Misleading Video Blames Obama for Bernanke’s Plan

Written by Gary North on September 28, 2012

I really get tired of misleading attacks on Obama, when Bernanke and the Federal Reserve System are the twin problems. This is like the matador’s cape. He waves the bright red cape in front of the bull, but the sword — the FED — is hidden under the cape. Here is an example. This video […]

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Post Office’s Check Won’t Be in the Mail

Written by Gary North on August 1, 2012

The U.S. Postal Service owes a staggering $5.5 billion to the U.S. Treasury to cover retirement health care benefits for its employees when they retire. Not that it matters. The Treasury is running a Ponzi scheme. It was not going to invest the money. It was going to cover existing obligations. The Postal Service says […]

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Obama’s Green Energy Stimulus: $1.6 Million Per New Job

Written by Gary North on June 22, 2012

CBS News ran a story on the job-creating effects of the Obama Administration’s $9 billion worth of stimulus money, 2009-11. First, there were the new jobs created directly. There were 910 of these. These are jobs related to operations and maintenance. They are long-term jobs. This assumes, however, that the companies do not go bankrupt, […]

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Kenya Gets Free Navy Seal Boats. Why?

Written by Gary North on June 20, 2012

The government of Kenya is going to receive a gift from the Obama Administration: five top-of-the-line Navy Seal boats. Why? Nobody seems to know. With a $1.3 trillion deficit every year, little things like this barely get noticed. They add up. The winner is the contractor:  United States Marine Incorporated (USMI) of Gulfport, Miss. These […]

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Deficits, Republicans, and the Inevitable Great Default

Written by Gary North on June 5, 2012

When Reagan accepted $200 billion-a-year deficits, beginning in fiscal 1983, he ended Republican opposition to big spending and huge deficits. Today, Republican Congressmen occasionally talk tough on spending, but then they vote for programs that guarantee a huge, never-ending federal deficit. They know that hardly anyone back in the district will track their votes. They […]

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Dam the Taxpayers: The Inland Waterways Tax

Written by Gary North on April 18, 2012

Washington, DC – Today, Taxpayers for Common Sense awarded the Golden Fleece to Rep. Ed Whitfield (R-KY) for introducing H.R. 4342, the Waterways Are Vital for the Economy, Energy, Efficiency, and Environment Act of 2012 (WAVE4 Act). This legislation would codify recommendations made by barge operators to increase the federal subsidy for inland waterway construction […]

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