Home / Great Default

Political Legitimacy, Empire, and the Empty Purse

Written by Gary North on September 8, 2014

I recently wrote an article about the successful stonewalling by the Internal Revenue Service of congressional inquiries into the IRS’s handling of applications for tax-exempt status submitted by conservative organizations. The IRS has proven itself to be utterly immune to Congress. It has told Congress: “Go fish.” My point was simple: the only real clout […]

Continue reading →

Cooked Books for 150 Days: $16,699,396,000,000

Written by Gary North on October 17, 2013

The Republicans capitulated this week. This comes as no surprise. Resisting the increase in the debt ceiling was a charade. The debt ceiling was breached in the week of May 17, but that was officially ignored by all. Treasury Secretary Lew set the rules, and Congress played his game. The House for 150 days accepted […]

Continue reading →

Secession and County Rights

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 →

The Larger the Deficit, the Greater the Default

Written by Gary North on September 25, 2013

Americans are told the following from their youth. “What goes up must come down.” “You can’t get something for nothing.” “There are no free lunches.” “What goes around comes around.” “The bigger they are, the harder they fall.” This is Austrian School economic theory. When they are old enough to vote, they are told this. […]

Continue reading →

854,000 U.S. Government Snoopers

Written by Gary North on June 10, 2013

That was back in 2010. This was reported in The Washington Post. There are probably more now. The Post reported: At least 20 percent of the government organizations that exist to fend off terrorist threats were established or refashioned in the wake of 9/11. Many that existed before the attacks grew to historic proportions as […]

Continue reading →
Page 3 of 4«1234»