Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on October 28, 2013
The federal government is coercive and incompetent. The public vaguely understands this, although only in theory. People have a difficult time imagining just how incompetent the federal government is, because it is too big to understand. It spends over $3.5 trillion a year. People can understand crony favoritism when we are talking about a few […]
Continue reading →Posted on October 15, 2013
By Richard Ebeling The mainstream media and the Washington, D.C.-obsessed news pundits are in hysterics that the United States government is potentially facing default if the Congress does not increase the legal debt limit, so the U.S. Treasury can continue to borrow more and more hundreds of billions of dollars in the fiscal year 2014 […]
Continue reading →Written by Gary North on October 14, 2013
Treasury Secretary Jacob Lew has said repeatedly that on October 17, the U. S. Treasury will be down to its last $30 billion. This spare change will be used to pay interest on the government’s debt. What if it is not enough to get through the day? If $30 billion in interest payments will not […]
Continue reading →Written by Gary North on October 11, 2013
Pat Buchanan has written a useful summary article on secession movements in the United States. They are county-based movements. They are being organized by people who are fed up with centralization at the state level. Some analysts on the Left also see it coming, as this article indicates. The author sees this secession as functional. […]
Continue reading →Written by Gary North on October 11, 2013
The U.S. Postal Service has destroyed millions of stamps that had terrifying images of children doing dangerous things. One child is doing a cannonball jump into the water. Another is doing a cartwheel without a helmet. Can you imagine such a thing? A third is skateboarding without knee pads. He wears only jeans. You can […]
Continue reading →Written by Gary North on October 11, 2013
A restaurant owner in the Colonial National Historical Park in Yorktown was told by the National Park Service to close his restaurant. The Park Service does not own it. It leased the building to the owner. It unilaterally broke its lease. He closed it for a few days. Then he re-opened it. The Park Service […]
Continue reading →Written by Gary North on October 10, 2013
Already, homeowners in the nation’s capitol are in trouble.They cannot pay their bills. First-stage foreclosures are up 144% in Fairfax, Virginia, which borders on the Capitol. The doubled in other Virginia counties: Price William, Loudoun, and Faquier. The cause: the sequester. The slowdown in government spending has cut off the flow of expected funds to […]
Continue reading →Written by Gary North on October 9, 2013
Will the government hit the debt ceiling on October 17? Maybe. Will this force the government to prioritize its payments? Probably not. Why not? Because of computers. Every day, the government sends out at least 3 million checks. On some days, it is 5 million. It deposits money electronically in bank accounts. All of this […]
Continue reading →Written by Gary North on October 8, 2013
The Vice Foreign Minister of China, Zhu Guangyao, held a press conference. He told reporters that the U.S. government has a responsibility to get the issue of the debt ceiling solved before the October 17 deadline. “We ask that the United States earnestly takes steps to resolve in a timely way the political issues around […]
Continue reading →Written by Gary North on October 4, 2013
When we are told about the horrors of the furloughs of 800,000 federal workers, the standard example is the shutdown of national parks. It’s fall, folks. Summer is over. Almost nobody goes to the parks in fall. The kids are in school. Could the parks charge a market price? Of course. But the headlines indicate […]
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