Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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Every year, Medicare is scheduled to cut payments to physicians and hostitals. Every year, Congress delays the cuts. There will come a time when Congress doesn’t. The province of Ontario has launched a new cost-cutting program. It is reducing payments to physicians. If this policy continues, physicians will lose money on patients. So, they will [...]
Continue reading →There are activists in the Tea Party movement who are unaware of when the movement began, and why. This video explains both. The issue is about more than taxes — just as the original tea party was. It’s about cutting spending. Because it is about cutting spending, there are fissures within the movement. As with [...]
Continue reading →The U.S. government spends $3.8 trillion a year. But where does the money go? Government accountants are not sure. The government does not apply the same standards of accounting on itself that it applies to taxpayers. What the IRS will not tolerate, the GAO does. The GAO is the accounting arm of the government. It’s [...]
Continue reading →We hear about older Americans who think they will have to keep working until they are 80. They are right; they should. But it’s all talk. The Federal Reserve Bank of St Louis in 2008 started publishing a graph on the percentage of American 60 or older who are still looking for jobs or who [...]
Continue reading →With the government running a $1.2 trillion deficit this fiscal year, $18 million is chump change. Taxpayers are the chumps. There are more stories like this than any news service can track. But when we find them, we get insight into how government works when it is not being tyrannical. There is a federal website [...]
Continue reading →David Stockman was Ronald Reagan’s first budget director. He resigned because he thought Reagan’s program would produce a huge deficit. He was right. Reagan is the father of the triple-hundred-billion dollar deficit. He thinks the U.S. federal debt is a disaster. It will produce an economic disaster. Stocks will fall. Bonds will fall. Taxes will [...]
Continue reading →The government sticks it to upper middle class recipients of Social Security. A lot of them do not know how badly they are being cheated. An article in this month’s Fortune describes it. The author is a self-employed writer. He says that the spring report from the trustees of the Social Security Trust Fund will [...]
Continue reading →Say that you plant a crop. Say that Monsanto has sold your neighbor seed that is patented. Say that some of the pollination gets into your frop. Say that your crop is modified. There has been an invasion of your property by your neighbor. Tough luck for you. Monsanto can sue you for patent infringement. [...]
Continue reading →Who is on the dole, and for how much? This map of the USA tells us, beginning in 1969. Watch the welfare state grow. This map lets you do this. (You have to click the link to get the interactive map to do its work.) Here is what the map looked like in 1969: under [...]
Continue reading →If the government pays for someone’s medical care, then a government committee must decide who will live and who will die. Yes, Virginia, there really are death panels. This is beginning to dawn on some Democrats. Massachusetts Rep. Barney Frank recently co-sponsored H.R. 452, joining California’s Joe Baca and Loretta Sanchez, New York’s Timothy Bishop, [...]
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