Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on October 5, 2012
Yes, he really said it. He is an honest man. These were the opening words of a New York Times Op-Ed article. He got my attention! Then he explained. Well, maybe not death panels, exactly, but unless we start allocating health care resources more prudently — rationing, by its proper name — the exploding cost […]
Continue reading →Written by Gary North on February 20, 2012
What is the #1 budget-buster over the next decade? Medicare. Will voters allow cuts in Medicare? No. Tea Party promoters say they are in favor of cutting spending. The problem is, they resist cutting spending for Social Security, Medicare, and the Defense Department. Yet these are the three budget-busters. Keynesian liberal economist Paul Krugman has […]
Continue reading →Written by Gary North on January 3, 2012
Al Lewis has come up with a great list of New Year’s resolutions for the U.S. government. Fat chance. I list just a few of them. • Stop runaway deficit spending. Start paying down the $15 trillion national debt before it’s $20 trillion and counting. • Fix Social Security and Medicare before the Baby Boomers […]
Continue reading →Written by Gary North on January 2, 2012
Each year, David Collum produces a review. It covers a lot. Let me begin with the overall assessment. We have a massive global debt problem that will take years to unwind. Some think it is a zero-sum game, but I disagree. The World is blanketed with people fully aware of what has been promised to […]
Continue reading →Written by Gary North on December 1, 2011
Are you on Medicare? Be sure you have a regular physician. They may stop taking new patients. Congress is about to stick it to physicians: a 27% cut in Medicare payments, beginning January 1. This is called squeezing the providers. It will make medicare patients liabilities. There will be rationing at some point. Smart physicians […]
Continue reading →Written by Gary North on November 29, 2011
Karl Denninger sometimes writes some choice stuff. He follows the capital markets. He thinks the endgame scenario in Europe marks the beginning of the end. I’m not equally sure. The New World Order brigade has a lot of inflating to do between now and the end of the inflationary road. Denninger’s summary of the welfare […]
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 […]
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