Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on November 25, 2014
It annoys me that we get stories like this. The Social Security costs of putting 4 million illegal immigrants onto the rolls of Social Security will cost taxpayers $2 trillion. This is an estimate by someone at the Heritage Foundation. What we need is for this guy to study the size of the net unfunded […]
Continue reading →Written by Gary North on November 19, 2014
Ronald Reagan signed into law the bill that requires local hospitals to provide free emergency medical services to illegal aliens. This was in 1986: the Emergency Medical Treatment and Active Labor Act (EMTALA). Here is a summary. The law was designed to provide patients with access to emergency medical care and to prevent hospitals from […]
Continue reading →Written by Gary North on September 16, 2014
The American conservative movement is dominated by gravediggers and hustlers. Both groups are Keynesian to the core. This has been true ever since the movement began in the Hiss-Chambers hearings in 1948. The Old Right of the 1930’s was committed to tearing down the New Deal. The Middle Right, 1948-1980, was committed to strengthening the […]
Continue reading →Written by Gary North on August 1, 2014
MarketWatch has published another run-of-the-mill article on the Social Security crisis. I have read these for over 40 years. They all have the same message. (1) If something isn’t done, and very soon, the program will go bankrupt. (2) Congress must act now to solve the problem. (3) There is still time to fix it. […]
Continue reading →Written by Gary North on July 5, 2014
There are major discrepancies between what workers think they will live on in retirement vs. what retirees are actually living on. The youngsters have figured out that Social Security will not be there. Under a third think Social Security will be the major source of their income. Over half of retirees say Social Security is […]
Continue reading →Written by Gary North on May 28, 2014
Americans pay around 40% of their income to various governments. Then they find that they have no savings. At least one-quarter of Americans have no savings for retirement. Actually, most of these zero-thrift people pay no federal income tax. But they do pay Social Security and Medicare taxes if they work. They hope that when […]
Continue reading →Written by Gary North on May 6, 2014
The Secretary-General of the United Nations — do you know his name? — gave a speech over the weekend. He announced the following. Climate change is the defining issue of our time. If we do not take urgent action, all our plans for increased global prosperity and security will be undone.” http://www.un.org/apps/news/story.asp?NewsID=47718#.U2c6tCiPNqJ This speech indicates […]
Continue reading →Posted on March 19, 2014
New Jersey Gov. Chris Christie engaged in a tense debate with an Obamacare advocate during a town hall in South River, N.J., on Tuesday, telling her the state won’t invest taxpayer dollars in a “failed federal program.” Maura Collinsgru, of New Jersey Citizen Action, accused Christie of failing to facilitate Medicaid expansion, thus getting in […]
Continue reading →Posted on January 17, 2014
Shortly after the ceiling on federal debt was raised on October 17, 2013, the conservative Heritage Foundation notified its readers that the outstanding debt of the United States had “rocketed past $17 trillion,” and that “entitlement spending—the key driver of spending and debt—remains unaddressed.” The three assumptions in that statement—that the true measure of our […]
Continue reading →Written by Gary North on December 11, 2013
I received this email from a self-professed fan. But in his note, he felt obliged to add this: I do take one strong exception to your statement that Social Security is the largest Ponzi scheme ever. Social Security is an insurance policy. We pay real money to receive real benefits. It currently has over 2 […]
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