Archive for April 14th, 2011

Obama’s Fuzzy Budget Math–Videos

Posted on April 14, 2011. Filed under: Banking, Blogroll, Communications, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Law, liberty, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Regulations, Resources, Talk Radio, Video, War, Wealth, Wisdom | Tags: , , , , , , , , |

Glenn Beck-04/14/11-A

Glenn Beck-04/14/11-B

 

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

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.

 

Related Posts On Pronk Palisades

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

Ron Paul, Michele Bachmann And Rand Paul–Stop Spending Money You Don’t Have!–Balance The Budget–Tea Party Budget Gets It Right–Videos

Republican Party Establishment Ruling Class Betrays The Tea Party Movement and American People With A Fiscal Year 2012 Budget Resolution With A Deficit of $995 Billion And Budgets Not Balanced In Next Ten Years–Replace Republican Party Leadership–Videos

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

Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!

The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

Read Full Post | Make a Comment ( None so far )

President Barack Obama–Tax and Spend–High Unemployment and Inflation–Videos

Posted on April 14, 2011. Filed under: Banking, Blogroll, Communications, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Taxes, Uncategorized, Video, Wealth, Wisdom | Tags: , , , , |

“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.”

~Thomas Jefferson

U. S Debt Clock

http://www.usdebtclock.org/index.html#

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

 

 

 

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.

Glenn Beck-04/13/11-A

Glenn Beck-04/13/11-B

Glenn Beck-04/13/11-C

 

Related Posts On Pronk Palisades

 

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

Ron Paul, Michele Bachmann And Rand Paul–Stop Spending Money You Don’t Have!–Balance The Budget–Tea Party Budget Gets It Right–Videos

Republican Party Establishment Ruling Class Betrays The Tea Party Movement and American People With A Fiscal Year 2012 Budget Resolution With A Deficit of $995 Billion And Budgets Not Balanced In Next Ten Years–Replace Republican Party Leadership–Videos

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

Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!

The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

Read Full Post | Make a Comment ( None so far )

The Supergrass–Videos

Posted on April 14, 2011. Filed under: Blogroll, Culture, Entertainment, Films, liberty, Life, Links, media, Movies, People, Philosophy, Raves, Video, Wealth, Wisdom | Tags: , , , , |

The Supergrass-Part 1

 

The Supergrass-Part 2

 

The Supergrass-Part 3

 

The Supergrass-Part4

 

The Supergrass-Part 5

 

The Supergrass-Part 6

 

The Supergrass-Part 7

 

The Supergrass-Part 8

 

The Supergrass-Part9

 

 

The Supergrass-Part 10

 

The Supergrass-Part 11

 

Read Full Post | Make a Comment ( None so far )

Republican Party Leadership Were Rolled By President Obama and Progressives In Congress While They Were Betraying Their Pledge To America and Tea Party Movement–Get The Boot Ready–Videos

Posted on April 14, 2011. Filed under: Blogroll, Communications, Economics, Fiscal Policy, Video, War, Wealth, 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

Republicans roll out “Pledge to America”

Boehner on FOX News Sunday: Pledge to America is “About Now”

GOP BS On Spending Cuts Exposed

“A cut is a cut”

~Speaker John Boehner

Summary of Outlays, Revenues (Receipts), Deficits, Surpluses Fiscal Years 1980-2010

(Nominal Dollars in Millions)

Fiscal Year Outlays Revenues (Receipts) Deficits (-), Surpluses
1980 590,941 517,112 -73,830
1981 678,241 599,272 -78,968
1982 745,743 617,766 -127,977
1983 808,364 600,562 -207,802
1984 851,805 666,488 -185,367
1985 946,344 734,037 -212,308
1986 990,382 769,155 -221,277
1987 1,004,017 854,288 -149,730
1988 1,064,417 854,288 -155,178
1989 1,143,744 991,105 -152,639
1990 1,252,994 1,031,958 -221,036
1991 1,324,226 1,054,988 -269,238
1992 1,381,529 1,091,208 -290,321
1993 1,409,386 1,154,335 -255,051
1994 1,461,753 1,258,566 -203,186
1995 1,515,742 1,351,790 -163,392
1996 1,560,484 1,453,053 -107,431
1997 1,601,116 1,579,232 -21,884
1998 1,652,458 1,721,728 69,270
1999 1,701,842 1,827,452 125,610
2000 1,788,950 2,025,191 236,241
2001 1,862,846 1,991,082 128,236
2002 2,010,894 1,853,136 -157,758
2003 2,159,899 1,782,314 -377,585
2004 2,292,841 1,880,114 -412,727
2005 2,471,957 2,153,611 -318,346
2006 2,655,050 2,406,869 -248,181
2007 2,728,686 2,567,985 -160,701
2008 2,982,544 2,523,991 -458,553
2009 3,517,677 2,104,989 -1,412,688
2010 3,456,213 2,162,724 -1,293,489

For a history of the Federal Government’s Receipts (Revenues), Outlays, and Deficits and Surpluses

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

Which Budget Proposal Is Fiscally Responsible and Lives 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.pd

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.

 

 

CBO Score of Budget Deal Could Make House Passage Difficult

By: David Dayen

“…The Associated Press story that has Congress in a tizzy says that the CBO reads the new budget deal as massively less thrifty than advertised. However, there’s a crucial error in the reporting. See if you can spot it.

A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in claimed savings by the end of this budget year.

The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would pare just $352 million from the deficit through Sept. 30. About $8 billion in cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending […]

The CBO study confirms that the measure trims $38 billion in new spending authority, but many of the cuts come in slow-spending accounts like water-and-sewer grants that don’t have an immediate deficit impact.

Did you find it? The bill to be voted on tomorrow does not reduce spending in FY 2011 by $38.5 billion. That’s because $12.5 billion of the spending cuts have already been passed and enacted by this Congress in three previous continuing resolutions. The comparison being made to arrive at these number looks back to December, so this may be an apples-to-apples comparison, but it’s still misleading work from AP. What’s more, with defense spending increasing, offset by domestic spending reductions, the impact remains major for those of us not working for defense contractors and requiring government services.

Here’s the CBO document that has been released, and you’ll see that they make a distinction between budgeting authority and actual outlays. Outlays come from appropriations from previous years that actually get spent in 2011. Budgeting authority is what will be authorized in this budget. It’s a worthwhile distinction to make, but it’s also not terribly meaningful. The stimulus package is still extant in FY 2011 and still supposed to be spending money; that would account for the major difference between budgeting authority and outlays in the Transportation and HUD section of the budget. There’s always a lag between budgetary authority and outlays; that doesn’t mean there’s no impact from cuts to budgetary authority.

What’s being missed here is the opportunity cost. If the budget were agreed to, say, last year, many of the unused spending accounts and rescissions would have been replaced with actual useful spending. That’s basically the function of the budget process. You would have to believe that Dave Obey and Dan Inouye’s omnibus deal would have put all that budgetary authority – including Census spending in 2011! – on auto-pilot. There’s a serious opportunity cost here at a time when the economy is weak, unemployment is high and the country has work to be done. ..”

http://news.firedoglake.com/2011/04/14/cbo-score-of-budget-deal-could-make-house-passage-difficult/

If you vote for the budget deal for  Fiscal Year 2011, you will be booted out of office in 2013!

FINAL VOTE RESULTS FOR ROLL CALL 268(Republicans in roman; Democrats in italic; Independents underlined)
H R 1473      YEA-AND-NAY      14-Apr-2011      3:00 PM
QUESTION:  On Passage
BILL TITLE: Department of Defense and Full-Year Continuing Appropriations Act, 2011

  Yeas Nays PRES NV
Republican 179 59   3
Democratic 81 108   3
Independent        
TOTALS 260 167   6

 

http://clerk.house.gov/evs/2011/roll268.xml

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

Pence on budget standoff – “Shut it down”

 

Michele Bachmann Speaks at Tea Party Rally in Washington DC 3-31-11

 

Tea Party Draws Line in Sand

Background Articles and Videos

What We Believe, Part 1: Small Government and Free Enterprise

 

What We Believe, Part 2: The Problem with Elitism

 

What We Believe, Part 3: Wealth Creation

What We Believe, Part 4: Natural Law

 

What We Believe, Part 5: Gun Rights

 

What We Believe, Part 6: Immigration

 

What We Believe, Part 7: American Exceptionalism

Text of Obama Speech on the Deficit

“…Here is the prepared text of President Barack Obama’s speech on the deficit, as released by the White House:

Remarks of President Barack Obama – As Prepared for Delivery

The Country We Believe In

The George Washington University

Washington, D.C.

April 13, 2011

As Prepared for Delivery—

http://blogs.wsj.com/washwire/2011/04/13/text-of-obama-speech-on-the-deficit/

Related Posts On Pronk Palisades

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

Ron Paul, Michele Bachmann And Rand Paul–Stop Spending Money You Don’t Have!–Balance The Budget–Tea Party Budget Gets It Right–Videos

Republican Party Establishment Ruling Class Betrays The Tea Party Movement and American People With A Fiscal Year 2012 Budget Resolution With A Deficit of $995 Billion And Budgets Not Balanced In Next Ten Years–Replace Republican Party Leadership–Videos

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

Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!

The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

Read Full Post | Make a Comment ( None so far )

Oxford–Videos

Posted on April 14, 2011. Filed under: Blogroll, Communications, Culture, Entertainment, Films, liberty, Life, Links, media, Movies, People, Philosophy, Politics, Raves, Talk Radio, Taxes, War, Wealth, Wisdom | Tags: , , , , , , |

Oxford part 1

Oxford part 2

 

Oxford part 3

 

Oxford part 4

 

Oxford part 5

 

Oxford part 6

 

Oxford part 7

 

Oxford part 8

 

Oxford part 9

Read Full Post | Make a Comment ( None so far )

Eat The Rich–Videos

Posted on April 14, 2011. Filed under: Art, Blogroll, Comedy, Communications, Culture, Economics, Education, Employment, Entertainment, European History, Films, Foreign Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Movies, Music, People, Philosophy, Rants, Raves, Video, Wealth, Wisdom | Tags: , , , |

Eat the Rich Part 1

 

Eat the Rich Part 2

 

Eat the Rich Part 3

 

Eat the Rich Part 4

 

Eat the Rich Part 5

 

Eat the Rich Part 6

 

Eat the Rich Part 7

 

Eat the Rich Part 8

 

Eat the Rich Part 9

 

Eat the Rich Part 10

Read Full Post | Make a Comment ( None so far )

Liked it here?
Why not try sites on the blogroll...