the worst financial consequences come from Ponzi schemes. Think Bernie Madoff–and the thousands who lost their life savings through his mischief.
And Social Security is nothing less than Ponzi-like. Erick Erickson explains:
“Social Security is, for all intents and purposes, a Ponzi scheme. Don’t believe me? Try out the Securities and Exchange Commission definition: ‘A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk.’
“Or how about from Wikipedia? ‘A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.'”
Note the clear definitions. Ponzi schemes are never good investments. They promise great returns in the future, but they spend more money in the present than what they save for the future, and only survive for a time by having new suckers come into the system to pay for the current obligations.
But the operation is a house of cards that over the long-run cannot be sustained and ultimately collapses–especially hurting the last investors to enter the charade.
In terms of SS, think of our children and grandchildren.
There is really only one difference between a Ponzi scheme and Social Security. In a Ponzi scheme fraud, the game always collapses when the criminal runs out of money. In American, the criminals (i.e. the government), don’t run out of money because they can always tax more and print more.
But alas! Those days are over. The American nation can no longer bear increased taxes or more fiat money.
The “game” is essentially over.
Here’s the truth about Social Security:
1. It was begun during a time in which most Americans lived to be about seventy. It was designed to help them with the last five-to-ten years of life. Today, many Americans live into their eighties and nineties and can collect SS for thirty years or more. Thus retiring Americans today will receive three to five times more money than they ever put in! That’s not a great return. It’s robbing future generations.
2. The monies that were collected since the 1930s were never invested or “held.” They were spent every year in the general federal budget. Social Security was never a fund or investment. It is a data-entry IOU. In the early years of the programs, there were plenty of younger workers to pay for retirees. But no longer. Social Security expenditures exceeded the program’s non-interest income in 2010. The $49 billion deficit last year (excluding interest income) and $46 billion projected deficit in 2011 are just the beginning of a half a trillion dollar short-fall by 2021 (CBO estimate). The retirement of the Baby Boom generation creates a desperate situation that will overwhelm the system. Not in the future. Now.
3. We can’t raise taxes to fix the broken system. There are simply not enough younger workers to pay for the older generations–unless they start giving 50-100% of their income to the federal government. This is not an answer. It is slavery and tyranny of the young.
4. The enactment of Social Security had two other negative consequences. First, it astronomically grew the size of government and created dependency for millions of Americans. This was never the American way. Secondly, it began to divide and diminish the American family. For hundreds of years, American families took care of their own–not just the nuclear family, but relatives of all types. If you read the literature of the 18th and 19th centuries, you hear of families being responsible for grandparents, aunts, uncles, cousins–everybody related to them. This was a good thing that placed the family at the center of society. Government has now taken its place–and no wonder the American family is dying. When you don’t need each other, meaningful relationships cease to exist.
Rick Perry is right. Social Security as it currently exists is a fraudulent program that is a financial cancer on the American economy. We must talk about it and we must makes some changes. I have a few recommendations:
1. Raise the age threshold as people are living longer lives. Continuing to work and be productive is a good thing. Retirement–for twenty or thirty years–is not a right. It’s a privilege and fruit of a well-lived life. Just raising the age to 67 or 70 would save billions of dollars per year.
2. Make Social Security a true savings instrument where the money is “lock-boxed” and invested in financial markets to multiply a return. This is the way that it always should have operated. The government must collect SS money, not spend it on other things, and invest it for future payments. And older folks should receive at retirement only what they’ve contributed and the interest it has earned–not five times what they put in.
3. If younger generations don’t want to invest in the government system, they can take their SS monies and invest them personally in other private instruments. If government cannot be competitive, then it shouldn’t be allowed to be in the retirement business at all. More choices will mean better returns.
4. Americans should be encouraged once again to be the primary providers for their own families. I am personally arranging my future finances around taking care of my own. There’s nothing wrong with children caring for their parents and grandparents in their later years–and even living together as a result of that commitment. This would strengthen and renew the American family. God knows this is one of our greatest needs as a society.
To make these ideas and other good reforms come to pass, we need to be dirt honest about the giant Ponzi scheme called Social Security and be willing to do the right thing–even at our own expense. Here’s the principle to which we must commit:
What’s good for me isn’t necessarily good for America.
Translation: The Ponzi-like Social Security check that I’d love to receive from age 65 to 90 is bad policy for my nation. I won’t take it. It’s better to “ask not what my country can do for me, but rather ask what I can do for my country” (John F. Kennedy.)
That means I need to work a little harder and longer, give up the money I don’t deserve, take responsibility for my extended family, and work to reform the system for future generations.
If we do, they will rise up in the future and praise us.
The Compromise: The Tea Party Erects a Speed Bump
The battle over increasing the debt ceiling for the United States government ended today when Congress approved and the president signed a bill that would raise the current debt limit by 400 billion dollars. The House vote was 269-161 and Senate approved the measure 74-26. It was a hard fought battle that kept the nation and world on edge for days.
I’m greatly disappointed in the compromise–though pleased with some details–and have been thinking about a phrase that describes the ordeal we have just experienced:
You can’t see the forest for the trees.
Here are a few of the trees: The mainstream media is calling the debt ceiling compromise a huge victory for the Tea Party movement. They say that Barack Obama’s showed strong leadership, politics as usual was demonstrated by both parties, and that the “compromise” was a good thing in the end.
They are wrong.
These are just trees–not the bigger picture.
What’s really happened is that the Tea Party managed to erect a temporary speed bump in front of runaway government spending and begin to re-frame the debate. The “forest” of financial disaster still looms in front of us–dark and foreboding.
We must continue to fight to save our Republic.
Before we discuss the bigger war and battles that lie ahead, let’s look at the “speed bump” that was erected this week.
Here’s how the Family Research Council saw it:
“The framework…would raise the debt limit by at least $2.4 trillion and get Obama and congressional Democrats past their target date: Election Day 2012. In return for this generous political cover, Democrats would agree to a modest $1 trillion in supposed cuts spread out over 10 years; $350 billion of those “upfront” savings come from gutting national security resources.”
“A trillion dollars over 10 years is not sufficient to impress credit rating agencies, which have threatened to downgrade America’s credit status. In fact, Moody’s announced that: “Reductions of the magnitude now being proposed, if adopted, would likely lead Moody’s to adopt a negative outlook on the AAA rating.” The current plan does not improve upon either of those earlier plans.”
“In addition to the $1 trillion, the framework sets up a ‘special’ congressional committee that would seek $1.4 trillion in ‘deficit reduction’ by the end of 2011. Of course, for liberals, ‘deficit reduction’ is synonymous with ‘higher taxes.'”
“If the commission’s recommendations are not enacted, across-the-board spending cuts would be triggered, half of which (nearly $500 billion) would come from national security spending. Every honest observer knows the problem is entitlement spending, not the defense budget or a lack of revenue. Defense spending has been on the decline for decades, as a percentage of GDP. It is currently below its historical average of 5.2 percent of GDP. Meanwhile, entitlements (Social Security, Medicare, and Medicaid) grew from 2.5 percent of GDP in 1965 to over 10 percent today and represent 60 percent of the total federal budget.”
The Heritage Foundation saw the debt ceiling compromise in these terms:
“Unfortunately for taxpayers, most of these cuts are to what the country would have spent, not what we are spending. In other words, the government will keep growing, just at a slower rate. The Left will have the satisfaction of raising our credit limit for six months but spreading the pain of cuts over 10 years. Obviously, we have no way to estimate what inflation will be in 2021, but we can look back on the cost of living over the last 10 years and see that the value of the dollar diminished by about 24% since 2001. If the next decade is similar to the last, then $1 trillion in cuts today will be more like $800 million in cuts tomorrow. “
“To help hold Congress’s feet to the fire on deficit reduction, the deal does asks for a second wave of spending cuts this year. The only hitch is, those cuts would be determined by a select number of congressmen. It’s been dubbed the Super Committee, and judging by the description, there’s a lot to dislike. Twelve members (six from each chamber and six from each party) will have to find ways to slash the deficit by another $1.6 trillion before the end of the year. If they don’t, a surge of cuts to the defense and Medicare budgets would automatically go into effect.”
“On the bright side, the agreement does make a vote on the Balanced Budget Amendment a condition of the final deal. Any victories the GOP can claim in this debate are owed to hard-core conservatives like Reps. Jim Jordan (Ohio), Michele Bachmann (Minn.), Steve King (Iowa), and Louie Gohmert (Texas), who held firm in the face of enormous political pressure. Without their resolve, there would have been little to negotiate.”
So here’s what it all means–to get back to the “forest” analogy. I want to lay this out in stark terms so that you don’t miss the big picture:
Today, the United States government is 14.5 trillion dollars in debt. In less than two years we will be over 17 trillion dollars in debt–and gobbling up 25% of our Gross Domestic Product (GDP). Our historic average is 18%. We are currently running deficits of over 1.5 trillion dollars a year–for as far as the eye can see. We borrow forty- three cents of every dollar that we spend. Next year, the so-called “cuts” will be a measly 22 billion dollars.
That’s six days of federal spending.
A dirty little secret–the true “Satan Sandwich”of our current deficit binge–is that none of the “cuts” that are mentioned above are actual reductions in spending. Federal entitlement programs–currently 60% of the US Budget–increase 7-8% each year. All so-called “cuts” are really cuts in the growth rate of Big Government–nothing more.
Imagine your family bringing in $60,000 a year in income, but spending $100,000. You are $1,000,000 in debt and it’s begun to grow exponentially. To stop the bleeding, you decide to spend $107,000 next year instead of $108,000. And on and on.
If you did that in the real world, you would crash and burn.
Sound crazy?
Well, that’s the Federal Government “dealing with the problem.” There’s no real reckoning with reality–just a slight retarding of a nasty habit that will have devastating consequences in this nation and the world economy if we allow it to continue.
Yes, we do need to give the Tea Party legislators credit. Without 120 courageous members in the House of Representatives, the debt ceiling would have been raised with a yawn–and there would be no discussion of “cuts” of any type. During the first two years of the Obama administration, when the liberals controlled all branches of government, we spent four trillion dollars inflating our National-Debt-and-Government Monster.
Thanks to the Tea Party, a speed bump has been erected. It doesn’t stop the runaway car–it just slows it slightly. It’s a small victory in a big war, but unless we win the war, the United States is finished as a nation.
A black, ugly, destructive forest of financial disaster still looms in front of us. The liberal elements still control the White House and half of Congress. If we do not stop them, the United States as we know it will be added to the ash heap of history.
We will be Greece–times one thousand–and fade into obscurity.
As people of faith and courage, our marching orders remain clear.
1. We must decisively win back control of the United States Senate in the 2012 elections to stop the progressive spending insanity. We must increase our majority in the House of Representatives.
2. We must defeat Barack Obama in 2012 with a conservative candidate with spine and vision to make the hard choices to pare down entitlements.
3. We must pass a responsible balanced budget amendment and have it ratified by the states. Our leaders in Washington will never have the guts to do it.
4. We must change our current tax code from a job-squelching progressive income tax to a fair tax or a flat tax. This would make the United States the investment haven on the world.
5. Over time we need to pay-off our 14.5 trillion dollar debt.
To accomplish the above legislative goals, we need to change ourselves first. As individuals and families, we need to reject irresponsible debt and live within our means. We need give up our entitlement mentality and take more responsibility for our own lives.
The government does not owe us a certain standard of living. It owes us an “honest money–just society” that gives equal opportunity to all people and protects us from our enemies.
And to accomplish that, we need more of God in our hearts and practices.
This coming Saturday, August 6, “The Response” is taking place in Houston, Texas, and many cities around our nation. I encourage you to participate. It’s a national call, led by Texas Governor Rick Perry, for America to return to its God-fearing roots.
The Tea Party erected a speed bump–a warning.
But only a prayerful, repentant response to God can get us completely turned around and moving in the right direction as a nation.