Home / Spending Us Blind

450 Million Hollow-Point Bullets: Department of Homeland Security

Written by Gary North on March 30, 2012

Question: Why has the Department of Homeland Security ordered 450 million hollow-point bullets? Answer: Because American voters are dum-dums. I’ve got a million of ’em! I’ve got 450 million of ’em! Here is a press release. ATK Wins Five-Year, Indefinite Delivery/Indefinite Quantity Contract for .40 Caliber Ammunition from DHS, ICE Additional .40 Caliber Ammunition Contract […]

Continue reading →

Tax Credits Helped Build the Mob Museum

Written by Gary North on March 30, 2012

The city of Las Vegas has spending $42 million to build a museum devoted to organized crime. No, not Congress. The Mob. The city got federal tax credits of $10.6 million. You and I will make up the difference. A nonprofit organization is supervising all this. Let’s see. A non-profit organization is promoting the Mob, […]

Continue reading →

Another Round of Housing Bailouts

Written by Gary North on March 28, 2012

Fannie Mae is out of money again. Every few months, it returns to Congress and asks for more money. The U.S. housing market is a on life support. The few voters who are aware of this don’t care. Most voters don’t know. The two government-owned mortgage companies are bleeding us dry. Fannie Mae burned through […]

Continue reading →

$682,000 to Study Shrimp on a Treadmill

Written by Gary North on March 19, 2012

The U.S. Congress spends our money to support science? What kind of science? Marginal. How crucial to our welfare? Not much. Here is a choice example. Researchers at the College of Charleston, South Carolina used $682,000 to study how well shrimp¬† perform on a treadmill.¬† You can find a description of the study on the […]

Continue reading →

These Congressmen Are Spending Us into the Poorhouse

Written by Gary North on March 19, 2012

Congressmen have a long-term a strategy of tacking boondoggle spending projects onto bills unrelated to these projects. These unrelated projects are called “earmarks.” These projects bring federal money into their districts. This is the process called “bringing home the bacon.” It is also called “pork.” Earmarking is a widespread practice. It has gotten worse in […]

Continue reading →
Page 16 of 16« First...10«111213141516