Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
The Export-Import Bank is a subsidy organization. The federal government guarantees the loans made by foreign banks to foreign importers of American goods. If the importer defaults, the U.S. government bails out the foreign lender. This allocates capital away from profit-seeking firms to government-protected firms. The standard defense is thus: “This costs the government nothing [...]
Continue reading →There is now a proposal before Congress for the government to pay off all the banks that have lent money to students. The government has already changed the bankruptcy law to make it almost impossible for students to escape this debt. But the banks still cannot collect the money. So, it’s Congress to the rescue! [...]
Continue reading →The Feds shelled out $100,000 for a program to teach teenage girls on probation how to get their boyfriends to use condoms after the girls are released. The girls live in Houston. There are not enough of them to constitute a valid sample for study: 30 girls. But, hey, there was an extra $100,000 lying [...]
Continue reading →Gary North’s Reality Check (Nov. 16, 2012) On January 7 of this year, I wrote an article on the idealism of younger voters who flocked to Ron Paul’s campaign for the Republican Party’s nomination for President. It is posted here: http://www.garynorth.com/public/8940.cfm. My opinions have not changed. I am convinced that there is a bond between [...]
Continue reading →The state of New Jersey has sent Alabama crews packing to New York. The crews had been invited by a New Jersey municipal government to help with post-Sandy recovery. No deal, said the state. Unions don’t like competition. They make sure that government money goes only to union crews. Emergency? Tough luck. “Get lost.” WAFF-TV: [...]
Continue reading →A battery manufacturing company has declared bankruptcy, taking $249 million on Obamagrants with it. It was clean energy: clean gone. It was green energy: $129 million worth. The company created 408 new jobs. Those jobs are now gone, as is the company. The company? A123. I get it. “Pouring money down a rat hole is [...]
Continue reading →We all feel sorry for Sandy’s victims. But we don’t feel sorry enough to donate $12 billion to relief efforts. So, a Congressman wants to act on behalf of the victims by borrowing the money to bail them out. With an on-budget deficit of $1 trillion a year, and an off-budget deficit of $11 trillion [...]
Continue reading →This report caught my eye. Maybe it will catch yours, too. * * * * * * * * * * * * * * * * * * * An analysis of public records by the National Legal and Policy Center (NLPC) has found more than $20 million in federal stimulus funds benefitting real [...]
Continue reading →Maybe you are interested in the relationship between squirrels and rattlesnakes. But probably not. Maybe you think the federal government should subsidize this research. But probably not. Researchers whose salaries are paid for by the taxpayers of California are now investigating the squirrel-snake connection by means of robot squirrels. “No,” you say. “This is just [...]
Continue reading →The Department of Transportation, a federal agency, has just given $275,000 each to the governments of Massachusetts and Connecticut to study drivers who text while driving. Why don’t those two governments fund their own studies? Why does the federal government get involved? Because the feds plan to get all of the states involved in anti-texting [...]
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