Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on March 29, 2013
It has been all over for Feinstein’s gun grab for weeks. Her bill was dead on arrival, as I wrote two weeks ago. But now the Senate Democrats’ softer core version is DOA. There is a group of Republicans ready to imitate Rand Paul’s 13-hour marathon. They see the publicity he got, and they are […]
Continue reading →Written by Gary North on March 21, 2013
The Senate passed a bipartisan bill this week. Senate Republicans buckled. “Spend, spend, spend!” The House of Representatives is about to offer its version of the budget. “Cut a little bit for the sake of public relations in our districts!” There will be gridlock in March. This will be enough to let 2011’s bipartisan law […]
Continue reading →Written by Gary North on March 13, 2013
The crunch will come on March 27, when the federal account juggling going on in Washington finally will end. Then sequestration will begin. Congress is deadlocked. Senate Democrats are proposing tax hikes. Surprise, surprise. They want taxes to increase by a trillion dollars over 10 years — the ever-popular “decade game. ” They will also […]
Continue reading →Written by Gary North on March 1, 2013
Obama says Congress must raise taxes on the rich. Public opinion polls say most Americans agree. Most Americans are thieves. They want all of the government-provided goodies at someone else’s expense. That is what the welfare state is all about. Speaker of the House Boehner says “no deal. Cut spending.” If he deviates this month, […]
Continue reading →Written by Gary North on February 27, 2013
The immigration bureaucracy, known as the ICE, has released several hundred deportees. They were free to go. They went. The head of the agency said that this was in preparation for expected budget cuts. A federal bureaucracy is trying to save money.What’s going on here? This is a tried-and-true strategy of all governments that are […]
Continue reading →Written by Gary North on February 27, 2013
Bernanke gave a presentation in front of U.S. Senators, and they all played puppy dogs. Elizabeth Warren, the ersatz Cherokee Indian squaw from Harvard, asked him why the Federal Reserve has not come up with a solution to the “too big to fail” banks. Bernanke said they’re working on it. There were questions about how […]
Continue reading →Written by Gary North on February 26, 2013
We have head about the trillion dollars in automatic spending cuts. It’s headline news. That’s part of the decade flim-flam. The government always reports one full decade’s cuts. But it never, ever mentions in these reports regardung the Congressional Budget Office’s estimate of total federal spending over the decade: $47 trillion. You mean that the […]
Continue reading →Written by Gary North on February 22, 2013
Sequestration begins on March 1. This means spending cuts. Well, not exactly cuts. There will be reductions in spending increases. Both sides are aghast. The thought of a pork reduction program of $85 billion in a budget of $3.8 trillion is horrifying in Washington. Reuters calls such cuts “harsh.” The cuts will go into effect […]
Continue reading →Written by Gary North on February 20, 2013
It was not George W. Bush. Under him, it was raised seven times. Overall, 1939 to today, it was raised 68 times. One President lowered it. This same President used increased taxes to pay for rising government expenditures. And, wonder of wonders, revenues increased. To find out, click the link.
Continue reading →Written by Gary North on February 15, 2013
Gary North’s Reality Check “It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be […]
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