In 1962, President John F. Kennedy hosted a dinner for 49 Nobel laureates. The occasion provided the opportunity for JFK to display his keen wit in this memorable quote: "I think this is the most extraordinary collection of talent, of human knowledge, that has ever been gathered at the White House -- with the possible exception of when Thomas Jefferson dined alone."

I wonder how many of today's high-school and college students appreciate Jefferson's genius. Our third president -- the author of the Declaration of Independence and the founder of the University of Virginia -- was a masterful scholar of history, a political philosopher for the ages, a noted horticulturist, an archaeologist, an architect, and an inventor. He also knew a thing or two about money and banking. Let's take a moment here to review the wise insights on money and banking left to us by this consummate Renaissance man.

Regarding money, Jefferson commented, "Paper is poverty. ... It is only the ghost of money, and not money itself." We should remember this when we contemplate the loss of 95 percent of the purchasing power of the paper currency called "Federal Reserve notes" in less than a century. As Ben Bernanke and the Fed create trillions of new paper "dollars," we, the richest country in history, face the possibility of a hyperinflationary collapse and accompanying impoverishment.

January

January 10: Matt Strawn becomes chair of the Republican Party of Iowa, defeating former State Representative Danny Carroll of Grinnell by a vote of 10-7 to replace Stewart Iverson. Strawn, the Iowa Barnstormers co-owner and former state director for John McCain, takes his dark-horse candidacy on the road in the months after the November election. Members of the Republican State Central Committee attributed Strawn's win to his ability to use fresh approaches to bring in new members and said his state listening tour helped him gain credibility in his quest for the position.

(Editor's note: Although this commentary dismisses Borlaug's critics, we feel that their claims should be clearly articulated. As this article summarizes, Borlaug was "the man who arguably did more than any other to nurture the era of monocrops, GM [genetically modified] foods, and the intensive use of petrochemical pesticides and fertilizers. He may well have saved a billion people from imminent starvation, but by doing so, say his critics, he also inadvertently helped to plant the seed for future environmental woes.")

Norman Borlaug in 2004Called "arguably the greatest American in the 20th Century" during his 95 years, Norman Borlaug probably saved more lives than any other person. He is one of just six people to win the Nobel Peace Prize, the Congressional Medal of Honor, and the Presidential Medal of Freedom. And yet Borlaug, who died this past September, is scarcely known in his own country.

According to two recent polls taken by Rasmussen Reports and one by the Chicago Tribune, Governor Pat Quinn has a detectable and significant problem with women voters, but a new development in the campaign might help the governor overcome this gender gap.

Rasmussen recently matched Republican gubernatorial frontrunner Jim Ryan against Democrats Quinn and Comptroller Dan Hynes. Ryan outpolled Quinn by seven points (46-39), but the former Republican attorney general trailed Hynes by two points (40-42).

What's going on? Well, the poll's internals show a stark difference among women voters. Ryan leads Quinn 45-36 among women, but Hynes reverses the result and leads Ryan 42-32 with women. That's a huge difference, but it seems to hold up when compared to other recent polling.

For years, reporters and pundits have said that Illinois House Speaker Michael Madigan preferred Republican governors because Madigan wanted to be the state's most powerful Democrat.

There is some truth to that. Madigan hasn't played well at all with the two Democratic governors whom he's served under as speaker. He battled constantly with Rod Blagojevich, and he's made Pat Quinn squirm time and time again, including holding a press conference during which he repeatedly castigated Quinn for "flip-flopping."

But there was always much more going on than just Madigan's desire to be the absolute top dog. As we've seen time and time again over the decades, Madigan prefers to share the pain of governing with the other party to deflect blame from his own party. It's one way he's held onto power for so long. And it's tough to do that without a Republican governor.

The 2010 legislative session will be dominated by budget cuts, government consolidation, and reorganization when state lawmakers return in January with what some say is a $1-billion shortfall and a midterm election just 10 months away.

Rather than a 100-day session, lawmakers will aim to have an 80-day session to do their part to cut spending. Shortening the session will save about $40,000 a day.

During a recent IowaPolitics.com legislative forum, Senate Majority Leader Mike Gronstal (D-Council Bluffs) warned that it will be a painful session as lawmakers work to realign state government with revenues. House and Senate Democratic leaders have vowed not to increase taxes in 2010 but have repeated that everything is on the table for cuts.

Last week we all celebrated -- or bemoaned -- the first anniversary of Rod Blagojevich's arrest. After Blagojevich was impeached and removed from office, I, like most others, thought that things were going to be different with Pat Quinn in charge.

But the Statehouse bickering continues and the gridlock over the state's paralyzing and mind-boggling budget deficit is almost as bad as ever. Heck, it may even be worse.

Governor Chet Culver used a speech before the Iowa Taxpayers Association to unveil 90 cost-saving recommendations proposed by consultant Public Works of Philadelphia that he said have the potential to save $341 million in the first year, and nearly $1.7 billion in the next five years.

Many of the proposals call for consolidation. They include consolidating the state's 223 data centers, 23 e-mail systems, and $2 million in wireless-equipment contracts now purchased from seven vendors. They also call for consolidating mailrooms, Department of Natural Resources offices in Des Moines, and administrative functions at Department of Human Services institutions.

The report also calls for reducing the state's car fleet, consolidating property management, and selling surplus properties, including 5 to 10 percent of the 8,000 acres of state-owned prison farms that are no longer mission-critical.

And it calls for reducing human-resource staff in departments, using state master contracts for commonly purchased goods, negotiating Medicaid durable-medical-equipment prices, increasing efforts to collect debt, and making it easier to collect unpaid taxes.

For the past several weeks, I've been confiding to friends that I think Governor Pat Quinn has turned out to be a much better campaigner than anyone expected, and a much worse governor than everyone had hoped.

The campaign team that Quinn has put together is quite good. He's raised a ton of cash, which has paid for some well-produced television ads.

"He's had to unlearn three decades of muscle memory," cracked someone from inside Quinn's campaign a couple of months ago.

Indeed.

Iowa must look toward consolidating state agencies, school districts, and counties as a way to help balance the state budget, a key legislator said at a recent IowaPolitics.com forum in Davenport.

"What we're going to have to do is consolidate," said Representative David Jacoby (D-Coralville), chair of the economic-development budget subcommittee. "We're going to look at consolidation, streamlining, and at the same time improving services."

Jacoby said legislators are working to consolidate the Department of Economic Development, Iowa Workforce Development, and the Department of Cultural Affairs. "It makes sense to me that we move these three agencies together under the same roof," he said. "It saves an administrative cost and it saves in rent that we're paying. That is a big leap I think we'll take at the state level."

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