Tax Policy

President Obama Proposed 442 Tax Hikes Since Taking Office — “You will not see your taxes go up by a single dime.” — Just Another Obama Big Lie –Videos

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Story 2: President Obama Proposed 442 Tax Hikes Since Taking Office — “You will not see your taxes go up by a single dime.” — Just Another Obama Big Lie –Videos

 

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Obama has Proposed 442 Tax Hikes Since Taking Office


Posted by Max Velthoven, John Kartch, Ryan Ellis


Since taking office in 2009, President Barack Obama has formally proposed a total of 442 tax increases, according to an Americans for Tax Reform analysis of Obama administration budgets for fiscal years 2010 through 2015.

The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare.

“History tells us what Obama was able to do. This list reminds us of what Obama wanted to do,” said Grover Norquist, president of Americans for Tax Reform.

The number of proposed tax increases per year is as follows:

-79 tax increases for FY 2010

-52 tax increases for FY 2011

-47 tax increases for FY 2012

-34 tax increases for FY 2013

-137 tax increases for FY 2014

-93 tax increases for FY 2015

Perhaps not coincidentally, the Obama budget with the lowest number of proposed tax increases was released during an election year: In February 2012, Obama released his FY 2013 budget, with “only” 34 proposed tax increases. Once safely re-elected, Obama came back with a vengeance, proposing 137 tax increases, a personal record high for the 44th President.

In addition to the 442 tax increases in his annual budget proposals, the 20 signed into law as part of Obamacare, and the massive tobacco tax hike signed into law on the sixteenth day of his presidency, Obama has made it clear he is open to other broad-based tax increases.

During an interview with Men’s Health in 2009, when asked about the idea of national tax on soda and sugary drinks, the President said, “I actually think it’s an idea that we should be exploring.”

During an interview with CNBC’s John Harwood in 2010, Obama said a European-style Value-Added-Tax was something that would be novel for the United States.”

Obama’s statement was consistent with a pattern of remarks made by Obama White House officials refusing to rule out a VAT.

“Presidents are judged by history based on what they did in power. But presidents can only enact laws when the Congress agrees,” said Norquist. “Thus a record forged by such compromise tells you what a president — limited by congress — did rather than what he wanted to do.”

The full list of proposed Obama tax increases can be found here.

 

Read more: http://www.atr.org/obama-has-proposed-442-tax-hikes-taking-office#ixzz2ytgu5HnM
Follow us: @taxreformer on Twitter

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President Obama’s Trust Gap Widens — The Unbelievable President Loses Support of American People and World Leaders — The Decline and Fall of President Obama — Lame Duck — Videos

Posted on March 31, 2014. Filed under: American History, Blogroll, Central Intelligence Agency (CIA), College, Communications, Computers, Culture, Economics, Education, Employment, Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, Health Care, history, IRS, Language, Law, liberty, Life, Links, Literacy, media, National Security Agency (NSA_, Obamacare, People, Philosophy, Photos, Politics, Raves, Regulations, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Transportation, Unemployment, Vacations, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Story 1: President Obama’s Trust Gap Widens — The Unbelievable President Loses Support of American People and World Leaders — The Decline and Fall of President Obama — Lame Duck — Videos

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Mistrust overshadows Obama’s Saudi trip

US President Barack Obama meets Saudi King Abdullah Friday as mistrust fuelled by differences over Iran and Syria overshadows a decades-long alliance between their countries.

Obama, who is due to arrive in Saudi Arabia late in the afternoon on a flight from Italy, is expected to hold evening talks with the monarch on a royal estate outside Riyadh.

Saudi Arabia has strong reservations about efforts by Washington and other major world powers to negotiate a deal with Iran on its nuclear programme.

It is also disappointed over Obama’s 11th-hour decision last year not to take military action against the Syrian regime over chemical weapons attacks.

Saudi analyst Abdel Aziz al-Sagr, who heads the Gulf Research Centre, said Saudi-US relations are “tense due to Washington’s stances” on the Middle East, especially Iran.

The recent rapprochement between Tehran and Washington “must not take place at the expense of relations with Riyadh,” Sagr told AFP.

Sunni Muslim Saudi Arabia, long wary of Shiite Iran’s regional ambitions, views a November deal between world powers and Iran over the latter’s nuclear programme as a risky venture that could embolden Tehran.

The interim agreement curbs Iran’s controversial nuclear activities in exchange for limited sanctions relief, and is aimed at buying time to negotiate a comprehensive accord.

But Sagr said “arming the Syrian opposition will top the agenda” during Obama’s visit, his second since his election in 2009.

Analyst Khaled al-Dakhil spoke of “major differences” with Washington, adding that Obama will focus on easing “Saudi fears on Iran and on regional security.”

Saudi Arabia, the largest power in the six-nation Gulf Cooperation Council, fears that a possible US withdrawal from the Middle East and a diplomatic overture towards Iran would further feed Tehran’s regional ambitions.

Iranian-Saudi rivalry crystallised with the Syrian conflict: Tehran backs President Bashar al-Assad’s regime, while several GCC states support the rebellion against him.

- ‘Clearing the air’ -

Obama’s stances towards events reshaping the region “have strained (Saudi-US) relations but without causing a complete break,” said Anwar Eshki, head of the Jeddah-based Middle East Centre for Strategic and Legal Studies.

US security and energy specialist professor Paul Sullivan said Obama meeting King Abdullah could “help clear the air on some misunderstandings.”

“However, I would be quite surprised if there were any major policy changes during this visit. This is also partly a reassurance visit,” he added.

White House spokesman Jay Carney has said that “whatever differences we may have do not alter the fact that this is a very important and close partnership”.

However, Riyadh seems to be reaching out more towards Asia, including China, in an apparent bid to rebalance its international relations.

Crown Prince Salman bin Abdulaziz visited China, Pakistan, Japan and India this month, reportedly to strengthen ties.

The US-Saudi relationship dates to the end of World War II and was founded on an agreement for Washington to defend the Gulf state in exchange for oil contracts.

OPEC kingpin Saudi Arabia is the world’s top producer and exporter of oil.

Obama and the king are also expected to discuss deadlocked US-brokered Israeli-Palestinian peace talks.

They will also discuss Egypt, another bone of contention since the 2011 uprising that ousted Hosni Mubarak, who was a staunch US and Saudi ally.

The kingdom was dismayed by the partial freezing of US aid to Egypt after the army toppled Islamist president Mohamed Morsi last July — a move hailed by Riyadh.

On Thursday, Egypt’s Field Marshal Abdel Fattah al-Sisi resigned as defence minister after announcing he would stand for president.

Meanwhile, dozens of US lawmakers have urged Obama in a letter to publicly address Saudi Arabia’s “systematic human rights violations,” including efforts by women activists to challenge its ban on female drivers.

And rights group Amnesty International said Obama “must break the US administration’s silence on Saudi Arabia’s human rights record by taking a strong public stand against the systematic violations in the kingdom.”

“It is crucial that President Obama sends a strong message to the government of Saudi Arabia that its gross human rights violations and systematic discrimination are unacceptable,” said Hassiba Hadj Sahraoui, Amnesty’s deputy director for the Middle East and North Africa.

“A failure to do so would undermine the human rights principles the USA purports to stand for,” she added in a statement.

Amnesty also urged Obama to express “dismay” at the kingdom’s ban on women driving as his visit coincides with a local campaign to end the globally unique ban.

http://news.yahoo.com/mistrust-overshadows-obamas-saudi-trip-055623617.html

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Nuclear Security Summit 2014 — Loose Nuke War Game — 1 Nuclear Weapon — NYC or Washington? — You Choose — Videos

Posted on March 26, 2014. Filed under: American History, Blogroll, Communications, Constitution, Economics, Employment, Energy, Federal Government, Federal Government Budget, Films, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Illegal, Immigration, Law, liberty, Life, Links, Literacy, media, Obamacare, People, Philosophy, Politics, Programming, Psychology, Rants, Raves, Regulations, Resources, Strategy, Talk Radio, Tax Policy, Technology, Unemployment, Video, War, Wealth, Weather, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Merkel miffed at Barack Obama and David Cameron ‘nuclear war game’

World leaders played an interactive nuclear war game designed to test their responses to a terrorist atomic “dirty bomb” attack that threatened the lives of hundreds of thousands of people

 

David Cameron joined Barack Obama, Angela Merkel and Xi Jinping and other world leaders to play a “nukes on the loose” war game to see how they would cope with a terrorist nuclear attack.

The German chancellor grumbled at being asked to play games and take tests with the Prime Minister, US and Chinese presidents around a table with dozens of heads of state at a nuclear summit in The Hague.

Her complaints were overruled because Mr Obama was keen on the idea and in on the surprise.

In the war game, played out by actors in a series of short films, a terrorist attack with an atomic “dirty bomb” takes place in the financial heart of an unnamed but Western metropolis. “It could be the City of London, or Wall Street, Milan or anywhere”, summit leaders were told.

As the scenario unfolded, it emerged that the terrorists are from an unidentified global terror network and they have stolen nuclear material from an unidentified country that had poorly secured its radiological and nuclear stockpiles.

The bomb is being built in a clandestine laboratory with stolen uranium. It is an improvised explosive device but deadly and the clock is ticking, the leaders were told. Hundreds of thousands of people could be about to die.

“They had to give an answer on their own, in real time. It was like a test. It put them on the spot. Should they inform the public or keep them in the dark,” said a diplomatic source.

“Should they work with other countries or stand alone to try to thwart or minimise the attack? How should they make the cold calculation of how to get a more sustainable human cost in terms of deaths?”

Each world leader had a computer tablet with a touch screen options to make one of four responses to a series of four scenario films played by actors and mimicking the famous 1983 Cold War Hollywood thriller “War Games”, where a computer hacker triggers a nuclear missile scare.

In a competitive environment, with a ticking clock, the leaders had to make rapid choices before the results were presented to the group, anonymously stripped of their identities and followed by discussion.

Perhaps predictably at a world summit on nuclear security, the war game found that shared, collective international decisions were able to stop the terrorist network before they could actually build the dirty bomb.

US officials said that the unconventional approach had been designed to give a “scare you to death” shock to make leaders seriously think about the security of nuclear materials.

But not everyone was happy about playing the war game with the grumbling led by Mrs Merkel who was unimpressed with role-playing at such a high-powered gathering. Mr Obama, who helped plan the game, overrode the moaning. He had Elizabeth Sherwood-Randall, his lead national security adviser on the issue, helpfully by his side.

“Leaders had their doubts about participation on their own without their expert civil servants. It was about discussion and problem solving without leaders relying on written statements to read out. At the end the leaders were more enthusiastic,” said a spokesman for the summit.

 

Would you survive a nuclear blast?

Nuclear Blast Mapper on the PBS “Race for the Superbomb” web site show how horribly destructive thermonuclear weapons are. The fission bomb detonated over Nagasaki had an explosive power equivalent to 20,000 tons of TNT. Blast Mapper’s 1-million ton hydrogen bomb, hypothetically detonated on the earth’s surface at any location you choose, has 50 times the explosive power of that 1945 explosion. Video clips of actual A-bomb detonations and their effects can also be viewed at: http://www.pbs.org/wgbh/amex/bomb

The adjoining map of the Tri-Cities, Washington, shows circles of destruction from a 1 megaton surface blast centered on Columbia Center mall.

Blast map key

NOTE: Blast pressure within the circles is greater than the indicated values and is less outside the circles. The zones of destruction in the map are broad generalizations and do not take into account factors such as weather and topography. Fatality numbers do not include the significant delayed effects of trauma, fire, or radioactivity.

12 psi (pounds per square inch), Radius: 1.7 miles

At ground zero lies a crater 200 feet deep and 1000 feet in diameter. The rim of the crater is composed of highly radioactive soil and debris. Nothing recognizable remains within about 0.6 mile from the center except, perhaps, the remains of some buildings’ foundations. At 1.7 miles, only some of the strongest buildings — those made of reinforced, poured concrete — are still standing. Ninety-eight percent of the population within this area are dead immediately.

5 psi, radius – 2.7 miles

Virtually everything is destroyed between the 12 and 5 psi circles. The walls of typical multi-story buildings, including apartment buildings, are completely blown out. The bare, structural skeletons of some buildings rise above the debris as you approach the 5 psi circle. Single-family residences within this area are completely blown away — only their foundations remain. Fifty percent of the population between the 12 and 5 psi circles are dead. Forty percent more are injured.

2 psi, radius – 4.7 miles

Any single-family residences that are not completely destroyed are heavily damaged. The windows of office buildings are blown away, as are some of their walls. Everything on these buildings’ upper floors, including the people who were working there, are thrown onto the street. Substantial debris clutters the entire area. Five percent of the population between the 5 and 2 psi circles are dead. Forty-five percent are injured.

1 psi, radius – 7.4 miles

Residences are moderately damaged. Commercial buildings have sustained minimal damage. Twenty-five percent of the population between the 2 and 1 psi circles have been injured, mainly by flying glass and debris. Many others have suffered flash burns from thermal radiation generated by the explosion.

Fallout effects

Radiation effects are for downwind areas.

Assumptions: wind speed – 15 mph, time frame – 7 days

3,000 rem*, distance – 30 miles

Much more than a lethal dose of radiation. Death can occur within hours of exposure. About ten years will need to pass before levels of radioactivity in this area are low enough to be considered safe by U.S. peacetime standards.

900 rem, distance – 90 miles

A lethal dose of radiation. Death occurs from two to fourteen days.

300 rem, distance – 160 miles

Causes extensive internal damage, including harm to nerve cells and the cells that line the digestive tract. Also results in a loss of white blood cells and temporary hair loss.

90 rem, distance – 250 miles

No immediate harmful effects, but does result in a temporary decrease in white blood cells. Two to three years will need to pass before radioactivity levels in this area are low enough to be considered safe by U.S. peacetime standards.

*rem stands for “roentgen equivalent man.” It is a measurement used to quantify the amount of radiation that will produce certain biological effects.

NOTE: This information is drawn mainly from “The Effects of Nuclear War” (Office of Technology Assessment, Congress of the United States, Washington DC, 1979).

http://www.wcpeace.org/nuc_weapons-1.htm

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Federal Reserve System To End The Zero Interest Rate Policy in 2015 and Financing Federal Government By Ending Quantitative Easying 3 By Fall of 2014 — No Exit Strategy — Bubbles Bursting — Videos

Posted on March 19, 2014. Filed under: American History, Banking, Blogroll, Communications, Economics, Federal Government Budget, Fiscal Policy, history, History of Economic Thought, liberty, Life, Macroeconomics, media, Monetary Policy, Money, Strategy, Talk Radio, Tax Policy, Video, Wealth | Tags: , , , , |

Project_1

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Story 1: Federal Reserve System To End The Zero Interest Rate Policy in 2015 and Financing Federal Government By Ending Quantitative Easying 3 By Fall of 2014  – No Exit Strategy — Bubbles Bursting — Videos

janet_yellen

fed-funds-rate-wiki

fed_funds_rate_qe_1_2_3

screen-shot-2014-03-18-at-5-04-49-pm

sp-500-vs-federal-reserve-balance-sheet1

chart-march14

Federal Reserve News Conference

Chair Janet Yellen held a news conference following a meeting of the Federal Reserve’s Open Market Committee.

http://www.c-span.org/video/?318360-1/federal-reserve-news-conference

Press Conference with Chair of the FOMC, Janet L. Yellen

Yellen says Fed will keep short-term interest rates low

Janet Yellen Slip Sinks Dow, But Don’t Overestimate the Comment

Further gradual reduction in Federal Reserve stimulus expected at Yellen led meeting – economy

PROOF The Fed. Is Clueless: Stock Market MELTDOWN Coming. By Gregory Mannarino

Size of the Fed’s Balance Sheet is Concerning

EU European Union Economic Crisis 2013 2014 ; Jim Rickards Economy 2014

Marc Faber Gold, SIlver Won’t Collapse…. Outlook and Analysis

What’s the Deal with Zero Interest Rate Policy? – Laissez Faire Today Exclusive

Economic Meltdown 2014 – Financial Collapse – Gerald Celente – Peter Schiff

Fed’s No. 2 Strongly Backs Low-Rate Policy

Marc Faber: Fed Is ‘Boxed In’ With No Exit Strategy, Won’t End Quantitative Easing

Zero Interest Rate Policy (ZIRP) & Inflation

Talking to Chris Aiello, Managing Director at Dynasty Global Capital in Hong Kong. Chris discusses the zero interest rate policy followed by the Federal Reserve Bank in the United States and the impact on global economy of such a policy.

Michael Covel 001: Zero Interest Rate Policy

Ron Paul Hearing on the Fed’s Manipulation of Interest Rates 9/21/12

Ron Paul ~ The Fed Has Lost Control Of Interest Rates

Milton Friedman on the Failure of Wage and Price Controls

Banking 14: Fed Funds Rate

Banking 15: More on the Fed Funds Rate

Banking 16: Why target rates vs. money supply

Banking 17: What happened to the gold?

Banking 18: Big Picture Discussion

Quantitative Easing — How Does it Work in the Real World?

The video “Quantitative Easing — How Does It Work in the Real World?” explains in detail how the Federal Reserve injects freshly printed money into the real economy and how it may impact the stock market, and your purchasing power. Understanding the QE program and process in detail is extremely important relative to making the best investment decisions possible. Hedge funds, sovereign wealth funds, pension fund, high net worth investors, and alternative asset managers all over the globe will be receiving freshly printed U.S. dollars when they participate in the Fed’s Treasury buying and open market operations related to quantitative easing. Money manager Chris Ciovacco explains how the Fed can inflate the money supply while pushing new dollars into the stock, bond, commodity, currency, gold, silver, and precious metals markets. Understanding the lines of business and clients of the primary QE dealers will give you a rare and detailed insight into quantitative easing , Ben Bernanke, the Federal Reserve, open market operations, and global finance. The educational video, “Quantitative Easing — How Does It Work in the Real World?” was filmed and produced in Atlanta.

Quantitative Easing, the Fed, Finance, and Inflation — QE

The video, “Quantitative Easing (QE), The Federal Reserve, Finance, and Inflation” explains how the Fed “prints money” and who gets the new U.S. dollars. Primary Broker-Dealers, not traditional banks, are involved in the QE process and program. Understanding how QE works enables investors to make better asset allocation and investment decisions or formulate quantitative easing strategies related to wealth preservation and gold. The Fed encourages the Primary Dealers to involve their clients in the bond purchase program, which sheds light on how the printed money gets into the real economy. Chris Ciovacco, of Ciovacco Capital Management provides commentary, insight, and investment analysis as it relates to QE2. The brief educational video, “Quantitative Easing, The Fed, Finance, and Inflation — QE” was filmed in downtown Atlanta.

Quantitative Easing Bernanke — History & Objectives of QE

The video “Quantitative Easing — Ben Bernanke — History and Objectives of QE” gives insight into the Federal Reserve’s perspective of the need to print money in order to stimulate the economy, financial markets, and investing. Writings and comments from Brian Sack and Ben Bernanke are reviewed and analyzed as it relates to inflation, deflation, interest rates, household wealth, mortgage rates, asset prices, investing, money printing, and gold. Bernanke’s “helicopter speech” and “printing press” comments are reviewed in the context of quantitative easing and precious metals, the dollar, gold, and silver. The value of the U.S. dollar, inflation, and purchasing power are covered within the context of an inflation of the money supply via the “printing press”. The brief video “Quantitative Easing Bernanke — History & Objectives of QE” is presented by Chris Ciovacco of Ciovacco Capital Management.

Quantitative Easing (QE) 2010 — 2011 Why is the Fed printing money?

Video explains how the Federal Reserve’s QE program works. Primary broker-dealers, not banks, are the primary recipients of the Fed’s newly printed money. You Tube video explains how the Fed inflates the money supply via a bond purchase program with the NY Fed’s 18 primary dealers. Investment strategies and purchasing power protection can be better understood if investors understand the quantitative easing process and the primary dealer’s lines of business, involvement in global markets, and global client base. Hedge funds, sovereign wealth funds, and high net worth investors all over the globe can participate in the QE 2.0 process. Chris Ciovacco, of Ciovacco Capital Management, explains the possible impacts of the Federal Reserve’s quantitative easing program on the financial markets and your investments. The brief video “Quantitative Easing Explained” or “QE2 Explained” will provide rare insight into the Fed’s balance sheet policies.

Quantitative Easing Explained — Who Gets Fed’s Printed Money?

Video explains how the Federal Reserve’s QE program works. Primary broker-dealers, not banks, are the primary recipients of the Fed’s newly printed money. You Tube video explains how the Fed inflates the money supply via a bond purchase program with the NY Fed’s 18 primary dealers. Investment strategies and purchasing power protection can be better understood if investors understand the quantitative easing process and the primary dealer’s lines of business, involvement in global markets, and global client base. Hedge funds, sovereign wealth funds, and high net worth investors all over the globe can participate in the QE 2.0 process. Chris Ciovacco, of Ciovacco Capital Management, explains the possible impacts of the Federal Reserve’s quantitative easing program on the financial markets and your investments. The brief video “Quantitative Easing Explained” or “QE2 Explained” will provide rare insight into the Fed’s balance sheet policies.

QE2: Quantitative Easing Investing & Stock Market Consequences

Video covers quantitative easing investing and stock market strategies. How gold may be used to protect your purchasing power from QE2. Asset class and investment options are discussed for inflation and deflation, spanning gold, silver, copper, oil, stocks, dividend payers, CDs, utilities, consumer staples, and cash. With the economy and financial markets dealing with inflationary and deflationary forces, flexible investment strategies are needed. Chris Ciovacco, of Ciovacco Capital Management, provides commentary and analysis on QE 2.0, the U.S. Dollar, euro, possible economic and market outcomes related to the Federal Reserve’s program to print money. “Quantitative Easing Investing and Stock Market Consequences” was recorded in Atlanta covering 2010 and 2011 investment strategies.

U.S. Stocks Drop as Fed’s Yellen Outlines Stimulus Exit

By Callie Bost  Mar 19, 2014 3:02 PM CT

U.S. stocks fell for the first time in three days as Federal Reserve Chair Janet Yellen said the central bank’s stimulus program could end this fall and benchmark interest rates could rise six months later.

The S&P 500 slipped 0.6 percent to 1,860.83 at 4 p.m. in New York. The Dow Jones Industrial Average (INDU) slid 113.51 points, or 0.7 percent, to 16,222.68. Trading volume for S&P 500 stocks was in line with the 30-day average at this time of day.

“The pace of tightening, once the Fed starts tightening, is a little bit faster than thought before and I think that’s why we’re getting this market reaction,”John Canally, an economic strategist at LPL Financial Corp., said in a phone interview from Boston. His firm oversees about $438.4 billion. “Being reminded that the Fed will eventually raise rates is getting traders’ attention. We’re still a long way off and there are no signs in the economy about inflation.”

By keeping its benchmark interest-rate target near zero and conducting three rounds of asset purchases, the Fed has helped push the S&P 500 up as much as 178 percent from a 12-year low as U.S. equities enter the sixth year of a bull market that started in March 2009.

Higher Rates

Stocks turned lower today as the Fed’s statement said officials predicted their target interest rate would be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast, as they upgraded projections for gains in the labor market.

Most Federal Open Market Committee participants reiterated their view that the Fed will refrain from raising the benchmark interest rate until 2015. The median rate among 16 Fed officials rose from December, when they estimated the rate at the end of next year at 0.75 percent, and 1.75 percent for the end of 2016. The central bank said it will look at a wide range of data in determining when to raise its rate from zero, dropping a pledge tying borrowing costs to a 6.5 percent unemployment rate.

Benchmark indexes extended losses as Yellen said the quantitative easing program would end this fall if the Fed continues to taper purchases in measured steps. She sees a “considerable time” between the end of the stimulus and the first rate increase, meaning “six months or that type of thing,” she said at her first press conference following a Fed decision.

‘Risk Factor’

“U.S. indices are moving quickly on Yellen’s comments,” Larry Peruzzi, senior equity trader at Cabrerra Capital Markets LLC in Boston, said in an e-mail. “Equities are adjusting the risk factor of higher rates.”

The S&P 500 advanced 1.7 percent in the last two days as Russia pledged not to seek territory beyond Crimea. The U.S. and Europe are preparing to ratchet up sanctions on Russia after President Vladimir Putin signed an accord setting in motion Crimea’s accession to Russia. With visa bans and asset freezes on Russian officials failing to sway Putin, European Union leaders will meet tomorrow to consider “additional and far-reaching consequences.”

Investors have added $8 billion to U.S. equity exchange-traded funds in the past five days and $1.1 billion to bond ETFs, data compiled by Bloomberg show. Materials stocks absorbed the most money among industry ETFs, taking in $689 million during the past week.

http://www.bloomberg.com/news/2014-03-19/u-s-stock-index-futures-are-little-changed-before-fomc.html

Recap: Janet Yellen’s Press Conference and Fed Decision

Janet Yellen wrapped up her first policy meeting Wednesday as chairwoman of theFederal Reserve, then stepped in front of reporters (and live cameras) for her first press conference.

The new chairwoman had a big job, explaining a major shift in forward guidance for when the central bank might increase rates. In her press conference, she suggested that might be around six months after the Fed ends its bond-buying program.

  • Welcome to another big day in Fed land. Our nation’s central bankers have likely wrapped up their two-day meeting by now. We’re waiting for the Federal Open Market Committee’s policy statement at 2 p.m., along with updated projections from all Fed officials. Then we get Janet Yellen herself half an hour later, at 2:30, for her first press conference.We should have answers to a number of key questions over the next few hours: If the Fed ditches it forward guidance about interest rates, what will replace it? Did Chairwoman Yellen maintain consensus on the committee?  Will she stick around for a couple of hours answering reporters’ questions, like she did with lawmakers?
  • Fun Fed fact, which all you Fed geeks out there surely knew already: Janet Yellen was a driving force behind Fed press conferences.

    As Fed vice chairman, she led a committee shaping the central bank’s overhaul of its communication strategy: the statement, the economic projections, the press conference and more. So if she doesn’t like what she faces in a few hours, she can only blame herself.

    We’ve been doing this for a few years. While you’re waiting, take a trip into our archives for a peek at prior press conferences. It started way back in the days of QE2. long before the word “taper” became the subject of heated dinner-table conversation among economists.

    http://blogs.wsj.com/economics/2014/03/19/live-blog-janet-yellens-press-conference-after-fed-decision/

 

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[youtubehttp://www.youtube.com/watch?v=zw3p2E9gziM]

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Global Government Debt Exceeds $100 Trillion and Climbing — Videos

Posted on March 9, 2014. Filed under: American History, Banking, Blogroll, Communications, Constitution, Crime, Economics, Education, Employment, Family, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, Friends, government, government spending, Health Care, history, Language, Law, liberty, Life, Links, media, Microeconomics, Monetary Policy, Money, Obamacare, People, Philosophy, Photos, Politics, Press, Rants, Resources, Security, Talk Radio, Tax Policy, Taxes, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , |

National Debt Projection for 2014.IMF

090612-economist-govt-debt-2014

Public Debt 1792 - 2014

National-Deb

BL-obama-budget-2014-debt_600

U.S. Debt Clock.org

http://www.usdebtclock.org/

$17 Trillion U.S. DEBT – A Visual Perspective

Chart: Total Federal Government Debt Since 1950

How Big Is the U.S. Debt?

US Unfunded Liabilities

Peter Schiff Thinks ‘Unfunded Liabilities’ Is An Economic Indicator

Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending

Economist: Real national debt is over $70 trillion, not $17 trillion

The First 12 Hours of a US Dollar Collapse

Overdose: The Next Financial Crisis

Debt-Statue-of-Liberty

Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says

By John Glover  Mar 9, 2014 6:00 AM CT

The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.

The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion in the same period, according to data compiled by Bloomberg. The jump in debt as measured by the Basel, Switzerland-based BIS in its quarterly review is almost twice the U.S.’s gross domestic product.

Borrowing has soared as central banks suppress benchmark interest rates to spur growth after the U.S. subprime mortgage market collapsed and Lehman Brothers Holdings Inc.’s bankruptcy sent the world into its worst financial crisis since the Great Depression. Yields on all types of bonds, from governments to corporates and mortgages, average about 2 percent, down from more than 4.8 percent in 2007, according to the Bank of America Merrill Lynch Global Broad Market Index.

“Given the significant expansion in government spending in recent years, governments (including central, state and local governments) have been the largest debt issuers,” according to Branimir Gruic, an analyst, and Andreas Schrimpf, an economist at the BIS. The organization is owned by 60 central banks and hosts the Basel Committee on Banking Supervision, a group of regulators and central bankers that sets global capital standards.

Austerity Measures

Marketable U.S. government debt outstanding has surged to a record $12 trillion, up from $4.5 trillion at the end of 2007, according to U.S. Treasury data compiled by Bloomberg. Corporate bond sales globally jumped during the period, with issuance totaling more than $21 trillion, Bloomberg data show.

Concerned that high debt loads would cause international investors to avoid their markets, many nations resorted to austerity measures of reduced spending and increased taxes, reining in their economies in the process as they tried to restore the fiscal order they abandoned to fight the worldwide recession.

Adjusting budgets to ignore interest payments, the International Monetary Fund said late last year that the so-called primary deficit in the Group of Seven countries reached an average 5.1 percent in 2010 when also smoothed to ignore large economic swings. The measure will fall to 1.2 percent this year, the IMF predicted.

The unprecedented retrenchments between 2010 and 2013 amounted to 3.5 percent of U.S. gross domestic product and 3.3 percent of euro-area GDP, according to Julian Callow, chief international economist at Barclays Plc in London.

The riskiest to the most-creditworthy bonds have returned more than 31 percent since 2007, according to Bank of America Merrill Lynch index data. Treasury and agency debt handed investors gains of 27 percent in the period, while corporate bonds worldwide returned more than 40 percent, the indexes show.

http://www.bloomberg.com/news/2014-03-09/global-debt-exceeds-100-trillion-as-governments-binge-bis-says.html

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Senator Rand Paul Wins CPAC Poll for Second Year In A Row — Republican Candidate for President in 2016 — We Are The Champions — I Stand With Rand — Videos

Posted on March 9, 2014. Filed under: American History, Banking, Blogroll, Business, College, Communications, Computers, Constitution, Crime, Culture, Economics, Education, Employment, Energy, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Freedom, Friends, government, government spending, Health Care, Heroes, history, History of Economic Thought, Illegal, Immigration, IRS, Language, Law, Legal, liberty, Life, Links, Literacy, Macroeconomics, Math, media, Monetary Policy, Money, Natural Gas, Natural Gas, Nuclear Power, Obamacare, Oil, Oil, People, Philosophy, Photos, Politics, Press, Public Sector, Radio, Raves, Regulations, Resources, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

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Rand Paul wins 2014 CPAC straw poll, Ted Cruz finishes a distant second

Rubio and Ryan, GOP leaders in Congress all see big drops in support

Sen. Rand Paul demolished his competition in the 2014 Washington Times/CPAC presidential preference straw poll on Saturday, winning 31 percent of the vote — nearly three times the total of second-place Sen. Ted Cruz.

The poll also found a strong plurality of attendees at the Conservative Political Action Conference believe marijuana should be fully legalized, with 41 percent saying it’s time to change the law and tax it. Another 21 percent said it should be legalized only for medicinal purposes, while just 31 percent said it should remain illegal in all cases.


SEE ALSO: CPAC 2014 straw poll results


In the presidential poll, Mr. Cruz’s 11 percent was a big improvement for the freshman senator, who won just 4 percent in last year’s straw poll. Neurosurgeon Ben Carson was third with 9 percent and New Jersey Gov. Chris Christie was fourth with 8 percent in results that signal growing discontent with the GOP establishment in Washington.

Indeed, CPAC voters now have an unfavorable view of Republicans in Congress, with 51 percent saying they disapprove of the job the GOP is doing on Capitol Hill. Just last year the GOP had a 54 percent approval rating, and in 2012 they held a 70 percent approval rating.

But a series of tough votes over the last few months that saw Republican leaders work with President Obama to boost spending and raised the government’s debt limit have deepened a rift between the GOP’s leadership on Capitol Hill and conservative activists around the country.

Sen. Ted Cruz, R-Texas, speaks at the Conservative Political Action Committee annual conference in National Harbor, Md., Thursday, March 6, 2014. Thursday marks the first day of the annual Conservative Political Action Conference, which brings together prospective presidential candidates, conservative opinion leaders and tea party activists from coast to coast. (AP Photo/Susan Walsh)Enlarge PhotoSen. Ted Cruz, R-Texas, speaks at the Conservative Political Action Committee annual … more >

That could be one reason why Rep. Paul Ryan, the Wisconsin Republican who wrote December’s budget deal that boosted spending in 2014 and 2015, saw his standing with CPAC voters cut in half — from 6 percent support in last year’s presidential straw poll to just 3 percent this year.

Sen. Marco Rubio suffered an even bigger drop, falling from 23 percent and second place in 2013 to seventh place, with 6 percent, this year.

“I like Ted Cruz, I like Rand Paul, I like Mike Lee. I like Rubio, but less now than I did a year ago because of immigration,” said David Fitzwilliam, 83.


SEE ALSO: Rand Paul urges conservatives to fight with him for liberty


For Mr. Paul, the victory is his second in a row, and he saw his support climb from 25 percent last year to 31 percent this year.

“He is the only true liberty candidate who focuses on civil liberties more than anybody else,” said Al Seltzinger, 36, from Baltimore. “I think the way the nation is going today with the government and the president going against the Constitution that we need someone who holds strict to the Constitution and whose voting record is pretty solid when it comes to the Constitution.”

Mr. Cruz also jumped from just 4 percent last year — when he was a newly sworn-in senator — to his 11 percent this year.

Mr. Carson, who gained prominence with a 27-minute speech challenging Mr. Obama when the two appeared at the 2013 National Prayer Breakfast, is also on the rise. In last year’s straw poll, taken just after that speech, he garnered 4 percent of the vote, but jumped to 9 percent this year.

“I love Ted Cruz, I love Rand Paul, but Ben Carson is all of the above,” said Jean Carlton, a 71-year-old CPAC attendee who said the doctor’s lack of Washington experience was a big plus.

For his part Mr. Christie, who has faced political troubles back home in New Jersey after his staffers caused a traffic jam on the George Washington Bridge to punish a town mayor, seems to be holding steady among activists. He rose from 7 percent last year to 8 percent support this year.

In his speech to the conference on Thursday, Mr. Christie argued that the GOP needs to not only pick a conservative champion, but pick a candidate who can get elected.

“We can’t govern if we can’t win,” he said.

That resonated with some CPAC straw poll voters.

“I think he has the best chance in the general election. I am less optimistic about his chances in the primary, but he seems to be more palatable to Independents and Democrats. I think electability is the main concern,” said Matthew Smith, a 19-year-old student at Yale University.

This year’s straw poll listed 25 potential candidates, which is far more than usual. The high number signals just how wide open the GOP’s presidential contest is with two years to go before the first caucuses and primaries.

On the Democratic side, meanwhile, former Secretary of State Hillary Rodham Clinton easily leads the rest of her party’s field in national and state polling.

Previous versions of The Washington Times/CPAC poll showed that the audience that gathers in Washington leans younger and more libertarian than the conservative movement throughout the country, which likely gives Mr. Paul a boost with this crowd here.

Indeed, his father, then-Rep. Ron Paul, won the straw poll twice on a similar libertarian-minded message, though he struggled to translate that support into votes when it came to primaries and caucuses.

The straw poll was conducted between Thursday and Saturday afternoon, and 2,459 votes were cast.

http://www.washingtontimes.com/news/2014/mar/8/rand-paul-wins-2014-cpac-straw-poll-ted-cruz-finis/

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Diplomatic Agreement — The Budapest Memorandum — Will It Lead To US War With Russia Over Ukraine or More Obama Appeasement? — Videos

Posted on March 7, 2014. Filed under: American History, Blogroll, Business, Communications, Constitution, Crime, Economics, Energy, European History, Faith, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, Genocide, government, government spending, history, Language, Law, liberty, Life, Links, Literacy, media, Natural Gas, Natural Gas, Nuclear Power, Oil, Oil, People, Philosophy, Photos, Politics, Psychology, Rants, Raves, Resources, Strategy, Talk Radio, Tax Policy, Technology, Terrorism, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 223: March 6, 2014 Will be posted by Friday noon.

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Story 3: Diplomatic Agreement — The Budapest Memorandum — Will It Lead To US War With Russia Over Ukraine or More Obama Appeasement? — Videos

Donald Rumsfeld on Russia, Ukraine, Obama !

Russian Roulette: The Invasion of Ukraine (Dispatch Two)

Russian Roulette: The Invasion of Ukraine (Dispatch One)

Russia fires first shots of Crimea invasion – Ukraine update – Truthloader

The Alex Jones Show(VIDEO Commercial Free) Sunday March 2 2014: Ukraine Mobilizes For War

Headlines: Hillary Clinton compares Russia’s actions in Ukraine to Nazi Germany

Obama: ‘Russia on the Wrong Side of History’

WW3 UPDATE: Ukrainian FORCES MOBILISING As RUSSIA Approves MILITARY ACTION In Ukraine

Russia Expands Its Natural Gas Infrastructure (Agenda)

Videographic: Sidestepping Russia’s gas monopoly

Ukrainian Protests and Russian Influence (Dispatch)

Crimea in the middlegaspipelines

Story 3: Diplomatic Agreement — The Budapest Memorandum — Will It Lead To US War With Russia Over Ukraine or More Obama Appeasement? — Videos

On 1 March 2014, the White House released a press release stating that Russia had breached its obligations to Ukraine under the Budapest Memorandum:

President Obama expressed his deep concern over Russia’s clear violation of Ukrainian sovereignty and territorial integrity, which is a breach of international law, including Russia’s obligations under the UN Charter, and of its 1997 military basing agreement with Ukraine, and which is inconsistent with the 1994 Budapest Memorandum and the Helsinki Final Act. The United States condemns Russia’s military intervention into Ukrainian territory.

—Office of the Press Secretary

Budapest Memorandums on Security Assurances, 1994

Published December 5, 1994

The Presidents of Ukraine, Russian Federation and United States of America, and the Prime Minister of the United Kingdom signed three memorandums (UN Document A/49/765) on December 5, 1994, with the accession of Ukraine to the Treaty on the Non-Proliferation of Nuclear Weapons. Through this agreement, these countries (later to include China and France in individual statements) gave national security assurances to Belarus, Kazakhstan and Ukraine. The Joint Declaration by the Russian Federation and the United States of America of December 4, 2009 confirmed their commitment.

Excerpt:

“Welcoming the accession of Ukraine to the Treaty on the Non-Proliferation of Nuclear Weapons as a non-nuclear-weapon State,

Taking into account the commitment of Ukraine to eliminate all nuclear weapons from its territory within a specified period of time,

Noting the changes in the world-wide security situation, including the end of the cold war, which have brought about conditions for deep reductions in nuclear forces,

Confirm the following:

1. The Russian Federation, the United Kingdom of Great Britain and Northern Ireland and the United States of America reaffirm their commitment to Ukraine, in accordance with the principles of the Final Act of the Conference on Security and Cooperation in Europe, to respect the independence and sovereignty and the existing borders of Ukraine;

2. The Russian Federation, the United Kingdom of Great Britain and Northern Ireland and the United States of America reaffirm their obligation to refrain from the threat or use of force against the territorial integrity or

political independence of Ukraine, and that none of their weapons will ever be used against Ukraine except in self-defence or otherwise in accordance with the Charter of the United Nations;

3. The Russian Federation, the United Kingdom of Great Britain and Northern Ireland and the United States of America reaffirm their commitment to Ukraine, in accordance with the principles of the Final Act of the Conference on Security and Cooperation in Europe, to refrain from economic coercion designed to subordinate to their own interest the exercise by Ukraine of the rights inherent in its sovereignty and thus to secure advantages of any kind;

4. The Russian Federation, the United Kingdom of Great Britain and Northern Ireland and the United States of America reaffirm their commitment to seek immediate United Nations Security Council action to provide assistance to Ukraine, as a non-nuclear-weapon State party to the Treaty on the Non-Proliferation of Nuclear Weapons, if Ukraine should become a victim of an act of aggression or an object of a threat of aggression in which nuclear

weapons are used;

5. The Russian Federation, the United Kingdom of Great Britain and Northern Ireland and the United States of America reaffirm, in the case of Ukraine, their commitment not to use nuclear weapons against any non-nuclearweapon State party to the Treaty on the Non-Proliferation of Nuclear Weapons,

except in the case of an attack on themselves, their territories or dependent territories, their armed forces, or their allies, by such a State in association or alliance with a nuclear-weapon State;

6. Ukraine, the Russian Federation, the United Kingdom of Great Britain and Northern Ireland and the United States of America will consult in the event a situation arises that raises a question concerning these commitments.

This Memorandum will become applicable upon signature.

Signed in four copies having equal validity in the Ukrainian, English and Russian languages.

For Ukraine:

(Signed) Leonid D. KUCHMA

For the Russian Federation:

(Signed) Boris N. YELTSIN

For the United Kingdom of Great

Britain and Northern Ireland:

(Signed) John MAJOR

For the United States of America:

(Signed) William J. CLINTON

U.S./U.K./Ukraine Press Statement on the Budapest Memorandum Meeting

Media Note

Office of the Spokesperson
Washington, DC
March 5, 2014

On 5 March 2014, U.S. Secretary of State John Kerry hosted a meeting in Paris with the Foreign Secretary of the United Kingdom, William Hague, and the Acting Foreign Minister of Ukraine, Andriy Deshchytsia.

The purpose of the meeting was to discuss the urgent question of the Budapest Memorandum, the agreement signed by the Governments of the United States of America, the United Kingdom and Russia in 1994. The United States had conveyed an invitation to the Russian Federation to the meeting. We deeply regret that the Russian Federation declined to attend.

The Budapest Memorandum sets out the obligations of signatories in return for Ukraine giving up its nuclear weapons. Under its terms, the three parties commit to refrain from the threat or use of force against Ukraine’s territorial integrity. The Memorandum also obliges the UK, US and Russia to consult in the event of a situation arising where the memorandum commitments are questioned.

Ukraine voluntarily surrendered the world’s third largest nuclear weapons arsenal in exchange for these assurances. The three Governments treat these assurances with utmost seriousness, and expect Russia to as well. Russia has chosen to act unilaterally and militarily. The United Kingdom and United States will continue to support Ukraine’s sovereignty and territorial integrity and we commend the new Ukrainian government for not taking actions that might escalate the situation. Russia’s continued violation of Ukraine’s sovereignty and territorial integrity can only degrade Russia’s international standing and lead to greater political and economic consequences.

In the meeting, the Governments of the United States, United Kingdom and Ukraine discussed steps needed to restore Ukraine’s territorial integrity and called on Russia to engage in consultations with Ukraine as they have committed to in the Budapest memorandum.

The United States, United Kingdom and Ukraine agreed that direct talks between Ukraine and Russia, facilitated as needed by members of the international community, are crucial to resolving the current situation. They also agreed that international observers should be deployed immediately in Ukraine, especially in eastern Ukraine and Crimea. The three governments reaffirmed the importance of protecting the rights of all Ukrainian citizens, and believed that international observers would help address any concerns regarding irregular forces, military activity and the treatment of all Ukrainians irrespective of their ethnicity or spoken language.

 http://www.state.gov/r/pa/prs/ps/2014/03/222949.htm

The Budapest Memorandum and Crimea

With tensions rising in Crimea and pro-Russian forces controlling the peninsula’s main airports, Ukrainian Prime Minister Arseniy Yatsenyuk has called on Russia to “not violate the Budapest Memorandum.” So what is the “Budapest Memorandum” and what does it have to do with Crimea?

What exactly is the “Budapest Memorandum”?

The “Budapest Memorandum on Security Assurances” is a diplomatic memorandum that was signed in December 1994 by Ukraine, Russia, the United States, and the United Kingdom.

It is not a formal treaty, but rather, a diplomatic document under which signatories made promises to each other as part of the denuclearization of former Soviet republics after the dissolution of the Soviet Union.

Under the memorandum, Ukraine promised to remove all Soviet-era nuclear weapons from its territory, send them to disarmament facilities in Russia, and sign the Nuclear Nonproliferation Treaty. Ukraine kept these promises.

In return, Russia and the Western signatory countries essentially consecrated the sovereignty and territorial integrity of Ukraine as an independent state. They did so by applying the principles of territorial integrity and nonintervention in 1975 Helsinki Final Act — a Cold War-era treaty signed by 35 states including the Soviet Union — to an independent post-Soviet Ukraine.

Which principles in the Helsinki Final Act, reiterated in the “Budapest Memorandum,” are relevant to the current situation in the Crimea?

In the “Budapest Memorandum,” Russia, the United Kingdom, and the United States promised that none of them would ever threaten or use force against the territorial integrity or political independence of Ukraine. They also pledged that none of them would ever use economic coercion to subordinate Ukraine to their own interest.

They specifically pledged they would refrain from making each other’s territory the object of military occupation or engage in other uses of force in violation of international law.

All sides agreed that no such occupation or acquisition will be recognized as legal and that the signatories would “consult in the event a situation arises which raises a question concerning these commitments.”

Is there anything legally binding about the “Budapest Memorandum” regarding Russia’s obligations to respect Ukraine’s territorial integrity?

“That’s actually a much more complex question than it may sound. It is binding in international law, but that doesn’t mean it has any means of enforcement,” says Barry Kellman, a professor of law and director of the International Weapons Control Center at DePaul University’s College of Law.

“The ‘Budapest Memorandum’ follows the Helsinki Final Act and essentially reiterates its provisions. There are confidence building measures and then a host of other broader obligations – primarily negative obligations. Don’t interfere.”

Kellman concludes that there are a host of other sources of international law that oblige Russia to respect Ukraine’s territorial integrity — including the provisions of the CSCE treaty and the UN Charter.

http://www.voanews.com/content/the-budapest-memorandum-and-crimea/1862439.html

: The forgotten treaty which could drag the US and UK into WAR with Russia if Putin’s troops intervene in Ukraine

  • The agreement sees signatories promise to protect Ukraine’s borders
  • It was signed by Bill Clinton, John Major, Boris Yeltsin and Leonid Kuchma in 1994
  • Ukrainian parliament has now reached out directly to all the countries who signed the treaty
  • Putin currently has 150,000 troops on Ukraine’s borders and it is reported some have crossed into the country
  • President Obama says he is ‘deeply concerned’ by the news
  • The US and Britain have both made ‘crisis calls’ to President Putin to warn him to respect territorial boundaries

By JILL REILLY and LIZZIE EDMONDS

A treaty signed in 1994 by the US and Britain could pull both countries into a war to protect Ukraine if President Putin’s troops cross into the country.

Bill Clinton, John Major, Boris Yeltsin and Leonid Kuchma – the then-rulers of the USA, UK, Russia and Ukraine – agreed to the The Budapest Memorandum as part of the denuclearization of former Soviet republics after the dissolution of the Soviet Union.

Technically it means that if Russia has invaded Ukraine then it would be difficult for the US and Britain to avoid going to war.

The revelation comes as reports suggest the Kremlin was moving up to 2,000 troops across the Black Sea from Novorossiysk to their fleet base at Sevastopol.

At least 20 men wearing the uniform of the Russian fleet and carrying automatic rifles surrounded a Ukrainian border guard post in a standoff near the port yesterday.

Last night it was still unclear the exact scale of Russian boots on the ground in Crimea or the identity of gunmen who have taken over airports in Simferopol and Sevastopol – though reports suggest they are Russian marines or Moscow- controlled militias.

The action came as President Obama delivered blunt warnings to Moscow.

‘We are now deeply concerned by reports of military movements taken by the Russian Federation inside of Ukraine,’ he told reporters at the White House.

‘Any violation of Ukraine’s sovereignty and territorial integrity would be deeply destabilizing,’ he said in a brief appearance.

‘The United States will stand with the international community in affirming that there will be costs for any military intervention in Ukraine.’

U.S. officials also said the President could scrap plans to attend an international summit in Russia and take negotiations on deepening trade ties with the country off the table in response to Russian involvement in the Ukraine.

Defense Secretary Chuck Hagel added: “This could be a very dangerous situation if this continues in a provocative way.”

Asked about options in a CBS News interview, he said that “We’re trying to deal with a diplomatic focus, that’s the appropriate, responsible approach.”

Both the U.S. and the UK are advising against all non-essential trips to Ukraine – especially Crimea.

former British Ambassador to Moscow Sir Tony Brenton, who served as British Ambassador from 2004 to 2008, said in an interview that war could be an option 'if we do conclude the [Budapest] Memorandum is legally binding.'

former British Ambassador to Moscow Sir Tony Brenton, who served as British Ambassador from 2004 to 2008, said in an interview that war could be an option ‘if we do conclude the [Budapest] Memorandum is legally binding.’

NATO also asked Russia not to take action that could escalate tension. However Moscow responded by telling the organization to ‘refrain’ from provocative statements on Ukraine and respect its ‘non-bloc’ status.

Sir Tony Brenton, who served as British Ambassador from 2004 to 2008, said that war could be an option ‘if we do conclude the [Budapest] Memorandum is legally binding.’

It promises to protect Ukraine’s borders, in return for Ukraine giving up its nuclear weapons.

Kiev has demanded the agreement is activated after insisting their borders had been violated.

In response Mr Brenton said in a BBC radio interview: ‘If indeed this is a Russian invasion of Crimea and if we do conclude the [Budapest] Memorandum is legally binding then it’s very difficult to avoid the conclusion that we’re going to go to war with Russia’.

Ukraine accused Russia of a ‘military invasion and occupation’, saying Russian troops have taken up positions around a coast guard base and two airports on its strategic Crimea peninsula.

Russia kept silent on the accusations, as the crisis deepened between two of Europe’s largest countries.

Any Russian military incursion in Crimea would dramatically raise the stakes in Ukraine’s conflict, which saw pro-Russian President Viktor Yanukovych flee last weekend after three months of anti-government protests. Yanukovych vowed Friday at a news conference in Russia to ‘keep fighting for the future of Ukraine,’ though he called any military action ‘unacceptable.’

Moscow has vowed to protect Russian-speaking Ukrainians in Crimea, where it has a major naval base, and Ukraine and the West have warned Russia to stay away.

Russia did not confirm its troops were involved in Friday’s action in Crimea, which would be a major escalation.

In Kiev, Ukraine’s parliament adopted a resolution demanding that Russia halt steps it says are aimed against Ukraine’s sovereignty and territorial integrity, and called for a U.N. Security Council meeting on the crisis.

THE BUDAPEST REFERENDUM

Budapest Memorandum on Security Assurances was a international treaty signed on February, 5, 1994, in Budapest.

The diplomatic document saw signatories make promises to each other as part of the denuclearization of former Soviet republics after the dissolution of the Soviet Union.

It was signed by Bill Clinton, John Major, Boris Yeltsin and Leonid Kuchma – the then-rulers of the USA, UK, Russia and Ukraine.

The agreement promises to protest Ukraine’s borders in return for Ukraine giving up its nuclear weapons.

It is not a formal treaty, but rather, a diplomatic document.

It was an unprecedented case in contemporary international life and international law.

Whether is it legally binding in complex.

‘It is binding in international law, but that doesn’t mean it has any means of enforcement,’ says Barry Kellman is a professor of law and director of the International Weapons Control Center at DePaul University’s College of Law told Radio Free Europe.

‘I can only describe this as a military invasion and occupation,’ Ukraine’s newly named interior minister, Arsen Avakov, wrote in a Facebook post.

The chief of Ukraine’s security council, Andriy Parubiy, seemed to strike a less strident tone later in the day, saying gunmen had tried to ‘seize’ the airports in the Crimean cities of Simferopol and Sevastopol but insisting in comments to the Interfax news agency that ‘de-facto the airports are controlled by the law enforcement bodies of Ukraine.’

Ukraine’s State Border Guard Service also said about 30 Russian marines from Russia’s Black Sea Fleet – which is based in Sevastopol – had taken up position outside the Ukrainian Coast Guard base in the area. It said the marines said they were there to prevent any weapons at the base from being seized by extremists.

Russia’s defense ministry had no comment.

Yanukovych made his first public appearance since fleeing Ukraine in the southern Russian city of Rostov-on-Don, not far from the Ukrainian border. It was the first confirmation that he had left the country, and he said he was ‘forced’ to do so only after his family received threats.

‘I intend to keep fighting for the future of Ukraine,’ he said.

Yanukovych said he supports Crimea’s residents who are worried about ‘nationalists’ in Kiev and added that Russia cannot stand by while events in Ukraine unfold. He denied, however, that this amounts to a call for military intervention.

‘Any military action in this situation is unacceptable,’ he said. 

Tensions rising: A Russian soldier on an armoured personnel carrier halted on a road in Ukraine around 20 miles from Sebastapol, where there is a large Russian military presence

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Tensions rising: A Russian soldier on an armoured personnel carrier halted on a road in Ukraine around 20 miles from Sebastapol, where there is a large Russian military presence

The prosecutor-general’s office in Kiev said it would seek Yanukovych’s extradition to Ukraine, where he is wanted on suspicion of mass murder in last week’s violent clashes between protesters and police, during which over 80 people were killed.

At the airport serving Simferopol, commercial flights were landing and taking off despite dozens of armed men in military uniforms without markings patrolling with assault rifles. They didn’t stop or search people leaving or entering the airport, and refused to talk to journalists.

One man who identified himself only as Vladimir said the men were part of the Crimean People’s Brigade, which he described as a self-defense unit ensuring that no ‘radicals and fascists’ arrive from other parts of Ukraine. There was no way to verify his account.

The airport deployments came a day after masked gunmen with rocket-propelled grenades and sniper rifles seized the parliament and government offices in Simferopol and raised the Russian flag. Ukrainian police cordoned off the area but didn’t confront the gunmen. They remained in control of the buildings Friday.

The Russian foreign and defense ministries had no comment. Russia’s state RIA Novosti and Interfax cited an unnamed official from the Russian Black Sea Fleet denying involvement, saying Russian servicemen stationed in Crimea have not moved into the airports and denying that the Russian military was in control there.

Tensions between the two countries were high, however. Russia continued with massive combat readiness exercises involving most of its troops in western and southern Russia that it said were unrelated to the Ukraine conflict. The moves were reminiscent of Cold War brinksmanship.

Russian military forces are blockading an airport in the Black Sea port of Sevastopol in Crimea, an act Ukraine's new interior minister has announced branded an 'armed invasion'

+11

Russian military forces are blockading an airport in the Black Sea port of Sevastopol in Crimea, an act Ukraine’s new interior minister has announced branded an ‘armed invasion’

As events in the Crimea region heighten tensions with neighboring Russia, this morning armed men also took over the other main Crimean airport, Simferopol, according to a Facebook post by Mr Avakov

+11

As events in the Crimea region heighten tensions with neighboring Russia, this morning armed men also took over the other main Crimean airport, Simferopol, according to a Facebook post by Mr Avakov

Dozens of armed men in military uniforms without markings were seen patrolling the airport in Simferopol, the capital of Crimea

+11

Dozens of armed men in military uniforms without markings were seen patrolling the airport in Simferopol, the capital of Crimea

The move came as U.S. Vice President Joe Biden told Ukraine's new prime minister that the U.S. welcomes the formation of the country's new government

+11

The move came as U.S. Vice President Joe Biden told Ukraine’s new prime minister that the U.S. welcomes the formation of the country’s new government

The Kremlin, in a statement published late Thursday, said President Vladimir Putin had instructed the government to ‘maintain contacts with the counterparts in Kiev in what concerns trade and economic ties between Russia and Ukraine.’

Moscow has been sending mixed signals about Ukraine but pledged to respect its territorial integrity. Putin has long dreamed of pulling Ukraine, a country of 46 million people considered the cradle of Russian civilization, closer into Moscow’s orbit.

Meanwhile, Swiss prosecutors announced they had launched a criminal investigation against Yanukovych and his son Aleksander over ‘aggravated money laundering.’

They said police and Geneva’s chief prosecutor conducted a search and seized documents Thursday at the premises of a company owned by Aleksander Yanukovych.

Ukraine's ex-President Yanukovych has made his first public appearance since being ousted, telling a news conference that he was going to fight for his country's future

+11

Ukraine’s ex-President Yanukovych has made his first public appearance since being ousted, telling a news conference that he was going to fight for his country’s future

Switzerland and Austria both said they would freeze any assets Yanukovych and his entourage might have in those countries.

Ukraine’s population is divided in loyalties between Russia and the West, with much of western Ukraine advocating closer ties with the European Union while eastern and southern regions look to Russia for support.

Crimea, a southeastern peninsula of Ukraine that has semi-autonomous status, was seized by Russian forces in the 18th century under Catherine the Great, and was once the crown jewel in Russian and then Soviet empires.

It became part of Ukraine in 1954 when Soviet leader Nikita Khrushchev transferred jurisdiction from Russia, a move that was a mere formality until the 1991 Soviet collapse meant Crimea landed in an independent Ukraine.

In a bid to shore up Ukraine’s fledgling administration, the International Monetary Fund has said it is ‘ready to respond’ to Ukraine’s bid for financial assistance; Ukraine’s finance ministry has said it needs $35 billion over the next two years to avoid default.

The European Union is also considering emergency loans for a country that is the chief conduit of Russian natural gas to western Europe.

And Putin, in his statement, asked his government to ‘hold consultations with foreign partners including the IMF and the G8 nations to provide financial aid to Ukraine.’

Associated Press journalists approaching the Sevastopol airport found the road leading up to it blocked by two military trucks and a handful of gunmen wearing camouflage uniforms and carrying assault rifles.

A car with Russian military plates was stopped at the roadblock. A man wearing a military uniform with a Russian flag on his sleeve got out of the car and was allowed to enter on foot after a brief discussion with the gunmen.

http://www.dailymail.co.uk/news/article-2570335/Former-British-Ambassador-Moscow-warns-Russia-invaded-Ukraine-difficult-avoid-going-war.html

Fact Check: Could a Little-Known International Agreement With Ukraine Force U.S., Britain Into War With Russia?

The United States and Britain “reaffirmed” their commitment to protect Ukraine’s borders in exchange for the nation giving up its nuclear weapons in a little-known agreement known as the “Budapest Memorandum signed by former President Bill Clinton in 1994.

The Daily Mail notes reports “if Russia has invaded Ukraine then it would be difficult for the US and Britain to avoid going to war.”

Sir Tony Brenton, who served as a British ambassador from 2004 to 2008, said war is certainly on the table if it’s determined that the Budapest Memorandum is “legally binding.”

According to the Daily Mail, Kiev has asked that the agreement be honored as it claims its borders have been violated.

“If indeed this is a Russian invasion of Crimea and if we do conclude the [Budapest] Memorandum is legally binding then it’s very difficult to avoid the conclusion that we’re going to go to war with Russia,” Brenton told BBC radio.

Ukraine has accused Russia of a “military invasion,” though details are still coming in.

The unsettling news comes after President Barack Obama warned Russia about military action in Ukraine on Friday.

But a closer look at the Budapest Memorandum shows the specifics might be more complex than some are assuming. Article one of the agreement states:

The United States of America, the Russian Federation, and the United Kingdom of Great Britain and Northern Ireland, reaffirm their commitment to Ukraine … to respect the Independence and Sovereignty and the existing borders of Ukraine.

Reaffirming a “commitment” to Ukraine’s borders and being legally required to go to war are two very different ideas.

There will surely be much debate over whether the Budapest Memorandum is a legally binding agreement requiring action. The U.S. going to war with Russia is likely a last resort for the Obama administration.

According to rferl.org, the Budapest Memorandum is a diplomatic memorandum, not an official treaty.

Barry Kellman, a professor of law and director of the International Weapons Control Center at DePaul University’s College of Law, told the website that the answers to questions about whether the agreement is binding are “complex.”

“That’s actually a much more complex question than it may sound. It is binding in international law, but that doesn’t mean it has any means of enforcement,” he said.

“The ‘Budapest Memorandum’ follows the Helsinki Final Act and essentially reiterates its provisions. There are confidence building measures and then a host of other broader obligations – primarily negative obligations. Don’t interfere,” the professor added.

Armed men described as Russian troops took control of key airports in Crimea on Friday and Russian transport planes flew into the strategic region, Ukrainian officials said, an ominous sign of the Kremlin’s iron hand in Ukraine. President Barack Obama bluntly warned Moscow “there will be costs” if it intervenes militarily.

The sudden arrival of men in military uniforms patrolling key strategic facilities prompted Ukraine to accuse Russia of a “military invasion and occupation” – a claim that brought an alarming new dimension to the crisis.

Unidentified armed men patrol outside of Simferopol airport, on February 28, 2014. Ukraine accused today Russia of staging an 'armed invasion' of Crimea and appealed to the West to guarantee its territorial integrity after pro-Moscow gunmen took control of the peninsula's main airport. (Source: AFP PHOTO / VIKTOR DRACHEV VIKTOR DRACHEV/AFP/Getty Images)

Unidentified armed men patrol outside of Simferopol airport, on February 28, 2014. Ukraine accused today Russia of staging an ‘armed invasion’ of Crimea and appealed to the West to guarantee its territorial integrity after pro-Moscow gunmen took control of the peninsula’s main airport. (Source: AFP PHOTO / VIKTOR DRACHEV VIKTOR DRACHEV/AFP/Getty Images)

Obama urged Russia to respect the independence and territory of Ukraine and not try to take advantage of its neighbor, which is undergoing political upheaval.

“Any violation of Ukraine’s sovereignty and territorial integrity would be deeply destabilizing,” Obama said.

“Just days after the world came to Russia for the Olympic Games, that would invite the condemnation of nations around the world,” he continued. “The United States will stand with the international community in affirming that there will be costs for any military intervention in Ukraine.”

He did not say what those costs might be.

http://www.theblaze.com/stories/2014/02/28/fact-check-could-a-little-known-international-agreement-force-u-s-britain-into-war-with-russia/#

Budapest Memorandum on Security Assurances

The Budapest Memorandum on Security Assurances is an international treaty signed on 5 December 1994, providing security assurances by its signatories relating to Ukraine‘s accession to the Treaty on the Non-Proliferation of Nuclear Weapons. The Memorandum was originally signed by three nuclear-powers, the Russian Federation, the United States of America, and the United Kingdom. China and France later gave individual statements of assurance as well.[1][clarification needed]

The memorandum included security assurances against threats or use of force against the territorial integrity or political independence of Ukraine as well as those of Belarus and Kazakhstan. As a result Ukraine gave up the world’s third largest nuclear weapons stockpile between 1994 and 1996.[2][3]

Following the 2014 Crimean crisis, the US stated that Russian involvement is in breach of its obligations to Ukraine under the Budapest Memorandum, and in clear violation of Ukrainian sovereignty and territorial integrity.[4][5]


According to the memorandum, Russia, the US, and the UK confirmed, in recognition of Ukraine becoming party to the 
Treaty on the Non-Proliferation of Nuclear Weapons and in effect abandoning its nuclear arsenal to Russia, that they would:

  1. Respect Ukrainian independence and sovereignty within its existing borders.
  2. Refrain from the threat or use of force against Ukraine.
  3. Refrain from using economic pressure on Ukraine in order to influence its politics.
  4. Seek United Nations Security Council action if nuclear weapons are used against Ukraine.
  5. Refrain from the use of nuclear arms against Ukraine.
  6. Consult with one another if questions arise regarding these commitments.[6]

Analyse

Under the treaty, the signatories offered Ukraine “security assurances” in exchange for its adhesion to the Treaty on the Non-Proliferation of Nuclear Weapons. The memorandum bundled together a set of assurances that Ukraine already held from the Conference on Security and Cooperation in Europe (CSCE) Final Act, United Nations Charter and Non-Proliferation Treaty. The Ukrainian government nevertheless found it politically valuable to have these assurances in a Ukraine-specific document. [7] [8]

The Budapest Memorandum was negotiated as a political agreement. It refers to assurances, not defined, but less than a military guarantee of intervention. According to Stephen MacFarlane, a professor of international relations “It gives signatories justification if they take action, but it does not force anyone to act in Ukraine.”[7][8]

Issues

Tuzla Island crisis

Main article: Tuzla Island

Ukraine gave up the world’s third largest nuclear weapons stockpile between 1994 and 1996 in return for “security assurances” from five nuclear powers, including Russia who was seen by Ukraine as the main threat to its territorial integrity.[2] In 2003, Russian construction efforts were seen as an attempt to annex Tuzla Island off the Crimean coast of Ukraine.[2] The Russian threat to Tuzla led to the Ukrainian leadership appealing to NATO for consultations on security, as outlined in the 1997 NATO-Ukraine Charter, without result.[2] The dispute led to negotiations over delimitation of the maritime borders. In a 2012 preliminary agreement, Ukraine and Russia agreed that Tuzla Island would be considered Ukraine’s territory.[9][needs update]

U.S. Secretary of State John Kerry speaks with British Foreign Secretary William Hague and Ukrainian Foreign Minister Andrii Deshchytsia after hosting the Budapest Memorandum Ministerial on the Ukraine crisis in Paris, France, on March 5, 2014.

2014 Crimean crisis

Main article: 2014 Crimean crisis

In February 2014, unidentified troops seized or blockaded various airports, as well as other strategic sites throughout Crimea.[10] Official Ukrainian sources have said that the troops are Russian, attached to the Russian Black Sea Fleet stationed in Crimea,[11] likely placing Russia in violation of the Budapest Memorandum. The Russian Foreign Ministry has confirmed the movement of armoured units attached to the Black Sea Fleet in Crimea, but asserts that they are acting within the scope of the various agreements between the two countries. Other official Russian sources deny that the units in the area of Sevastopol International Airport, specifically, are attached to the Black Sea Fleet.[12]

On 1 March 2014, the White House released a press release stating that Russia had breached its obligations to Ukraine under the Budapest Memorandum:

President Obama expressed his deep concern over Russia’s clear violation of Ukrainian sovereignty and territorial integrity, which is a breach of international law, including Russia’s obligations under the UN Charter, and of its 1997 military basing agreement with Ukraine, and which is inconsistent with the 1994 Budapest Memorandum and the Helsinki Final Act. The United States condemns Russia’s military intervention into Ukrainian territory.

—Office of the Press Secretary[4]

[5]

In response to the crisis, the Ukrainian parliament has requested that the Memorandum’s signatories reaffirm their commitment to the principles enshrined in the treaty, and further asked that they hold consultations with Ukraine to ease tensions.[13]

See also

References

  1. Jump up^ “Budapest Memorandums on Security Assurances, 1994″. Council on Foreign Relations. December 5, 1994. Retrieved 2014-03-02.
  2. Jump up to:a b c d The Crimea:Europe’s Next Flashpoint, By Taras Kuzio, November 2010
  3. Jump up^ [1]
  4. Jump up to:a b Office of the Press Secretary. “Readout of President Obama’s Call with President Putin”. whitehouse.gov.
  5. Jump up to:a b Washington Post Editorial Board. “Condemnation isn’t enough for Russian actions in Crimea”. Washington Post.
  6. Jump up^ Memorandum on Security Assurances [2]
  7. Jump up to:a b Are the US and the UK bound to intervene in Ukraine?france24, 03-03-2014
  8. Jump up to:a b Ukraine crisis’ impact on nuclear weapons, 4-March-2014
  9. Jump up^ http://en.ria.ru/russia/20120713/174576071.html
  10. Jump up^ Higgins, Andrew; Reevell, Patrick (28 February 2014). “Armed, masked men appear at airports in Crimea”The Boston Globe. Retrieved 1 March 2014.
  11. Jump up^ Booth, William; DeYoung, Karen (28 February 2014). “Reports of Russian military activity in Crimea prompts stern warning from Obama”The Washington Post. Retrieved 1 March 2014.
  12. Jump up^ “Movement of Russian armored vehicles in Crimea fully complies with agreements – Foreign Ministry”. RT. 28 February 2014. Retrieved 1 March 2014.
  13. Jump up^ “Ukrainian parliament appeals to Budapest Memorandum signatories”. Interfax Ukraine. 28 February 2014. Retrieved 1 March 2014.

External links

Ukraine – The Birth of a Nation. Part 1 of 4. From Rus to Ukraine

Ukraine – The Birth of a Nation. Part 2 of 4. Ukraine or Little Russia?

Ukraine – The Birth of a Nation. Part 3 of 4. Together Forever

Ukraine – The Birth of a Nation. Part 4 of 4. Independence

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The Coming Stock Market Crash and Recession? The End of American As You Know It? — Videos

Posted on March 3, 2014. Filed under: American History, Banking, Blogroll, Business, Climate, College, Communications, Economics, Education, Employment, Energy, European History, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, government spending, history, History of Economic Thought, Inflation, Investments, IRS, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Photos, Politics, Press, Radio, Raves, Regulations, Resources, Securities and Exchange Commission, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Unemployment, Video, War, Wealth | Tags: , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 220: February 27, 2014

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The Pronk Pops Show Podcasts Portfolio

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Story 1: The Coming Stock Market Crash and Recession? The End of American As You Know It? — Videos

Obama ObamaCare Economic Collapse stock-market-crash-1929 20141929-IS-A-MOLEHILL-COMPARED-TO-THIS-MOUNTAINdow-today-vs-1929-feb-5

01 - 140121 Strongest + Logest Bull Cycles in the DJIA since 1900stockMCrash

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Bubble, Stock Market Crash Coming Like 1929

Bubble, Stock Market Crash Coming New uptade Economic Monitor 2014

Keiser Report: Guest Dough Casey

Doug Casey on Stupidity, Evil, and the Decline of the U.S.

Jim Rogers Stock Market Crash, The Fed Will Come To The Rescue

EU European Union Economic Crisis 2013 2014

Market Crash, Global Economic Shocks Coming in 2014, World War 3 Gerald Celente

World Economy : Chart shows similarities between 1929 Stock Market Crash and Today

Glenn Beck: 1929 vs. 2014

Peter Schiff Market Crash 2014 | London Real

Peter Schiff – Market Crash 2014 | London Real

There Will Be No Economic Recovery. Prepare Yourself Accordingly.

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Cutting Defense Expenditures and Size of the Army — Videos

Posted on February 27, 2014. Filed under: American History, Banking, Blogroll, Business, College, Communications, Constitution, Economics, Education, Employment, European History, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, history, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Photos, Politics, Rants, Raves, Regulations, Tax Policy, Video, War, Wealth, Weather, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 218: February 25, 2014

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Pronk Pops Show 210: February 13, 2014

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Story 1: Cutting Defense Expenditures and Size of the Army — Videos

Military-spending-sequesterproposed-dicretionary

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Pentagon Plans to Cut Army to Pre World War II Level

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Pentagon plans to shrink US Army to pre-WWII level

The Pentagon plans to scale back the US Army by more than an eighth to its lowest level since before World War II, signaling a shift after more than a decade of ground wars.

Saying it was time to “reset” for a new era, Defense Secretary Chuck Hagel recommended shrinking American forces from 520,000 active duty troops to between 440,000 and 450,000.

In a speech outlining the proposed defense budget, he said Monday that after Iraq and Afghanistan, US military leaders no longer plan to “conduct long and large stability operations.”

If approved by Congress, the Pentagon move would reduce the army to its lowest manning levels since 1940, before the American military dramatically expanded after entering World War II.

The proposed 13 percent reduction in the army would be carried out by 2017, a senior defense official, who spoke on condition of anonymity, told AFP.

The spending plan is the first to “fully reflect” a transition away from a war footing that has been in place for 13 years, Hagel said at a press conference.

The plan comes amid growing fiscal pressures and after years of protracted counter-insurgency campaigns, which saw the army reach a peak of more than 566,000 troops in 2010.

Having withdrawn US forces from Iraq in 2011, President Barack Obama has promised to end America’s combat role in Afghanistan by the end of this year.

The proposed cut in manpower along with plans to retire some older aircraft and reform benefits for troops could run into stiff resistance in Congress.

A senior US military officer, speaking on condition of anonymity, acknowledged the political challenge.

“We’re going to need some help from our elected representatives to get this budget across the finish line,” the officer said.

Several members of the Senate Armed Services Committee immediately expressed reservations about the budget proposal.

Republican Senator Roy Blunt of Missouri, who sits on the committee, said the proposals had the “potential to harm America’s military readiness.”

The Pentagon had previously planned to downsize the ground force to about 490,000.

But Hagel warned that to adapt to future threats “the army must accelerate the pace and increase the scale of its post-war drawdown.”

Hagel also said the army national guard and reserves would be cut by five percent.

The smaller force would entail some “added risk” but it would still be able to defeat an adversary in one region while also “supporting” air and naval operations in another, he said.

The Pentagon for years had planned to ensure the army could fight two major wars at the same time but that doctrine has been abandoned.

Even under the planned reductions, the US Army will remain one of the largest in the world and the American military’s budget still dwarfs other countries’ defense spending.

While the army will see troop numbers drop, the military’s elite special operations forces will be increased to 69,700 — up from 66,000 currently.

- Retiring old aircraft -

The proposed budget also calls for scrapping the Air Force’s entire fleet of A-10 “tank killer” aircraft and retiring the storied U-2 spy plane that dates back to the 1950s.

The A-10 enjoys backing from some lawmakers but commanders want to invest in the new hi-tech F-35 fighter jet and the unmanned Global Hawk surveillance drone.

The budget would reduce the US Navy’s planned fleet of littoral combat ships, a small vessel designed for coastal waters that faces questions about its reliability.

Instead of 52 LCS ships, the budget calls for building only 32 and requires the navy to study developing similar ships with heavier weapons and tougher defenses.

Venturing into politically sensitive territory, Hagel called for slowing growth in pay and benefits — which make up nearly half the Pentagon’s budget — and closing more bases in the United States.

Lawmakers have long resisted base closures or any reform of pay, pensions or other benefits.

Military spending doubled after the attacks of September 11, 2001 but has started to decline as lawmakers push to slash government budgets.

Under a bipartisan accord adopted in December to avert automatic spending cuts, the Defense Department will have a $496 billion budget for fiscal year 2015.

But the Pentagon is backing a $26 billion “opportunity” fund that would bolster training and other programs.

http://news.yahoo.com/pentagon-proposes-shrink-us-army-pre-wwii-level-183915098.html;_ylt=AwrTWf1X8gtTyCsAGVTQtDMD

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Senator Rand Paul Republican Party Front-Runner — A Profile in Courage — Videos

Posted on February 27, 2014. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, Inflation, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Photos, Politics, Press, Raves, Resources, Security, Tax Policy, Technology, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , |

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Story 1: Senator Rand Paul Republican Party Front-Runner —  A Profile in Courage –Videos

rand-paulRand Paul, Kelley Paul, William Paul, Robert Paul, Duncan PaulRand_Paul_family

Profile in Courage

Sen. Rand Paul : I’ll Decide in 2014 on a Presidential Run – 2/17/13

Sen. Paul: I heard Obama say `trust me` on NSA

Rand Paul’s Plan To Grow The Economy – Glenn Beck Radio 2/13/2013

Judge Jeanine Pirro Asks Rand Paul If He Will Run For President 2016

Chris Matthews: Rand Paul Will Be Republican Presidential Nominee in 2016

Rand Paul: Voters ready for Libertarian Republican in 2016

Sen. Rand Paul Defends the Fourth Amendment – February 11, 2014

Sen Rand Paul (R-KY) Announces Lawsuit Vs Pres Obama, Dirs Of NSA, FBI, DNi, FBI Named In Suit

Sen. Rand Paul Delivers Response to President’s State of the Union Address

Senator Rand Paul HUMILIATES and EXPOSES John Kerry!!

Explosive: Sen. Rand Paul To Hillary Clinton – I Would Have Fired You

Reclaiming Our Rights in the 21st Century (Sen. Rand Paul)

How Rand Paul said the ‘politically bravest thing’ in Washington

Chris Christie Ties Rand Paul for 2016 GOP Primary Lead as Ted Cruz Slips 5 Points

Rand Paul: I’m Thinking Of Running For President – Fox News’ O’Reilly Factor 2/5/2013

Rand Paul: NSA Spying Doesn’t Make Me Feel Any Safer, But I Do Feel My Privacy Is Being Intruded On

Rand Paul: Voters ready for Libertarian Republican in 2016

Sen. Rand Paul Filing Class-Action Lawsuit Against NSA

Liberty & Civil Rights speech by Senator Rand Paul Howard University

How the GOP Can Attract Young People: Rand Paul and Glenn Beck

Glenn Beck: Rand Paul On Freedom

Rand Paul Is the GOP’s Early Presidential Front-Runner

While the establishment hopes for a governor to emerge, he is quietly putting together a formidable operation.

Republican strategists like to say the party’s next nominee needs to hail from the GOP’s gubernatorial ranks. It’s a response to how unpopular Washington is—particularly the party’s congressional wing—and a reflection of the party’s strength in holding a majority of governorships. But another reason for the gubernatorial focus is to sidestep the one formidable candidate that gives the establishment heartburn: Sen. Rand Paul.

Make no mistake: The Kentuckian scares the living daylights out of many Republicans looking for an electable nominee capable of challenging Hillary Clinton. At the same time, he’s working overtime to broaden the party’s image outside its traditional avenues of support. The 2016 Republican nominating fight will go a long way toward determining whether Paul is the modern version of Barry Goldwater or at the leading edge of a new, more libertarian brand of Republicanism.

“That’s the big challenge—is America ready? I think that Rand and his small-L libertarian Republicanism can break through,” said Paul’s longtime adviser Jesse Benton. “He’s a fundamentally better messenger than Barry Goldwater—[Goldwater's 1964 campaign slogan] ‘In your heart you know he’s right’ is not very compelling. Rand is a wonderful communicator, and I think a message of individual liberty can build wide support.”

Either way, Paul’s brand of politics is a distinct departure from the party’s traditional moorings. His occasional sympathy for Edward Snowden puts him on an island within the party. His critique of the National Security Agency’s domestic surveillance techniques and noninterventionist views on foreign policy are gaining some conservative followers, but are still outside the party mainstream. Many conservative foreign policy hawks could sooner support Clinton than Paul in a 2016 matchup.

And he’s got a history of questionable associations and controversial comments that would make Democratic opposition researchers salivate. Whether it’s hiring a top aide who was a former secessionist talk-show host (and defending him amid controversy), questioning the legality of the 1964 Civil Rights Act during his Senate campaign, or facing allegations of plagiarism from past speeches, Paul’s got plenty of controversies poised to reemerge in a presidential campaign. Paul’s invocation of Bill Clinton’s affair with Monica Lewinsky to attack Hillary Clinton in recent weeks is classic Paul—throw red meat into the fire to energize the base, regardless of the political consequences.

At the same time, Paul has been doing more than almost any other Republican to expand the party’s appeal to nontraditional GOP voters—the type of activity that’s imperative for future success. He spoke at Howard University and historically black Simmons College in Kentucky (twice) as part of an outreach effort toward African-Americans. His Jack Kemp-like pitch for “economic freedom zones” has even drawn the interest of the NAACP, which invited him to speak. He’s been leading the call for reforming drug sentencing, an issue that’s won support from many young voters and minorities who disproportionately bear the burden of current zero-tolerance policy. This week, at a Missouri Republican Party banquet, he said the party needs “a more diverse party—with tattoos and without tattoos.”

Meanwhile, the politics of the 2016 Republican nomination look increasingly favorable to Paul. He is one of the top fundraisers in the field, has a ready-made base of support from his father’s presidential networks, and has proven his savvy political instincts with a made-for-TV drone filibuster and NSA lawsuit. The newly compressed Republican presidential calendar should benefit a Paul candidacy, since he’s got the grassroots support to play in the small states and the money to fight forward in the big media-market states that follow.

Paul’s mutually beneficial alliance with Senate Minority Leader Mitch McConnell, who faces reelection this year, is a prime example of his political foresight. McConnell has helped him build chits with the establishment, including donors skeptical of his national viability. McConnell, meanwhile, has gotten tea-party validation to get him through a contested primary against businessman Matt Bevin. He’s also benefited from Paul’s swipes at former President Clinton, who is emerging as an important surrogate for McConnell’s Democratic challenger, Alison Lundergan Grimes. McConnell, if he survives the general election, could become the next majority leader. But Paul, in taming the establishment skepticism toward him, could end up with the bigger prize.

“He is the Republican front-runner,” said Republican strategist Scott Jennings, who served as deputy political director in the George W. Bush administration and is now running a pro-McConnell super PAC in Kentucky. “The political instinct of when to do things is not something you teach—you either have it or you don’t. He’s got a knack for finding populist issues showing why the government is stupid, and people like it.”

http://www.nationaljournal.com/against-the-grain/rand-paul-is-the-gop-s-early-presidential-front-runner-20140225

Rand Paul

Randal Howard “Rand” Paul (born January 7, 1963) is the junior United States Senator for Kentucky. He is a member of theRepublican Party and the son of former U.S. Representative and presidential candidate Ron Paul of Texas. He first received national attention in 2008 when making political speeches on behalf of his father, who was campaigning for the Republican Party’s nomination for president. During his father’s final term in the house, he was the first United States senator to have served simultaneously with a parent in the United States House of Representatives.

A graduate of the Duke University School of Medicine, Paul began practicing ophthalmology in Bowling GreenKentucky in 1993 and established his own clinic in December 2007. He remained active in politics and founded Kentucky Taxpayers United in 1994, of which he is still chairman.[2]

In 2010, Paul ran as the Republican candidate for the United States Senate seat being vacated by retiring Senator Jim Bunning of Kentucky, defeating Kentucky Secretary of State Trey Grayson in the primary. He subsequently defeated Kentucky Attorney GeneralJack Conway in the general election. A member of the Tea Party movement, he supports term limits, a balanced budget amendment, the Read the Bills Act, and widespread reduction in federal spending and taxation. Unlike his more stridently isolationist, or “non-interventionist“, father, Paul concedes a role for American armed forces abroad, including permanent foreign military bases.[3][4] He has garnered attention for his positions, often clashing with both Republicans and Democrats.[5]

Rand Paul

From Wikipedia, the free encyclopedia
Not to be confused with Paul Rand.
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Rand Paul
Rand Paul, official portrait, 112th Congress alternate.jpg
Paul in January 2011
United States Senator
from Kentucky
Incumbent
Assumed office
January 3, 2011
Serving with Mitch McConnell
Preceded by Jim Bunning
Personal details
Born Randal Howard Paul
January 7, 1963 (age 51)
Pittsburgh, Pennsylvania, U.S.
Political party Republican
Spouse(s) Kelley Ashby Paul (m. 1990)
Relations Ron Paul (father)
Carol Wells Paul (mother)
Children William
Robert
Duncan
Residence Bowling Green, Kentucky
Alma mater Baylor University
Duke University (M.D.)
Occupation Ophthalmologist
Religion Presbyterian[1]
(baptized Episcopalian)
Website Senator Rand Paul

Randal Howard “Rand” Paul (born January 7, 1963) is the junior United States Senator for Kentucky. He is a member of theRepublican Party and the son of former U.S. Representative and presidential candidate Ron Paul of Texas. He first received national attention in 2008 when making political speeches on behalf of his father, who was campaigning for the Republican Party’s nomination for president. During his father’s final term in the house, he was the first United States senator to have served simultaneously with a parent in the United States House of Representatives.

A graduate of the Duke University School of Medicine, Paul began practicing ophthalmology in Bowling GreenKentucky in 1993 and established his own clinic in December 2007. He remained active in politics and founded Kentucky Taxpayers United in 1994, of which he is still chairman.[2]

In 2010, Paul ran as the Republican candidate for the United States Senate seat being vacated by retiring Senator Jim Bunning of Kentucky, defeating Kentucky Secretary of State Trey Grayson in the primary. He subsequently defeated Kentucky Attorney GeneralJack Conway in the general election. A member of the Tea Party movement, he supports term limits, a balanced budget amendment, the Read the Bills Act, and widespread reduction in federal spending and taxation. Unlike his more stridently isolationist, or “non-interventionist“, father, Paul concedes a role for American armed forces abroad, including permanent foreign military bases.[3][4] He has garnered attention for his positions, often clashing with both Republicans and Democrats.[5]

Early life and education

Randal Howard Paul[6] was born on January 7, 1963, in PittsburghPennsylvania, to Carol (née Wells) and Ron Paul. His father is a physician and former U.S. Representative of Texas’ 14th congressional district. The middle child of five, his siblings are Ronald “Ronnie” Paul Jr., Lori Paul Pyeatt, Robert Paul and Joy Paul-LeBlanc.[7] Paul was baptized in the Episcopal Church[8] and identified as a practicing Christian as a teenager.[9] Despite his father’s libertarian views and strong support for individual rights,[9][10] the novelistAyn Rand was not the inspiration for his first name. Growing up, he went by “Randy”,[11] but his wife shortened it to “Rand.”[9][12][13]

The Paul family moved to Lake Jackson, Texas, in 1968,[11][14] where he was raised[15][16] and where his father began a medical practice and for an extent of time was the onlyobstetrician in Brazoria County.[11][14] When he was 13, his father was elected to the United States House of Representatives.[17] The younger Paul often spent summer vacations interning in his father’s congressional office.[18] In his teenage years, Paul studied the Austrian economists that his father respected, as well as the writings of Objectivistphilosopher Ayn Rand.[11] Paul went to Brazoswood High School and was on the swimming team and played defensive back on the football team.[9][15] Paul attended Baylor University from fall 1981 to summer 1984. He was enrolled in the honors program at Baylor, and had scored approximately in the 90th percentile on the Medical College Admission Test.[19] During the time he spent at Baylor, he was involved in the swim team and Young Conservatives of Texas and was a member of a secret organization known as the NoZe Brotherhood.[20] Paul left Baylor early when he was accepted into the Duke University School of Medicine, where he earned an M.D. in 1988, and completed his residency in 1993.[19]

Medical career

Paul has held a state-issued medical license since moving to Bowling Green in 1993.[21] He received his first job from Dr. John Downing of Downing McPeak Vision Centers, which brought him to Bowling Green after completing his residency. Paul worked for Downing for about five years before parting ways. Afterwards, he went to work at the Gilbert Graves Clinic, a private medical group in Bowling Green, for 10 years before creating his own practice in a converted one-story house across the street from Downing’s office.[22] After his election to the U.S. Senate, he merged his practice with Downing’s medical practice.[23] Paul has faced two malpractice lawsuits between 1993 and 2010; he was cleared in one case while the other was settled for $50,000.[22] Regardless, his medical work has been praised by Downing and he has medical privileges at two Bowling Green hospitals.[21][22]Paul specializes in cataract and glaucoma surgeries, LASIK procedures, and corneal transplants.[12] As a member of the Bowling Green Noon Lions Club, Paul founded the Southern Kentucky Lions Eye Clinic to help provide eye surgery and exams for those who cannot afford to pay.[24]

National Board of Ophthalmology

In 1995, Paul passed the American Board of Ophthalmology (ABO) boards on his first attempt and earned board-certification under the ABO for 10 years. In 1997, to protest the ABO’s 1992 decision to grandfather in older ophthalmologists and not require them to be recertified every 10 years in order to maintain their status as board-certified practitioners, Paul, along with 200 other ophthalmologists formed the National Board of Ophthalmology (NBO) to offer an alternative ophthalmology certification system.[25][26] The NBO was incorporated in 1999, but he allowed it to be dissolved in 2000 after not filing the required paperwork with the Kentucky Secretary of State‘s office. Paul later recreated the board in September 2005, three months before his original 10-year certification from the ABO lapsed. His ABO certification lapsed on December 31, 2005. Paul has since been certified by the NBO,[21] with himself as the organization’s president, his wife as vice-president, and his father-in-law as secretary.[27] The ophthalmology board is not officially recognized by the American Board of Medical Specialties (ABMS).[21] The NBO was again dissolved on September 10, 2011.[28]

Political activism

Paul served as the head of the local chapter of the Young Conservatives of Texas during his time at Baylor University. While attending Duke Medical School, Paul volunteered for his father’s 1988 Libertarian presidential campaign. In response to President Bush breaking his election promise to not raise taxes, Paul founded the North Carolina Taxpayers Union in 1991.[18] In 1994, Paul founded the anti-tax organization Kentucky Taxpayers United (KTU), serving as chair of the organization from its inception. He has often cited his involvement with KTU as the foundation of his involvement with state politics.[29] Described as “ideological and conservative” by the Lexington Herald-Leader, the group considered itselfnonpartisan,[30][31] examining Kentucky legislators’ records on taxation and spending and encouraging politicians to publicly pledge to vote uniformly against tax increases.[32][33]

The Wall Street Journal reported in 2010 that although Paul had told a Kentucky television audience as recently as September 2009 that KTU published ratings each year on state legislators’ tax positions and that “we’ve done that for about 15 years”, the group had stopped issuing its ratings and report cards after 2002 and had been legally dissolved by the state in 2000 after failing to file registration documents.[29]

Paul spoke on his father’s behalf when his father was campaigning for office,[34] including throughout the elder Paul’s run in the 2008 presidential election, during which Rand campaigned door-to-door in New Hampshire[35] and spoke in Boston at a fundraising rally for his father on the anniversary of the 234th anniversary of the Boston Tea Party.[36]

In February 2014, Paul joined the Tea Party-affiliated conservative advocacy group FreedomWorks in filing a class-action lawsuit charging that the US government’s bulk collection of Americans’ phone records metadata is a violation of the Fourth Amendment of the US Constitution.[37][38][39] Commenting on the lawsuit at a press conference, Paul said, “I’m not against the NSA, I’m not against spying, I’m not against looking at phone records…. I just want you to go to a judge, have an individual’s name and [get] a warrant. That’s what the Fourth Amendment says.”[37] He also said there was no evidence the surveillance of phone metadata had stopped terrorism.[37] Critics, including Harvard University law professor Alan Dershowitz[40] and Steven Aftergood, the director of the American Scientists’ Project on Government Secrecy,[39] called the lawsuit a political “stunt”. Paul’s political campaign organization said that the names of members of the public who went to Paul’s websites and signed on as potential class-action participants would be available in the organization’s database for future campaign use.[37][41] On the announcement of the filing of the lawsuit, Mattie Fein, the spokeswoman for and former wife of attorney Bruce Fein, complained that Fein’s intellectual contribution to the lawsuit had been stolen and that he had not been properly paid for his work.[42] Paul’s representatives denied the charge, and Fein issued a statement saying that Mattie Fein had not been authorized to speak for him on the matter and that he had in fact been paid for his work on the lawsuit.[42]

Paul is co-author of a book entitled The Tea Party Goes to Washington (2011) with Jack Hunter, also known as the “Southern Avenger.”[43][44] Paul is also the author ofGovernment Bullies: How Everyday Americans Are Being Harassed, Abused, and Imprisoned by the Feds (2012).[45]

Paul was included in Time magazine’s world’s most influential people, for 2013.[46]

Electoral history

Primary campaign

Then-U.S. Senate candidate Rand Paul speaking with a supporter at a healthcare rally in Louisville, Kentucky in November 2009

At the beginning of 2009, there was an online grassroots movement to draft Paul in a bid to replace beleaguered Republican Kentucky senator Jim Bunning. The news of Paul’s potential candidacy became a topic of national interest and was discussed in the Los Angeles Times[47] and locally in the Kentucky press.[48] Paul’s father remarked, “Should Senator Bunning decide not to run, I think Rand would make a great U.S. Senator.”[49]

On May 1, 2009, Paul officially confirmed that if Bunning, whose fundraising in 2009 matched his poor numbers in opinion polling for the 2010 election,[50] declined to seek a third term, he would almost certainly run in the Republican Party primary to succeed him,[51] and formed an exploratory committee soon after, while still promising to stay out of the race if Bunning ultimately decided to run for reelection. Paul made this announcement on MSNBC’s The Rachel Maddow Show, though a Kentucky news site first broke the news.[52]

On July 28, 2009, Bunning announced that he would not run for reelection in the face of insufficient fundraising. The announcement left only Paul and Secretary of State Trey Grayson as the remaining candidates for the Republican nomination,[53] with Paul announcing on August 5, 2009 that he would officially run for the U.S. Senate as a Republican. The announcement was made through a series of national TV events, radio, and other programs, as well as newspapers in Kentucky.[54][55][56]

Early fundraising success

On August 20, 2009, Paul’s supporters planned a moneybomb to kick off his campaign. The official campaign took in $433,509 in 24 hours. His website reported that this set a new record in Kentucky’s political fundraising history in a 24-hour period.[57]

A second “moneybomb” was held on September 23, 2009, to counter a D.C. fundraiser being held for primary opponent Trey Grayson, by 23 Republican United States Senators, 17 of whom voted for the bank bailout.[58] The theme was a UFC “fight” between Paul and “We the People” vs. Trey Grayson and the “D.C. Insiders”.[59] The money bomb ended up raising $186,276 for Paul in 24 hours on September 23;[60] bringing Paul’s Senate campaign’s total raised to over one million. Later in the campaign, Paul claimed his pledge to not take money from lobbyists and Senators who had voted for the bailout was only a “primary pledge”;[61] he subsequently held a DC fundraiser with the same Senators who had been the target of the September 23, 2009 “moneybomb”. Paul ended up raising some $3 million during the primary period.

Primary victory

Then-U.S. Senate candidate Rand Paul with then-Senator Jim Bunning at a rally inHebron, Kentucky in November 2010

Although Grayson was considered the frontrunner in July 2009,[62] Paul found success characterizing Grayson as a “career politician” and challenging Grayson’s conservatism. Paul ran an ad in February that made an issue out of Grayson’s September 2008 admission that he voted for Bill Clinton when he was 20 years old.[63] James Dobson, a Christian evangelical figure, endorsed Grayson on April 26 based on the advice of what Dobson described as “senior members of the GOP”, but on May 3 the Paul campaign announced that Dobson had changed his endorsement to Paul[64] after Paul and some Paul supporters had lobbied Dobson insisting on Paul’s social conservative bona fides.[65]

On May 18, Paul won the Republican Senatorial primary by a 23.4% margin,[66] meaning he would face the Kentucky Attorney GeneralJack Conway, in the November 2 general election.[67]

General campaign

In the 2010 general election, Paul faced Kentucky Attorney General Jack Conway. The campaign attracted $8.5 million in contributions from outside groups, of which $6 million was spent to help Paul and $2.5 million to help Conway. This money influx was in addition to the money spent by the candidates themselves: $6 million by Paul and $4.7 million by Conway.[68][69] On June 28, 2010, Paul supporters held their first post-primary online fundraising drive, this time promoted as a “money blast”.[70][71]

Paul’s campaign got off to a rough start after his comments on the Civil Rights Act of 1964 stirred controversy.[72] Paul stated that he favored 9 out of 10 titles of the Civil Rights Act of 1964, but that had he been a senator during the 1960s, he would have raised some questions on the constitutionality of Title II of the Act.[73] Paul said that he abhors racism, and that he would have marched with Martin Luther King Jr. to repeal Jim Crow Laws. He later released a statement declaring that he would have voted for the Act and stated “unequivocally … that I will not support any efforts to repeal the Civil Rights Act of 1964″.[74][75] Later he generated more controversy by characterizing statements made by Obama Administration officials regarding the BP oil spill cleanup as sounding “un-American”.[76]

U.S. Senate career

Tenure

112th Congress (2011-13)

Rand Paul being sworn in as a senator by Vice President Joe Biden, along with his family, in the Old Senate Chamber in theUnited States Capitol building

Paul was sworn in on January 5, 2011 along with his father, marking the first time in congressional history that someone served in the Senate while their parent simultaneously served in the House of Representatives.[77] He was assigned to serve on the Energy and Natural ResourcesHealth, Education, Labor and PensionsHomeland Security and Government Affairs, and Small Businesscommittees.[78] Paul also formed the Senate Tea Party Caucus with Jim DeMint and Mike Lee as its inaugural members.[79] His first legislative proposal was to cut $500 billion from federal spending in one year. This proposal included cutting the Department of Educationby 83 percent and the Department of Homeland Security by 43 percent, as well as folding the Department of Energy into the Department of Defense and eliminating the Department of Housing and Urban Development. Seven independent agencies would be eliminated and food stamps would be cut by 30 percent. Under Paul’s proposal, defense spending would be reduced by 6.5 percent and international aidwould be eliminated.[80] He later proposed a five-year budget plan intended to balance the budget.[81]

In February, Paul was one of two Republicans to vote against extending three key provisions of the USA PATRIOT Act (roving wiretaps, searches of business records, and conducting surveillance of “lone wolves”—individuals not linked to terrorist groups).[82] In May, he remained the last senator opposing the PATRIOT Act, and was ultimately defeated on May 26.[83]

On March 2, Paul was one of nine senators to vote against a stopgap bill that cut $4 billion from the budget and temporarily prevent agovernment shutdown, citing that it did not cut enough from the budget.[84] One week later, he voted against the Democratic and Republican budget proposals to keep funding the federal government, citing that both bills did not cut enough spending. Both bills failed to pass the Senate.[85] He later voted against stopgap measures on March 17 and April 8, both of which passed the senate.[86] On April 14, He was one of 19 senators to vote against a budget that cut $38.5 billion from the budget and fund the government for the remainder of the fiscal year.[87] Paul voiced opposition to U.S. intervention in the Libyan civil war and has criticized President Obama for not gaining congressional consent forOperation Odyssey Dawn.[88] During the debt ceiling crisis, the Senator stated that he would only support raising the debt ceiling if a balanced budget amendment was enacted.[89]Paul was a supporter of the Cut, Cap and Balance Act, which was tabled by Democratic opposition.[90] On August 3, Paul voted against a bill that would raise the debt ceiling.[91]

On September 7, Paul called for a vote of no confidence in U.S. Treasury Secretary Timothy Geithner.[92] Later that month, Paul blocked legislation that would strengthen safety rules for oil and gas pipelines because he stated the bill was not strong enough.[93] In October, Paul blocked a bill that would provide $36 million in benefits for elderly and disabled refugees, saying that he was concerned that it could be used to aid domestic terrorists. This was in response to two alleged terrorists, who came to the United States through a refugee program and were receiving welfare benefits, were arrested in 2011 in Paul’s hometown of Bowling Green.[94] Paul lifted his hold on the bill after Democratic leaders promised to hold a Congressional hearing into how individuals are selected for refugee status and request an investigation on how the two suspects were admitted in the country through a refugee program.[95]

113th Congress (2013-15)

For the 113th Congress, Paul was added to the Foreign Relations committee and retained his spot on the Health, Education, Labor and Pensions, Homeland Security and Government Affairs, and Small Business committees.[96]

On March 6–7, 2013, Paul engaged in a talking filibuster to delay voting on the nomination of John O. Brennan as the Director of the CIA. Paul questioned the Obama administration’s use of drones and the stated legal justification for their potential use within the United States.

Rand Paul speaking during his filibuster

Paul held the floor for 12 hours and 52 minutes.[97] He ceded to several Republican senators and Democratic senator, Ron Wyden, who generally also questioned drone usage.[98][99] Paul noted his purpose was to challenge drone policy in general and specifically as it related to noncombatants on U.S. soil. He requested a pledge from the Administration that noncombatants would not be targeted on U.S. soil.[100] Attorney General Eric Holder responded that the President is not authorized to deploy extrajudicial punishment without due process, against non combatant citizens. Paul answered that he was “quite happy” with the response.[101] The filibuster was ended with a cloture vote of 81 to 16, and Brennan was confirmed by the Senate with a vote of 63 to 34.[102]

In March 2013, Paul, with Senators Ted Cruz and Mike Lee, threatened another filibuster, this one opposing any legislative proposals to expand federal gun control measures.[103] The filibuster was attempted on April 11, 2013, but was dismissed by cloture, in a 68–31 vote.[104]

Also in March 2013, Paul endorsed fellow Kentucky Republican Senator Mitch McConnell‘s 2014 re-election campaign.[105] McConnell had previously hired Paul’s 2010 campaign manager, Jesse Benton, as his own campaign manager.[106] Paul’s endorsement was seen as a major win for McConnell in avoiding a challenge in the Republican primary.[105] In August 2013, a phone call was released to the public in which Benton said that he was “holding his nose” in supporting McConnell in order to help a potential Rand Paul presidential candidacy.[107]

In response to Detroit’s declaration of bankruptcy, Paul stated he would not allow the government to attempt to bail out Detroit. In a phone interview with Breitbart.com on July 19, 2013, Paul said, “I basically say he is bailing them out over my dead body because we don’t have any money in Washington.” Paul said he thought a federal bailout would send the wrong message to other cities with financial problems.[108] In September, Paul stated that the United States should avoid military intervention in the ongoing Syrian civil war.[109] In an op-ed, Paul disputed the Obama administration’s claims that the threat of military force caused Syria’s government to consider turning over its chemical weapons, instead arguing that the opposition to military action in Syria, and the delay that it caused, led to diplomatic progress.[110]

In October 2013, Paul was the subject of some controversy when it was discovered that he had plagiarized from Wikipedia part of a speech in support of Virginia gubernatorial candidate Ken Cuccinelli. Referencing the movie Gattaca, Paul quoted almost verbatim from the Wikipedia article about the film without citing the source.[111][112][113] Evidence soon surfaced that Paul had copied passages in a number of his other speeches and published works nearly verbatim from other authors without giving credit to the original sources,[114][115] including in the speech he had given as the Tea Party rebuttal to the president’s 2013 State of the Union address and in a three-page-long passage of Paul’s bookGovernment Bullies, which was taken directly from an article by the conservative think thank The Heritage Foundation.[116][117] When it became apparent that an op-ed article Paul had published in the Washington Times and testimony he had given before the Senate Judiciary Committee both contained material that was virtually identical to an article that had been published by another author in The Week a few days earlier,[118] the Washington Times said that the newspaper would no longer publish the weekly column Paul had been contributing to the paper.[119] After a week of almost daily news reports of new allegations of plagiarism, Paul said that he was being held to an “unfair standard”, but would restructure his office in order to prevent mistakes in the future, if that would be what it would take “to make people leave me the hell alone”.[120]

Committee assignments

Current
Previous

Political positions

A member of the Tea Party movement,[121][122] Paul has described himself as a “constitutional conservative”[123] and a libertarian.[124] The National Journal rated him the sixth most conservative senator based on votes cast in 2012.[125]

He supports term limits, a balanced budget amendment, and the Read the Bills Act, in addition to the widespread reduction of federal spending and taxation.[5] Unlike his more stridently “non-interventionist” father, Paul concedes a role for American armed forces abroad, including permanent foreign military bases.[126]

Paul describes himself as “100% pro life”.[127] Paul opposes abortion even in cases of rape or incest.[128] He has been a sponsor or co-sponsor of several legislative measures to effectively ban all abortions, except possibly in cases in which the mother’s life is at risk.[128] He believes legal personhood begins at fertilization.[129][130][131]

He opposes same-sex marriage, but believes the issue should be left to the states to decide.[132][133] He has argued that Congress’ political position is “ten years behind the American public.”.[134]

He has criticized mandatory minimums that have led to unreasonably harsh sentences for repeated offenders. He has highlighted the case of Timothy L. Tyler as particularly unfair.[135]

Rand Paul speaking at the 2013Conservative Political Action Conference(CPAC) in National Harbor, Maryland on March 14, 2013

In a January 2013 interview, he spoke of a possible 2016 presidential candidacy. While not promising a run, he stated the decision would be made within the next two years. He also indicated his intention to shape GOP politics regardless of a run.[136]

He delivered the Tea Party response to President Barack Obama’s State of the Union address on February 13, 2013,[137] while Marco Rubio gave the official Republican response. This prompted some pundits to call that date the start of the 2016 Republican primaries.[138]

He spoke at the annual Conservative Political Action Conference in Washington D.C. on March 14, 2013.[139] Two days later he won the 2013 CPAC straw poll with 25% of the votes cast.[140] At a Christian Science Monitor sponsored breakfast on April 17, 2013, he reaffirmed that he was considering a 2016 run for the presidency and said no decision would be made before 2014.[141]

He won the Pennsylvania Leadership Conference poll, held April 19–20, 2013, with 39% [142] and the Tennessee Republican Assembly straw poll, also held on April 20, with 58%.[143] His 2013 itinerary reportedly included trips through several early primary states.[144]

Personal life

Paul is married to Kelley (née Ashby) Paul. They live in Bowling Green, Kentucky, where she is a freelance writer and manages payroll and marketing communications for his ophthalmology practice.[145] They have three sons: William, Duncan and Robert. Paul wears hearing aids in both ears

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Will Governor Jerry Brown Challenge Hillary Clinton for Democratic Party Nomination For President in 2016? — Videos

Posted on February 27, 2014. Filed under: American History, Banking, Blogroll, Communications, Constitution, Economics, Employment, Faith, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, history, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Press, Private Sector, Public Sector, Radio, Rants, Raves, Security, Talk Radio, Tax Policy, Taxes, Unemployment, Unions, Video, War, Water, Wealth, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 217: February 24, 2014

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Story 1: Will Governor Jerry Brown Challenge Hillary Clinton for Democratic Party Nomination For President?- Videos

Jerry Brown declares California drought emergency

Water wars: California drought spawns political fight

Gov. Jerry Brown Delivers 2014 State Of The State Address

Calif. Gov. Jerry Brown Nixes 2016 Presidential Bid

Keynote Address: Gov. Jerry Brown

Jerry Brown for President?

Gov Jerry Brown 14-15 Budget Press Conference

John King, USA : CNN: Jerry Brown running on experience

CA Gov. Jerry Brown interview- media in politics (Merv Griffin Show 1981)

BAY AREA FLASHBACK – Jerry Brown Presidential Campaign (1976)

Brown rules out presidential bid

By Seema Mehta

Gov. Jerry Brown said Tuesday that he will not run for president in 2016, dashing political speculation that he might make a fourth bid for the White House.

“No, that’s not in the cards. Unfortunately,” he told reporters at a news conference before brightening about his current job: “Actually, California is a lot more governable.”

Brown, who ran for president in 1976, 1980 and 1992, was the subject of some speculation recently when his office did not categorically rule out another run, the governor was touting his work in California as a template for the nation and some activists named him as an alternative to former U.S. Secretary of State Hillary Clinton, who is weighing a bid.

Brown was in Riverside to discuss prisons, education and water policy with local officials, part of a two-day, three-city trip to inland portions of the state. He visited Bakersfield on Tuesday morning and Fresno on Monday. Last week, he unveiled his budget in Sacramento, San Diego and Los Angeles.

Brown is up for reelection this year and has raised millions for a bid. But he has been coy about his intentions.

Asked about the purpose of his travel schedule, Brown declared Bakersfield a “wonderful place,” said politics did not interest him and continued to demur about his intentions.

“We have time,” he said. “I’m not running yet.”

http://www.latimes.com/local/political/la-pc-brown-rules-out-presidential-bid-20140114,0,869179.story#ixzz2uIGedGZa

Jerry Brown breaks some hearts: won’t run for president in 2016

California Gov. Jerry Brown will not run for president in 2016, he said Tuesday.

The Los Angeles Times reported that Governor Moonbeam put to rest speculation that he might launch his fourth bid for president, 40 years after he first sought the Democratic nomination in 1976.

“No, that’s not in the cards. Unfortunately,” he said.

Brown raised eyebrows last month when he declined to outright deny interest in a bid. He has touted his efforts to deal with California’s economic woes as a model for the whole country, which some took as an indication that he was seeking a national stage.

“Things happen in California that are not happening in Washington,” Brown in October, the Los Angeles Times reported. “We can do a lot of things in California to shift the [political] climate throughout the whole country.”

But Brown quashed any hopes that he might wade into the mire of politics in Washington, D.C.

“Actually,” he told reporters, “California is a lot more governable.”

This would have been Brown’s fourth try for the Democratic presidential nomination. In 1992 he mounted a strong but ultimately unsuccessful run against Bill Clinton, winning support from The New York Times and other major publications for his flat tax proposal. Brown lost the nomination to Jimmy Carter in 1976 and 1980, during his first tenure as governor of the Golden State. His 1980 campaign prompted the Dead Kennedys to warn that Brown would create a “Zen Fascist” dictatorship in which kids would be forced to “meditate in school,” in their punk classic “California Über Alles.”

http://dailycaller.com/2014/01/15/jerry-brown-breaks-some-hearts-wont-run-for-president-in-2016/

Jerry Brown, urged to run for president, won’t rule out 2016 bid

|By Mark Z. Barabak

If he weren’t the nation’s oldest governor, a ripe 75, Jerry Brown would automatically be counted among serious Democratic candidates for president in 2016.

He boasts a household name, an impressive list of accomplishments in the country’s most populous state — a state some once deemed ungovernable — glowing national media coverage and a deep familiarity with the pitfalls and rigors of a White House bid, having run three times before.

Now, some are pushing Brown to consider another try for the White House, even if it means taking on Hillary Rodham Clinton, the prohibitive, if still undeclared, Democratic favorite.

“I think Jerry is precisely what America needs,” said Rose Ann DeMoro, the leader of a national nurses union and a strong political ally of Brown. “He has the courage of his convictions, which we haven’t seen in a very long while.”

Brown, who is up for reelection in 2014, has not yet stated his intention to seek another term, though he has raised millions of dollars for what would appear to be an easy campaign.

Asked if Brown would categorically rule out another presidential bid in 2016, a spokesman, Jim Evans, referred to a statement Brown made in May at a California Chamber of Commerce breakfast. Citing his past primary victories, Brown said “time is kind of running out on that.”

“I guess I’ll just have to stay and do the work of being the governor, which I actually enjoy because I have some perspective that I didn’t used to have,” Brown said.

The famously Delphic governor often leaves people guessing about his motivation and intentions, which leaves plenty of leeway ahead of 2016. Absent a clear-cut statement of disinterest from Brown — who sought the White House in 1976, 1980 and 1992 — some see familiar signs of a presidential-candidate-in-waiting.

The governor has widely touted California’s comeback and his record as a model for the rest of the country and, especially, a dysfunctional Washington, D.C. With support from an overwhelmingly Democratic legislature — and a combination of spending cuts and voter-approved tax hikes — Brown has brought the state’s deficit-ridden budget under control, overhauled the education finance system to benefit poorer students, pushed through major environmental initiatives and reaped the benefits — job growth, an improved housing market — of a slow but steady economic recovery.

“Things happen in California that are not happening in Washington,” Brown said during an October appearance at an electric-vehicle expo in San Francisco. “We can do a lot of things in California to shift the [political] climate throughout the whole country.”

In a victory lap a few weeks later, he traveled to the nation’s capital and ticked off the bills he had signed, including immigration-friendly legislation and laws promoting green energy. “We didn’t wait for the federal government,” he crowed.

At the same time, Brown has established himself as a moderating force in Sacramento, pushing back against liberals on issues such as gun control and business regulation, which, to some, suggests an effort to shed the kooky Left Coast image of his first time as governor, more than 20 years ago, and craft a more centrist profile ahead of 2016.

Edmund Gerald “Jerry” Brown, Jr. (born April 7, 1938) is an American politician who currently serves as the 39th Governor of California since 2011; he previously served as California’s 34th Governor[3] from 1975 to 1983. Both before and after his original two terms as Governor, Brown served in numerous state, local, and party positions. He was a member of the Los Angeles Community College District Board of Trustees (1969–1971), Secretary of State of California (1971–1975), chairman of the California Democratic Party (1989–1991), Mayor of Oakland (1999–2007) and Attorney General of California (2007–2011).

Brown sought the Democratic nominations for President of the United States in 19761980, and 1992, and was the Democratic candidate for the United States Senate in California in 1982, but was unsuccessful in those attempts. He is the son of Pat Brown, the 32nd Governor of California. On October 7, 2013, he became the longest-serving governor in California history measured by cumulative service.

As a consequence of the 28-year gap between his second and third terms, Brown has been both the sixth-youngest California governor(and the youngest since the 1860s) and the oldest California governor in history.

Early life, education, and career

Brown was born in San Francisco, California, as the only son of four siblings born to Bernice Layne Brown, and District Attorney of San Francisco and later Governor of California, Edmund Gerald “Pat” Brown, Sr.[4] His father was of half Irish and half German descent.[5]He was a member of the California Cadet Corps at St. Ignatius High School, where he graduated in 1955.[citation needed]

In 1955, Brown entered Santa Clara University for a year, and left to attend Sacred Heart Novitiate, a Jesuit seminary, intent on becoming a Catholic priest. Brown left the seminary after three years,[6] enrolling at the University of California, Berkeley in 1960, where he graduated with a Bachelor of Arts in 1961. Brown went on to Yale Law School and graduated with a Juris Doctor in 1964.[4] After law school, Brown worked as a law clerk for California Supreme Court Justice Mathew Tobriner.

Returning to California, Brown took the state bar exam and passed on his second attempt.[7] Brown then settled in Los Angeles and joined the law firm of Tuttle & Taylor. In 1969, Brown ran for the newly created Los Angeles Community College Board of Trustees, which oversaw community colleges in the city, and placed first in a field of 124.[8]

Secretary of State (1971–1975)

In 1970, Brown was elected California Secretary of State. Brown argued before the California Supreme Court and won cases againstStandard Oil of CaliforniaInternational Telephone and TelegraphGulf Oil, and Mobil for election law violations.[8] In addition, he forced legislators to comply with campaign disclosure laws. While holding this office, he discovered the use of falsely notarized documents to earn a tax deduction by then-President Richard Nixon. Brown also drafted and helped to pass the California Political Reform Act of 1974, Proposition 9, passed by 70% of California’s voters in June, 1974. Among other provisions, it established the California Fair Political Practices Commission.

Governor of California (1975–1983)

First term

California Chief Justice Donald Wright (left) swearing in Brown as Governor of California on January 6, 1975

In 1974, Brown ran in a highly contested Democratic primary for Governor of California against Speaker of the California Assembly Bob Moretti, San Francisco Mayor Joseph L. Alioto, Representative Jerome R. Waldie, and others. Brown won the primary with the name recognition of his father, Pat Brown, whom many people admired for his progressive administration.[9] In the General Election on November 5, 1974, Brown was elected Governor of California over California State Controller Houston I. Flournoy; Republicans ascribed the loss to anti-Republican feelings from Watergate, the election being held only ninety days after President Richard Nixon resigned from office. Brown succeeded Republican Governor Ronald Reagan, who had planned on retiring from office after serving two terms.

After taking office, Brown gained a reputation as a fiscal conservative.[10] The American Conservative later noted he was “much more of a fiscal conservative than Governor Reagan.”[11] His fiscal restraint resulted in one of the biggest budget surpluses in state history, roughly $5 billion.[12][13] For his personal life, Brown refused many of the privileges and perks of the office, forgoing the newly constructed governor’s residence and instead renting a modest apartment at the corner of 14th and N Streets, adjacent to Capitol Park in downtown Sacramento.[14] Instead of riding as a passenger in a chauffeured limousine as previous governors had done, Brown walked to work and drove in a Plymouth Satellite sedan.[15][16]

As governor, Brown held a strong interest in environmental issues. He appointed J. Baldwin to work in the newly created California Office of Appropriate Technology, Sim Van der Ryn as State Architect, Stewart Brand as Special Advisor, John Bryson as chairman of the California State Water Board. Brown also reorganized the California Arts Council, boosting its funding by 1300 percent and appointing artists to the council[8] and appointed more women and minorities to office than any other previous California Governor.[8] In 1977, he sponsored the “first-ever tax incentive for rooftop solar” among many environmental initiatives.[17] In 1975, Brown obtained the repeal of the “depletion allowance“, a tax break for the state’s oil industry, despite the efforts of lobbyist Joe Shell, a former intraparty rival to Richard M. Nixon.[18]

Like his father, Brown strongly opposed the death penalty and vetoed it as Governor, which the legislature overrode in 1977. He also appointed judges who opposed capital punishment. One of these appointments, Rose Bird as the Chief Justice of the California Supreme Court, was recalled by voters after a strong campaign financed by business interests upset by her “pro-labor” and “pro-free speech” rulings. The death penalty was only “a trumped-up excuse”[19] to use against her, even though the Bird Court consistently upheld the constitutionality of the death penalty.[20] In 1960, he lobbied his father, then Governor, to spare the life of Caryl Chessman and reportedly won a 60-day stay for him.[21][22]

Brown was both in favor of a Balanced Budget Amendment and opposed to Proposition 13, the latter of which would decrease property taxes and greatly reduce revenue to cities and counties.[23] When Proposition 13 passed in June 1978, he heavily cut state spending, and along with the Legislature, spent much of the $5 billion surplus to meet the proposition’s requirements and help offset the revenue losses which made cities, counties, and schools more dependent on the state.[12][23] His actions in response to the proposition earned him praise from Proposition 13 author Howard Jarvis who went as far to make a television commercial for Brown just before his successful reelection bid in 1978.[23][24] The controversial proposition immediately cut tax revenues and required a two-thirds supermajority to raise taxes.[25] Proposition 13 “effectively destroyed the funding base of local governments and school districts, which thereafter depended largely on Sacramento for their revenue”.[26] Max Neiman, a professor at the Institute of Government Studies at University of California, Berkeley, credited Brown for “bailing out local government and school districts” but felt it was harmful “because it made it easier for people to believe that Proposition 13 wasn’t harmful.”[17]

Second term

Brown won re-election in 1978 against Republican state Attorney General Evelle J. Younger. Brown appointed the first openly gay judge in the United States when he namedStephen Lachs to serve on the Los Angeles County Superior Court in 1979.[27] In 1981, he also appointed the first openly lesbian judge in the United States, Mary C. Morgan to the San Francisco Municipal Court.[28] Brown completed his second term having appointed a total of five gay judges, including Rand Schrader and Jerold Krieger.[29][30] Through his first term as Governor, Brown had not appointed any openly gay people to any position, but he cited the failed 1978 Briggs Initiative, which sought to ban homosexuals from working in California’s public schools, for his increased support of gay rights.[27]

In 1981, California Governor Jerry Brown, who had established a reputation as a strong environmentalist, was confronted with a serious medfly infestation in the San Francisco Bay Area. He was advised by the state’s agricultural industry, and the US Department of Agriculture’s Animal and Plant Health Inspection service (APHIS), to authorize airborne spraying of the region. Initially, in accordance with his environmental protection stance, he chose to authorize ground-level spraying only. Unfortunately, the infestation spread as the medfly reproductive cycle out-paced the spraying. After more than a month, millions of dollars of crops had been destroyed and billions of dollars more were threatened. Governor Brown then authorized a massive response to the infestation. Fleets of helicopters sprayed malathion at night, and the California National Guard set up highway checkpoints and collected many tons of local fruit; in the final stage of the campaign, entomologists released millions of sterile male medflies in an attempt to disrupt the insects’ reproductive cycle.

Ultimately the infestation was eradicated, but both the Governor’s delay and the scale of the action has remained controversial ever since. Some people claimed that malathion was toxic to humans, as well as insects. In response to such concerns, Brown’s chief of staff, B. T. Collins, staged a news conference during which he publicly drank a glass of malathion. Many people complained that, while the malathion may not have been very toxic to humans, the aerosol spray containing it was corrosive to car paint.

Brown proposed the establishment of a state space academy and the purchasing of a satellite that would be launched into orbit to provide emergency communications for the state—a proposal similar to one that was indeed eventually adopted. In 1979, an out-of-state columnist, Mike Royko, at the Chicago Sun-Times, picked up on the nickname from Brown’s girlfriend at the time, Linda Ronstadt, who was quoted in a 1978 Rolling Stone magazine interview humorously calling him “Moonbeam”.[31][32] A year later Royko expressed his regret for publicizing the nickname,[33] and in 1991 Royko disavowed it entirely, proclaiming Brown to be just as serious as any other politician.[34][35][36][37]

Brown chose not to run for a third term in 1982, and instead ran for the United States Senate, but lost to San Diego Mayor Pete Wilson. He was succeeded as Governor by George Deukmejian, then state Attorney General, on January 3, 1983.

Senate defeat and public life

In 1982, Brown chose not to seek a third term as governor, instead, Brown ran for the United States Senate for the seat being vacated by Republican S.I. Hayakawa. He was defeated by Republican San Diego Mayor Pete Wilson by a margin of 52% to 45%. After his Senate defeat, Brown was left with few political options.[38] Republican George Deukmejian, a Brown critic, narrowly won the governorship in 1982, succeeding Brown, and was reelected overwhelmingly in 1986. After his Senate defeat in 1982, many considered Brown’s political career to be over.[38]

Brown traveled to Japan to study Buddhism, studying with Christian/Zen practitioner Hugo Enomiya-Lassalle under Yamada Koun-roshi. In an interview he explained, “Since politics is based on illusions, zazen definitely provides new insights for a politician. I then come back into the world of California and politics, with critical distance from some of my more comfortable assumptions.”[39] He also visited Mother Teresa in Calcutta, India, where he ministered to the sick in one of her hospices.[40] He explained, “Politics is a power struggle to get to the top of the heap. Calcutta and Mother Teresa are about working with those who are at the bottom of the heap. And to see them as no different than yourself, and their needs as important as your needs. And you’re there to serve them, and doing that you are attaining as great a state of being as you can.”[39]

Upon his return from abroad in 1988, Brown announced that he would stand as a candidate to become chairman of the California Democratic Party, and won against investment banker Steve Westly.[41] Although Brown greatly expanded the party’s donor base and enlarged its coffers, with a focus on grassroots organizing and get out the vote drives, he was criticized for not spending enough money on TV ads, which was felt to have contributed to Democratic losses in several close races in 1990. In early 1991, Brown abruptly resigned his post and announced that he would run for the Senate seat held by the retiring Alan Cranston. Although Brown consistently led in the polls for both the nomination and the general election, he abandoned the campaign, deciding instead to run for the presidency for a third time.

In 1995, with Brown’s political career at a low point, in the motion picture Jade, the fictional Governor of California tells an assistant district attorney to drop a case, “unless you want as much of a future in this state as Jerry Brown.” The assistant DA responds “Who’s Jerry Brown?”

Presidential bids

1976

Brown first ran for the Democratic nomination for President in March 1976, after the primary season had begun, and over a year after some candidates had started campaigning. Brown declared, “The country is rich, but not so rich as we have been led to believe. The choice to do one thing may preclude another. In short, we are entering an era of limits.”[42][43]

Brown’s name began appearing on primary ballots in May and he won in MarylandNevada, and his home state of California.[44] He missed the deadline inOregon, but he ran as a write-in candidate and finished in third behind Jimmy Carter and Senator Frank Church of Idaho. Brown is often credited with winning the New Jersey and Rhode Island primaries, but in reality, uncommitted slates of delegates that Brown advocated in those states finished first. With support from Louisiana Governor Edwin Edwards, Brown won a majority of delegates at the Louisiana delegate selection convention; thus Louisiana was the only southern state to not support Southerners Carter or Alabama Governor George Wallace. Despite this success, he was unable to stall Carter’s momentum, and his rival was nominated on the first ballot at the 1976 Democratic National Convention. Brown finished third with roughly 300 delegate votes, narrowly behind Congressman Morris Udall and Carter.

1980

In 1980, Brown challenged Carter for renomination. His candidacy had been anticipated by the press ever since he won re-election as governor in 1978 over the Republican Evelle Younger by the largest margin in California history, 1.3 million votes. But Brown had trouble gaining traction in both fundraising and polling for the presidential nomination. This was widely believed to be the result of the more prominent candidate Senator Ted Kennedy of Massachusetts. Brown’s 1980 platform, which he declared to be the natural result of combining Buckminster Fuller‘s visions of the future and E. F. Schumacher‘s theory of “Buddhist economics“, was much expanded from 1976. His “era of limits” slogan was replaced by a promise to, in his words, “Protect the Earth, serve the people, and explore the universe.”

Three main planks of his platform were a call for a constitutional convention to ratify the Balanced Budget Amendment, a promise to increase funds for the space program as a “first step in bringing us toward a solar-powered space satellite to provide solar energy for this planet,”[45] and, in the wake of the 1979 Three Mile Island accident, opposition to nuclear power. On the subject of the 1979 energy crisis, Brown decried the “Faustian bargain” that he claimed Carter had entered into with the oil industry, and declared that he would greatly increase federal funding of research into solar power. He endorsed the idea of mandatory non-military national service for the nation’s youth, and suggested that the Defense Department cut back on support troops while beefing up the number of combat troops.

Brown opposed Kennedy’s call for universal national health insurance and opposed Carter’s call for an employer mandate to provide catastrophic private health insurance.[46] As an alternative, he suggested a program of tax credits for those who do not smoke or otherwise damage their health, saying: “Those who abuse their bodies should not abuse the rest of us by taking our tax dollars.”[46] Brown also called for expanding the use of acupuncture and midwifery.[46]

As his campaign began to attract more members of what some more conservative commentators described as “the fringe”, including activists like Jane FondaTom Hayden, andJesse Jackson, however his polling numbers began to suffer. Brown received only 10 percent of the vote in the New Hampshire primary, and he was soon forced to announce that his decision to remain in the race would depend on a good showing in the Wisconsin primary. Although he had polled well there throughout the primary season, an attempt to film a live speech in Madison, the state’s capital, into a special effects-filled, 30-minute commercial (produced and directed by Francis Ford Coppola) was disastrous.[47]

1992

When Brown announced his intention to run for president against President George H.W. Bush, many in the media and his own party dismissed his campaign as having little chance of gaining significant support. Ignoring them, Brown embarked on a grassroots campaign to, in his own words, “take back America from the confederacy of corruption,careerism, and campaign consulting in Washington”.[48] In his stump speech, first used while officially announcing his candidacy on the steps of Independence Hall in Philadelphia, Pennsylvania, Brown told listeners that he would only be accepting campaign contributions from individuals and that he would not accept over $100.[49] Continuing with his populistreform theme, he assailed what he dubbed “the bipartisan Incumbent Party in Washington” and called for term limits for members of Congress. Citing various recent scandals onCapitol Hill, particularly the recent House banking scandal and the large congressional pay-raises from 1990, he promised to put an end to Congress being a “Stop-and-Shop for the moneyed special interests“.

As Brown campaigned in various primary states, he would eventually expand his platform beyond a policy of strict campaign finance reform. Although he focused on a variety of issues throughout the campaign, he highlighted his endorsement of living wage laws and opposition to free trade agreements such as NAFTA; he mostly concentrated on his tax policy, which had been created specifically for him by Arthur Laffer, the famous supporter of supply-side economics who created the Laffer curve. This plan, which called for the replacement of the progressive income tax with a flat tax and a value added tax, both at a fixed 13 percent rate, was decried by his opponents as regressive. Nevertheless, it was endorsed by The New York TimesThe New Republic, and Forbes, and its raising of taxes on corporations and elimination of various loopholes which tended to favor the very wealthy, proved to be popular with voters. This was, perhaps, not surprising, as various opinion polls taken at the time found that as many as three-quarters of all Americans believed the current tax code to be unfairly biased toward the wealthy. He “seemed to be the most left-wing and right-wing man in the field… [calling] for term limits, a flat tax, and the abolition of the Department of Education.”[50] Brown scored surprising wins in Connecticut and Colorado and seemed poised to overtake Clinton.

Due to his limited budget, Brown began to use a mixture of alternative media and unusual fund raising techniques. Unable to pay for actual commercials, he used frequent cable television and talk radio interviews as a form of free media to get his message to voters. In order to raise funds, he purchased a toll-free telephone number, which adorned all of his campaign stances.[51] During the campaign, Brown’s repetition of this number combined with the moralistic language used, led some to describe him as a “political televangelist” with an “anti-politics gospel”.[52]

Despite poor showings in the Iowa caucus (1.6%) and the New Hampshire primary (8%), Brown soon managed to win narrow victories in MaineColoradoNevadaAlaska, andVermont, but he continued to be considered a small threat for much of the campaign. It was not until shortly after Super Tuesday, when the field had been narrowed to Brown, former Senator Paul Tsongas of Massachusetts, and frontrunner Governor Bill Clinton of Arkansas, that Brown began to emerge as a major contender in the eyes of the press. On March 17, Brown forced Tsongas from the race when he received a strong third-place showing in the Illinois primary and then defeated the senator for second place in the Michigan primary by a wide margin. Exactly one week later, he cemented his position as a major threat to Clinton when he eked out a narrow win in the bitterly-fought Connecticut primary. As the press focused on the primaries in New York and Wisconsin, which were both to be held on the same day, Brown, who had taken the lead in polls in both states, made a gaffe: he announced to an audience of various leaders of New York City’s Jewish community that, if nominated, he would consider the Reverend Jesse Jackson as a vice-presidential candidate.[53] Jackson, who had made a pair of anti-semitic comments about Jews in general and New York City’s Jews in particular while running for president in 1984, was still despised in Jewish communities. Jackson also had ties to Louis Farrakhan, who said Judaism was a “gutter religion,” and with Yasir Arafat, the chairman of the Palestine Liberation Organization.[53] Brown’s polling numbers suffered. On April 7, he lost narrowly to Bill Clinton in Wisconsin (37%–34%), and dramatically in New York (41%–26%).

Although Brown continued to campaign in a number of states, he won no further primaries. Although overwhelmingly outspent, Brown won upset victories in seven states and his votes won to money raised ratio was by far the best of any candidate in the race.[54] He still had a sizable number of delegates, and a big win in his home state of California would deprive Clinton of sufficient support to win the Democratic nomination, possibly bringing about a brokered convention. After nearly a month of intense campaigning and multiple debates between the two candidates, Clinton managed to defeat Brown in this final primary by a margin of 48% to 41%. Although Brown did not win the nomination, he was able to boast of one accomplishment: At the following month’s Democratic National Convention, he received the votes of 596 delegates on the first ballot, more than any other candidate but Clinton. He spoke at the convention, and to the national viewing audience, yet without endorsing Clinton, through the device of seconding his own nomination. There was animosity between the Brown and Clinton campaigns, and Brown was the first political figure to criticize Bill Clinton over what became the Whitewater controversy.[51]

Mayor of Oakland (1999–2007)

Mayor Jerry Brown (left) with U.S. Senator Dianne Feinstein (middle) and San Francisco Supervisor Gavin Newsom (right).

What would become Brown’s re-emergence into politics after six years was in Oakland, California, an “overwhelmingly minority city of 400,000.”[55] Brown ran as an independent “having left the Democratic Party, blasting what he called the ‘deeply corrupted’ two-party system.”[55] Prior to taking office, Brown campaigned to get the approval of the electorate to convert Oakland’s weak mayor political structure, which structured the mayor as chairman of the city council and official greeter, to a strong mayor structure, where the mayor would act as chief executive over the nonpolitical city manager and thus the various city departments, and break tie votes on the Oakland City Council.[55] He won with 59% of the vote in a field of ten candidates.[55] The political left had hoped for some of the more progressive politics from Brown’s earlier governorship, but found Brown “more pragmatic than progressive, more interested in downtown redevelopment and economic growth than political ideology”.[56]

The city was rapidly losing residents and businesses, and Brown is credited with starting the revitalization of the city using his connections and experience to lessen the economic downturn, while attracting $1 billion of investments, including refurbishing the Fox Theatre, the Port of Oakland, and Jack London Square.[55] The downtown district was losing retailers, restaurateurs and residential developers, and Brown sought to attract thousands of new residents with disposable income to revitalize the area.[57] Brown continued his predecessor Elihu Harris‘s public policy of supporting downtown housing development in the area defined as the Central Business District in Oakland’s 1998 General Plan.[58] Since Brown worked toward the stated goal of bringing an additional 10,000 residents to Downtown Oakland, his plan was known as “10K.” It has resulted in redevelopment projects in the Jack London District, where Brown purchased and later sold an industrial warehouse which he used as a personal residence,[55] and in the Lakeside Apartments District near Lake Merritt. The 10k plan has touched the historic Old Oakland district, the Chinatown district, the Uptown district, andDowntown. Brown surpassed the stated goal of attracting 10,000 residents according to city records, and built more affordable housing than previous mayoral administrations.[57]

Brown had campaigned on fixing Oakland’s schools, but “bureaucratic battles” dampened his efforts. He concedes he never had control of the schools, and his reform efforts were “largely a bust”.[55] He focused instead on the creation of two charter schools, the Oakland School for the Arts and the Oakland Military Institute.[55] Another area of disappointment was overall crime. Brown sponsored nearly two dozen crime initiatives to reduce the crime rate,[59] although crime decreased by 13 percent overall, the city still suffered a “57 percent spike in homicides his final year in office, to 148 overall”.[55]

Attorney General of California (2007–2011)

Brown in 2009

In 2004, Brown expressed interest to be a candidate for the Democratic nomination for Attorney General of California in the 2006 election, and in May 2004, he formally filed to run. He defeated his Democratic primary opponent Los Angeles City Attorney Rocky Delgadillo 63% to 37%. In the general election, Brown defeated Republican State Senator Charles Poochigian 56.3% to 38.2%, one of the largest margins of victory in any statewide California race.[60] In the final weeks leading up to Election Day, Brown’s eligibility to run for Attorney General was challenged in what Brown called a “political stunt by a Republican office seeker” (Contra Costa County Republican Central Committee chairman and state GOP vice-chair candidateTom Del Beccaro). Plaintiffs claimed Brown did not meet eligibility according to California Government Code §12503, “No person shall be eligible to the office of Attorney General unless he shall have been admitted to practice before the Supreme Court of the state for a period of at least five years immediately preceding his election or appointment to such office.” Legal analysts called the lawsuit frivolous because Brown was admitted to practice law in the State of California on June 14, 1965, and had been so admitted to practice ever since. Although ineligible to practice law because of his voluntary inactive status in the State Bar of California from January 1, 1997 to May 1, 2003, he was nevertheless still admitted to practice. Because of this difference the case was eventually thrown out.[61][62]

As Attorney General, Brown represented the state in fighting death penalty appeals and stated that he would follow the law, regardless of his personal beliefs against capital punishment. Capital punishment by lethal injection was halted in California by federal judge Jeremy D. Fogel until new facilities and procedures were put into place.[63] Brown moved to resume capital punishment in 2010 with the execution of Albert Greenwood Brown after the lifting of a statewide moratoriumby a California court.[64] Brown’s Democratic campaign, which pledged to “enforce the laws” of California, denied any connection between the case and the gubernatorial election. Prosecutor Rod Pacheco, who supported Republican opponent Meg Whitman, said that it would be unfair to accuse Jerry Brown of using the execution for political gain as they never discussed the case.[65]

In June 2008, Brown filed a fraud lawsuit claiming mortgage lender Countrywide Financial engaged in “unfair and deceptive” practices to get homeowners to apply for risky mortgages far beyond their means.”[66][67] Brown accused the lender of breaking the state’s laws against false advertising and unfair business practices, the lawsuit also claimed the defendant misled many consumers by misinforming them about the workings of certain mortgages such adjustable-rate mortgages, interest-only loans, low-documentation loans and home-equity loans while telling borrowers they would be able to refinance before the interest rate on their loans adjusted.[68] The suit was settled in October 2008 after Bank of America acquired Countrywide. The settlement involved the modifying of troubled ‘predatory loans’ up to $8.4 billion.[69]

Proposition 8, a contentious voter-approved amendment to the state constitution that banned same-sex marriage was upheld in May 2009 by the California Supreme Court.[70][71] In August 2010, the U.S. District Court for the Northern District of California ruled that Proposition 8 violated the Due Process and the Equal Protection clauses of the Fourteenth Amendment to the United States Constitution.[72] Brown and then Republican Governor Arnold Schwarzenegger both declined to appeal the ruling.[73] The state appeals court declined to order the men to defend the proposition and scheduled a hearing in early December to see if there is “legal standing to appeal Walker’s ruling.”[74]

Governor of California (2011–present)

Third term

Brown at an campaign rally in Sacramento two days before the election

Brown announced his candidacy for governor on March 2, 2010.[75] First indicating his interest in early 2008, Brown formed an exploratory committee in order to seek a third term as governor in 2010, following the expiration of Governor Arnold Schwarzenegger‘s term.[76][77]

Brown’s Republican opponent in the election was former eBay president Meg Whitman. Brown was endorsed by the Los Angeles Times,[78] The Sacramento Bee,[79] the San Francisco Chronicle,[80] the San Jose Mercury News,[81] and theService Employees International Union.[82] Brown won the race 53.8% to Whitman’s 40.9%.

Brown was sworn in for his third term as governor on January 3, 2011, succeeding Republican Arnold Schwarzenegger. He will be up for re-election in 2014. Brown is working on a budget that would shift many government programs from the state to the local level, a reversal of trends from his first tenure as governor.[83]

On June 28, 2012, Governor Brown signed a budget that made deep cuts to social services with the assumption that voters would pass $8 billion in tax hikes in November 2012 to close California’s $15.7-billion budget deficit. “This budget reflects tough choices that will help get California back on track,” Governor Brown said in a statement.[84]

When asked by writer Marc Collins, in an article from Pacific Standard magazine on August 12, 2012, what the state needs to get back on track even if his initiative passes, Governor Brown remarked: “We need budget cuts. We need the continued growth of the economy for a long period of time. We’re suffering from the mortgage meltdown that killed 600,000 jobs in the construction industry. … We’re recovering from a national recession slowly—over 300,000 jobs [gained] since the recession. We’ve got a million to go. That needs to continue, but that depends not only on Barack Obama and the Congress and the Federal Reserve, but also on [German Chancellor Angela] Merkel, China, the European Union, and the self-organizing quality of the world economy. We need all that, which we don’t have control over. What we do have control over is managing affairs to win public regard and confidence, and technically we need to make these hard cuts that Democrats don’t want to make, but a gimmicky sort of budget won’t lend itself to voters passing new taxes.”[85]

In September 2012, Brown signed legislation sponsored by California State Senator Ted Lieu that prohibits protesters at funerals within 300 feet, with convicted violators punishable with fines and jail time; the legislation was in response to protests conducted by the Westboro Baptist Church.[86]

In the November 2012 general elections, voters approved Brown’s proposed tax increases in the form of Proposition 30. Prop 30 raised the state personal income tax increase over seven years for California residents with an annual income over US$250,000 and increased in the state sales tax by 0.25 percent over four years. It allowed the state to avoid nearly $6 billion in cuts to public education.[87]

Electoral history

Personal life

Anne Gust, Brown’s wife and the First Lady of California

A bachelor as governor and mayor, Brown attracted attention for dating high-profile women, the most notable of whom was singer Linda Ronstadt.[88] In March 2005, Brown announced his engagement to his girlfriend since 1990, Anne Gust, former chief administrative officer for The Gap.[89] They were married on June 18 in a ceremony officiated by Senator Dianne Feinstein in the Rotunda Building in downtown Oakland. They had a second, religious ceremony later in the day in the Roman Catholic church in San Francisco where Brown’s parents had been married. Brown and Gust live in the Oakland Hills in a home purchased for $1.8 million, as reported by The Huffington Post.[90]

Beginning in 1995, Brown hosted a daily call-in talk show on the local Pacifica Radio station, KPFA-FM, in Berkeley broadcast to major US markets.[39] Both the radio program and Brown’s political action organization, based in Oakland, were called We the People.[39] His programs, usually featuring invited guests, generally explored alternative views on a wide range of social and political issues, from education and health care to spirituality and the death penalty.[39]

The official gubernatorial portrait of Jerry Brown, commemorating his first period as Governor of California was painted by Don Bachardyand unveiled in 1984. The painting has long been controversial due to its departure from the traditional norms of portraiture.[91]

Brown has a long-term friendship with Jacques Barzaghi, his aide-de-camp, whom he met in the early 1970s and put on his payroll. Author Roger Rapaport wrote in his 1982 Brown biography California Dreaming: The Political Odyssey of Pat & Jerry Brown, “this combination clerk, chauffeur, fashion consultant, decorator and trusted friend had no discernible powers. Yet late at night, after everyone had gone home to their families and TV consoles, it was Jacques who lingered in the Secretary (of state’s) office.” Barzaghi and his sixth wife Aisha lived with Brown in the warehouse in Jack London Square; Barzaghi was brought into Oakland city government upon Brown’s election as mayor, where Barzaghi first acted as the mayor’s armed bodyguard. Brown later rewarded Barzaghi with high-paying city jobs, including Arts Director[citation needed]. Brown dismissed Barzaghi in July 2004.[92]

In April 2011 Brown had surgery to remove a basal-cell carcinoma from the right side of his nose.[93] It was announced in December 2012 that Brown was being treated for early stage (the precise stage and grade was not stated) localized prostate cancer with a very good prognosis.[94]

http://en.wikipedia.org/wiki/Jerry_Brown

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The Pronk Pops Show Podcasts

Pronk Pops Show 216: February 21, 2014

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Pronk Pops Show 214: February 19, 2014

Pronk Pops Show 213: February 18, 2014

Pronk Pops Show 212: February 17, 2014

Pronk Pops Show 211: February 14, 2014 

Pronk Pops Show 210: February 13, 2014

Pronk Pops Show 209: February 12, 2014

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Pronk Pops Show 205: February 5, 2014

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Pronk Pops Show 202: January 31, 2014

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Pronk Pops Show 200: January 29, 2014

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Pronk Pops Show 198: January 27, 2014

Pronk Pops Show 197: January 24, 2014

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Pronk Pops Show 194: January 17, 2014

Pronk Pops Show 193: January 16, 2014

Pronk Pops Show 192: January 14, 2014

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Pronk Pops Show 190: January 10, 2014

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Pronk Pops Show 185: January 3, 2014

Pronk Pops Show 184: December 19, 2013

Pronk Pops Show 183: December 17, 2013

Pronk Pops Show 182: December 16, 2013

Pronk Pops Show 181: December 13, 2013

Pronk Pops Show 180: December 12, 2013

Pronk Pops Show 179: December 11, 2013

Pronk Pops Show 178: December 5, 2013

Pronk Pops Show 177: December 2, 2013

Pronk Pops Show 176: November 27, 2013

Pronk Pops Show 175: November 26, 2013

Pronk Pops Show 174: November 25, 2013

Pronk Pops Show 173: November 22, 2013

Pronk Pops Show 172: November 21, 2013

Pronk Pops Show 171: November 20, 2013

Pronk Pops Show 170: November 19, 2013

Pronk Pops Show 169: November 18, 2013

Pronk Pops Show 168: November 15, 2013

Pronk Pops Show 167: November 14, 2013

Pronk Pops Show 166: November 13, 2013

Pronk Pops Show 165: November 12, 2013

Pronk Pops Show 164: November 11, 2013

Pronk Pops Show 163: November 8, 2013

Pronk Pops Show 162: November 7, 2013

Pronk Pops Show 161: November 4, 2013

Pronk Pops Show 160: November 1, 2013

The Pronk Pops Show Podcasts Portfolio

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Story 1: Obama’s Era of Austerity is Over — Let The Big Spending Beginning — President Is Delusional Suffers From Spending Addiction Disorder (SAD) — Videos

 Congressional Budget Office’s newest reports

45086-land-Figure1

In the past few years, debt held by the public has been significantly greater relative to GDP than at any time since just after World War II, and under current law it will continue to be quite high by historical standards during the next decade. With debt so large, federal spending on interest payments will increase substantially as interest rates rise to more typical levels. Moreover, because federal borrowing generally reduces national saving, the capital stock and wages will be smaller than if debt was lower. In addition, lawmakers would have less flexibility than they otherwise would to use tax and spending policies to respond to unanticipated challenges. Finally, such a large debt poses a greater risk of precipitating a fiscal crisis, during which investors would lose so much confidence in the government’s ability to manage its budget that the government would be unable to borrow at affordable rates.

http://cbo.gov/publication/45086

Federal Budget Deficits Are Projected to Decline Through 2015 but Rise Thereafter, Further Boosting Federal Debt

posted by Barry Blom & Leigh Angres on february 20, 2014

CBO recently released The Budget and Economic Outlook: 2014 to 2024. In that report, CBO projects that if current laws remain in place, the federal budget deficit will total $514 billion in fiscal year 2014. That deficit will be $166 billion smaller than the figure posted in 2013 and down sharply from the shortfalls recorded between 2009 and 2012, which exceeded $1 trillion annually. At 3.0 percent of gross domestic product (GDP), this year’s deficit would be near the average experienced over the past 40 years and about 7 percentage points lower than the figure recorded in 2009.

Today’s post summarizes CBO’s assessment of the budget outlook over the next decade. Three more posts—to appear over the next several days—will provide more detail about the outlook for spending, revenues, and the economy. One more post will expand upon CBO’s economic forecast, explaining the reasons behind the slow recovery of the labor market.

Under Current Law, Federal Debt Will Grow to 79 Percent of GDP at the End of 2024, CBO Estimates

CBO constructs it baseline projections of federal revenues and spending over the coming decade under the assumption that current laws generally remain unchanged. Under that assumption, revenues are projected to grow by about 1 percentage point of GDP over the next 10 years—from 17.5 percent in 2014 to 18.4 percent in 2024. But outlays are projected to rise twice as much, from 20.5 percent of GDP in 2014 to 22.4 percent in 2024. The increase in outlays reflects substantial growth in the cost of the largest benefit programs—Social Security, Medicare, and Medicaid—and in payments of interest on the government’s debt; those increases would more than offset a significant decline in discretionary spending relative to the size of the economy.

Although the deficit in CBO’s baseline projections continues to decline as a percentage of GDP in 2015, to 2.6 percent, it then starts to increase again in 2016, reaching 4.0 percent of GDP in 2024. That figure for the end of the 10-year projection period is roughly 1 percentage point above the average deficit over the past 40 years relative to the size of the economy.

That pattern of lower deficits initially, followed by higher deficits for the remainder of the projection period, would cause debt held by the public to follow a similar trajectory (see the figure below). Relative to the nation’s output, debt held by the public is projected to decline from 74 percent of GDP in 2014 to 72 percent of GDP in 2017, but to rise thereafter, to 79 percent of GDP at the end of 2024. (As recently as the end of 2007, debt held by the public was equal to 35 percent of GDP.)

Federal Debt Held by the Public

In the past few years, debt held by the public has been significantly greater relative to GDP than at any time since just after World War II, and under current law it will continue to be quite high by historical standards during the next decade. With debt so large, federal spending on interest payments will increase substantially as interest rates rise to more typical levels. Moreover, because federal borrowing generally reduces national saving, the capital stock and wages will be smaller than if debt was lower. In addition, lawmakers would have less flexibility than they otherwise would to use tax and spending policies to respond to unanticipated challenges. Finally, such a large debt poses a greater risk of precipitating a fiscal crisis, during which investors would lose so much confidence in the government’s ability to manage its budget that the government would be unable to borrow at affordable rates. (For a discussion of the consequences of elevated debt, see CBO’s December 2013 report Choices for Deficit Reduction: An Update.)

Projected Deficits Reflect Substantial Growth in the Cost of the Largest Benefit Programs

Projected deficits and debt for the coming decade reflect some of the long-term budgetary pressures facing the nation. The aging of the population, the rising costs of health care, and the expansion in federal subsidies for health insurance that is now under way will substantially boost federal spending on Social Security and the government’s major health care programs by 2 percentage points of GDP over the next 10 years (see the figure below). But the pressures of aging and the rising costs of health care will intensify during the next few decades. Unless the laws governing those programs are changed—or the increased spending is accompanied by corresponding reductions in other spending relative to GDP, by sufficiently higher tax revenues, or by a combination of those changes—debt will rise sharply relative to GDP after 2024. (For a more detailed discussion of the long-term budget situation, see CBO’s September 2013 report The 2013 Long-Term Budget Outlook.)

Spending and Revenues Projected in CBO's Baseline, Compared With Levels in 1974

Moreover, holding discretionary spending within the limits required under current law—an assumption that underlies these projections—may be quite difficult. The caps on discretionary budget authority established by the Budget Control Act of 2011 (Public Law 112-25) and subsequently amended will reduce such spending to an unusually small amount relative to the size of the economy. With those caps in place, CBO projects, discretionary spending will equal 5.2 percent of GDP in 2024; by comparison, the lowest share for discretionary spending in any year since 1962 (the earliest year for which such data have been reported) was 6.0 percent in 1999. (Nevertheless, total federal spending would be a larger share of GDP than its average during the past 40 years because of higher spending on Social Security, Medicare, Medicaid, other health insurance subsidies for low-income people, and interest payments on the debt.) Because the allocation of discretionary spending is determined by annual appropriation acts, lawmakers have not yet decided which specific government services and benefits will be reduced or constrained to meet the specified overall limits.

The Budget Outlook for the Coming Decade Has Worsened Since May 2013

The baseline budget outlook has worsened since May 2013, when CBO last published its 10-year projections. A description of the changes in CBO’s baseline since May 2013 can be found in Appendix A of the report. At that time, deficits projected under current law totaled $6.3 trillion for the 2014–2023 period, or about 3 percent of GDP. Deficits are now projected to be about $1 trillion larger. The bulk of that change occurred in CBO’s estimates of revenues: The agency has reduced its projection of total revenues by $1.6 trillion, mostly because of changes in the economic outlook. A decrease of $0.6 trillion in projected outlays through 2023 partially offset that change.

Barry Blom is an analyst in CBO’s Budget Analysis Division and Leigh Angres is special assistant to the CBO Director.

how_congress_spends_your_money

Bar Chart Data Source: Monthly Treasury Statement (MTS) published by the U. S. Treasury Department. WE DON’T MAKE THIS UP! IT COMES FROM THE U. S. GOVERNMENT! NO ADJUSTMENTS.

The MTS published in October, reports the final actual expenditures for the previous FY. This chart shows FY2013 actual spending data. Here is the link to download your own copy from the Treasury Department web site.

The chart normally shows the proposed budget line for the next fiscal year (FY2014 started 1 October 2013), but the two-year deal for 2014-2015 signed in December 2013, has so few details that showing a “budget” for 2014 or 2015 is no possible. And now Congress has passed the Appropriations (spending) bill that funds the budget through end of FY2014. The details are in a 1500+ page bill that no one in Congress read. But you CAN read it. Here it is H.R.3547 – Consolidated Appropriations Act, 2014. (it’s a large pdf document … give it time.)

But we may have an option; we will use the historical tables published by the OMB, about mid-FY2014, take the data from the “estimated” 2014 column. Look for it later.

The Congressional Budget Office reported on the Federal Debt and the Risk of a Financial Crisis in this report on the non-budget.

Look at the bar chart to find items that are growing and items that are being reduced. The largest growth is at the Department of Agriculture; it handles Food Stamps (SNAP). You pay taxes, your money is paying for food stamps.

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Here is a MUST SEE … The Budget in Pictures!

NDAC studies the Budget Proposals submitted to the U.S. Senate each year by the President of the United States and the House of Representatives. One of the documents that goes along with the budget proposals, “Historical Tables“, is published by the Office of Management and Budget (OMB). Our analysis is discussed on the home page of this web site.

http://www.federalbudget.com/chartinfo.html

Out-of-Control Spending Is to Blame for America’s Deficit Problem

Federal spending is projected to grow at a rapid pace beyond the 10-year budget window. Without reforms, spending on interest on the debt, health care programs (Medicare, Medicaid, Obamacare, etc.), and Social Security will reach unsustainable levels. As a result, these spending levels will cause exploding deficits as tax revenues will be at their modern average level (1952-2008).

americas-deficit-federal-spending-680

Where Does All the Money Go?

In 2012, the major entitlement programs-Social Security, Medicare, Medicaid, and other health care-consumed 45 percent of all federal spending. These programs, and interest on the debt, are on track to consume an even greater share of spending in future years, while the portion of federal spending dedicated to other national priorities will decline.

SHARE OF FEDERAL SPENDING IN 2012

where-did-your-tax-dollar-go-680

Entitlement Program Spending Is Massive

Annual spending on Social Security, Medicare, Medicaid, and other health programs is massive compared to other federal spending priorities. There is too much waste and inappropriate spending in the discretionary budget as well, but Congress will not be able to rein in spending and debt without reforming the entitlement programs.

ESTIMATED ANNUAL SPENDING IN 2014

spending-cuts-680

Publicly Held Debt Set to Skyrocket

Runaway spending on Medicare, Medicaid, and Social Security will drive federal debt to unsustainable levels over the next few decades. Total national debt comprises publicly held debt (the most relevant to credit markets) and debt that one part of the government owes to another, such as the Social Security Trust Fund.

national-debt-skyrocket-680

All Tax Revenue Will Go Toward Entitlements and Net Interest by 2030

In less than two decades, all projected tax revenues would be consumed by three federal programs (Medicare, Social Security, and Medicaid, which includes CHIP and Obamacare) and interest on the debt. Entitlement reform is a must.

entitlements-historical-tax-levels-680

What if a Typical Family Spent and Borrowed Like the Federal Government?

Families understand that it is unwise to repeatedly spend much more than they take in. But Washington continues its shopping spree on the taxpayer credit card with seemingly no regard to the stack of bills the nation has already piled up.

typical-family-spent-like-government-680

debt-limit-by-president-680

The Beatles – Taxman

How Obama could kill the Democratic Party

The Price of a U.S. Credit Rating Downgrade

U.S. deficit to decline, then rise as labor market struggles: CBO

Top 10 MILITARY BUDGETS

America : DHS preparing for possible Riots / Martial Law on Nov 1st over Food Stamps

With 2015 budget request, Obama will call for an end to era of austerity

By Zachary A. Goldfarb

President Obama’s forthcoming budget request will seek tens of billions of dollars in fresh spending for domestic priorities while abandoning a compromise proposal to tame the national debt in part by trimming Social Security benefits.

With the 2015 budget request, Obama will call for an end to the era of austerity that has dogged much of his presidency and to his efforts to find common ground with Republicans. Instead, the president will focus on pumping new cash into job training, early-childhood education and other programs aimed at bolstering the middle class, providing Democrats with a policy blueprint heading into the midterm elections.

As part of that strategy, Obama will jettison the framework he unveiled last year for a so-called grand bargain that would have raised taxes on the rich and reined in skyrocketing retirement spending. A centerpiece of that framework was a proposal — demanded by GOP leaders — to use a less-generous measure of inflation to calculate Social Security benefits.

The idea infuriated Democrats and never gained much traction with rank-and-file Republicans, who also were unwilling to contemplate tax increases of any kind. On Thursday, administration officials said that the grand-bargain framework remains on the table but that it was time to move on.

“Over the course of last year, Republicans consistently showed a lack of willingness to negotiate on a deficit-reduction deal, refusing to identify even one unfair tax loophole they would be willing to close,” said a White House official, speaking on the condition of anonymity to describe the budget before its official release. “That is not going to stop the president from promoting new policies that should be part of our public debate.”

Republicans said emerging details of the president’s budget prove he was never serious about addressing the nation’s long-term debt problems.

“This reaffirms what has become all too apparent: the president has no interest in doing anything, even modest, to address our looming debt crisis,” Brendan Buck, a spokesman for House Speaker John A. Boehner (R-Ohio), said in a statement. “The one and only idea the president has to offer is even more job-destroying tax hikes, and that non-starter won’t do anything to save the entitlement programs that are critical to so many Americans.”

The new budget request, due out March 4, comes during a relative lull in Washington’s lengthy budget wars. Late last year, Congress approved a two-year spending plan negotiated by the chairmen of the House and Senate Budget committees, Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.), that would ease automatic cuts, known as the sequester, that were eating away at agency spending. And this month, Congress agreed to forgo another battle over the federal debt limit, voting to suspend its enforcement until March 2015.

The lack of conflict is due in part to the collapse of the deficit as a political issue. While annual budget deficits remain high by historical standards, they have shrunken rapidly over the past few years as the economy recovered and Congress acted to cut spending.

The latest estimates from the nonpartisan Congressional Budget Office show the deficit falling to$514 billion this year and to $478 billion in fiscal 2015 — well below the trillion-dollar deficits the nation racked up during the recession and immediately afterward. But the CBO warned that deficits would start to grow again in a few years.

n recognition of that fact, Obama would retain some parts of his grand-bargain framework, including a proposal to require wealthy seniors to pay more for Medicare benefits than they do now. White House officials said the president continues to believe that entitlement programs such as Medicare and Social Security must be reformed to be sustainable.

Meanwhile, Obama would fully pay for proposed new spending in his budget request, administration officials said, including $56 billion for what they called “Opportunity, Growth and Security Initiative.” The package, which would be split between domestic programs and defense, will include fresh cash for 45 new manufacturing institutes; a “Race to the Top” for states that promote energy efficiency; new job training programs and apprenticeships; and expanded educational programs for pre­schoolers.

White House officials declined to say Thursday how they would fund the initiative. But Obama has in the past proposed limiting the value of income-tax deductions for wealthy households and closing a variety of corporate tax breaks.

A senior administration official said the budget would also propose new corporate tax rules aimed at preventing companies from moving profits overseas to avoid U.S. taxes. For instance, the rules will seek to limit a company’s ability to borrow domestically — and take large tax deductions on the interest — and then invest the money overseas.

Prohibiting corporations from gaming the tax code has been a popular issue among Senate Democrats and would help emphasize bread-and-butter themes in a year when Democrats will also be focusing on raising the minimum wage and other populist measures.

“President Obama’s budget will be a powerful statement of Democratic principles,” Senate Majority Leader Harry M. Reid (D-Nev.) said in a statement.

Senior administration officials said they decided to chart a more partisan, aspirational path after Republicans failed to respond to the olive branch offered last year. Then, after two years of near-misses on the budget in negotiations with Boehner, Obama still believed a deal was possible.

Now, they said, the president is not so optimistic. And he believes it is up to Republicans to make the next move.

At the same time, the nation’s debt problem has become markedly less urgent, they said, leading the president to back away from the most controversial part of his debt-reduction framework — the proposal to adopt a new measure of inflation known as the chained consumer price index, or chained CPI.

Although other cost-cutting proposals could yet cause tensions within his party, Obama’s decision not to include chained CPI in his budget request immediately won praise from Democrats.

“I applaud President Obama for his important decision to protect Social Security,” Sen. Bernard Sanders, the liberal independent from Vermont, said in a statement. “With the middle class struggling and more people living in poverty than ever before, we cannot afford to make life even more difficult for seniors and some of the most vulnerable people in America.”

Officials said Obama’s budget request will include other nuggets of note. For example, it assumes that an overhaul of the nation’s immigration laws will pass Congress despite deep divisions in Republican ranks. It also assumes that a sharp, but somewhat mysterious slowdown in health-care spending will continue throughout the next decade.

As a result, the White House projects that annual budget deficits will fall below 2 percent of gross domestic product by the end of the decade. That outlook is much rosier than CBO projections, which show the deficit rising to 4 percent of GDP in 2024.

http://www.washingtonpost.com/business/economy/with-2015-budget-request-obama-will-call-for-an-end-to-era-of-austerity/2014/02/20/332808c2-9a6e-11e3-b931-0204122c514b_story.html

Obama’s “End of Austerity” Budget Is Incoherent

Kevin Glass

President Obama’s legally-required but constantly-delayed official budget request to Congress will be on Capitol Hill soon. The Washington Post reportsthat “Obama will call for an end to the era of austerity that has dogged much of his presidency.” There is much wrong with this worldview.

The only coherent way in which “austerity” has defined much of President Obama’s presidency is one in which America faced a once-in-a-generation economic crisis that President Obama himself responded to by massively ramping up federal spending over the course of his first few years in office. That increase in federal spending was combined with below-average tax revenue to create massive budget deficits that everyone, including President Obama, agreed were a problem.

In accordance with the general principles of Keynesian economics, Barack Obama enacted policies that cut the deficit as we continue to climb back out of the 2008 recession. Now, though, President Obama thinks the deficit is no longer a problem – so it’s time to increase it.

If I were a self-absorbed “fact checker” I’d rate this claim half-true. We’ve largely tamed the medium-term deficit through a mixture of tax hikes and spending cuts. Taming the deficit doesn’t mean that it won’t be a problem in the future – and indeed, the Congressional Budget Office’s newest reports confirm that the deficit should still rate highly on the problems that policymakers should be looking to solve.

The CBO’s long-term budget report finds that the deficit will dip in 2014 and 2015 but then will start rising – and will never stop due to our increasing health and retirement obligations. The CBO reports on why that’s bad:

In the past few years, debt held by the public has been significantly greater relative to GDP than at any time since just after World War II, and under current law it will continue to be quite high by historical standards during the next decade. With debt so large, federal spending on interest payments will increase substantially as interest rates rise to more typical levels. Moreover, because federal borrowing generally reduces national saving, the capital stock and wages will be smaller than if debt was lower. In addition, lawmakers would have less flexibility than they otherwise would to use tax and spending policies to respond to unanticipated challenges. Finally, such a large debt poses a greater risk of precipitating a fiscal crisis, during which investors would lose so much confidence in the government’s ability to manage its budget that the government would be unable to borrow at affordable rates.

It’s absurd that anyone would need to have a refresher on this, but apparently it’s needed: more debt is worse than less debt!

The CBO also confirms what has become even more apparent in the wake of Obamacare: the federal government is becoming less of a traditional government and more of a social insurance state, as more and more spending will go toward health and retirement entitlements, as well as the mere cost of servicing debt:

As Jonathan Chait points out, as a practical political reality, fighting the rise of our retirement obligations has about a ten-year lag time. It’s impractical to change the structure of retirement benefits – both Social Security and Medicare – for current and near-future beneficiaries. We need to get started on reforms now.

President Obama may want to put an end to the “era of austerity,” but it’s an era that he explicitly pushed for through his rhetoric, his desire for tax hikes and his compromises on spending cuts. The medium-term deficit might be under control, but that doesn’t mean fighting future deficits should no longer be a priority for policymakers.

http://townhall.com/tipsheet/kevinglass/2014/02/21/obamas-end-of-austerity-budget-is-incoherent-n1798636

Obama budget declares end to … austerity?

Say, did you know that we are living in the age of austerity budgets in Washington? This year’s budget will spend more than last year’s $3.44 trillion, but not as much as Barack Obama requested for FY2014, which was an apparently austere $3.778 trillion. Nevertheless, the Washington Post reports that a newly-emboldened President will demandan end to an “era of austerity” that we haven’t seen in decades with his new FY2015 budget proposal:

President Obama’s forthcoming budget request will seek tens of billions of dollars in fresh spending for domestic priorities while abandoning a compromise proposal to tame the national debt in part by trimming Social Security benefits.

With the 2015 budget request, Obama will call for an end to the era of austerity that has dogged much of his presidency and to his efforts to find common ground with Republicans. Instead, the president will focus on pumping new cash into job training, early-childhood education and other programs aimed at bolstering the middle class, providing Democrats with a policy blueprint heading into the midterm elections. …

Republicans said emerging details of the president’s budget prove he was never serious about addressing the nation’s long-term debt problems.

“This reaffirms what has become all too apparent: the president has no interest in doing anything, even modest, to address our looming debt crisis,” Brendan Buck, a spokesman for House Speaker John A. Boehner (R-Ohio), said in a statement. “The one and only idea the president has to offer is even more job-destroying tax hikes, and that non-starter won’t do anything to save the entitlement programs that are critical to so many Americans.”

The new budget request, due out March 4, comes during a relative lull in Washington’s lengthy budget wars. Late last year, Congress approved a two-year spending plan negotiated by the chairmen of the House and Senate Budget committees, Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.), that would ease automatic cuts, known as the sequester, that were eating away at agency spending. And this month, Congress agreed to forgo another battle over the federal debt limit, voting to suspend its enforcement until March 2015.

So what will be the top-line number for the FY2015 budget that will end this “era of austerity”? Actually, the Post doesn’t report the top-line outlay number, and the OMB doesn’t have the budget request available on the White House portal yet. One presumes that ending austerity means a demand north of the $3.498 trillion that House Republicans proposed in their budget plan from late last year. It may just be an additional $56 billion over the actual FY2014 levels, which would make it far below his FY2014 proposed budget.

Let’s take a look at all that austerity in the Obama presidency, shall we? Heritage produced this handy graphic in the middle of last year, but it’s very useful now:

heritage-fed-spending

Outlays for FY2014 authorized in the recent budget deal are still a bit ambiguous in the reams of data from both Congress and the White House, but CBO estimates it at $3.54 trillion. At that level, we are spending 9.3% more in FY2014 than in FY2008, the last budget signed by George W. Bush (Democrats stalled the FY2009 budget with continuing resolutions until Obama signed an omnibus bill in March 2009 to complete that budget).If the new budget ends “austerity” by returning to Obama’s original top-line outlay demand of last year’s budget request, that will mean an additional increase of federal spending of 6.7% in just one year. If it’s just $56 billion more than the actual FY2014 outlays, then the notion that this ends “austerity” is doubly laughable.

The notion that we’ve been laboring under an “era of austerity” is as ridiculous and out of touch as … well, as most of Obama’s budget requests during his presidency. This one has just as much chance of being enacted, too. The Post suggests that Democrats can use this to beat up Republicans on the campaign trail, but the GOP can easily parry that with this question: “Do you really believe Washington deserves a 6.7% raise after ObamaCare?” Good luck winning on this issue.

http://hotair.com/archives/2014/02/21/obama-budget-declares-end-to-austerity/

Obama budget could be costly to Dems

By Chris Stirewalt

OBAMA BUDGET COULD BE COSTLY TO DEMS
The White House is teasing the president’s soon-to-be released blueprint for the next federal fiscal year. In a nod to his core liberal supporters, the president has dropped a prior nod to entitlement fixes, so-called “chained CPI,” a change in how to calculate the size of future increases to Social Security and other programs. The president is sucking up to his political base, the members of which consider the current trajectory for future hikes to be sacrosanct. That’s pretty good politics, especially since Obama did not seem particularly enthused about the idea before and that there is zero chance that this budget or any budget will be passed this election year. Republicans may be harrumphing about the president’s “unserious” approach to the debt, but it’s not like they thought otherwise before. Nor will the House GOP budget be anything more than pipe dreams. Poof!

You call that austerity? - Many pixels are being slaughtered to discuss the president’s irrelevant budget. Why? Partly, it’s because reporters salivate over anything that looks exclusive or new in a city where governing goes to die. Here in the great gridlock desert, this stuff may pass for news. But also because liberals are excited to see their champion drop the smokescreen of deficit concern. The prevailing Democratic wisdom is that deficits don’t matter and that Republicans ought to shut up about them. The WaPo enthused: “With the 2015 budget request, Obama will call for an end to the era of austerity that has dogged much of his presidency and to his efforts to find common ground with Republicans.” Austerity? The federal government continues to spend way more than it takes in and outlays in the Obama era have increased. From 2009 through 2012, the administration spent about $3.5 trillion a year. The approximate federal spending for the fiscal year that ended in October was $3.62 trillion. The estimate for the current year: $3.78 trillion. The Greeks would love to get some austerity like that.

Unicorns, rainbows and midterms - The WaPo goes on to say that instead of worrying about deficits, “…the president will focus on pumping new cash into job training, early-childhood education and other programs aimed at bolstering the middle class, providing Democrats with a policy blueprint heading into the midterm elections… The lack of conflict is due in part to the collapse of the deficit as a political issue. While annual budget deficits remain high by historical standards, they have shrunken rapidly over the past few years as the economy recovered and Congress acted to cut spending.” Wait. What? A Fox News Poll at the end of January showed that more voters said the federal deficit and Social Security outranked terrorism, foreign policy, guns and immigration as the most important issues for the government. Only the economy and health care were higher on the list of voter concerns. Nothing come close to those two, but do Democrats really think that they are off the hook for being the party of more borrowing and spending? Just because Republicans scampered away from the last debt limit lift fight doesn’t mean this isn’t potent stuff. If Democrats believe that borrowing more than half-a-trillion dollars can be turned into a political plus, they must be back to smoking Hopium. And remember, we haven’t even heard about all of the new taxes that the president will propose. Democrats are marching forward with the banner of bigger government aloft at precisely the moment Americans are fed up with ObamaCare the last big government initiative the Obama Democrats bequeathed them.

http://www.foxnews.com/politics/2014/02/21/obama-budget-could-be-costly-to-dems/

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Independent Party — A New Third Party To Challenge Both Democratic and Republican Parties — Price $10 Billion — Who Will Fund It? — American People — Videos

Posted on February 17, 2014. Filed under: Blogroll, Business, College, Communications, Constitution, Economics, Education, Federal Government Budget, Fiscal Policy, Law, liberty, Life, Links, media, People, Philosophy, Photos, Politics, Psychology, Rants, Raves, Talk Radio, Tax Policy, Taxes, Unemployment, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 212: February 17, 2014

Pronk Pops Show 211: February 14, 2014 

Pronk Pops Show 210: February 13, 2014

Pronk Pops Show 209: February 12, 2014

Pronk Pops Show 208: February 11, 2014

Pronk Pops Show 207: February 10, 2014

Pronk Pops Show 206: February 7, 2014

Pronk Pops Show 205: February 5, 2014

Pronk Pops Show 204: February 4, 2014

Pronk Pops Show 203: February 3, 2014

Pronk Pops Show 202: January 31, 2014

Pronk Pops Show 201: January 30, 2014

Pronk Pops Show 200: January 29, 2014

Pronk Pops Show 199: January 28, 2014

Pronk Pops Show 198: January 27, 2014

Pronk Pops Show 197: January 24, 2014

Pronk Pops Show 196: January 22, 2014

Pronk Pops Show 195: January 21, 2014

Pronk Pops Show 194: January 17, 2014

Pronk Pops Show 193: January 16, 2014

Pronk Pops Show 192: January 14, 2014

Pronk Pops Show 191: January 13, 2014

Pronk Pops Show 190: January 10, 2014

Pronk Pops Show 189: January 9, 2014

Pronk Pops Show 188: January 8, 2014

Pronk Pops Show 187: January 7, 2014

Pronk Pops Show 186: January 6, 2014

Pronk Pops Show 185: January 3, 2014

Pronk Pops Show 184: December 19, 2013

Pronk Pops Show 183: December 17, 2013

Pronk Pops Show 182: December 16, 2013

Pronk Pops Show 181: December 13, 2013

Pronk Pops Show 180: December 12, 2013

Pronk Pops Show 179: December 11, 2013

Pronk Pops Show 178: December 5, 2013

Pronk Pops Show 177: December 2, 2013

Pronk Pops Show 176: November 27, 2013

Pronk Pops Show 175: November 26, 2013

Pronk Pops Show 174: November 25, 2013

Pronk Pops Show 173: November 22, 2013

Pronk Pops Show 172: November 21, 2013

Pronk Pops Show 171: November 20, 2013

Pronk Pops Show 170: November 19, 2013

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Story 1: Independent Party —  A New Third Party To Challenge Both Democratic and Republican Parties —  Price $10 Billion — Who Will Fund It? — American People — Videos

How the GOP Can Attract Young People: Rand Paul and Glenn Beck

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The State of the Two Party System

The Evolution of America’s Major Political Parties

Third Parties in America

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President Obama Rewrites The Affordable Care Act — Breaking Oath of Office Once Again — Videos

Posted on February 11, 2014. Filed under: American History, Banking, Blogroll, Business, College, Communications, Diasters, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, Health Care, history, Inflation, IRS, Law, liberty, Life, Links, media, Monetary Policy, Money, Obamacare, People, Philosophy, Photos, Politics, Press, Private Sector, Public Sector, Rants, Raves, Regulations, Resources, Security, Strategy, Tax Policy, Taxes, Unions, Video, Wealth, Wisdom, Writing | Tags: , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 208: February 11, 2014

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Story 1: President Obama Rewrites The Affordable Care Act — Breaking Oath of Office Once Again — Videos

NEW-OBAMACARE-DELAY

obamacare_permanent_delay_graphic

OBAMACARE, obamacartoon

obamacare-everyone-hates-political-cartoon

The truth about ObamaCare and the entitlement culture

Politics or policy behind latest ObamaCare delay?

CBS: Obamacare Delayed Again

Wh Delays Obamacare’s Employer Mandate Until After Midterm – Employers Not Allowed To Fire Anyone?

White House announces another delay in Obamacare employer mandate

Mark Halperin: ObamaCare Mandate Delay Screams Of Politics

Rep. Charlie Rangel discusses the latest ObamaCare delay

Another Day, Another Delay – Obamacare Employer Mandate Delayed – Special Report 1st Segment

CNN: Latest ObamaCare Delay Driven By Politics And Another Admission Of Problems With The Law

‘This is stuff you do in a banana republic’ Krauthammer on Obamacare employer mandate delay

CBS: Washington Children Lose Access To Doctors Due To ObamaCare

Obama’s New Delay of Employer Mandate Violates Plain Language of Law -

President Barack Obama’s Treasury Department issued a new  regulation today that for the second time directly violates the plain and unambiguous text of the Patient Protection and Affordable Care Act by allowing some businesses to avoid the law’s Dec. 31, 2013 deadline to provide health insurance coverage to their employees.

Initially, on July 2, 2013, the administration unilaterally delayed the deadline for the employer mandate until 2015. Now, the administration is unilaterally delaying it for some businesses until 2016.

In its official summary of PPACA, the Congressional Research Service said: “(Sec. 1513, as modified by section 10106) Imposes fines on large employers (employers with more than 50 full-time employees) who fail to offer their full-time employees the opportunity to enroll in minimum essential coverage or who have a waiting period for enrollment of more than 60 days.”

The text of the law itself describes an “applicable large employer” as follows: “The term ‘applicable large employer’ means, with respect to a calendar year, an employer who employed an average of at least 50 full-time employees on business days during the preceding calendar year.”

The final words in the section of PPACA mandating that employers with more than 50 full-time employees provide their employees with “minimum essential coverage” imposes a specific statutory deadline for doing so. It says: “EFFECTIVE DATE.—The amendments made by this section shall apply to months beginning after December 31, 2013.”

Last summer, the administration unilaterally moved this hard statutory deadline back one year to 2015 for all employers with more than 50 full-time employees. Now, without any action by Congress, the administration is moving it back again for some employers—despite the plain language of the law.

The Treasury Department has issued a fact sheet explaining how the Obama administration’s new declaration changes the meaning of the Patient Protection and Affordable Care Act.

The fact sheet says:

“To ensure a gradual phase-in and assist the employers to whom the policy does apply, the final rules provide, for 2015, that: The employer responsibility provision will generally apply to larger firms with 100 or more full-time employees starting in 2015 and employers with 50 or more full-time employees starting in 2016.”

The fact sheet goes on to say:

“To avoid a payment for failing to offer health coverage, employers need to offer coverage to 70 percent of their full-time employees in 2015 and 95 percent in 2016 and beyond, helping employers that, for example, may offer coverage to employees with 35 or more hours, but not yet to that fraction of their employees who work 30 to 34 hours.”

It further says:

“While the employer responsibility provisions will generally apply starting in 2015, they will not apply until 2016 to employers with at least 50 but fewer than 100 full-time employees if the employer provides an appropriate certification described in the rules.”

And also:

“Employers that are subject to the employer responsibility provisions in 2015 must offer coverage to at least 70 percent of full-time employees as one of the conditions for avoiding an assessable payment, rather than 95 percent which will begin in 2016.”

In sum, the law says that employers with “at least 50 full-time employees” must provide “minimum essential coverage” in the “months beginning after December 31, 2013” or pay a fine. The new declaration from the Obama administration’s Treasury Department says this part of the law no longer applies. It says employers with between 50 and 99 employees need not provide coverage until 2016 and larger employers need only provide coverage to 70 percent of their employees next year.

- See more at: http://cnsnews.com/news/article/terence-p-jeffrey/obama-s-new-delay-employer-mandate-violates-plain-language-law#sthash.YJKKRiAm.dpuf

Obama Delays Health-Care Mandate for Some Companies–Update

By Louise Radnofsky

A batch of employers won’t face a fine next year if they fail to provide health insurance to their workers, the Obama administration said Monday.

In regulations outlining the Affordable Care Act, the Treasury Department said employers with between 50 and 99 full-time workers won’t have to comply with the law’s requirement to provide insurance or pay a fee until 2016.

Companies with 100 workers or more could avoid penalties in 2015 if they showed they were offering coverage to at least 70 percent of their full-time workers, the Treasury said.

The move is a new, significant revision of the law after a series of delays and a troubled rollout. Originally, employers with the equivalent of 50 full-time workers or more had to offer coverage or pay a penalty starting at $2,000 per worker beginning in 2014.

That so-called employer mandate was seen as a cornerstone provision in the law’s goal of expanding insurance coverage to millions of Americans this year. But last summer the administration announced a surprise one-year reprieve in enforcement of the requirement, from 2014 to 2015.

Monday’s announcement of further delays comes as the administration weighs how much of the law to adjust in the wake of the rollout and the looming prospect of midterm elections.

A senior administration official said the shift reflects the administration’s observations on the law’s implementation and its willingness to acknowledge business concerns, though the official said that no single reason was behind the change.

Most large employers offer coverage to their workers, though not all employees accept it. Many of the companies that don’t offer coverage have fewer employees and are in lower-wage areas such as the hospitality, retail and agriculture sectors. They have been among the most vocal about the impact of the new requirements.

Some of those employers had begun trimming workers’ hours as a way to reduce their exposure to penalties, since the requirement to cover workers only applies to employees clocking 30 hours a week or more.

The administration also signaled on Monday that big employers that currently offer coverage voluntarily will likely see simpler requirements for how to prove that. However, full regulations detailing the reporting requirements haven’t been released, senior Treasury officials said.

Under the new rules, companies would be allowed during the phasing-in year to offer coverage specifically to a subset of employees, such as those working 35 hours or more a week, the Treasury said.

Senior Treasury officials said the shift was aimed at giving more time for smaller employers subject to the requirement to adjust and for all companies to consider the number of hours their employees worked and whether they could avoid cutting them.

The officials said employers who wanted to use the phase-in period would have to certify that they hadn’t decreased their employee numbers in order to qualify.

Treasury also set new rules for how the requirement would apply to workers such as volunteers and seasonal employees, saying that employers wouldn’t be penalized for failing to offer those people coverage, regardless of the number of hours they were working.

In recent months the administration has made a series of changes to the law that have further blunted its full impact this year. It has asked insurers to temporarily reinstate policies that had been canceled because they didn’t meet new requirements set by the law, even though the administration had previously described those plans as inadequate.

The botched launch of online insurance portals also prompted the Congressional Budget Office to revise its estimates for the number of people who would use the exchanges this year to 6 million, as well as another 8 million people who would gain coverage by signing up for Medicaid.

http://online.wsj.com/article/BT-CO-20140210-711590.html

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Democrats Lose 50 Year War on Poverty Start 100 Year War on Work: Millennial Moocher Mania — Grow The Government Shrink The Economy and Employment! — Progressive Permanent Poverty People — Videos Videos

Posted on February 10, 2014. Filed under: American History, Babies, Blogroll, Books, Business, College, Comedy, Communications, Crime, Culture, Demographics, Diasters, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Fraud, government spending, Health Care, history, Homes, Inflation, Investments, IRS, Language, Law, liberty, Life, Links, Literacy, media, Medicine, Obamacare, People, Philosophy, Photos, Politics, Press, Private Sector, Public Sector, Radio, Rants, Raves, Talk Radio, Tax Policy, Taxes, Unemployment, Unions, Video, Wealth, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

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Story 1: Democrats Lose 50 Year War on Poverty Start 100 Year War on Work: Millennial Moocher Mania — Grow The Government Shrink The Economy and Employment! — Progressive Permanent Poverty People — Videos   Videos

entitlements

CBO_Impact_Obamacare_Employmentjob_impact

CBO_Labor_Participation_Rate

fiscal_policy_unstainablecbo_job_report

obama-economy-jobs-debt-deficit-political-cartoon-new-normal

cartoon_obamacare

obamacare_work_killer

obamacare_admitting

obamacare_impact

n0nh6p-ramirez.jobsdeathpanelobamacare_web_designercreating part time jobs

beeler_class_warfare_full

Appendix C: Labor Market Effect of Affordable Care Act: Updated Estimates

Insurance Coverage Provisions of the Affordable Care Act— CBO’s February 2014 Baseline

Table 1. CBO’s May 2013 Estimate of the Effects of the Affordable Care Act on Health Insurance Coverage

Obamacare and jobs reports: Health care law could cost more than 2 million jobs

Casey Mulligan: Eroding incentives is damaging

W.H. defends Obamacare amid CBO findings

Obamacare ACA Impact On Workforce Why Work? Special Report All Star Panel

CBO Director to Congress: Obamacare Will Reduce Unemployment Rate

Hayes Admits CBO Obamacare Report ‘Not Some Right Wing Attack’

Obama Admin On CBO Report: You’re Now Free To “Work Or Not Work”, Thanks Obamacare – Stuart Varney

CBO Director: Obamacare creates ‘disincentive’ to work

Casey Mulligan – Affordable Care and the Labor Market

Casey Mulligan, PhD, Professor of Economics, University of Chicago
“Affordable Care and the Labor Market”
October 16, 2013
MacLean Center Seminar Series 2013-2014, Ethical Issues in Health Care Reform

15 Poverty and Welfare Programs

Public Economics and Finance – Social Insurance Programs

Public Economics and Finance – Social Insurance Programs Continued and Welfare Programs

Charles Murray: Why America is Coming Apart Along Class Lines

Uncommon Knowledge: White America Is ‘Coming Apart’

In Depth with Charles Murray

Appendix C: Labor Market Effect of Affordable Care Act: Updated Estimates

Insurance Coverage Provisions of the Affordable Care Act— CBO’s February 2014 Baseline

Table 1. CBO’s May 2013 Estimate of the Effects of the Affordable Care Act on Health Insurance Coverage

The Economist Who Exposed ObamaCare

The Chicago professor examined the law’s incentives for the poor not to get a job or work harder, and this week Beltway budgeteers agreed.

By JOSEPH RAGO

In September, two weeks before the Affordable Care Act was due to launch, President Obama declared that “there’s no serious evidence that the law . . . is holding back economic growth.” As for repealing ObamaCare, he added, “That’s not an agenda for economic growth. You’re not going to meet an economist who says that that’s a number-one priority in terms of boosting growth and jobs in this country—at least not a serious economist.”

In a way, Mr. Obama had a point: “Never met him,” says economist Casey Mulligan. If the unfamiliarity is mutual, the confusion is all presidential. Mr. Mulligan studies how government choices influence the incentives and rewards for work—and many more people may recognize the University of Chicago professor as a serious economist after this week. That’s because, more than anyone, Mr. Mulligan is responsible for the still-raging furor over the Congressional Budget Office’s conclusion that ObamaCare will, in fact, harm growth and jobs.

Unaffordable_Careless_Act

Rarely are political tempers so raw over an 11-page appendix to a dense budget projection for the next decade. But then the CBO—Congress’s official fiscal scorekeeper, widely revered by Democrats and Republicans alike as the gold standard of economic analysis—reported that by 2024 the equivalent of 2.5 million Americans who were otherwise willing and able to work before ObamaCare will work less or not at all as a result of ObamaCare.

As the CBO admits, that’s a “substantially larger” and “considerably higher” subtraction to the labor force than the mere 800,000 the budget office estimated in 2010. The overall level of labor will fall by 1.5% to 2% over the decade, the CBO figures.

Mr. Mulligan’s empirical research puts the best estimate of the contraction at 3%. The CBO still has some of the economics wrong, he said in a phone interview Thursday, “but, boy, it’s a lot better to be off by a factor of two than a factor of six.”

The CBO’s intellectual conversion is all the more notable for accepting Mr. Mulligan’s premise, which is that what economists call “implicit marginal tax rates” in ObamaCare make work less financially valuable for lower-income Americans. Because the insurance subsidies are tied to income and phase out as cash wages rise, some people will have the incentive to remain poorer in order to continue capturing higher benefits. Another way of putting it is that taking away benefits has the same effect as a direct tax, so lower-income workers are discouraged from climbing the income ladder by working harder, logging extra hours, taking a promotion or investing in their future earnings through job training or education.

The CBO works in mysterious ways, but its commentary and a footnote suggest that two National Bureau of Economic Research papers Mr. Mulligan published last August were “roughly” the most important drivers of this revision to its model. In short, the CBO has pulled this economist’s arguments and analysis from the fringes to center of the health-care debate.

For his part, Mr. Mulligan declines to take too much credit. “I’m not an expert in that town, Washington,” he says, “but I showed them my work and I know they listened, carefully.”

At a February 2013 hearing he pointed out several discrepancies between the CBO’s marginal-tax-rate work and its health-care work, and, he says, “That couldn’t persist forever. There would have to be a time where they would reconcile those two approaches somehow.” More to the point, “I knew eventually it would be acknowledged that when you pay people for being low income you are going to have more low-income people.”

Mr. Mulligan thinks the CBO deserves particular credit for learning and then revising the old 800,000 number, not least because so many liberals cited it to dispute the claims of ObamaCare’s critics. The new finding might have prompted a debate about the marginal tax rates confronting the poor, but—well, it didn’t.

Instead, liberals have turned to claiming that ObamaCare’s missing workers will be a gift to society. Since employers aren’t cutting jobs per se through layoffs or hourly take-backs, people are merely choosing rationally to supply less labor. Thanks to ObamaCare, we’re told, Americans can finally quit the salt mines and blacking factories and retire early, or spend more time with the children, or become artists.

Mr. Mulligan reserves particular scorn for the economists making this “eliminated from the drudgery of labor market” argument, which he views as a form of trahison des clercs. “I don’t know what their intentions are,” he says, choosing his words carefully, “but it looks like they’re trying to leverage the lack of economic education in their audience by making these sorts of points.”

A job, Mr. Mulligan explains, “is a transaction between buyers and sellers. When a transaction doesn’t happen, it doesn’t happen. We know that it doesn’t matter on which side of the market you put the disincentives, the results are the same. . . . In this case you’re putting an implicit tax on work for households, and employers aren’t willing to compensate the households enough so they’ll still work.” Jobs can be destroyed by sellers (workers) as much as buyers (businesses).

He adds: “I can understand something like cigarettes and people believe that there’s too much smoking, so we put a tax on cigarettes, so people smoke less, and we say that’s a good thing. OK. But are we saying we were working too much before? Is that the new argument? I mean make up your mind. We’ve been complaining for six years now that there’s not enough work being done. . . . Even before the recession there was too little work in the economy. Now all of a sudden we wake up and say we’re glad that people are working less? We’re pursuing our dreams?”

The larger betrayal, Mr. Mulligan argues, is that the same economists now praising the great shrinking workforce used to claim that ObamaCare would expand the labor market.

He points to a 2011 letter organized by Harvard’s David Cutler and the University of Chicago’s Harold Pollack, signed by dozens of left-leaning economists including Nobel laureates, stating “our strong conclusion” that ObamaCare will strengthen the economy and create 250,000 to 400,000 jobs annually. (Mr. Cutler has since qualified and walked back some of his claims.)

“Why didn’t they say, no, we didn’t mean the labor market’s going to get bigger. We mean it’s going to get smaller in a good way,” Mr. Mulligan wonders. “I’m unhappy with that, to be honest, as an American, as an economist. Those kind of conclusions are tarnishing the field of economics, which is a great, maybe the greatest, field. They’re sure not making it look good by doing stuff like that.”

Mr. Mulligan’s investigation into the Affordable Care Act builds on his earlier work studying the 2009 Recovery and Reinvestment Act, aka the stimulus.

The Keynesian economists who dominate Mr. Obama’s Washington are preoccupied by demand, and their explanation for persistently high post-recession unemployment is weak demand for goods and thus demand for labor. Mr. Mulligan, by contrast, studies the supply of labor and attributes the state of the economy in large part to the expansion of the entitlement and welfare state, such as the surge in food stamps, unemployment benefits, Medicaid and other safety-net programs. As these benefits were enriched and extended to more people by the stimulus, he argues in his 2012 book “The Redistribution Recession,” they were responsible for about half the drop in work hours since 2007, and possibly more.

The nearby chart tracks marginal tax rates over time for nonelderly household heads and spouses with median earnings. This index is a population-weighted average over various ages, jobs, employment decisions like full-time versus part-time. Basically, the chart shows the extra taxes paid and government benefits foregone as a result of earning an extra dollar of income.

The stimulus caused a spike in marginal rates, but at least it was temporary. ObamaCare will bring them permanently into the 47% range, or seven percentage points higher than in early 2007. Mr. Mulligan says the main response to his calculations is that people “didn’t realize the cumulative effect of these things together as a package to discourage work.”

Mr. Mulligan is uncomfortable speculating about whether the benefits of this shift outweigh the costs. Perhaps the public was willing to trade market efficiency for more income security after the 2008 crisis. “As an economist I can’t argue with that,” he says. “The thing that I argue with is the denial that there is a trade-off. I argue with the denial that if you pay unemployed people you’re going to get more unemployed people. There are consequences of that. That doesn’t mean the consequences aren’t worth paying. But you can’t deny the consequences for the labor market.”

One major risk is slower economic growth over time as people leave the workforce and contribute less to national prosperity. Another is that social programs with high marginal rates end up perpetuating the problems they’re supposed to be alleviating.

So amid the current wave of liberal ObamaCare denial about these realities, how did Mr. Mulligan end up conducting such “unconventional” research?

“Unconventional?” he asks with more than a little disbelief. “It’s not unconventional at all. The critique I get is that it’s not complicated enough.”

Well, then how come the CBO’s adoption of his insights is causing such a ruckus?

“I would phrase the question a little differently,” Mr. Mulligan responds, “which is: Why didn’t conventional economic analysis make its way to Washington? Why was I the only delivery boy? Why wasn’t there a laundry list?” The charitable explanation, he says, is that there was “a general lack of awareness” and economists simply didn’t realize everything that government was doing to undermine incentives for work. “You have to dig into it and see it,” he explains. “The Affordable Care Act’s not going to come and shake you out of your bed and say, ‘Look what’s in me.’ “

Judging by their reaction to the CBO report, the less charitable explanation is that liberals would have preferred that the public never found out.

Mr. Rago is a member of the Journal’s editorial board.

Lawmakers Spar Over CBO’s U.S. Health-Law Findings

Questions Over Impact on Workforce Create ‘Hysteria’ on Capitol Hill

A new report outlining the effect of the Affordable Care Act on the labor market continued to reverberate on Capitol Hill Wednesday, with lawmakers in both parties saying the findings bolstered their view of how the law would play out.

Republicans at a House Budget Committee hearing said the report, released Tuesday, shows the health law will drive people out of the work force. Democrats countered that the report shows the law will give workers flexibility to leave jobs they are locked into because of health-care benefits.

The sparring came in response to a Congressional Budget Office analysis concluding that subsidies in the law, combined with easier access to health care, would create incentives for many Americans to cut their work hours, leading to a net reduction of 1.5% to 2% from 2017 through 2024. This would be the equivalent of reducing the labor force by 2.5 million workers in 2024, the CBO found.

“The effects we estimated are almost entirely choices by people,” CBO Director Douglas Elmendorf said at the hearing. He said, for example, that the labor changes wouldn’t be driven by employers cutting jobs, but rather workers deciding to cut back on their hours to take care of their children, parents, or to pursue other interests.

The report struck a chord in Washington. Rep. Hakeem Jeffries (D., N.Y.) said at the hearing that the analysis by CBO, a nonpartisan agency that advises Congress, had caused “hysteria.”

Many Republicans said the CBO confirmed their long-held belief that the law would have a direct impact on the labor market and harm economic growth. They said it would expedite the decline in labor-force participation, which is expected to worsen in coming years as more aging Americans drop out of the work force.

“These changes—they disproportionately affect low-wage workers,” House Budget Committee Chairman Paul Ryan (R., Wis.) said. “Translation: Washington is making the poverty trap worse.”

Democrats on Wednesday said the study confirmed their belief that the law would free many Americans from a phenomenon known as “job lock,” or the idea that people don’t change their jobs for fear of losing their health benefits.

“More Americans will be able to voluntarily, choose—choose—to work fewer hours or not take a job because they don’t depend on that job any more for the provision of health insurance,” Rep. Chris Van Hollen (D., Md.) said. “Before the Affordable Care Act, if you lost your job, you lost your health insurance.”

Mr. Elmendorf stressed that the law’s impact on the labor market could be difficult to predict. He agreed, for example, with one Republican lawmaker who said that by reducing the number of hours worked by many Americans, it would reduce overall wages and lower the amount of money people paid in taxes from 2017 through 2024.

But he also agreed with a Democratic lawmaker who said the law could—in the short-term—create some new jobs by freeing up disposable income from workers who previously had to set aside money for health coverage.

The law’s impact on the labor market has drawn the focus of researchers since it was passed, in part because the law makes so many changes to health-care delivery that its broader economic impacts have proved difficult to predict.

A 2013 study by researchers at Northwestern University, Columbia University and the University of Chicago estimated the Affordable Care Act’s impact could be particularly acute, including among Americans who are near retirement and hang on to jobs to retain health care before they qualify for Medicare at age 65.

The study found the new law “creates a nonemployer option for health insurance that is going to be fairly priced for a large number of Americans, and that hasn’t been available,” said Craig Garthwaite, an assistant professor at Northwestern’s Kellogg School of Management, and one of the study’s co-authors.

But he said there is a trade-off to the broader access to health care, and said “there should be some pause for concern here about any policies that actually weaken labor-force attachment.”

http://online.wsj.com/news/articles/SB10001424052702304181204579364933406260084?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304181204579364933406260084.html

Health Law To Cut Into Labor Force

CBO Report Forecasts More People Will Opt to Work Less as They Seek Coverage Through Affordable Care Act

By LOUISE RADNOFSKY and DAMIAN PALETTA

The new health law is projected to reduce the total number of hours Americans work by the equivalent of 2.3 million full-time jobs in 2021, a bigger impact on the workforce than previously expected, according to a nonpartisan congressional report.

The analysis, by the Congressional Budget Office, says a key factor is people scaling back how much they work and instead getting health coverage through the Affordable Care Act. The agency had earlier forecast the labor-force impact would be the equivalent of 800,000 workers in 2021.

Because the CBO estimated that the changes would be a result of workers’ choices, it said the law, President Barack Obama‘s signature initiative, wouldn’t lead to a rise in the unemployment rate. But the labor-force impact could slow growth in future years, though the precise impact is uncertain.

Social programs in the United States

From Wikipedia, the free encyclopedia

The Social Security Administration, created in 1935, was the first major federal welfare agency and continues to be the most prominent.[1]

Social programs in the United States are welfare subsidies designed to aid the needs of the U.S. population. Proposals for federal programs began with Theodore Roosevelt‘s New Nationalism and expanded with Woodrow Wilson‘s New FreedomFranklin D. Roosevelt‘sNew DealJohn F. Kennedy‘s New Frontier, and Lyndon B. Johnson‘s Great Society.

The programs vary in eligibility requirements and are provided by various organizations on a federal, state, local and private level. They help to provide food, shelter, education, healthcare and money to U.S. citizens through primary and secondary education, subsidies of college education, unemployment disability insurance, subsidies for eligible low-wage workers, subsidies for housing, Supplemental Nutrition Assistance Program benefits, pensions for eligible persons and health insurance programs that cover public employees. The Social Security system is the largest and most prominent social aid program.[1][2] Medicare is another prominent program.

Not including Social Security and Medicare, Congress allocated almost $717 billion in Federal funds in 2010 plus $210 billion was allocated in state funds ($927 billion total) for means tested welfare programs in the United States–later (after 2010) expenditures are unknown but higher.[3] As of 2011, the public social spending-to-GDP ratio in the United States was below the OECD average.[4]

Total Social Security and Medicare expenditures in 2013 were $1.3 trillion, 8.4% of the $16.3 trillion GNP (2013) and 37% of the total Federal expenditure budget of $3.684 trillion.[5][6]

In addition to government expenditures private welfare spending in the United States is thought to be about 10% of the U.S. GDP or another $1.6 trillion.[7]

Analysis

Household Characteristics

[hide]Characteristics of Households by Quintile 2010[8]

Household Income
Bracket
0-20% 21-40% 41-60% 61-80% 81-100%
Earners Per Household 0.42 0.90 1.29 1.70 1.97
Marital Status
Married couples (%) 17.0 35.9 48.8 64.3 78.4
Single Parents or Single (%) 83.0 64.1 51.2 35.7 21.6
Ages of Householders
Under 35 23.3 24 24.5 21.8 14.6
36-64 years 43.6 46.6 55.4 64.3 74.7
65 years + 33.1 29.4 20.1 13.9 10.7
Work Status householders (%)
Worked Full Time (%) 17.4 44.7 61.1 71.5 77.2
Worked Part Time (%) 14.3 13.3 11.1 9.8 9.5
Did Not Work (%) 68.2 42.1 27.8 17.7 13.3
Education of Householders (%)
Less than High School 26.7 16.6 8.8 5.4 2.2
High School or some College 61.2 65.4 62.9 58.5 37.6
Bachelor’s degree or Higher 12.1 18.0 28.3 36.1 60.3
Source: U.S. Census Bureau

Social programs have been implemented to promote a variety of societal goals, including alleviating the effects of poverty on those earning or receiving low income or encountering serious medical problems, and ensuring retired people have a basic standard of living.

Unlike in Europe, Christian democratic and social democratic theories have not played a major role in shaping welfare policy in the United States.[9] Entitlement programs in the U.S. were virtually non-existent until the administration of Franklin Delano Roosevelt and the implementation of the New Deal programs in response to the Great Depression. Between 1932 and 1981, modern American liberalism dominated U.S. economic policy and the entitlements grew along with American middle class wealth.[10]

Eligibility for welfare benefits depends on a variety of factors, including gross and net income, family size, pregnancy, homelessness, unemployment, and serious medical conditions like blindness, kidney failure or AIDS.

Drug Testing for applicants

Drug testing in order for potential recipients to receive welfare has become an increasingly controversial topic. Richard Hudson, a Republican from North Carolina claims he pushes for drug screening as a matter of “moral obligation” and that testing should be enforced as a way for the United States government to discourage drug usage. [11] Others claim that ordering the needy to drug test “stereotypes, stigmatizes, and criminalizes” them without need. [12] States that currently require drug tests to be performed in order to receive public assistance include ArizonaFloridaGeorgiaMissouriOklahomaTennessee, and Utah.[13]

Demographics of TANF Recipients

A chart showing the overall decline of average monthly welfare benefits (AFDC then TANF) per recipient 1962–2006 (in 2006 dollars).[14]

Some have argued that welfare has come to be associated with poverty. Martin Gilens, assistant professor of Political Science at Yale University, argues that blacks have overwhelmingly dominated images of poverty over the last few decades and states that “white Americans with the most exaggerated misunderstandings of the racial composition of the poor are the most likely to oppose welfare”.[15][16] This perception possibly perpetuates negative racial stereotypes and could increase Americans’ opposition and racialization of welfare policies.[15]

In FY 2010, African-American families comprised 31.9% of TANF families, white families comprised 31.8%, and 30.0% were Hispanic.[17] Since the implementation of TANF, the percentage of Hispanic families has increased, while the percentages of white and black families have decreased. In FY 1997, African-American families represented 37.3% of TANF recipient families, white families 34.5%, and Hispanic families 22.5%.[18] The population as a whole is composed of 63.7% whites, 16.3% Hispanic, 12.5% African-American, 4.8% Asian and 2.9% other races.[19] TANF programs at a cost of about $20.0 billion (2013) have decreased in use as Earned Income Tax CreditsMedicaid grants, food stamps (SNAP),Supplemental Security Income (SSI), child nutrition programs (CHIP), housing assistance, Feeding Programs (WIC & CSFP) along with about 70 more programs have increase to over $700.0 billion more in 2013.[20]

Costs

In 2002, total U.S. social welfare expenditure constitutes over 35% of GDP, with purely public expenditure constituting 21%, publicly supported but privately provided welfare services constituting 10% of GDP and purely private services constituting 4% of GDP. This compared to the “welfare” states of France and Sweden where welfare spending ranges from 30% to 35% of GDP.[21][22]

The Great Recession made a large impact on welfare spending. In a 2011 article, Forbes reported, “The best estimate of the cost of the 185 federal means tested welfare programs for 2010 for the federal government alone is $717 billion, up a third since 2008, according to the Heritage Foundation. Counting state spending of about $210 million, total welfare spending for 2010 reached over $920 billion, up nearly one-fourth since 2008 (24.3%)”–and increasing fast.[23] The previous decade had seen a 60% decrease in the number of people receiving welfare benefits,[24] beginning with the passage of the Personal Responsibility and Work Opportunity Act, but spending did not decrease proportionally during that time period.

Impact of social programs

[hide]Average Incomes and Taxes
CBO Study 2009*[25]

Households
by Income
Market
Income1
Federal
Transfers 2
Income +
Transfers
Avg Federal
Tax rate %3
Federal
Taxes $4
% Federal
Taxes Pd. 5
#W6 % Net
Income7
0-20% 7,600 22,900 30,500 1.0 200 0.3 0.42 6.2
21-40% 30,100 14,800 45,000 6.8 2,900 3.8 0.90 11.1
41-60% 54,200 10,400 64,600 11.1 7,200 9.4 1.29 15.8
61-80% 86,400 7,100 93,500 15.1 14,100 18.3 1.70 21.6
80-100 218,800 6,000 224,800 23.2 51,900 67.9 1.97 47.2
Source: Congressional Budget Office Study[25]
1. Market Income = All wages, tips, incomes etc. as listed on Income tax form
2. Federal Transfers = all EITC, CTC, medicaid, food stamps (SNAP), Social Security, SSI etc. received
3. Average tax rate includes all Social Security, Medicare, income, business income, excise, etc. taxes.
4. Net Federal taxes paid in dollars
5. Percent of all federal taxes paid
6. #W = Average number of workers per household in this quintile
7. % Net Income = percentage of all national income each quintile receives after taxes and transfers.

According to the Congressional Budget Office, social programs significantly raise the standard of living for low-income Americans, particularly the elderly. The poorest 20% of American households earn a before-tax average of only $7,600 – less than half of the federal poverty line. Social programs increase those households’ before-tax income to $30,500. Social Security and Medicare are responsible for two-thirds of that increase.[25]

History

Public Health nursing made available through child welfare services, 1935.

Federal Social Welfare programs

Colonial legislatures and later State governments adopted legislation patterned after the English “poor” laws. Aid to veterans, often free grants of land, and pensions for widows and handicapped veterans, have been offered in all U.S. wars. Following World War I, provisions were made for a full-scale system of hospital and medical care benefits for veterans. By 1929, workers’ compensation laws were in effect in all but four States. These state laws made industry and businesses responsible for the costs of compensating workers or their survivors when the worker was injured or killed in connection with his or her job. Retirement programs for mainly State and local government paid teachers, police officers, and fire fighters—date back to the 19th century. All these social programs were far from universal and varied considerably from one state to another.

Prior to the Great Depression the United States had social programs that mostly centered around individual efforts, family efforts, church charities, business workers compensation, life insurance and sick leave programs along with some state tax supported social programs. The misery and poverty of the great depression threatened to overwhelm all these programs. The severe Depression of the 1930s made Federal action almost a necessity, as neither the States and the local communities, businesses and industries, nor private charities had the financial resources to cope with the growing need among the American people. Beginning in 1932, the Federal Government first made loans, then grants, to States to pay for direct relief and work relief. After that, special Federal emergency relief like the Civilian Conservation Corps and other public works programs were started. In 1935, President Franklin D. Roosevelt‘s administration proposed to Congress federal social relief programs and a federally sponsored retirement program. Congress followed by the passage of the 37 page Social Security Act, signed into law August 14, 1935 and “effective” by 1939–just as World War II began. This program was expanded several times over the years.

War on Poverty and Great Society programs (1960s)

Further information: War on Poverty and Great Society

After the Great Society legislation of the 1960s, for the first time a person who was not elderly or disabled could receive need-based aid from the federal government.[26][dubious – discuss] Aid could include general welfare payments, health care through Medicaidfood stamps, special payments for pregnant women and young mothers, and federal and state housing benefits.[26]

In 1968, 4.1% of families were headed by a woman receiving welfare assistance; by 1980, the percentage increased to 10%.[26] In the 1970s, California was the U.S. state with the most generous welfare system.[27] Virtually all food stamp costs are paid by the federal government.[28] In 2008, 28.7 percent of the households headed by single women were considered poor.[29]

Welfare reform (1990s)

Before the Welfare Reform Act of 1996, welfare assistance was “once considered an open-ended right,” but welfare reform converted it “into a finite program built to provide short-term cash assistance and steer people quickly into jobs.”[30] Prior to reform, states were given “limitless”[30] money by the federal government, increasing per family on welfare, under the 60-year-old Aid to Families with Dependent Children (AFDC) program.[31] This gave states no incentive to direct welfare funds to the neediest recipients or to encourage individuals to go off welfare benefits (the state lost federal money when someone left the system).[32] Nationwide, one child in seven received AFDC funds,[31] which mostly went to single mothers.[28]

In 1996, under the Bill Clinton administrationCongress passed the Personal Responsibility and Work Opportunity Reconciliation Act, which gave more control of the welfare system to the states though there are basic requirements the states need to meet with regards to welfare services. Still, most states offer basic assistance, such as health care, food assistance, child care assistance, unemployment, cash aid, and housing assistance. After reforms, which President Clinton said would “end welfare as we know it,”[28]amounts from the federal government were given out in a flat rate per state based on population.[32]

Each state must meet certain criteria to ensure recipients are being encouraged to work themselves out of welfare. The new program is called Temporary Assistance for Needy Families (TANF).[31] It encourages states to require some sort of employment search in exchange for providing funds to individuals, and imposes a five-year lifetime limit on cash assistance.[28][24][31] The bill restricts welfare from most legal immigrants and increased financial assistance for child care.[24] The federal government also maintains an emergency $2 billion TANF fund to assist states that may have rising unemployment.[31]

President Bill Clinton signing welfare reform legislation.

Following these changes, millions of people left the welfare rolls (a 60% drop overall),[24] employment rose, and the child poverty rate was reduced.[28] A 2007 Congressional Budget Office study found that incomes in affected families rose by 35%.[24] The reforms were “widely applauded”[33] after “bitter protest.”[28] The Times called the reform “one of the few undisputed triumphs of American government in the past 20 years.”[34]

Critics of the reforms sometimes point out that the massive decrease of people on the welfare rolls during the 1990s wasn’t due to a rise in actual gainful employment in this population, but rather, was due almost exclusively to their offloading into workfare, giving them a different classification than classic welfare recipient. The late 1990s were also considered an unusually strong economic time, and critics voiced their concern about what would happen in an economic downturn.[28]

National Review editorialized that the Economic Stimulus Act of 2009 will reverse the welfare-to-work provisions that Bill Clinton signed in the 1990s, and will again base federal grants to states on the number of people signed up for welfare rather than at a flat rate.[32] One of the experts who worked on the 1996 bill said that the provisions would lead to the largest one-year increase in welfare spending in American history.[34] The House bill provides $4 billion to pay 80% of states’ welfare caseloads.[31] Although each state received $16.5 billion annually from the federal government as welfare rolls dropped, they spent the rest of the block grant on other types of assistance rather than saving it for worse economic times.[30]

[hide]Spending on largest Welfare Programs
Federal Spending 2003-2013*[35]

Federal
Programs
Spending
2003*
Spending
2013*
Medicaid Grants to States $201,389 $266,565
Food Stamps (SNAP) 61,717 82,603
Earned Income Tax Credit (EITC) 40,027 55,123
Supplemental Security Income (SSI) 38,315 50,544
Housing assistance 37,205 49,739
Child Nutrition Program (CHIP) 13,558 20,842
Support Payments to States, TANF 28,980 20,842
Feeding Programs (WIC & CSFP) 5,695 6,671
Low Income Home Energy Assistance 2,542 3,704
Notes:
* Spending in millions of dollars

Timeline

The following is a short timeline of welfare in the United States:[36]

1880s–1890s: Attempts were made to move poor people from work yards to poor houses if they were in search of relief funds.

1893–1894: Attempts were made at the first unemployment payments, but were unsuccessful due to the 1893–1894recession.

1932: The Great Depression had gotten worse and the first attempts to fund relief failed. The “Emergency Relief Act”, which gave local governments $300 million, was passed into law.

1933: In March 1933, President Franklin D. Roosevelt pushed Congress to establish the Civilian Conservation Corps.

1935: The Social Security Act was passed on June 17, 1935. The bill included direct relief (cash, food stamps, etc.) and changes for unemployment insurance.

1940: Aid to Families With Dependent Children (AFDC) was established.

1964: Johnson’s War on Poverty is underway, and the Economic Opportunity Act was passed. Commonly known as “the Great Society

1996: Passed under Clinton, the “Personal Responsibility and Work Opportunity Reconciliation Act of 1996″ becomes law.

2013: Affordable Care Act goes into effect with large increases in Medicaid and subsidized medical insurance premiums go into effect.

Types of social programs

Means tested Social Programs

[hide]79 Means Tested Programs in U.S. (2011)[37]

Programs Federal
Spending*
State
Spending*
Total
Spending*
TOTAL cost in (billions) (2011) $717 $210 $927
Social Security OASDI (2013) $785
Medicare(2013) $574
TOTAL all programs (billions) $2,287
============================ ======= ====== ======
CASH ASSISTANCE (millions)
SSI/Old Age Assistance 56,462.00 4,673.00 61,135.00
Earned Income Tax Credit
(refundable portion)
55,652.00 55,652.00
Refundable Child Credit 22,691.00 22,691.00
Make Work Pay Tax Credit
(Refundable Portion)
13,905.00 13,905.00
Temporary Assistance for Needy Families
(TANF, old AFDC)
6,882.89 6,876.86 13,759.74
Foster Care Title IVE 4,456.00 3,921.28 8,377.28
Adoption Assistance Title IVE 2,362.00 1,316 3,678.00
General Assistance Cash 2,625.00 2,625.00
Refugee Assistance 167.86 167.86
General Assistance to Indians 115.00 115.00
Assets for Independence 24.00 24.00
CASH TOTAL 162,717.75 19,412.14 182,129.88
MEDICAL
Medicaid 274,964.00 157,600.00 432,564.00
SCHIP State Supplemental
Health Insurance Program
8,629.00 3,796.76 12,425.76
Medical General Assistance 6,965.90 6,965.90
Consolidated Health Center
/Community Health Centers
1,481.00 1,481.00
Maternal & Child Health 656.00 492.00 1,148.00
Medical Assistance to Refugees 167.86 167.86
Healthy Start 104.00 104.00
MEDICAL TOTAL 289,816.86 168,854.66 458,671.52
FOOD
Food Stamps, SNAP 77,637.00 6,987.33 84,624.33
School Lunch Program 10,321.00 10,321.00
WIC Women, Infant and
Children Food Program
6,787.00 6,787.00
School Breakfast 3,076.00 3,076.00
Child Care Food Program 2,732.00 2,732.00
Nutrition Program for the
Elderly, Nutrition Service Incentives
820.00 139.40 959.40
Summer Program 376.00 376.00
Commodity Supplemental Food Program 196.00 196.00
TEFAP Temporary
Emergency Food Program
247.00 247.00
Needy Families 60.00 60.00
Farmers’ Market Nutrition Program 23.00 23.00
Special Milk Program 13.00 13.00
FOOD TOTAL 102,288.00 7,126.73 109,414.73
HOUSING
Section 8 Housing (HUD) 28,435.00 28,435.00
Public Housing (HUD) 8,973.00 8,973.00
Low Income Housing
Tax Credit for Developers
6,150.00 6,150.00
Home Investment
Partnership Program (HUD)
2,853.00 2,853.00
Homeless Assistance
Grants (HUD)
2,280.00 2,280.00
State Housing Expenditures (from SWE) 2,085.00 2,085.00
Rural Housing Insurance
Fund (Agriculture)
1,689.00 1,689.00
Rural Housing
Service (Agriculture)
1,085.00 1,085.00
Housing for the Elderly (HUD) 934.00 934.00
Native American
Housing Block Grants (HUD)
854.00 854.00
Other Assisted Housing
Programs (HUD)
496.00 496.00
Housing for Persons
with Disabilities (HUD)
309.00 309.00
HOUSING TOTAL 54,058.00 2,085.00 56,143.00
ENERGY AND UTILITIES
LIHEAP Low Income Home
Energy Assistance
4,419.00 4,419.00
Universal Service Fund
Subsidized Low Income Phone Service
1,750.00 1,750.00
Weatherization 234.00 234.00
ENERGY AND UTILITIES TOTAL 6,403.00 6,403.00
EDUCATION
Pell Grants 41,458.00 41,458.00
Title One Grants to
Local Education Authorities
14,472.00 14,472.00
21st Century Learning Centers 1,157.00 1,157.00
Special Programs for
Disadvantaged (TRIO)
883.00 883.00
Supplemental Education
Opportunity Grants
740.00 740.00
Adult Basic Education Grants 607.00 607.00
Migrant Education 444.00 444.00
Gear-Up 303.00 303.00
LEAP Formerly State Student
Incentive Grant Program (SSIG)
1.00 1.00
Education for Homeless
Children and Youth
65.00 65.00
Even Start 4.00 4.00
Aid for Graduate and Professional
Study for Disadvantaged and Minorities
41.00 41.00
EDUCATION TOTAL 60,175.00 60,175.00
TRAINING
TANF Work Activities and Training 2,504.90 831.93 3,336.83
Job Corps 1,659.00 1,659.00
WIA Youth Opportunity Grants
Formerly Summer Youth Employment
946.00 946.00
Senior Community Service Employment 705.00 77.55 782.55
WIA Adult Employment and Training
formerly JTPA IIA Training for
Disadvantaged Adults & Youth
766.00 766.00
Food Stamp Employment
and Training Program
393.00 166.00 559.00
Foster Grandparents 104.00 10.40 114.40
YouthBuild 110.00 110.00
Migrant Training 85.00 85.00
Native American Training 52.00 52.00
TRAINING TOTAL 7,324.90 1,085.88 8,410.78
SERVICES
TANF Block Grant Services 5,385.12 4,838.13 10,223.25
Title XX Social Services Block Grant 1,787.00 1,787.00
Community Service Block Grant 678.00 678.00
Social Services for
Refugees Asylees and Humanitarian Cases
417.28 417.28
Safe and Stable Families 553.00 553.00
Title III Aging Americans Act 369.00 369.00
Legal Services Block Grant 406.00 406.00
Family Planning 298.00 298.00
Emergency Food and Shelter Program 48.00 48.00
Healthy Marriage and
Responsible Fatherhood Grants
50.00 150.00
Independent Living (Chafee
Foster Care Independence Program)
140.00 28.00 168.00
Independent Living Training Vouchers 45.00 45.00
Maternal, Infants and
Children Home Visitation
36.00 36.00
SERVICES TOTAL 10,411.40 4,866.13 15,277.53
CHILD CARE AND CHILD DEVELOPMENT
Headstart 7,559.0 1,889.75 9,448.75
Childcare and
Child Development Block Grant
2,984 2,176.00 5,160.00
Childcare Entitlement to the States 3,100.00 3,100.00
TANF Block Grant Child Care 2,318.56 2,643.78 4,962.35
CHILD CARE & CHILD DEVELOPMENT TOTAL 15,961.56 6,709.53 22,671.10
COMMUNITY DEVELOPMENT
Community Development Block Grant
and Related Development Funds
7,445.00 7,445.00
Economic Development
Administration (Dept. of Commerce)
423.00 423.00
Appalachian Regional Development 68.00 68.00
Empowerment Zones,
Enterprise Communities Renewal
1.00 1.00
COMMUNITY DEVELOPMENT TOTAL 7,937.00 7,937.00
TOTAL in millions (2011) $717,093.48 $210,140.07 $927,233.55
Social Security OASDI (2013) $785,700
Medicare(2013) $574,200
TOTAL in millions $2,287,133
Notes:
* Spending in millions of dollars
2.3 Trillion Dollar Total of Social Security, Medicare and Means Tested Welfare
is low since latest 2013 means tested data not available but 2013
“real” TOTAL will be higher

Social security

The Social Security program mainly refers to the Old Age, Survivors, and Disability Insurance (OASDI) program, and possibly the unemployment insurance program. Retirement Insurance Benefits (RIB), also known as Old-age Insurance Benefits, are a form of social insurance payments made by the U.S. Social Security Administration paid based upon the attainment old age (62 or older).

Social Security Disability Insurance (SSD or SSDI) is a federal insurance program that providesincome supplements to people who are restricted in their ability to be employed because of a notable disability.

Unemployment insurance, also known as unemployment compensation, provides for money, from the United States and the state collected from employers, to workers who have become unemployed through no fault of their own. The unemployment benefits are run by each state with different state defined criteria for duration, percent of income paid, etc.. Nearly all require the recipient to document their search for employment to continue receiving benefits. Extensions of time for receiving benefits are sometimes offered for extensive work unemployment. These extra benefits are usually in the form of loans from the federal government that have to be repaid by each state.

General welfare

The Supplemental Security Income (SSI) program provides stipends to low-income people who are either aged (65 or older), blind, or disabled.

The Temporary Assistance for Needy Families (TANF) provides cash assistance to indigent American families with dependent children.

Healthcare spending

Health care in the United States is provided by many separate legal entities. Health care facilities are largely owned and operated by the private sectorHealth insurance in the United States is now primarily provided by the government in the public sector, with 60–65% of healthcare provision and spending coming from programs such as Medicare, Medicaid,TRICARE, the Children’s Health Insurance Program, and the Veterans Health Administration.

Medicare is a social insurance program administered by the United States government, providing health insurance coverage to people who are aged 65 and over; to those who are under 65 and are permanently physically disabled or who have a congenital physical disability; or to those who meet other special criteria like the End Stage Renal Disease program (ESRD). Medicare in the United States somewhat resembles a single-payer health care system but is not. Before Medicare, only 51% of people aged 65 and older had health care coverage, and nearly 30% lived below the federal poverty level.

Medicaid is a health program for certain people and families with low incomes and resources. It is a means-tested program that is jointly funded by the state and federal governments, and is managed by the states.[38] People served by Medicaid are U.S. citizens or legal permanent residents, including low-income adults, their children, and people with certain disabilities. Poverty alone does not necessarily qualify someone for Medicaid. Medicaid is the largest source of funding for medical and health-related services for people with limited income in the United States.

The Children’s Health Insurance Program (CHIP) is a program administered by the United States Department of Health and Human Services that provides matching funds to states for health insurance to families with children.[39] The program was designed to cover uninsured children in families with incomes that are modest but too high to qualify for Medicaid.

The Alcohol, Drug Abuse, and Mental Health Services Block Grant (or ADMS Block Grant) is a federal assistance block grant given by the United States Department of Health and Human Services.

Education spending

University of California, Berkeley is one of the oldest public universities in the U.S.

Per capita spending on tertiary education is among the highest in the world[citation needed]. Public education is managed by individual states, municipalities and regional school districts. As in all developed countries, primary and secondary education is free, universal and mandatory. Parents do have the option of home-schooling their children, though some states, such as California (until a 2008 legal ruling overturned this requirement[40]), require parents to obtain teaching credentials before doing so. Experimental programs give lower-income parents the option of using government issued vouchers to send their kids to private rather than public schools in some states/regions.

As of 2007, more than 80% of all primary and secondary students were enrolled in public schools, including 75% of those from households with incomes in the top 5%. Public schools commonly offer after-school programs and the government subsidizes private after school programs, such as the Boys & Girls Club. While pre-school education is subsidized as well, through programs such as Head Start, many Americans still find themselves unable to take advantage of them. Some education critics have therefore proposed creating a comprehensive transfer system to make pre-school education universal, pointing out that the financial returns alone would compensate for the cost.

Tertiary education is not free, but is subsidized by individual states and the federal government. Some of the costs at public institutions is carried by the state.

The government also provides grants, scholarships and subsidized loans to most students. Those who do not qualify for any type of aid, can obtain a government guaranteed loan and tuition can often be deducted from the federal income tax. Despite subsidized attendance cost at public institutions and tax deductions, however, tuition costs have risen at three times the rate of median household income since 1982.[41] In fear that many future Americans might be excluded from tertiary education, progressive Democrats have proposed increasing financial aid and subsidizing an increased share of attendance costs. Some Democratic politicians and political groups have also proposed to make public tertiary education free of charge, i.e. subsidizing 100% of attendance cost.[citation needed]

Food assistance

In the U.S., financial assistance for food purchasing for low- and no-income people is provided through the Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program.[42] This federal aid program is administered by the Food and Nutrition Serviceof the U.S. Department of Agriculture, but benefits are distributed by the individual U.S. states. It is historically and commonly known as the Food Stamp Program, though all legal references to “stamp” and “coupon” have been replaced by “EBT” and “card,” referring to the refillable, plastic Electronic Benefit Transfer (EBT) cards that replaced the paper “food stamp” coupons. To be eligible for SNAP benefits, the recipients must have incomes below 130 percent of the poverty line, and also own few assets.[43] Since the economic downturn began in 2008, the use of food stamps has increased.[43]

The Special Supplemental Nutrition Program for Women, Infants and Children (WIC) is a child nutrition program for healthcare and nutrition of low-income pregnant women, breastfeeding women, and infants and children under the age of five. The eligibility requirement is a family income below 185% of the U.S. Poverty Income Guidelines, but if a person participates in other benefit programs, or has family members who participate in SNAP, Medicaid, or Temporary Assistance for Needy Families, they automatically meet the eligibility requirements.

The Child and Adult Care Food Program (CACFP) is a type of United States Federal assistance provided by the U.S. Department of Agriculture (USDA) to states in order to provide a daily subsidized food service for an estimated 3.2 million children and 112,000 elderly or mentally or physically impaired adults[44] in non-residential, day-care settings.[45]

Public housing

The Housing and Community Development Act of 1974 created Section 8 housing, the payment of rent assistance to private landlords on behalf of low-income households.

See also

General:

References

  1. Jump up to:a b Krugman, P. (2007). The Conscience of a Liberal. New York: W. W. Norton
  2. Jump up^ Feldstein, M. (2005). Rethinking social insurance. American Economic Review, 95(1), pp. 1–24.
  3. Jump up^ Means tested programs [1] accessed 19 Nov 2013
  4. Jump up^ Social spending after the crisis. OECD. (Social spending in a historical perspective, Pg. 5). Retrieved: 26 December 2012.
  5. Jump up^ 2013 Status Of The Social Security And Medicare Programs [2] accessed 16 Oct 2013
  6. Jump up^ White house Historical tables. Table 1 [3] accessed 16 Oct 2013
  7. Jump up^ OECD database on social expenditures[4] accessed 9 Dec 2013
  8. Jump up^ Characteristics if Households by Quintile 2010 [5] accessed 19 Nov 2013
  9. Jump up^ Esping-Andersen, G. (1991). The Three Worlds of Welfare Capitalism. Princeton, NJ: Princeton University Press.
  10. Jump up^ by G. William Domhoff. “Who Rules America: Wealth, Income, and Power”. Sociology.ucsc.edu. Retrieved 2012-08-14.
  11. Jump up^ Delaney, Arthur. “Food Stamp Cuts Might Come With Drug Testing”. Huffington Post.
  12. Jump up^ Goetzl, Celia. “Government Mandated Drug Testing for Welfare Recipients: Special Need or Unconstitutional Condition?”. Retrieved October 24, 2013.
  13. Jump up^ Cohen, Robin. “Drug Testing of Public Assistance Recipients”. OLR Research Report. Retrieved October 24, 2013.
  14. Jump up^ 2008 Indicators of Welfare Dependence Figure TANF 2.
  15. Jump up to:a b Gilens, Martin (1996). “Race and Poverty in America: Public Misperceptions and the American News Media.” Public Opinion Quarterly 60, no. 4, pp. 515–541.
  16. Jump up^ Gilens, Martin (1996). “Race and Poverty in America: Public Misperceptions and the American News Media.” Public Opinion Quarterly 60, no. 4, p. 516
  17. Jump up^ “Characteristics and Financial Circumstances of TANF Recipients – Fiscal Year 2010“. United States Department of Health and Human Services.
  18. Jump up^ “Demographic And Financial Characteristics Of Families Receiving Assistance“. United States Department of Health and Human Services.
  19. Jump up^ Demographics of U.S. population Table 1[6] accessed 26 Dec 2013
  20. Jump up^ 79 Means tested welfare programs in the United States[7] accessed 26 Dec 2013
  21. Jump up^ Alber, J. (1988). Is There a Crisis of the Welfare State? Cross-National Evidence from Europe, North America, and Japan. European Sociological Review, 4(3), 181–207.
  22. Jump up^ Hacker, J. S. (2002). The Divided Welfare State. New York: Cambridge University Press, USA.
  23. Jump up^ Ferrara, Peter (2011-04-22). “America’s Ever Expanding Welfare Empire”Forbes. Retrieved 2012-04-10.
  24. Jump up to:a b c d e Goodman, Peter S. (2008-04-11). “From Welfare Shift in ’96, a Reminder for Clinton”The New York Times. Retrieved 2009-02-12.
  25. Jump up to:a b c Average Incomes and Taxes 2009 [8] accessed 19 Nov 2013
  26. Jump up to:a b c Frum, David (2000). How We Got Here: The ’70s. New York, New York: Basic Books. p. 72. ISBN 0-465-04195-7.
  27. Jump up^ Frum, David (2000). How We Got Here: The ’70s. New York, New York: Basic Books. p. 325.ISBN 0-465-04195-7.
  28. Jump up to:a b c d e f g Deparle, Jason (2009-02-02). “Welfare Aid Isn’t Growing as Economy Drops Off”The New York Times. Retrieved 2009-02-12.
  29. Jump up^ NPC.umich.edu
  30. Jump up to:a b c “Welfare Rolls See First Climb in Years”The Washington Post. 2008-12-17. Retrieved 2009-02-13.
  31. Jump up to:a b c d e f “Stimulus Bill Abolishes Welfare Reform and Adds New Welfare Spending”.Heritage Foundation. 2009-02-11. Retrieved 2009-02-12.
  32. Jump up to:a b c “Ending Welfare Reform as We Knew It”The National Review. 2009-02-12. Retrieved 2009-02-12.[dead link]
  33. Jump up^ “Change for the Worse”New York Post. 2009-01-30. Retrieved 2009-02-12.[dead link]
  34. Jump up to:a b AllenMills, Tony (2009-02-15). “Obama warned over ‘welfare spendathon’”The Times(London). Retrieved 2009-02-15.
  35. Jump up^ Spending on largest Welfare Programs in U.S. [9] accessed 19 Nov 2013
  36. Jump up^ “Welfare Reform History Timeline – 1900s to current United States.” SearchBeat. Web. 12 Oct. 2009. <http://society.searchbeat.com/welfare9.htm>.
  37. Jump up^ Means Tested Programs in U.S. [10] accessed 19 Nov 2013
  38. Jump up^ Medicaid General Information from the Centers for Medicare and Medicaid Services . (CMS) website
  39. Jump up^ Sultz, H., & Young, K. Health Care USA Understanding its Organization and Delivery pg. 257
  40. Jump up^ Jonathan L. v. Superior Court, 165 Cal.App.4th 1074 (Cal.App. 2 Dist. 2008). Text of opinion
  41. Jump up^ Lewin, Tamar. “NYT on increase in tuition”The New York Times. Retrieved 2009-01-15.
  42. Jump up^ “Nutrition Assistance Program Home Page”, U.S. Department of Agriculture (official website), March 3, 2011 (last revised). Accessed March 4, 2011.
  43. Jump up to:a b Erik Eckholm (March 31, 2008). “Food stamp use in U.S. at record pace as jobs vanish”The New York Times. Retrieved January 30, 2012.
  44. Jump up^ Why CACFP Is Important, Child and Adult Care Food Program Homepage, Food and Nutrition Service, US Department of Agriculture
  45. Jump up^ Child and Adult Care Food Program (CFDA 10.558);OMB Circular A-133 Compliance Supplement; Part 4: Agency Program Requirements: Department of Housing and Urban Development, pg. 4-10.558-1

Further reading

http://en.wikipedia.org/wiki/Social_programs_in_the_United_States

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gdp_large

sgs-emp

non-farm-payrolls-wide-201312

Employment Level

145,224,000

Series Id:           LNS12000000
Seasonally Adjusted
Series title:        (Seas) Employment Level
Labor force status:  Employed
Type of data:        Number in thousands
Age:                 16 years and over

employment_level
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
2005 140245(1) 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
2006 143150(1) 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
2007 146028(1) 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
2008 146378(1) 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
2009 142152(1) 141640 140707 140656 140248 140009 139901 139492 138818 138432 138659 138013
2010 138451(1) 138599 138752 139309 139247 139148 139179 139427 139393 139111 139030 139266
2011 139287(1) 139422 139655 139622 139653 139409 139524 139904 140154 140335 140747 140836
2012 141677(1) 141943 142079 141963 142257 142432 142272 142204 142947 143369 143233 143212
2013 143384(1) 143464 143393 143676 143919 144075 144285 144179 144270 143485 144443 144586
2014 145224(1)

Civilian Labor Force

155,460,000

Series Id:           LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

Civilian_Labor_Force_Level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154210(1) 154538 154133 154509 154747 154716 154502 154307 153827 153784 153878 153111
2010 153404(1) 153720 153964 154642 154106 153631 153706 154087 153971 153631 154127 153639
2011 153198(1) 153280 153403 153566 153526 153379 153309 153724 154059 153940 154072 153927
2012 154328(1) 154826 154811 154565 154946 155134 154970 154669 155018 155507 155279 155485
2013 155699(1) 155511 155099 155359 155609 155822 155693 155435 155473 154625 155284 154937
2014 155460(1)

Labor Force Participation Rate

63.0%

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

labor_participation_rate

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.2 64.2 64.2 64.2 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.9 63.8 63.7 63.8 63.8 63.7 63.5 63.6 63.7 63.6 63.6
2013 63.6 63.5 63.3 63.4 63.4 63.5 63.4 63.2 63.2 62.8 63.0 62.8
2014 63.0

Unemployment Level

10,236,000

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

unemployment_level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12058 12898 13426 13853 14499 14707 14601 14814 15009 15352 15219 15098
2010 14953 15121 15212 15333 14858 14483 14527 14660 14578 14520 15097 14373
2011 13910 13858 13748 13944 13873 13971 13785 13820 13905 13604 13326 13090
2012 12650 12883 12732 12603 12689 12702 12698 12464 12070 12138 12045 12273
2013 12315 12047 11706 11683 11690 11747 11408 11256 11203 11140 10841 10351
2014 10236

Unemployment Rate

6.6%

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over

unemployment_rate_U_3
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.7 9.8 9.9 9.9 9.6 9.4 9.5 9.5 9.5 9.5 9.8 9.4
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0<