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Potholes vs. Pensions: Make Your Choice

Written by Gary North on June 29, 2012

It’s crunch time. Congress has to decide which Peters to borrow from in order to pay which Pauls. A case in point.The highway fund needs money. It needs a lot of money. Anyway, that’s what it claims. There is a gasoline tat of 18 cents per gallon. It has not been raised for 19 years. […]

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$40 Million to Create 3 “Green” Jobs

Written by Gary North on June 27, 2012

If a green energy company is given $40 million by the government to create jobs, and a total of three jobs are created, 2008 to the present, what should the government do about this? The Department of Energy knows: provide another $80 million. Department of Energy officials have made available this money for a New […]

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Cut $70 Billion a Year Out of the Budget? Not This Year.

Written by Gary North on June 27, 2012

I’ll bet you have never heard of the Green Scissors program. Since 1994, it has recommended cuts in federal spending on boondoggle environmental programs. Is this an anti-green report? The Friends of the Earth doesn’t think so. It is one of the producers of the annual report. The report for 2012 is now available. It […]

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Federal Subsidies for “Green” Power

Written by Gary North on June 26, 2012

The Department of Energy has a slush fund of $20 million to promote green energy. With the government running a $1.2 trillion deficit, this is chump change. But it indicates the extent of the waste. The campaign praises expensive solutions at the expense of cost-effective ones. Many green energy firms are funded by the federal […]

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Obama’s Green Energy Stimulus: $1.6 Million Per New Job

Written by Gary North on June 22, 2012

CBS News ran a story on the job-creating effects of the Obama Administration’s $9 billion worth of stimulus money, 2009-11. First, there were the new jobs created directly. There were 910 of these. These are jobs related to operations and maintenance. They are long-term jobs. This assumes, however, that the companies do not go bankrupt, […]

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Kenya Gets Free Navy Seal Boats. Why?

Written by Gary North on June 20, 2012

The government of Kenya is going to receive a gift from the Obama Administration: five top-of-the-line Navy Seal boats. Why? Nobody seems to know. With a $1.3 trillion deficit every year, little things like this barely get noticed. They add up. The winner is the contractor:  United States Marine Incorporated (USMI) of Gulfport, Miss. These […]

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“Phone Stamps”: Food Stamps Now Come With Free Phones

Written by Gary North on June 15, 2012

The food stamp program is in fact a food card program. To keep things efficient (and anonymous), welfare clients are issued their own debit cards for food. The stores get the digital money instantly. This is now costing taxpayers $75 billion a year. But add to this another $2 billion. Why? Because people on the […]

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$970 Billion Bailout Bill Passes a Key Senate Committee. Congress Will Vote for It. Obama Will Sign It.

Written by Gary North on June 15, 2012

When the U.S. government passes a bailout bill worth close to $1 trillion, you might think this would be front-page news. It isn’t. You might think Republicans would be fighting it. They aren’t. Why not? Becquse it’s that old favortite, agribusiness. In the name of helping the small farmer, the agrigribusiness industry lives high on […]

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