Barack Obama: The American People’s $3,000,000,000,000++ Mistake–Stop Spending By Closing Federal Departments Down!

Posted on October 19, 2010. Filed under: Blogroll, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , , |

United States’ Projected Debt – 2009-2019

National debt. Crisis

The National Debt Road Trip

U.S Debt Clock

http://www.usdebtclock.org/

The Debt to the Penny and Who Holds It

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

 

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

http://www.federalbudget.com/

 

US National Debt, What DC & Obama Arent Telling

 

$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?

 

President Barack Obama’s Endgame: A Look At The National Debt

 

Backround Articles and Videos

(1/6) American Debt

(2/6) American Debt

(3/6) American Debt

(4/6) American Debt

(5/6) American Debt

(6/6) American Debt

Lesson 1 National Debt & Budget Deficit Explained

 

National Debt Up $3 Trillion on Obama’s Watch

“…The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated. The Bureau of Public Debt reported today that the National Debt had hit an all time high of $13.665 trillion.

The Debt increased $4.9 trillion during President Bush’s two terms. The Administration has projected the National Debt will soar in Mr. Obama’s fourth year in office to nearly $16.5-trillion in 2012. That’s more than 100 percent of the value of the nation’s economy and $5.9-trillion above what it was his first day on the job.

Mr. Obama frequently lays blame for soaring federal deficits on his predecessor.

“By the time I got into office we already had a $1.3 trillion deficit and we had exploded the national debt,” he said last month during one of his backyard chats with Americans.

Just last Friday, the Treasury Department portrayed it as good news when it reported that the federal deficit in the fiscal year that ended September 30th was $1.294 trillion. That’s less than the $1.416 trillion deficit accrued in 2009 – the largest federal deficit ever recorded. It was also less than the $1.556 trillion that had been initially projected for 2010. …”

http://www.cbsnews.com/8301-503544_162-20019931-503544.html

Obama Sends Congress $3.8 Trillion Budget, Soaring Deficits Projected

“…According to the plan, the 2011 deficit of $1.267 trillion would fund nearly the entirety of the year’s discretionary spending, which is $1.415 trillion or 37 percent of the government’s total outlays. Mandatory spending on items such as entitlements and interest payments make up the rest.

The Senate moved last week to extend the nation’s debt limit to $14.3 trillion to accommodate the projected gap for the current spending year, which ends Sept. 30, but with another $1.3 trillion hole next year, the nation’s debt could reach $15.6 trillion by Oct. 1, 2011. That would surpass the nation’s annual gross domestic product.

A $1.6 trillion deficit would represent 10.6 percent of current GDP, while 2011’s budget deficit would be 8. 3 percent of GDP. The White House says over the next 10 years, the average deficit will represent only 4.5 percent of GDP annually. Last year’s deficit was $1.42 trillion.

Obama on Monday blamed much of the nation’s budget woes on tax cuts passed under the prior administration, as well as the Iraq and Afghanistan wars and other programs. He called for reining in the budget over time, but said the need to help Americans hurting from the economic downturn makes that difficult to do right away.

“We have to do what families across America are doing — save where we can, so that we can afford what we need,” Obama said. “We won’t be able to bring down this deficit overnight.”

According to White House estimates, the budget’s deficit for fiscal year 2013 would drop to $700 billion before jumping back up to $1 trillion in 2020, the furthest out that budgeters will predict. …”

http://www.foxnews.com/politics/2010/01/31/obama-offers-budget-deficits-far-number-crunchers/

 

The Revenue and Spending Mismatch

How the United States Got into a Sinkhole of Debt

The revenue-to-spending ration and budget deficits,  1949-2009

“…The RSR and budget deficits

The relationship between the RSR and the overall budget deficit is simple and clear. Any budget that does not cover 100 percent of its spending with revenues will necessarily be in the red. An RSR of less than 100 percent indicates a budget deficit, an RSR of more than 100 percent indicates a surplus, and an RSR of exactly 100 percent means a budget in perfect balance with income exactly equal to spending.

The federal government has paid for an average of 92 percent of its total expenditures with revenues over the past 60 years. The RSR has, however, fluctuated over time with some periods enjoying a higher RSR and others a much lower one.

The overall RSR for the federal budget fluctuated from 1950 to 1974, between a high of 113 percent in 1951, and a low of 86 percent in 1959 and 1968. The overall RSR during those 25 years most often fell into the even narrower range between 90 percent and 100 percent, and as result the federal government ran only small deficits, averaging only 0.6 percent of GDP.

The budget shifted onto somewhat weaker ground starting in 1975 when the RSR dropped below 85 percent for the first time since World War II. During the next 20 years, the RSR only climbed back over 90 percent once in 1979, and on average the federal government’s revenues only paid for 83 percent of total spending. The federal deficits in this period were as a result significantly larger than during the previous quarter of the century, averaging more than 3.5 percent of GDP.

1983 was a low point for the RSR as it dipped to 74 percent, driven down by the massive tax cut passed in the previous year. The 1983 RSR was nearly 6 percentage points lower than at any point since 1950. The deficit grew accordingly in 1983 and set a new postwar high at 6 percent of GDP that was not matched until the Great Recession swamped the budget in 2009.

Ten years after reaching that new low, the federal budget’s RSR came to a turning point and began to climb steadily, improving every year for eight straight years. The RSR surpassed 100 percent in 1998 for the first time since 1969, indicating the first budget surplus in nearly 30 years, and then hit its peak of 113 percent in 2000—the highest RSR in 50 years. …”

http://www.americanprogress.org/issues/2010/02/revenue_spending_mismatch.html

 

Related Posts On Pronk Palisades

Heritage Foundation 2010 Budget Charts–Federal Entitlements

Heritage Foundation 2010 Budget Charts–Federal Spending

Heritage Foundation 2010 Budget Charts–Federal Revenue

Heritage Foundation 2010 Budget Charts–Federal Debt and Deficits

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Best Selling Video In The Black Hood–The Obama Deception!–Videos

Posted on May 7, 2010. Filed under: Blogroll, Communications, Computers, Culture, Demographics, Economics, Education, Employment, Energy, Farming, Federal Government, Films, government, government spending, Investments, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Quotations, Rants, Raves, Regulations, Resources, Security, Strategy, Talk Radio, Taxes, Technology, Video, War, Wisdom | Tags: , , , , |

 

The Obama Deception HQ Full length version 

 

The Obama Deception 

http://infowars-shop.stores.yahoo.net/obdedvd.html

 

Background Articles and Videos

Alex Jones

“…Alexander Emerick Jones (born February 11, 1974) is an American talk radio host and filmmaker. His syndicated news/talk show The Alex Jones Show, based in Austin, Texas, airs via the Genesis Communication Network over 60 AM, FM, and shortwave radio stations across the United States and on the Internet.[1] His websites include Infowars.com and PrisonPlanet.com.[2]

Mainstream news sources have referred to him as right-wing,[3][4][5] conservative,[6][7][8][9] and a conspiracy theorist.[10][11][12] Journalist Michelle Goldberg has stated in The New Republic that Jones represents “an old strain of American conservatism—isolationist, anti-Wall Street, paranoid about elite conspiracies—that last flowered during the John Birch Society’s heyday.”[13]

Jones sees himself as a libertarian, and rejects being described as a right-winger.[14] He has also called himself a paleoconservative.[15] In a promotional biography he is described as an “aggressive constitutionalist”.[16][17]

http://en.wikipedia.org/wiki/Alex_Jones_(radio_host)

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Obama’s Enemies List: Glenn Beck Exposes The Progressive Radical Socialist Attack On American People and Freedom Of Speech–Not Racist, Not Violent, Not Silent Anymore!

Posted on April 24, 2010. Filed under: Blogroll, Climate, Communications, Crime, Cult, Culture, Demographics, Economics, Employment, Energy, Farming, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, Immigration, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Strategy, Talk Radio, Taxes, Technology, Uncategorized, Video, War, Wisdom | Tags: , , , , , , , , , , |

Top Three On Obama’s Enemies List

 Rush Limbaugh, Glenn Beck, and Sean Hannity

“…Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. …”

~First Amendment to the United States Constitution

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

Glenn Beck-04-23-10-A 

Glenn Beck-04-23-10-B

Glenn Beck-04-23-10-C

 

Glenn Beck-04-23-10-D

 

Dem’s Attack Machine – Hannity interviews Coulter

Rush Limbaugh on Hannity (3 of 4): Obama – More Control Over Our Lives

 

 

Rush Limbaugh on Glenn Beck: Obama and Free Speech

Interview with Roger Ailes president of Fox News Channel

Obama’s Enemies list has thousands on it but the top twenty are mostly talk radio and television commentors including the usual suspects:

Who is on President Barack Obama’s Growing Enemies List:
!. Rush Limbaugh
2. Glenn Beck
3. Sean Hannity
4. Fox News
5. Mark Levin
6. Michael Savage
7. Karl Rove
8. Dick  Cheney
9. Neal Boortz
10. Sarah Palin
11. Ann Coulter
12. Bill Bennett
13. Laura Ingraham
14. Dick Morris
15. Sam Vaknin
16. Alex Jones
17. Bill O’Reilly
18. Michelle Malkin
19. Lou Dobbs
20. Michael Gallagher

While the list grows daily and the ranking changes, it would appear that President Obama has a very thin skin when it comes to constructive criticism.

The truth does hurt especially when you are President with a well deserved reputation for lying daily.

“The peculiar evil of silencing the expression of an opinion is, that it is robbing the human race; posterity as well as the existing generation; those who dissent from the opinion, still more than those who hold it.  If the opinion is right, they are deprived of the opportunity of exchanging error for truth:  if wrong, they lose, what is almost as great a benefit, the clearer perception and livelier impression of truth, produced by its collision with error.”

  ~John Stuart Mill, On Liberty, 1859

Background Articles and Videos

Megyn Kelly Discusses “Enemy’s List” With WH Press Secretary

Senator Lemar Alexander on Obama’s enemies list

Obama responds to enemies list rumor

Rush Limbaugh named top talk radio host by influential trade mag; 9 of top 10 are anti-Obama

By David Hinckley
DAILY NEWS STAFF WRITER

“…The top four talkers – Limbaugh, Hannity, Glenn Beck and Michael Savage – have all been non-stop, full-time critics of pretty much everything about Obama except his shoelaces and his toothpaste.

The top 10 also includes non-Obama fans Laura Ingraham, No. 6, and Mark Levin, No. 8.

In fact, advice guru Dr. Laura Schlessinger (No. 5), and finance guys Dave Ramsey (No. 7) and Lou Dobbs (No. 9) don’t much care for Obama, either.

Only Thom Hartmann, at No. 10, has had any encouraging words for the prez. …”

http://www.nydailynews.com/entertainment/2010/02/23/2010-02-23_rush_limbaugh_named_top_talk_radio_host_by_influential_trade_mag_9_of_top_10_are.html

Read more: http://www.nydailynews.com/entertainment/2010/02/23/2010-02-23_rush_limbaugh_named_top_talk_radio_host_by_influential_trade_mag_9_of_top_10_are.html#ixzz0m3B4MpvP

Read more: http://www.nydailynews.com/entertainment/2010/02/23/2010-02-23_rush_limbaugh_named_top_talk_radio_host_by_influential_trade_mag_9_of_top_10_are.html#ixzz0m3APU3m2

Obama’s Enemies List Grows
By Mark Hyman

“…Just having the appearance of someone who might possibly vote for an opponent of Barack Obama could land them on the President’s enemies list where proxies do the dirty work. Political appointees in the Justice Department killed a six-month investigation by career DOJ lawyers into the most blatant voter intimidation case in 40 years. Last November, jack-booted, uniformed, baton-wielding thugs from the New Black Panther Party calling themselves “security” obstructed a Philadelphia polling location and behaved in an intimidating manner toward white voters. …”

http://spectator.org/archives/2009/06/08/obamas-enemies-list-grows

Obama’s Enemies List
Peter Wehner

“…The Obama White House is showing a fondness for intimidation tactics that might work well in the wards of Chicago but that don’t have a place in the most important and revered political institution in America. To see these impulses manifest themselves so early in Obama’s presidency, and given all that he has said to the contrary, is rather startling. The danger is that as the pressures mount and the battles accrue and the political heat intensifies, these impulses will grow stronger, the constraints on them will grow weaker, and the voices of caution and reason will continue to be ignored. If that should come to pass — if what we are seeing now is only a preview of coming attractions — then the Obama administration, and this nation, will pay a very high price. …”

http://www.commentarymagazine.com/viewarticle.cfm/obama-s-enemies-list-15276

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Robert Baer and Victor Davis Hanson: A Nuclear Iran–Videos

Posted on April 6, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Federal Government, Foreign Policy, government, government spending, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Rants, Raves, Religion, Resources, Science, Security, Strategy, Taxes, Technology, Video, War, Wisdom | Tags: , , , , , , , , , , , |

Robert Baer and Victor Davis Hanson: A Nuclear Iran – 1/4

Robert Baer and Victor Davis Hanson: A Nuclear Iran – 2/4

Robert Baer and Victor Davis Hanson: A Nuclear Iran – 3/4

Robert Baer and Victor Davis Hanson: A Nuclear Iran – 4/4

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