Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
What does this look like to you? Yes, it does, doesn’t it? This is why the image has received media attention. How is it that the two rovers, which cost about $800 million to build, have found nothing of value in 18 months, and whose only media-worth performance has been the creation of this image? [...]
Continue reading →Gary North’s Reality Check Recently, I wrote an article in which I argued that there are three political foundations of modern warfare: high graduated tax rates, a central bank, and the abolition of the gold coin standard. I called it “The Triumvirate of Modern Warfare.” From the day that Ron Paul was sworn in as [...]
Continue reading →The Pentagon got caught by the Defense Department’s Inspector General’s office. Again. This time it was for a military vehicle called the Stryker. It has $900 million in spare parts in just one warehouse. It keeps thousands of these vehicles in warehouses around the nation. It has so many Strykers that it lost track of [...]
Continue reading →Talk about unintended consequences! Vice President Biden will lose his weekly flight to and from home: 100 miles each way. He normally flies on Air Force 2, a 727 jetliner that is earmarked as his very own for as long as he is the Vice President. The estimate is that this costs $13,200, round-trip. I [...]
Continue reading →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 →The president of Cyprus assured voters that he would never, ever tax their bank accounts. Now he says the government must do this. Any voter who heard this assurance should have gone to his bank immediately and withdrawn half of his money. Then he should have sent another 40% to a German bank. The other [...]
Continue reading →There isn’t any life on Mars. There is no evidence that there ever was life on Mars. But there is surely pork on Mars. NASA wants to continue to slice off plenty of it. NASA today is eligible for sequestration, preferably 100% sequestration. NASA does nothing worth financing by the private sector. It never has. [...]
Continue reading →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 →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 →The 2011 budget bill established automatic spending cuts. These will begin on March 1 unless Congress and the President agree on a way to kick the can and run up the on-budget deficit. The whole thing is a charade. The cuts are always cuts in the expected increase in spending, not actual reductions in today’s [...]
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