The TEA PARTY ECONOMIST
Ron Paul's original staff economist, Dr. Gary North!
Why does the Congress insist on sending payoff money to Egypt, which is run by the Muslim Brotherhood? The Obama Administration has pledged this money. It now wants the first $450 million delivered. But this is getting opposition from at one Congressman, according to the New York Times. The U.S. Agency for International Develoopment (AID)... READ MORE
$914 Billion Student Loan Bubble Will Get Bigger
Student loans are over $900 billion. Parents of college students cheer them on. “Go ahead. Load up. It’s for your own good. It will pay off. You’ll see.” The average college graduate leaves college $40,000 in debt. Parents beam. “We’re so proud.” The Department of Education has reported that 13.4% of the 2009 graduates are ... READ MORE
Liberty, USA: From #3 to #18 Worldwide, 2000 to 2010
How the mighty have fallen. The Canadian think tank, the Fraser Institute, rates nations each year in terms of liberty. It is a useful service. Here is the grin news from the 2012 report. The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a substantial decline in... READ MORE
Post Office Can’t Meet Its $11 Billion Payment
The U.S. Postal Service owes $5.6 billion to pay into its unionized workers’ health fund. It does not have the money. Let’s call this delay what is really is: a default. It is a prelude of things to come to the entire U.S. government budget. This is the second time in two months that the... READ MORE
Unemployment at 6%: Not a Chance.
The Federal Reserve has adopted QE3 to get the unemployment rate down. But how long will this take? Here are the basics of employment. Every month, the working-age population grows by 100,000 people. To get the unemployment rate to 6% will take job growth of at least 250,000 a month for at least four years. ... READ MORE
Ron Paul's original staff economist, Dr. Gary North!
Monday, October 1, 2012
$1 Billion in Foreign Aid to Go Down the Egyptian ToiletWhy does the Congress insist on sending payoff money to Egypt, which is run by the Muslim Brotherhood? The Obama Administration has pledged this money. It now wants the first $450 million delivered. But this is getting opposition from at one Congressman, according to the New York Times. The U.S. Agency for International Develoopment (AID)... READ MORE
$914 Billion Student Loan Bubble Will Get Bigger
Student loans are over $900 billion. Parents of college students cheer them on. “Go ahead. Load up. It’s for your own good. It will pay off. You’ll see.” The average college graduate leaves college $40,000 in debt. Parents beam. “We’re so proud.” The Department of Education has reported that 13.4% of the 2009 graduates are ... READ MORE
Liberty, USA: From #3 to #18 Worldwide, 2000 to 2010
How the mighty have fallen. The Canadian think tank, the Fraser Institute, rates nations each year in terms of liberty. It is a useful service. Here is the grin news from the 2012 report. The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a substantial decline in... READ MORE
Post Office Can’t Meet Its $11 Billion Payment
The U.S. Postal Service owes $5.6 billion to pay into its unionized workers’ health fund. It does not have the money. Let’s call this delay what is really is: a default. It is a prelude of things to come to the entire U.S. government budget. This is the second time in two months that the... READ MORE
Unemployment at 6%: Not a Chance.
The Federal Reserve has adopted QE3 to get the unemployment rate down. But how long will this take? Here are the basics of employment. Every month, the working-age population grows by 100,000 people. To get the unemployment rate to 6% will take job growth of at least 250,000 a month for at least four years. ... READ MORE
