The Congressional Budget Office (CBO) reported in early May that for the month of April 2015 the Federal government ran a budget surplus, taking in more in taxes than it laid out in expenditures. Don’t be fooled by one month, especially when it was a month when people filed and pay their taxes. Government deficits and growing debt are on the horizon for as far as the human eye can predict.
Tagged: social security
In Today’s edition of The Heartland Daily Podcast, we listen in as Senior Fellow Peter Ferrara joins The Joyce Kaufman Show to talk about his upcoming book, Power to the People: The New Road to Freedom and Prosperity for the Poor, Seniors, and Those Most in Need of the World’s Best Health Care.
In Today’s edition of The Heartland Daily Podcast, we listen in as Senior Fellow Peter Ferrara talks with Inside Track radio. Ferrara was on to discuss, among other things, the GOP budget proposal and how entitlement reform could save trillions of dollars and help millions of people.
On Sunday, April 5, Senior Fellow Peter Ferrara was a guest on the radio show “On The Money” with host Mike Vitoria on 970 The Answer in New York City. Ferrara was on to discuss America’s looming entitlement crisis.
Not only is Social Security in the worst shape it has ever been in, a recent Congressional Budget Office (CBO) report reveals the problem has grown significantly worse under the Obama administration.
The U.S. was the world’s number one economy prior to World War II, but it took off bigtime after the war and there has not been a day of my long life in which we were not number one—until now.
Everyone knows government sucks, but it will at least suck a little less with these cuts to the vacuum-based erection program. It’s just too bad they’re blowing all the savings on a new spending splurge.
Suppose that there was a button in front of you that if you pushed it would, in one instant, abolish all the governmental controls and regulations on the U.S. economy. Would you push that button, and transform America into a society of free men associating with each other on the basis of voluntary exchange, with government limited to protection of life, liberty and honestly acquired property?
“Government is the great fiction through which everyone endeavors to live at the expense of everyone else,” wrote the celebrated French legislator, economist, and political theorist Frederic Bastiat 165 years ago. With recent reports out of the Census Bureau indicating nearly half of all Americans are receiving some form of direct government subsidy – Social Security, Medicare, Medicaid, food stamps, unemployment benefits, housing assistance, veterans’ benefits, etc. – can there be any doubt he was right?
No one in Washington is taking the lead in addressing poverty and welfare reform like House Budget Committee Chairman Paul Ryan. Almost alone, he has noted that this year marks the 50th anniversary of the War on Poverty.
Limiting the term of office served by elected politicians has been a controversial issue in the United States for many years. At one time the federal government had no term limits, with the president and Congress allowed to remain in office as long as they could get reelected. Today, the president is limited to two terms, but congressmen and senators are still free to run again and again. And they do.
My Father was born in 1901 and was too young for World War One and too old to serve in World War Two. A gentle, quiet man, he would have been a terrible soldier. My older brother, however, was inducted in the U.S. Army and served during the Korean conflict. In the 1960s I served during a period of peace despite Cold War tensions.
A recent article by Paul Rosenberg in Salon contends that Paul Ryan, the Republican congressman from Wisconsin and erstwhile running mate of Mitt Romney, exhibits many of the hallmarks of a psychopath. Rosenberg claims that Ryan is “arrogant, manipulative, deceitful, and remorseless.” Whether Ryan is guilty of any or all of these sins or not, they seem to fit the bill of another prominent figure in Washington, DC: Barack Obama. Is the president a psychopath?
In whatever direction we turn, we find the heavy hand of government intruding into virtually every aspect of American society. Indeed, it has reached the point that it would a lot easier to list those areas of people’s lives into which government does not impose itself – and, alas, it would be a very short list. But it was not always that way.
America 3.0: Rebooting American Prosperity in the 21st Century tells the story of our nation’s government as crushingly expensive, one that is failing at its basic functions and unable to keep its promises. Such an unworkable and out-of-control government cannot continue as the status quo.
As a longtime book reviewer, I have read a growing stack of books warning about a financial collapse, but Holland’s book is not only based in the actual debt, but is written in a manner that even a person who has no knowledge of this issue can understand.