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Paying Farmers to Farm Poor Land

Written by Gary North on June 11, 2012

One of the oldest and most entrenched boondoggles is the crop insurance program. The federal government pays the premiums for privately sold, highly profitable insurance to farmers. If crop prices fall, farmers get paid. Why pays them? Taxpayers who live in cities. So, if food prices are high, taxpayers lose. But if food prices fall, […]

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Bad Karma: Solyndra on Wheels

Written by Gary North on June 7, 2012

Maybe you remember the Karma. It is a high-tech “green energy” car made in Finland. It got a loan from the U.S. government for over half a billion dollars. You may have read about this in the Wall Street Journal. If not, let me remind you. The loan was $529 million. The car was supposed […]

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Deficits, Republicans, and the Inevitable Great Default

Written by Gary North on June 5, 2012

When Reagan accepted $200 billion-a-year deficits, beginning in fiscal 1983, he ended Republican opposition to big spending and huge deficits. Today, Republican Congressmen occasionally talk tough on spending, but then they vote for programs that guarantee a huge, never-ending federal deficit. They know that hardly anyone back in the district will track their votes. They […]

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$1 Billion Subsidy for Walking Children Home from School

Written by Gary North on June 5, 2012

The United States government since 2005 has spent almost $1 billion to fund parents to walk their children home from school. This is part of a program called¬† “Safe Routes To School” which operates in all 50 states. The government has issued a “Safe Streets Toolkit.” It offers communities a comprehensive guide on how to […]

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More Tax Money to Enslave Small Farmers

Written by Gary North on June 4, 2012

It has long been the goal of the U.S. government to control American agriculture. The Department of Agriculture, in the early 1930s, was under the control of Secretary of Agriculture Henry A. Wallace, whose fortune was based on hybrid seeds for corn. He was also the most far-Left figure in the Roosevelt Administration, serving as […]

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$43.8 Million in Bad Contracts at the Weather Service

Written by Gary North on May 30, 2012

The head honcho of the National Weather Service handed in his resignation when a report was issued by the National Oceanic and Atmospheric Administration which concluded that the NWS had misappropriated $43.8 million by giving bonuses to contractors. An NOAA administrator discovered the following: The Investigative Team found that NWS employees engaged in the reprogramming […]

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$90 Billion in Green Energy Stimulus => 16,100 Jobs

Written by Gary North on May 29, 2012

The green energy sales pitch is basic to President Obama’s President Obama’s re-election campaign. Environmentalists favor it. The justification is more jobs.¬† But here is reality: only about 16,000 new jobs have been created. That is $5.6 million per job. This is not highlighted in his campaign literature. The bankruptcy of Solyndra got a lot […]

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Up a Tree: $74,000 to Fund a Treehouse Museum

Written by Gary North on May 24, 2012

Did you know there is something called the Institute of Museum and Library Services? Did you know that the U.S. government operates it? I didn’t. But then I read about the Elizabeth Stewart Treehouse Museum. It has been given a grant by the Institute of Museum and Library Sciences. The grant totals $74,470. “It’s a […]

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