By Patrick J. Buchanan

Prime Minister David Cameron’s decision to veto ’s demand for a new European fiscal union will define his premiership.

More than that, Cameron has raised a banner for patriots everywhere fighting to retain their national independence.

With his no vote on fiscal union, Cameron declared to the EU: “British surrenders of sovereignty come to an end here. And will deny Brussels any oversight authority of any national budgets or any right to sanction EU members.”

Nov 042011

By Patrick J. Buchanan

Will popular democracy bring down the ?

A fair question. For Western peoples are growing increasingly reluctant to accept the sacrifices that the elites are imposing upon them to preserve that .

Political support for TARP, to rescue the financial system after the Lehman Brothers collapse, is being held against any Republican candidate who backed it. Germans and Northern Europeans are balking at any more of Club Med deadbeats.

By Patrick J. Buchanan

John Hope Franklin, the famed black historian at Duke University, once told the incoming freshmen, “The new America in the 21st century will be primarily non-white, a place George Washington would not recognize.”

In his June 1998 commencement address at Portland State, President Clinton affirmed it: “In a little more than 50 years, there will be no majority race in the United States.” The graduates cheered.

By Patrick J. Buchanan

For the third straight year, the median income of the typical American family fell in 2010. Adjusted for inflation, it is back where it was in 1996, the longest period of zero growth since the .

And the rate has inched up to 15.1 percent.

Both figures, however, should be put in perspective.

For example, a family can be classified as poor and own a car, a flat-screen TV and a computer, and have a washer-dryer and a garbage disposal.

By Patrick J. Buchanan

“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

“Lenin was certainly right,” John Maynard Keynes continued in his 1919 classic, “The Economic Consequences of the Peace.”

By Patrick J. Buchanan

Though President Obama has run rings about the Republican Party in the -ceiling debate, that party can yet emerge victorious, if it will stick to its guns.

Clearly, the Republican strategy was not thought through, when the party chose the ceiling as the legislative terrain on which to fight its fiscal .

By Patrick J. Buchanan

Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: “This nation is on a course where if we don’t do something about it, get … fiscal policy (under control), we’re .”

The remark was regarded as hyperbole. But Gregg had a point. For though , measured by the size of her , is only 2 to 3 percent of the EU or the U.S. , she is a microcosm of the West.

By Patrick J. Buchanan

“The Disappearing Black Middle Class” ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering.

In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households.

By 2009, the median net worth for white households had fallen 24 percent to $97,860. For black households, it had plummeted 83 percent to $2,170, a near wipeout.

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