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Shut Down Reveals the Necessity of Enormous Political and Financial Corrections
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Shut Down Reveals the Necessity of Enormous Political and Financial Corrections

Democracy and Power 104: Future Debt BurdenA government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz

10/06/2013
Shutdown Means Streamlining
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Shutdown Means Streamlining

There are a lot of myths about the looming government shutdown. The biggest one is that it is, in fact, a government shutdown. The country will not descend into anarchy, there will not be chaos in the streets (well, no more than usual) and, really, we don’t need to panic if it happens. Here’s the deal. 

09/30/2013
Oregon's Plan To Set Up A College Tuition Ponzi Scheme
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Oregon's Plan To Set Up A College Tuition Ponzi Scheme

A lot of ink has been spilled in covering the latest cockamamie idea coming out of Oregon; the so-called 'Pay it forward, Pay it back' college tuition scheme. What's striking is that the state legislature and one US Senator are giving serious consideration to what amounts to a Social Security style Ponzi Scheme - a massive redistribution plan that is doomed to fail.  This is all in an effort to create a utopian pipe dream that would magically erase the terms 'debt' and 'tuition' from our lexicon when discussing higher education.

08/22/2013
Desert City May Mortgage City Hall to Pay for Hockey Team
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Desert City May Mortgage City Hall to Pay for Hockey Team

When I say “Arizona,” what springs to mind? Cactus. Rattlesnakes. Dry heat. However, politicians in one Grand Canyon State suburb decided that hockey was the perfect fit for their desert bedroom community.The Phoenix Coyotes weren’t happy sharing a new downtown arena with the Suns. So the city of Glendale, Ariz., flush with tax revenue from the Sun Belt real estate bubble, built a hockey-only facility surrounded by miles of cotton fields.

06/28/2013
Debt Deception: Special Accounting Procedures Hide the Real Debt Numbers
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Debt Deception: Special Accounting Procedures Hide the Real Debt Numbers

The phrase, “fiscal irresponsibility” does not even begin to describe our government’s stewardship of taxpayer money. Here’s why:

06/07/2013
Indirectly - Obama and The NYTimes admit Social Security is a Ponzi Fraud
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Indirectly - Obama and The NYTimes admit Social Security is a Ponzi Fraud

Democracy and Power 103: Government MoneyIn general, the art of government consists in taking as much money as possible from one part of the citizens to give to the other. —Voltaire (1764)

04/09/2013
Similar to the City of Stockton - America is Bankrupt: Why and Who Pays?
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Similar to the City of Stockton - America is Bankrupt: Why and Who Pays?

Democracy and Power 104: Future Debt BurdenA government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. SennholzExcessive spending and debilitating debt are integral to all modern democracies. Why? Elected politicians institute programs for current voters and shift the debt to future workers, even the unborn. 

04/04/2013
Illinois' Pension Crisis: The Future of American Entitlements
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Illinois' Pension Crisis: The Future of American Entitlements

Sit up and take notice, Washington – the future of America’s entitlements is unfolding before you in the form of the Illinois pension crisis. Illinois’ five state-funded pension systems were almost $100 billion too small to meet promised pension obligations, potentially affecting state employees, “down-state” teachers (Chicago teachers have their own pension problems), state university employees and even General Assembly members.

04/03/2013
Cyprus! Government Spending, Debt and Government Confiscation of Private Property
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Cyprus! Government Spending, Debt and Government Confiscation of Private Property

Democracy and Power 104: Future Debt Burden A government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. SennholzExcessive spending and inflicting debilitating debt is integral to all modern democracies. Why? Elected politicians institute programs for current voters and shift the debt to future workers, even the unborn. Social Security, Medicare, prescriptions drug benefits for seniors are prime examples in America.

03/22/2013
Democrats Introduce First Formal Budget Proposal in Four Years
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Democrats Introduce First Formal Budget Proposal in Four Years

Congressional Democrats have finally gotten around to proposing a federal budget - the first one in four years - and you can probably imagine what it includes. According to The Hill,The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget.

03/13/2013

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