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Another Green Energy ObamaLoan Turns into Red Ink

Written by Gary North on April 13, 2012

Solyndra was the first domino. This latest bankruptcy will take with it maybe $50 million or maybe $100 million. The bankruptcy lawyers will hammer out a settlement. The U.S. government had put up a $2.1 billion loan guarantee. We will not know for years how much money in the hole the latest solar energy company […]

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Feds Spend $133 Million to save $280,000 a Year (Maybe)

Written by Gary North on April 11, 2012

The U.S. government is spending $133,000,000 to renovate a government office building in Portland, Oregon. It will make the building “green.” It will plant shade trees — 18 stories of shade trees. The savings are officially estimated to be $280,000 a year. A critical story in the American Spectator reports that this will take 475 […]

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An $800,000 Junket in Las Vegas for Washington Bureaucrats

Written by Gary North on April 10, 2012

The federal bureaucracy offers lots of opportunities for senior executives to spend the taxpayers’ money. Rarely do they get caught. This time was different. The Government Services Agency spent over $800,000 on a fun-filled week in Las Vegas. It cost $100,000 for travel. Then there was $30,000 for catering. Then there was $696,000 for on […]

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Siphoned Gasoline: Millions of Gallons Missing in Los Angeles

Written by Gary North on April 10, 2012

The city of Los Angeles spent $12 million to set up a fuel-tracking program. Despite this gigantic expenditure, the city cannot trace what happened to $7 million worth of gasoline and other fuel. It turns out that millions of gallons were pumped without leaving any record. Taxpayers might imagine that a $12 million fuel-tracking system […]

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Obama Wants $770 Million to Fight Global Warming Overseas

Written by Gary North on April 10, 2012

Obama wants Americans to pay for Third World nations to combat global warming’s effects. What global warming? Temperatures have not risen for a decade. No matter. When the President wants American taxpayers to fund Third World bureaucrats, no sacrifice is too great. This $770 million expenditure is part of the Global Climate Change Initiative (GCCI). […]

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Earmarks R Us: $8.3 Billion

Written by Gary North on April 6, 2012

Earmarks are special-interest spending projects that Congressmen and Senators stick into 2,000-page bills. These pork projects are often unrelated to the official purpose of the bill. These days, earmarks in general have a bad reputation. Of course, specific earmarks are as popular as ever with the folks back home. Voters love pork when it’s on […]

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Amtrak Trains Run on Red Ink

Written by Gary North on April 6, 2012

Amtrak has absorbed $40 billion in federal subsidies  over the last 40 years. It has never earned a profit. How many people ride the trains? They account for one-tenth of one percent. This is a boondoggle. It has been since day one. Then there is fraud. In a report released last year, the Office of the Inspector […]

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Obama’s Free Food Card: “Will Vote for Food”

Written by Gary North on April 3, 2012

We have all seen men standing at street corners who are holding a sign: “Will Work for Food.” It’s nonsense, of course. They could get fast food jobs. They are really after handouts of money, not food. People diving by don’t have food in their cars. So they give some change. The food stamp program […]

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Obama’s National ID Card: Here It Comes

Written by Gary North on April 2, 2012

“Your papers, please.” As a kid, I heard radio shows where someone with a German accent would ask this. Now it’s coming to America. Only worse. There won’t be papers. There will be a plastic card backed up by a data base with your vital information in it. The Bush Administration rammed this through in […]

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