Debts and Deficits
Debts and Deficits condemns the forced transfer of personal wealth
under the welfare system. A forceful declaration for fiscal responsibility
by government with remarkably accurate predictions, should fiscal irresponsibility
* In 1972, when the federal debt was less than $450 billion, he published,
and the Congressional Record recorded, his projection of federal deficits
and debts. At that time, he predicted a 1993 debt of $4 trillion, and
the actual figure was $4.411 trillion! Surely, no government economist
could see 20 years into the future so clearly and accurately!
* Well known for his stock market analyses, Dr. Sennholz anticipated early
in 1987 the 500-point crash of October 19, 1987.
Paperback (pp. 189)