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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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 234: March 28, 2014

Pronk Pops Show 233: March 27, 2014

Pronk Pops Show 232: March 26, 2014

Pronk Pops Show 231: March 25, 2014

Pronk Pops Show 230: March 24, 2014

Pronk Pops Show 229: March 21, 2014

Pronk Pops Show 228: March 20, 2014

Pronk Pops Show 227: March 19, 2014

Pronk Pops Show 226: March 18, 2014

Pronk Pops Show 225: March 17, 2014

Pronk Pops Show 224: March 7, 2014

Pronk Pops Show 223: March 6, 2014

Pronk Pops Show 222: March 3, 2014

Pronk Pops Show 221: February 28, 2014

Pronk Pops Show 220: February 27, 2014

Pronk Pops Show 219: February 26, 2014

Pronk Pops Show 218: February 25, 2014

Pronk Pops Show 217: February 24, 2014

Pronk Pops Show 216: February 21, 2014

Pronk Pops Show 215: February 20, 2014

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

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

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

motuslame duck dynasty

gop_duckobamacareironylameprivacy_IRSI_amA_not_dick_cheney

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Judge Pirro Calls Out Obama – The Man CANNOT be Trusted!!!

Obama Condemns IRS Scandal ‘I Have Got No Patience’ For It

 

White House Woes! Poll Most Americans Losing Trust In Obama Admin Megyn Kelly

Losing Faith In The Feds Obama Admin Scandals Erode Americans’ Trust In Government On The Record

New Signs Obama Is Losing Public Trust Over IRS Scandal Cavuto

Rand Paul: ‘Constellation Of Scandals’ Means Obama Is Losing ‘Moral Authority To Lead The Nation’

 

Obama Admin Can Not Be Trusted!! Says Frm Head of Homeland Security Wake Up America!

Nate Silver Predicts GOP Has 60% Shot at Retaking Senate

IRS Scandal House GOP Demands Faster Turnover Of IRS Documents Cavuto

DOJ Rejects Sen Ted Cruz’s Request For Special Prosecutor In IRS Scandal – Cavuto

IRS Speech Police? – IRS Proposes New Limits On Political Activity – IRS Scandal – On The Record

Rep. Gowdy Questions IRS Commissioner John Koskinen about IRS Targeting Scandal

John Stossel on IRS Scandal You Can t Fix Gove..

Glenn Beck Exposes Obama’s Fraudulent History and Radicalized Beliefs

The Big Lie – American Anti-Nazi & Anti-Communist Propaganda Film | 1951 | Full Length Documentary

Obamacare Fumbles, lies and deceit

President Obama Lies Compilation [2008 - 2014] WAKE UP!

65 Outrageous Lies by President Obama

Obama Trust Us To Spy On You

Obama-We’re the Most Transparent and Ethical Administration in U.S. History!

Obama’s Big Lie: Do Calls for Fiscal Responsibility Mask a Sinister Agenda?

TRUST Your GOVERNMENT ? What The PEOPLE On The Street Think. AMERICA & OBAMA

Mediaite’s Joe Concha: Obamacare Debacle Marks ‘End’ of Obama Presidency, ‘Lame Duck Status’

Obama In Trouble! Is He Now A Lame Duck

CrossTalk: Lame Duck Obama

Is Obama Already A Lame Duck President?

BBC News Syria vote could leave Obama ‘lame duck president’

The Case for Impeaching Barack Obama (Part 1)

The Case for Impeaching Barack Obama (Part 2)

 

All False statements involving Barack Obama

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

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 222-234

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Three Cheers for Phil Robertson — Duck Dynasty, Free Speech, and Religious Freedom Win One — GLAAD IS SAD — Live With It and Move On — Videos

Posted on December 28, 2013. Filed under: American History, Art, Art, Babies, Blogroll, Business, Comedy, Communications, Constitution, Culture, Demographics, Economics, Education, Entertainment, Heroes, history, Language, Law, liberty, Life, Links, Literacy, media, Microeconomics, People, Philosophy, Politics, Press, Radio, Rants, Raves, Religion, Rifles, Talk Radio, Television, Television, Vacations, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , |

“Duck Dynasty” star Phil Robertson reinstated

 

A & E lifts suspension on ‘Duck Dynasty’

‘This Week’ Roundtable: ‘Duck Dynasty’ Debate

‘Duck Dynasty’ Reversal Shows GLAAD Has an Expiration Date

A few years ago, I couldn’t imagine a network disregarding GLAAD’s recommendations

By Brandon Ambrosino

Phil v. The Gays. With which will we side? Or rather, against which will we side? This is the question that society demands we answer. Are we anti-Phil or anti-gay or anti-GLAAD or anti-A&E or anti- … ?

Perhaps no other word sums up the Duck Dynasty fiasco as aptly as the word “anti.”

Whenever I hear that someone is anti-this or that, I immediately think of the old quip about MADD – are there any mothers for drunk driving? – and ask myself if anyone is really in favor of the particular thing being protested. Since GLAAD has recently taken a hard-line stance against Phil Robertson’s “anti-gay” comments, I’ve been asking myself a similar question about defamation: Who among us is for it? Most of us are decidedly against defamation, although we choose not to publicly participate in institutional demonstrations to prove how against it we are. But, of course, GLAAD is an institution, and therefore their criticism reverberates at systemic levels.

Founded in 1985 in the wake of the AIDS crisis, GLAAD was formed to protest skewed coverage of LGBT issues and “to put pressure on media organizations to end homophobic reporting.” The original name was an acronym for “Gay & Lesbian Alliance Against Defamation,” and although the organization has recently rebranded itself by deciding that the letters G-L-A-A-D aren’t actually going to stand for anything any more, their reputation for protesting defamatory speech is well known both within and without the LGBT community.

It goes without saying that GLAAD has done a great deal of good for the LGBT community, and for that they deserve our applause and honor. As they noted in their announcement heralding their name change, their work continues to educate and influence the greater culture. Historically they’ve been a symbol of inclusion and tolerance, and they’ve worked tirelessly to infuse these values into our controlling media discourses. Frankly, though, I don’t think their hasty reaction to Phil Robertson displayed our LGBT community’s best values.

Before many of us even learned that Phil Robertson was interviewed by GQ, GLAAD had already convinced us that Phil’s words were vile and offensive, and called upon A&E “to re-examine their ties to someone with such public disdain for LGBT people and families.” (I still wonder how many of us – commentators included – have read the actual story in GQ.) A&E offered its own kneejerk response to GLAAD’s kneejerk response, and placed Phil on “indefinite” hiatus, which then prompted some Evangelicals to offer up their own kneejerk response which had something to do with the freedom of speech and now – did I hear this correctly? – Chick-fil-A. In the end, after carefully reviewing all of the responses, A&E issued a final response explaining their decision to lift Phil’s suspension, which resulted in yet another predictable response from GLAAD. I’m not sure how we do it, but we manage to craft responses to our opponents without ever having actual conversations with them.

It isn’t shocking that a conservative Christian duck-hunter from Louisiana has opinions that GLAAD deemed “anti-gay,” and it isn’t shocking that A&E immediately kowtowed to GLAAD at the first drop of the word “homophobic.” What is shocking, however, is that A&E lifted Phil’s hiatus in spite of the fact that they knew GLAAD wasn’t going to be happy about it. A few years ago, I couldn’t imagine a network disregarding GLAAD’s recommendations. A&E is certainly setting a precedent – which makes me wonder about where we are today with queer politics.

In the ’80s and ’90s, GLAAD was necessary, if only because top media outlets needed to be reminded that journalistic ethics applied to AIDS coverage, too. But in 2014, how necessary is GLAAD? I don’t mean to suggest that the organization isn’t doing some good for our world – as I’ve already noted, they are! But as America edges closer and closer to unqualified and full inclusion of LGBT persons, I wonder if an organization whose raison d’etre is to find and shame instances of discrimination isn’t just a bit archaic.

If our goal is to progress beyond defamation against LGBT persons, then that means GLAAD has a sell-by date. To put it in a different, albeit cheekier way: Defamation is good for GLAAD’s business. To bankrupt our society of LGBT defamation would certainly put GLAAD out of work. It’s hard for me to imagine I’m the only one who’s wondered about this. In fact, GLAAD’s recent name-change only confirms that their leadership has been reexamining and revising their purposes moving forward. Again, I’m not suggesting our world doesn’t need GLAAD: There certainly is a place for them. But A&E’s latest reversal should make us question what exactly that place is.
http://ideas.time.com/2013/12/28/duck-dynasty-reversal-shows-glaad-has-an-expiration-date/

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The Compulsive Liar–Barack Obama–65 Outrageous Lies–Videos

Posted on October 20, 2012. Filed under: American History, Babies, Blogroll, Books, Business, College, Communications, Diasters, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, History of Economic Thought, Immigration, Inflation, Investments, Law, liberty, Life, Links, media, Narcissism, Philosophy, Politics, Programming, Psychology, Public Sector, Rants, Raves, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Unemployment, Unions, Vacations, Video, Wealth, Wisdom | Tags: , , , , , , , |

65 Outrageous Lies by President Obama 

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Ron Paul’s Hunt For Delegates At State Conventions–Videos

Posted on May 19, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Demographics, Diasters, Economics, Employment, Energy, Federal Government Budget, Fiscal Policy, Health Care, history, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, Music, People, Philosophy, Politics, Public Sector, Raves, Resources, Tax Policy, Taxes, Unemployment, Unions, Vacations, Video, War, Wealth, Weather, Wisdom | Tags: , , , , , , , , |

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Republican Presidential Debate–January 23, 2012–University of South Florida–Tampa, Florida–NBC News–Videos

Posted on January 24, 2012. Filed under: American History, Banking, Blogroll, Business, College, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government spending, history, Inflation, Law, liberty, Life, Links, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Raves, Tax Policy, Unions, Vacations, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , |

NBC News – Republican Candidates Debate @ University of S. Florida in Tampa, FL – January 23, 2012

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Ron Paul VS Herman Cain–Truth Teller Vs. Deception Deliverer –Videos

Posted on November 3, 2011. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Employment, Energy, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Homes, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Regulations, Taxes, Unions, Vacations, Video, War | Tags: , , , , , |

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Alex Jones Launches Nightly News–Videos

Posted on September 23, 2011. Filed under: American History, Babies, Banking, Biology, Blogroll, Business, Chemistry, College, Communications, Economics, Education, Employment, Enivornment, Federal Government, Fiscal Policy, Foreign Policy, government, history, Inflation, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Private Sector, Public Sector, Rants, Raves, Regulations, Resources, Science, Strategy, Talk Radio, Taxes, Technology, Unemployment, Unions, Vacations, Video, War, Wealth, Wisdom | Tags: , , |

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Will Tea Party Caucus Vote As A Block Against Democratic and Republican Establishment Compromise Bill On Raising National Debt Ceiling By $900 Billion, Adding Over $7,000 Billion To National Debt In The Next Ten Years Plus A Huge Tax Hike in 2013?–The American People Would Like To Know!–Videos

Posted on August 1, 2011. Filed under: American History, Banking, Blogroll, Business, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Language, Law, liberty, media, Microeconomics, Monetary Policy, People, Philosophy, Politics, Public Sector, Rants, Raves, Regulations, Security, Strategy, Talk Radio, Taxes, Unemployment, Unions, Vacations, Video, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , , |

 

 

 

 Judge Napolitano – U.S. Debt Limit (Law’s of Economics)

 

Schiff Happens

 

Sen. Rand Paul on CNBC’s The Kudlow Report – 08/01/11

 

Ron Paul Texas Straight Talk: Freeze the Budget and Stop Plundering the American People! Aug 1, 2011 

 

 

Deficits are Bad, but the Real Problem is Spending

 

It’s Simple to Balance The Budget Without Higher Taxes

 

Did President Manufacture Debt Crisis?

 

Senator Rand Paul (R-KY) Discusses Congressman Connie Mack’s (R-FL) Penny Plan

 

Senator Marco Rubio: “Save The Whole House Or It Will All Burn Down”

 

Ron Paul Ad – Conviction

 

This Is Why We Need Ron Paul 2012 – Wake up Americans and fight!

 

Harry Reid Eric Cantor Revenue

 

Debt deal must have balanced budget amendment: Sen. Mike Lee

 

 

Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?

 

“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending

 

 

Underwhelming Spending Cuts from Congress and Obama

 

Klavan, Whittle & Ferreira: Is a Spending Freeze the Answer to US Budgetary Problems

 

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Andrew Napolitano – The Story of Money

 

House Roll Call: How they voted on debt-limit bill

“…The 269-161 roll call Monday by which the House passed the compromise bill to raise the debt ceiling and prevent a government default.

A “yes” vote is a vote to pass the measure.

Voting yes were 95 Democrats and 174 Republicans.

Voting no were 95 Democrats and 66 Republicans.

X denotes those not voting.

There are 2 vacancies in the 435-member House. …”

FLORIDA

Democrats — Brown, N; Castor, Y; Deutch, Y; Hastings, N; Wasserman Schultz, Y; Wilson, Y.

Republicans — Adams, Y; Bilirakis, Y; Buchanan, Y; Crenshaw, Y; Diaz-Balart, Y; Mack, N; Mica, Y; Miller, Y; Nugent, Y; Posey, N; Rivera, Y; Rooney, Y; Ros-Lehtinen, Y; Ross, N; Southerland, N; Stearns, N; Webster, Y; West, Y; Young, Y.

MINNESOTA

Democrats — Ellison, N; McCollum, N; Peterson, Y; Walz, Y.

Republicans — Bachmann, N; Cravaack, N; Kline, Y; Paulsen, Y.

OHIO

Democrats — Fudge, N; Kaptur, N; Kucinich, N; Ryan, N; Sutton, N.

Republicans — Austria, Y; Boehner, Y; Chabot, Y; Gibbs, Y; Johnson, Y; Jordan, N; LaTourette, Y; Latta, Y; Renacci, Y; Schmidt, Y; Stivers, Y; Tiberi, Y; Turner, N.
TEXAS

Democrats — Cuellar, Y; Doggett, Y; Gonzalez, N; Green, Al, N; Green, Gene, Y; Hinojosa, Y; Jackson Lee, Y; Johnson, E. B., Y; Reyes, N.

Republicans — Barton, Y; Brady, Y; Burgess, Y; Canseco, Y; Carter, Y; Conaway, Y; Culberson, Y; Farenthold, Y; Flores, Y; Gohmert, N; Granger, Y; Hall, N; Hensarling, Y; Johnson, Sam, Y; Marchant, Y; McCaul, Y; Neugebauer, N; Olson, Y; Paul, N; Poe, N; Sessions, Y; Smith, Y; Thornberry, Y.

Read more: http://thegardenisland.com/news/national/article_28736ea6-a777-59fe-9244-2ef3c128679e.html#ixzz1TpZcm4LP

 

The American people want balanced budgets.

The American people oppose adding between $7,000 billion to $8,000 billion to the National debt over the next ten years.

The American people oppose the tax hike of repealing  Bush tax rate cuts and locking in tax hikes for Obamacare that this bill would enable.

The American people are not fooled by the so-call spending cuts that are in fact only cuts in the rate of growth of the budget baseline and not actual cuts in the budget baseline itself.

The American people oppose yet another increase the national debt ceiling without either a balanced budget amendment being passed by two-thirds majorities in the House and Senate or a balanced budget within three years. 

Now is the time for all good tea party members to come to the aid of their country and vote against the Democratic and Republican Party establishment’s compromise bill to raise the National debt ceiling by over $900 billion for Fiscal Year 2011 and add over $7,000 in additional deficit spending and more national debt over the next ten-year.

For the proposed Fiscal Year 2012 and 2013 budgets the total effect on deficits is only a reduction of $21 billion and $42 billion respectively excluding any future reductions of the Joint Select Committee on Deficit Reduction.

http://www.cbo.gov/ftpdocs/123xx/doc12357/BudgetControlActAug1.pdf

The American people are watching to see if the Tea Party caucus votes as a block to defeat this bill.

Those tea party members who vote in favor of the bill will be challenged in the primaries next year and defeated.

The tea party patriots are not pleased with those Tea Party member who apparently sold out and betrayed the tea party.

The tea party and the American people will be watching.

Should this bill pass the Federal Reserve will start printing money with quantitative easing 3 or creating money to purchase Treasury securities or more debt.

Quantitative Easing 3 or creating more money to buy U.S. Treasury securities will begin in the fall after the National Bureau of Economic Research’s Business Cycle Dating Committee officially determines that the U.S. Economy has been in a recession since the middle of 2010.

http://papers.nber.org/cycles/cyclesmain.html 

Once it is announced the U.S. economy is again in a recession, the Federal Reserve will use this fact to justify another massive money printing program of over $1,000 billion to finance the deficit spending in Fiscal Year 2012 of over $1,000 billion.

This in turn will lead to inflation or a general rise in the price level.

The economy is currently in a another recession that started in July 2010–the dreaded double dip recession.

The result will be even higher unemployment rates and inflation–stagflation.

This bill is not only not perfect, it is an economic disaster in the making.

Vote for this bill and you will be wrecking the economy, destroying jobs and killing the American dream.

The American people will not forget those who voted for this bill–both Democrats and Republicans.

You do not compromise your principles to vote for this bill especially given the damage this bill will cause to the American people and economy.

In 2012 the tea party will double its numbers in the Congress and the Senate with over 100 Representatives and over 12 Senators who have signed the Fiscal Responsibility Pledge.

Judge: You Can’t Get Out of Debt By Spending

 

American Citizens for Fiscal Responsibility

“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”
~Thomas Jefferson

 

Fiscal Responsibility Pledge

I, ________________________________________, pledge to the taxpayers of the state

of ____________________________, and to the American people that I will:

1. Support and vote for only balanced budgets or surplus budgets where total estimated Federal government tax revenues for each fiscal year equals or exceeds total estimated Federal government spending outlays.

2. Support and vote for only decreases in the national debt ceiling.

3. Support and vote for the FairTax. The FairTax abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax on new goods and services, and administered primarily by existing state sales tax authorities. Once enacted any changes in the FairTax or increases in the FairTax rate will require two-thirds roll call vote of the House of Representatives and Senate.

4. Support and vote for the repeal of the 16th Amendment to the Constitution of the United States.

5. Support and vote for a balanced budget Amendment to the Constitution of the United State which allows budget surpluses or requires the balancing of tax revenues and spending outlays each fiscal year, limits Federal Government spending to eight-teen percent (18%) of Gross Domestic Product or less, requires a two-thirds majority roll call vote for any proposed tax increase in the House of Representatives and Senate and where the only exception to a surplus budget or balanced budget is the passage of a declaration of war that would require unbalanced budgets and increases in the national debt.

___________________________________________   _____________________________________

Signature                                                                                                  Date Signed

___________________________________________   _____________________________________

Witness                                                                                                     Witness

Pledge must be signed, dated, witnessed and returned to the:

American Citizens for Fiscal Responsibility

10455 N. Central Expressway-#109-228

Dallas, Texas 75231

Background Articles and Videos

 

The Secret of Oz (by Mr Bill Still)

 

Michael Savage-August 1, 2011 part 3

 

Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano

 

Baseline Budgeting Explained

US Business Cycle Expansions and Contractions

http://papers.nber.org/cycles/cyclesmain.html 

The NBER’s Business Cycle Dating Committee

“…The NBER’s Business Cycle Dating Committee maintains a chronology of the U.S. business cycle. The chronology comprises alternating dates of peaks and troughs in economic activity. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak. During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year. Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.

In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth. The Committee applies its judgment based on the above definitions of recessions and expansions and has no fixed rule to determine whether a contraction is only a short interruption of an expansion, or an expansion is only a short interruption of a contraction. The most recent example of such a judgment that was less than obvious was in 1980-1982, when the Committee determined that the contraction that began in 1981 was not a continuation of the one that began in 1980, but rather a separate full recession.

The Committee does not have a fixed definition of economic activity. It examines and compares the behavior of various measures of broad activity: real GDP measured on the product and income sides, economy-wide employment, and real income. The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve’s index of industrial production (IP). The Committee’s use of these indicators in conjunction with the broad measures recognizes the issue of double-counting of sectors included in both those indicators and the broad measures. Still, a well-defined peak or trough in real sales or IP might help to determine the overall peak or trough dates, particularly if the economy-wide indicators are in conflict or do not have well-defined peaks or troughs.

FAQs – Frequently asked Questions and additional information on how the NBER’s Business Cycle Dating Committee chooses turning points in the Economy …”

http://papers.nber.org/cycles/recessions.html

Ron Paul: Freeze The Budget And Stop Plundering American People! – OpEd

Written by:

“…In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase. No plan under serious consideration cuts spending in the way you and I think about it. Instead, the cuts being discussed are illusory and are not cuts from current amounts being spent, but cuts in prospective spending increases. This is akin to a family saving $100,000 in expenses by deciding not to buy a Lamborghini and instead getting a fully loaded Mercedes when really their budget dictates that they need to stick with their perfectly serviceable Honda.

But this is the type of math Washington uses to mask the incriminating truth about the unrepentant plundering of the American people. The truth is that frightening rhetoric about default and full faith in the credit of the United States being carelessly thrown around to ram through a bigger budget than ever in spite of stagnant revenues. If your family’s income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer? That is what our government is doing, with one side merely suggesting a different list of purchases than the other.

In reality, bringing our fiscal house into order is not that complicated or excruciatingly painful at all. If we simply kept spending at current levels, by their definition of cuts that would save nearly $400 billion in the next few years, versus the $25 billion the Budget Control Act claims to cut. It would only take us five years to cut $1 trillion in Washington math just by holding the line on spending. That is hardly austere or catastrophic.

A balanced budget is similarly simple and within reach if Washington had just a tiny amount of fiscal common sense. Our revenues currently stand at approximately $2.2 trillion a year and are likely to remain stagnant as the recession continues. Our outlays are $3.7 trillion and projected to grow every year. Yet we only have to go back to 2004 for federal outlays of $2.2 trillion, and the government was far from small that year. If we simply referred to that year’s spending levels, which would hardly do us fear, we would have a balanced budget right now. If we held the line on spending and the economy actually did grow as estimated, the budget would balance on its own by 2015 with no cuts whatsoever. …”

http://www.eurasiareview.com/ron-paul-freeze-the-budget-and-stop-plundering-american-people-oped-31072011/

 

Congress moving quickly on debt and spending deal

“…Tea party favorite and presidential candidate Michele Bachmann, R-Minn., countered that the deal “spends too much and doesn’t cut enough. … Someone has to say no. I will.”

The government presently borrows more than 40 cents of every dollar it spends, and without an infusion of borrowing authority, the government would face an unprecedented default on U.S. loans and obligations — like $23 billion worth of Social Security pension payments to retirees due Aug. 3.

The increased borrowing authority includes $400 billion that would take effect immediately and $500 billion that Obama could order unless specifically denied by Congress. That $900 billion increase in the debt cap would be matched by savings produced over the coming decade by capping spending on day-to-day agency budgets passed by Congress each year.

A special bipartisan committee would be established to find up to $1.5 trillion in deficit cuts, probably taken from benefit programs like farm subsidies, Medicare and the Medicaid health care program for the poor and disabled. Republicans dismissed the idea that the panel would approve tax increases.

Any agreement by the panel would be voted on by both House and Senate — and if the panel deadlocked, automatic spending cuts would slash across much of the federal budget. Social Security, Medicaid and food stamps would be exempt from the automatic cuts, but payments to doctors, nursing homes and other Medicare providers could be trimmed, as could subsidies to insurance companies that offer an alternative to government-run Medicare.

Sen. John McCain, R-Ariz., said he’d have to “swallow hard” and vote for the legislation even though he is worried about cuts in defense spending. …”

http://abclocal.go.com/kgo/story?section=news/politics&id=8281927 

 

 Tea Party Caucus

The Tea Party Caucus is a caucus of the United States House of Representatives and Senate launched and chaired by Minnesota Congresswoman Michele Bachmann on July 16, 2010.[1] The caucus is dedicated to promoting fiscal responsibility, adherence to the movement’s interpretation of the Constitution, and limited government. The idea of a Tea Party Caucus originated from Kentucky Senator Rand Paul when he was campaigning for his current seat.[2]

The caucus was approved as an official congressional member organization by the House Administration Committee on July 19, 2010[3] and held its first meeting on July 21. Its first public event was a press conference on the grounds of the U.S. Capitol, also on July 21.[4] Four Senators joined the caucus on January 27, 2011.[5]

Members, 112th Congress

The caucus chairman is Michele Bachmann of Minnesota. As of March 31, 2011 the committee has 60 members, all Republicans.[15]

  • Sandy Adams, Florida
  • Robert Aderholt, Alabama
  • Todd Akin, Missouri
  • Rodney Alexander, Louisiana
  • Michele Bachmann, Minnesota, Chairman
  • Roscoe Bartlett, Maryland
  • Joe Barton, Texas
  • Gus Bilirakis, Florida
  • Rob Bishop, Utah
  • Diane Black, Tennessee
  • Michael C. Burgess, Texas
  • Paul Broun, Georgia
  • Dan Burton, Indiana
  • John Carter, Texas
  • Bill Cassidy, Louisiana
  • Howard Coble, North Carolina
  • Mike Coffman, Colorado
  • Chip Cravaack, Minnesota
  • Ander Crenshaw, Florida
  • John Culberson, Texas
  • Jeff Duncan, South Carolina
  • Blake Farenthold, Texas
  • Stephen Fincher, Tennessee
  • John Fleming, Louisiana
  • Trent Franks, Arizona
  • Phil Gingrey, Georgia
  • Louie Gohmert, Texas
  • Vicky Hartzler, Missouri
  • Wally Herger, California
  • Tim Huelskamp, Kansas
  • Lynn Jenkins, Kansas
  • Steve King, Iowa
  • Doug Lamborn, Colorado
  • Jeff Landry, Louisiana
  • Blaine Luetkemeyer, Missouri
  • Kenny Marchant, Texas
  • Tom McClintock, California
  • David McKinley, West Virginia
  • Gary Miller, California
  • Mick Mulvaney, South Carolina
  • Randy Neugebauer, Texas
  • Rich Nugent, Florida
  • Steve Pearce, New Mexico
  • Mike Pence, Indiana
  • Ted Poe, Texas
  • Tom Price, Georgia
  • Denny Rehberg, Montana
  • Phil Roe, Tennessee
  • Dennis Ross, Florida
  • Ed Royce, California
  • Steve Scalise, Louisiana
  • Tim Scott, South Carolina
  • Pete Sessions, Texas
  • Adrian Smith, Nebraska
  • Lamar Smith, Texas
  • Cliff Stearns, Florida
  • Tim Walberg, Michigan
  • Joe Walsh, Illinois
  • Allen West, Florida
  • Lynn Westmoreland, Georgia
  • Joe Wilson, South Carolina

Members of Senate Caucus

    • Jim DeMint (South Carolina)[5]
    • Mike Lee (Utah)[5]
    • Jerry Moran (Kansas)
    • Rand Paul (Kentucky)[5]

 

Aronoff: Media’s Disgraceful Coverage of Debt-Ceiling Debate

“…The general performance of the media during the debt ceiling debate has been atrocious. The currency of journalists consists of words, and by completely debasing that currency, they are undermining their profession. They are also making it that much more difficult for the public to understand the choices and the consequences they are facing.

The constant reference to August 2nd being the date we default on our debt is utterly false. ABC has shown a “Countdown to Default” clock, ticking away to August 2nd. CNN has run similar graphics, as have all the networks, including the Fox News Channel. Even today MSNBC is showing a graphic that says, “Four Days to Default.” They have continued right through this week. Default occurs only if and when the U.S. fails to make interest payments to the bondholders on the debt it owes. Not only is August 2nd not the day the U.S. defaults on its debt, but the issue could easily be taken off the table, and President Obama could calm the markets by announcing that under no circumstances will he allow the U.S. to default, and he could assure that by saying he will definitely make that payment the highest priority until a deal is reached in Congress. Instead, he chose to have the debt ceiling “used as a gun against the heads” of Americans, which is exactly what he accused the Republicans of doing earlier this month, in language that was supposed to be no longer acceptable after the tragic shooting of Rep. Gabrielle Giffords in Tucson last January.

Charles Gasparino of Fox Business News reported this week that the Obama administration has begun calling major Wall Street banks to assure them that the U.S. won’t default on its debt. Sources have told me that the administration is also trying to get the banks to lobby on its behalf.

The other egregious falsehood reveals an astounding lack of knowledge, or willingness to deceive, about the difference between the deficit and the national debt. Here, for example, from Jake Tapper of ABC News: “The president continues to push for a ‘grand bargain,’ buoyed by the bipartisan ‘Gang of Six’ proposal that would reduce the deficit by $3.7 trillion over the next decade through spending cuts and tax increases.”

And here, from Stephanie Condon of CBS News: “The deal would reduce the deficit by nearly $4 trillion…”

President Obama in his July 25th prime time address to the country said, “This balanced approach asks everyone to give a little without requiring anyone to sacrifice too much. It would reduce the deficit (emphasis added) by around $4 trillion and put us on a path to pay down our debt.

This misuse of the language has been the rule, not the exception. As explained on the Treasury Department’s own website, “The deficit is the difference between the money Government takes in, called receipts, and what the Government spends, called outlays, each year.” (emphasis added)  The same website says that “One way to think about the debt is as accumulated deficits.” This is basic economics, but astonishingly, the President and most of the media constantly get it wrong. Is it on purpose, to mislead, or do they not understand the difference? …”

http://www.gopusa.com/commentary/2011/08/01/aronoff-media%e2%80%99s-disgraceful-coverage-of-debt-ceiling-debate/

Which Budgets Are Balanced And Living Within The Means of The American People?

 

4/5/11 Republican Leadership Press Conference

Democratic Party Budget Proposals

S-1 FY2012 President’s Budget

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

http://budget.house.gov/UploadedFiles/PathToProsperityFY2012.pdf

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

SA@TAC – The GOP, War and the Debt

3/09/11: Sen. Rand Paul on balancing the budget

03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurpluses Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

Baseline (budgeting)

“…Baseline budgeting is a method of developing a budget which uses existing spending levels as the basis for establishing future funding requirements. The concept assumes that the organization is generally headed in the right direction and only minor changes in spending levels will be required. The baseline is normally enhanced by adding adjustment factors based on issues such as inflation, new programs, and anticipated changes to existing programs.

The genesis of baseline budget projections can be found in the Congressional Budget Act of 1974. That act required the Office of Management and Budget (OMB) to prepare projections of federal spending for the upcoming fiscal year based on a continuation of the existing level of governmental services. It also required the newly established Congressional Budget Office to prepare five-year projections of budget authority, outlays, revenues, and the surplus or deficit. OMB published its initial current-services budget projections in November 1974, and CBO’s five-year projections first appeared in January 1976. Today’s baseline budget projections are very much like those prepared more than two decades ago, although they now span 10 years instead of five.

The Budget Act was silent on whether to adjust estimates of discretionary appropriations for anticipated changes in inflation. Until 1980, OMB’s projections excluded inflation adjustments for discretionary programs. CBO’s projections, however, assumed that appropriations would keep pace with inflation, although CBO has also published projections without these so-called discretionary inflation adjustments.

CBO’s budget projections took on added importance in 1980 and 1981, when they served as the baseline for computing spending reductions to be achieved in the budget reconciliation process. The reconciliation instructions contained in the fiscal year 1982 budget resolution (the so-called Gramm-Latta budget) required House and Senate committees to reduce outlays by a total of $36 billion below baseline levels, but each committee could determine how those savings were to be achieved. The CBO baseline has been used in every year since 1981 for developing budget resolutions and measuring compliance with reconciliation instructions.

The Deficit Control Act of 1985 provided the first legal definition of baseline. For the most part, the act defined the baseline in conformity with previous usage. If appropriations had not been enacted for the upcoming fiscal year, the baseline was to assume the previous year’s level without any adjustment for inflation. In 1987, however, the Congress amended the definition of the baseline so that discretionary appropriations would be adjusted to keep pace with inflation. Other technical changes to the definition of the baseline were enacted in 1990, 1993, and 1997.

Baseline budget projections increasingly became the subject of political debate and controversy during the late 1980s and early 1990s, and more recently during the 2011 debt limit debate. Some critics contend that baseline projections create a bias in favor of spending by assuming that federal spending keeps pace with inflation and other factors driving the growth of entitlement programs. Changes that merely slow the growth of federal spending programs have often been described as cuts in spending, when in reality they are actually reductions in the rate of spending growth.

There have been attempts to eliminate the baseline budget concept and replace it with zero based budgeting, which is the opposite of baseline budgeting. Zero based budgeting requires that all spending must be re-justified each year or it will be eliminated from the budget regardless of previous spending levels.

According to the Government Accountability Office, a Baseline is as follows:

Baseline

“An estimate of spending, revenue, the deficit or surplus, and the public debt expected during a fiscal year under current laws and current policy. The baseline is a benchmark for measuring the budgetary effects of proposed changes in revenues and spending. It assumes that receipts and mandatory spending will continue or expire in the future as required by law and that the future funding for discretionary programs will equal the most recently enacted appropriation, adjusted for inflation. Under the Budget Enforcement Act (BEA), which will expire at the end of fiscal year 2006, the baseline is defined as the projection of current-year levels of new budget authority, outlays, revenues, and the surplus or deficit into the budget year and outyears based on laws enacted through the applicable date.

CBO Baseline

Projected levels of governmental receipts (revenues), budget authority, and outlays for the budget year and subsequent fiscal years, assuming generally that current policies remain the same, except as directed by law. The baseline is described in the Congressional Budget Office’s (CBO) annual report for the House and Senate Budget Committees, The Budget and Economic Outlook, which is published in January. The baseline, by law, includes projections for 5 years, but at the request of the Budget Committees, CBO has provided such projections for 10 years. In most years the CBO baseline is revised in conjunction with CBO’s analysis of the President’s budget, which is usually issued in March, and again during the summer. The “March” baseline is the benchmark for measuring the budgetary effects of proposed legislation under consideration by Congress.” …”

External links

http://en.wikipedia.org/wiki/Baseline_(budgeting)

 

Rasmussen Reports

Most Voters Are Unhappy With Both Sides in the Debt Ceiling Debate

“…Most voters don’t care much for the way either political party is performing in the federal debt ceiling debate.

The latest Rasmussen Reports national telephone survey finds that 58% of Likely U.S. Voters at least somewhat disapprove of the way President Obama and congressional Democrats are handling the debate over the debt ceiling, with 38% who Strongly Disapprove. But 53% also disapprove of how congressional Republicans are handling the debate, including 32% who Strongly Disapprove.

Just 36% approve of how Obama and Democrats are doing, with 10% who Strongly Approve. Forty percent (40%) approve of the GOP’s performance, including 13% who Strongly Approve. (To see survey question wording, click here.)

While the two sides continue to wrangle over how to avoid defaulting on the government’s massive debt load, most voters nationwide are worried the final deal will raise taxes too much and cut spending too little.

Whatever spending cuts are in the final deal, 49% of all voters don’t think the government will actually cut the spending agreed upon. A commentary by Scott Rasmussen, published in Politico, put it this way: “Based on the history of the past few decades, voters have learned that politicians promising unspecified spending cuts should be treated with all the credibility of a six-year old boy caught with his hand in the cookie jar promising to be good for the rest of his life.” …”

http://www.rasmussenreports.com/public_content/politics/general_politics/july_2011/most_voters_are_unhappy_with_both_sides_in_the_debt_ceiling_debate

 

Rasmussen Reports

55% Oppose Tax Hike In Debt Ceiling Deal

“…As the Beltway politicians try to figure out how they will raise the debt ceiling and for how long, most voters oppose including tax hikes in the deal.

Just 34% think a tax hike should be included in any legislation to raise the debt ceiling. A new Rasmussen Reports national telephone survey finds that 55% disagree and say it should not. …”

“…There is a huge partisan divide on the question. Fifty-eight percent (58%) of Democrats want a tax hike in the deal while 82% of Republicans do not. Among those not affiliated with either major political party, 35% favor a tax hike and 51% are opposed.

Americans who earn more than $75,000 a year are evenly divided as to whether a tax hike should be included in the debt ceiling deal. Those who earn less are opposed to including tax hikes.

Voters remain very concerned about the debt ceiling issue. Sixty-nine percent (69%) believe that it would be bad for the economy if a failure to raise the debt ceiling led to government defaults. Only 6% believe it would be good for theeconomy. Fourteen percent (14%) believe it would have no impact and 11% are notsure. These figures are little changed from a few weeks ago. …”

http://www.rasmussenreports.com/public_content/business/taxes/july_2011/55_oppose_tax_hike_in_debt_ceiling_deal

House passes Ryan’s ’12 budget; conservatives want more cuts

By Erik Wasson and Pete Kasperowicz – 04/15/11

“…The House on Friday approved a fiscal year 2012 budget resolution from Budget Committee Chairman Paul Ryan (R-Wis.) that seeks to drastically limit government spending next year and in years to follow.

But the vote on the measure — which imposes $5.8 trillion in spending cuts over the next decade — came after a clear sign that at least half of the Republican Caucus supports even tougher spending cuts.

The final tally was 235-193, with four Republicans opposing it. They were Reps. Ron Paul (Texas), Denny Rehberg (Mont.), Walter Jones (N.C.) and David McKinley (W.Va.).

Rehberg, the appropriator in charge of health spending, is running for Montana’s Senate seat.

Majority Whip Kevin McCarthy (R-Calif.) said listening sessions with Republican members made it the strongest vote of the year.

“This is the process we should follow on all votes,” he said.

Every Democrat voted “no.” …”

http://thehill.com/blogs/on-the-money/budget/156379-house-clears-ryans-2012-budget-plan-conservatives-want-more-cuts

House passes cut, cap and balance — and a deal is in sight

By

“…The Republican-controlled House defied a presidential veto threat Tuesday night in approving a bill to amend the Constitution to require a balanced federal budget. But Speaker John A. Boehner acknowledged that a backup plan is needed, and a Senate GOP leader said he expects such an alternative to win his chamber’s approval.

The House voted 234 to 190 in favor of the “Cut, Cap and Balance Act,” which the White House has said will be vetoed in the unlikely event it passes the Senate and reaches President Obama’s desk. Faced with those prospects, Boehner told reporters that it would also be responsible to consider a backup plan for raising the federal debt ceiling and thus averting a potentially disastrous default on U.S. obligations.

http://www.washingtonpost.com/blogs/right-turn/post/house-passes-cut-cap-and-budget–and-a-deal-is-in-sight/2011/03/29/gIQA7JIzOI_blog.html?hpid=z3

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Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos

The Second Obama Recession Starts Or The Great Obama Depression Continues–The Growth Rate of Gross Domestic Product Declines For Four Consecutive Quarters–The Economy Has Peaked And Entered A Period Of Stagflation–Rising Prices, Unemployment And Obama Misery Index!–Ron Paul To The Rescue?–Videos

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Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos

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American Citizens for Fiscal Responsibility

“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”
~Thomas Jefferson

 

Fiscal Responsibility Pledge

I, ________________________________________, pledge to the taxpayers of the state

of ____________________________, and to the American people that I will:

1.  Support and vote for only balanced budgets or surplus budgets where total estimated Federal government tax revenues for each fiscal year equals or exceeds  total estimated Federal government spending outlays.

2. Support and vote for only decreases in the national debt ceiling.

3. Support and vote for the FairTax. The FairTax  abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax on new goods and services, and  administered primarily by existing state sales tax authorities. Once enacted any changes in the FairTax or increases in the FairTax rate will require two-thirds  roll call vote of the House of Representatives and Senate.

4. Support and vote for the repeal of the 16th Amendment to the Constitution of the United States.

5. Support and vote for a balanced budget Amendment to the Constitution of the United State which allows budget surpluses or requires the balancing of tax revenues and spending outlays  each fiscal year, limits Federal Government spending to eight-teen percent (18%) of Gross Domestic Product or less, requires a two-thirds majority roll call vote for any proposed tax increase in the House of Representatives and Senate and  where the only exception to a surplus budget or  balanced budget is the passage of a declaration of war that would require unbalanced budgets and increases in the national debt.

 

___________________________________________       ___________________________________

Signature                                                                                                      Date Signed

 

__________________________________________         ___________________________________

Witness                                                                                                         Witness

 

Pledge must be signed, dated, witnessed and returned to the:

 American Citizens for Fiscal Responsibility

10455 N. Central Expressway-#109-228

Dallas, Texas 75231

 

Background Articles and Videos

Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano

 

It’s Simple to Balance The Budget Without Higher Taxes

 

US bankruptcy, fiscal ‘child abuse’ and six-decade Ponzi scheme

 

 

Next Generation To Suffer From Fiscal Gap…Kotlikoff Says!

 

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

 

“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending

 

Underwhelming Spending Cuts from Congress and Obama

 

Obama/Boehner’s Phony Spending Cuts

 

House GOP’s $61 Billion Spending Cuts in Perspective

 

 

 

 

Senator Rand Paul Speaks Out Against the Continuing Resolution

 

Our Troubling Tax System

 

What is the FairTax legislation?

 

Lugar Cosponsors the FairTax

 

The FairTax: It’s Time

FairTax.org

http://www.fairtax.org/site/PageServer?pagename=about_main

Ron Paul Ad – Conviction

DEBT CEILING | Ron Paul | Debt Crisis

Michele Bachmann: Courage

 

 

Raising the Debt Ceiling: It Just Makes Sense. Not.

 

 

U.S. Senator Mike Lee Proposes a Constitutional Amendment to Limit Congress’ Spending

America is bankrupt

Laurence Kotlikof

“…THE US has a fiscal gap—the present value of all its future spending (including servicing its official debt) less all its future taxes of $202 trillion—almost 14 times GDP. Greece, by comparison, has a fiscal gap of about 11 times GDP. To close the US fiscal gap would require raising all federal taxes, immediately and permanently by almost two thirds!

The Economist as well as all other financial media as well as virtually all economists (academic and business) and policymakers are focusing on the official debt. For the US, the official debt is $9 trillion. This is minor compared to the fiscal gap, which includes all liabilities, official and unofficial. The fiscal gap is huge compare to the official debt because Uncle Sam has spent six decades accumulating massive obligations to make social insurance payments, which it carefully kept off the books. …”

http://www.economist.com/economics/by-invitation/guest-contributions/america_bankrupt

U.S. funding for future promises lags by trillions

By Dennis Cauchon, USA TODAY

“…The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

This gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product.

Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling.

Social Security added $1.4 trillion in obligations, partly reflecting longer life expectancies. Federal and military retirement programs added more to the financial hole, too.

Corporations would be required to count these new liabilities when they are taken on — and report a big loss to shareholders. Unlike businesses, however, Congress postpones recording spending commitments until it writes a check.

The $61.6 trillion in unfunded obligations amounts to $528,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.

“The (federal) debt only tells us what the government owes to the public. It doesn’t take into account what’s owed to seniors, veterans and retired employees,” says accountant Sheila Weinberg, founder of the Institute for Truth in Accounting, a Chicago-based group that advocates better financial reporting. “Without accurate accounting, we can’t make good decisions.” …”

http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-in-debt_n.htm

A SUMMARY OF THE 2011 ANNUAL REPORTS
Social Security and Medicare Boards of Trustees


A MESSAGE TO THE PUBLIC:

Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. This message summarizes our 2011 Annual Reports.

The financial conditions of the Social Security and Medicare programs remain challenging. Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative modifications if disruptive consequences for beneficiaries and taxpayers are to be avoided.

The long-run financial challenges facing Social Security and Medicare should be addressed soon. If action is taken sooner rather than later, more options and more time will be available to phase in changes so that those affected have adequate time to prepare. Earlier action will also afford elected officials with a greater opportunity to minimize adverse impacts on vulnerable populations, including lower-income workers and those who are already substantially dependent on program benefits.

Both Social Security and Medicare, the two largest federal programs, face substantial cost growth in the upcoming decades due to factors that include population aging as well as the growth in expenditures per beneficiary. Through the mid-2030s, due to the large baby-boom generation entering retirement and lower-birth-rate generations entering employment, population aging is the largest single factor contributing to cost growth in the two programs. Thereafter, the continued rapid growth in health care cost per beneficiary becomes the larger factor.

http://www.ssa.gov/OACT/TRSUM/index.html

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

 

4/5/11 Republican Leadership Press Conference

 

O’Reilly — Does Obama Care About the Economy?

 

Democrats’ Budget Plan – “Blank Check”

 

Democratic Party Budget Proposals

S-1 FY2012 President’s Budget

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

http://budget.house.gov/UploadedFiles/PathToProsperityFY2012.pdf

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

SA@TAC – The GOP, War and the Debt

3/09/11: Sen. Rand Paul on balancing the budget

03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurpluses Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

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