Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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Congressman Cleaver borrowed $1.35 million a decade ago. It was for a car wash. He got a Small Business Administration loan guarantee. If he defaults, taxpayers pick up the tab. The venture has not worked out. He has paid Bank of America for ten years, and he still owes $1.2 million, plus $300,000 in late [...]
Continue reading →Ben Bernanke sees that the present deficit is not sustainable. He has repeatedly warning Congress that a crisis is brewing if Congress will not call a halt to the deficit. Congress of course kicks the can. It is interesting that CNN, an Establishment media outlet, has called attention to Bernanke’s warning. Consider this. Official Congressional [...]
Continue reading →Washington, DC – Today, Taxpayers for Common Sense awarded the Golden Fleece to Rep. Ed Whitfield (R-KY) for introducing H.R. 4342, the Waterways Are Vital for the Economy, Energy, Efficiency, and Environment Act of 2012 (WAVE4 Act). This legislation would codify recommendations made by barge operators to increase the federal subsidy for inland waterway construction [...]
Continue reading →Sheila Bair was the head of the FDIC, which insures our bank accounts. She understands what interest rates at zero mean. In this essay, she pokes fun at Bernanke and the FED. Are you concerned about growing income inequality in America? Are you resentful of all that wealth concentrated in the 1 percent? I’ve got [...]
Continue reading →The U.S. government is spending $133,000,000 to renovate a government office building in Portland, Oregon. It will make the building “green.” It will plant shade trees — 18 stories of shade trees. The savings are officially estimated to be $280,000 a year. A critical story in the American Spectator reports that this will take 475 [...]
Continue reading →Obama wants Americans to pay for Third World nations to combat global warming’s effects. What global warming? Temperatures have not risen for a decade. No matter. When the President wants American taxpayers to fund Third World bureaucrats, no sacrifice is too great. This $770 million expenditure is part of the Global Climate Change Initiative (GCCI). [...]
Continue reading →The National Security Agency is building a gigantic spy center in tiny and obscure Bluffdale, Utah. It will be huge: a one-million-square-foot data collection center. This is five times the size of the U.S. Capitol building. The NSA tried to keep this secret, but James Bamford blew its cover (again), in Wired last month. He [...]
Continue reading →Retired finance professor Michael Rozeff offered this suggestion on LewRockwell.com, which is a good source of creative ideas. You may think this is utopian, bit it’s the thought that counts. * * * * * * * * * * * This is my imaginary fantasy, not a serious proposal. Still, it shows the tremendous [...]
Continue reading →Earmarks are special-interest spending projects that Congressmen and Senators stick into 2,000-page bills. These pork projects are often unrelated to the official purpose of the bill. These days, earmarks in general have a bad reputation. Of course, specific earmarks are as popular as ever with the folks back home. Voters love pork when it’s on [...]
Continue reading →Congress in its wisdom passed a law in 2007 that led to the banning incandescent of the sale of light bulbs, beginning on New Year’s Day, 2012. By 2015, all of them in between 40 watts and 150 watts must be gone from the shelves. The 100-watt lights go first, by law. Maybe you don’t [...]
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