Taxes

American’s Losing Economic Freedom

Economic Freedom Lost

How does an American citizen equate losing their freedom? Merely by looking at the US Constitution, laws, regulations and deciding nothing is gone or all is gone?

There are more ways to split the freedom pie and the political class, i.e. Big Government, has done it since the birth of America. From a slow drip to a fast stream we have lost, and continue to lose, the freedom as written in the Constitution.

People are beyond dumbed down, they are lazy and don’t pay attention to matters of great importance. The young in this country are all in with Marxism but they really don’t understand it’s history or the end result of tried and failed Socialism. As long as they get theirs it’s all good.

America is on a fast path to radical Socialism, much of the implementation is already here, written in the laws, deep in the bowels of government diktat under regulations, executive orders, without proper Congressional regulation.

But what if you’ve lost your property rights and failed to notice just how corrupt America has become? America is no longer in the top 10 of the freest economies in the world.

Based on numbers from the recently released Index of Economic Freedom the United States was 6th when Barack Obama took office but is now ranked 12th in the world.

Over the 20-year history of the Index, the U.S.’s economic freedom has fluctuated significantly. During the first 10 years, its score rose gradually, and it joined the ranks of the economically “free” in 2006. Since then, it has suffered a dramatic decline of almost 6 points, with particularly large losses in property rights, freedom from corruption, and control of government spending. The U.S. is the only country to have recorded a loss of economic freedom each of the past seven years.

In the video’s Free To Choose you will discover that Dr. Milton Friedman discusses economic freedom and uses Hong Kong for his example. These video’s were done in the 1980s and today Hong Kong ranks number 1 on the index.

These rankings use government spending as one criteria in developing it’s numbers. The US does it’s worst with its out of control spending and ranks last in that category. The more out of control government spending the more loss of economic freedom to its citizens.

Obamacare is at the core of lost economic freedom which “appears to be significantly hurting job creation and full-time employment.”

“Substantial expansion in the size and scope of government, including through new and costly regulations in areas like finance and health care, has contributed significantly to the erosion of U.S. economic freedom.”

Freedom leads to economic prosperity something the Founding Fathers deemed necessary regarding total individual freedom. When government doesn’t live within sound budgetary means then individual freedom is taken away. Congress is currently preparing to spend another $1 Trillion in the coming week.

 

Keep in mind, Republicans have the majority in the House and are in charge of the US purse strings. No matter, they are aiding and abetting the Omnibus bill. It takes 12 spending bills to fund the entire government. But in an omnibus, Congress throws all of those together and just votes once on the whole thing. Republicans and Democrats – GUILTY AS CHARGED!

UPDATE: The $1 trillion dollar Omnibus bill is complete.

m4s0n501

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Posted by Don Anastas - January 14, 2014 at 12:53 pm

Categories: Economics, Taxes, U.S. Constitution   Tags: , , ,

America the Welfare State

American Welfare State

With $17 trillion in national debt the United States is on its way to bankruptcy. This debt is continuing to rise each day and the new entitlement known as Obamacare is taking root despite the calls for defunding or full repeal.

As long as a Democrat or soft Republican is in the White House the so-called Affordable Care Act is going no where, the flaws in the web site are merely delays to force a mandated system into a full single payer heath insurance system, the real goal of the Left.

The US governing system is growing, the entitlement state is expanding, Obamacare is becoming more than an elephant in the room, it is helping to grow America as a total welfare state.

Just like the big three of entitlement programs – Social Security, Medicare and Medicaid – Obamacare has created a fourth mammoth entitlement program that is increasing spending, increases dependency on government and increases the national debt.

Obamacare is taxpayer funded with huge subsidies which will eventually dry up. As more and more people get in on this fourth axis of entitlement more taxpayers will be required to fund the system  but the program will suffer under its own weight.

By 2023 it’s estimated 24 million people will receive coverage from healthcare exchanges, 19 million will receive subsidies based on their relationship to poverty levels and taxpayers will be required to fund $1.1 trillion between now and 2023.

Medicaid, already a failed and bankrupt system, will see 21 million new enrollments by 2021 with childless adults making up the majority of that group. Obamacare expands Medicaid eligibility to any individual earning up to 138 percent of the federal poverty level —an annual income of $15,856 in 2013, in any state that allows it. The system is creating new problems into what is a completely failed one already.

A frequent comment comes up when I write about the failings of Obamacare asking me what Republicans have done to come up with a better idea. I refer them to a plan developed at Heritage Foundation which is a free market system offering citizens their own choices based on their needs and requirements without government intervention. Real Conservatives do have an alternative to Obamacare.

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Posted by Don Anastas - January 7, 2014 at 11:37 am

Categories: Economics, Health Care, Politics, Social Security, Taxes, U.S. Constitution   Tags: , ,

Government Waste in 2013

2013 Government Wastebook

Sen. Tom Coburn (R-OK) has released his “Wastebook” for 2013 (Pdf.) a mere 177 pages. Heritage has its own Top 10 for 2013 and a slick video to go with it.

10. Outhouse in Alaska: $98,670

9. A bus stop with heated pavement for the Washington area: $1 million

8. Grant for a pole dancing performance: $10,000

7. Pizza — from a printer: $124,995

6. Study to find out if couples are happier when the woman calms down after argument: $335,525

5. Booze and crystal for the State Department: $5.4 million

4. Monitoring depression on Twitter: $82,000

3. Seven-figure stack of rocks at the London Embassy: $1 million

2. Artwork for Veterans Affairs offices: $562,000

1. Government employee trip to luxury hotel in the Caribbean: priceless

 

 

Not to worry – Rep. Paul Ryan (R-WI) joined Leftist Sen. Patty Murray (D-WA) and got a new budget passed which increased spending on the backs of taxpayers and the US Military.

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Posted by Don Anastas - December 30, 2013 at 11:45 am

Categories: Economics, Taxes   Tags:

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