As Forrest Gump might say, “Socialism is as socialism does.” But what exactly is socialism?
In a new IPI publication, “On Private Sector Use of Eminent Domain,” Tom Giovanetti confronts a difficult topic and makes the limited government case for the right for property to be taken by the private sector when there is an unwilling seller and two key conditions are met under the Fifth Amendment’s Takings Clause.
The Department of Health and Human Services is forging ahead with a plan to impose price controls in Medicare.
This week’s Treasury Department numbers show that the budget deficit has skyrocketed 77 percent, in part because of increased Social Security spending and interest payments on the national debt. A new book says Congress must address the cost of the nation’s exploding entitlements and walk America back from the fiscal cliff.
Tom Giovanetti, president IPI, said he was “forced to testify in cautious opposition to the legislation and it is not because we do not value property rights and it is not because we are not sympathetic to situations where this is an unwilling seller.” But he said the bill — being limited to only private, for-profit companies — seems to assume “that private sector use of eminent domain is somehow more subject to abuse than government use or that there is something that is actually inappropriate about private sector use of eminent domain.”
A government that simply takes things because it can, and then puts the burden of proof on citizens to get their property back, is a tyrannical government akin to the abuses Americans originally rebelled against. Asset forfeiture must be stopped.
More than 100 House Democrats have introduced a Medicare for All plan that not only hands over health care to the federal government but transitions from private insurance into this government-run system in just two years.
The national debt has soared to a record high of $22 trillion and a debt limit deadline is looming. The most significant factor contributing to this out-of-control spending is the cost of the nation’s entitlement programs, more than 60 percent of all federal spending. This level will only grow unless Congress takes steps recommended by a new book, “On the Edge: America Faces the Entitlements Cliff.”
A new book, “On the Edge: America Faces the Entitlements Cliff,” shows how the U.S. can move away from the crumbling patchwork of unsustainable government programs and easily address funding for healthcare, welfare, and retirement in a way that is financially sustainable long-term.