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 continue.

* 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.
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