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$15 Trillion for What? The War on Poverty

Written by Gary North on June 28, 2012

Lyndon Johnson in 1965 announced a war on poverty. That became the political umbrella for what has turned out to be $12 trillion (in today’s dollars) down the proverbial drain. Another $3 trillion came from state and local governments. One of the most famous and enduring of Johnson’s programs was food stamps. The program has […]

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Obamacare Has Literally Replaced the Constitution

Written by Gary North on June 22, 2012

The textbook account of how laws are made is for children. It presents the procedure as if it were governed by the Constitution. This is silly. That went out with high-button shoes. The legal system that prevails today is administrative law: rule by government bureaucracies that cannot be fired. The story of how this legal […]

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“Phone Stamps”: Food Stamps Now Come With Free Phones

Written by Gary North on June 15, 2012

The food stamp program is in fact a food card program. To keep things efficient (and anonymous), welfare clients are issued their own debit cards for food. The stores get the digital money instantly. This is now costing taxpayers $75 billion a year. But add to this another $2 billion. Why? Because people on the […]

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$970 Billion Bailout Bill Passes a Key Senate Committee. Congress Will Vote for It. Obama Will Sign It.

Written by Gary North on June 15, 2012

When the U.S. government passes a bailout bill worth close to $1 trillion, you might think this would be front-page news. It isn’t. You might think Republicans would be fighting it. They aren’t. Why not? Becquse it’s that old favortite, agribusiness. In the name of helping the small farmer, the agrigribusiness industry lives high on […]

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Death Panels: Greasing the Skids in the Media

Written by Gary North on June 8, 2012

There will be death panels. When the government takes over medical finding, there must be triage. Panels will decide: (1) Who cannot be saved; (2) who don’t need to be saved; (3) who is left over. That is what battlefield medicine has decided ever since World War I. Battlefield medicine is government medicine. All the […]

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