Part 1 of 3: An American Renaissance, The Road To Peace and Prosperity: Faith, Family, Friends, and Freedom ~ First — Videos

Posted on June 10, 2015. Filed under: American History, Blogroll, Business, Communications, Constitution, Corruption, Documentary, Economics, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government spending, history, IRS, Law, liberty, Life, Links, media, People, Philosophy, Photos, Politics, Press, Radio, Raves, Talk Radio, Taxation, Taxes, Video, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Story 1, Part 1 of 3: An American Renaissance, The Road To Peace and Prosperity: Faith, Family, Friends, and Freedom ~ First — Videos

fairtax

fair_tax_factst

FairTax: Fire Up Our Economic Engine (Official HD)

The FairTax: It’s Time

Flat Tax vs. National Sales Tax

Dan Mitchell Discussing Federal Tax Burden on CNBC

Eight Reasons Why Big Government Hurts Economic Growth

Dan Mitchell Explaining How Government Screws Up Everything

What is the FairTax legislation?

Cato Institute Senior Fellow Daniel J. Mitchell

How does the FairTax rate compare to today’s?

What assumptions does the FairTax make about government spending?

How does the FairTax rate compare to today’s?

Is the FairTax truly progressive?

How does the “prebate” work?

Will the prebate create a massive new entitlement system?

Wouldn’t it be more fair to exempt food and medicine from the FairTax?

Is it fair for rich people to get the same prebate as poor people?

If people bring home their whole paychecks how can prices fall?

How does the FairTax impact the middle class?

Why is the FairTax better than a flat income tax?

Is the FairTax rate really 23%?

Is consumption a reliable source of revenue?

How does the FairTax affect compliance costs?

Isn’t it a stretch to say the IRS will go away?

Can I pretend to be a business to avoid the sales tax?

How does the FairTax affect tax preparers and CPAs?

Are any significant economies funded by a sales tax?

How will the FairTax affect state sales tax systems?

Can’t Americans just cross the border to avoid the FairTax

How will Social Security payments be calculated under the FairTax?

Will the FairTax impact tax deferred retirement accounts like 401(k)s?

How will the FairTax® make the tax system fair for everyone?

What’s the difference between the FairTax® and the income tax?

How will the FairTax® help me save money?

Why Should Grandparents support FairTax®?

Congressman Woodall Discusses the FairTax

“The Case for the Fair Tax”

Freedom from the IRS! – FairTax Explained in Detail

John Stossel speaks to the Fair Tax Rally

Sen. Moran Discusses FairTax Legislation on U.S. Senate Floor

Mind blowing speech by Robert Welch in 1958

Robert Welch Speaks: In One Generation (1974)

comparison

GOP Taxonomy: The Flat Taxers and the Fair Taxers

by Aman Batheja

During his last run for president, Rick Perry often pulled a postcard out of his jacket pocket.

“The best representation of my plan is this postcard, which taxpayers will be able to fill out to file their taxes,” Perry said.

While Perry proposed an optional 20 percent flat tax on all income levels, the other Texan running that cycle, Ron Paul, wanted to get rid of the income tax altogether. The former Surfside congressman sometimes suggested replacing it and other federal taxes with a sales tax, a concept often described as the Fair Tax.

As the 2016 landscape begins taking shape, potential Republican candidates are suggesting an interest in being both flat and fair, embracing some version of Perry’s 2012 proposal as the first step toward reaching Paul’s ideal.

Take U.S. Sen. Ted Cruz, R-Texas, whose talk on taxes has sounded strikingly similar to Perry’s at times.
“We should let taxes become so simple that they could be filled out on a postcard,” Cruz wrote in a column for USA Today in October.

Yet while Cruz has called for converting the country’s progressive income tax system to a flat tax, his office confirmed that the Fair Tax is his long-term goal.

“The senator supports a Fair Tax, ultimately,” spokeswoman Catherine Frazier said. “However, the most immediate, effective way to implement comprehensive tax reform is to pass a simple flat tax — so simple that Americans can file on a postcard. This should be the starting point for reform, and once it’s in place we should pursue a Fair Tax.”

Another presidential contender, U.S. Sen. Rand Paul, R-Ky., has also voiced support for a flat tax, but still prefers the vision of his libertarian father, Ron Paul.

“I’ve never said I don’t support a sales tax,” Rand Paul told The Texas Tribune recently while in Dallas. He explained that he viewed moving the federal tax system to a flat tax as “an easier concept to get through a legislature because you’re modifying the existing code.”

More broadly, Rand Paul said he was interested in stimulating economic growth by reducing the federal taxes overall.

“We’ve kind of lost that argument in recent years because many Republicans, including many in Washington, now simply argue for revenue neutral tax reform, which stimulates nothing,” Paul said.

For former Arkansas Gov. Mike Huckabee, those talking about the flat tax as a bridge to the Fair Tax are missing the point.
“Gov. Huckabee has said many times the Fair Tax is a flat tax, but it’s based on consumption rather than on punishing our productivity,” spokeswoman Alice Stewart said.

Another potential presidential contender, former Florida Gov. Jeb Bush, delivered a speech on taxes and income inequality this week in Detroit that reportedly included support for simplifying the tax code, but did not include specific policy proposals.

Critics of both flat tax and Fair Tax proposals dismiss them as regressive plans that would amount to tax cuts for higher-income households while increasing the tax burden on middle-class households. But conservatives argue that dramatically simplifying the tax code, or moving to a tax system focused more on consumption than earnings, would be more transparent, simpler and better for the economy in the long run.

Cal Jillson, a political science professor at Southern Methodist University, said discussion of flat taxes and consumption taxes works well politically with Republican voters, but described them as “pie-in-the-sky, no-way-in-hell” proposals that won’t ever muster enough support in Congress.

“When you talk about tax reform in an environment that is politically polarized as ours, it’s hard to see how you get majority support, let alone a bipartisan package that could be taken to the public by both parties,” Jillson said. “It’s a way of saying, ‘I have no sense of doing anything practical.’ ”

While Cruz and Rand Paul have already signaled their positions, Perry, who has been meeting with dozens of policy experts to prepare for a second White House run, may end up tweaking his earlier flat tax plan.

“He supports simplifying the tax code, lowering rates for working families, and closing loopholes,” spokeswoman Lucy Nashed said. “Gov. Perry is continuing to work on policy proposals and will announce specific ideas at the appropriate time.”

http://www.texastribune.org/2015/02/08/flat-tax-fair-tax/

National Review: The FairTax Makes a Comeback

by: Ryan Lovelace

Republican senator David Perdue of Georgia sounds an awful lot like President Obama when he describes his plan to overhaul the tax code, which would repeal federal taxes and replace them with a consumption tax known as the “FairTax.”

“[The FairTax] really levels the playing field in that regardless of who you are, where you are, you’ll pay your fair share, and it will be the same amount,” Perdue tells NRO. “It will be equitable.”

Perdue couches his description of the FairTax in rhetorical terms — “levels the playing field,” “pay your fair share,” “equitable” — that could’ve come straight out of Obama’s State of the Union address, and that’s no accident. Whatever the political prospects of the proposal — it has failed over and over again when proposed in the past, and it is expected to meet a similar fate this time around — it could allow the GOP to seize the mantle of economic populism from the Democrats, and, in so doing, to “win” tax reform in the eyes of voters. That’s important, because tax-reform legislation is one of the few big, ostensibly bipartisan efforts the new Congress is expected to undertake, and the scramble to take credit for it ahead of the 2016 presidential election will be fierce.
The FairTax legislation put forward in the Senate by Perdue, his fellow Georgia Republican Johnny Isakson, and their colleague Jerry Moran (R., Kan.), was written with 2016 in mind. Perdue says that on Tuesday, before listening to Obama announce his desire to raise taxes once again, he and Isakson discussed the importance of their work in influencing the debate on tax reform. Perdue — the successful manager known for his ability to turn around businesses and revive brands – says he hopes to help move 2016 GOP presidential candidates in the direction of the FairTax.

The proposal itself is relatively simple: It would eliminate all federal income, payroll, gift, and estate taxes, and replace them with a 23 percent national sales tax. In addition to making the U.S. economy more competitive on a global scale and putting people back to work, the plan would strip the IRS of its ability to interfere in the lives of ordinary Americans, according to the conservative freshman from Georgia. Other longtime proponents of the idea agree, and argue that by replacing a system that taxes an individual’s earnings with one that exclusively taxes that same individual’s spending, it would allow each citizen the freedom to determine his own tax burden.

Perdue’s hopes for 2016 notwithstanding, the FairTax has not been a winning issue in past Republican presidential primaries. A number of GOP primary candidates, from Mike Huckabee in 2008 to Herman Cain in 2012, have failed to win the nomination while championing the proposal. And it will still be a loser come 2016, says Ryan Ellis, the tax-policy director at Grover Norquist’s Americans for Tax Reform. “If this thing [the FairTax] was going to catch on as the next great hot thing, it would have,” Ellis says. “It’s not a practical tax-reform plan for governing, it’s something that people wish, aspirationally, they could put out there.”

The tax-reform proposals with the best chance of succeeding in Congress — and helping Republican candidates win in 2016 — are those that move incrementally toward the FairTax’s goals without overhauling the system in one fell swoop, Ellis says. Such proposals would likely combine some of the FairTax’s reforms — such as repealing the death tax and capital-gains taxes — with measures aimed at broadening the tax base of higher-income individuals. The winning formula to achieve fundamental tax reform, according to Ellis, is a plan that is pro-growth, pro-family, and “paid for by, as much as you can, rich guys.”

But those who warn that the FairTax lacks political viability only give more motivation to Rob Woodall (R., Ga.), the lead sponsor of FairTax legislation in the House of Representatives.

“That’s what I love about this bill: Washington hates this bill,” Woodall says. “There are all sorts of forces in town that discourage this kind of giant reform, but it’s being marketed at a grassroots level.”

Woodall’s Georgia district has a history of electing FairTax proponents to Congress. Woodall’s seat was previously occupied by John Linder, a tireless champion who first introduced the FairTax bill in 1999, and reintroduced it in each new Congress until he retired in 2011. He never succeeded in changing the law, but he did quite a bit to build support in his home state.

As Americans for Fair Taxation president Steve Hayes tells it, Atlanta-based radio talk-show host Neal Boortz is largely responsible for getting the idea off the ground. Boortz wrote The FairTax Book with Linder and trumpeted his support for the reform to a southeastern audience who readily took to the idea. Hayes’s organization works to garner more support for the idea across the United States.

The “power base” of the FairTax proposal has moved out of the Southeast and into the Midwest, Woodall says. Moran’s support as a lead co-sponsor has helped the idea gain traction in Kansas. A top Moran aide who worked on the FairTax bill tells NRO that Moran began laying the groundwork to lead on this issue last year, as former Georgia senator Saxby Chambliss was preparing to retire. Chambliss was a staunch supporter of the FairTax, and the aide says the two offices worked behind the scenes to ensure that the push for tax reform would live on. Woodall thinks the geographical shift in support will help the idea flourish in California and the Northwest. Moreover, he wants to gather supporters in key 2016 Republican-primary states and grow grassroots support in order to influence the GOP’s agenda.

But the effort to sell the FairTax primarily to devoted conservatives has left others in the dark as to its possible benefits. Laurence Kotlikoff, an economics professor at Boston University, has studied the FairTax and thinks it is a more progressive proposal than people realize. Kotlikoff says lawmakers’ lack of experience in public finance has led to a misunderstanding of the FairTax. He adds that he thinks Democratic minority leader Nancy Pelosi might even come around to the idea, if she realized that it would help some of the people she purports to care about most: workers.

After years toiling under former Senate majority leader Harry Reid (D., Nev.), some conservatives have grown excited by the Senate’s movement on this issue. The Moran staffer thinks a total of 10 or 11 senators may ultimately support the proposal, including new members and others who have changed their minds. The number of original co-sponsors of the FairTax in the House has increased during each of the last three Congresses, peaking this year with 57 total supporters.

Barring an unforeseen shift in Congress’s priorities, though, the FairTax appears doomed to fail yet again. Woodall knows the effort is ill-fated, and says he won’t look someone in the eye and tell them that a GOP-led Congress will put the FairTax on the president’s desk — or that the president would ever sign it. For the time being, his goal is more modest: He hopes to harness the relatively small but growing support for the proposal, and to take its message to voters across the country, showing his fellow Republicans that populist economic policies can win back the White House in 2016.

“This is a mission to change the way people think about the tax code,” he says. “It’s kind of a crazy idea until you look at it and you say, ‘Golly, why haven’t we done that already?’ Because we know that we can’t win Washington until we win the American voter across the country.” –

https://fairtax.org/articles/the-fairtax-makes-a-comeback

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Part 1 of 3: American People Leaving Both Democratic and Republican Parties In Search of A Party With Principles and Leaders With Integrity and Defenders of The United States Constitution — A New Direction For America — Videos

Posted on May 23, 2015. Filed under: American History, Articles, Babies, Banking, Blogroll, British History, Business, Communications, Constitution, Corruption, Crime, Crisis, Demographics, Documentary, Economics, Education, Employment, European History, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Fraud, Freedom, Friends, government, government spending, Health Care, history, Inflation, Investments, Law, liberty, Life, Links, Literacy, Macroeconomics, media, Monetary Policy, Money, Music, Natural Gas, Obamacare, Oil, People, Philosophy, Politics, Press, Programming, Psychology, Radio, Regulations, Religious, Resources, Science, Security, Speech, Strategy, Talk Radio, Tax Policy, Taxes, Video, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Story 1: American People Leaving Both Democratic and Republican Parties In Search of A Party With Principles and Leaders With Integrity and Defenders of The United States Constitution — A New Direction For America — Videos

Five Finger Death Punch – Wrong Side Of Heaven

[

Gallup: Partisan split at historic level

Gallup Poll: Americans Overwhelmingly Want GOP Congress to Set Country’s Agenda, Not Obama

Most Political Independents Ever In USA

How Are Conservative And Liberal Brains Different?

Poll Record High 42 Percent Americans Identify As Independents

Against the USA, Naked Communist Conspiracy Is Unfolding, NWO

1.U.S. acceptance of coexistence as the only alternative to atomic war.
2.U.S. willingness to capitulate in preference to engaging in atomic war.
3.Develop the illusion that total disarmament by the United States would be a demonstration of moral strength.
4.Permit free trade between all nations regardless of Communist affiliation
5.Extension of long-term loans to Russia & satellites.
6.Provide American aid to all nations regardless
7.Grant recognition of Red China. Admission of Red China to the U.N.
8.Set up East and West Germany as separate states under supervision of the U.N.
9.Prolong the conferences to ban atomic tests because the U.S. has agreed to suspend tests as long as negotiations are in progress.
10.Allow all Soviet satellites individual representation in the U.N.
11.Promote the U.N. as the only hope for mankind. Demand that it be set up as a one-world government with its own independent armed forces.
12.Resist any attempt to outlaw the Communist Party.
13.Do away with all loyalty oaths.
14.Continue giving Russia access to the U.S. Patent Office.
15.Capture one or both of the political parties.
16.Use technical decisions of the courts to weaken by claiming their activities violate civil rights.
17.Get control of the schools. Promote Communist propaganda. Soften the curriculum. Get control of teachers’ associations.
18.Gain control of all student newspapers.
19.Use student riots to foment public protests against programs or organizations which are under Communist attack.
20.Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.
21.Gain control of key positions in radio, TV, and motion pictures.
22.Continue discrediting American culture by degrading all forms of artistic expression. “eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms.”
23.Control art critics and directors of art museums.
24.Eliminate all laws governing obscenity by calling them “censorship” and a violation of free speech.
25.Break down cultural standards of morality by promoting pornography and obscenity 26.Present homosexuality, degeneracy and promiscuity as “normal, natural, healthy.”
27.Infiltrate the churches and replace revealed religion with “social” religion. Discredit the Bible as a “religious crutch.”
28.Eliminate prayer or religious expression in the schools
29.Discredit the American Constitution by calling it inadequate, old-fashioned, a hindrance to cooperation between nations on a worldwide basis.
30.Discredit the American Founding Fathers.
31.Belittle all forms of American culture and discourage the teaching of American history
32.Support any socialist movement to give centralized control over any part of the culture; education, social agencies, welfare programs, mental health clinics, etc.
33.Eliminate all laws or procedures which interfere with the operation of communism
34.Eliminate the House Committee on Un-American Activities.
35.Discredit and eventually dismantle the FBI.
36.Infiltrate and gain control of more unions.
37.Infiltrate and gain control of big business.
38.Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand or treat.
39.Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.
40.Discredit the family. Encourage promiscuity, masturbation, easy divorce.
41.Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding to suppressive influence of parents.
42.Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use “united force” to solve economic, political or social problems.
43.Overthrow all colonial governments before natives are ready for self-government.
44.Internationalize the Panama Canal.
45.Repeal the Connally reservation so the United States cannot prevent the World Court from seizing jurisdiction over domestic problems and individuals alike.

Mind Control, Psychology of Brainwashing, Sex & Hypnosis

Fit vs. UnFit, Eugenics, Planned Parenthood & Psychology, Mind Control Report

Yuri Bezmenov: Psychological Warfare Subversion & Control of Western Society

The Subversion Factor, Part 1: Moles In High Places

The Subversion Factor, Part 2: The Open Gates of Troy

G. Edward Griffin – The Collectivist Conspiracy

youtube=https://www.youtube.com/watch?v=jAdu0N1-tvU]

The Quigley Formula – G. Edward Griffin lecture

Robert Welch in 1974 reveals NWO

Robert Welch Speaks: A Touch of Sanity (1965)

Robert Welch Speaks: In One Generation (1974)

CORPORATE FASCISM: The Destruction of America’s Middle Class

CULTURAL MARXISM: The Corruption of America

Countdown to Financial Collapse – A Conversation with G. Edward Griffin

WRCFresnoTV — G. Edward Griffin — The Federal Reserve, Taxes, The I.R.S. & Solutions

Rammstein “We’re all living in America” (HD) English Subtitle

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WASHINGTON, D.C. — After reaching a more than two-year high in early 2015, Americans’ satisfaction with the direction of the U.S. continues to fall. Twenty-six percent of Americans say they are satisfied with the way things are going in the nation in May, down slightly from 32% in January and February.

Satisfaction With the Direction of the U.S.

The latest data are from Gallup’s May 6-10 poll.

Satisfaction jumped nine points in January to 32%, a promising sign that Americans’ moods were improving after a year of lower figures throughout 2014, ranging between 20% and 27%. Since February, though, satisfaction has dipped only slightly each month, but these small drops have resulted in a six-point decline since the beginning of the year. Satisfaction remains below the 36% historical average for Gallup’s trend dating back to 1979.

The drop in Americans’ satisfaction with the way things are going parallels the recent decline in economic confidence. Americans had a more positive outlook on the economy at the dawn of 2015, but these views, like satisfaction, have edged down in recent months.

Satisfaction With the Direction of the U.S. vs. Economic Confidence

Views of the nation’s direction have certainly been brighter in the past. Majorities of Americans were typically satisfied with the direction of the U.S. between 1998 and mid-2002 — including a record high of 71% in February 1999. But satisfaction declined steadily in the latter half of President George W. Bush’s presidency as the public grew disillusioned with the war in Iraq and the national economy suffered. This dip in satisfaction culminated in 7% of Americans, a record low, saying they were satisfied with the direction of the nation in October 2008 as the global economy collapsed and the U.S. stock market plummeted.

Satisfaction improved significantly during the first year of President Barack Obama’s term — reaching 36% in August 2009. It has not returned to that level since, ranging between 11% and 33% throughout Obama’s time in office.

Americans Still List Economy, Gov’t and Unemployment as Top Problems

Though the 14% of Americans who name dissatisfaction with government, Congress and politicians as the top problem facing the U.S. has fallen five points since April, it still remains the most commonly mentioned problem — a distinction it has held for six months.

The economy in general (12%) and unemployment (10%) have remained at the top of the list for several years. But mentions of these issues are down significantly from their recent peaks — the economy reached a high of 37% in 2012, and unemployment reached a high of 39% in 2011.

Trends in Top

Race relations and racism (8%), immigration (6%), a decline in moral, religious and family ethics (6%), the state of the healthcare system (5%) and terrorism (5%) were also among the most frequently cited problems facing the nation.

Most Commonly Named Problems in April 2015 vs. May 2015

Bottom Line

After years of dysfunctional government, the economy and unemployment dominating Americans’ mentions of the top problem facing the nation, fewer mention these problems now than in recent years. Still, these three problems remain at the forefront of Americans’ concerns, and may be driving Americans’ high level of dissatisfaction with the nation’s direction.

Although Americans’ confidence in the economy is higher this year than in recent years, it is still negative. And while fewer mention dysfunctional government as the nation’s top problem, Americans still strongly disapprove of Congress’ performance and remain divided on Obama’s.

Meanwhile, mentions of unemployment as a top problem have dipped as more U.S. workers report their workplaces are hiring and the unemployment rate as reported by the BLS declines. But unemployment still remains one of the most frequently cited problems.

Survey Methods

Results for this Gallup poll are based on telephone interviews conducted May 6-10, 2015, with a random sample of 1,024 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of national adults, the margin of sampling error is ±4 percentage points at the 95% confidence level. All reported margins of sampling error include computed design effects for weighting.

Each sample of national adults includes a minimum quota of 50% cellphone respondents and 50% landline respondents, with additional minimum quotas by time zone within region. Landline and cellular telephone numbers are selected using random-digit-dial methods.

http://www.gallup.com/poll/183248/americans-satisfaction-direction-wanes.aspx?utm_source=Politics&utm_medium=newsfeed&utm_campaign=tiles

Trend: Party affiliation in U.S. plus leaners

Story Highlights

  • Congressional job approval at 19%, essentially unchanged
  • Approval of GOP Congress similar among Republicans and Democrats

WASHINGTON, D.C. — Congressional job approval, currently at 19%, remains stuck near historical lows, despite a number of recent high-profile legislative achievements.

Congressional Job Approval Ratings: 2001-2015

Over the past month, Congress has confirmed the stalled nomination of Attorney General Loretta Lynch and both chambers passed a bill that was signed into law regarding Medicare. Bills that would authorize limited congressional oversight on any international agreement with Iran and help victims of human trafficking passed the Senate with little or no opposition. The uptick in activity, though hardly historic, is notable compared with the past two Congresses. Those Congresses, marked by divided control of the two chambers, were known for their entrenched partisan gridlock and few legislative accomplishments. And Americans didn’t care for their inability to agree — they gave Congress its lowest approval ever over this time period. Gallup found in June 2013, six months into the previous Congress, that gridlock and ineffectiveness were the most frequently cited reason for Americans’ disapproval of Congress.

Several months into this new Congress, the accomplishments that have been realized could give one the impression that the gridlock is softening, particularly over the past month. But these achievements have had virtually no impact on Congress’s job approval compared with early April (15%).

And, of course, Congress is far from working perfectly now, even if the pace of work appears to have increased. Most dramatically, the Senate failed to overcome a Democratic filibuster Tuesday afternoon that would give the president enhanced authority in negotiating trade bills, though the May survey was conducted before this occurrence. Legislation authorizing the use of military force in Iraq and Syria to fight ISIS, proposed by the administration and which many members of Congress support, remains stalled.

GOP Congress Has Low Approval Among Republicans

A key reason the current 114th Congress appears to be having more legislative success than the two Congresses before it is that the House and Senate are now under one party’s control. Unified GOP control of Capitol Hill should, at least in theory, boost Republicans’ overall approval of Congress. But the expected “Republican rally” for Congress has yet to materialize — 21% of Republicans and Republican leaners approve of Congress, not much different from the 18% of independents and of Democrats who approve. Nor is Republican support notably higher than the 15% it reached in 2014, despite the decided Republican tilt of this year’s legislature.

Congressional Job Approval, by Party Identification, May 2015

Bottom Line

After years of dysfunction, Congress is moving forward on key pieces of legislation. No longer shackled by split control — though still facing a president of the opposite party — the legislative branch is suddenly finding some areas of agreement. But even if it appears that the gridlock is easing, the overwhelming majority of Americans still disapprove of Congress. If Congress continues passing bipartisan legislation, more Americans might soften their stance. Still, it may be that Americans are largely not aware of or impressed by Congress’ recent legislative successes. Or it may be that the hit to Congress’ reputation over the last several years — evident not only in dismal job approval ratings, but also fallinglevels of trust and confidence — will take a long time to reverse.

Survey Methods

Results for this Gallup poll are based on telephone interviews conducted May 6-10, 2015, with a random sample of 1,024 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of national adults, the margin of sampling error is ±4 percentage points at the 95% confidence level. All reported margins of sampling error include computed design effects for weighting.

Each sample of national adults includes a minimum quota of 50% cellphone respondents and 50% landline respondents, with additional minimum quotas by time zone within region. Landline and cellular telephone numbers are selected using random-digit-dial methods.

http://www.gallup.com/poll/183128/five-months-gop-congress-approval-remains-low.aspx?utm_source=Politics&utm_medium=newsfeed&utm_campaign=tiles

Story Highlights

  • 31% say they are socially liberal, 31% socially conservative
  • This is the first time conservatives have not outnumbered liberals
  • Conservatives maintain edge on economic issues

PRINCETON, N.J. — Thirty-one percent of Americans describe their views on social issues as generally liberal, matching the percentage who identify as social conservatives for the first time in Gallup records dating back to 1999.

Trend: Americans' Self-Description of Views on Social Issues

Gallup first asked Americans to describe their views on social issues in 1999, and has repeated the question at least annually since 2001. The broad trend has been toward a shrinking conservative advantage, although that was temporarily interrupted during the first two years of Barack Obama’s presidency. Since then, the conservative advantage continued to diminish until it was wiped out this year.

The newfound parity on social ideology is a result of changes in the way both Democrats and Republicans describe their social views. The May 6-10 Gallup poll finds a new high of 53% of Democrats, including Democratic-leaning independents, describing their views on social issues as liberal.

Trend: Ideological Identification on Social Issues, Democrats and Democratic Leaners, 2001-2015

Democrats were more likely to describe their views on social issues as moderate rather than liberal from 2001 to 2005. Since then, socially liberal Democrats have outnumbered socially moderate Democrats in all but one year.

Meanwhile, the 53% of Republicans and Republican leaners saying their views on social issues are conservative is the lowest in Gallup’s trend. The drop in Republicans’ self-identified social conservatism has been accompanied by an increase in moderate identification, to 34%, while the percentage identifying as socially liberal has been static near 10%.

Trend: Ideological Identification on Social Issues, Republicans and Republican Leaners, 2001-2015

These trends echo the pattern in Gallup’s overall ideology measure, which dates back to 1992 and shows increasing liberal identification in recent years. As with the social ideology measure, the longer-term shifts are mainly a result of increasing numbers of Democrats describing their views as liberal rather than moderate. That may reflect Democrats feeling more comfortable in describing themselves as liberal than they were in the past, as much as a more leftward shift in Democrats’ attitudes on political, economic and social issues.

Conservatives Still Lead Liberals on Economic Issues

In contrast to the way Americans describe their views on social issues, they still by a wide margin, 39% to 19%, describe their views on economic issues as conservative rather than liberal. However, as on social ideology, the gap between conservatives and liberals has been shrinking and is lower today than at any point since 1999, with the 39% saying they are economically conservative the lowest to date.

Trend: Americans' Self-Description of Views on Economic Issues

Currently, 64% of Republicans identify as conservative economically, which is down from 70% the previous two years and roughly 75% in the early years of the Obama presidency. During George W. Bush’s administration, Republicans were less likely to say they were economic conservatives, with as few as 58% doing so in 2004 and 2005. The trends suggest Republicans’ willingness to identify as economic conservatives, or economic moderates, is influenced by the party of the president in office, and perhaps the types of financial policies the presidential administration is pursuing at the time.

Trend: Ideological Identification on Economic Issues, Republicans and Republican Leaners, 2001-2015

Democrats are also contributing to the trend in lower economic conservative identification. While the plurality of Democrats have consistently said they are economically moderate, Democrats have been more likely to identify as economic liberals than as economic conservatives since 2007. The last two years, there has been a 15-percentage-point gap in liberal versus conservative identification among Democrats on economic matters.

Trend: Ideological Identification on Economic Issues, Democrats and Democratic Leaners, 2001-2015

Implications

Americans’ growing social liberalism is evident not only in how they describe their views on social issues but also in changes in specific attitudes, such as increased support for same-sex marriage and legalizing marijuana. These longer-term trends may be attributable to changing attitudes among Americans of all ages, but they also may be a result of population changes, with younger, more liberal Americans entering adulthood while older, more conservative adults pass on. Gallup found evidence that population replacement is a factor in explaining changes in overall ideology using an analysis of birth cohorts over time.

The 2016 presidential election will thus be contested in a more socially liberal electorate — and a less economically conservative one — than was true of prior elections. Economically and socially conservative candidates may still appeal to the Republican Party base in the primaries, but it may be more important now than in the past for the GOP nominee to be a bit less conservative on social issues in order to appeal to the broader general electorate.

And while Americans are less economically conservative than in the past, economic conservatives still outnumber economic liberals by about 2-to-1. As a result, Democrats must be careful not to nominate a candidate who is viewed as too liberal on economic matters if their party hopes to hold the White House beyond 2016.

Survey Methods

Results for this Gallup poll are based on telephone interviews conducted May 6-10, 2015, with a random sample of 1,024 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of national adults, the margin of sampling error is ±4 percentage points at the 95% confidence level. All reported margins of sampling error include computed design effects for weighting.

Each sample of national adults includes a minimum quota of 50% cellphone respondents and 50% landline respondents, with additional minimum quotas by time zone within region. Landline and cellular telephone numbers are selected using random-digit-dial methods.

http://www.gallup.com/poll/183386/social-ideology-left-catches-right.aspx?utm_source=Politics&utm_medium=newsfeed&utm_campaign=tiles

AGAINST THE GRAIN
Democrats’ Vanishing Future

Hillary Clinton is not the only Democratic comeback candidate on the 2016 ticket. Senate Democrats are betting on the past to rebuild their party for the future.

BY JOSH KRAUSHAAR

One of the most underappreciated stories in recent years is the deterioration of the Democratic bench under President Obama’s tenure in office. The party has become much more ideologically homogenous, losing most of its moderate wing as a result of the last two disastrous midterm elections. By one new catch-all measure, a party-strength index introduced by RealClearPolitics analysts Sean Trende and David Byler, Democrats are in their worst position since 1928. That dynamic has manifested itself in the Democratic presidential contest, where the bench is so barren that a flawed Hillary Clinton is barreling to an uncontested nomination.

But less attention has been paid to how the shrinking number of Democratic officeholders in the House and in statewide offices is affecting the party’s Senate races. It’s awfully unusual to see how dependent Democrats are in relying on former losing candidates as their standard-bearers in 2016. Wisconsin’s Russ Feingold, Pennsylvania’s Joe Sestak, Indiana’s Baron Hill, and Ohio’s Ted Strickland all ran underwhelming campaigns in losing office in 2010—and are looking to return to politics six years later. Party officials are courting former Sen. Kay Hagan of North Carolina to make a comeback bid, despite mediocre favorability ratings and the fact that she lost a race just months ago that most had expected her to win. All told, more than half of the Democrats’ Senate challengers in 2016 are comeback candidates.

On one hand, most of these candidates are the best choices Democrats have. Feingold and Strickland are running ahead of GOP Sens. Ron Johnson and Rob Portman in recent polls. Hill and Hagan boast proven crossover appeal in GOP-leaning states that would be challenging pickups. Their presence in the race gives the party a fighting chance to retake the Senate.

(RELATED: What’s Next In the House Benghazi Committee’s Hillary Clinton Investigation)

But look more closely, and the reliance on former failures is a direct result of the party having no one else to turn to. If the brand-name challengers didn’t run, the roster of up-and-coming prospects in the respective states is short. They’re also facing an ominous historical reality that only two defeated senators have successfully returned to the upper chamber in the last six decades. As political analyst Stu Rothenberg put it, they’re asking “voters to rehire them for a job from which they were fired.” Senate Democrats are relying on these repeat candidates for the exact same reason that Democrats are comfortable with anointing Hillary Clinton for their presidential nomination: There aren’t any better alternatives.

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For a portrait of the Democrats’ slim pickings, just look at the political breakdown in three of the most consequential battleground states. Republicans hold 12 of Ohio’s 16 House seats, and all six of their statewide offices. In Wisconsin, Republicans hold a majority of the state’s eight House seats and four of five statewide partisan offices. In Pennsylvania, 13 of the 18 representatives are Republicans, though Democrats hold all the statewide offices. (One major caveat: Kathleen Kane, the Democrats’ once-hyped attorney general in the state, is under criminal investigation and has become a political punchline.) These are all Democratic-friendly states that Obama carried twice.

If Strickland didn’t run, the party’s hopes against Portman would lie in the hands of 30-year-old Cincinnati Councilman P.G. Sittenfeld, who would make unexpected history as one of the nation’s youngest senators with a victory. (Sittenfeld is still mounting a long-shot primary campaign against Strickland.) Without Feingold in Wisconsin, the party’s only logical option would be Rep. Ron Kind, who has regularly passed up opportunities for a promotion. Former Milwaukee Mayor Tom Barrett already lost to Gov. Scott Walker twice, and businesswoman Mary Burke disappointed as a first-time gubernatorial candidate last year. And despite the Democratic establishment’s publicized carping over Joe Sestak in Pennsylvania, the list of alternatives is equally underwhelming: His only current intra-party opposition is from the mayor of Allentown.

(RELATED: Hillary Clinton to Launch Her Campaign, Again)

In the more conservative states, the drop-off between favored recruits and alternatives is even more stark. Hagan would be a flawed nominee in North Carolina, but there’s no one else waiting in the wings. The strongest Democratic politician, Attorney General Roy Cooper, is running for governor instead. And in Indiana, the bench is so thin that even the GOP’s embattled governor, Mike Pence, isn’t facing formidable opposition. Hill, who lost congressional reelection campaigns in both 2004 and 2010, is not expected to face serious primary competition in the race to succeed retiring GOP Sen. Dan Coats.

Even in the two swing states where the party landed young, up-and-coming recruits to run, their options were awfully limited. In Florida, 32-year-old Rep. Patrick Murphy is one of only five House Democrats to represent a district that Mitt Romney carried in 2012—and his centrism has made him one of the most compelling candidates for higher office. The Democratic Senatorial Campaign Committee quickly rallied behind his campaign (in part to squelch potential opposition from firebrand congressman Alan Grayson). But if Murphy didn’t run, the alternatives would have been limited: freshman Rep. Gwen Graham and polarizing Democratic National Committee Chair Debbie Wasserman Schultz being the most logical alternatives.

In Nevada, Democrats boast one of their strongest challengers in former state Attorney General Catherine Cortez Masto, vying to become the first Latina ever elected to the Senate. But her ascension is due, in part, to the fact that other talented officeholders lost in the 2014 statewide wipeout. Democratic lieutenant-governor nominee Lucy Flores, hyped by MSNBC as a “potential superstar,” lost by 26 points to her GOP opponent. Former Secretary of State Ross Miller, another fast-rising pol, badly lost his bid for attorney general against a nondescript Republican. By simply taking a break from politics, Cortez Masto avoided the wave and kept her prospects alive for 2016.

(RELATED: Newly Released Clinton Email Detail Benghazi Correspondence)

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This isn’t an assessment of Democratic chances for a Senate majority in 2017; it’s a glaring warning for the party’s longer-term health. If Clinton can’t extend the Democrats’ presidential winning streak—a fundamental challenge, regardless of the political environment—the party’s barren bench will cause even more alarm for the next presidential campaign. And if the Democrats’ core constituencies don’t show up for midterm elections—an outlook that’s rapidly becoming conventional wisdom—Democrats have serious challenges in 2018 as well. It’s why The New Yorker’s liberal writer John Cassidy warned that a Clinton loss next year could “assign [Republicans] a position of dominance.”

By focusing on how the electorate’s rapid change would hand Democrats a clear advantage in presidential races, Obama’s advisers overlooked how the base-stroking moves would play in the states. Their optimistic view of the future has been adopted by Clinton, who has been running to the left even without serious primary competition.

But without a future generation of leaders able to compellingly carry the liberal message, there’s little guarantee that changing demographics will secure the party’s destiny. The irony of the 2016 Senate races is that Democrats are betting on the past, running veteran politicians to win them back the majority—with Clinton at the top of the ticket. If that formula doesn’t work, the rebuilding process will be long and arduous.

http://www.nationaljournal.com/against-the-grain/democrats-vanishing-future-20150521

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Economic Illiterate Obama On Life’s Lottery Winners — Wealth, Job and Income Creators Pay Over 70% of Federal Income Taxes — Obama Wants More — Greedy Progressive Politicians Use Government To Steal Other People’s Money — Videos

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Pronk Pops Show 464 May 14, 2015

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Pronk Pops Show 408: February 2, 2015

Story 1: Economic Illiterate Obama On Life’s Lottery Winners — Wealth, Job and Income Creators Pay  Over 70% of Federal Income Taxes — Obama Wants More — Greedy Progressive Politicians Use Government To Steal Other People’s Money — Videos

“But how is this legal plunder to be identified?

Quite simply. See if the law takes from some persons what belongs to them and gives it to other persons to whom it does not belong.

See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.”

“The state is that great fiction by which everyone tries to live at the expense of everyone else.”

~Frédéric Bastiat

Obama Dismisses Wealthy Americans As ‘Society’s Lottery Winners’

Obama: Tax Hedge Funds More

EAT THE RICH!

IDIOTS – Who pays the most taxes – Franklin vs Marx

Why the Rich Never Pay Taxes

Why The Rich Pay Lower Taxes

Summary of Latest Federal Income Tax Data

December 22, 2014
By Kyle Pomerleau,Andrew Lundeen

The Internal Revenue Service has recently released new data on individual income taxes for calendar year 2012, showing the number of taxpayers, adjusted gross income, and income tax shares by income percentiles.[1]

The data demonstrates that the U.S. individual income tax continues to be very progressive, borne mainly by the highest income earners.

  • In 2012, 136.1 million taxpayers reported earning $9.04 trillion in adjusted gross income and paid $1.1 trillion in income taxes.
  • All income groups increased their income and taxes paid over the previous year.
  • The top 1 percent of taxpayers earned their largest share of income since 2007 at 21.9 percent of total AGI and paid their largest share of the income tax burden since the same year at 38.1 percent of total income taxes.
  • In 2012, the top 50 percent of all taxpayers (68 million filers) paid 97.2 percent of all income taxes while the bottom 50 percent paid the remaining 2.8 percent.
  • The top 1 percent (1.3 million filers) paid a greater share of income taxes (38.1 percent) than the bottom 90 percent (122.4 million filers) combined (29.8 percent).
  • The top 1 percent of taxpayers paid a higher effective income tax rate than any other group at 22.8 percent, which is nearly 7 times higher than taxpayers in the bottom 50 percent (3.28 percent).

Taxpayers Reported $9.04 Trillion in Adjusted Gross Income and Paid $1.19 Trillion in Income Taxes in 2012

Taxpayers reported $9.04 trillion in adjusted gross income (AGI) on 136.1 million tax returns in 2012. This represents $725 billion in additional income over 2011 on 500,000 fewer tax returns. While the majority of the income gain went to the top 5 percent of taxpayers (those making $175,817 or more), every income group experienced an increase in income in 2012. Due to the increase in incomes, taxes paid increased by $142 billion to $1.185 trillion in 2012. Taxes paid increased for all income groups.

The share of income earned by the top 1 percent increased to 21.9 percent of total AGI, the highest level since the peak year of 2007 (22.9 percent of total AGI). The share of the income tax burden for the top 1 percent increased to 38.1 percent from 35.1 percent in 2011, also the highest level since the peak in 2007 (39.8 percent).

Table 1. Summary of Federal Income Tax Data, 2012

Number of Returns*

AGI ($ millions)

Income Taxes Paid ($ millions)

Group’s Share of Total AGI (IRS)

Group’s Share of Income Taxes

Income Split Point

Average Tax Rate

All Taxpayers

136,080,353

9,041,744

1,184,978

100.0%

100.0%

Top 1%

1,360,804

1,976,738

451,328

21.9%

38.1%

> $434,682

22.8%

1-5%

5,443,214

1,354,206

247,215

15.0%

20.9%

18.3%

Top 5%

6,804,018

3,330,944

698,543

36.8%

58.9%

> $175,817

21.0%

5-10%

6,804,017

996,955

132,902

11.0%

11.2%

13.3%

Top 10%

13,608,035

4,327,899

831,445

47.9%

70.2%

> $125,195

19.2%

10-25%

20,412,053

1,933,778

192,601

21.4%

16.3%

10.0%

Top 25%

34,020,088

6,261,677

1,024,046

69.3%

86.4%

> $73,354

16.4%

25-50%

34,020,089

1,776,123

128,017

19.6%

10.8%

7.2%

Top 50%

68,040,177

8,037,800

1,152,063

88.9%

97.2%

> $36,055

14.3%

Bottom 50%

68,040,177

1,003,944

32,915

11.1%

2.8%

< $36,055

3.3%

*Does not include dependent filers.

Top 50 Percent of All Taxpayers Paid 97.2 Percent of All Federal Income Taxes; Top 1 Percent Paid 38.1 Percent; and Bottom 90 Percent Paid 29.7 Percent of All Federal Income Taxes

Figure 1 shows the distribution of AGI and income taxes paid by income percentiles in 2012. In 2012, the bottom 50 percent of taxpayers (those with AGIs below $36,055) earned 11.1 percent of total AGI. This group of taxpayers paid approximately $33 billion in taxes, or 2.8 percent of all income taxes in 2012.

In contrast, the top 1 percent of all taxpayers (taxpayers with AGIs of $434,682 and above), earned 21.9 percent of all AGI in 2012, but paid 38.1 percent of all federal income taxes.

Combined, the top 1 percent of taxpayers (those with AGIs above $434,682) accounted for more income taxes paid than the bottom 90 percent (those with AGIs below $125,195) combined. In 2012, the top 1 percent of taxpayers paid $451 billion in income taxes, or 38.1 percent of all income taxes while the bottom 90 percent paid $353 billion in income taxes, or 29.8 percent of all income taxes paid.

The Top 1 Percent’s Effective Tax Rate Is Nearly Seven Times Higher than the Bottom 50 percent’s

The 2012 IRS data shows that taxpayers with higher incomes pay much higher effective income tax rates than lower-income taxpayers.

The bottom 50 percent of taxpayers (taxpayers with AGIs under $36,055) faced an average effective income tax rate of 3.3 percent. As taxpayer AGI increases, the IRS data shows that average income tax rates rise. For example, taxpayers with AGIs between the 10th and 5th percentile ($125,195 and $175,817) pay an average effective rate of 13.3 percent—four times the rate paid by those in the bottom 50 percent.

The top 1 percent of taxpayers (AGI of $434,682 and higher) paid the highest effective income tax rate at 22.8 percent, 6.9 times the rate faced by the bottom 50 percent of taxpayers. The top 1 percent’s average effective tax rate for 2012 of 22.8 percent was slightly lower than that of 2011 (23.5 percent).

Taxpayers at the very top of the income distribution, the top 0.1 percent, which includes taxpayers with incomes over $2.2 million, actually paid a slightly lower income tax rate than the top 1 percent (21.7 percent versus 22.8 percent). This is due to the fact that very high income taxpayers are more likely to report a greater share of their income as taxable capital gains income. This leads to a slightly lower effective tax rate because capital gains and dividends income faces a lower top income tax rate (23.8 percent) than wage and business income (39.6 percent). It is important to note, however, that capital gains taxes at the individual level are the second layer of tax after the corporate income tax (which is 35 percent).

Appendix

 Table 2. Number of Federal Individual Income Tax Returns Filed 1980–2012 (In thousands)
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 93,239 932 4,662 4,662 9,324 13,986 23,310 23,310 46,619 46,619
1981 94,587 946 4,729 4,729 9,459 14,188 23,647 23,647 47,293 47,293
1982 94,426 944 4,721 4,721 9,443 14,164 23,607 23,607 47,213 47,213
1983 95,331 953 4,767 4,767 9,533 14,300 23,833 23,833 47,665 47,665
1984 98,436 984 4,922 4,922 9,844 14,765 24,609 24,609 49,218 49,219
1985 100,625 1,006 5,031 5,031 10,063 15,094 25,156 25,156 50,313 50,313
1986 102,088 1,021 5,104 5,104 10,209 15,313 25,522 25,522 51,044 51,044
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 106,155 1,062 5,308 5,308 10,615 15,923 26,539 26,539 53,077 53,077
1988 108,873 1,089 5,444 5,444 10,887 16,331 27,218 27,218 54,436 54,436
1989 111,313 1,113 5,566 5,566 11,131 16,697 27,828 27,828 55,656 55,656
1990 112,812 1,128 5,641 5,641 11,281 16,922 28,203 28,203 56,406 56,406
1991 113,804 1,138 5,690 5,690 11,380 17,071 28,451 28,451 56,902 56,902
1992 112,653 1,127 5,633 5,633 11,265 16,898 28,163 28,163 56,326 56,326
1993 113,681 1,137 5,684 5,684 11,368 17,052 28,420 28,420 56,841 56,841
1994 114,990 1,150 5,749 5,749 11,499 17,248 28,747 28,747 57,495 57,495
1995 117,274 1,173 5,864 5,864 11,727 17,591 29,319 29,319 58,637 58,637
1996 119,442 1,194 5,972 5,972 11,944 17,916 29,860 29,860 59,721 59,721
1997 121,503 1,215 6,075 6,075 12,150 18,225 30,376 30,376 60,752 60,752
1998 123,776 1,238 6,189 6,189 12,378 18,566 30,944 30,944 61,888 61,888
1999 126,009 1,260 6,300 6,300 12,601 18,901 31,502 31,502 63,004 63,004
2000 128,227 1,282 6,411 6,411 12,823 19,234 32,057 32,057 64,114 64,114
IRS changed methodology, so data above and below this line not strictly comparable
2001 119,371 119 1,194 5,969 5,969 11,937 17,906 29,843 29,843 59,685 59,685
2002 119,851 120 1,199 5,993 5,993 11,985 17,978 29,963 29,963 59,925 59,925
2003 120,759 121 1,208 6,038 6,038 12,076 18,114 30,190 30,190 60,379 60,379
2004 122,510 123 1,225 6,125 6,125 12,251 18,376 30,627 30,627 61,255 61,255
2005 124,673 125 1,247 6,234 6,234 12,467 18,701 31,168 31,168 62,337 62,337
2006 128,441 128 1,284 6,422 6,422 12,844 19,266 32,110 32,110 64,221 64,221
2007 132,655 133 1,327 6,633 6,633 13,265 19,898 33,164 33,164 66,327 66,327
2008 132,892 133 1,329 6,645 6,645 13,289 19,934 33,223 33,223 66,446 66,446
2009 132,620 133 1,326 6,631 6,631 13,262 19,893 33,155 33,155 66,310 66,310
2010 135,033 135 1,350 6,752 6,752 13,503 20,255 33,758 33,758 67,517 67,517
2011 136,586 137 1,366 6,829 6,829 13,659 20,488 34,146 34,146 68,293 68,293
2012 136,080 136 1,361 6,804 6,804 13,608 20,412 34,020 34,020 68,040 68,040
Source: Internal Revenue Service.
Table 3. Adjusted Gross Income of Taxpayers in Various Income Brackets, 1980–2012 ($Billions)
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 $1,627 $138 $342 $181 $523 $400 $922 $417 $1,339 $288
1981 $1,791 $149 $372 $201 $573 $442 $1,015 $458 $1,473 $318
1982 $1,876 $167 $398 $207 $605 $460 $1,065 $478 $1,544 $332
1983 $1,970 $183 $428 $217 $646 $481 $1,127 $498 $1,625 $344
1984 $2,173 $210 $482 $240 $723 $528 $1,251 $543 $1,794 $379
1985 $2,344 $235 $531 $260 $791 $567 $1,359 $580 $1,939 $405
1986 $2,524 $285 $608 $278 $887 $604 $1,490 $613 $2,104 $421
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 $2,814 $347 $722 $316 $1,038 $671 $1,709 $664 $2,374 $440
1988 $3,124 $474 $891 $342 $1,233 $718 $1,951 $707 $2,658 $466
1989 $3,299 $468 $918 $368 $1,287 $768 $2,054 $751 $2,805 $494
1990 $3,451 $483 $953 $385 $1,338 $806 $2,144 $788 $2,933 $519
1991 $3,516 $457 $943 $400 $1,343 $832 $2,175 $809 $2,984 $532
1992 $3,681 $524 $1,031 $413 $1,444 $856 $2,299 $832 $3,131 $549
1993 $3,776 $521 $1,048 $426 $1,474 $883 $2,358 $854 $3,212 $563
1994 $3,961 $547 $1,103 $449 $1,552 $929 $2,481 $890 $3,371 $590
1995 $4,245 $620 $1,223 $482 $1,705 $985 $2,690 $938 $3,628 $617
1996 $4,591 $737 $1,394 $515 $1,909 $1,043 $2,953 $992 $3,944 $646
1997 $5,023 $873 $1,597 $554 $2,151 $1,116 $3,268 $1,060 $4,328 $695
1998 $5,469 $1,010 $1,797 $597 $2,394 $1,196 $3,590 $1,132 $4,721 $748
1999 $5,909 $1,153 $2,012 $641 $2,653 $1,274 $3,927 $1,199 $5,126 $783
2000 $6,424 $1,337 $2,267 $688 $2,955 $1,358 $4,314 $1,276 $5,590 $834
IRS changed methodology, so data above and below this line not strictly comparable
2001 $6,116 $492 $1,065 $1,934 $666 $2,600 $1,334 $3,933 $1,302 $5,235 $881
2002 $5,982 $421 $960 $1,812 $660 $2,472 $1,339 $3,812 $1,303 $5,115 $867
2003 $6,157 $466 $1,030 $1,908 $679 $2,587 $1,375 $3,962 $1,325 $5,287 $870
2004 $6,735 $615 $1,279 $2,243 $725 $2,968 $1,455 $4,423 $1,403 $5,826 $908
2005 $7,366 $784 $1,561 $2,623 $778 $3,401 $1,540 $4,940 $1,473 $6,413 $953
2006 $7,970 $895 $1,761 $2,918 $841 $3,760 $1,652 $5,412 $1,568 $6,980 $990
2007 $8,622 $1,030 $1,971 $3,223 $905 $4,128 $1,770 $5,898 $1,673 $7,571 $1,051
2008 $8,206 $826 $1,657 $2,868 $905 $3,773 $1,782 $5,555 $1,673 $7,228 $978
2009 $7,579 $602 $1,305 $2,439 $878 $3,317 $1,740 $5,058 $1,620 $6,678 $900
2010 $8,040 $743 $1,517 $2,716 $915 $3,631 $1,800 $5,431 $1,665 $7,096 $944
2011 $8,317 $737 $1,556 $2,819 $956 $3,775 $1,866 $5,641 $1,716 $7,357 $961
2012 $9,042 $1,017 $1,977 $3,331 $997 $4,328 $1,934 $6,262 $1,776 $8,038 $1,004
Source: Internal Revenue Service.
 Table 4. Total Income Tax after Credits, 1980–2012 ($Billions)
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 $249 $47 $92 $31 $123 $59 $182 $50 $232 $18
1981 $282 $50 $99 $36 $135 $69 $204 $57 $261 $21
1982 $276 $53 $100 $34 $134 $66 $200 $56 $256 $20
1983 $272 $55 $101 $34 $135 $64 $199 $54 $252 $19
1984 $297 $63 $113 $37 $150 $68 $219 $57 $276 $22
1985 $322 $70 $125 $41 $166 $73 $238 $60 $299 $23
1986 $367 $94 $156 $44 $201 $78 $279 $64 $343 $24
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 $369 $92 $160 $46 $205 $79 $284 $63 $347 $22
1988 $413 $114 $188 $48 $236 $85 $321 $68 $389 $24
1989 $433 $109 $190 $51 $241 $93 $334 $73 $408 $25
1990 $447 $112 $195 $52 $248 $97 $344 $77 $421 $26
1991 $448 $111 $194 $56 $250 $96 $347 $77 $424 $25
1992 $476 $131 $218 $58 $276 $97 $374 $78 $452 $24
1993 $503 $146 $238 $60 $298 $101 $399 $80 $479 $24
1994 $535 $154 $254 $64 $318 $108 $425 $84 $509 $25
1995 $588 $178 $288 $70 $357 $115 $473 $88 $561 $27
1996 $658 $213 $335 $76 $411 $124 $535 $95 $630 $28
1997 $727 $241 $377 $82 $460 $134 $594 $102 $696 $31
1998 $788 $274 $425 $88 $513 $139 $652 $103 $755 $33
1999 $877 $317 $486 $97 $583 $150 $733 $109 $842 $35
2000 $981 $367 $554 $106 $660 $164 $824 $118 $942 $38
IRS changed methodology, so data above and below this line not strictly comparable
2001 $885 $139 $294 $462 $101 $564 $158 $722 $120 $842 $43
2002 $794 $120 $263 $420 $93 $513 $143 $657 $104 $761 $33
2003 $746 $115 $251 $399 $85 $484 $133 $617 $98 $715 $30
2004 $829 $142 $301 $467 $91 $558 $137 $695 $102 $797 $32
2005 $932 $176 $361 $549 $98 $647 $145 $793 $106 $898 $33
2006 $1,020 $196 $402 $607 $108 $715 $157 $872 $113 $986 $35
2007 $1,112 $221 $443 $666 $117 $783 $170 $953 $122 $1,075 $37
2008 $1,029 $187 $386 $597 $115 $712 $168 $880 $117 $997 $32
2009 $863 $146 $314 $502 $101 $604 $146 $749 $93 $842 $21
2010 $949 $170 $355 $561 $110 $670 $156 $827 $100 $927 $22
2011 $1,043 $168 $366 $589 $123 $712 $181 $893 $120 $1,012 $30
2012 $1,185 $220 $451 $699 $133 $831 $193 $1,024 $128 $1,152 $33
Source: Internal Revenue Service.
Table 5. Adjusted Gross Income Shares, 1980–2012 (percent of total AGI earned 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% 8.46% 21.01% 11.12% 32.13% 24.57% 56.70% 25.62% 82.32% 17.68%
1981 100% 8.30% 20.78% 11.20% 31.98% 24.69% 56.67% 25.59% 82.25% 17.75%
1982 100% 8.91% 21.23% 11.03% 32.26% 24.53% 56.79% 25.50% 82.29% 17.71%
1983 100% 9.29% 21.74% 11.04% 32.78% 24.44% 57.22% 25.30% 82.52% 17.48%
1984 100% 9.66% 22.19% 11.06% 33.25% 24.31% 57.56% 25.00% 82.56% 17.44%
1985 100% 10.03% 22.67% 11.10% 33.77% 24.21% 57.97% 24.77% 82.74% 17.26%
1986 100% 11.30% 24.11% 11.02% 35.12% 23.92% 59.04% 24.30% 83.34% 16.66%
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 100% 12.32% 25.67% 11.23% 36.90% 23.85% 60.75% 23.62% 84.37% 15.63%
1988 100% 15.16% 28.51% 10.94% 39.45% 22.99% 62.44% 22.63% 85.07% 14.93%
1989 100% 14.19% 27.84% 11.16% 39.00% 23.28% 62.28% 22.76% 85.04% 14.96%
1990 100% 14.00% 27.62% 11.15% 38.77% 23.36% 62.13% 22.84% 84.97% 15.03%
1991 100% 12.99% 26.83% 11.37% 38.20% 23.65% 61.85% 23.01% 84.87% 15.13%
1992 100% 14.23% 28.01% 11.21% 39.23% 23.25% 62.47% 22.61% 85.08% 14.92%
1993 100% 13.79% 27.76% 11.29% 39.05% 23.40% 62.45% 22.63% 85.08% 14.92%
1994 100% 13.80% 27.85% 11.34% 39.19% 23.45% 62.64% 22.48% 85.11% 14.89%
1995 100% 14.60% 28.81% 11.35% 40.16% 23.21% 63.37% 22.09% 85.46% 14.54%
1996 100% 16.04% 30.36% 11.23% 41.59% 22.73% 64.32% 21.60% 85.92% 14.08%
1997 100% 17.38% 31.79% 11.03% 42.83% 22.22% 65.05% 21.11% 86.16% 13.84%
1998 100% 18.47% 32.85% 10.92% 43.77% 21.87% 65.63% 20.69% 86.33% 13.67%
1999 100% 19.51% 34.04% 10.85% 44.89% 21.57% 66.46% 20.29% 86.75% 13.25%
2000 100% 20.81% 35.30% 10.71% 46.01% 21.15% 67.15% 19.86% 87.01% 12.99%
IRS changed methodology, so data above and below this line not strictly comparable
2001 100% 8.05% 17.41% 31.61% 10.89% 42.50% 21.80% 64.31% 21.29% 85.60% 14.40%
2002 100% 7.04% 16.05% 30.29% 11.04% 41.33% 22.39% 63.71% 21.79% 85.50% 14.50%
2003 100% 7.56% 16.73% 30.99% 11.03% 42.01% 22.33% 64.34% 21.52% 85.87% 14.13%
2004 100% 9.14% 18.99% 33.31% 10.77% 44.07% 21.60% 65.68% 20.83% 86.51% 13.49%
2005 100% 10.64% 21.19% 35.61% 10.56% 46.17% 20.90% 67.07% 19.99% 87.06% 12.94%
2006 100% 11.23% 22.10% 36.62% 10.56% 47.17% 20.73% 67.91% 19.68% 87.58% 12.42%
2007 100% 11.95% 22.86% 37.39% 10.49% 47.88% 20.53% 68.41% 19.40% 87.81% 12.19%
2008 100% 10.06% 20.19% 34.95% 11.03% 45.98% 21.71% 67.69% 20.39% 88.08% 11.92%
2009 100% 7.94% 17.21% 32.18% 11.59% 43.77% 22.96% 66.74% 21.38% 88.12% 11.88%
2010 100% 9.24% 18.87% 33.78% 11.38% 45.17% 22.38% 67.55% 20.71% 88.26% 11.74%
2011 100% 8.86% 18.70% 33.89% 11.50% 45.39% 22.43% 67.82% 20.63% 88.45% 11.55%
2012 100% 11.25% 21.86% 36.84% 11.03% 47.87% 21.39% 69.25% 19.64% 88.90% 11.10%
Source: Internal Revenue Service.
Table 6. Total Income Tax Shares, 1980–2012 (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%
IRS changed methodology, so data above and below this line not strictly comparable
2001 100% 15.68% 33.22% 52.24% 11.44% 63.68% 17.88% 81.56% 13.54% 95.10% 4.90%
2002 100% 15.09% 33.09% 52.86% 11.77% 64.63% 18.04% 82.67% 13.12% 95.79% 4.21%
2003 100% 15.37% 33.69% 53.54% 11.35% 64.89% 17.87% 82.76% 13.17% 95.93% 4.07%
2004 100% 17.12% 36.28% 56.35% 10.96% 67.30% 16.52% 83.82% 12.31% 96.13% 3.87%
2005 100% 18.91% 38.78% 58.93% 10.52% 69.46% 15.61% 85.07% 11.35% 96.41% 3.59%
2006 100% 19.24% 39.36% 59.49% 10.59% 70.08% 15.41% 85.49% 11.10% 96.59% 3.41%
2007 100% 19.84% 39.81% 59.90% 10.51% 70.41% 15.30% 85.71% 10.93% 96.64% 3.36%
2008 100% 18.20% 37.51% 58.06% 11.14% 69.20% 16.37% 85.57% 11.33% 96.90% 3.10%
2009 100% 16.91% 36.34% 58.17% 11.72% 69.89% 16.85% 86.74% 10.80% 97.54% 2.46%
2010 100% 17.88% 37.38% 59.07% 11.55% 70.62% 16.49% 87.11% 10.53% 97.64% 2.36%
2011 100% 16.14% 35.06% 56.49% 11.77% 68.26% 17.36% 85.62% 11.50% 97.11% 2.89%
2012 100% 18.60% 38.09% 58.95% 11.22% 70.17% 16.25% 86.42% 10.80% 97.22% 2.78%
Source: Internal Revenue Service.
Table 7. Dollar Cut-Off, 1980–2012 (minimum AGI for tax return to fall into various percentiles; thresholds not adjusted for inflation)
Year Top 0.1% Top 1% Top 5% Top 10% Top 25% Top 50%
1980 $80,580 $43,792 $35,070 $23,606 $12,936
1981 $85,428 $47,845 $38,283 $25,655 $14,000
1982 $89,388 $49,284 $39,676 $27,027 $14,539
1983 $93,512 $51,553 $41,222 $27,827 $15,044
1984 $100,889 $55,423 $43,956 $29,360 $15,998
1985 $108,134 $58,883 $46,322 $30,928 $16,688
1986 $118,818 $62,377 $48,656 $32,242 $17,302
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 $139,289 $68,414 $52,921 $33,983 $17,768
1988 $157,136 $72,735 $55,437 $35,398 $18,367
1989 $163,869 $76,933 $58,263 $36,839 $18,993
1990 $167,421 $79,064 $60,287 $38,080 $19,767
1991 $170,139 $81,720 $61,944 $38,929 $20,097
1992 $181,904 $85,103 $64,457 $40,378 $20,803
1993 $185,715 $87,386 $66,077 $41,210 $21,179
1994 $195,726 $91,226 $68,753 $42,742 $21,802
1995 $209,406 $96,221 $72,094 $44,207 $22,344
1996 $227,546 $101,141 $74,986 $45,757 $23,174
1997 $250,736 $108,048 $79,212 $48,173 $24,393
1998 $269,496 $114,729 $83,220 $50,607 $25,491
1999 $293,415 $120,846 $87,682 $52,965 $26,415
2000 $313,469 $128,336 $92,144 $55,225 $27,682
IRS changed methodology, so data above and below this line not strictly comparable
2001 $1,393,718 $306,635 $132,082 $96,151 $59,026 $31,418
2002 $1,245,352 $296,194 $130,750 $95,699 $59,066 $31,299
2003 $1,317,088 $305,939 $133,741 $97,470 $59,896 $31,447
2004 $1,617,918 $339,993 $140,758 $101,838 $62,794 $32,622
2005 $1,938,175 $379,261 $149,216 $106,864 $64,821 $33,484
2006 $2,124,625 $402,603 $157,390 $112,016 $67,291 $34,417
2007 $2,251,017 $426,439 $164,883 $116,396 $69,559 $35,541
2008 $1,867,652 $392,513 $163,512 $116,813 $69,813 $35,340
2009 $1,469,393 $351,968 $157,342 $114,181 $68,216 $34,156
2010 $1,634,386 $369,691 $161,579 $116,623 $69,126 $34,338
2011 $1,717,675 $388,905 $167,728 $120,136 $70,492 $34,823
2012 $2,161,175 $434,682 $175,817 $125,195 $73,354 $36,055
Source: Internal Revenue Service.
Table 8. Average Tax Rate, 1980–2012 (percent of AGI paid in income taxes)
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 15.31% 34.47% 26.85% 17.13% 23.49% 14.80% 19.72% 11.91% 17.29% 6.10%
1981 15.76% 33.37% 26.59% 18.16% 23.64% 15.53% 20.11% 12.48% 17.73% 6.62%
1982 14.72% 31.43% 25.05% 16.61% 22.17% 14.35% 18.79% 11.63% 16.57% 6.10%
1983 13.79% 30.18% 23.64% 15.54% 20.91% 13.20% 17.62% 10.76% 15.52% 5.66%
1984 13.68% 29.92% 23.42% 15.57% 20.81% 12.90% 17.47% 10.48% 15.35% 5.77%
1985 13.73% 29.86% 23.50% 15.69% 20.93% 12.83% 17.55% 10.41% 15.41% 5.70%
1986 14.54% 33.13% 25.68% 15.99% 22.64% 12.97% 18.72% 10.48% 16.32% 5.63%
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 13.12% 26.41% 22.10% 14.43% 19.77% 11.71% 16.61% 9.45% 14.60% 5.09%
1988 13.21% 24.04% 21.14% 14.07% 19.18% 11.82% 16.47% 9.60% 14.64% 5.06%
1989 13.12% 23.34% 20.71% 13.93% 18.77% 12.08% 16.27% 9.77% 14.53% 5.11%
1990 12.95% 23.25% 20.46% 13.63% 18.50% 12.01% 16.06% 9.73% 14.36% 5.01%
1991 12.75% 24.37% 20.62% 13.96% 18.63% 11.57% 15.93% 9.55% 14.20% 4.62%
1992 12.94% 25.05% 21.19% 13.99% 19.13% 11.39% 16.25% 9.42% 14.44% 4.39%
1993 13.32% 28.01% 22.71% 14.01% 20.20% 11.40% 16.90% 9.37% 14.90% 4.29%
1994 13.50% 28.23% 23.04% 14.20% 20.48% 11.57% 17.15% 9.42% 15.11% 4.32%
1995 13.86% 28.73% 23.53% 14.46% 20.97% 11.71% 17.58% 9.43% 15.47% 4.39%
1996 14.34% 28.87% 24.07% 14.74% 21.55% 11.86% 18.12% 9.53% 15.96% 4.40%
1997 14.48% 27.64% 23.62% 14.87% 21.36% 12.04% 18.18% 9.63% 16.09% 4.48%
1998 14.42% 27.12% 23.63% 14.79% 21.42% 11.63% 18.16% 9.12% 16.00% 4.44%
1999 14.85% 27.53% 24.18% 15.06% 21.98% 11.76% 18.66% 9.12% 16.43% 4.48%
2000 15.26% 27.45% 24.42% 15.48% 22.34% 12.04% 19.09% 9.28% 16.86% 4.60%
IRS changed methodology, so data above and below this line not strictly comparable
2001 14.47% 28.17% 27.60% 23.91% 15.20% 21.68% 11.87% 18.35% 9.20% 16.08% 4.92%
2002 13.28% 28.48% 27.37% 23.17% 14.15% 20.76% 10.70% 17.23% 8.00% 14.87% 3.86%
2003 12.11% 24.60% 24.38% 20.92% 12.46% 18.70% 9.69% 15.57% 7.41% 13.53% 3.49%
2004 12.31% 23.06% 23.52% 20.83% 12.53% 18.80% 9.41% 15.71% 7.27% 13.68% 3.53%
2005 12.65% 22.48% 23.15% 20.93% 12.61% 19.03% 9.45% 16.04% 7.18% 14.01% 3.51%
2006 12.80% 21.94% 22.80% 20.80% 12.84% 19.02% 9.52% 16.12% 7.22% 14.12% 3.51%
2007 12.90% 21.42% 22.46% 20.66% 12.92% 18.96% 9.61% 16.16% 7.27% 14.19% 3.56%
2008 12.54% 22.67% 23.29% 20.83% 12.66% 18.87% 9.45% 15.85% 6.97% 13.79% 3.26%
2009 11.39% 24.28% 24.05% 20.59% 11.53% 18.19% 8.36% 14.81% 5.76% 12.61% 2.35%
2010 11.81% 22.84% 23.39% 20.64% 11.98% 18.46% 8.70% 15.22% 6.01% 13.06% 2.37%
2011 12.54% 22.82% 23.50% 20.89% 12.83% 18.85% 9.70% 15.82% 6.98% 13.76% 3.13%
2012 13.11% 21.67% 22.83% 20.97% 13.33% 19.21% 9.96% 16.35% 7.21% 14.33% 3.28%
Source: Internal Revenue Service.

(1) For data prior to 2001, all tax returns that have a positive AGI are included, even those that do not have a positive income tax liability. For data from 2001 forward, returns with negative AGI are also included, but dependent returns are excluded.

(2) Income tax after credits (the tax measure above) does not account for the refundable portion of EITC. If it were included (as is often the case with other organizations), the tax share of the top income groups would be higher. The refundable portion is legally classified as a spending program by the Office of Management and Budget and therefore is not included by the IRS in these figures.

(3) The only tax analyzed here is the federal individual income tax, which is responsible for about 25 percent of the nation’s taxes paid (at all levels of government). Federal income taxes are much more progressive than payroll taxes, which are responsible for about 20 percent of all taxes paid (at all levels of government), and are more progressive than most state and local taxes (depending upon the economic assumption made about property taxes and corporate income taxes).

(4) AGI is a fairly narrow income concept and does not include income items like government transfers (except for the portion of Social Security benefits that is taxed), the value of employer-provided health insurance, underreported or unreported income (most notably that of sole proprietors), income derived from municipal bond interest, net imputed rental income, worker’s compensation benefits, and others.

(5) Tax return is the unit of analysis, which is broader than households, especially for those at the bottom end, many of which are dependent returns (prior to 2001). Some dependent returns are included in the figures here prior to 2001, and under other units of analysis (like the Treasury Department’s Family Economic Unit) would likely be paired with their parents’ returns.

(6) These figures represent the legal incidence of the income tax, although most distributional tables (such as those from CBO, Tax Policy Center, Citizens for Tax Justice, the Treasury Department, and JCT) assume that the entire economic incidence of personal income taxes falls on the income earner.


[1] Internal Revenue Service, SOI Tax Stats–Individual Income Tax Rates and Tax Shares,http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Rates-and-Tax-Shares.

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The Pronk Pops Show 348, October 14, 2014, Story 1: Story 1: Stop The Ebola Illegal Alien Invasion/Pandemic — Secure The U.S./Mexican Border — Videos

Posted on October 14, 2014. Filed under: American History, Biology, Blogroll, Business, Chemistry, Communications, Computers, Demographics, Diasters, Ebola, Federal Communications Commission, Federal Government, Food, Foreign Policy, Freedom, government spending, history, Illegal, Immigration, Language, Law, Legal, liberty, Life, Links, Literacy, media, Medical, National Security Agency (NSA_, Natural Gas, Oil, People, Philosophy, Photos, Politics, Radio, Rants, Raves, Regulations, Resources, Science, Security, Talk Radio, Technology, Terrorism, Unemployment, Video, War, Wealth, Weapons of Mass Destruction, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 348: October 14, 2014

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Story 1: Stop The Ebola Illegal Alien Invasion/Pandemic — Secure The U.S./Mexican Border — Videos

USA Invaded by Central America….

RED ALERT: TOP GENERAL WARNS EBOLA WILL NOT STAY IN WEST AFRICA!!!!

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MicroKillers: Super Flu

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The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Posted on July 18, 2011. Filed under: Banking, Blogroll, Business, Communications, Economics, Employment, Federal Government, Fiscal Policy, Investments, Language, Law, liberty, Life, Links, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Talk Radio, Taxes, Technology, Unemployment, Unions, Video, War, Wealth | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

Pronk Pops Show 37:July 20, 2011

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Stop Spending Our Future – The Crisis

 

The Story of Spending

 

Smoke and Mirrors on Spending Cuts

 

 

Spending Restraint, Part I: Lessons from Ronald Reagan and Bill Clinton

 

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

 

The National Debt Road Trip

 

How To Balance the Obama Budget

 

It’s Simple to Balance The Budget Without Higher Taxes

 

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

 

Obama: I’m Willing to Compromise

 

We Cannot Bind a Future Congress

 

GOP: We Need a Balanced Budget Amendment

 

Obama: We don’t need a balanced budget amendment

 

A Balanced Budget Amendment: The Path to Fiscal Sanity

 

The Time is NOW – Balanced Budget Amendment

 

Senator Lee Introduces Cut, Cap, Balance Act as a Sensible Solution for Raising the Debt Ceiling

 

Our Troubling Tax System

 

 

Barack Obama will raise Capital Gains Taxes…even if it means less tax revenue!!

 

Ron Paul & Judge Napolitano on FOX News 03/10/11

 

 

The FairTax: It’s Time

 

Lugar Cosponsors the FairTax

 

Herman Cain on Taxes

 

Flat Tax vs. National Sales Tax

 

Ron Paul – THE FAIRTAX REVOLUTION

 

Mike Huckabee – What is the “Fair Tax?”  

 

Fair Tax Panel with Grover Norquist on FOX Business

 

Ron Paul Opposes Raising Debt Limit

 

Bachmann Stands Strong Against Raising Debt Ceiling

 

 

 

Milton Friedman on Libertarianism (Part 4 of 4)

 

How To Amend The U.S. Constitution

 

How To Amend the U.S. Constitution

 

Cut, Cap & Balance! Senators Paul, Lee and Vitter want a Constitutional Amendment

 

Cut, Cap and Balance…A Great Way To Keep Our Debt From Overtaking Our Future

 

Ron Paul Ad – Conviction Not Compromise

 

Ron Paul Will Beat Obama In 2012

 

 

 

I agree with Ron Paul and Michele Bachmann that the National Debt ceiling should not be increased.

I support and have signed the cut, cap, and balance pledge.

Only if both the balanced budget amendment and FairTax bills are passed with a provision  repealing the income tax 16th Amendment would I support the raising of the National Debt ceiling by an amount not exceeding $2,000 billion.

This would require the Democratic Party in both the House of Representatives and Senate to vote for this and the President signing these bills.

Barring this, the President needs to start informing nonessential government employees that their jobs have been terminated.

The priorities for Federal Government outlays should be as follows:

1. Interest on the national debt

2. Social Security

3. Medicare and Medicaid

5. Department of Treasury

6. Department of Justice

7. Department of State

8. Department of Defense (60% of total budget outlays)  with salaries of military personnel on active duty paid first.

The above is about 65% of total government expenditures or outlays.

The Federal government should start selling all of its real estate asset and gold  to make up any shortfall in tax revenues.

The remaining Federal Departments need to be closed and only operations that are absolutely essential should continue operating.

It should take a minimum of two to five years to have the necessary 38 states ratify the Balanced Budget Amendment and an Amendment repealing the income tax 16th Amendment to the Consitution to the United States.

Until these amendments are ratified the U.S. Federal Government budget should be balanced and the income tax replaced by the consumption tax–The FairTax.

The Budget for Fiscal Year 2012 should not exceed $3,000 billion not the proposed $3,500 billion Republican budget which has a deficit of nearly $1,000 billion.

Congress should balance the budget starting in Fiscal Year 2013 at $ 3,000 billion or less.

Time for the House of Representatives to call President Obama’s bluff.

The American people want Federal Government spending to be drastically cut and all U.S. Federal Government budgets balanced starting no later than Fiscal year 2013.

The American people want all Federal Government  taxes to be replaced with a national retail consumption sales tax on all new goods and services–the FairTax.

The FairTax should go into operation on January 1, 2013 at the latest and would replace all Federal Government taxes including income, payroll, gift and estate taxes. 

The time has come to call the President’s bluff. 

If the Democrats vote against this, then the American people will blame them for shutting down the Federal Government.

 

 

Background Articles and Videos

 

Legendary investor Jim Rogers- “Ron Paul is the only politician that has a clue”

 

 

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

 

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

 

 

FINANCIAL MANAGEMENT SERVICE
                                                  STAR – TREASURY FINANCIAL DATABASE
             TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  06/11

   PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
   PRIOR YEAR

     OCTOBER                                                                   135,293                311,656                176,363
     NOVEMBER                                                             133,563                253,850                120,287
     DECEMBER                                                               218,919                310,329                 91,410
     JANUARY                                                                205,239                247,873                 42,634
     FEBRUARY                                                             107,520                328,429                220,909
     MARCH                                                                     153,358                218,745                 65,387
     APRIL                                                                       245,260                327,950                 82,689
     MAY                                                                          146,794                282,721                135,927
     JUNE                                                                         251,048                319,470                 68,422
     JULY                                                                         155,546                320,588                165,043
     AUGUST                                                                   163,998                254,524                 90,526
     SEPTEMBER                                                          245,207                279,813                 34,607

       YEAR-TO-DATE                                             2,161,746              3,455,949           1,294,204

   CURRENT YEAR

     OCTOBER                                                                145,951                286,384                140,432
     NOVEMBER                                                          148,970                299,364                150,394
     DECEMBER                                                           236,875                315,009                 78,134
     JANUARY                                                            226,550                276,346                 49,796
     FEBRUARY                                                          110,656                333,163                222,507
     MARCH                                                                 150,894                339,047                188,153
     APRIL                                                                    289,543                329,929                 40,387
     MAY                                                                       174,936                232,577                 57,641
     JUNE                                                                      249,658                292,738                 43,080

       YEAR-TO-DATE                                           1,734,033              2,704,557           970,524

http://www.fms.treas.gov/mts/mts0611.txt

 

U.S. Federal Government Budget Receipts and Outlays
Totals Include On-Budget and Off-Budget Amounts
From Coolidge To Obama, In Billions of Dollars

  Total Budget   Percent of G.D.P.
President Fiscal
Year
Receipts Outlays Surplus orDeficits G.D.P. Receipts Outlays Surplus orDeficit
Calvin Coolidge 1930 4.1 3.3 0.7 97.4 4.2 3.4 .8
Herbert Hoover 1931 3.1 3.6 -0.5 83.9 3.7 4.3 -0.6
  1932 1.9 4.7 -2.7 67.6 2.8 6.9 -4.9
  1933 2.0 4.6 -2.6 57.6 3.5 8.0 -4.5
F.D.Roosevelt 1934 3.0 6.5 -3.6 61.2 4.8 10.7 -5.9
  1935 3.6 6.4 -2.8 69.6 5.2 9.2 -4.0
  1936 3.9 8.2 -4.3 78.5 5.0 10.5 -5.5
  1937 5.4 7.6 -2.2 87.8 6.1 8.6 -2.5
  1938 6.8 6.8 -0.1 89.0 7.6 7.7 -0.1
  1939 6.3 9.1 -2.8 89.1 7.1 10.3 -3.2
  1940 6.5 9.5 -2.9 96.8 6.8 9.8 -3.0
  1941 8.7 13.7 -4.9 114.1 7.6 12.0 -4.3
  1942 14.6 35.1 -20.5 144.3 10.1 24.3 -14.2
  1943 24.0 78.6 -54.6 180.3 13.3 43.6 -30.3
  1944 43.7 91.3 -47.6 209.2 20.9 43.6 -22.7
  1945 45.2 92.7 -47.6 221.4 20.4 41.9 -21.5
  1946 39.3 55.2 -15.9 222.6 17.7 24.8 -7.2
Harry S.Truman 1947 38.5 34.5 4.0 233.2 16.5 14.8 1.7
  1948 41.6 29.8 11.8 256.6 16.2 6.9 4.6
  1949 39.4 38.8 0.6 271.3 14.5 14.3 0.2
  1950 39.4 38.8 0.6 273.1 14.4 15.6 -1.1
  1951 51.6 45.5 6.1 320.2 16.1 14.2 1.9
  1952 66.2 67.7 -1.5 348.7 19.0 19.4 -0.3
  1953 60.7 70.9 -6.5 372.5 18.7 20.4 -1.7
D.D.Eisenhower 1954 69.7 70.9 -1.2 377.0 18.5 18.8 -0.3
  1955 65.5 68.4 -3.07 395.9 16.5 17.3 -.8
  1956 74.6 70.6 3.9 427.0 17.5 16.5 0.9
  1957 80.0 76.6 3.4 450.9 17.7 17.0 0.8
  1958 79.6 82.4 -2.8 460.0 17.3 17.9 -0.6
  1959 79.2 92.1 -12.8 490.2 16.2 18.8 -2.6
  1960 92.5 92.2 0.3 518.9 17.8 17.8 0.1
  1961 94.4 97.7 -3.3 529.9 17.8 18.4 -1.3
John F.Kennedy 1962 99.7 106.8 -4.8 567.8 17.6 18.8 -1.3
  1963 106.6 111.3 -4.8 599.2 17.8 18.4 -0.6
Lyndon B.Johnson 1964 112.6 118.5 -5.9 641.5 17.6 18.5 -0.9
  1965 116.8 118.2 -1.4 687.5 17.0 17.2 -0.2
  1966 130.8 134.5 -3.7 755.8 17.3 17.8 -0.5
  1967 148.8 157.5 -8.6 810.0 18.4 19.4 -1.1
  1968 153.0 178.1 -25.2 868.4 17.6 20.5 -2.9
  1969 186.9 183.6 3.2 948.1 19.7 19.4 -0.3
Richard N.Nixon 1970 192.8 195.6 -2.8 1,012.7 19.0 19.3 -0.3
  1971 187.1 210.2 -23.0 1,080.0 17.3 19.5 -2.1
  1972 207.3 230.7 -23.4 1,176.5 17.6 19.6 -2.0
  1973 230.8 245.7 -14.9 1,310.6 17.6 18.7 -1.1
  1974 263.2 269.4 -6.1 1,438.5 18.3 18.7 -0.4
Gerald R.Ford 1975 279.1 332.3 -53.2 1,560.2 17.9 21.3 -3.4
  1976 298.1 371.8 -73.7 1,738.16 17.1 21.4 -4.2
  TQ 81.2 96.0 -14.7 459.4 17.7 20.0 -3.2
  1977 355.6 409.2 -53.7 1,973.5 18.0 20.7 -2.7
Jimmy Carter 1978 399.6 458.7 -59.2 2,217.5 18.0 20.7 -2.7
  1979 463.3 504.0 -40.7 2,501.4 18.5 20.1 -1.6
  1980 517.1 590.9 -73.8 2,724.2 19.0 21.7 -2.7
  1981 599.3 678.2 -79.0 3,057.0 19.6 22.2 -2.6
Ronald Reagan 1982 617.8 745.7 -128.0 3,223.7 19.2 23.1 -4.0
  1983 600.6 808.4 -207.8 3,440.7 17.5 23.5 -6.0
  1984 666.4 851.8 -185.4 3,844.4 17.3 22.2 -4.8
  1985 734.0 946.3 -212.3 4,146.3 17.7 22.8 -5.1
Ronald Reagan 1986 769.2 990.4 -212.2 4,403.9 17.5 22.5 -4.9
  1987 854.3 1,004.0 -149.7 4,651.4 18.4 21.6 -3.2
  1988 909.2 1,064.4 -155.2 5,008.5 18.2 21.3 -3.0
  1989 991.1 1,143.7 -152.6 5,399.5 18.4 21.2 -4.9
George H.W.Bush 1990 1,032.0 1,253.0 -221.0 5,734.5 18.0 21.9 -3.9
  1991 1,055.0 1,324.2 -269.2 5,930.5 17.8 22.3 -4.5
  1992 1,091.2 1,381.5 -290.3 6,242.0 17.5 22.1 -4.7
  1993 1,154.3 1,409.4 -255.1 6,587.3 17.5 21.4 -3.9
William J. Clinton 1994 1,258.6 1,461.8 -203.2 6,976.6 2.8 6.9 -4.9
  1995 1,351.8 1,515.8 -164.0 7,341.1 18.4 20.6 -2.2
  1996 1,453.1 1,560.5 -107.4 7,718.3 18.8 20.2 -1.4
  1997 1,579.2 1,601.1 -21.9 8,211.7 19.2 19.5 -0.3
William J. Clinton 1998 1,721.7 1,652.5 69.3 67.6 19.9 19.1 0.8
  1999 1,827.5 1,701.8 125.6 9,208.4 19.8 18.5 1.4
  2000 2,025.2 1,789.0 236.2 9,821.0 20.6 18.2 2.4
  2001 1,991.1 1,862.9 128.2 10,225.3 19.5 18.2 1.3
George W.Bush 2002 1,853.1 2,010.9 -157.8 10,543.9 17.6 19.1 -1.5
  2003 1,782.3 2,159.9 -377.6 10,979.8 16.2 19.7 -3.4
  2004 1,880.1 2,292.9 -412.7 11,685.6 16.1 19.6 -3.5
  2005 2,153.6 2,472.0 -318.3 12,445.7 17.3 19.9 -2.6
George W.Bush 2006 2,406.0 2,655.1 -248.2 13,224.9 18.2 20.1 -1.9
  2007 2,568.0 2,728.7 -160.7 13,896.0 18.5 19.6 -1.2
  2008 2,524.0 2,982.6 -458.6 14,439.0 17.5 20.7 -3.2
  2009 2,105.0 3,517.7 -1,412.7 14,237.2 14.8 24.7 -9.9
Barack H.Obama 2010 2,165.1 3,720.7 -1,555.6 14,623.9 14.8 25.4 -10.6
estimates 2011 2,567.2 3,833.9 -1,266.7 15,299.0 16.8 25.1 -8.3
estimates 2012 2,926.4 3,754.9 -828.5 16,203.3 18.1 23.2 -5.1

Prior to fiscal year 1977 the Federal fiscal years began on July 1 and ended on June 30. For example, John F. Kennedy assumed office on January 20, 1961, but the FY 1961 budget was prepared by the Eisenhower Administration.

In calendar year 1976 the July-September period was a separate accounting period (known as the transition quarter or TQ) to bridge the period required to shift to the new fiscal year.

The Fiscal Year begins on October 1 of the previous year. For example, Fiscal Year 2012 begins on October 1, 2011. For this reason, budget years appear to not correspond with a president’s administration. For example, Barack H. Obama took office in January 2009, but the FY 2009 budget was prepared by the Bush Administration.

http://www.presidency.ucsb.edu/data/budget.php

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Pronk Pops Shows 1-27–Podcasts or Download–Give It A Listen!

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Listen To Pronk Pops Podcast or Download Shows 27

 

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

 

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

 

Listen To Pronk Pops Podcast or Download Shows 10-15

 

Listen To Pronk Pops Podcast or Download Shows 1-9

 

Pronk Pops Show 27 

May 11, 2011 10:13 AM PDT

Pronk Pops Show 27, May 10, 2011

Segment 1: Bureau of Labor Statistics Official Unemployment Rate (U-3) Increased To 9.0% With 13.7 Million Americans Unemployed and Total Unemployment Rate (U-6) Increased To 15.9% With 24.4 Million Americans Seeking Full Time Job–Economy Adds 244,000 Jobs But Initial Unemployment Claims Hit Eight Month High of 474,000!–Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/05/09/pronk-pops-show-27-may-9-2011-segment-1-bureau-of-labor-statistics-offical-unemployment-rate-u-3-increased-to-9-0-with-13-7-million-americans-unemployed-and-total-unemployment-rate-u-6-increas/

Segment 2: OMI-Obama Misery Index–U.S. Misery Index Is Rising As Both The Unemployment Rate and Inflation Rate Increase!–Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/05/10/pronk-pops-show-27-may-10-2011-segment-2-omi-obama-misery-index-u-s-misery-index-is-rising-as-both-the-unemployment-rate-and-inflation-rate-increase-vidoes/

Segment 3: Segment 3: Speaker Boehner’s Address to the Economic Club of New York on Jobs, Debt, Gas Prices–Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/05/10/pronk-pops-show-27-may-10-2011-segment-3-speaker-boehners-address-to-the-economic-club-of-new-york-on-jobs-debt-gas-prices/

 

 

Pronk Pops Show 26

April 27, 2011 11:28 AM PDT

Pronk Pops Show 25, April 26, 2011

Segment 0: Eva Cassidy–A Singer’s Singer

Segment 1: Ron Paul Is Running For President of The United States In 2012!–The Third Time Is The Charm–A Man Of Integrity–A Candidate For Peace and Prosperity–Neither A Big Government Warfare Republican Nor A Massive Government Welfare Democrat–A Man Of And For The American People–A Tea Party Patriot–Ron Paul–Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/04/26/pronk-pops-show-25-april-26-2011-segment-0-eva-cassidy-a-singers-singer-segment-1-ron-paul-is-running-for-president-of-the-united-states-in-2012%E2%80%93the-third-time-is-the-charm%E2%80%93a/?preview=true&preview_id=808&preview_nonce=d3d9842e9a

Segment 3: President Obama Is The Reason Your Gasoline Prices Are Going Up!–American People Favor Drilling For Oil and Gas!–Drill Baby Drill–Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/04/26/pronk-pops-show-25-april-26-2011-segment-3-president-obama-is-the-reason-your-gasoline-prices-are-going-up-american-people-favor-drilling-for-oil-and-gas-drill-baby-drill-videos/

Pronk Pops Show 24

April 20, 2011 12:47 PM PDT

Pronk Pops Show 24: April 19, 2011

Segment 0: S&P Rating Outlook Changed From “Stable” To “Negative” For U.S. Treasury Debt–Videos

Segment 1: Who is John Galt? Who is Ayn Rand–Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/04/17/pronk-pops-show-24-april-19-2011-segment-1-who-is-john-galt-who-is-ayn-rand-videos/

Segment 2: 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

For additional information and videos:
http://pronkpops.wordpress.com/2011/04/18/pronk-pops-show-24-april-18-2011-segment-2-president-obamas-fiscal-year-2012-budget-speech-of-april-13-2011-eat-the-rich-and-killing-the-american-dream-class-warfare-cuts-national-security-sp/

Segment 3: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/04/18/pronk-pops-show-24-april-19-2011-segment-3-the-fairtax-national-consumption-sales-tax-vs-the-flat-tax-one-rate-federal-income-tax-who-pays-the-most-federal-individual-income-tax-videos/

Pronk Pops Show 23

April 13, 2011 10:31 AM PDT

Pronk Pops Show 23: April 12, 2011

Segment 0: Sidney Lumet–Rest In Peace–Videos

Segment 1: 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

For additional information and videos:

http://pronkpops.wordpress.com/2011/04/11/tea-party-movement-demands-passage-of-balance-budget-amendment-and-balanced-budget-rule-as-the-price-for-raising-the-national-debt-ceiling-one-last-time-by-1000000000000-videos/?preview=true&preview_id=701&preview_nonce=5e679dbc1d

Segment 2: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

For additional information and videos:

http://pronkpops.wordpress.com/2011/04/11/pronk-pops-show-23-april-12-2011-segment-2the-fairtax-national-consumption-sales-tax-vs-the-flat-tax-one-rate-federal-income-tax-who-pays-the-most-federal-individual-income-tax-videos/

Pronk Pops Show 22 (Part 2)

April 08, 2011 11:16 AM PDT

Pronk Pops Show 22, April 7, 2011

Segment 1: 3,500,000 Million Americans Unemployed in March 2011 Still Exceeds Great Depression High of 13,000,000 In March 1933–The Obama Depressions Continues–Bureau of Labor Statistics: 8.8% Official Unemployment Rate (U-3) vs. Gallup Unemployment Rate of 10.0%–Nonfarm Payroll Increased By 216,000–The Government Makes The Depression Worse!–Videos

Segment 2: Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

For additional information and videos on the above segments:

http://pronkpops.wordpress.com/2011/04/04/pronk-pops-show-22-april-5-2011-segment-113500000-million-americans-unemployed-in-march-2011-still-exceeds-great-depression-high-of-13000000-in-march-1933%E2%80%93the-obama-depressions-contin/

Pronk Pops Show 22 (Part 1)

April 07, 2011 10:41 AM PDT

Pronk Pops: Show 22, April 7, 2011

Segment 0: Glenn Beck Ending His Show At Fox News

Segment 1: 3,500,000 Million Americans Unemployed in March 2011 Still Exceeds Great Depression High of 13,000,000 In March 1933–The Obama Depressions Continues–Bureau of Labor Statistics: 8.8% Official Unemployment Rate (U-3) vs. Gallup Unemployment Rate of 10.0%–Nonfarm Payroll Increased By 216,000–The Government Makes The Depression Worse!–Videos

Segment 2: Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

For additional information and videos on the above segments:

http://pronkpops.wordpress.com/2011/04/04/pronk-pops-show-22-april-5-2011-segment-113500000-million-americans-unemployed-in-march-2011-still-exceeds-great-depression-high-of-13000000-in-march-1933%E2%80%93the-obama-depressions-contin/

Pronk Pops Show 21

March 29, 2011 03:41 PM PDT

Pronk Pops Show 21, March 29, 2010

Segment 1: The Truth And Consequences About Undeclared Wars–Real Strange Bedfellows–Obama Allies U.S. with Libyan Rebels Including Islamic Jihadists, Moslem Brotherhood, and Al-Qaeda!–Give Peace A Chance–AC-130 Gunship–A-10 Warthogs–F-15E Strike Eagles and Special Operation Smash Squads

For Additional Information and Videos:

http://pronkpops.wordpress.com/2011/03/29/pronk-pops-show-21-march-29-2011-the-truth-and-consequences-about-undeclared-wars%E2%80%93real-strange-bedfellows%E2%80%93obama-allies-u-s-with-libyan-rebels-including-islamic-jihadists-moslem-b/

Pronk Pops Show 20

March 23, 2011 12:02 PM PDT

Pronk Pops Show 20: March 22, 2011

Segment 1:F-15 Crashes In Libya

Segment 2surprisedne Unconstitutional and Undeclared War Too Many: The Great Pretender, Peace Candidate And Noble Peace Prize Winner, President Barack Obama Undeclared War On Libya’s Muammar Ghaddafi In Defense Of Libyian Islamic Fighting Group (LIFG) Rebels Linked To al-Qaeda and The BP Libyian Oil Deal Linked To Obama Campaign Contributions–A Political Payoff!–Obama Has To Go In 2012–Videos

Segment 3:Earthquake Damages Japanese Nuclear Plant At Fukushima Daiichi, Four Explosions and Four Nuclear Reactors Flooded With Seawater To Contain Release Of Radioactive Material and Plant Released Radioactive Materials To Stop Pressure Buildup–Partial Meltdown Of Nuclear Core Feared–Radioactive Material Escaping From Plant–Over 250,000 Ordered Evacuated From 20 Kilometer (12.4 Miles) Radius From Plant–Videos

For Additional Information and Videos:

http://pronkpops.wordpress.com/2011/03/22/pronk-pops-show-20-march-22-2011-segment-1-f-15-crashes-in-libya-segment-2-videos/?preview=true&preview_id=569&preview_nonce=40500c814b

Pronk Pops Show 19

March 09, 2011 10:57 AM PST

Pronk Pops Show 19: March 8, 2011

Segment 1: 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

Segment 2, Gallup–U.S. Unemployment Hits 10.3% In February 2011 Vs. Bureau of Labor Statistics (BLS) U.S. Unemployment Rate Declined By .1% To 8.9% in February 2011 With Job Creation of 192,000 In February 2011–Over 13.7 Million Americans Unemployed More Than Worse Month of Great Depression!

For more information and videos related to this show click on links below:

http://pronkpops.wordpress.com/2011/03/08/pronk-pops-show-19-march-8-2011segment-1-the-washington-political-elites-of-both-parties-are-not-serious-about-balancing-the-federal-budget-and-funding-entitlement-liabilities-send-in-the-clowns/

http://pronkpops.wordpress.com/2011/03/08/pronk-pops-show-19-march-8-2010-segment-2-gallup-u-s-unemployment-hits-10-3-in-february-2011-vs-bureau-of-labor-statistics-bls-u-s-unemployment-rate-declined-by-1-to-8-9-in-february-2011-wi/

Pronk Pops Show 18

March 03, 2011 03:35 PM PST

Pronk Pops Show 18: March 3, 2011

Segment 1: Remembering The Brooklyn Dodgers and Duke Snider

Segment 2: The National Debt Will Hit $20,000,000,000,000 By 2020!

Segment 3 Public Sector Unions vs. The America People: Replacing The American Dream With The Socialist Union Nightmare

For additional information and videos on the above segments:

http://pronkpops.wordpress.com/2011/03/01/pronk-pops-show-18-march-1-2011-remembering-the-brooklyn-dodgers-and-duke-snider-the-union-corruption-of-government-delusion-of-the-unconstrained-vision-of-unlimited-government-and-the-2000000/

Pronk Pop Show 17

February 22, 2011 03:47 PM PST

Pronk Pops Show 17: February 22, 2011

Black History Month–Progressives–Eugenics–Black Population Control–Abortion–Black Genocide–Planned Parenthood–Barack Obama

For more information and videos relating to the show:

http://pronkpops.wordpress.com/2011/02/22/pronk-pops-show-17-february-22-2011-black-history-month-progressives-eugenics-black-population-control-abortion-black-genocide-planned-parenthood-barack-obama-videos/

Pronk Pops Show 16

February 15, 2011 03:49 PM PST

Pronk Pops Show 16: February 15, 2011

Conservative Political Action Conference 2011

President Obama’s Saint Valentine’s Massacre of The American People–Fiscal Year 2012 Budget Buster–Spending $3,729 Billion–Taxes $2,627 Billion–Deficit $1,101 Billion–Dead On Arrival–DOA– 3 Million Tea Party Patriots To March On Washington D.C. On Friday, April 15, 2011 In Protest!

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2011/02/15/pronk-pops-show-16-february-15-2011-conservative-political-action-conference-cpac-2011-and-president-obamas-saint-valentines-massacre-of-the-american-people-fiscal-year-2012-budget-buster-s/

Pronk Pops Show 15: Hour 3

February 10, 2011 03:32 PM PST

Pronk Pops Show 15:February 8,2011, Hour 3

Lies, Damn Lies, Statistics, and Obama’s Unbelievable Unemployment Numbers

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa-2/

Pronk Pops Show 15: Hour 2

February 10, 2011 03:23 PM PST

Pronk Pops Show 15: February 8, 2011 Hour 2

Rolling Power Outages in Texas

Obama Care Declared Unconstitutional and Void By Federal Judge

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa/

Pronk Pops Show 15: Hour 1

February 10, 2011 03:10 PM PST

Pronk Pops Show 15: February 8,2011, Hour 1

Super Storm and Super Bowl In Dallas, Texas

Man-Made Carbon Dioxide Emission and Global Warming–Science vs. Politics

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa/

Pronk Pops Show 14

January 28, 2011 02:10 PM PST

Pronk Pops Show 14: January 27, 2011

The Big Lie and Free Speech

President Obama’s State of the Union Campaign Speech

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2011/01/27/pronk-pops-show-14-january-27-2011-the-big-lie-and-free-speech-and-president-obamas-state-of-the-union-campaign-speech-videos/

Pronk Pops Show 13

December 09, 2010 01:22 PM PST

Pronk Pops Show 13: December 9, 2010

Latest News Update on WikiLeaks

Federal Reserve Unconventional Monetary Policy

President Obama and Republicans Agree To Two Year Tax Rate Extension and

One Year Unemployment Benefit Extension–More Deficit Spending and Debt!

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/12/09/pronk-pops-show-december-9-2010-president-obama-and-republican-cut-tax-and-spend-deal-time-for-serious-spending-cuts-balance-budgets-and-the-flat-tax/

Pronk Pops Show 12

December 08, 2010 04:18 PM PST

Pronk Pops Show 12: December 8, 2010

News Update On WikiLeaks and Julian Assange

The Chairman of The Federal Reserve and Quantitative Easing 2

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/12/08/pronk-pops-show-12-december-8-2010-news-update-on-julian-assange-wikileaks-ben-benanke-the-fed-barack-obama-tax-and-spend-democrats-videos/

Pronk Pops Show 11

December 03, 2010 02:18 PM PST

Pronk Pops Show 11: December 3, 2010

News and Commentary On November 2010 Unemployment Rate and Level Statistics

WikiLeaks

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/12/03/pronk-pops-show-11-december-3-2010-news-unemployment-rate-up-to-9-8-with-over-15-million-unemployed-wikileaks-food-prices-rising-the-fairtax-videos-2/?preview=true&preview_id=245&preview_nonce=e49c7ff2d2

Pronk Pops Show 10

December 02, 2010 12:35 PM PST

Pronk Pops Show 10: December 1, 2010

Update on new TSA Airport Screening Procedures

Portland, Oregon Terrorist Bomber Arrested by F.B.I.

WikiLeaks Posts Department of State Cables

For more information and videos related to this show click on link below:
http://pronkpops.wordpress.com/2010/11/24/pronk-pops-show-10-november-24-2010-food-prices-rising-fairtax-updates-on-tsa-and-quantitative-easing-money-printing-videos/

Pronk Pops Show 9

November 19, 2010 02:23 PM PST

Pronk Pops Show 9: November 19, 2010

Federal Reserve Chairman Bernanke Responds To Critics of Monetary Policy

Transportation Security Administration or TSA New Screening Procedures:
Full Body Scanners and Extended Pat-Downs

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/11/15/pronk-pops-show-9-november-17-2010-quantitative-easing-2-update-g-20-summit-a-bust-tsa-tyrants-scanning-americans-videos/

Pronk Pops Commentary 1

November 11, 2010 03:42 PM PST

Pronk Pops Commentary 1: November 11, 2010

Stop Federal Reserve Quantitative Easing or Money Printing

Pronk Pops Show 8

November 10, 2010 04:24 PM PST

Pronk Pops Show 8: November 10, 2010

Tea Party Major Issues: Jobs, Spending, Deficits, Debt, Taxes, Health Care and Illegal Immigration

Tea Party Stars: Senators: Rand Paul and Marco Rubio

Republican Tea Party Test: Cutting Federal Spending By Over $1,000 Billion To Balance The Budget For Fiscal Years 2011, 2012, and 2013.

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/11/10/pronk-pops-show-8-november-10-2010-fiscal-policy-cut-spending-balanced-budgets-no-new-taxes-monetary-policy-no-quantitative-easing-or-printing-money-hidden-tax-videos/

Pronk Pops Show 7

November 09, 2010 02:45 PM PST

Pronk Pops Show 7: November 9, 2010

Unemployment News

Tea Party Effect On 2010 Elections

Key Issues: Federal Budget Deficits and National Debt

Cutting Federal Government Spending and Balancing The Federal Budget

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/11/05/pronk-pops-show-7-november-8-2010-the-tea-party-effect-what-is-next-and-update-on-feds-qe2/

Pronk Pops Show 6

November 03, 2010 03:58 PM PDT

Pronk Pops Show 6: November 3, 2010

Winning Elections With MOMMA (Money, Organization, Message, Momentum, Ambition) and The Tea Party Movement Effect

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/11/03/pronk-pops-show-6-november-3-2010-winning-elections-with-momma-money-organization-message-momentum-ambition-and-the-tea-party-movement-effect-videos/

Pronk Pops Show 5

October 28, 2010 03:49 PM PDT

Pronk Pops Show 5: October 27, 2010

Democratic Party’s National Attack Ad Campaign on Candidates and the Flat Tax

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/10/28/pronk-pops-show-5-october-27-2010-democratic-party-national-attack-ad-campaign-on-fairtax-videos/

Pronk Pops Show 4

October 28, 2010 03:43 PM PDT

Pronk Pops Show 4: October 20, 2010

Money, Quantitative Easing and Inflation in the United States Economy

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/10/20/pronk-pops-number-4-videosquantitive-easying-ii-printing-money-to-finance-federal-govenment/

Pronk Pops Show 3

October 28, 2010 03:32 PM PDT

Pronk Pops Show 3: October 14, 2010

Unemployment and inflation in the United States economy

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/10/28/pronk-pops-show-3-october-14-2010unemployment-and-inflation/

Pronk Pops Show 2

October 28, 2010 03:27 PM PDT

Pronk Pops Show 2: October 13, 2010

The 10:10 carbon emission ad campaign on climate change

http://www.youtube.com/watch?v=wliC2Eiwoyw

http://www.1010global.org/uk

Secretary of State Hillary Clinton replacing Vice President Joseph Biden on the 2010 Democratic Party ticket

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/10/05/pronk-pops-number-2-october-6-2010-1010-campaign-the-progressive-radical-socialists-method-of-cutting-carbon-emissions-kill-those-who-disagree-with-you-no-pressure-your-choice-the-big-lie-v/

Pronk Pops Show 1

October 28, 2010 03:01 PM PDT

Pronk Pops Show 1: September 29, 2010

University of Texas at Austin shooting/suicide

The Tea Party Movement in the United States

For more information and videos related to this show click on link below:

http://pronkpops.wordpress.com/2010/09/29/pronk-pops-program-number-1-september-29-2010-clips-and-notes-videos/

Listen To Pronk Pops Podcast or Download Shows 27

 

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

 

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

 

Listen To Pronk Pops Podcast or Download Shows 10-15

 

Listen To Pronk Pops Podcast or Download Shows 1-9

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Fed Policy of Quantative Easing 2 (Creating Money) and Very Low Interest Rates Results In U.S. Gross Domestic Product (GDP) Growth Rates Falling–U.S. Consumer Prices Rising–Unemployment Rates Remain High–Stagflation!–Videos

Posted on April 28, 2011. Filed under: American History, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Homes, Immigration, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Psychology, Raves, Resources, Talk Radio, Taxes, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , |

 

United States Interest Rate 

“…The benchmark interest rate in the United States was last reported at 0.25 percent. In the United States, authority for interest rate decisions is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate. From 1971 until 2010 the United States’ average interest rate was 6.45 percent reaching an historical high of 20.00 percent in March of 1980 and a record low of 0.25 percent in December of 2008. This page includes: United States Interest Rate chart, historical data and news. …”


http://www.tradingeconomics.com/united-states/interest-rate

United States GDP Growth Rate

“…The Gross Domestic Product (GDP) in the United States expanded 1.8 percent in the first quarter of 2011 over the previous quarter. From 1947 until 2010 The United States’ average quarterly GDP Growth was 3.30 percent reaching an historical high of 17.20 percent in March of 1950 and a record low of -10.40 percent in March of 1958. The economy of the United States is the largest in the world. The United States is a market-oriented economy where private individuals and business firms make most of the decisions. The federal and state governments buy needed goods and services predominantly in the private marketplace. This page includes: United States GDP Growth Rate chart, historical data and news. …”

http://www.tradingeconomics.com/united-states/gdp-growth

 

United States Inflation Rate

“…The inflation rate in United States was last reported at 2.7 percent in March of 2011. From 1914 until 2010, the average inflation rate in United States was 3.38 percent reaching an historical high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: United States Inflation Rate chart, historical data and news. …”

http://www.tradingeconomics.com/united-states/inflation-cpi

 

 

United States Unemployment Rate

“…The unemployment rate in the United States was last reported at 8.8 percent in March of 2011. From 1948 until 2010 the United States’ Unemployment Rate averaged 5.70 percent reaching an historical high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military. This page includes: United States Unemployment Rate chart, historical data and news. …”

http://www.tradingeconomics.com/united-states/unemployment-rate

 

Quantitative Easing Explained

 

Grant Expects Another Round of Fed Quantitative Easing

 

Ben Bernanke’s Own Words on Fed Policy, QE2, U.S. Economy

 

Bernanke Spotlights Political, Economic Challenges in Historic News Conference

 

Bernanke Meets The Press In Historic News Conference

 

Ron Paul Responds to Fed Press Conference 04/27/11

 

Kudlow Report, April 27, 2011

 

 

Gerald Celente on RT: Discusses Ben Bernanke’s statements on US Economy

 

Ron Paul & The Federal Reserve – End the Fed (27-Apri-11)(POLITICS IN ACTION series)

Ron Paul on Bloomberg 4/27/11

 

FIRST EVER: Federal Reserve Press Conference Since US Coup d’etat of 1913

 

 

Swonk Says Gold Prices `Huge Indicator’ of Uncertainty

  

 

Hastings Says Gasoline Price Rise Won’t Halt U.S. Growth

 

Strasser Says U.S. Consumer to Feel Higher Food Prices

 

Fed Lowers 2011 GDP Growth Estimate, Raises Core Inflation Expectation

 

Gold and Silver Prices Signal the Destruction of the Dollar

 

Peter Schiff Is The Age Of America Nearing It s End

 

 

Marc Faber on Inflation – “The Ben Bernanke is a Murderer of the Working & Middle Class!”

 

 

Ed Butowsky | Stagflation Frustration

 

END FED: Walmart Warns Of Serious Inflation (Food-Clothing) Ahead; Fed-Bankers Caused Stagflation

 

*Hyperinflation Report* Proof Food Packaging is Getting Smaller Tuna, Chips

 

END FED: Oil Prices Rise Due To 1)Oil Comanies Can’t Drill 2)Fed Money Printing 3)Wars & Instability

 

Fed Takes Foot Off the Gas

By JON HILSENRATH And LUCA DI LEO

“…The Federal Reserve used its first-ever news conference to signal it will phase out a controversial bond-buying program—and to reassure a skeptical public that the central bank is doing everything it can to control inflation and expand an uneven recovery that has yet to reach many Americans.

WSJ’s Kelly Evans leads a discussion breaking down Federal Reserve Chairman Ben Bernanke’s first-ever press conference.

“It is very hard to blame the American public for being impatient,” Fed Chairman Ben Bernanke, a former economics professor, told about 60 reporters at Wednesday’s one-hour news conference, which was transmitted on the Internet and televised. “Conditions are far from where we would like them to be. The combination of high unemployment, high gas prices and high foreclosure rates is a terrible combination and a lot of people are having a very tough time.”

Mr. Bernanke said the central bank would complete its $600 billion bond-buying program in June, as planned, and maintain ultra-low interest-rates for the now.

Amid 8.8% unemployment, a moribund housing market, and rising gas and food prices, the Fed chairman took his message directly to the public.

He aimed in part to better explain the thinking within a central bank whose reputation has been bruised by the recession and its aftermath. That reputation is especially important right now, because Mr. Bernanke needs to convince the public that he won’t let inflation take off after pushing interest rates to near zero or employ unconventional measures, such as the bond-buying program, to boost growth.

By ending the bond purchases, the Fed has effectively decided that it won’t do more to boost growth, even though the economy appeared to stumble during the first quarter. Fed officials now will turn their attention to when the central bank might start raising interest rates. Mr. Bernanke made clear he isn’t inclined to do that for a long time, unless the inflation outlook worsens. …”

http://online.wsj.com/article/SB10001424052748704099704576289030398644312.html

 

Economic Growth Slow as Inflation Measure Spikes Up 

“…Growth in U.S. gross domestic product—a measure of all goods and services produced within U.S. borders—braked to a 1.8 percent annual rate after a 3.1 percent fourth quarter pace, the Commerce Department said on Thursday. Economists had expected a 2 percent growth pace.

“We hit a bit of a soft patch in the first quarter, but that should prove temporary because weather was a drag and we got blindsided a bit by a jump in gasoline prices late in the quarter,” said Ryan Sweet, a senior economist at Moody’s Analytics before the report was released.

The Federal Reserve on Wednesday acknowledged the slowdown in first-quarter growth, describing the recovery as proceeding at a “moderate pace”—a slight step back from a statement in March when it said the economy was on a “firmer footing.”

It trimmed its growth estimate for 2011 to between 3.1 and 3.3 percent from a 3.4 to 3.9 percent January projection. …”

“…Rising commodity prices meant the households that drive about 70 percent of U.S. economic activity had less money to spend on other items. The report also underscored the pain that strong food and gasoline prices are inflicting on households.

A broader measure of inflation, the personal consumption expenditures price index, rose at a 3.8 percent rate—its fastest pace since the third quarter of 2008—after increasing 1.7 percent in the fourth quarter.

The core index, which excludes food and energy costs, accelerated to a 1.5 percent rate—the fastest since the fourth quarter of 2009 — from 0.4 percent in the fourth quarter. The core gauge is closely watched by Fed officials, who would like it around 2 percent. …”

http://www.cnbc.com/id/42796520

 

 

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

Posted on April 9, 2011. Filed under: American History, College, Economics, Education, Employment, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Raves, Taxes, Technology, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , |

“The income tax created more criminals than any other single act of government.”
~Barry Goldwater

Income Tax vs. Consumption Tax

 

What is the FairTax legislation?

“…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

We offer a library of information throughout this Web site about the features and benefits of the FairTax plan. Please explore! …”

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

 

The FairTax: It’s Time

 

Tom Wright on the FairTax part 1

 

Why is the FairTax better than a flat income tax?

 

Dan Mitchell explains the fair tax

 

Laura Ingraham Interviews John Linder And Steve Forbes On Fair Tax Or Flat Tax

 

Five Key Reasons to Reject Class-Warfare Tax Policy

Who Pays Federal Income Taxes?

 

Uncle Sam Wants Your Money

 

It’s Simple to Balance The Budget Without Higher Taxes

Controlling Leviathan: The Battle for Limited Government

Question and Answer Session: The Fight Against Big Government

 

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

US State Sales Tax Rates – 2010
State
State sales tax rate (January 1st, 2010)%
Alabama
4.0
Alaska
nil
Arizona
5.6
Arkansas
6.0
California
8.25
Colorado
2.9
Connecticut
6.0
Delaware
nil
Florida
6.0
Georgia
4.0
Hawaii
4.0
Idaho
6.0
Illinois
6.25
Indiana
7.0
Iowa
6.0
Kansas
5.3
Kentucky
6.0
Louisiana
4.0
Maine
5.0
Maryland
6.0
Massachusetts
6.25
Michigan
6.0
Minnesota
6.875
Mississippi
7.0
Missouri
4.225
Montana
nil
Nebraska
5.5
Nevada
6.85
New Hampshire
nil
New Jersey
7.0
New Mexico
5.0
New York
4.0
North Carolina
5.75
North Dakota
5.0
Ohio
5.5
Oklahoma
4.5
Oregon
nil
Pennsylvania
6.0
Rhode Island
7.0
South Carolina
6.0
South Dakota
4.0
Tennessee
7.0
Texas
6.25
Utah
4.7
Vermont
6.0
Virginia
5.0
West Virginia
6.0
Wisconsin
5.0
Washington
6.5
Washington DC
6.0
Wyoming
4.0

http://www.usa-sales-use-tax-e-commerce.com/table_sales_rates.asp

The 48 Contiguous States and DC
Persons in family Poverty guideline
1 $10,830
2 14,570
3 18,310
4 22,050
5 25,790
6 29,530
7 33,270
8 37,010
For families with more than 8 persons, add $3,740 for each additional person.

http://www.atdn.org/access/poverty.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

 

Background Articles and Videos

 

Why Is The Fair Tax so Controversial–My Contribution to Fair Tax Friday

Mar 25th, 2011 by David Anderson

“…The result is the tax code is 71,684 pages (2010). In 2006, before Pelosi took over, it was 61,845 pages.   In 2005, the federal government estimated that the code and regulations contained 9,097,000 words. That is why it is burdensome.  It is a huge lodestone attaching itself to our economy and weighing us down in the international race for jobs and growth.  Fair Tax advocates say that it costs us 900 dollars per man, woman, boy, and girl in compliance costs.   According the Tax Foundation, it costs us an estimated 368,000,000,000 dollars in compliance cost which is higher than Fair Tax estimates.  Large companies have entire floors devoted to compliance with the tax code not productive activities.

Compare it to the Fair Tax proposal.  It is no comparison.  You are no longer manipulated.   Naturally, charitable donations and education expenses are not taxed.   You are not constantly manipulated. The hand of despotism is vanquished.  We go from 71,00 pages to 36 pages of code.   Compliance costs drop dramatically. 

Even better, we will finally have a tax system designed to grow the economy.   Currently imports get better treatment than domestic production.  The playing field is leveled. Exports won’t be taxed at all.  We will finally be ready to compete in the world.  America will stop destroying and shipping out manufacturing and the orphaned investments kept offshore by our highest in the world corporate income tax will flow back and forth into our economy.  The worst case estimates of growth are 5 to 7%.  Other estimates are as high as 14% growth.  We currently average around 3% and in the last few years struggle to reach 2% growth.  The difference between 2% growth and 6% growth is an economy doubling every 32 years or one doubling every 12 years.  That is huge. …”

http://www.delawarepolitics.net/why-is-the-fair-tax-so-controversial/

Tom Wright on the FairTax part 1

 

Tom Wright on the FairTax part 2

 

Tom Wright on the FairTax part 3

 

Tom Wright on the FairTax part 4

 

Tom Wright on the FairTax part 5

 

Tom Wright on the FairTax part 6

 

Tom Wright on the FairTax part 7

 

Why is the FairTax better than other tax reform efforts?

 

Does the FairTax repeal the federal income tax?

 

How does the FairTax affect the economy?

 

Is the FairTax truly progressive?

 

How does the “prebate” work?

 

Is it fair for rich people to get the same prebate as poor people?

 

Do corporations get a windfall break from the FairTax?

 

How do we keep exemptions and exclusions from undermining the FairTax?

 

Wouldn’t it be more fair to exempt food and medicine from the FairTax?

 

How does the FairTax rate compare to today’s?

 

Is the FairTax rate really 23%?

 

How is the FairTax different from a Value Added Tax (VAT)?

 

Will the prebate create a massive new entitlement system?

 

How does the FairTax impact the middle class?

 

How will the FairTax impact seniors?

 

How does the FairTax affect tax preparers and CPAs?

 

How does the FairTax impact charitable giving?

 

 

How does the FairTax affect compliance costs?

 

Will the FairTax hurt home ownership with no mortgage interest deduction?

 

Will the FairTax hurt home ownership with no mortgage interest deduction?

 

How will the FairTax help people who don’t hire an accountant?

 

How will the FairTax impact people who don’t file income taxes?

 

Will the FairTax drive the economy down if people stop buying?

 

How will the FairTax affect state sales tax systems?

 

Are any significant economies funded by a sales tax?

 

Is education taxed under the FairTax?

 

Will government pay taxes under the FairTax?

 

Will the FairTax impact tax deferred retirement accounts like 401(k)s?

 

What will happen to cities who depend on tax free bonds?

How does the FairTax impact tax free bonds?

 

How will Social Security payments be calculated under the FairTax?

 

What will happen to government programs like Social Security and Medicare?

 

How can you tax life saving medical treatment?

 

Will bartering present a compliance problem under the FairTax?

 

How will used goods be taxed?

 

Can’t Americans just cross the border to avoid the FairTax

 

How does the FairTax affect illegal immigration?

 

Isn’t it a stretch to say the IRS will go away?

 

What will the transition be like from the income tax to the FairTax?

 

FairTax Show – Part 1

 

FairTax Show – Part 2

 

Ron Paul on Taxes

 

Policy Resources

The following organizations provide policy analysis on taxation and related issues:

Tax Policy Organizations:

Small Business Policy Organizations:

General Public Policy Research Organizations:

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

 

 

 

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Paul Craig Roberts–Peak Jobs–Videos

Posted on September 3, 2010. Filed under: Blogroll, College, Communications, Demographics, Economics, Education, Federal Government, Fiscal Policy, government, government spending, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Reviews, Talk Radio, Video, Wisdom | Tags: , , , , |

Press TV-On the edge with Max Keiser-Max Keiser talking to Paul Craig Roberts-07-16-2010(Part1)

Press TV-On the edge with Max Keiser-Max Keiser talking to Paul Craig Roberts-07-16-2010(Part2)

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Drillgate–Crime Inc. aka Barack Obama and The Progressive Radical Socialist Gang Shakedown The American People–Shakedown–Breakdown–Takedown–You’re Busted!

Posted on June 21, 2010. Filed under: Blogroll, Climate, Communications, Crime, Cult, Demographics, Economics, Employment, Federal Government, Fiscal Policy, Foreign Policy, government spending, history, Investments, Law, liberty, Life, Links, media, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

CHANGE” is Killing this Country…

Flashback: Obama Loans 2 Billion To Petrobras/Soros For Offshore Exploration In Brazil

 

Glenn Beck Obama loans 2 billion to brasil co.

What is George Soros Investing In? – Bloomberg

Glenn Beck-06/21/10-A

Glenn Beck-06/21/10-B

Glenn Beck-06/21/10-C

Glenn Beck-06/21/10-D

Drilling Moratorium May Imperil Louisiana’s Oil Industry

The Impact of a Drilling Moratorium

 

Obama – Oil Moratorium No Less Than Treason

As Oil Spills, Obama Touts Alternative Energy

Glenn Beck – The American Power Act (Cap n Trade) CRIME INC.

Glenn Beck – CRIME INC The Second Chapter

HardTalk on Brazil Petrobras Development 1 of 3 – BBC Interview

HardTalk on Brazil Petrobras Development 2 of 3 – BBC Interview

HardTalk on Brazil Petrobras Development 3 of 3 – BBC Interview

President Obama’s response to the oil spill is to again push for an energy tax that would increase the cost of electricity, heating oil and gasoline to the American people as well as the cost of all goods and services that need electricity, heating oil and gasoline for their manufacture and distribution.

The cap and trade energy tax under a new name would destroy more jobs, wreck the U.S. economy and kill the American dream.

President Obama and the progressive radical socialists in Congress and the Senate are attempting to shakedown the American people with a new energy tax that impacts all Americans.

While this is being proposed, Obama is rewarding the financial contributions and support of George Soros and his friends and allies.

Beck breakdowns the crime and corruption of Crime Inc., the Racketeer Influenced and Corrupt Organization of the progressive radical socialist Democratic Party led by President Barack Obama.

The actions of Obama and his corrupt cronies are bordering on an impeachable offense for high crimes.

Assuming the Republicans take the House of Representatives in November, Congressional hearings and a special procecutor appear completely warranted.

Both the timing of the Soros investment in Petrobras and the Export-Import Bank loans to the company together with the six-month moratorium on deep-water drilling needs to be throughly investigated.

Obama past political assistance to real estate investor and developer, Tony Rezko, looks strikingly similiar to his political assistance to hedge fund investor George Soros.

Obama and Rezko

 

Obama’s Rezko real estate deal

OBAMANOMICS explained


Time to takedown and bust these crooks.

Vote the criminals out of office in November and then impeach and convict President Obama for crimes against the American people.

BOB SEGER – SHAKEDOWN

 

Background Articles and Videos

President Obama s Pledge Never to Raise Taxes on Anyone Making Less Than 250 000 a Year

Obama Cap And Trade My Plan Makes Electricity Rates Skyrocket

Cap & Trade Bill Cannibalism Against Capitalism

 

Cap and Trade Biggest Tax Increase since World War II

CarbonGate: Rep. Barton attacks Cap & Trade, hidden costs on American people

Inhofe Explains the High Cost of Cap and Trade on Fox News

President Obama’s Oval Office Address on BP Oil Spill & Energy

President Obama Opens Atlantic Coastal Waters to Offshore Drilling

Barack Obama on Offshore Oil Drilling

Obama Lifts Ban on Offshore Drilling

Petrobras’ Gabrielli Sees More Long-Term Output, Hiring

Pr. Obama Export Initiative (1 of 3) for Growth of Jobs, Economy, Business

Pr. Obama Export Initiative (2 of 3) for Growth of Jobs, Economy, Business

Pr. Obama Export Initiative (3 of 3) for Growth of Jobs, Economy, Business

The Right Reasons

“…Within 48 hours after President Obama issued the six-month moratorium on deep-water drilling, the George Soros-backed Brazilian oil company, Petrobras, contacted a large New Orleans company, Laborde Marine, which services the deep-water drilling market. The company was seeking to lease all its vessels. “If the moratorium on deep-water drilling is not lifted, 33 semi-submersible rigs and/or drill ships affected will simply go to other countries where they will be well received, such as Brazil,” Cliffe F. Laborde and J. Peter Laborde, Jr. wrote in a June 4 letter to their Louisiana Senators.

Could this be merely a happy coincidence for George Soros, the major financial backer of Obama’s presidential campaign who also has $811 million invested in the Brazilian oil company, Petrobras? Wasn’t it enough of a payback to Soros when the Obama Administration loaned up to $10 billion to Petrobras? Soros, with his far left-wing organization, MoveOn, is called the Godfather of world socialism. But most relevant currently is that he has been an enthusiastic proponent of global warming and environmental liberalism. He has urged adoption of a global carbon tax. Could it be more than coincidence that his position is strikingly similar to what Obama called for in his June 14 Oval Office speech on the Gulf oil spill and future energy actions? …”

http://www.therightreasons.net/index.php?/topic/21934-george-soross-oil-spill-payoff/

Soros reports 73.5% increase in Petrobras stake

By Tony Cooke

“…Billionaire investor George Soros on Tuesday reported that during the fourth quarter he increased his already considerable stakes in Brazilian state-controlled oil company Petroleo Brasileiro S.A. /quotes/comstock/13*!pbr/quotes/nls/pbr (PBR 37.99, -0.68, -1.75%) and Potash Corp. of Saskatchewan Inc. /quotes/comstock/13*!pot/quotes/nls/pot (POT 98.50, -0.09, -0.09%) .

Soros, through his Soros Fund Management LLC, reported holding 36.8 million American depositary receipts of the Brazilian oil company known as Petrobras as of Dec. 31 – a holding valued at about $900 million at the time. Soros held 21.2 million ADRs at Sept. 30, according to his disclosure filed with the Securities and Exchange Commission.

Soros also reported holding $434 million in Potash shares as of Dec. 31 – a total of about 5.9 million shares. He reported holding 3.3 million Potash shares as of Sept. 30.

Petrobras and Potash were the two largest stakes reported by the Soros fund as of Dec. 30. …”

http://www.marketwatch.com/story/soros-reports-735-increase-petrobras-stake

OFF-SHORE OIL-DRILLING, OBAMA, SOROS, PETROBRAS: CONNECTING THE DOTS

“…The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas. …”

http://www.godlikeproductions.com/forum1/message1101837/pg1

Petrobras May Borrow $5 Billion From U.S. Ex-Im Bank (Update2)

“…July 30 (Bloomberg) — Petroleo Brasileiro SA said it may more than double its borrowings from the U.S. Export-Import Bank to as much as $5 billion, following a $10 billion loan from China.

Petrobras, as the state-controlled oil company is known, may increase the loans from $2 billion now, Chief Financial Officer Almir Barbassa said today at a press conference in Rio de Janeiro. The initial loan made in April was an “opening amount,” Fred Hochberg, president of the U.S. bank, said earlier today in an interview in Rio.

“The Export-Import Bank met yesterday with Petrobras, and it offered more resources to the company,” Brazilian Energy Minister Edison Lobao said at the press conference.

Investment in Brazil’s oil industry is expected to surge to more than $200 billion over the next five years, buoyed by spending on the Americas’ largest oil find since 1976. Petrobras in February secured $10 billion in financing from the China Development Bank Corp.

China replaced the U.S. as Brazil’s biggest trading partner this year, after the global recession choked sales to the U.S. The Chinese bank, which plans to open an office in Rio de Janeiro next year, has also agreed to lend $800 million to Brazil’s state development bank, known as BNDES.

The U.S. and Chinese loans will help Petrobras pay for part of its $174 billion, five-year investment plan to expand output. …”

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aogq9sBiBhYo

Shakedown

“Shakedown” is a 1987 single by Bob Seger that is from the soundtrack of the film Beverly Hills Cop II. The music was written by Harold Faltermeyer, who wrote the score for the film, and Keith Forsey, and the lyrics by Seger.

The music video featured scenes from the film intercut with Seger and the band performing it, with some members approaching glam metal moves. “Shakedown” became a number-one hit on the Billboard Hot 100, Seger’s only such top mark singles-wise, as well as the Album Rock Tracks chart, where it became his second number-one hit, spending four weeks at the top.

Cover versions by an uncredited artist appeared in two episodes of the animated series Captain N: The Game Master. However, due to legal issues, these songs have been edited out of the DVD releases of the show. …”
http://en.wikipedia.org/wiki/Shakedown_(Bob_Seger_song)

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Maurice Strong–Videos

Glenn Beck–The Obama Con and Crimes Continue–American Citizen Tax Money Bailing Out Greece–Time To Throw The Progressive Radical Socialist Democrats Out Of Office!

The Coming Massive Failure of Progressive/Liberal Democrat State and Local Government Debt Obligations–No Federal Bailouts By American Taxpayers!

Voters Beware: The Radical Rules of Saul Alinsky and Leftist Democrats

Glenn Beck On Crime Inc., The Crime of The Century, and Crushing Capitalism and Consumer Sovereignty!–

Glenn Beck On The Rule of Law Or The Rule of Few By Racketeer Influenced and Corrupt Organizations

Glenn Beck Exposes The Crime of The Century By The Progressive Radical Socialist Democratic Party–The Global Warming Investment Fraud, Political Scam and Science Scandal–Extorting and Robbing The American People–Racketeer Influenced and Corrupt Organizations (RICO) Case!

These Boots Are Meant To Walk All Over You–Obama and Progressive Radical Socialist Salazar and Gibbs On Federal Government Boot On The Neck/Throat of British Petroleum/BP and American People!

What Kind of Socialist Is Barack Obama? Progressive Radical Socialist–Not Neo-Socialist–With Narcissistic Personality Disorder!

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!

Fox News Scares Narcissist Obama–Mirror Mirror Mirror On The Wall Who Is The Fairest Of Them All–Sarah Palin–Obama Attacks Mirror!

Fox’s Glenn Beck Installs Hotline to Narcissist Obama–Beck Continues To Be Obama’s Narcissistic Supplier!

Glenn Beck’s Documentary On The Collectivists: Marxists, Socialists, Progressives, Communists, Fascists, National Socialists–Progressive Radical Socialists of The Democratic and Republican Parties!

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The Cloward-Piven Strategy Of The Progressive Radical Socialists: Wrecking The U.S. Economy By Massive Government Dependence, Spending, Deficits, Debts, Taxes And Regulations!

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President Obama’s Cloward-Piven Strategy of Controlled Crisis Creation Crippling Capitalism–Coup D-Etat On America

George Soros

George Soros: Government Interventionist and Global Socialist–Obama’s Puppeter Master–Videos

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Cap and Trade

Glenn Beck Exposes The Crime of The Century By The Progressive Radical Socialist Democratic Party–The Global Warming Investment Fraud, Political Scam and Science Scandal–Extorting and Robbing The American People–Racketeer Influenced and Corrupt Organizations (RICO) Case!

Jeffrey Miron–Obamaomics–Videos

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Richard Lindzen, Roy Spencer, and Fred Singer On The Climate and Global Warming Alarmists and Junk Science Computer Models –Videos

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Climategate–A Political Scam, Investment Fraud, and Science Scandal of The Century Exposed–The Progressive Radical Socialist’s Big Lie And Con That Man Is The Cause Of Global Warming Was In Fact Nothing More Than Politicians, Investment Bankers, and Government Scientists Creating Climate Crisis!–

Glenn Beck, John Bolton, and Lord Christopher Monckton On Copenhagen 2009 Treaty, Climate Change and World Government–Videos

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Time To Sound The Alarm: Call Your Representative and Senators–Cap and Trade Bill to be Voted in U.S. House on Friday–Kill The Cap and Trade Energy Tax Today! UPDATED

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White House Memo: Carbon Dioxide Is Not A Pollutant and A Cap And Trade Program (Carbon Dioxide Tax) Serious Economic Impact –The Smoking Gun Video!

Save Your Job and Life–Abolish The Environmental Protection Agency!

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Mark Levin–Liberty and Tyranny: A Conservative Manifesto–Videos

Jeffrey Miron–Obamaomics–Videos

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Frederic Bastiat–The Law–Videos

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Richard Ebeling–America’s New Road to Serfdom and the Continuing Relevance of Austrian Economics –Videos

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David Gordon–Five Best Books on the Current Crisis–Video

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Llewellyn H. Rockwell, Jr–How Empires Bamboozle the Bourgeoisie–Videos

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Peter Schiff–Videos

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

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L. William Seidman on The Economic Crisis: Causes and Cures–Videos

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Julian Simon–Videos

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Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

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Peter Thiel–Videos

Thomas E. Woods, Jr.–Videos

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Thomas E. Woods–The Market Economy–Videos

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Jeffrey Miron–Obamaomics–Videos

Posted on April 13, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Law, liberty, Life, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves | Tags: , , , , , , , |

“… Jeffrey A. Miron is a Senior Fellow at the Cato Institute and the Director of Undergraduate Studies in the Department of Economics at Harvard University. His area of expertise is the economics of libertarianism, with particular emphasis on the economics of illegal drugs. Miron has served on the faculty at the University of Michigan and as a visiting professor at the Sloan School of Management, M.I.T. and the Department of Economics, Harvard University. From 1992-1998, he was chairman of the Department of Economics at Boston University. He is the author of Drug War Crimes: The Consequences of Prohibition and The Economics of Seasonal Cycles, in addition to numerous opeds and journal articles. He has been the recipient of an Olin Fellowship from the National Bureau of Economic Research, an Earhart Foundation Fellowship, and a Sloan Foundation Faculty Research Fellowship. Miron received a B.A., magna cum laude, from Swarthmore College in 1979 and a Ph.D. in economics from M.I.T. in 1984. …”

Obamanomics – Pt 1 – Jeffrey Miron – Show-Me Institute

Obamanomics – Pt 2 – Jeffrey Miron – Show-Me Institute

Obamanomics – Pt 3 – Jeffrey Miron – Show-Me Institute

Obamanomics – Pt 4 – Jeffrey Miron – Show-Me Institute

Obamanomics – Pt 5 – Jeffrey Miron – Show-Me Institute

Background articles and Videos

OBAMANOMICS EXPLAINED: Spreading the Wealth

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Obama’s Progressive Radical Socialist Transformation of America–Government Dependence To Command and Control The American People

Posted on January 11, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Employment, Energy, Fiscal Policy, Foreign Policy, government spending, Health Care, Immigration, Investments, Law, liberty, Life, Links, People, Philosophy, Politics, Rants, Raves, Regulations, Video, Wisdom | Tags: , , , , , , , |

 

 Glenn Beck Show – January 11, 2010 part 1 of 7

 

Glenn Beck Show – January 11, 2010 – Pt 2 of 7

Glenn Beck Show – January 11, 2010 – Pt 3 of 7

Glenn Beck Show – January 11, 2010 – Pt 4 of 7

Glenn Beck Show – January 11, 2010 – Pt 5 of 7

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Glenn Beck Show – January 11, 2010 – Pt 7 of 7

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President Obama and The Progressive Radical Socialist Democrats Focus On Redistributing/Stealing Wealth Not Creating Wealth or Jobs!–Where are the Jobs? Where’s the Fence?

Posted on October 27, 2009. Filed under: Blogroll, Climate, Communications, Economics, Employment, Fiscal Policy, government spending, Investments, Law, liberty, Life, Links, People, Philosophy, Politics, Psychology, Quotations, Rants, Raves, Resources, Reviews, Taxes, Technology, Video | Tags: , , , , , , , |

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Where’s The Fence?

 

The American people are asking, “Where are the jobs?, Where is the fence?”

The political elites of both political parties are facing a second American revolution by the American people.

The American people will target for defeat in 2010, 2012, and 2014 elections politicians that arrogantly ignore the demand for policies and programs that actually create new job and stop illegal immigration into the United States.

The progressive radical socialists Democratic Party led by President Obama with their bailouts, stimulus bills, massive deficit spending and political payoffs to Wall Street banks, unions and lawyers are wrecking the American economy, destroying  jobs and killing the American dream.

The American people know who you are, where you live and work and are coming after you.

We will not shut up.

We will not go away.

We will stand up.

We will broom budget busting bums.

barney_frank

Background Articles and Videos

Silence: Another Week Without a Small Business Job Creation Plan from Washington Democrats
With American Families Asking “Where Are The Jobs,” Republicans Push for “Bipartisan Jobs Plan” to Help Small Businesses, Democrats Schedule a Meeting

“….With American workers and their families continuing to ask “where are the jobs,” another week has gone by without a small business job creation plan from Democrats in Washington. While they dither, House Republicans have proposed a “bipartisan jobs plan” to help small businesses, assembled a “kitchen cabinet” of economic experts, and convened a working group of lawmakers to review additional job creation proposals. After months of near-record unemployment rates, Democrats, on the other hand, have scheduled a meeting next week to “find a way” to address the jobs crisis. All indications point to Democrats doubling down on their disastrous economic record and proposing a second ‘stimulus’ to complement their costly, job-killing agenda. This means more spending and borrowing at a time when the Obama Administration’s budget already includes trillion-dollar deficits as far as the eye can see. The American people are looking for more than more of the same. …”

http://republicanleader.house.gov/news/DocumentSingle.aspx?DocumentID=150225

Small business job creation: the findings and their critics

1. Small businesses create a vastly disproportionate share of the net new jobs in the United States. The precise share is difficult to construct for a variety of reasons, some of which are noted below. However, it is reasonable to estimate that over the past twenty-five years two-thirds of the net new jobs in the private sector originated among small firms that account for about half of total private employment.(3)

The smallest size class (1-19 employees) produces the most net new jobs relative to its share of total employment. In fact, the smallest size class is the only size class that has produced more net jobs relative to its employment share. Kirchhoff, using a somewhat different approach, calculated that small, single-establishment firms formed in just 1977-78 and their growth over the next six years created 21 percent of all net jobs produced between 1977 and 1984.(4)

3. The share of net jobs created by small (and large) businesses change from measuring period to measuring period. This variation appears closely tied to the business cycle. Larger firms expand their share of net new employment toward the end of expansions. Small businesses provide a relatively stable supply throughout. Thus, variation in shares is primarily due to variations in large firm employment practices.

4. Jobs created from small business births are about two to three times as plentiful as the number created from small business expansions.(5) This proportion seems to vary with the business cycle. Similarly, jobs lost in small businesses are primarily a function of business deaths rather than of business contractions.

5. Small business jobs tend to be created by two types of firms. Birch refers to them as the “mice” and the “gazelles.” The mice are the new, small entries. The gazelles are a comparatively few rapidly growing firms that are responsible for the bulk of small business jobs created through expansions. Birch estimates that 5 percent of small firms account for three of four new jobs created through expansion and 10 percent account for almost nine of ten.(6) Curiously, the gazelles appear in virtually every industry, not just in the growing ones. …”

http://findarticles.com/p/articles/mi_m1094/is_n3_v29/ai_16124708/

Past clues to the present jobless recovery

By James A. Cooke

“…Why is this nation headed towards a jobless recovery? Simple. It’s because our economy is undergoing a structural change that will make it more difficult for unemployed Americans to find work.

This is not the first time in our history an economic transformation has impacted the way Americans earn their livelihood. Our current economic downturn resembles the Long Depression of the 1880s, when the U.S. economy switched from farming to a manufacturing. 
Although the start dates for downturns are marked by the bursting of an inflated asset bubble, other factors come together to drag down the economy.  Our current economic affliction started last October, when an inflated real estate market collapsed, triggering a crash on Wall Street. Likewise, the 1873 recession started with the downfall of financier Jay Cooke, who had overinvested in railroads. The downturn that began in October 1873 lasted until March 1879, making it the longest economic contraction in our nation’s history. Economist Stanley Lebergott in his book “Manpower in Economic Growth” estimates that unemployment ranged between 12-14 percent in 1876, at the nadir of that downturn. …”
“…If the parallels with the Long Depression are correct, then the ranks of jobseekers will remain stubbornly high for several years during this period of adjustment. The challenge for federal and state governments will be spurring the creation of decent-paying jobs, which are as of yet unspecified. It should be noted that the federal government didn’t solve the economic crisis of the late 1800s and despite its best efforts the government may not be capable of a solution nowadays. What’s required here are innovation and Yankee ingenuity, and the ability for individuals to see new market demands for products and services.”
 

Dismantling America
by Thomas Sowell

“…Why should we assume that Barack Obama didn’t know what such people were like, when he has been associating with precisely these kinds of people for decades before he reached the White House?Nothing is more consistent with his lifelong patterns than putting such people in government– people who reject American values, resent Americans in general and successful Americans in particular, as well as resenting America’s influence in the world.

Any miscalculation on his part would be in not thinking that others would discover what these stealth appointees were like. Had it not been for the Fox News Channel, these stealth appointees might have remained unexposed for what they are. Fox News is now high on the administration’s enemies list.

Nothing so epitomizes President Obama’s own contempt for American values and traditions like trying to ram two bills through Congress in his first year– each bill more than a thousand pages long– too fast for either of them to be read, much less discussed. That he succeeded only the first time says that some people are starting to wake up. Whether enough people will wake up in time to keep America from being dismantled, piece by piece, is another question– and the biggest question for this generation.”

http://townhall.com/columnists/ThomasSowell/2009/10/27/dismantling_america?page=full&comments=true

 

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Global Warming Videos

Global Warming Books

Global Warming Sites 

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President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You!

Posted on May 19, 2009. Filed under: Blogroll, Communications, Economics, Energy, Links, People, Politics, Quotations, Rants, Raves, Regulations, Resources, Talk Radio, Taxes, Technology, Video | Tags: , , , , , , , , , , , , , |

“Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small elite.”

~Ludwig von Mises, The Ant-capitalistic Mentality, p. 49.

“That democratic socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for its produces something so utterly different that few of those who now wish it would be prepared to accept the consequences, many will not believe until the connection has been bare in all its aspects.”

~Friedrich A. Hayek, The Road to Serfdom, page 34.

UPDATE

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 Revolution

world_GDP

Share of GDP: China, India, Japan, Latin America, Western Europe, United States

world_GDP

Share of Population Growth: China, India, Africa, Latin America, Western Europe, United States

world_population

The growth and success of the American economy in creating wealth and employment is  largely due to market capitalism and the American work ethic.

Electricity, autos, trucks, airplanes, jets,  telephones, computers, radios, air conditioners, refrigerators, television,   movies, medical drugs, devices and cures and treatments were all due to individuals creating wealth in the private sector and not by government initiatives, regulations or interventions.

For 2008 the estimated Gross Domestic Product of the United States was $14,264,600,000,000 or 14.264 trillion dollars.

For 2008 the estimated Gross Domestic Product of the World was $69,490,000,000,000 or 69.49 trillion dollars.

https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html

For 2008 the United States produced approximately 20.5% of the world’s gross domestic product.

Bureau of Economic Analysis, National Accounts

http://www.bea.gov/national/index.htm#gdp

The United States’ population is about 306 million and the world’s population is about 6,781 million.

The United States’ population is just over 4.51% of the world’s population.

With  less than 5% of the world population and using roughly 25% of the world’s oil, the United States economy creates over 20% of the world’s production, output or wealth.

U.S. Population Clock

http://www.census.gov/population/www/popclockus.html

World Population Clock

http://www.census.gov/ipc/www/popclockworld.html

The growth and success of the United States of America is manifestly not due to government intervention into the economy by radical socialist lawyers and social engineers that have never run a business, met a payroll or understand how wealth is created and markets work.

President Obama is trying to destroy market capitalism by creating economic crisises and insisting that government intervention is needed to solve the crisises.

The bailout of failing businesses is not the function of the Federal government nor are such bailouts constitutional.

Glenn Beck – U.S. Obligated Debt Exceeds World GDP $78.8 Trillion

President Obama and the Democratic Party are using either taxpayer money, deficit debt financing and/or the printing of money by debt monetization to finance the bailout of  businesses, unions, and governments.

President Obama and the Democratic Party are using the Federal government to steal money and wealth  from the American people  and giving it to their political friends and partners in crime.  Just like the National Socialist did it Germany with the jews and the Communists in the Soviet Union and China did with business and property owners.

How the liberals destroyed America 1

How the liberals destroyed America 2

Meanwhile, Communist China is turning slowly away from communist socialism and surprise embracing market capitalism for its economy:

China embracing capitalism

President Obama and the Democratic Party are paying off  private entities such as banks, businesses and unions that made significant campaign contributions to elect President Obama and other Democratic Party politicians.

President Obama is shaking down and extorting from the American people money to payoff those who got him into power including the executives at the failing Wall Street firms and banks and the unions including the UAW, SEIU and NEA.

President Obama strategy is to create a crisis then assert that the only solution is another Federal government program, regulation, standard, tax or subsidy. This is not change. It more government interference and meddling into job wealth creation.

President Obama still does not understand that the vast majority of new jobs  in the economy are created by small to medium size businesses started by entrepreneurs and where the business is usually less than five years old. Governments are not job and wealth creators but are largely wealth redistributors at best and job and wealth destroyers at worse.

Today with much fanfare and more and bigger lies, President Obama announced  a proposed new CAFE standards.

Obama’s Energy Czar on new Tailpipe Emissions Standard

Obama Pushes Stronger Fuel-efficiency Standard

For the United States to become energy independent, the Federal government needs to get out of the way and stop micromanaging the economy by picking winners and losers in business and technologies.

The private sector should be unleashed from government regulations to explore and produce oil and national gas for the economy’s transportation, heating and electricity needs.

More coal and nuclear plants need to be built to meet the nation’s rising demand for electricity.

Currently about 50% of electricity in the United States is produced coal powered plants and another 20%  is produced by 105 nuclear powered plants.

Since it takes about 8 to 10 years to design and build a new nuclear plant, for now any new power plants will need to be powered by coal or natural gas.

One alternative is to follow the example of France and produce about 80% of future electricity needs of the United States from nuclear power plants.

This would require the building of about 400 nuclear plants over a forty-year period or about ten per year beginning in 2010 and ending in 2050.

Over these forty years both cars and trucks could gradually transition to an all electrical powered vehicles as scientific breakthroughs are made in batteries and other technologies.

Alternative energy from wind turbines and solar power simply cannot compete in terms of price with coal, nuclear power and natural gas. A manufacturing sector cannot compete globally if it cannot get inexpensive power from coal and nuclear plants.

Both China and India are building a large number of  both coal and nuclear powered plants to produce electricity to expand their manufacturing base.

The United States should be following their example given our massive supply of coal and understanding of the science and technology of nuclear power.

If a cap-and-trade carbon dioxide emissions tax were enacted, more and more manufacturers will flee the United States to where both energy and labor are much cheaper.

The cap-and-trade carbon dioxide emissions tax will mean the loss of millions of jobs and significantly higher energy prices for all Americans.

Peter Huber who understands and writes books about energy and the environment tells it like it is, pay attention to this man, he knows what he is talking about:

(4 of 14) MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE: PETER HUBER

Capping Carbon Emissions Is Bad, No Matter How You Slice the Revenue

by Nicolas Loris and Ben Lieberman

“…The problem with these efforts is that they do not resolve the central problem that will continue to plague attempts to cap CO2: All carbon capping plans are costly energy taxes in disguise that will raise energy prices and unemployment with little environmental benefit.

Cap and Trade

Under a cap-and-trade program, each power plant, factory, refinery, and other regulated entity will be allocated allowances (rights) to emit six greenhouse gases. However, only a certain percentage of the allowances will be allocated to these entities. The remaining percentage will be auctioned off or distributed to other emitting entities. Emitters who reduce their emissions below their annual allotment can sell their excess allowances to those who do not. Over time, the cap would be ratcheted down, requiring greater cuts in emissions and more harm to the economy.

There are plenty of reasons why a cap-and-trade program is a bad idea, including lack of transparency and potential for fraud and abuse. But above all it is an economic burden and jobs killer. …”

http://www.heritage.org/Research/EnergyandEnvironment/wm2443.cfm

The Heritage Foundation’s analysis concludes:

“…The result is government-set caps on energy use that damage the economy and hobble growth–the very growth that supports investment and innovation. Analysis of the economic impact of Waxman-Markey projects that by 2035 the bill will:

Reduce aggregate gross domestic product (GDP) by $7.4 trillion,

  • Destroy 844,000 jobs on average, with peak years seeing unemployment rise by over 1,900,000 jobs,
  • Raise electricity rates 90 percent after adjusting for inflation,
  • Raise inflation-adjusted gasoline prices by 74 percent,
  • Raise residential natural gas prices by 55 percent,
  • Raise an average family’s annual energy bill by $1,500, and
  • Increase inflation-adjusted federal debt by 29 percent, or $33,400 additional federal debt per person, again after adjusting for inflation.  …”

http://www.heritage.org/Research/EnergyandEnvironment/wm2438.cfm

The Economic Impact of Waxman–Markey

By William W. Beach, David Kreutzer, Ph.D., Karen Campbell, Ph.D. and Ben Lieberman

Yet President Obama and his Energy Czar persist in misleading and lying to the American people about greenhouse gas being pollutants and man is causing climate change by emitting carbon dioxide from their cars they drive and from the electricity they use from coal and natural gas powered plants.

CO2 is a trace gas.

Climate Change – Water Vapor

The most important greenhouse gas by far is water vapor which again is not a pollutant. Nor for that matter is carbon dioxide.

The climate has been warming primarily due to natural causes over the last 150 years.

This is turn is usually followed by rising levels of carbon dioxide and water vapor in the atmosphere.

Carbon dioxide emissions do not cause the temperature to rise, it is just the opposite.

Greenhouse Gases

Professor Fred Singer on Climate Change pt 1

Professor Fred Singer on Climate Change pt 2

The imposition of higher CAFE standards for the purpose of lowering carbon dioxide emissions in turn to lower temperature of the planet is to put it bluntly crazy.

The American people are not buying this radical socialist silliness and stupidity.

These CAFE standards will result in significantly higher car prices to recoup the cost of retooling and redesigning cars that are smaller, lighter and yes more dangerous to your life and limbs.

The American people should decide what type of cars or trucks they want to drive and not government bureaucrats and lawyers.

In the United States the American people are free to choose to buy the products and services they need and want.

They do not want any help from busy-body nanny radical socialists and government bureaucrats.

The American people are adults and will buy what they want and can afford not what an unqualified and inexperience President wants us to buy to payoff his political friends and backers.

Consumer sovereignty rules in America and not government Energy Czars or commissars telling the American people what types of cars they should buy.

It is simply none of the government’s business nor for that matter is it constitutional for the Federal government to dictate how many miles a vehicle get.

Higher CAFE standards mean lighter and smaller cars that would result in higher deaths and injuries when they collide with heavy and larger trucks and older and bigger cars on the roads and highways of America.

This in turn would mean higher medical bills for doctor and hospital care resulting from accidents where you are driving a Obama lightweight car and hit and crushed by a large and heavy truck.

The American political elites are killing tens of thousands of Americans each year with their mandated CAFE standards. President Obama first kills babies with his radical pro abortion position and policies, then kills you and your family as you drive your small car, and when you are old will kill you by rationing health care if his proposed universal health care plan is enacted. If you value your life you must act to stop this radical socialist killer of the American dream and market capitalism.

Boycott the purchase of any good or service from companies that were bailed out by the Federal government–that includes banks, insurance companies, auto companies, unions and governments.

Greenhouse gases such as water vapor and carbon dioxide are not pollutants no matter how many times President Obama and his Energy Czar say greenhouse gases are pollutants. They are misleading you to confuse you.

Climate change is unstoppable and is naturally caused.

Any politicians that believes man is the primary cause of climate change is a fool or fanatic.

Vote out of office any politician of either political party that votes for the new cap-and-trade carbon dioxide tax based on the junk science of computer climate models.

The radical socialists are planning to use the hidden cap-and-trade carbon dioxide emissions tax to finance massive government intervention into the US economy and to fund their crimes against the American people.

The radical socialists elites could care less about the American people and their needs, wants, preferences and liberty.

The radical socialist are screwing the American people by raising the costs of all energy consumed including electricity, heating oil, and gasoline for transportation as well as increasing the prices of new smaller and lighter cars.  Cars that most Americans do not want to buy nor want to pay higher prices for.

Government control and intervention into the economy leads slowly and surely to government tyranny.

President Obama is an economic illiterate who is wrecking the economy and destroying jobs.

He is also a radical socialist who routinely tells bold face lies.

He should not be trusted nor believed.

The American Dream, market capitalism and your life are in danger.

UPDATED

You are invited to attend a Tea Party on August 28, 2010 in Washington D.C. at the Lincoln Memorial!

Join the Second American Revolution

we_the_people

The Meaning of Independence Day

Ayn Rand Center for Individual Rights

Please Spread The Message of Liberty

liberty_bell1

Proclaim liberty throughout the land to all its inhabitants.”

Let Freedom Ring

An Inspirational Video 1 – The Law Of Attraction

“Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower, in short what men should believe and strive for.

~Friedrich A. Hayek, The Road to Serfdom

“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individual’s life and the unrestricted supremacy of the government in its capacity as central board of production management.”

~Ludwig von Mises, Bureaucracy, p. 10.

Background Articles and Videos

Gross Domestic Product

The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy’s economic performance, is the market value of all final goods and services produced within the borders of a nation in a year. [1] GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).[2] [3]

The most common approach to measuring and quantifying GDP is the expenditure method:

GDP = consumption + gross investment + government spending + (exports − imports), or,
GDP = C + I + G + (X − M).

“Gross” means that depreciation of capital stock is not subtracted out of GDP. If net investment (which is gross investment minus depreciation) is substituted for gross investment in the equation above, then the formula for net domestic product is obtained. Consumption and investment in this equation are expenditure on final goods and services. The exports-minus-imports part of the equation (often called net exports) adjusts this by subtracting the part of this expenditure not produced domestically (the imports), and adding back in domestic area (the exports).

Economists (since Keynes) have preferred to split the general consumption term into two parts; private consumption, and public sector (or government) spending. Two advantages of dividing total consumption this way in theoretical macroeconomics are:

  • Private consumption is a central concern of welfare economics. The private investment and trade portions of the economy are ultimately directed (in mainstream economic models) to increases in long-term private consumption.
  • If separated from endogenous private consumption, government consumption can be treated as exogenous,[citation needed] so that different government spending levels can be considered within a meaningful macroeconomic framework.

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

Consumer sovereignty

“…Consumer sovereignty is a term which is used in economics to refer to the rule or sovereignty of purchasers in markets as to production of goods. It is the power of consumers to decide what gets produced. People use the this term to describe the consumer as the “king,” or ruler, of the market, the one who determines what products will be produced. [1] Also, this term denotes the way in which a consumer ideologically choices to buy a good or service. Furthermore,the term can be used as either a norm (as to what consumers should be permitted) or a description (as to what consumers are permitted).

In unrestricted markets, those with income or wealth are able to use their purchasing power to motivate producers as what to produce (and how much). Customers do not necessarily have to buy and, if dissatisfied, can take their business elsewhere, while the profit-seeking sellers find that they can make the greatest profit by trying to provide the best possible products for the price (or the lowest possible price for a given product). In the language of cliché, “The one with the gold makes the rules.”

To most neoclassical economists, complete consumer sovereignty is an ideal rather than a reality because of the existence — or even the ubiquity — of market failure. Some economists of the Chicago school and the Austrian school see consumer sovereignty as a reality in a free market economy without interference from government or other non-market institutions, or anti-market institutions such as monopolies or cartels. That is, alleged market failures are seen as being a result of non-market forces. However, it has also been argued (e.g., by Goutam U. Jois) that even a “pure” market system violates the consumer sovereignty norm. …”

Greenhouse gas

http://www.eoearth.org/article/Greenhouse_gas

The Global Warming Report

Global Warming: How Hot Air and Bad Science Will Give You Staggeringly Higher Taxes and Prices.

Roy Spencer at the climate change contrarian conference

Dr Roy Spencer on Global Warming Part 1 of 6

Dr Roy Spencer on Global Warming Part 2 of 6

Dr Roy Spencer on Global Warming Part 3 of 6

Dr Roy Spencer on Global Warming Part 4 of 6

Dr Roy Spencer on Global Warming Part 5 of 6

Dr Roy Spencer on Global Warming Part 6 of 6

Recent Evidence for Reduced Climate Sensitivity

Obama’s $1,300 car tax

By Michelle Malkin

“…Nobody in the White House is going to call the president’s “mileage and pollution” plan what it is.

It’s a $1,300 car tax. On the working class. On the middle class. On everyone who has responded to the government’s consumption-mania incentives — loosened credit, tax deductions — and bought/planned to buy a new car without taking into account these unanticipated costs:

President Barack Obama wants drivers to go farther on a gallon of gas and cause less damage to the environment — and be willing to pick up the tab.

Obama on Tuesday planned to announce the first-ever national emissions limits for cars and trucks, as well as require a 35.5 miles per gallon standard. Consumers should expect to pay an extra $1,300 per vehicle by the time the plan is complete in 2016, officials said…

…Administration officials said consumers were going to pay an extra $700 for mileage standards that had already been approved. The comprehensive Obama plan would add another $600 to the price of a vehicle, a senior administration official said.

The extra miles would come at roughly a 5 percent increase each year. By the time the plan takes full effect, at the end of 2016, new vehicles would cost an extra $1,300.

That official said the cost would be recovered through savings at the pump for consumers who choose a standard 60-month car loan and if gas prices follow government projections.

Let’s all deliver a collective snort in response to yet another self-delusional bureaucrat’s promise that yet another massive government intervention will produce cost savings:

CAFE Standards Kill: Congress’ Regulatory Solution to Foreign Oil Dependence Comes at a Steep Price

by Ryan Balis

“…On the heels of the Arab oil embargo, in 1975 Congress enacted Corporate Average Fuel Economy (CAFE) standards as a regulatory solution to reduce the United States’ dependence on foreign oil and gasoline consumption.1 CAFE standards mandate that vehicles sold in the U.S. meet fuel efficiency – or “fuel economy” – standards. Current standards require an average of 27.2 miles per gallon (mpg) for cars and 21.6 mpg for light trucks.2

Beginning in 2008, “one-size-fits-all” CAFE standards for light trucks will be phased out.  New regulations will divide light trucks into six categories based on vehicle size – each category having its own mpg target.3 However, the fuel economy for these vehicles will be raised from the current 22.2 mpg to 24.0 mpg in model year 2011.4

According to a National Highway Traffic Safety Administration (NHTSA) estimate, implementing this change will cost American consumers over $6.71 billion in added vehicle expenses from 2007-2011.5 Yet Marlo Lewis, a senior fellow at the Competitive Enterprise Institute, calculates that the fuel savings will be a mere 0.44 billion gallons of gasoline annually.6 On average, U.S. cars and light trucks consume some 11 billion gallons of gasoline each month.7 …”

http://www.nationalcenter.org/NPA546CAFEStandards.html

In-Depth Look – White House Reacts On GDP Report – Bloomberg

In-Depth Look – First Read Of 1Q GDP – Bloomberg

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Save Your Job and Life–Abolish The Environmental Protection Agency!

MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE–Videos

Barrack Obama’s Kansas Values–Killing Babies in Cold Blood?

Eugenics, Planned Parenthood, Population Control, and Designer Babies–Videos

Cap and Trade Carbon Dioxide Tax: Gore’s and Obama’s Revenge on The American People–Let Them Freeze and Sweat!

Barack Obama’s Socialist Green Commissar Carol Browner

ANWR: Pristine–Pristine–Pristine–Desolute–Desolute–Desolute–Drill–Drill–Drill– McCain/Romney: Drill Here. Drill Now. Pay Less!

Al Gore 2.0 and The Coming Renewable Energy Ice Age–The Big Chill

National Center for Policy Analysis–A Global Warming Primer

Global Warming is The Greatest Hoax, Scam and Disinformation Campaign in History

Global Warming Videos

Global Warming Books

Global Warming Sites

Al Gore: Agent of Influence or Useful Idiot of Disinformation

Al Gore: Agent of Influence and Planetary Propeller Head!

Al Gore’s Little White Lie: Man-Made Global Warming Causing Polar Bears To Drown

Al Gore’s Big Whopper–Sea Levels Rise By 2100: Gore 20 Feet vs IPCC 2 Feet?

Clinton’s Cap and Trade Tax on The American People for Consuming Electricity and Driving Cars, SUVs and Trucks!

Facing Fundamental Facts

Let Them Eat Cake Act: American Elites Killing and Starving The American People

The Heidelberg Appeal: Beware of False Gods and Prophets

Going Deep–Cool–Deep Ocean Water (DOW)–Ocean Power!

Saving The World: The Importance of Getting The Priorities Right

US Federal Government Fails Stress Test–Insolvent: Time Has Arrived For Downsizing–Departments and Subsidies To Be Eliminated!

The 12 Trillion–$12,000,000,000,000 Crime of The Century: The Decline and Fall of United States of America By Radical Socialist Spending–Look Before You Leap!

The Financial Crime of The Century: William K. Black On Massive Mortgage Fraud –Videos

Bailed Out Bank Trillion Dollar Derivative Exposure

The Mother of All Bailouts–2 to 3 Trillion Dollars–$2,000,000,000–$3,000,000,000!–Rewarding Greed, Arrogance and Stupidity–Pay for Play!

Federal Government Extortion Of Sound Banks–You Decide?–Take This TARP and Shove It!

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE–Videos

Barack Obama’s Socialist Green Commissar Carol Browner

Let Them Eat Cake Act: American Elites Killing and Starving The American People

ANWR: Pristine–Pristine–Pristine–Desolute–Desolute–Desolute–Drill–Drill–Drill– McCain/Romney: Drill Here. Drill Now. Pay Less!

Clinton’s Cap and Trade Tax on The American People for Consuming Electricity and Driving Cars, SUVs and Trucks!

Facing Fundamental Facts

Presidential Election 2008: American Elites Vs. American People

Let Them Eat Cake Act: American Elites Killing and Starving The American People

The Heidelberg Appeal: Beware of False Gods and Prophets

Going Deep–Cool–Deep Ocean Water (DOW)–Ocean Power!

Saving The World: The Importance of Getting The Priorities Right

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

Millions of Rightwing Extremists To March On Washington D.C. Fair–Celebrating Independence Day Tea Parties and Chanting “Extremism in the defense of liberty is no vice!”

The Empty Suit or Hollow Man–Barrack Obama–An Legend In His Own Mind

Cap and Trade Carbon Dioxide Tax: Gore’s and Obama’s Revenge on The American People–Let Them Freeze and Sweat!

President Obama Delays E-Verify–Shame On You Mr. President!

The Cost of Comprehensive Immigration Reform–McCain and Obama Are Hopeless–It is the Economy Stupid!

Presidential Candidates on Illegal Immigration, Criminal Alien Removal and Social Service Benefits

US Immigration Videos

Why immigration will be the number 1 political issue in the 2008 Presidential Election! — Gum Balls

One Big Awful Mistake America (OBAMA): Veterans Will Now Lead The Fight To Defeat Radical Socialism!

The Signed “Stimulus Package” Did Not Include Funding for E-Verify and Border Fence Construction–Less Jobs And Security for American Citizens

Inside the Meltdown: Who Was Withdrawing From Money Market Funds On September 16-18, 2008 and Why?

Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Crisis–Stabilize–Stimulate–Strengthen–Simultaneously!

President Obama’s Sales Pitch–Buy My Government Dependency Package–I Won The Election!–No Sale–The American People Want Their Money Back!

President Barack Obama Peddling The Government Dependency Package (GDP) and Fear Mongering The Raw Deal!

Pelosi’s Porky Pigout Poison Package–Economy Wrecker and Job Destroyer–Have A Blue Christmas 2009!

BO’s Raw Deal: Obama’s Two Year Recession and Two Year Hyperinflation–Hopeless & Small Change!

Boycott Bailedout Businesses and Banks

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

The Sovereign Wealth Fund Threat: Are Chinese Communists Behind Rush In Passing Bailout Bill?

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

Recession–Recession–Recession–Scaring People–Have A Hot Dog!

It Is Official–The U.S. Economy Has Been In A Recession for 11 Months and Continuing!

Glenn Beck Listens To Tea Party Americans–Videos

Second American Revolution–Tea Party Celebrations–Washington Fair–July 4, 2009–An Open Invitation To The American People

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009!

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

Operation Family Freedom (OFF): Millions Celebrate Washington Fair, Saturday, July 4, 2009–The Second American Revolution

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President Barack Obama’s White House Press Conferences–Videos

Posted on February 16, 2009. Filed under: Blogroll, Economics, Education, Employment, Energy, Foreign Policy, Immigration, Law, Links, People, Philosophy, Politics, Rants, Raves, Regulations, Resources, Taxes, Video | Tags: , , , , , , , , , |

4/29/2009 Full Presidential Press Conference

3/24/09: 3/24/09: Presidential Press Conference

3/24/09: Presidential Press Conference Part 1

 

3/24/09: Presidential Press Conference Part 2

 

3/24/09: Presidential Press Conference Part 3

 

3/24/09: Presidential Press Conference Part 4


 

 

 

2/9/09: Presidential Press Conference

 

Background Articles and Videos

 

Thoughts on the Press Conference   [Mark Hemingway]

The Democratic Great Communicator Isn’t Always: As good as he is delivering a speech, Obama is not a good extemporaneous speaker. It’s been rare in his political career you get to see him doing both back to back and the contrast is stunning. The conference was, frankly, boring and long-winded. His answer to the first question was an unforgivably meandering and pointless 10 minutes.

Names Please: The President kept referencing people that believe in “doing nothing” as a response to the economic crisis. And this “tax cuts alone can’t solve our economic problems” business is nonsense. Congressional Republicans are far from closed to the idea of government spending as a fiscal stimulus — it’s the size and scope of the current bill they disagree with. Framing things as if the debate is doing something versus doing nothing is calculated political prestidigitation.

http://corner.nationalreview.com/post/?q=YjE4YTc2Y2Q2MzlkMWE4NzU0ZTk4MjRlMzUzMzIxOTk=

Tom Woods on Glenn Beck “Meltdown” 02/09/2009

 

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President Obama Delays E-Verify–Shame On You Mr. President!

Posted on February 2, 2009. Filed under: Blogroll, Computers, Economics, Education, Employment, Immigration, People, Politics, Quotations, Raves, Security, Technology, Video | Tags: , , , , , , |

 
e_verify_logo

Reps. Roskam and Shuler urge Obama not to delay E-Verify Requirement


 

The E-Verify program

 

The E-Verify program – fast, easy and accurate

 

The E-Verify program


 

NumbersUSA Action

http://www.numbersusa.com/content/ 

 

Phone your Representative in Congress and Senator and ask if they support  making E-Verify mandatory to determine whether an employee is legally authorized to work in the United States.

Call the White House and ask why President Obama needs time to rethink E-Verify?

With over 11 million unemployed Americans, all illegal immigrants not authorized to work in the United States should be removed to their country of origin.

The first step is to use E-Verify to determine whether an employee is authorized to work in the United States.

What is there to think about Mr. President?

The Executive Order should not be delayed, it should be expedited.

Appears President Obama is worried about offending all his future illegal alien voters.

I guess if you are an unemployed American you are now a second class citizen.

Illegal aliens working in the US are protected by corrupt businessmen and politicians.

President Obama  must protect all that cheap illegal immigrants labor working in the United States by not requiring businesses to use E-Verify.

Aiding and abetting a crime–illegal immigrants working in the US– is a crime and an impeachable offense.

Shame on you Mr. Obama.

Barack Obama: Immigration

Business as usual–this is neither hope nor change for millions of unemployed Americans.

If this is your idea of change Mr. President–give me a break.

President Obama enforce the law and honor the oath of office you took on January 20, 2009–twice!

Enforcing the law actually works in Del Rio,Texas.

Zero tolerance for illegal aliens in Del Rio.

Cconvicted illegal aliens arrested in US are sent to jail for six-months:

 

Glenn Beck:Texas Officials Begin Jailing Illegal Aliens

 

 

Amnesty Anarchy

 

Why E-Verify? 

E-Verify is a free Internet-based system that allows employers to confirm the legal working status of new hires in seconds. With one click, E-Verify can match your new hire’s Social Security Number and other Form I-9 information.

E-Verify reduces unauthorized employment, minimizes verification-related discrimination, is quick and non-burdensome to employers, and protects civil liberties and employee privacy.

Initial verification returns results within 3 to 5 seconds.

Employers ran nearly 2 million employment eligibility verification queries in Fiscal Year 2006.

The top industries using E-Verify include food services and drinking places, administrative and support services, professional and technical services, other information services, and clothing and accessories stores.

http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b9ac89243c6a7543f6d1a/?vgnextoid=e94888e60a405110VgnVCM1000004718190aRCRD&vgnextchannel=e94888e60a405110VgnVCM1000004718190aRCRD

 

Background Articles and Videos 

Feds Delay E-Verify Deadline to May 21

By Roy Mark

“…Following an Obama government administration request for all executive departments and agencies to consider extending the effective date of published regulations that have not yet taken effect, federal authorities agree to postpone a Feb. 20 deadline for federal contractors and subcontractors to start using the controversial E-Verify program. The Internet-based electronic verification system would confirm that prospective employees are legally eligible to work.
 

 

Federal officials have agreed to postpone the start of the controversial E-Verify program until May 21 at the earliest. E-Verify would require federal contractors and subcontractors to use an Internet-based electronic verification system to confirm that prospective employees are legally eligible to work.

The Jan. 28 announcement by the Department of Homeland Security of the delay marks the second time the government has postponed the implementation of the mandate. It was originally set to go into effect Jan. 15, but the feds moved the date to Feb. 20 after the U.S. Chamber of Commerce filed suit Dec. 23 challenging the legality of the program.

The Obama administration Jan. 20 urged all executive departments and agencies to consider extending the effective date of published regulations that have not yet taken effect. The Chamber of Commerce then requested that the federal government postpone the new rule requiring federal contractors to use E-Verify.

“The federal government agreed that the new administration needs time to rethink mandatory E-Verify use, particularly in light of the stressed economy,” Robin Conrad, executive vice president of the National Chamber Litigation Center, said in a statement. “We are hopeful that the incoming administration will agree that E-Verify is the wrong solution at the wrong time.”

http://www.eweek.com/c/a/Government-IT/Feds-Delay-EVerify-Deadline-to-May-21/

 

Senators Sessions and Nelson Urge Senate Leadership to Include E-Verify in Stimulus Plan

 

“…In a co-authored letter sent earlier today, Senators Jeff Sessions (R-AL) and Ben Nelson (D-NE) urged the Senate leadership to include provisions in the economic stimulus package that would require businesses using stimulus money to use E-Verify to ensure the jobs are going to American citizens. The House version of the bill, which passed last night, included an amendment requiring the use of E-Verify, but the current Senate version does not include it.

The letter comes one day after federal authorities agreed to delay the start of an order requiring federal contractors to use E-Verify. The start date was moved from Feb. 20 to no sooner than May 21. …”

http://www.numbersusa.com/content/news/january-29-2009/senators-sessions-and-nelson-urge-senate-leadership-include-e-verify-stimulus-p

 

E-Verify

“…E-Verify is currently a voluntary program run by the United States government to help certify that employees hired by companies are legally authorized to work in the United States. Formerly known as the Basic Pilot/Employment Eligibility Verification Program, the program is operated by the Department of Homeland Security in partnership with the Social Security Administration.

The program was set to expire in November 2008. The expiration period reflects uncertainty in Congress about the accuracy and collateral consequences of the verification program. New rules promulgated by the Department of Homeland Security presume that this program remains in effect for the foreseeable future. On September 30, 2008, President George W. Bush signed a continuing resolution (H.R. 2638) that would, among other things, extend the E-Verify program until March 6, 2009 with $100 million in funding. …”

http://en.wikipedia.org/wiki/E-Verify

 

E-Verify Program Update: 100,000 Employers Signed Up

“…US Dept of Homeland Security reports:

 

  • E-Verify is an Internet-based system operated by the Department of Homeland Security (DHS) in partnership with the Social Security Administration

    (SSA) that allows participating employers to electronically verify the employment eligibility of their newly hired employees.   U.S. Citizenship and Immigration Services (USCIS) administers the program.

  • Free, safe, secure and simple to use, E-Verify is the best means available for determining employment eligibility of new hires and the validity of their Social Security Numbers.  The program provides participating employers an automated Internet-based resource to verify the employment eligibility of newly hired employees.   Participating employers run authorization checks on all newly hired employees, including U.S. citizens and non-U.S. citizens, against SSA and DHS databases (about 449 million, and 60 million records respectively).  Through this process, E-Verify assists employers in maintaining a legal workforce and protects jobs for authorized U.S. workers.
  • USCIS began testing a photo screening tool enhancement to E-Verify and formally launched it on Sept. 17, 2007.   The tool allows a participating employer to check the photos on Employment Authorization Documents (EAD) or Permanent Resident Cards (green cards) against images stored in USCIS databases.  The goal of the photo tool is to detect and deter identify fraud by helping employers determine whether the document presented is the same document issued by USCIS (e.g., that it is not a forgery involving photo-substitution).
  • More than 100,000 employers are currently using the E-Verify program to verify that their new hires are authorized to work in the United States.   For FY2009 to date, more than 2 million employment verification queries have been run.  During FY2008, approximately 6.6 million employment verification queries were run (as compared to a total of 3.27 million in all of FY2007).   …”
  • http://www.rightsidenews.com/200901103281/border-and-sovereignty/e-verify-program-update-100000-employers-signed-up.html

    E-Verify

     

    Lou Dobbs – Federal e-Verify Mandate

     

     

    Lou Dobbs – Attempt to Block E-Verify

     

     

    KNXV ABC15 – EVerify Story

     

    Investigation finds illegal immigrants are often put back on US streets

     

     

    Who is the Illegal alien lobby?

     

    Out of Control: The Immigration Invasion (Part A / 1 of 3)

     

    Out of Control: The Immigration Invasion (Part A / 2 of 3)

     

    Out of Control: The Immigration Invasion (Part A / 3 of 3)

     

     

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