When will Bureau of Land Management (BLM) Roundup 2,000 Plus Wild Horses On Utah Rangeland? — The BLM Should Do Its Job and Not Harass Neveda Ranchers! — BLM’s Appropriate Management Level (AML) of 27,000 Wild Horses and Over 40,000 Wild Horses Nationally Plus Over 50,000 in Feed Lost Costing The American Taxpayer Millions! — Herd Size Doubles Every 4 Years — Sell The Wild Horses To China and Mexico — Beef and Food Prices Soaring — Connect The Dots People — Videos

Posted on April 13, 2014. Filed under: Agriculture, American History, Beef, Blogroll, Bread, Business, College, Communications, Data, Demographics, Diasters, Economics, Education, Employment, Faith, Family, Famine, Farming, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, Fruit, government, government spending, history, Language, Law, liberty, Life, Links, media, Milk, People, Philosophy, Photos, Rants, Raves, Regulations, Resources, Security, Transportation, Vegetables | Tags: , , , , , , , , , , , , , , , , , |

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Rising-Food-Prices

national_brands_store_brands_food_prices

worldfoodpriceincreases

milk_consumption

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Wild Horses on Public Lands and the impact on Ranching and Communities

We took the show to Beaver County this week to get an on the ground look at how wild horses impact the range. In Utah the population of wild horses is over the Appropriate Management Level (AML) by 1,300 animals. Nationally the problem of dealing with the number of wild horses increases to 14,000 beyond the AML. The management of wild horses costs the BLM tens of millions of dollars every year but despite the efforts to gather wild horses off the range; the numbers keep increasing.
Chad Booth talks to Beaver County Commissioner, Mark Whitney; Iron County Commissioner, David Miller; and local rancher Mark Winch about the impacts on ranchers and the ultimate impact it has on the economies of rural Utah.

Transfer of Public Lands

Public Lands in Utah County Seat Season3, Episode 8

In recent years there has been a public outcry from Utahans asking the State to take a more active role in how management decisions are made on public lands. The take back Utah movement has looked at the history of public lands in the United States and began to ask why hasn’t Utah received the same treatment as other states in the Union. Utah has about 67% of its lands controlled and managed by the federal government. Some counties in the state are about 90% federally owned which creates a burden on the local governments because there is no property tax base to pay for the services that citizens need.

Last year Utah passed the Utah Public Lands Transfer Act, HB148; which basically asks the federal government to dispose of the remaining unallocated federal lands within the state by 2014. HB148 has opened up a conversation about what the proper role of the federal government should be in the management of public lands. Today’s show takes a look at the issues from a federal, state, and county perspective.

 

WARNING! MORE FOOD INFLATION COMING 2014 STOCK UP ASAP

Grocery Prices Soar

Spike in food prices has shoppers feeling effects – Mar 19th, 2014

U S Government Says ‘No Inflation’ As Food Prices Soar New update 2014

Preppers: Food Prices Rise Sharply – Up 19% for 2014!

Milk Prices PKG

Food Prices The Shocking Truth

Food Prices The Shocking Truth 1 of 2

Food Prices The Shocking Truth 2 of 2

Worldwide Food Shortages

GLOBAL FOOD CRISIS to Usher in Worldwide Famine

Where’s the (Cheap) Beef? US Prices Soar

Meat Beef Bacon Costs Rise due to Drought? Inflation! Starvation Great-Depression Dollar$

Beef prices explained

BLM Wild Horse Strategy

The BLM’s Wild Horse and Burro Program

BLM Socorro Water Trap Method Wild Horse Gather

The World Food Crisis ~ Special Report

Don’t Fence Me In – Roy Rogers & The Sons of the Pioneers –

Roy Rogers & Sons of The Pioneers Sing “The Last Roundup”

Wild horses targeted for roundup in Utah rangeland clash

Reuters
Two of a band of wild horses graze in the Nephi Wash area outside Enterprise, Utah

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View gallery

Two of a band of wild horses graze in the Nephi Wash area outside Enterprise, Utah, April 10, 2014. REUTERS/Jim …

By Jennifer Dobner

ENTERPRISE, Utah (Reuters) – A Utah county, angry over the destruction of federal rangeland that ranchers use to graze cattle, has started a bid to round up federally protected wild horses it blames for the problem in the latest dustup over land management in the U.S. West.

Close to 2,000 wild horses are roaming southern Utah’s Iron County, well over the 300 the U.S. Bureau of Land Management has dubbed as appropriate for the rural area’s nine designated herd management zones, County Commissioner David Miller said.

County officials complain the burgeoning herd is destroying vegetation crucial to ranchers who pay to graze their cattle on the land, and who have already been asked to reduce their herds to cope with an anticipated drought.

Wild horse preservation groups say any attempt to remove the horses would be a federal crime.

On Thursday county workers, accompanied by a Bureau of Land Management staffer, set up the first in a series of metal corrals designed to trap and hold the horses on private land abutting the federal range until they can be moved to BLM facilities for adoption.

“There’s been no management of the animals and they keep reproducing,” Miller said in an interview. “The rangeland just can’t sustain it.”

The conflict reflects broader tension between ranchers, who have traditionally grazed cattle on public lands and held sway over land-use decisions, and environmentalists and land managers facing competing demands on the same land.

The Iron County roundup comes on the heels of an incident in neighboring Nevada in which authorities sent in helicopters and wranglers on horseback to confiscate the cattle herd of a rancher they say is illegally grazing livestock on public land.

In Utah, county commissioners warned federal land managers in a letter last month that the county would act independently to remove the horses if no mitigation efforts were launched.

“We charge you to fulfill your responsibility,” commissioners wrote. “Inaction and no-management practices pose an imminent threat to ranchers.”

The operation was expected to last weeks or months.

“The BLM is actively working with Iron County to address the horse issue,” Utah-based BLM spokeswoman Megan Crandall said, declining to comment further.

Attorneys for wild horse preservation groups sent a letter this week to Iron County commissioners and the BLM saying the BLM, under federal law, cannot round up horses on public lands without proper analysis and disclosure.

“The BLM must stop caving to the private financial interests of livestock owners whenever they complain about the protected wild horses using limited resources that are available on such lands,” wrote Katherine Meyer of Meyer, Glitzenstein and Crystal a Washington, DC-based public interest law firm representing the advocates.

LONG-RUNNING PROBLEM

The BLM puts the free-roaming wild horse and burro population across western states at more than 40,600, which it says on its website exceeds by nearly 14,000 the number of animals it believes “can exist in balance with other public rangeland resources and uses.”

Wild horse advocates point out that the tens of thousands of wild horses on BLM property pales into comparison with the millions of private livestock grazing on public lands managed by the agency.

Wild horses have not been culled due to budget constraints, according to Utah BLM officials, who say their herds grow by roughly 20 percent per year.

Pressure on rangeland from the horses may worsen this summer due to a drought that could dry up the already sparse available food supply, according to Miller.

“We’re going to see those horses starving to death out on the range,” he said. “The humane thing is to get this going now.”

Adding to frustration is BLM pressure on ranchers to cut their cattle herds by as much as 50 percent to cope with the drought, Miller said.

A tour of Iron County rangeland, not far from the Nevada border, illustrates the unchecked herds’ impact on the land, said Jeremy Hunt, a fourth generation Utah rancher whose cattle graze in the summer in a management area split through its middle by a barbed wire fence.

On the cattle side of the fence, the sagebrush and grass landscape is thick and green. The other, where a group of horses was seen on Thursday, is scattered with barren patches of dirt and sparse vegetation.

“This land is being literally destroyed because they are not following the laws that they set up to govern themselves,” said Hunt, who also works as a farmhand to make ends meet for his family of six.

“I want the land to be healthy and I want be a good steward of the land,” he added. “But you have to manage both sides of the fence.”

 

 

Wholesale Prices in U.S. Rise on Services as Goods Stagnate

 

Wholesale prices in the U.S. rose in March as the cost of services climbed by the most in four years while commodities stagnated.

The 0.5 percent advance in the producer-price index was the biggest since June and followed a 0.1 percent decrease the prior month, the Labor Department reported today in Washington. The recent inclusion of services may contribute to the gauge’s volatility from month-to-month, which will make it more difficult to determine underlying trends.

Rising prices at clothing and jewelry retailers and food wholesalers accounted for much of the jump in services, even as energy costs retreated, signaling slowing growth in emerging markets such as China will keep price pressures muted. With inflation running well below the Federal Reserve’s goal, the central bank is likely to keep borrowing costs low in an effort to spur growth.

“Every six months or so service prices seem to pop, but over the year, service prices tend to dampen inflation more often than not,” Jay Morelock, an economist at FTN Financial in New York, wrote in a note. “One month of price gains is not indicative of a trend.”

Also today, consumer confidence climbed this month to the highest level since July, a sign an improving job market is lifting Americans’ spirits. The Thomson Reuters/University of Michigan preliminary April sentiment index rose to 82.6 from 80 a month earlier.

 
Photographer: Craig Warga/Bloomberg

Rising prices at clothing and jewelry retailers and food wholesalers accounted for much… Read More

Shares Fall

Stocks dropped, with the Standard & Poor’s 500 Index heading for its biggest weekly decline since January, as disappointing results from JPMorgan Chase & Co. fueled concern that corporate earnings will be weak. The S&P 500 fell 0.4 percent to 1,826.29 at 10:02 a.m. in New York.

Today’s PPI report is the third to use an expanded index that measures 75 percent of the economy, compared to about a third for the old metric, which tallied the costs of goods alone. After its first major overhaul since 1978, PPI now measures prices received for services, government purchases, exports and construction.

Estimates for the PPI in the Bloomberg survey of 72 economists ranged from a drop of 0.2 percent to a 0.3 percent gain.

Core wholesale prices, which exclude volatile food and energy categories, climbed 0.6 percent, the biggest gain since March 2011, exceeding the projected 0.2 percent advance of economists surveyed by Bloomberg. They dropped 0.2 percent in February.

Past Year

The year-to-year gain in producer prices was the biggest since August and followed a 0.9 percent increase in the 12 months to February. Excluding food and energy, the index also increased 1.4 percent year to year following a 1.1 percent year-to-year gain in February.

The cost of services climbed 0.7 percent in March, the biggest gain since January 2010. Goods prices were unchanged and were up 1.1 percent over the past 12 months.

Wholesale food costs climbed 1.1 percent in March, led by higher costs for meats, including pork and sausage. Energy costs fell 1.2 percent last month.

Food producers and restaurants say they’re paying more for beef, poultry, dairy and shrimp. At General Mills Inc. (GIS), maker of Yoplait yogurt, Cheerios cereal and other brands, rising dairy prices helped push retail profit down 11 percent in the third quarter, said Ken Powell, chairman and chief executive officer of the Minneapolis-based company. Powell called the inflation “manageable.”

Food Prices

“While the economy is improving slowly and incomes are strengthening slowly, they are improving,” Powell said on a March 19 earnings call. “As incomes continue to grow and consumers gain confidence that will be a positive sign for our category.”

Today’s PPI report provides a glimpse into the consumer-price index, the broadest of three inflation measures released by the Labor Department. The CPI, due to be released April 15, probably climbed 0.1 percent in March, according to the median forecast in a Bloomberg survey.

The wholesale price report also offers an advance look into the personal consumption expenditures deflator, a gauge monitored closely by the Fed. Health care prices make up the largest share of the core PCE index, which excludes food and energy costs. The next PCE report is due from the Commerce Department May 1.

This week, Fed policy makers played down their own predictions that interest rates might rise faster than they had forecast, according to minutes of the Federal Open Market Committee’s March meeting. The minutes bolstered remarks made by last month by Chair Janet Yellen.

“If inflation is persistently running below our 2 percent objective, that is a very good reason to hold the funds rate at its present range for longer,” Yellen said at a March 19 press conference following the committee meeting.

 

http://www.bloomberg.com/news/2014-04-11/wholesale-prices-in-u-s-rise-more-than-forecast-on-services.html

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No Tapering! — Spending Addiction Disorder (SAD) — Fed Must Continue Massive Financing of Deficits and Debt of Federal Government — Digital Electronic Money (DEM) Creation Continues At $85 Billion Per Month or $1,020 Billion Per Year Pace — U.S. Economy Stagnating Below 3 Percent GDP Growth Trend Line — U.S. Dollar Devalued — Currency War Continues — Abolish The Fed Videos

Posted on September 19, 2013. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Employment, European History, Federal Government, Federal Government Budget, Fiscal Policy, government spending, history, History of Economic Thought, Inflation, Investments, IRS, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Photos, Politics, Programming, Psychology, Raves, Regulations, Resources, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Unemployment, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , |

5-reasons-the-fed-taper-will-kick-off-in-september

Tracking-the-Fed-September

U.S. National Debt Clock

BUREAU OF THE FISCAL 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:  08/13

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

     OCTOBER                                                                   163,072                261,539                 98,466
     NOVEMBER                                                                  152,402                289,704                137,302
     DECEMBER                                                                  239,963                325,930                 85,967
     JANUARY                                                                   234,319                261,726                 27,407
     FEBRUARY                                                                  103,413                335,090                231,677
     MARCH                                                                     171,215                369,372                198,157
     APRIL                                                                     318,807                259,690                -59,117
     MAY                                                                       180,713                305,348                124,636
     JUNE                                                                      260,177                319,919                 59,741
     JULY                                                                      184,585                254,190                 69,604
     AUGUST                                                                    178,860                369,393                190,533
     SEPTEMBER                                                                 261,566                186,386                -75,180

       YEAR-TO-DATE                                                          2,449,093              3,538,286              1,089,193

   CURRENT YEAR

     OCTOBER                                                                   184,316                304,311                119,995
     NOVEMBER                                                                  161,730                333,841                172,112
     DECEMBER                                                                  269,508                270,699                  1,191
     JANUARY                                                                   272,225                269,342                 -2,883
     FEBRUARY                                                                  122,815                326,354                203,539
     MARCH                                                                     186,018                292,548                106,530
     APRIL                                                                     406,723                293,834               -112,889
     MAY                                                                       197,182                335,914                138,732
     JUNE                                                                      286,627                170,126               -116,501
     JULY                                                                      200,030                297,627                 97,597
     AUGUST                                                                    185,370                333,293                147,923

       YEAR-TO-DATE                                                          2,472,542              3,227,888                755,345

http://www.fms.treas.gov/mts/mts0813.txt

civilian_labor_participation_rate

InflationAug2013

US-Fed-Funds-Target-Rate

savings

fed_taper_bets

When-To-Taper

fed_taper

wrong_way

US Chairman of the Federal Reserve Ben Bernanke listens to questions as he testifies before a House Budget Committee on Capitol Hill in Washington

2013-09-17-bernanke-hands-over-control

janet_yellen

Tracking-the-Fed-September

Federal Reserve Vice Chair Janet Yellen addresses a conference in Washington

No Fed Taper: What Does It Mean for Your Money? (9/18/13)

Federal Reserve: No Taper (9/18/13)

Ron Paul: Fed Decision To Not Taper Is A Really Bad Sign

Ron Paul: Taper Fakeout Means Fed Is Worried

Breaking News: Federal Reserve Will Not Taper

Rick Santelli Reacts to Federal Reserve No Taper

Why The Fed. Will INCREASE, NOT DECREASE, It’s QE/Money Printing. By Gregory Mannarino

In Business – Fed Taper Pause Fuels Commodities Rally

To Taper, or Not to Taper

FED Says No Taper — We Need A War, Gun Confiscation And Control Of Internet First — Episode 166

JIM RICKARDS: Fed Will TAPER in September or Never, and the Looming MONETARY System COLLAPSE [50]

James Rickards on “Why The Fed Will NOT Taper Quantitative Easing”

Peter Schiff: “The party is coming to an end”.

JIM ROGERS – When the FED stops PRINTING FIAT CURRENCY the COLLAPSE will be here. PREPARE NOW

Fed decision Just idea of tapering caused huge ruckus

Background Articles and Videos

Milton Friedman – Abolish The Fed

Milton Friedman On John Maynard Keynes

Free to Choose Part 3: Anatomy of a Crisis (Featuring Milton Friedman)

Murray Rothbard – To Expand And Inflate

The Founding of the Federal Reserve | Murray N. Rothbard

The Origin of the Fed – Murray N. Rothbard

Murray Rothbard on Hyperinflation and Ending the Fed

Murray N. Rothbard on Milton Friedman (audio – removed noise) part 1/5

Keynes the Man: Hero or Villain? | Murray N. Rothbard

WASHINGTON (AP) — The Federal Reserve has decided against reducing its stimulus for the U.S. economy, saying it will continue to buy $85 billion a month in bonds because it thinks the economy still needs the support.

The Fed said in a statement Wednesday that it held off on tapering because it wants to see more conclusive evidence that the recovery will be sustained.

Stocks spiked after the Fed released the statement at the end of its two-day policy meeting.

In the statement, the Fed says that the economy is growing moderately and that some indicators of labor market conditions have shown improvement. But it noted that rising mortgage rates and government spending cuts are restraining growth.

The bond purchases are intended to keep long-term loan rates low to spur borrowing and spending.

The Fed also repeated that it plans to keep its key short-term interest rate near zero at least until unemployment falls to 6.5 percent, down from 7.3 percent last month. In the Fed’s most recent forecast, unemployment could reach that level as soon as late 2014.

Many thought the Fed would scale back its purchases. But interest rates have jumped since May, when Fed Chairman Ben Bernanke first said the Fed might slow its bond buys later this year. But Bernanke cautioned that the reduction would hinge on the economy showing continued improvement.

In its statement, the Fed says that the rise in interest rates “could slow the pace of improvement in the economy and labor market” if they are sustained.

The Fed also lowered its economic growth forecasts for this year and next year slightly, likely reflecting its concerns about interest rates.

The statement was approved on a 9-1 vote. Esther George, president of the Federal Reserve Bank of Kansas City, dissented for the sixth time this year. She repeated her concerns that the bond purchases could fuel the risk of inflation and financial instability.

The decision to maintain its stimulus follows reports of sluggish economic growth. Employers slowed hiring this summer, and consumers spent more cautiously.

Super-low rates are credited with helping fuel a housing comeback, support economic growth, drive stocks to record highs and restore the wealth of many Americans. But the average rate on the 30-year mortgage has jumped more than a full percentage point since May and was 4.57 percent last week — just below the two-year high.

The unemployment rate is now 7.3 percent, the lowest since 2008. Yet the rate has dropped in large part because many people have stopped looking for work and are no longer counted as unemployed — not because hiring has accelerated. Inflation is running below the Fed’s 2 percent target.

The Fed meeting took place at a time of uncertainty about who will succeed Bernanke when his term ends in January. On Sunday, Lawrence Summers, who was considered the leading candidate, withdrew from consideration.

Summers’ withdrawal followed growing resistance from critics. His exit has opened the door for his chief rival, Janet Yellen, the Fed’s vice chair. If chosen by President Barack Obama and confirmed by the Senate, Yellen would become the first woman to lead the Fed.

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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

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Pronk Pops Show 34:June 29, 2011

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

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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The Federal Government’s Attempt To Control State Budgets–Just Say No Texas–Go To Washington D.C. On August 28, 2010

Posted on August 11, 2010. Filed under: Blogroll, College, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Rants, Raves, Taxes, Technology, Video, Wisdom | Tags: , , , , , |

 

Glenn Beck-08/11/10-A

 

Glenn Beck-08/11/10-B

 

Glenn Beck-08/11/10-C

 

Glenn Beck-08/11/10-D

 

 

Spending Bill Paid for With Cuts in Food Stamps

 

The American people have repeatedly informed their representatives in Congress–NO BAILOUT!

What we have here is a failure to communicate!

Vote out of office any politician who supported this $26 billion bailout and teacher union payoff bill.

2010 Supplemental Appropriations, Education Jobs & FMAP

http://www.rules.house.gov/111/LegText/111_samndhamdn_hr1583.pdf

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“The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite.”

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Will Credit Defaul Swaps Worsen Our Financial Problems? Pt1 MiCasaMiDinero

Will Credit Defaul Swaps Worsen Our Financial Problems? Pt2 MiCasaMiDinero

Credit Default Swaps

 

Credit Default Swaps explained clearly in five minutes

Credit default swap (CDS)

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Stop Spending Our Future – The Crisis

The markets worked.

The Federal government should never bailout businesses, firms and individuals who lose money on their investments.

Once firms and individuals clearly understand that the Federal Government and the American people will not bailout investment manager incompetence, their attitude and behavor towards risks will change.

Until then the bailouts will continue and is now institutionalize.

Government intervention and regulation of markets only leads to even more government intervention and regulation of markets for humans cannot replicate the pricing and discovery functions of markets.

The bailouts are still continuing as evidenced by those given to Fannie Mae and Freddie Mac.

Fannie Mae and Freddie Mac should be forced into receivership, yet it is still operating and getting bailed out.

The price of failure is liquidation.

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Thomas E. Woods–Nullification–Videos

Posted on June 30, 2010. Filed under: Blogroll, Communications, Economics, Fiscal Policy, government, government spending, history, Immigration, Language, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Technology, Video, Wisdom | Tags: , , , |

Thomas E. Woods, Jr.

http://www.thomasewoods.com/books/nullification/

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Glenn Beck On James Madison–The Father Of The United States Constitution–Videos

Posted on June 12, 2010. Filed under: Blogroll, Communications, Culture, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Regulations, Religion, Resources, Security, Strategy, Talk Radio, Taxes, Video, War, Wisdom | Tags: , , , , |

“The advancement and diffusion of knowledge is the only guardian of true liberty. “

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<h4 style="text-align: centerFounding Fathers: The Importance of Knowledge

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Heritage Foundation 2010 Budget Charts–Federal Entitlements

Posted on April 17, 2010. Filed under: Blogroll, Communications, Culture, Demographics, Economics, Education, Employment, Energy, Farming, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Homes, Immigration, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Reviews, Science, Strategy, Taxes, Video, Wisdom | Tags: , , , , , , , |

The Heritage Foundation
2010 Budget Charts
Federal Government Entitlements

http://www.heritage.org/budgetchartbook/entitlements

http://www.heritage.org/budgetchartbook/entitlements

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Heritage Foundation 2010 Budget Charts–Federal Revenue

Heritage Foundation 2010 Budget Charts–Federal Debt and Deficits

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United States Office of Management and Budget

Posted on January 30, 2010. Filed under: Blogroll, Communications, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Law, Life, Links, Monetary Policy, People, Philosophy, Politics, Programming, Quotations, Rants, Raves, Regulations, Resources, Reviews, Technology, Video | Tags: , , , , , , |

Saddling Posterity with Debt

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

~Thomas Jefferson to John Wayles Eppes, 1813

US Debt Clock

http://www.usdebtclock.org/

United States Office of Management and Budget

http://www.whitehouse.gov/omb/organization/

United States Office of Management and Budget

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

United States Office of Management and Budget

“…The Office of Management and Budget (OMB) is a Cabinet-level office, and is the largest office within the Executive Office of the President of the United States (EOP). The current OMB Director is Peter Orszag and was appointed by President Barack Obama on the 15th December 2008[1] and confirmed by the Senate on the 20th January 2009.

History

The Bureau of the Budget, OMB’s predecessor, was established as a part of the Department of the Treasury by the Budget and Accounting Act of 1921. The Bureau of the Budget was moved to the EOP in 1939, and reorganized into OMB in 1970 during the Nixon administration[2]. The first OMB included Roy Ash (head), Paul O’Neill (assistant director), Fred Malek (deputy director) and Frank Zarb (associate director) and two dozen others. In the 1990s, OMB was reorganized to remove the distinction between management staff and budgetary staff by combining those dual roles into each given program examiner within the Resource Management Offices [3].

Mission

The OMB’s predominant mission is to assist the President in overseeing the preparation of the federal budget and to supervise its administration in Executive Branch agencies. In helping to formulate the President’s spending plans, the OMB evaluates the effectiveness of agency programs, policies, and procedures, assesses competing funding demands among agencies, and sets funding priorities. The OMB ensures that agency reports, rules, testimony, and proposed legislation are consistent with the President’s Budget and with Administration policies.

In addition, the OMB oversees and coordinates the Administration’s procurement, financial management, information, and regulatory policies. In each of these areas, the OMB’s role is to help improve administrative management, to develop better performance measures and coordinating mechanisms, and to reduce any unnecessary burdens on the public.

Structure

The Office contains significant numbers of both career and politically appointed staff; OMB staff provide important continuity within the EOP since several hundred career professionals remain in their positions regardless of which party occupies the White House. Six positions within OMB – the Director, the Deputy Director, the Deputy Director for Management, and the administrators of the Office of Information and Regulatory Affairs, the Office of Federal Procurement Policy, and the Office of Federal Financial Management are presidentially appointed and Senateconfirmed positions.

The largest component of the Office of Management and Budget are the four Resource Management Offices which are organized along functional lines mirroring the U.S. federal government, each led by an OMB associate director. Approximately half of all OMB staff are assigned to these offices, the majority of whom are designated as program examiners. Program examiners can be assigned to monitor one or more federal agencies or may be assigned a topical area, such as monitoring issues relating to U.S. Navy warships. These staff have dual responsibility for both management and budgetary issues, as well as responsibility for giving expert advice on all aspects relating to their programs. Each year they review federal agency budget requests and help decide what resource requests will be sent to Congress as part of the president’s budget. They perform in-depth program evaluations using the Program Assessment Rating Tool, review proposed regulations, agency testimony, analyze pending legislation, and oversee the aspects of the President’s Management Agenda including agency management scorecards. They are often called upon to provide analysis information to any EOP staff member. They also provide important information to those assigned to the statutory offices within OMB, which are Office of Information and Regulatory Affairs, the Office of Federal Procurement Policy, the Office of Federal Financial Management, and the Office of E-Government & Information Technology whose job it is to specialize in issues such as federal regulations or procurement policy and law.

Other offices are OMB-wide support offices which include the Office of General Counsel, the Office of Legislative Affairs, the Budget Review Division (BRD), and the Legislative Reference Division. The BRD performs government-wide budget coordination and is largely responsibly for the technical aspects relating to the release of the president’s budget each February. With respect to the estimation of spending for the executive branch, the BRD serves a purpose parallel to that of the Congressional Budget Office for the estimation of spending for Congress, the Department of the Treasury for the estimation of revenues for the executive branch, and the Joint Committee on Taxation for the estimation of revenues for Congress.

The Legislative Reference Division has the important role of being the central clearing house across the federal government for proposed legislation or testimony by federal officials. It distributes proposed legislation and testimony to all relevant federal reviewers and distils the comments into a consensus opinion of the Administration about the proposal. They are also responsible for writing an Enrolled Bill Memorandum to the president once a bill is presented by both bodies of Congress for the president’s signature. The Enrolled Bill Memorandum details the particulars of the bill, opinions on the bill from relevant federal departments, and an overall opinion about whether the bill should be signed into law or vetoed. They also issues Statements of Administration Policy that let Congress know the White House’s official position on proposed legislation.

Current Key Staff

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

Background Articles and Videos

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United States Department of Agriculture

United States Department of Commerce

United States Department of Defense

United States Department of Education

United States Department of Energy

United States Department of Health and Human Resources

United States Department of Homeland Security

United States Department of Housing and Urban Development

United States Department of Interior

United States Department of Justice

United States Department of Labor

United States Department of State

United States Department of Transportation

United States Department of The Treasury

United States Department of Veteran Affairs

United States Office of Management and Budget

United States Office of Personnel Management

United States Social Security Administration

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Hacker Obama (HO): We Are From The Federal Government and We Are Here To Help You–Don’t You Believe Him!–Cash For Clunkers or Invasion of Privacy???

Posted on July 31, 2009. Filed under: Blogroll, Economics, Education, Employment, government spending, Investments, Law, liberty, Life, Links, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Video | Tags: , , , , , , |

UPDATED

Glenn Beck – The Government Removes Disclaimer,But Not The Law

 

Glenn Beck: Obama’s Giant Computer Worm Will Take Over The World!

 

Glenn Beck: The Man Who Conned America is Now The Biggest Hacker in The World—Barack Obama

 

Here you can go directly to the login page, which will load instantly and avoid the delays loading the page normally:

 

https://supplierpayments.esc.gov/OA_HTML/RF.jsp?function_id=28716&resp_id=-1&resp_appl_id=-1&security_group_id=0&lang_code=US&params=P0zQILIBWeGCk9LqBNM1oA

 

This application provides access to the DoT CARS system. When logged on to the CARS system, your computer is considered a Federal computer system and is the property of the United States Government. It is for authorized use only. Users (authorized or unauthorized) have no explicit or implicit expectation of privacy.

 

Any or all uses of this system and all files on this system may be intercepted, monitored, recorded, copied, audited, inspected, and disclosed to authorized CARS, DoT, and law enforcement personnel, as well as authorized officials of other agencies, both domestic and foreign. By using this system, the user consents to such interception, monitoring, recording, copying, auditing, inspection, and disclosure at the discretion CARS or the DoT personnel.

Unauthorized or improper use of this system may result in administrative disciplinary action and civil and criminal penalties.

Unauthorized attempts to defeat or circumvent security features, to use the system for other than intended purposes, to deny service to authorized users, to access, obtain, alter, damage, or destroy information, or otherwise to interfere with the system or its operation are prohibited. Evidence of such acts may be disclosed to law enforcement authorities and result in criminal prosecution under the Computer Fraud and Abuse Act of 1986 (Public Law 99-474) and the National Information Infrastructure Protection Act of 1996 (Public Law 104-294), (18 U.S.C. 1030), or other applicable criminal laws.

 

Peter Schiff Cash For Clunkers

 

Glenn Beck – 7/31/2009: Washington figures out people like handouts

 

First Person: ‘Cash for Clunkers’ a Forms Wreck

 

**Breaking** Cash for Clunkers Con = Car Dealers Stealing Millions in Bailouts?

 

Cash for Clunkers

Cash for “Clunkers”…

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Paulson Lied–Economy Died or Bailout Bolshevik Bureaucrats Corrupt Capitalism Credit China

Posted on November 13, 2008. Filed under: Blogroll, Economics, Employment, Investments, Life, Links, People, Politics, Quotations, Rants, Raves, Regulations, Resources, Security, Strategy, Taxes, Video | Tags: , , , , , , , , , , |

red_socialism

 obama_redistributor

http://thepeoplescube.com/red/viewtopic.php?t=2504

 

 

It seems that Wall Street genius and multi-millionaire, Treasury Secretary Henry Paulson, is admitting that the US Treasury will be following my and other people’s advice and not buying “troubled assets” and instead will be making loans to banks that need a temporary infusion of capital.

Bailout Bill vs. Rescue Economy American People (REAP) Law

Congratulations goes to Paulson for admitting he is human and makes mistakes.

 

Treasury Secretary Paulson’s news conference

 

 

11/12#3 Yoo Paulsen did you mislead Congress?

 

Pt 1 CNBC Panel Discusses Paulson’s Press Conf 11-12-08

 

Pt 2 – CNBC Panel Discussion Paulson Press Conf 11-12-08

 

Unfortunately by admitting that the United States was responsible for the creation of the subprime loan financial crisis, he is creating another problem.

This gives foreign governments such as the Peoples Republic of China, justification for asking for their money back. I suspect that this was one of the primary reason behind the bailout bill:

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

 

URGENT* BAILOUT BILL SELLS US TO CHINA (UPDATED)

 

I believe the American people have been mislead, lied to and not told the real reason behind the urgency of getting the bailout bill pass last month.  The game plan all along was to be able to buy back the “troubled assets” held by foreign governments that are also major holders of US government securitites. The original plan did not make sense to hundreds of economists and financial advisors including me.

Nations, most likely China among serveral others told the US government to either make them whole or they would stop buying and holding US Treasury bills and notes.
 

The Federal government should not be bailing out any business or government entities such as states or cities and never foreign nations and their financial institutions.

In doing so they taking money from other people and businesses that earn income and create wealth and giving it to businesses and government entities that have mismanaged their affairs and are losing money and destroying wealth.

This can occur directly by taxes on businesses or individuals or indirectly by printing money or issueing government debt to finance the bailout.

The latter eventually results in inflation or a general rise in prices.

This depreciates the value of money.

If any auto company is in financial trouble and cannot raise any additional equity capital or loans from banks, it should either seek a buyer for some or all of its assets or file for bankruptcy.

If union members in the auto industry want their jobs they should agree to drastic cuts in both wages, benefits and retirement and pension plans.

Sooner or latter, General Motors, Chrysler, and may be even Ford, will have no alternative but to go into bankruptcy.

One of the first things that will have to happen is the companies will seek to void all union labor contracts and retirees will lose most if not all of their pensions. The price of mismanagement and greed by executives and the leaders of the UAW will finally be paid. The day of reckoning is fast approaching.

Do not expect any sympathy from the American people:

“…Sizable pluralities of Americans are opposed to taxpayer-backed bailouts of the Big Three automakers, with 73% now worried the U.S. government will run out of money with all the demands being made on the federal treasury in the current economic crisis.

Forty-one percent (41%) of adult Americans are Very worried the government will run out of money, according to a new Rasmussen Reports national telephone survey. Only six percent (6%) are not worried at all.

Women are slightly more worried than men, Republicans more than Democrats, whites more than blacks, and younger Americans more than older ones. …”

http://www.rasmussenreports.com/public_content/business/general_business/73_fear_u_s_will_run_out_of_money_if_more_are_bailed_out

The executives and union leaders would ran the auto industry only brought it upon themselves.

The federal government should never bailout any business no matter how big.

Businesses are free to succeed or fail.

Once the government starts bailing out businesses then other businesses in financial trouble just line up and ask for a bailout.

Government intervention in the economy with bailouts to those “too big to fail”, results in a misallocation of scarce resources including capital and labor to business that have mismanaged their business and away from companies that have been successful in creating wealth and jobs.

Those companies that are too big is the problem and bailouts are not the solution.

Troubled companies should try to downsize or fail.

Bailouts are using the law to plunder the American people’s assets.

I call it a stickup and stealing no matter how slick it is done.

Remember it was government intervention in the real estate mortage markets that is the root cause of the problem that resulted in the real estate bubble and current financial crisis.

More government intervention in the economy is only making the problem worse.

Government intervention in banning oil and gas exploration off the US coasts and ANWR impacted the supply of oil and eventually the price of gasoline went up.

The Federal government should stop trying to regulate the supply and demand of energy and deciding what type of vehicles the consumer should purchase.

The consumer should be sovereign as to the goods and services it wants to purchase.

Neither Congress nor the President should interfer with the American’s people freedom of choice.

Every time the federal government intervenes in the economy  the result is government failure resulting in economic recession if not depression.

Government intervention leads to more and more government intervention.

When will American elites learn that socialism is a failure and leads to more and more government coercion?

Just leave us alone and mind your own business.

Ban Bailouts and Stop Inflation Now!

 

sin1

 

Fox: Shep Smith on auto bailout: It’s not capitalism.


 

11-10-08 Ron Paul on Fox Business with Neil Cavuto discussing bailout

 

KILLBILL – TARP Same bailout plan with lipstick on it – Defazio

 

Newt with Greta on fixing the economy without a bailout

 

Lou Dobbs – Henry Paulson All Talk No Action!

 

The Bailout is for China?!?!

 

LOL

Bailout Blues

 

Government BAILOUT…

 

Let Economy fail…

 

Let Wall Street Burn…

CRISIS SUBPIME-THE LAST LAUGH- John Bird and John Fortune

 

Background Artilcles and Videos

Banks HOARDING TAXPAYER’s $$ NOT HELP HOMEOWNERS! Kashkari

 

First Look: Troubled Asset Relief Program (TARP)

 

Kudlow – TARP

 

“We’re Bailing Foreign Banks, Too, With Your $700 Billion”

“We’re Bailing Foreign Banks, Too, With Your $700 Billion”


 

Silly Money: Where did all the money go? (1 of 5)

 

Silly Money: Where did all the money go? (2 of 5)

 

Silly Money: Where did all the money go? (3 of 5)

 

Silly Money: Where did all the money go? (4 of 5)

 

Silly Money: Where did all the money go? (5 of 5)

 

Obama asks Bush to bail out Detroit now

Rick Moran
“…In their meeting yesterday, Barack Obama asked President Bush to allow the auto industry to tap into the $700 billion kitty passed by Congress to bail out the financial industry.

 

“…Obama will base his support for the bail out on the contingency that the auto-industry “go green” and make “cleaner, more energy efficient” vehicles.
That’s fine and dandy but that kind of recapitalization needs an awful lot of bread – a heck of a lot more than any numbers being thrown around so far ($50 billion is the most I’ve seen). You not only have the immediate crisis to deal with but then, on top of that, Obama wants Detroit to completely alter the way they do business.
You are talking about a massive investment in product redesign and retooling auto plants. If the financing were to be in the form of guaranteed loans, we should definitely balk at that kind of short sighted policy. The chances of one or more of the Big Three going under are pretty darn good at this point and if that were to happen, the taxpayer would be stuck holding the bag.
The cascade effect from the financial meltdown is now in full flow and its got to be stopped somewhere before the government gets their grubby paws on most major industries. The auto industry is a good place to start raising holy hell in opposition to a bail out. When an industry makes products that Americans don’t want whose fault is that? I would say everyone from the CEO down the to the workers on the line are to blame and throwing money at these incompetents is the worst thing we can do. …”
http://www.americanthinker.com/blog/2008/11/obama_asks_bush_to_bail_out_de.html

Hank Paulson Naked Emperor

By Michelle Malkin

“….Treasury Secretary Hank Paulson finally confirmed what lonely bailout opponents tried to tell the American public all along: The man doesn’t know what the hell he’s doing.

Paulson held a bazooka to taxpayers’ heads. He groveled on his knees in front of Democratic House Speaker Nancy Pelosi. He lured leaders from both political parties into linking arms in a panicked Chicken Little line dance for the beleaguered mortgage industry. Paulson demanded an unprecedented $700 billion troubled assets relief program for the good of the country. For the health of the housing market. For the survival of the economy. No time for deliberation. No time to review the failures of such interventionist approaches around the world. Now, now, now!

And now? The pulled-out-of-the-posterior “$700 billion” price tag has ballooned into the trillions. The “mortgage industry rescue” has expanded to banks, insurance companies, automakers, credit card companies, and possibly the entire national volume of consumer lending. Oh, and that vaunted “TARP” component, Paulson admitted this week, is nothing but a four-letter-word that rhymes with TRAP.

In September, Paulson offered his lofty pledge: “The ultimate taxpayer protection will be the stability this troubled asset relief program provides to our financial system, even as it will involve a significant investment of taxpayer dollars. I am convinced that this bold approach will cost American families far less than the alternative – a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion.” Two months later, Paulson’s conviction melted faster than microwaved butter. “Our assessment at this time is that this is not the most effective way to use TARP funds,” he sheepishly told the nation Wednesday.

Hey, who died and put Emily “Never mind” Litella in charge of the economy? …”

Senators to Paulson: You lied, TARP died

By Michelle Malkin 

 

 

“…Three GOP Senators have sent Treasury Secretary Hank “Never mind” Paulson a “joint letter of concern.” I’ll have more on this abominable subject in my syndicated column tomorrow.

Joint Letter of Concern to Secretary Paulson After His Announcement to the Change Intent of the Troubled Asset Relief Program

November 13, 2008

Dear Secretary Paulson:

We are writing to express our deep concern over your announcement this morning that the Department of the Treasury will halt all plans to purchase trouble mortgage assets through the Troubled Asset Relief Program (TARP). We are concerned that the program has been fundamentally changed from its original intent and worry that continued changes may erode the structures of accountability put in to protect taxpayers.

When legislation authorizing the TARP was first proposed to members of Congress in mid-September, its primary component was a program to allow the Secretary of the Treasury to purchase “toxic” mortgage assets from financial institutions. The primary reason for this course of action, we were told, was to assist the market in discovering the price of these assets and to return liquidity to the financial markets.

At a hearing of the Senate Banking Committee on September 23, 2008, you made the following comments on the urgent necessity of a troubled asset purchase program:

We have proposed a program to remove troubled assets from the system. This troubled asset relief program has to be properly designed for immediate implementation and be sufficiently large to have maximum impact and restore market confidence. It must also protect the taxpayer to the maximum extent possible, and include provisions that ensure transparency and oversight while also ensuring the program can be implemented quickly and run effectively.

This troubled asset purchase program on its own is the single most effective thing we can do to help homeowners, the American people and stimulate our economy.

Although the legislation was passed on October 3, the program was never implemented and now has been officially abandoned in favor of alternative plans after little more than a month. Such a rapid reversal raises questions about the TARP’s original design as well as the propriety of future plans.

Congress never intended for the TARP to be a blank check that could be spent with unlimited discretion. To ensure proper boundaries are in place to protect the taxpayer, we hope and expect that congressional approval will be sought by the administration before further changes are made.

Sincerely,

U.S. Senator Tom Coburn, M.D., U.S. Senator Richard Burr, U.S. Senator David Vitter

 

Behold: An “auto czar”

By Michelle Malkin  

 

“The Master and Overlord Obama is ready to appoint an Auto Czar.

And the lame-duck George Bush is going along.

God save us from bipartisanship. …”

http://michellemalkin.com/2008/11/12/behold-an-auto-czar/ 

 

Bolshevik

“The Bolsheviks, originally also[1] Bolshevists[2] (Russian: Большевик, Большевист (singular) Russian pronunciation: [bəlʲʂɨˈvʲik], derived from bolshe, “more”) were a faction of the Marxist Russian Social Democratic Labour Party (RSDLP) which split apart from the Menshevik faction[3] at the Second Party Congress in 1903 and ultimately became the Communist Party of the Soviet Union.[4] The Bolsheviks seized power in Russia during the October Revolution phase of the Russian Revolution of 1917, and founded the Soviet Union.

Bolsheviks (or “the Majority”) were an organization of professional revolutionaries under a strict internal hierarchy governed by the principle of democratic centralism and quasi-military discipline, who considered themselves as a vanguard of the revolutionary proletariat. Their beliefs and practices were often referred to as Bolshevism.[5] The party was founded by Vladimir Lenin, who also led it in the October Revolution. …”

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

 

Bankruptcy in the United States

“…The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact “uniform Laws on the subject of Bankruptcies throughout the United States.” Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978, codified in Title 11 of the United States Code, commonly referred to as the Bankruptcy Code. The Bankruptcy Code has been amended several times since 1978, most recently in 2005 through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 or BAPCPA. Some law relevant to bankruptcy is found in other parts of the United States Code. For example, bankruptcy crimes are found in Title 18 of the United States Code (Crimes), tax implications of bankruptcy are found in Title 26 of the United States Code (Internal Revenue Code), and the creation and jurisdiction of bankruptcy courts are found in Title 28 of the United States Code (Judiciary and Judicial procedure).

While bankruptcy cases are always filed in United States Bankruptcy Court (units of the United States District Courts) and federal law governs procedure in bankruptcy cases, state laws are often applied when determining property rights. For example, law governing the validity of liens or rules protecting certain property from creditors (known as exemptions), derive from state law. State law therefore plays a major role in many bankruptcy cases and it is often unwise to generalize some bankruptcy issues across state lines. …”

“…Largest Bankruptcy

The largest bankruptcy in U.S. history occurred on September 15, 2008, when Lehman Brothers Holdings Inc. filed for Chapter 11 protection with more than $639,000,000,000 in assets[40], greater the next 15 largest bankruptcies put together.

The next 15 largest corporate bankruptcies are as follows[41]:

Company Bankruptcy Date Total Assets Pre-Bankruptcy
Lehman Brothers Holdings, Inc. 9/15/2008 $639,000,000,000 (approximate)
Worldcom, Inc. 7/21/2002 $103,914,000,000
Enron Corp. 12/2/2001 $63,392,000,000
Conseco, Inc. 12/18/2002 $61,392,000,000
Texaco, Inc. 4/12/1987 $35,892,000,000
Financial Corp. of America 9/9/1988 $33,864,000,000
Refco Inc. 10/17/2005 $33,333,172,000
Washington Mutual[42] 9/26/2008 $32,900,000,000
Global Crossing Ltd. 1/28/2002 $30,185,000,000
Pacific Gas and Electric Co. 4/6/2001 $29,770,000,000
UAL Corp. 12/9/2002 $25,197,000,000
Delta Air Lines, Inc. 9/14/2005 $21,801,000,000
Adelphia Communications 6/25/2002 $21,499,000,000
MCorp 3/31/1989 $20,228,000,000
Mirant Corporation 7/14/2003 $19,415,000,000
Delphi Corporation 10/8/2005 $16,593,000,000
First Executive Corp. 5/13/1991 $15,193,000,000

 

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

 

Troubled Assets Relief Program

The authority of the United States Department of the Treasury to establish and manage a Troubled Assets Relief Program (TARP) managed by a newly created Office of Financial Stability became law October 3, 2008, the result of an initial proposal that ultimately was passed by Congress as H.R. 1424, enacting the Emergency Economic Stabilization Act of 2008 and several other acts.[1][2] The law which created the fund authorized the Treasury to draw up to $250 billion for immediate use, then requires the President to certify that an additional $100 billion in funds are needed; a final $350 billion are subject to Congressional approval.[3] As of November 12, 2008, $290 billion of the first $350 billion allotment funding TARP has been allocated: $250 billion for bank equity infusions, and $40 billion for an equity infusion into insurer American International Group.[4] …”

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

 

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. 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, “he who pays the piper calls the tune.”

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.

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

 

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Bailout Bill vs. Rescue Economy American People (REAP) Law

The American People Want A Full Meal Buffett Deal–Not A Bailout!

Stop The Bailout: The American Elites’ Bum Rush of The American People–No Sale!

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