Visible Dead End: The Supercommittee Poops Out.

Written by Gary North on November 23, 2011

The congressional supercommittee officially fails today. Gridlock doomed it. Good. It deserved to fail. Only 25% of Americans expected it to succeed. Ron Paul was right. The whole idea was unconstitutional. The U.S. House of Representatives is in charge of the budget, not some joint committee. The whole thing was a sham to get the […]

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$15t On-Budget (Admitted) Debt Limit Breached

Written by Gary North on November 18, 2011

The on-budget debt of the United States government breached the $15 trillion mark this week. This is the debt that is counted. It does not include the unfunded liabilities of Social Security and Medicare, which are now in the $100 trillion range over 75 years. Some estimates are higher. More important is the sources of […]

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