Flying Pork: The $17,000 Helicopter Drip Pan

Written by Gary North on May 22, 2012

Yes, my friends, it costs $17,000 for the Defense Department to buy a drip pan for helicopters. They normally cost $2,500. But not drip pans made in Kentucky. But why should the defense department pay $17,000 for a drip pan made in Kentucky? Because of an earmark inserted into the budget. It was inserted by […]

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Fat Cats in Congress: How the 1% Are Doing

Written by Gary North on December 19, 2011

Congress is filled with millionaires. A recent graphic indicates how many members have a net worth over $1 million. It pays to be in Congress. Being rich in Congress is not incongruous. (Sorry. I could not resist.) But rich politicians have long voted for higher taxes and lots of Federal controls. They do so well […]

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Tax Cut Extension Is Likely; So Is a Larger Deficit

Written by Gary North on November 30, 2011

Senate Majority Leader Mitch McConnell now says he will back an extension of the payroll tax cut. Democrats favor it. It is perceived as helping the middle class. The Democrats want a surtax on the rich to pay for it. Republicans are unlikely to get on board. “In all likelihood, we will agree to continue […]

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