Futility: 12 Plans to Cut the Federal Budget (in 1986)

Written by Gary North on November 15, 2012

If you think there is any way this government will not go bankrupt, stiffing the geezers good and hard, go to this page. Click print PDF.  It will not print. It will open. Print out pages 53 to 59. Read them. There are short articles by Art Laffer, Tom DiLorenzo, the late, great Warren Brookes, […]

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Pensions for City Employees: Up in Smoke

Written by Gary North on July 5, 2012

A recent report issued by Moody’s rating service reveals that local governments are $2 trillion in the red. Why? Pension obligations. The money has not been put aside. The money that was put aside has not been invested well. The result is obvious: a Great Default is coming. But no one wants to think about […]

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The Myth of Debt De-Leveraging

Written by Gary North on February 29, 2012

We keep reading of a great de-leveraging that is taking place. Yet the figures say the opposite. Debt is racing higher. In the United States, total debt, not counting unfunded liabilities of Social Security and Medicare, is now about $53 trillion. It has risen by $3 trillion since 2008. Debt owed by private citizens is […]

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Co-Signed Italian Debt: The Eurozone “Solution”

Written by Gary North on December 5, 2011

There is lots of news today about how the newly non-elected leader of Italy is proposing spending cuts. That’s what the headlines say. The New York Times reports: In the process, European leaders will begin to change the fundamental structure of the union, creating a form of centralized oversight of national budgets, with sanctions for […]

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