Unrestrained Government Spending, Debt and Taxes: Conclusion

When a Tax Is Not a Tax When is a tax not a tax? It’s when your government sells their income-producing assets that you have bought and paid for to get cash today. You will now pay much higher taxes because government has lost its income-producing asset. It also occurs when your government takes a […]

Unrestrained Government Spending, Debt and Taxes (Part 5): Business also gets Crushed

Corporations and Businesses Get Crushed, To0 It isn’t only the individual taxpayer who is suffering. Corporations and businesses are also being punished with taxes that take away dollars that could be used to expand the businesses, the economy and create more jobs. In a global marketplace the ability of a business to “plow back” its […]

Unrestrained Government Spending, Debt and Taxes (Part 4): Government Keeps Spending

Bailout money has led the government to now hold a majority ownership in GMAC, General Motors, Fannie Mae, Freddie Mac and AIG as well as a large share of Citigroup and Chrysler. And the $1+ trillion health care reform bill looms as yet another uncontrollable expenditure on the horizon. Yet despite our current deep recession, […]

Unrestrained Government Spending, Debt and Taxes (Part 3): Trillion Dollar Deficits

Trillion Dollar Deficits and Multi-Trillion Dollar Debts The federal government and the press began adding the word “trillion” to the American vocabulary in 2008. We began hearing about more than a trillion of deficit and trillions of total debt. Many tried to explain that a trillion is a really big number, not to be treated […]

Unrestrained Government Spending, Debt and Taxes (Part 2): It’s at all Levels of Government

The Problem Exists in Virtually Every State, County, City, and School District Enormous deficits and debt are not confined to the federal government. State and local governments are accruing unsustainable debt as well. In Connecticut, the national state debt reached $417 billion in 2008. Illinois is currently looking at an $11 billion to $12 billion […]

Unrestrained Government Spending, Debt and Taxes: Introduction

An FEN Position Paper In fiscal year 2009, the federal government incurred a record-setting deficit of $1.4 trillion. For fiscal year 2010, the federal government plans to spend $3.5 trillion, leaving a deficit shortfall of an additional $1.5 trillion. According to the federal government, our total debt was $13.5 trillion at the end of 2008. […]

A Review of Health Care “Reform” Legislation – Part 4

Steps That We Must Take There are a number of steps we must take. First, we must determine what health care costs actually are. We can do this by requiring that all payers have to pay the same for any given procedure and that the provider must charge the same amount for each procedure to […]

A Review of Health Care “Reform” Legislation – Part 3

Who Should “Ration” Health Care? Emotion and politics always play a great part in dealing with health insurance. If an experimental procedure, costing $1,000,000 might save your life, or the life of your child, should insurers pay for it? If they don’t, the child might, and probably will, die. Providers won’t undertake the treatment for […]

A Review of Health Care “Reform” Legislation – Part 2

Is the Problem “Health Care” or “Health Insurance”? Congress really misled the American people when it started saying that “50 million have no health care,” when it was referring to statistics concerning health insurance coverage. Is “health care” the same as “health insurance”? One might think that they are. The two terms have been used […]

A Review of Health Care “Reform” Legislation – Part 1

This FEN Position on Health Care “Reform” Legislation was published in the summer of 2010. The Patient Protection and Affordable Care Act With the passage of the recent “health care reform” legislation, the United States Congress passed legislation that is both unconstitutional and financially unsustainable. There is an ongoing and significant effort to either get […]