President Obama’s Proposed Budgets and Deficits For 2009-2013 Will Harm The United States of America and The American People–It’s Time–Join The Second American Revolution–August 28, 2010 in Washington D.C.–Three Million March!

Posted on February 1, 2010. Filed under: Blogroll, Climate, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government, Fiscal Policy, government, government spending, Health Care, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Security, Talk Radio, Taxes, Technology, Transportation, Video, War, Wisdom | Tags: , , , , , , |

Saddling Posterity with Debt

“We believe–or we act as if we believed–that although an individual father cannot alienate the labor of his son, the aggregate body of fathers may alienate the labor of all their sons, of their posterity, in the aggregate, and oblige them to pay for all the enterprises, just or unjust, profitable or ruinous, into which our vices, our passions or our personal interests may lead us. But I trust that this proposition needs only to be looked at by an American to be seen in its true point of view, and that we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority.”    

~Thomas Jefferson to John Wayles Eppes, 1813

US Debt Clock

 

http://www.usdebtclock.org/    

 

National Debt- How Much Is A Billion Dollars? Dave Walker

Republican Response to Obama Budget Request – Bloomberg

  

Dick Morris & Sean Hannity On Obama’s Budget

President Obama’s Proposed Budget Deficits from 2009 to 2013

  

Fiscal Year Deficit Estimated and Actual Amounts
2013 $727.3 Billion
2012 $828.5 Billion
2011 $1,266.7 Billion
2010 $1,555.6 Billion plus
2009 $1,412.7Billion*

* Includes Obama’s stimulus package with interest plus Bush’s original budget estimate 

http://www.whitehouse.gov/omb/budget/Historicals/ 

Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2015 

President Bush’s Actual and Estimated Budget Deficits from 2004-2009

Fiscal Year Deficit Estimated and Actual Amounts
2009 $1,412.7 Billion *
2007 $162.8 Billion
2006 $247.7 Billion
2005 $318.6 Billion
2004 $412.5 Billion

** Includes Obama’s stimulus package with interest plus Bush’s original budget estimate 

http://www.whitehouse.gov/omb/budget/Historicals/ 

Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2015 

http://www.americanthinker.com/blog/2009/02/obamas_new_budget_deficit_math.html
 

Budgeting for a New Era of Responsibility? 

  

 

Detailing the FY2011 Budget 

     

Walker: The Republic is at Risk 

Tim Pawlenty Rips Obama Administration, Congress for Creating a ‘Ponzi Scheme’ Budget

 

 

Irwin Stelzer on President Obama’s Budget Proposal 

Krauthammer on Obama’s Budget Cuts: A Q-Tip Not a Scalpel, A Fraud… Lunch Money 

Obama Budget Would Create Highest-ever Deficit 

How many Federal Government Departments were closed? None.    

How many Federal Government employees were laid off? None.    

How many large on-going Federal programs have been terminated? None.    

Is the Federal Budget balanced? No.    

Is the National Debt decreasing? No.    

Is the number of unemployed American decreasing? No.    

This Friday the Department of Labor’s  Bureau of Labor Statistics will announce an increase in the unemployment rate.    

There are now over 26,000,000 million Americans searching  for a full time job.    

By July 4, 2010 the number of unemployed Americans seeking a full time job will exceed 30,000,000!    

This is  over twice the 13,000,000 Americans that were unemployed during the worse month of the Great Depression, March, 1933.    

Thirty million unemployed American citizens is approximatley the number of illegal aliens currently living and working in the United States.    

These illegal aliens are employed in jobs that unemployed American citizens need and want.    

These illegal aliens are receiving government food stamps, medical care and education paid for by American citizens.    

These illegal aliens are encouraged by both the policies of the United States and Mexican governments to live and work in the United States.    

Legal and limited immigration is supported by the vast majority of the American people.    

Illegal and massive  immigration  is opposed by over 80% of the American people.    

The American people want comprehensive immigration law enforcement not comprehensive immigration reform, a code word for amnesty for illegal aliens and open borders.    

 The American people want  illegal alien removal from the workplace and illegal alien deportation to their country of origin.    

The American people will vote out of office any politican who will not support stopping and reversing the  invasion of the United States by illegal aliens and comprehensive immigration law enforcement.    

American families are the first priority.    

Illegal aliens and non-essential Federal Department civil service employees are simply not a priority.

The republic of the United States of America is facing bankruptcy within ten years.

The United States is currently waging a war with with hundreds of millions of Islamic religious fanatics world wide who want to kill Americans, Christians, Jews, and others not following their religious beliefs wherever and whenever they can with whatever means available including chemical, biological and nuclear weapons.

In the middle of the worse economic recession since the Great Depression, President Obama is now proposing to increase taxes on all Americans no matter what their income by letting the Bush tax rate cuts expire at the end of 2010 and instituting  a number of backdoor income taxes for those earning less than $250,000 (see  excerpts from story below entitled Backdoor taxes to hit middle class).    

“…If the provisions are allowed to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.    

Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital-gains tax increasing to 20 percent from 15 percent. The estate tax is eliminated this year, but it will return in 2011 — though there has been talk about reinstating the death tax sooner.    

Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a “patch” that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.    

Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year’s levels, the tax will hit American families that can hardly be considered wealthy — the AMT exemption for 2009 was $46,700 for singles and $70,950 for married couples filing jointly. …”    

http://news.yahoo.com/s/nm/20100201/bs_nm/us_budget_backdoortaxes    

Neither higher Federal Government spending nor higher Federal Government taxation will avert economic disaster in the form of the Obama Depression.    

Bigger government is not the solution.    

Bigger government is the problem.  

Eight Reasons Why Big Government Hurts Economic Growth 

The Empirical Evidence Against Big Government 

Neither the Democratic nor Republican parties are serious about cutting the size and scope of the Federal Government in order to create wealth and jobs.    

The progressive radical socialist of both the Democratic and Republican parties have and continue to intentionally destroy jobs, wreck the economy, and kill the American dream by economic policies that expand Federal, state and local government at the expense of the American family.    

Neither the Republican nor Democratic parties have been fiscally responsible–just the opposite.   

Progressive radical socialists of both parties are lying to the American people if they claim they are fiscally responsible.   

Progressive radical socialists are deliberately and intentionally proposing budgets that will bankrupt the republic of the United States and the American people.   

Progressive radical socialists are the enemies of the American people.   

The American people will not allow the progressive radical socialists of either party to destroy their country, dreams and families.   

President Obama is not for hope and change.   

President Obama is for the decline and destruction of America.   

President Obama is following the Coward-Piven strategy of creating crisis and government dependency.   

President Obama is enemy number one of the American people.   

Jack Cafferty: Obama Must Think We’re ‘Morons’ for Telling Us His Budget Will Reduce the Deficit 

In the above video Jack Cafferty asked his viewers how they would cut government spending?    

First, I would ask the American people do they want to receive their Social Security and Medicare benefits they have been paying for in payroll taxes over the years and many are now receiving?    

The vast majority of the American people would answer yes to this question.    

If that is you answer then then to save both Social Security and Medicare, the following Federal Government Departments, agencies and programs must immediately be shut down and closed permanently:    

   

Shut Down and Close Permanently

10 Federal Government Departments,

 Several Agencies and Many Programs Now!

 

1. Department of Agriculture

2. Department of Commerce

3. Department of Education 

4. Department of Energy

5. Department of Health and Human Resources

6. Department of Housing and Urban Development

7. Department of Interior

8. Department of Labor

9. Department of Transportation

10. Department of Veterans Affairs

11. Environmental Protection Agency 

12. Other Independent Agencies

13. International Assistance Programs

 

Real Change and Hope 

Milton Friedman on Libertarianism (Part 4 of 4)

 

 

 

If you think the above plan  is too much and too drastic then you have not seriously looked at the numbers.    

     

U.S. Debt Clock–Real Time

 

http://www.usdebtclock.org/     

     

The National Debt Is Now Over  

$12,300,000,000,000 

 

http://www.treasurydirect.gov/NP/BPDLogin?application=np     

     

The Total Unfunded Liabilities of

The United States of America Are Over 

$107,000,000,000,000 

 

We The People  

Are Broke!

 

Stop Socialist Spending  

 

Then institute the FairTax that is a national sales consumption tax on the sale of new goods and services to replace all Federal taxes including income, payroll, alternative minimum income, gift and estate taxes.  

The FairTax: It’s Time 

Then limit Federal Government spending budget each year to 90% of  national sales consumption FairTaxes collected the previous year with the remaining 10% going to pay down the National Debt over the next one hundred years.    

Finally, enforce all immigration laws by removing from their place of employment and deporting all illegal aliens living and working in the United States.    

Require all employers to use E-Verify to determine whether a person can legally work in the United States.    

Roy Beck on Lou Dobbs Tonight 

Lou Dobbs – 2-2-9 – Obama Admin wants to kill E-Verify 

     

Both the Democratic and Republican parties not to mention the special interests and lobbists in Washington D.C. oppose the above plan.    

Why?    

They enjoy the power, money and status that you the American people provide them in taxes by believing their lies.    

Throw the bums out of office–Democrats and Republicans–the looters and moouchers.    

The time has come for the formation of a limited  government political party at the local, city, state and Federal government levels.    

The time has come for conservatives, libertarians, independents, Democrats, Republicans, and Libertarians to join in a grassroots movement to save our constitutional republic–The United States of America.    

The time has come for a second American revolution.    

  The American People March on Washington D.C.–August 28, 2010–At The Lincoln Memorial! Mark Your Calendar–Be There–Three Million Minimum–Join The Second American  

American People

To

Political Elites

 

American Families First 

On Strike

Shut Departments Down

 

2/1/10 2011 budget is 3.8 trillion w/ 1.6 t deficit, Stuart Varney needs a tranquilizer 

Obama’s 2011 Budget: $3.8 Trillion 

Obama’s $3.7T debt.mov 

HOW TO CUT GOV. SPENDING?: Pres. Obama poposes $3.8 trillion budget 

Congressman Campbell appears on Fox Business to discuss President Obama’s Budget 

Taylor West on CNBC – January 26, 2010 

FOX: Marco Rubio on “Your World w/ Neil Cavuto” 

“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

 

     

Background Articles and Videos

How Much is a Trillion? 

Bennett’s Bottom Line: Obama’s Budget Misses the Mark 

Obama On 2010 Budget 

Coburn Remarks on $3.9 Trillion 2010 Budget 

Largest-ever federal payroll to hit 2.15 million 

“…The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history.    

The Obama administration says the government will grow to 2.15 million employees this year, topping 2 million for the first time since President Clinton declared that “the era of big government is over” and joined forces with a Republican-led Congress in the 1990s to pare back the federal work force.    

Most of the increases are on the civilian side, which will grow by 153,000 workers, to 1.43 million people, in fiscal 2010.    

The expansion could provide more ammunition to those arguing that the government is trying to do too much under President Obama.    

“I’m shocked that the ‘tea party’ hasn’t focused on it yet, and the Obama administration only has a thin sliver of time to deal more directly with it, I believe,” said Paul C. Light, who studies the federal bureaucracy as a senior fellow at the Brookings Institution and a professor at New York University. “When you talk about big government, you’re talking about a big employer.” …”    

“…From 1981 through 2008, the civilian work force remained at about 1.1 million to 1.2 million, with a low of 1.07 million in 1986 and a high of more than 1.2 million in 1993 and in 2008. In 2009, the number jumped to 1.28 million.    

Including both the civilian and defense sectors, the federal government will employ 2.15 million people in 2010 and 2.11 million in 2011, excluding Postal Service workers.    

The administration says 79 percent of the increases in recent years are from departments related to the war on terrorism: Justice, Defense, Homeland Security, State and Veterans Affairs.”    

http://washingtontimes.com/news/2010/feb/02/burgeoning-federal-payroll-signals-return-of-big-g/    

Backdoor taxes to hit middle class

 

“…The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.    

In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year — effectively a tax hike by stealth.    

While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.    

The targeted tax provisions were enacted under the Bush administration’s Economic Growth and Tax Relief Reconciliation Act of 2001. Among other things, the law lowered individual tax rates, slashed taxes on capital gains and dividends, and steadily scaled back the estate tax to zero in 2010.    

If the provisions are allowed to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.    

Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital-gains tax increasing to 20 percent from 15 percent. The estate tax is eliminated this year, but it will return in 2011 — though there has been talk about reinstating the death tax sooner.    

Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a “patch” that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue. …”    

http://news.yahoo.com/s/nm/20100201/bs_nm/us_budget_backdoortaxes  

Deficit to Hit All-Time High

Obama’s $3.8 Trillion Budget Forecasts a $1.6 Trillion Shortfall for 2010 Before It Drops

By JONATHAN WEISMAN

“…The budget embodies Mr. Obama’s larger predicament of needing to contain the deficit without harming the economy, which remains fragile. The deficit has become a major political issue, as antigovernment activists swing independents against what they describe as Mr. Obama’s big-government policies and Republicans try to regain the mantle of fiscal responsibility after the Bush years saw surpluses swing to deficits.

Republicans have said they aren’t likely to cooperate with Mr. Obama on his deficit-reduction approach, opposing tax increases even as they attack Democrats for proposing cuts to Medicare. Meanwhile, senior Democrats in Congress have shown themselves reluctant to cut spending with unemployment hovering at 10%.

Under the Obama budget, this year’s $1.6 trillion deficit would fall to $1.3 trillion in the fiscal year that begins Oct. 1. It would drop to $700 billion in 2013 and 2014, the budget projects, on the assumption that the economy recovers, tax receipts start rising again with incomes, and stimulus spending drops off.

http://online.wsj.com/article/SB10001424052748704722304575037470289762694.html

 

 

 

SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (−):
1929–2015
In Millions of Dollars
Year Receipts Outlays Deficits/Surpluses
1929 3,862 3,127 734
1930 4,058 3,320 738
1931 3,116 3,577 -462
1932 1,924 4,659 -2,735
1933 1,997 4,598 -2,602
1934 2,955 6,541 -3,586
1935 3,609 6,412 -2,803
1936 3,923 8,228 -4,304
1937 5,387 7,580 -2,193
1938 6,751 6,840 -89
1939 6,295 9,141 -2,846
1940 6,548 9,468 -2,920
1941 8,712 13,653 -4,941
1942 14,634 35,137 -20,503
1943 24,001 78,555 -54,554
1944 43,747 91,304 -47,557
1945 45,159 92,712 -47,553
1946 39,296 55,232 -15,936
1947 38,514 34,496 4,018
1948 41,560 29,764 11,796
1949 39,415 38,835 580
1950 39,443 42,562 -3,119
1951 51,616 45,514 6,102
1952 66,167 67,686 -1,519
1953 69,608 76,101 -6,493
1954 69,701 70,855 -1,154
1955 65,451 68,444 -2,993
1956 74,587 70,640 3,947
1957 79,990 76,578 3,412
1958 79,636 82,405 -2,769
1959 79,249 92,098 -12,849
1960 92,492 92,191 301
1961 94,388 97,723 -3,335
1962 99,676 106,821 -7,146
1963 106,560 111,316 -4,756
1964 112,613 118,528 -5,915
1965 116,817 118,228 -1,411
1966 130,835 134,532 -3,698
1967 148,822 157,464 -8,643
1968 152,973 178,134 -25,161
1969 186,882 183,640 3,242
1970 192,807 195,649 -2,842
1971 187,139 210,172 -23,033
1972 207,309 230,681 -23,373
1973 230,799 245,707 -14,908
1974 263,224 269,359 -6,135
1975 279,090 332,332 -53,242
1976 298,060 371,792 -73,732
TQ 81,232 95,975 -14,744
1977 355,559 409,218 -53,659
1978 399,561 458,746 -59,185
1979 463,302 504,028 -40,726
1980 517,112 590,941 -73,830
1981 599,272 678,241 -78,968
1982 617,766 745,743 -127,977
1983 600,562 808,364 -207,802
1984 666,438 851,805 -185,367
1985 734,037 946,344 -212,308
1986 769,155 990,382 -221,227
1987 854,288 1,004,017 -149,730
1988 909,238 1,064,416 -155,178
1989 991,105 1,143,744 -152,639
1990 1,031,972 1,253,007 -221,036
1991 1,054,996 1,324,234 -269,238
1992 1,091,223 1,381,543 -290,321
1993 1,154,341 1,409,392 -255,051
1994 1,258,579 1,461,766 -203,186
1995 1,351,801 1,515,753 -163,952
1996 1,453,055 1,560,486 -107,431
1997 1,579,240 1,601,124 -21,884
1998 1,721,733 1,652,463 69,270
1999 1,827,459 1,701,849 125,610
2000 2,025,198 1,788,957 236,241
2001 1,991,142 1,862,906 128,236
2002 1,853,149 2,010,907 -157,758
2003 1,782,321 2,159,906 -377,585
2004 1,880,126 2,292,853 -412,727
2005 2,153,625 2,471,971 -318,346
2006 2,406,876 2,655,057 -248,181
2007 2,568,001 2,728,702 -160,701
2008 2,523,999 2,982,554 -458,555
2009 2,104,995 3,517,681 -1,412,686
2010 estimate 2,165,119 3,720,701 -1,555,582
2011 estimate 2,567,181 3,833,861 -1,266,680
2012 estimate 2,926,400 3,754,852 -828,452
2013 estimate 3,188,115 3,915,443 -727,328
2014 estimate 3,455,451 4,161,230 -705,779
2015 estimate 3,633,679 4,385,531 -751,852

http://www.whitehouse.gov/omb/budget/Historicals/ 

Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2015 

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