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Racists are so filled with virulent hatred for the color of the skin, they can’t even process the fact that these immigrants are great for America’s economy. They only cost us $182 billion a year in taxpayer funds. Meanwhile, they pay a whopping $32 billion in taxes. It’s easy math. New York Post: See: Massachusetts... Read More
American Compass, a think tank promoting a conservatism lacking even a rhetorical commitment to free markets, recently called for Republicans to support tax increases. The organization claims a GOP embrace of higher taxes will enable the uniparty’s left (Democratic) and right (Republican) wings to create a deficit reduction plan balancing tax increase with spending cuts.... Read More
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Jewish activism throughout the West follows very similar broad patterns, including a noticeable over-representation in pro-immigration and pro-diversity movements, and in other areas which can be classed as demographically and culturally aggressive and harmful to the interests of the native population. An ancillary pattern to this activism is a strident defensiveness that borders on paranoia,... Read More
Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill. In addition to the usual increases in war and welfare spending, the bill funds gender transitioning... Read More
This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,†just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from a “government shutdown!†The heroes have saved the... Read More
When I was a boy growing up in New York City I was taught – and re-taught – to always save half of my weekly allowance and never spend more than I had in savings. Too bad Joe Biden was not taught this useful Presbyterian virtue. Recently, Biden’s government has sought $106 billion in the... Read More
The $1.6 trillion we waste each year on the Pentagon is an irresistible target for leftists looking for funds to appropriate to the human wants and needs that are currently going un- and under-addressed. Let's redirect those funds to something more worthwhile than slaughtering innocent people around the planet — i.e., anything else. But why... Read More
Lyndon Johnson, cautioned that his support of the Civil Rights Act was too bold and politically risky, famously responded: "What else is the presidency for?" The United States of America is one of the richest, if not the richest, nation-states in the history of the world. It also is the most unequal. So its people... Read More
Or Does It Live on Like a Zombie?
RADHIKA DESAI: Hello and welcome to the 20th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Well, it’s happening again. Reports of the death of neoliberalism are once again proliferating. Just take a look at the... Read More
Just before leaving town for Christmas break, the US House gave Americans a last-minute holiday gift: a nearly trillion dollar military spending bill filled with lots of goodies for the special interests and the military-industrial complex. Unfortunately, the rest of America got nothing but coal in its stockings. With Constitutionalists like Rep. Thomas Massie on... Read More
Won't you please kill the homeless woman who lives on a bench on the median strip of the street near my apartment building? She doesn't bother me. As far as I know, she doesn't bother anyone else either. The woman who lives in the middle of the street is nice. I like her. Last week,... Read More
Federal spending is so out of control that it only took three months for the federal debt to increase by one trillion dollars to over 33 trillion dollars. In contrast, it took almost 200 years for the federal debt to reach one trillion dollars. So the federal government racked up more debt in the last... Read More
Congress’ top priority this fall will be passing legislation funding the government and avoiding a “shutdown.†As of this writing, it appears unlikely that the Republican-controlled House will be able to make a deal with President Biden and the Senate Democrats on a long-term spending bill. Instead, they will likely pass a short-term funding bill... Read More
[Adapted from the latest Radio Derb, now available exclusively on VDARE.com] I’ve written two columns about the late Calvin Coolidge this month (here and here) in honor of the 100th anniversary of him being sworn in as President. Engaging with the thirtieth President again these few days, I've been particularly impressed by his thrift. Public... Read More
According to the January report of the Consumer Price Index, price inflation increased by 0.5 percent last month. This follows a 0.1 percent increase in December. The total increase over the last 12 months is 6.4 percent. The official government statistics, which are manipulated to understate the true rate of price inflation, show even greater... Read More
Those hoping for a Christmastime government shutdown were once again disappointed when Congress passed a 4,000-page, $1.7 trillion omnibus appropriations bill that few, if any, Representatives and Senators read before voting on. The Republican leadership celebrated this bloated monstrosity because it spends $858 billion on warfare while “only†spending $772.5 billion on welfare. No one... Read More
The United States Congress, with bipartisan support, will probably pass a $1.7 trillion omnibus spending bill. “I don’t think there’s anything in this bill that isn’t absolutely necessary for the health of the country,†said Senator Chris Murphy (D-CT). “I don’t anticipate that it’ll have any extraordinary inflationary effect.†Why not? “[M]uch of that [spending]... Read More
Last week Congress passed a continuing resolution and then adjourned until after the election. When Congress reconvenes, it will almost certainly pass a multi-billion dollars aid package for those impacted by Hurricane Ian. This spending will likely be labeled “emergency,†so Congress members will not even have to pretend they are offsetting the new spending... Read More
President Biden’s 5.8 trillion dollars fiscal year 2023 budget increases “discretionary†spending to 1.6 trillion dollars. The remaining 4.2 trillion dollars of spending consists of “mandatory†spending, including on Social Security, Medicare, and interest on the national debt. The discretionary spending is divided between 813 billion dollars for “defense†and 769 billion dollars for the... Read More
Inflation was an unwelcome guest at this year’s Thanksgiving gatherings. According to the Farm Bureau, a traditional Thanksgiving meal cost 14 percent more in 2021 than the same meal cost in 2020. Many families went without certain Thanksgiving favorites — or limited their guests — to reduce costs in hopes of saving Christmas from the... Read More
April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the ending of lockdowns releasing pent-up consumer demand. Powell may be right that... Read More
There are six staging posts on the road to a kleptocracy – Britain is further down it than you might imagine
I used to meet businessmen in the Middle East who were in a state of high anxiety about their chances of winning a government contract. They were naturally reluctant to spell out the details, but they hinted that their chief worry was whether or not the official they had bribed to get them a contract... Read More
If Joe Biden's American Jobs Program, outlined in Pittsburgh, is enacted, then the federal government will take a great leap forward toward irreversible control of the destiny of the Republic. To finance this leap, to subsidize this giant stride toward socialism, U.S. corporations are to be forced to turn over to the government a far... Read More
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Last September, Donald Trump accidentally upended an entire generation of myths invented by the left and right that purport to explain America's costly and unpopular military adventures in the Middle East: As Mondoweiss pointed out at the time, the explosive admission went completely unmentioned in the mainstream media, which traditionally hangs on every one of... Read More
Last night, President Trump signed a $2.3 trillion spending package that combined COVID-19 relief with funding to keep the government running. Earlier that day, President Trump had reposted the speech in which he warned Congress to “increase payments to the people, get rid of the ‘pork.’†He folded hours later. This is a pattern. In... Read More
Last week Congress passed a massive coronavirus relief and omnibus spending bill. President Trump threatened to veto the bill, saying he wants an increase in the amount for “stimulus†checks authorized by the bill from 600 dollars to 2,000 dollars. The checks are designed to help those harmed by the lockdowns. President Trump also demanded... Read More
"War is the health of the state," wrote the progressive Randolph Bourne during the First World War, after which he succumbed to the Spanish flu. America's war on the coronavirus pandemic promises to be no exception to the axiom. However long this war requires, the gargantuan state will almost surely emerge triumphant. Currently, the major... Read More
Listening to the howls from Democrats and the applause from Republicans, one would think President Trump’s proposed fiscal year 2021 budget is a radical assault on the welfare state. The truth is the budget contains some minor spending cuts, most of which are not even real cuts. Instead they are reductions in the “projected rate... Read More
As that rail and subway strike continued to paralyze travel in Paris and across France into the third week, President Emmanuel Macron made a Christmas appeal to his dissatisfied countrymen: "Strike action is justifiable and protected by the constitution, but I think there are moments in a nation's life when it is good to observe... Read More
With a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two year budget that has the United States careening toward catastrophe. While we cannot say precisely when the economic crash will occur, we do know that it... Read More
Imagine being robbed every time you receive a paycheck, but once a year getting some of the stolen money back because the thieves took more than they intended. Would you be happy about it? If you are like most Americans the answer is yes, since most people are grateful when they get a partial “refundâ€... Read More
While Congress and the president fight over funding a border wall, they continue to ignore the coming economic tsunami caused by the approximately 22 trillion dollars (and rapidly increasing) federal debt. President Trump may not be troubled by the debt’s effect on the economy because he believes he will be out of office before it... Read More
According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than America’s gross domestic product (GDP). Another ominous sign is that this year both Social Security... Read More
pelosiryan
So Congress finally passed a budget. It’s a blockbuster—$1.3 trillion, or around four thousand dollars for every man, woman, and child in the U.S.A. Basically it is a compound made up of (a) anything Leftist Democrats could wish for, and (b) anything that the Jeb Bush wing of the Republican Party, and that wing’s Big... Read More
The recently-passed big-spending budget deal’s failure to generate significant opposition from the “tea party†has led some to pen obituaries for this once-powerful movement. These commentators may have a point. However, few of them understand the true causes of the tea party’s demise.The movement commonly referred to as the tea party arose in opposition to... Read More
Imagine you open the faucet of your kitchen sink expecting water and instead out comes cash. Now imagine that it comes out at the rate of $1 million a minute. You call your plumber, who thinks you're crazy. To get you off the phone, he opines that it is your sink and therefore must be... Read More
It’s deja-vu all over again, as baseball legend Yogi Berra might have said. The politicians and media are telling us the world is coming to an end because a “compromise†could not be made at the 11th hour to keep the Federal government in business.Republicans blame Democrats for the shutdown over their insistence on legislation... Read More
Last week President Trump urged Congress to reassert its constitutional authority to direct how federal agencies spend taxpayer dollars. Ironically, many constitutional conservatives and libertarians disagree with the president. The reason is, President Trump wants Congress to reassert its authority by bringing back earmarks.Earmarks are line items in spending bills directing federal agencies to spend... Read More
Should the government borrow against the future? Should it guarantee higher taxes for your children and grandchildren in return for lower taxes for you? If government's moral legitimacy depends on the consent of the governed, as Thomas Jefferson argued in the Declaration of Independence, can the federal government morally compel those who haven't consented to... Read More
Texans affected by Hurricane Harvey, including my family and me, appreciate the outpouring of support from across the country. President Donald Trump has even pledged to donate one million dollars to relief efforts. These private donations will be much more valuable than the as much as 100 billion dollars the federal government is expected to... Read More
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Re-reading Alexis de Tocqueville’s Democracy in America (1835) can be a sobering experience. The first time I delved into it was back in 1971, when I was assistant to conservative writer and thinker, Dr. Russell Kirk. I had read bits of de Tocqueville as an undergraduate, but had not managed to read the entire Democracy... Read More
This week, Congress passed a budget calling for increasing federal spending and adding $1.7 trillion to the national debt over the next ten years. Most so-called “fiscal conservatives" voted for this big-spending budget because it allows Congress to repeal some parts of Obamacare via “reconciliation." As important as it is to repeal Obamacare, it does... Read More
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What President Trump should do
In his election campaign Donald Trump has identified several key themes that defined American malaise. He pointed to capital flight, bad trade deals, illegal immigration, and corruption of the government and of the press. What is missing in Trump’s diagnosis though is an explanation of this crisis. What are the causes of American decline or... Read More
According to a recent poll, 73 percent of all Americans oppose increases in federal spending. Since this anti-government spending sentiment is a major reason Republicans control the House and Senate, one would expect the Republican Congress to hold the line on, or even cut, government spending. Yet, despite the Republican leadership’s rhetoric about "fiscal responsibility,"... Read More
"There is no education in the second kick of a mule," said Sen. Mitch McConnell of Kentucky. With some such thought in mind, Speaker John Boehner strode to the floor of the House to offer a "clean" debt ceiling bill and relied on Nancy Pelosi's Democrats to pass it. They did. "Surrender" and "betrayal," are... Read More
Supporters of warfare, welfare, and Wonder Woman cheered last week as Congress passed a one trillion dollar “omnibus†appropriation bill. This legislation funds the operations of government for the remainder of the fiscal year. Wonder Woman fans can cheer that buried in the bill was a $10,000 grant for a theater program to explore the... Read More
Federal spending once again dominated the debate in Washington last week, as House Republicans and Senate Democrats began work on their ten-year budget plans. Contrary to claims, neither party’s budget reduces spending. While the Republican plan increases spending a little less than the Democrat plan, it would still spend $5 trillion in 2023, an almost... Read More
Despite what the media and politicians would have us believe, the United States did not collapse last Friday when the package of spending reductions known as “sequestration†went into effect. The financial markets hardly blinked, as they have come to be more skeptical about these periodic government-hyped “crises.†What had been portrayed as a drastic... Read More
Barack Obama's election to the U.S. Presidency was an anomaly, a lurch backwards. Or better to say, perhaps, that it was a defiance of the apparently inevitable: a standing athwart history crying "Stop!" It has been clear for ten or fifteen years, at least, that the structure of public finances that prevailed through the second... Read More
The right place to build a wall.
————————— It is plain that no U.S. administration of any party is going to build a wall along our nation's southern border. "Can't be done," our leaders tell us, shaking their heads in mock despair, while feeling under the desk for the envelopes full of benjaminsbeing passed from cheap-labor lobbyists and race-grievance shills. "Too much... Read More
Category Classics
Analyzing the History of a Controversial Movement
Our Reigning Political Puppets, Dancing to Invisible Strings
The Surprising Elements of Talmudic Judaism
The Shaping Event of Our Modern World
The Hidden Information in Our Government Archives
The Hidden History of the 1930s and 1940s