Obama’s Brand of Marxism

Written by Gary North on September 4, 2012

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” — Sun Tzu, 5th century […]

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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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Trend: Replacing City Employees With Volunteers

Written by Gary North on April 26, 2012

How can cities and counties cut costs? Turn over tasks to volunteers. This is happening all over the USA today. This is what Alexis de Tocqueville said was basic to America in the 1830s. It’s coming back. It will be possible soon to run the public schools mostly with volunteers and online academies like Khan […]

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The $4.4 Trillion Pension Fund Bust

Written by Gary North on April 3, 2012

State and local governments already owe $4.4 trillion in pensions fund obligations. This is growing daily. The one sector of America that is dominated by unions is government. Unions have disappeared in the rest of the economy. There can be no doubt that state and local governments will not be able to pay all of […]

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How the Left Buys Politicians: Fat Donations

Written by Gary North on April 3, 2012

DonorsPolitics

To hear the media, Wal-Mart and the Koch brothers have bought the Republican Party. In fact, the unions are the big donors to politics. They buy Democrats. Click the link. Find out which special-interest associations donate how much to which party. Let’s start with the top dozen.

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Illinois Cuts Medicaid to Keep Paying State Pensions

Written by Gary North on March 9, 2012

The state of Illinois is a train wreck in action. It can’t pay its bills. It has come down to this: Medicaid or pension payments to retired state workers. The politicians have decided to pay state retirees. Does this surprise you? Let’s see: politicians either stiff the poor (who do not vote in large numbers) […]

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