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County Pensions Pay More Than Original Salaries

Written by Gary North on April 27, 2012

California’s government borders at the brink of bankruptcy. It refuses to cut spending. But counties put the state to shame. In 20 counties, there is a practice called pension spiking. Senior bureaucrats arrange their final years to generate so much income that their monthly retirement checks are greater than their salaries were. The Los Angeles […]

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Bad Karma: Taxpayers Get Taken for a $193 Million Ride

Written by Gary North on April 26, 2012

Fisker Automotive has released a hybrid car, the Karma. The U.S. government lent the company $193 million to produce it. It gets 50 miles on a single battery charge. Not 50 miles an hour. Fifty miles. It has a 400-horsepower engine. It needs it to charge the battery. It costs over $102,000 in a stripped-down […]

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Move-a-Bush: $205,000

Written by Gary North on April 20, 2012

You’re in the wrong business. You could be living in California, cashing in on the following. A plant that you can buy for $16 is listed by the California bureaucracy as being extinct. This created a problem for a highway construction project that was blocked by one of these extinct plants. It had to be […]

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1955 U-2 Spy Planes Outperform Latest Drones

Written by Gary North on April 18, 2012

The Defense Department now admits what it denied a year ago: the latest models Global Hawk drones don’t work. So, it’s another $3.5 billion down the drain — or up in smoke, whichever you prefer. It turns out that these high-tech wonder don’t work as well as the ancient U-2 spy planes do. The government […]

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Dam the Taxpayers: The Inland Waterways Tax

Written by Gary North on April 18, 2012

Washington, DC – Today, Taxpayers for Common Sense awarded the Golden Fleece to Rep. Ed Whitfield (R-KY) for introducing H.R. 4342, the Waterways Are Vital for the Economy, Energy, Efficiency, and Environment Act of 2012 (WAVE4 Act). This legislation would codify recommendations made by barge operators to increase the federal subsidy for inland waterway construction […]

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New Jersey State Pensions: $100,000 to $195,000 a Year

Written by Gary North on April 16, 2012

There are 1,200 people in New Jersey who pull pensions of more than $100,000 a year. Across the nation, the state pension systems are creating red ink for state and local governments. The unions negotiated these deals. Now the taxpayers are trapped. Of course,  they are not trapped. These states and municipalities can declare bankruptcy, […]

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B.O. Funds Energy with B.S.

Written by Gary North on April 13, 2012

The Obama Administration has come up with a great idea. It will have the Department of Agriculture give $5 million to construct a biogas anaerobic digester. What, pray tell, is that? It’s a way to convert bovine droppings into heat. To heat what? An ethanol plant. This will create 15 new jobs. Think of it. […]

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