The private sector’s ability and willingness to generate income and profits for government to seize through taxation is rapidly diminishing due to the increase in federal power and intervention. The drop in individual income tax revenue in fiscal 2009 was the steepest since 1939.  As the chart shows revenue continues to plummet in fiscal 2010 [...]

On February 4 President Obama submitted his proposed budget to Congress, including the most spending and largest single year deficit in the history of America. On February 18 he announced the formation of a yet another Washington “commission,” this one to study government deficits and recommend ways to reduce them, as if there were some [...]