Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on November 30, 2011
Senate Majority Leader Mitch McConnell now says he will back an extension of the payroll tax cut. Democrats favor it. It is perceived as helping the middle class. The Democrats want a surtax on the rich to pay for it. Republicans are unlikely to get on board. “In all likelihood, we will agree to continue […]
Continue reading →Written by Gary North on November 23, 2011
Occupy Wall Street is the Left’s belated attempt to counter the Tea Party movement. The Tea Party caught the public’s attention through its spontaneous 2008 protest against the mess that Congress has produced. It is bringing this message to Americans: the government is too big. It spends too much money. It borrows too much money. […]
Continue reading →Written by Gary North on November 23, 2011
The congressional supercommittee officially fails today. Gridlock doomed it. Good. It deserved to fail. Only 25% of Americans expected it to succeed. Ron Paul was right. The whole idea was unconstitutional. The U.S. House of Representatives is in charge of the budget, not some joint committee. The whole thing was a sham to get the […]
Continue reading →Written by Gary North on November 18, 2011
The on-budget debt of the United States government breached the $15 trillion mark this week. This is the debt that is counted. It does not include the unfunded liabilities of Social Security and Medicare, which are now in the $100 trillion range over 75 years. Some estimates are higher. More important is the sources of […]
Continue reading →Written by Gary North on November 15, 2011
I was Ron Paul’s staff economist in the second half of 1976. That was his first, brief term in office. He lost by 268 votes out of over 180,000 in November. That ended my career in Washington. What was it like to be on his staff? What was it like to be in Washington in […]
Continue reading →Written by Gary North on November 14, 2011
With 9% unemployment, there is little hope for getting a job for those who have been out of work over a year. They are losing skills and losing hope. Now the government checks have stopped for over 50% of them. With an election year coming, Congress may cough up another $45 billion to make payments. […]
Continue reading →Written by Gary North on November 2, 2011
Because it was designed to fail. If the Congress had wanted to get the debt problem solved, it would have voted for “failure sanctions” with sharp teeth. What are the negative sanctions for failing to come to an agreement? Few people remember. Do you? Here is what will take place if the supercommittee fails to […]
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