Archive for April 13th, 2011

President Obama’s Fiscal Year 2012 Budget Speech Of April 13, 2011–Eat The Rich And Killing The American Dream Class Warfare–Cuts National Security Spending and Raise Taxes On The Rich–Produces Massive Deficits, National Debt, and Higher Unemployment For 12 More Years–Progressive Radical Socialist Economic Stagflation–Videos

Posted on April 13, 2011. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Raves, Regulations, Resources, Talk Radio, Taxes, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , |

Pronk Pops Show 24: April 19, 2011

Pronk Pops Show 23: April 12, 2011

Pronk Pops Show 22 (Part 2): April 7, 2011

Pronk Pops Show 22 (Part 1): April 7, 2011

“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


President Obama’s Speech on 2012 Budget – April 13, 2011

Rep. Scott: Taxing those at $100,000 and up 100% will not cover deficit

Milton Friedman: Why soaking the rich won’t work.

Paul Ryan Thrashes Obama’s Speech: “Exploiting People’s Emotions” Is “Demagoguery”!

Ryan: Debt crisis lies within spending, not taxes

House Session 2011-04-14 (16:55:00-17:56:59)

Responsibility to the Poor

Howard Roark makes a case against Barack Obama Individual vs collectivism

Ayn Rand – Individual Rights

Francisco’s Money Speech Part 1

Francisco’s money speech Part 2

The Normal State of Man: Misery & Tyranny

Capitalism, Socialism, and the Jews

Who Is John Galt?

Why Did President Obama Invite Paul Ryan To A Front Row Seat To His Speech To Then Insult and Demonize Him?

Paul Ryan: Hiding Spending Doesn’t Reduce Spending

Eat The Rich

 

It’s Simple to Balance The Budget Without Higher Taxes

 

Boehner: We Can’t Tax The Very People We Expect To Create Jobs


Krauthammer: Obama’s Deficit Speech ‘A Disgrace’, ‘Shallow’, ‘Hyper-partisan’ and ‘Deeply Dishonest’

The Problem

“Extreme Spending”

Stop Spending Our Future – The Crisis

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

 

Partial Solutions 

Senator Rand Paul on balancing the budget

Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

Shelby Introduces Balanced Budget Amendment to Constitution

Which Budgets Are Fiscally Responsible?

Which Budgets Are Living Within Ones Means?

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

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Tea Party Solution

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.

Milton Friedman on Libertarianism (Part 4 of 4)

The FairTax: It’s Time

What is the FairTax plan?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 13) is nonpartisan legislation. It 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  administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax:

  • Enables workers to keep their entire paychecks
  • Enables retirees to keep their entire pensions
  • Refunds in advance the tax on purchases of basic necessities
  • Allows American products to compete fairly
  • Brings transparency and accountability to tax policy
  • Ensures Social Security and Medicare funding
  • Closes all loopholes and brings fairness to taxation
  • Abolishes the IRS

Table 1
Summary of Federal Individual Income Tax Data, 2008

(Updated October 2010)

Number of Returns with Positive AGI AGI
($ millions)
Income Taxes Paid
($ millions)
Group’s Share of Total AGI Group’s Share of Income Taxes Income Split Point Average Tax Rate
All Taxpayers 139,960,580 8,426,625 1,031,512 100% 100% 12.24%
Top 1% 1,399,606 1,685,472 392,149 20.00% 38.02% $380,354 23.27%
1-5% 5,598,423 1,241,229 213,569 14.73% 20.70% 17.21%
Top 5% 6,998,029 2,926,701 605,718 34.73% 58.72% $159,619 20.70%
5-10% 6,998,029 929,761 115,703 11.03% 11.22% 12.44%
Top 10% 13,996,058 3,856,462 721,421 45.77% 69.94% $113,799 18.71%
10-25% 20,994,087 1,821,717 169,193 21.62% 16.40% 9.29%
Top 25% 34,990,145 5,678,179 890,614 67.38% 86.34% $67,280 15.68%
25-50% 34,990,145 1,673,932 113,025 19.86% 10.96% 6.75%
Top 50% 69,980,290 7,352,111 1,003,639 87.25% 97.30% >$33,048 13.65%
Bottom 50% 69,980,290 1,074,514 27,873 12.75% 2.70% <$33,048 2.59%
Source: Internal Revenue Service Table 6
Total Income Tax Shares, 1980-2008 (Percent of federal income tax paid by each group)
Year Total Top 0.1% Top 1% Top 5% Between 5% & 10% Top 10% Between 10% & 25% Top 25% Between 25% & 50% Top 50% Bottom 50%
1980 100% 19.05% 36.84% 12.44% 49.28% 23.74% 73.02% 19.93% 92.95% 7.05%
1981 100% 17.58% 35.06% 12.90% 47.96% 24.33% 72.29% 20.26% 92.55% 7.45%
1982 100% 19.03% 36.13% 12.45% 48.59% 23.91% 72.50% 20.15% 92.65% 7.35%
1983 100% 20.32% 37.26% 12.44% 49.71% 23.39% 73.10% 19.73% 92.83% 7.17%
1984 100% 21.12% 37.98% 12.58% 50.56% 22.92% 73.49% 19.16% 92.65% 7.35%
1985 100% 21.81% 38.78% 12.67% 51.46% 22.60% 74.06% 18.77% 92.83% 7.17%
1986 100% 25.75% 42.57% 12.12% 54.69% 21.33% 76.02% 17.52% 93.54% 6.46%
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 100% 24.81% 43.26% 12.35% 55.61% 21.31% 76.92% 17.02% 93.93% 6.07%
1988 100% 27.58% 45.62% 11.66% 57.28% 20.57% 77.84% 16.44% 94.28% 5.72%
1989 100% 25.24% 43.94% 11.85% 55.78% 21.44% 77.22% 16.94% 94.17% 5.83%
1990 100% 25.13% 43.64% 11.73% 55.36% 21.66% 77.02% 17.16% 94.19% 5.81%
1991 100% 24.82% 43.38% 12.45% 55.82% 21.46% 77.29% 17.23% 94.52% 5.48%
1992 100% 27.54% 45.88% 12.12% 58.01% 20.47% 78.48% 16.46% 94.94% 5.06%
1993 100% 29.01% 47.36% 11.88% 59.24% 20.03% 79.27% 15.92% 95.19% 4.81%
1994 100% 28.86% 47.52% 11.93% 59.45% 20.10% 79.55% 15.68% 95.23% 4.77%
1995 100% 30.26% 48.91% 11.84% 60.75% 19.62% 80.36% 15.03% 95.39% 4.61%
1996 100% 32.31% 50.97% 11.54% 62.51% 18.80% 81.32% 14.36% 95.68% 4.32%
1997 100% 33.17% 51.87% 11.33% 63.20% 18.47% 81.67% 14.05% 95.72% 4.28%
1998 100% 34.75% 53.84% 11.20% 65.04% 17.65% 82.69% 13.10% 95.79% 4.21%
1999 100% 36.18% 55.45% 11.00% 66.45% 17.09% 83.54% 12.46% 96.00% 4.00%
2000 100% 37.42% 56.47% 10.86% 67.33% 16.68% 84.01% 12.08% 96.09% 3.91%
2001 100% 16.06% 33.89% 53.25% 11.64% 64.89% 18.01% 82.90% 13.13% 96.03% 3.97%
2002 100% 15.43% 33.71% 53.80% 11.94% 65.73% 18.16% 83.90% 12.60% 96.50% 3.50%
2003 100% 15.68% 34.27% 54.36% 11.48% 65.84% 18.04% 83.88% 12.65% 96.54% 3.46%
2004 100% 17.44% 36.89% 57.13% 11.07% 68.19% 16.67% 84.86% 11.85% 96.70% 3.30%
2005 100% 19.26% 39.38% 59.67% 10.63% 70.30% 15.69% 85.99% 10.94% 96.93% 3.07%
2006 100% 19.56% 39.89% 60.14% 10.65% 70.79% 15.47% 86.27% 10.75% 97.01% 2.99%
2007 100% 20.19% 40.41% 60.61% 10.59% 71.20% 15.37% 86.57% 10.54% 97.11% 2.89%
2008 100% 18.47% 38.02% 58.72% 11.22% 69.94% 16.40% 86.34% 10.96% 97.30% 2.70%
Source: IRS

http://www.taxfoundation.org/news/show/250.html

Federal income tax rates

1930 – 1960

Historical income tax rates for Married Filing Jointly at stated income levels.[3]

Year $20,001 $60,001 $100,001
1930 10% 21% 25%
1932 16% 36% 56%
1934 19% 37% 56%
1936 19% 39% 62%
1938 19% 39% 62%
1940 28% 51% 62%
1942 55% 75% 85%
1944 59% 81% 92%
1946 56% 78% 89%
1948 56% 78% 89%
1950 56% 78% 89%
1952 62% 80% 90%
1954 56% 78% 89%
1956 38% 62% 75%
1958 38% 62% 75%
1960 38% 62% 75%

Year 2008 income brackets and tax rates

Marginal Tax Rate Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,025 $0 – $16,050 $0 – $8,025 $0 – $11,450
15% $8,026 – $32,550 $16,051 – $65,100 $8,026 – $32,550 $11,451 – $43,650
25% $32,551 – $78,850 $65,101 – $131,450 $32,551 – $65,725 $43,651 – $112,650
28% $78,851 – $164,550 $131,451 – $200,300 $65,726 – $100,150 $112,651 – $182,400
33% $164,551 – $357,700 $200,301 – $357,700 $100,151 – $178,850 $182,401 – $357,700
35% $357,701+ $357,701+ $178,851+ $357,701+

Year 2009 income brackets and tax rates

Marginal Tax Rate[4] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,350 $0 – $16,700 $0 – $8,350 $0 – $11,950
15% $8,351 – $33,950 $16,701 – $67,900 $8,351 – $33,950 $11,951 – $45,500
25% $33,951 – $82,250 $67,901 – $137,050 $33,951 – $68,525 $45,501 – $117,450
28% $82,251 – $171,550 $137,051 – $208,850 $68,526 – $104,425 $117,451 – $190,200
33% $171,551 – $372,950 $208,851 – $372,950 $104,426 – $186,475 $190,201 – $372,950
35% $372,951+ $372,951+ $186,476+ $372,951+

Year 2010 income brackets and tax rates

Marginal Tax Rate[5] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,375 $0 – $16,750 $0 – $8,375 $0 – $11,950
15% $8,376 – $34,000 $16,751 – $68,000 $8,376 – $34,000 $11,951 – $45,550
25% $34,001 – $82,400 $68,001 – $137,300 $34,001 – $68,650 $45,551 – $117,650
28% $82,401 – $171,850 $137,301 – $209,250 $68,651 – $104,625 $117,651 – $190,550
33% $171,851 – $373,650 $209,251 – $373,650 $104,626 – $186,825 $190,551 – $373,650
35% $373,651+ $373,651+ $186,826+ $373,651+

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

U.S. Debt Clock

http://www.usdebtclock.org/

Year Gross Debt in Billions undeflated[11] as % of GDP Debt Held By Public ($Billions) as % of GDP
1910 2.6 unk. 2.6 unk.
1920 25.9 unk. 25.9 unk.
1928 18.5[12] unk. 18.5 unk.
1930 16.2 unk. 16.2 unk.
1940 50.6 52.4 42.8 44.2
1950 256.8 94.0 219.0 80.2
1960 290.5 56.0 236.8 45.6
1970 380.9 37.6 283.2 28.0
1980 909.0 33.4 711.9 26.1
1990 3,206.3 55.9 2,411.6 42.0
2000 5,628.7 58.0 3,409.8 35.1
2001 5,769.9 57.4 3,319.6 33.0
2002 6,198.4 59.7 3,540.4 34.1
2003 6,760.0 62.6 3,913.4 35.1
2004 7,354.7 63.9 4,295.5 37.3
2005 7,905.3 64.6 4,592.2 37.5
2006 8,451.4 65.0 4,829.0 37.1
2007 8,950.7 65.6 5,035.1 36.9
2008 9,985.8 70.2 5,802.7 40.8
2009 12,311.4 86.1 7,811.1 54.6
2010 (31 Dec) 14,025.2 95.2 (3rd Q) 9,390.5 63.7 (3rd Q)

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

Historical Debt Outstanding – Annual 2000 – 2010

Includes legal tender notes, gold and silver certificates, etc.

The first fiscal year for the U.S. Government started Jan. 1, 1789. Congress changed the beginning of the fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today.

To find more historical information, visit The Public Debt Historical Information archives.

 MONTHLY STATEMENT OF THE PUBLIC DEBT
OF THE UNITED STATES
MARCH 31, 2011

TABLE I — SUMMARY OF TREASURY SECURITIES OUTSTANDING, MARCH 31, 2011
(Millions of dollars)
Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
By the Public         Holdings
Marketable:
Bills…………………………………        1,694,692                     3,809                1,698,501
Notes…………………………………        5,843,938                     3,933                5,847,871
Bonds…………………………………          931,474                     3,815                  935,289
Treasury Inflation-Protected Securities…..          640,714                       125                  640,840
Federal Financing Bank  1  ……………..                0                    10,239                   10,239
Total Marketable  a………………………        9,110,819                    21,921 2              9,132,740
Nonmarketable:
Domestic Series………………………..           29,995                         0                   29,995
Foreign Series…………………………            3,786                         0                    3,786
State and Local Government Series………..          181,922                         0                  181,922
United States Savings Securities…………          186,864                         0                  186,864
Government Account Series……………….          136,956                 4,596,057                4,733,014
Hope Bonds 19………………………….                0                       493                      493
Other…………………………………            1,301                         0                    1,301
Total Nonmarketable  b……………………          540,824                 4,596,550                5,137,374
Total Public Debt Outstanding …………….        9,651,643                 4,618,471               14,270,115
TABLE II — STATUTORY DEBT LIMIT, MARCH 31, 2011
(Millions of dollars)
Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
By the Public 17, 2Holdings
Debt Subject to Limit: 17, 20
Public Debt Outstanding…………………        9,651,643                 4,618,471               14,270,115
Less Amounts Not Subject to Limit:
Other Debt Not Subject to Limit………..              488                         0                      488
Unamortized Discount  3……………….           20,388                    20,657                   41,046
Federal Financing Bank  1     …………                0                    10,239                   10,239
Hope Bonds 19………………………..                0                       493                      493
Total Public Debt Subject to Limit……….        9,630,767                 4,587,082               14,217,849
Other Debt Subject to Limit:
Guaranteed Debt of Government Agencies  4                13                         0                       13
Total Public Debt Subject to Limit ………        9,630,780                 4,587,082               14,217,862
Statutory Debt Limit  5……………………………………………………………          14,294,000
Balance of Statutory Debt Limit…………………………………………………….              76,138
COMPILED AND PUBLISHED BY
THE BUREAU OF THE PUBLIC DEBT
http://www.TreasuryDirect.gov

http://www.treasurydirect.gov/govt/reports/pd/mspd/2011/opds032011.prn

Date Dollar Amount
09/30/2010 13,561,623,030,891.79
09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

The Presidential Divider

Obama’s toxic speech and even worse plan for deficits and debt.

“…Did someone move the 2012 election to June 1? We ask because President Obama’s extraordinary response to Paul Ryan’s budget yesterday—with its blistering partisanship and multiple distortions—was the kind Presidents usually outsource to some junior lieutenant. Mr. Obama’s fundamentally political document would have been unusual even for a Vice President in the fervor of a campaign. 

Joseph Rago and Steve Moore on who will pay more under the White House’s planned tax increases.

The immediate political goal was to inoculate the White House from criticism that it is not serious about the fiscal crisis, after ignoring its own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion. Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda.

Mr. Obama did not deign to propose an alternative to rival Mr. Ryan’s plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. “Their vision is less about reducing the deficit than it is about changing the basic social compact in America,” he said, supposedly pitting “children with autism or Down’s syndrome” against “every millionaire and billionaire in our society.” The President was not attempting to join the debate Mr. Ryan has started, but to close it off just as it begins and banish House GOP ideas to political Siberia.

Mr. Obama then packaged his poison in the rhetoric of bipartisanship—which “starts,” he said, “by being honest about what’s causing our deficit.” The speech he chose to deliver was dishonest even by modern political standards. …”

http://online.wsj.com/article/SB10001424052748703730104576260911986870054.html

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Posted on April 13, 2011. Filed under: American History, Blogroll, Business, Communications, Economics, Education, Employment, European History, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Public Sector, Rants, Raves, Regulations, Resources, Security, Talk Radio, Unions, Video, War, Wisdom | Tags: , , , |

Pronk Pops Show 23: April 12,  2011

Pronk Pops Show 22 (Part 2): April 7,  2011

Pronk Pops Show 22 (Part 1): April 7,  2011

Bachmann – Dems scapegoating Tea Party

 

Michele Bachmann: President Obama Doesn’t Have Any Concept of How to Create Wealth

 

Cut More, Spend Less

Senator Rand Paul on balancing the budget

 

Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

 

Ron Paul: I’ll Vote Against Raising the Debt Limit

Ron Paul and Rand Paul in Congress – Fox News (Neil Cavuto)

Which Budgets Are Fiscally Responsible?

 

Which Budgets Are Living Within Ones Means?

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

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

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.

 

Tax Rates are High Enough Already

 

Bachmann: Why I Cannot Support This Deal

 

Will Ron Paul Or Rand Paul Run For President In 2012?

 

 

The American people and the tea party movement want the Federal Government to balance the budget by stop spending money the Federal Government does not have.

Neither the Democratic Party nor the Republican Party will listen to the American people.

The Republican Party would balance the budget in 2040 and would run a nearly $1,000 billion deficit in Fiscal Year 2012!

The Democratic Party would balance the budget with massive increases in taxes that would wreck the economy and destroy jobs.

I fully support Ron Paul for President and Michele Backmann for Vice-President in 2012.

The tea party movement and the vast majority of the American people will support this ticket.

The Republican Party should start listening to Senators Rand Paul, Jim DeMint and Mike Hill in the Senate and Ron Paul and Michelle Bachmann in the House of Representatives if they want to get re-elected.

Otherwise you will get the boot.

Freshman Tea Party Rep. – “get that boot ready”

 

PIMCO Dumps US Treasuries

 

Pimco’s Clarida Says U.S. Has No Long-Term Fiscal Policy

 

Background Articles and Videos

It’s Simple to Balance The Budget Without Higher Taxes

 

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Tea Party Movement Demands Passage of Balanced Budget Amendment and The FairTax As The Price For Raising The National Statutory Debt Limit of $ 14,294,000,000 One Last Time By $1,000,000,000,000!–Videos

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Trump Challenges Obama To Televised Golf Game?–Let The Undeclared Golf War Begin!–Videos

Posted on April 13, 2011. Filed under: Blogroll, Communications, Culture, Economics, Entertainment, Federal Government, Games, Golf, government, government spending, Health Care, Language, Law, liberty, Life, Links, Music, Narcissism, People, Philosophy, Politics, Psychology, Security, Sports, Talk Radio, Taxes, Video, War, Wealth, Wisdom | Tags: , , , , |

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