Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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 […]
Continue reading →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 […]
Continue reading →Written by Gary North on November 14, 2011
In the good old days, when I was a teenager, college was the way to job security. But, with each new batch of graduates, the value of a degree in the liberal arts goes down. Graduates compete against each other. The main source of job growth is new businesses: 5 years or newer. These are […]
Continue reading →Written by Gary North on November 2, 2011
Because it was designed to fail. If the Congress had wanted to get the debt problem solved, it would have voted for “failure sanctions” with sharp teeth. What are the negative sanctions for failing to come to an agreement? Few people remember. Do you? Here is what will take place if the supercommittee fails to […]
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