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Government Lures Naive College Students into Debt of $850 Billion

The TEA PARTY ECONOMIST
 
Ron Paul's original staff economist, Dr. Gary North!


Friday, May 10, 2013
Feds Ban Blueprints for All-Plastic 3D Pistol
The Department of State, ever alert to national security threats, has banned the publication online of blueprints for a one-shot pistol. The pistol can be made at home, if you have a 3D printer. Maybe you saw the video, with the loud music and the stock movies of some World War II bombers. The reason [...] READ MORE

Government Lures Naive College Students into Debt of $850 Billion
Average student debt for college is now $26,500. That is up 5% from last year. As with almost everything else in life, Pareto’s 20-80 rule governs student debt. About 20% of students with debt carry 80% of this debt. Median debt is half this: about $13,600. Half owe more; half owe less. What the stories [...] READ MORE

Unemployment Today: Recession Level
Unemployment has fallen, but it is still in recession-level territory. With respect to long-term unemployment (15 weeks to 26 weeks), it is rising fast. To prevent a return to 2008 numbers, the Federal Reserve creates $1 trillion a year to buy government bonds. READ MORE

Unauthorized Free, Private Bus Stop Benches Will Be Removed in Detroit, Bureaucrats Say.
A technology class came up with an idea: free benches at bus stops. This would help elderly people, the students imagined. So, they went to work. They designed, then built, a bus stop bench. They put it at a bus stop with no bench. The Detroit Department of Transportation informed them that this was not [...] READ MORE

“Butt Out,” 60% of 18 to 34-Year Olds Tell Federal Government
Despite a horrendous unemployment rate of 45% for this age group — almost as bad as Spain’s and Greece’s — about 60% of America’s young adults believe that the government should get out of their lives. Even more amazing, half believe that the government is not helping the economy. Two-thirds are favorable to entrepreneurship. These [...] READ MORE

Gun Violence in the USA Has Declined for 20 Years
Gun violence has been falling in the United States for two decades. Between 1993 and 2010, the gun homicide rate fell by 49%. The public does not perceive this, thanks to media attention to specific cases of gun violence. Rates for all categories of violence have fallen. This includes gun violence. The same study revealed [...] READ MORE

The Internet Sales Tax: Taxation Without Representation
Supporters of this tax argue that this tax is not a new tax. Not only is it a new tax, it is a grotesque tax: a violation of the principle, “no taxation without representation.” Republicans in the Senate voted for this tax, all in the name of a fantasy: “It really is not a new [...] READ MORE

Democrats Hail the Defeat of a Democrat as a Victory, Sort Of
Mark Sanford, who became famous for hiking the Appalachian Trail in 2009, was elected to the House of Representatives yesterday. He defeated the sister of political comic Stephen Colbert by a vote of 54% to 46%. The election was not close. I normally pay little attention to political races, but this one revealed the extent [...] READ MORE

The New World Order in Europe Is Inevitable, Says #1 NWO Spokesman
The head of the European Union, whose name hardly anyone knows, says that the full union of 27 nations is inevitable. This will include monetary union, he says. Problem: the Eurozone’s monetary union has only 17 members, and is going to break apart. The experiment is a disaster. How will the EU pull 10 more [...] READ MORE

Consumers Hit the Brakes, Reduce Credit Card Borrowing
American consumers in March decided to slow their rate of borrowing on their credit cards. This caught economists by surprise. In February, they borrowed $18.6 billion. That looked as though the recovery was taking hold. But in March, they hit the brakes: $7.97 billion. “Estimates of the 31 economists surveyed by Bloomberg ranged from gains [...] READ MORE

Alex Expounds on The Dangers of Bisphenol-A, Including Sterility & Gender Bending 1/3

Missouri: lawmakers pass bill to nullify federal gun control laws

Ariel Castro, Cleveland Kidnapper, Is a Registered Democrat


Ariel Castro, Cleveland Kidnapper, Is a Registered Democrat According to voter registration records, Ariel Castro, the Cleveland kidnapper, is a registered Democrat. He was also the alleged leader among the three Castro brothers, who were arrested this week, and the owner of the [...] ... READ MORE
Twenty First Century ‘Courage’ is So ‘Gay’Twenty First Century ‘Courage’ is So ‘Gay’ Alongside “gay”, “queer” and, most recently, “marriage”, another once perfectly serviceable word appears primed for hijacking by the homosexual movement’s supremacist forces. For a couple ... READ MORE
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The Damning Dozen: Twelve Revelations from the Benghazi Hearings



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May 10, 2013

The Damning Dozen: Twelve Revelations from the Benghazi Hearings

Much of the media and liberal establishment simply ignored yesterday’s Benghazi hearings. They were content to see, hear, and speak no evil — which is typically the fastest way to kill a story in Washington. Others framed the proceedings as … Continue reading
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