American People Do Not Trust Big Government Democratic and Republican Parties and The Political Elitist Establishment In Washington — New Political Party Formed When Independents Represent 50% or More of Voters — When? 2022 or 2024 — Fiscal Responsibility, Limited Constitutional Government, Consumption Tax Replacing All Federal Taxes, and Stopping All Legal and Illegal Immigration Exceeding 1 Million Persons Per Year, Replacing The Warfare and Welfare State With A Peace and Prosperity Economy — Jobs For Everyone — I Have A Dream — The Winner Takes It All — Part 1 — Videos

Posted on December 9, 2014. Filed under: American History, Banking, Blogroll, Business, Central Intelligence Agency (CIA), College, Comedy, Communications, Constitution, Crime, Crisis, Culture, Diasters, Documentary, Economics, Education, Energy, Faith, Family, Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, history, Homicide, Law, liberty, Life, Links, Literacy, media, Monetary Policy, Money, Music, Music, Natural Gas, Natural Gas, Oil, Oil, People, Philosophy, Photos, Politics, Radio, Radio, Raves, Resources, Security, Talk Radio, Tax Policy, Taxes, Technology, Video, War, Wealth, Weapons, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 384: December 8, 2014

Pronk Pops Show 383: December 5, 2014

Pronk Pops Show 382: December 4, 2014

Pronk Pops Show 381: December 3, 2014

Pronk Pops Show 380: December 1, 2014

Pronk Pops Show 379: November 26, 2014

Pronk Pops Show 378: November 25, 2014

Pronk Pops Show 377: November 24, 2014

Pronk Pops Show 376: November 21, 2014

Pronk Pops Show 375: November 20, 2014

Pronk Pops Show 374: November 19, 2014

Pronk Pops Show 373: November 18, 2014

Pronk Pops Show 372: November 17, 2014

Pronk Pops Show 371: November 14, 2014

Pronk Pops Show 370: November 13, 2014

Pronk Pops Show 369: November 12, 2014

Pronk Pops Show 368: November 11, 2014

Pronk Pops Show 367: November 10, 2014

Pronk Pops Show 366: November 7, 2014

Pronk Pops Show 365: November 6, 2014

Pronk Pops Show 364: November 5, 2014

Pronk Pops Show 363: November 4, 2014

Pronk Pops Show 362: November 3, 2014

Pronk Pops Show 361: October 31, 2014

Pronk Pops Show 360: October 30, 2014

Pronk Pops Show 359: October 29, 2014

Pronk Pops Show 358: October 28, 2014

Pronk Pops Show 357: October 27, 2014

Pronk Pops Show 356: October 24, 2014

Pronk Pops Show 355: October 23, 2014

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

 

Story 1: American People Do Not Trust Big Government Democratic and Republican Parties and The Political Elitist Establishment In Washington — New Political Party Formed When Independents Represent 50% or More of Voters — When? 2022 or 2024 — Fiscal Responsibility, Limited Constitutional Government, Consumption Tax Replacing All Federal Taxes, and Stopping All Legal and Illegal Immigration Exceeding 1 Million Persons Per Year, Replacing The Warfare and Welfare State With A Peace and Prosperity Economy — Jobs For Everyone — I Have A Dream — The Winner Takes It All — Part 1 — Videos

 

ABBA – I Have A Dream (From The Late Late Breakfast Show, England 1982)

Abba – The Winner Takes It All

Party Affiliation

Trend: Party affiliation in U.S. plus leaners

http://www.gallup.com/poll/15370/party-affiliation.aspx

 

U.S. Partisanship Shifts to GOP After Midterms

Story Highlights

  • U.S. partisanship shifts to net-Republican after midterms
  • GOP also made gains after 1994 and 2002 midterms
  • Democrats made gains following 2006 midterms

PRINCETON, N.J. — Since the Republican Party’s strong showing on Election Day last month, Americans’ political allegiances have shifted toward the GOP. Prior to the elections, 43% of Americans identified as Democrats or leaned toward the Democratic Party, while 39% identified as or leaned Republican. Since then, Republicans have opened up a slight advantage, 42% to 41%, representing a net shift of five percentage points in the partisanship gap.

U.S. Partisanship Before and After the 2014 Midterm Elections

The pre-election results are based on Gallup Daily tracking interviews with 17,259 U.S. adults, conducted between Oct. 1 and Nov. 4. The post-election interviews are based on 12,671 interviews conducted Nov. 5-30.

There have been similar “bandwagon” effects for the winning party in the past, including after the 1994 and 2002 midterm elections, when Republicans benefited, and after the 2006 election, when Democrats made gains.

U.S. Partisanship Before and After Recent Midterm Elections

The most dramatic shift occurred after the 1994 midterms, in which Republicans picked up more than 50 seats in the House of Representatives to gain a majority in that chamber for the first time in 40 years. Before the 1994 elections, Democrats enjoyed a four-point advantage in party affiliation, but after the GOP wave, Republicans emerged with a 12-point margin, for a total shift of 16 points in the gap.

In 2002, Republicans capitalized on the popularity of George W. Bush to accomplish the rare feat of having the president’s party gain seats in Congress in a midterm election. After that strong showing, partisanship moved from a five-point Democratic edge to a four-point Republican margin.

Four years later, with Bush’s job approval rating stuck below 40%, Democrats gained control of both houses of Congress. An already strong Democratic partisanship advantage of 14 points swelled to 22 points after the election.

Not every “wave” election has produced a distinct shift in a party’s advantage. The 1998 and 2010 midterms were also notable for their outcomes, but did not produce any apparent change in Americans’ basic party loyalties. In 1998, Democrats gained seats in the House even with a Democratic president in office. In 2010, Republicans gained a net of 63 seats in the House to win back control of that chamber. That year, the shifts in party allegiances seemed to be in place before the election, with the smallest Democratic edge seen in any recent midterm year. Consequently, in 2010 it appeared that shifts in party allegiances drove the election results, whereas in other years the election results seemed to produce shifts in party affiliation after the election.

The bandwagon effect can largely be explained by the amount of positive publicity given to the victorious party after its success. However, it is unclear why there would be a bandwagon effect following most midterm elections but not all of them.

No Clear Historical Pattern on How Long Post-Midterm Party Gains Last

One key question is how long the effects persist when they do occur. A review of the three elections with obvious bandwagon effects reveals no consistent pattern.

  • The 1994 Republican surge in partisanship was the largest and the longest lasting. Republicans maintained a healthy eight-point advantage in partisanship through December 1994, and an average four-point advantage from January through March 1995. By April, Democrats had regained a slight edge, and for the most part held it throughout the remainder of the year.
  • The 2002 Republican gains were fairly short-lived, evident in November and December and largely gone by January 2003. However, when the Iraq War commenced in March, Republicans saw another surge in partisanship.
  • The 2006 Democratic gains were the most brief, disappearing by December — though that still left the party with a healthy 12-point edge in partisanship.

Implications

The 2014 midterms were an unqualified success for the Republican Party. The GOP took control of the Senate and expanded its majority in the House, giving Republicans control of both houses of Congress for the first time since 2006. And that success has caused Americans to view the Republican Party more favorably than the Democratic Party, as well as to say congressional Republicans should have more influence than President Barack Obama over the direction the nation takes in the next year. Americans are also now more likely to align themselves politically with the Republican Party than the Democratic Party.

It is not clear how long these good feelings toward the GOP will last. That could be influenced by what Republicans do with their enhanced power. While they are unlikely to achieve many of their major policy objectives with a Democratic president in office, how they and the president navigate the key issues facing the nation over the next two years will go a long way toward determining where each party stands heading into the 2016 presidential election.

Survey Methods

Results for this Gallup poll are based on telephone interviews conducted Nov. 5-30, 2014, on the Gallup U.S. Daily survey, with a random sample of 12,671 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 ±1 percentage point at the 95% confidence level.

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/179840/partisanship-shifts-gop-midterms.aspx

Obama Loses Support Among White Millennials

Story Highlights

  • Obama job approval among whites aged 18 to 29 is down to 34%
  • White millennials’ approval only 3 points above older whites’
  • Obama approval remains much higher among nonwhite 18-29s

PRINCETON, N.J. — President Barack Obama’s job approval rating in 2014 among white 18- to 29-year-olds is 34%, three points higher than among whites aged 30 and older. This is the narrowest approval gap between the president’s previously strong support base of white millennials and older white Americans since Obama took office.

Obama Job Approval, Younger vs. Older Whites, and All Americans, 2009-2014

By contrast, the president’s approval rating was nine percentage points higher among younger whites in 2009, and 10 points higher in 2010. Additionally, while the president’s approval among younger whites matched his overall national rating in his first two years in office, it is now eight points below the national average. These data underscore the gradual erosion of the disproportionately strong support Obama received from young white voters as he took office in 2009 and ran for re-election in 2012.

The data are based on yearly averages from Gallup’s Daily tracking, including 2014 data through November.

Obama’s support among white millennials has factored into his two presidential election successes. Exit polls conducted after the 2012 election, for example, showed that Obama received 44% of the vote of white 18- to 29-year-olds, about six points higher than he received among whites aged 30 and older. Obama’s 45% job approval rating among 18- to 29-year-old whites in 2012 mirrored these voting results closely. But the president’s 11-point drop among white 18- to 29-year-olds since 2012 is almost double the six-point drop among the national population and among older whites.

Younger Whites’ Approval Now Closer to All Other Age Groups

From a broader perspective, there is relatively little difference today in Obama’s job approval ratings among whites in any of the four major age groups. Whites aged 30 to 49, as well as those 65 and older, have given Obama a 31% approval rating so far in 2014, with 50- to 64-year-olds coming in at 32% and 18- to 29-year-olds at 34%. The spread among age categories was slightly larger in the earliest years of the Obama administration.

Obama Job Approval Among Whites, by Age, 2009-2014

Support Down, but Still Higher Among Nonwhite Than Among White Young People

Although Obama’s approval rating has dropped among black, Hispanic and Asian 18- to 29-year-olds from 2009 to 2014, just as it has among white millennials, the president maintains a much higher level of support among these groups than among whites. Specifically, Obama’s approval is 80% among young blacks, 68% among young Asians, and 55% among Hispanic 18- to 29-year-olds — contrasted with his 34% approval among white young adults.

Age affects Obama’s approval ratings differently among each of these racial and ethnic groups. Obama does slightly less well among black young people than among older blacks, and significantly better among Asians younger than 50 than among those who are older. There is little significant difference in his approval rating by age within the Hispanic population.

Obama Job Approval, by Age and Race/Ethnicity, 2014

Implications

While Obama is significantly more popular among nonwhites than among whites, he was able to count on proportionately stronger support from young whites than older whites in his 2008 and 2012 presidential election campaigns. Now, his support among white millennials appears to be waning, and these young Americans give Obama an approval rating that is only marginally higher than that among older whites.

These findings demonstrate the general importance of race and ethnicity when one talks about Obama’s job approval ratings by age. Obama continues to enjoy higher approval ratings among all 18- to 29-year-olds — regardless of race or ethnicity — than he does among the general population, but this is largely attributable to younger age groups in the U.S. being disproportionately composed of nonwhites. In other words, a big part of the age gap in Obama’s approval ratings today is attributable not so much to differences in approval within racial or ethnic groups, but to the fact that the white population in the U.S. skews older, while the nonwhite population skews younger.

The white vote has become an increasing challenge for Democratic presidential candidates in recent years, as well as Senate candidates in many Southern and swing states. Just this past weekend, a lack of strong support among white voters was instrumental in incumbent Democratic Sen. Mary Landrieu’s loss in Louisiana’s senatorial runoff election. That loss gives the Republicans control of every southern Senate seat from Texas to the Carolinas. While Democrats are likely to be helped in coming years by a growing Hispanic population, Democratic presidential candidates — and senatorial candidates in many states — will continue to need the votes of a substantial minority of white voters in order to put together a winning coalition. Thus, Obama’s continuing loss of support among younger white voters highlights one of the potential challenges ahead for Democratic candidates in 2016.

Survey Methods

Results for this Gallup poll are based on telephone interviews conducted on the Gallup U.S. Daily survey from 2009 through November 2014, with random samples of approximately 355,000 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia for each of the 2009-2012 yearly samples; approximately 175,000 adults for 2013; and 163,847 adults for Jan. 2-Nov. 30, 2014. For results based on the total sample of national adults in each yearly average, the margin of sampling error is ±1 percentage point at the 95% confidence level. The margin of sampling error for each year’s age subgroups varies by sample size.

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/179921/obama-loses-support-among-white-millennials.aspx

how_congress_spends_your_money

About the bar chart and the U.S. Federal Budget.

Bar Chart Data Source: Monthly Treasury Statement (MTS) published by the U. S. Treasury Department. WE DON’T MAKE THIS UP! IT COMES FROM THE U. S. GOVERNMENT! NO ADJUSTMENTS.

The MTS published in October, reports the final actual expenditures for the previous FY. This chart shows FY2014 actual spending data. Here is the link to download your own copy from the Treasury Department web site.

The chart normally shows the proposed budget line for the next fiscal year (FY2015 started 1 October 2014), but Congress has not passed a “budget” for FY2015; we’re still using continuing resolutions to fund the federal government.

The Congressional Budget Office reported on the Federal Debt and the Risk of a Financial Crisis in this report on the non-budget.

NDAC Challenge: Look at the bar chart to find items that are growing and items that are being reduced. Example: One of the largest growth departments is at the Department of Agriculture; it handles Food Stamps (SNAP). You pay taxes, your money is paying for food stamps.

– – – – – – –

Here is a MUST SEE … The Budget in Pictures!

NDAC studies the Budget Proposals submitted to the U.S. Senate each year by the President of the United States and by the House of Representatives. The budget submissions include Budget Historical Tables published by OMB. Expenditures are shown in Table 4.1, scroll way right to find current years actuals and estimates. Our analysis is discussed on the home page of this web site.

“Deficit” vs. “Debt”

Suppose you spend more money this month than your income. This situation is called a “budget deficit”. So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you spend more than your income, another deficit, you must borrow some more, and you’ll still have to pay the interest on your debt (now larger). If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don’t have any money left over for anything else. This situation is known as bankruptcy.

“Reducing the deficit” is a meaningless soundbite. If theDEFICIT is any amount more than ZERO, we have to borrow more and the DEBT grows.

Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress’s appropriations. Here is a direct link to the Congressional Budget Office web site’s deficit analysis. We have to pay interest* on that huge, growing debt; and it dramatically cuts into our budget.

Cut spending??? What would you cut?
[All federal expenses are shown on the chart above].
And there is a lot of missing money! Where is it?
The Treasury Department has the third largest expense in the federal budget. Only Defense andentitlement programs (run by Departments of Health and Human Services, HUD, and Agriculture (food stamps)) spend more. As the debt increases, so does the interest payment. Entitlement spending is the largest item in our federal budget. Do you have “Compassion” for lower income earners? In FY2013 the U. S. Treasury Department spent $416 Billion of your money on interest payments to the holders of the National Debt.
Compare that to NASA at $17B,
Agriculture at $156B,
Labor at $80B,
Transportation at $76B!Can the federal budget be balanced? Here’s a video about that.
When you buy something, all the companies involved in producing and delivering it, were charged a wide range of taxes, and those costs are part of the price ofeverything you buy. The price of everything you buy will go up to cover any business tax increases.You are paying those corporate taxes! Read more about the proposed Energy Tax increases. So don’t forget that the price of fuel is in the cost of everything. The “Economic Stimulus” is shifting us from an “economic crisis” to a debt crisis!Consider this; if businesses could print their own money and give it away to customers so they could buy the products, many folks would be happy for a while; but the businesses would go bankrupt. Well, that’s what our government is currently doing, printing and giving away money.

 

  • It has been reported that about 50% of Americans pay no income tax. But, if those folks buy anything, they pay “embedded taxes”*. Here is a video about taxation.
    *[About 22% of the price of any product you buy is because of taxation on the companies that were involved in that product being produced and being at a place where it could be bought; and that’s before local sales taxes were added.] Every company must cover ALL its costs (including taxation) in the price of its product; or it will go bankrupt.

 

OPPOSING VIEWS AND MORE:

  • Government Programs always cost more than originally predicted. What about Healthcare?

**The Government cannot provide anything to anyone without first taking money from someone else to pay for it.

NOTABLE QUOTES

  • “For society as a whole, nothing comes as a ‘right’ to which we are ‘entitled’. Even bare subsistence has to be produced…. The only way anyone can have a right to something that has to be produced is to force someone else to produce it… The more things are provided as rights, the less the recipients have to work and the more the providers have to carry the load.” Thomas Sowell, quoted in Forbes and Reader’s Digest.
  • According to Mr. Kneeland, “…all dollars come from the people. Where do [you] think Coca-Cola gets the money to pay its taxes, Exxon gets its money to pay the Exxon Valdez fines, Denny’s gets the money to pay its Justice Department fines, or even Microsoft gets the money to defend itself? It all ultimately can come from only one place, and that’s from individuals.” ED: When you buy a product, the price of that product has to cover ALL the costs to get that product to you.
  • “A politician cannot spend one dime on any spending project without first taking that dime from the person who earned it. So, when a politician votes for a spending bill he is saying that he believes the government should spend that particular dollar rather than the individual who worked for it.” Neal Boortz.
  • “There is no such thing as government money – only taxpayer money.” William Weld, quoted in Readers Digest.
  • “Who will provide the roof to protect you from the rain, the heat to comfort you from the cold, and the coffee to fill your stomach when the damn, greedy capitalists are all gone?” – David Berresford, Thursday, May 20, 2010, Canada Free Press.
SOCIAL SECURITYis not part of the Federal Budget (General Fund). It is a separate account from the General Fund, and has its own source of income (“Payroll Tax”). Social Security payments go in the Social Security Trust Fund (SSTF), and should NOT be counted as general revenue. The SSTF is supposed to be used to pay benefits. But, the Government is under NO OBLIGATION to pay Social Security benefits, and has even borrowed substantially fromtheSSTF for general operations!As of August 2010, there is less being paid into the Social Security Trust Fund than is being paid out to beneficiaries. Social Security is now using its “surplus”.Other Government agencies borrowed from that trust fund, and now have to pay it back. But they already spent it! So how will they pay it back? Through bailouts and taxes. Here is a “must read” about the problem. Your payroll taxes are going into a bottomless hole!The Social Security Administration’s FAQ page about the Trust Fund, and their latestReport (May 2011) explain it well.Beware the term “Social Security Surplus”; there is no such thing. Social Security is aPonzi Scheme, there is never more in the Trust Fund than will ever be needed.

Social Security must be fixed. Here is a debate page. And here is more information on the Root Problem with Social Security.

The Government does not have any money, it does nothing to earn money (maybe defense). Government takes money from you and borrows more (from your children), then spends that! The bailouts of 2008 and 2009 are purely deficit spending. Expect to see enormous deficits in the forseeable future, leading to much more debt.Interest payments on that growing debt will become the largest item in the federal budget. On C-SPAN, President Obama boldly told Americans: “We are out of money.” In 1913, when the Federal Reserve was created with the duty of preserving the dollar, one 20-dollar bill could buy one 20-dollar gold piece. Today, fifty 20-dollar bills are needed to buy one 20-dollar gold piece. Under the Fed’s custody, the U.S. dollar has lost 98 percent of its value. The dollar is the storehouse of our wealth. Has the Fed faithfully safeguarded that storehouse? Thomas Jefferson said, “In questions of power let us hear no more of trust in men, but bind them down from mischief with the chains of the Constitution.”

http://www.federalbudget.com/

U.S. Debt Clock

http://www.usdebtclock.org/

where-did-your-tax-dollar-go-600americas-deficit-federal-spending-600spending-cuts-680budget-entitlement-programs-680national-defense-spending-680impact-medicare-spending-growth-680federal-spending-per-household-680

U.S. Debt Clock

http://www.usdebtclock.org/

The GOP’s ‘Cromnibus’ Compromise

Republicans look to strike back after the president’s executive action on immigration.

House Speaker John Boehner answers questions during his weekly press conference on Dec. 4, 2014, in Washington, D.C.

House Speaker John Boehner has acknowledged that there is no simple way for the GOP to undue the president’s executive action on immigration reform.

By Dec. 8, 2014
A perfect storm of historic dysfunction combined with a lame-duck Congress, a looming power change in the Senate, a budget deadline, the holidays and the countdown to the 2016 elections has not prodded lawmakers to make compromises or to do their basic budgetary work. It has, however, led to a brand-new Washington term. Enter the “cromnibus.”

That’s the name being assigned to a tortured GOP strategy to stick it to President Barack Obama and make a bold statement on immigration and border security – all while avoiding shutting down the federal government right before the holidays, a tactic that didn’t work out so well for the GOP when it happened last year.

Described as a trial balloon, the approach was floated by House Speaker John Boehner at the party’s Tuesday morning meeting last week. The GOP plan goes like this: Congress would pass an omnibus funding bill to keep almost the entire government running into September 2015. However, the Department of Homeland Security – the department that deals with the implementation of Obama’s executive action on immigration, which the Republicans hate – would limp along on a mere continuing resolution that would fund it until sometime next March. That would give Republicans time and opportunity to pressure the Obama administration into backing off its executive action somehow – or at least isolate the DHS budget so Republicans, who next year will control both the House and Senate, could deny the funds needed to implement the action. Meanwhile, House members were given a chance, before recessing for the year, to take what is widely regarded as a show vote to undo the executive action.

[READ: Republicans Use Gridlock Because It Works]

This way, lawmakers explained, House Republicans can vent about border security, Obama and the use of an executive action to grant temporary legal status to more than 4 million people in the country illegally, all without suffering the political consequences of another government shutdown.

Boehner acknowledged that there’s no easy way for congressional Republicans to undo Obama’s executive action; rank-and-file members have thrown around ideas ranging from refusing to provide funds to implement the action to a lawsuit or impeachment.

Each has its logistical and political complications: Refusing to fund Homeland Security could make Republicans look like they don’t care about the safety of the nation’s citizens; a lawsuit (even if the House is deemed to have standing to sue) could cause a political backlash; and impeachment could lead to a repeat of 1998, when a similar action against former President Bill Clinton backfired against the GOP.

Pictured: Immigration reform protesters, left, and tea party protesters, right.

In countering Obama on immigration, the GOP has to weigh the interests of the Hispanic community against the ideals of the party’s base.

And Republicans must be mindful of two important constituencies in 2016 – the GOP base, which wants the action undone and might reject a presidential primary candidate who won’t commit to doing so, and the Hispanic community, which might align itself even more firmly against Republicans if the GOP commits to a policy that would break up families living here with temporary legal status.

“We’re looking at a variety of options, both for right now and when Republicans control both houses of the Congress next year,” Boehner, R-Ohio, told reporters. “Frankly, we have limited options and limited abilities to deal with it directly.”

Thus, GOP strategists have proposed the “cromnibus,” a compromise that would keep nearly all agencies and programs humming along until next September (since Congress has been unable to pass any of the appropriations bills that make up the federal budget) and avoid a government shutdown that would occur if nothing is done before the current continuing resolution expires Dec. 11.

[ALSO: NSA Reform Axed From ‘Cromnibus’]

Meanwhile, Homeland Security would be put on a short budgetary leash until March. By that point, Republicans reason, they will be running both chambers of Congress and will be able to pass legislation excising funding for the part of the department that deals with the new executive action, killing it by starvation.

“The most effective thing we can do is to limit spending,” says Rep. John Fleming, R-La. While Fleming says Obama is assuming excessive powers as the nation’s chief executive, “we’ve got our own power – the power of the purse,” he adds.

Graphic quote by Rep. John Fleming, R-La.: "Republicans are blamed for everything, anyway. What difference does it make?”

But Fleming, like some other House conservatives, is irked by the idea that the House should wait until next year to go full-force against the immigration action – meaning Boehner may need House Democrats to get such a plan approved.

“I don’t think anybody wants a shutdown,” says Rep. Matt Salmon, R-Ariz. But “I think we have significant leverage.”

The simmering rebellion by House conservatives means Boehner is likely to continue to face the same internal divisions he’s had since 2011, when a wave of new tea party-aligned lawmakers gave the GOP the House majority and demanded a rightward turn in the way the party ran things. That pressure largely drove the 16-day government shutdown in October 2013 – a development polls showed Americans blamed on Republicans. So would the public also blame the GOP if Homeland Security does not get the cash it needs to keep Americans safe?

[MORE: Poll Finds Latino Boost for Obama]

“Republicans are blamed for everything, anyway – what difference does it make?” Fleming says.

However, Senate Democrats are determined not to end their reign with a shutdown, even if the GOP gets blamed for it. Getting almost all of the government funded until next fall would be “a big accomplishment,” Senate Majority Leader Harry Reid, D-Nev., told reporters.

Moreover, the GOP needs to worry about overreach, Democrats say. Any specific effort to undo the executive action is likely to be vetoed by Obama. That leaves Republicans in the same position as they were with the Affordable Care Act. They could hold a series of votes opposing it or defunding it, but none would get signed into law. And the difference with immigration, notes Rep. Elijah Cummings, D-Md., is that the substance of the order (as opposed to the process) is indeed popular with the public, in a way Obamacare is not.

“You’re talking about changing the trajectory of a family’s destiny for generations – that’s deep,” Cummings says.

Opposing Obama’s order as executive overreach might excite the GOP base, but Hispanic families are equally excited about the opportunity to stay intact in the U.S., he adds. For Boehner, the challenge may be keeping his Republican family united.

George Carlin – It’s a big club and you ain’t in it

Senator Ted Cruz: ” Let Me Be Clear, I Don’t Trust The Republicans ” – 5/22/13

Rush Limbaugh On Eric Garner, Fox News Criticism FULL INTERVIEW Rush Limbaugh Fox News Sunday

Krauthammer: A Gov’t Shutdown Would Be A Disaster For Republicans – Lou Dobbs – America’s Newsroom

Nation’s Debt Tops $18 Trillion As Dc Continues To Spend – Cavuto

U.S. Debt Clock

http://www.usdebtclock.org/

Urgent Issue Of Immigration & The Budget – Special Report 1st Segment

Americans: In Obama we don’t trust

President’s Unilateral Action on Immigration Undermines Americans’ Trust

***AMERICANS DONT TRUST THE GOVERNMENT *** there criminals.

Top 10 Government Lies – When said ‘Trust Us’

Krauthammer on Obama: American “People Think This Is Failed Presidency”

Why Shouldn’t I Work for the NSA? (Good Will Hunting)

U.S. Drones kill more people than ISIS: Chris Hedges

Chris Hedges, author, Pulitzer-prize winning journalist and polemicist discusses the importance of resistance to empire, and passionately condemns US foreign policy, saying “There is no difference between a beheading by ISIL and a US drone strike.”

Chris Hedges: The Absurdity of American Empire [FULL INTERVIEW]

Chris Hedges Call to Action to create “New Movements” replacing corrupt Government

George Carlin on American Foreign Policy – Bombing Brown People

The Best of George Carlin: Exposing our government and fall of humanity one joke at a time

The Pursuit Of Happyness – Job Interview

Best scene pursuit of happyness, Will Smith at his best

Motivational Speech from Pursuit of Happiness

Abba – Take A Chance On Me

ABBA – Thank You for the Music

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Will Governor Jerry Brown Challenge Hillary Clinton for Democratic Party Nomination For President in 2016? — Videos

Posted on February 27, 2014. Filed under: American History, Banking, Blogroll, Communications, Constitution, Economics, Employment, Faith, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, history, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Press, Private Sector, Public Sector, Radio, Rants, Raves, Security, Talk Radio, Tax Policy, Taxes, Unemployment, Unions, Video, War, Water, Wealth, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Story 1: Will Governor Jerry Brown Challenge Hillary Clinton for Democratic Party Nomination For President?- Videos

Jerry Brown declares California drought emergency

Water wars: California drought spawns political fight

Gov. Jerry Brown Delivers 2014 State Of The State Address

Calif. Gov. Jerry Brown Nixes 2016 Presidential Bid

Keynote Address: Gov. Jerry Brown

Jerry Brown for President?

Gov Jerry Brown 14-15 Budget Press Conference

John King, USA : CNN: Jerry Brown running on experience

CA Gov. Jerry Brown interview- media in politics (Merv Griffin Show 1981)

BAY AREA FLASHBACK – Jerry Brown Presidential Campaign (1976)

Brown rules out presidential bid

By Seema Mehta

Gov. Jerry Brown said Tuesday that he will not run for president in 2016, dashing political speculation that he might make a fourth bid for the White House.

“No, that’s not in the cards. Unfortunately,” he told reporters at a news conference before brightening about his current job: “Actually, California is a lot more governable.”

Brown, who ran for president in 1976, 1980 and 1992, was the subject of some speculation recently when his office did not categorically rule out another run, the governor was touting his work in California as a template for the nation and some activists named him as an alternative to former U.S. Secretary of State Hillary Clinton, who is weighing a bid.

Brown was in Riverside to discuss prisons, education and water policy with local officials, part of a two-day, three-city trip to inland portions of the state. He visited Bakersfield on Tuesday morning and Fresno on Monday. Last week, he unveiled his budget in Sacramento, San Diego and Los Angeles.

Brown is up for reelection this year and has raised millions for a bid. But he has been coy about his intentions.

Asked about the purpose of his travel schedule, Brown declared Bakersfield a “wonderful place,” said politics did not interest him and continued to demur about his intentions.

“We have time,” he said. “I’m not running yet.”

http://www.latimes.com/local/political/la-pc-brown-rules-out-presidential-bid-20140114,0,869179.story#ixzz2uIGedGZa

Jerry Brown breaks some hearts: won’t run for president in 2016

California Gov. Jerry Brown will not run for president in 2016, he said Tuesday.

The Los Angeles Times reported that Governor Moonbeam put to rest speculation that he might launch his fourth bid for president, 40 years after he first sought the Democratic nomination in 1976.

“No, that’s not in the cards. Unfortunately,” he said.

Brown raised eyebrows last month when he declined to outright deny interest in a bid. He has touted his efforts to deal with California’s economic woes as a model for the whole country, which some took as an indication that he was seeking a national stage.

“Things happen in California that are not happening in Washington,” Brown in October, the Los Angeles Times reported. “We can do a lot of things in California to shift the [political] climate throughout the whole country.”

But Brown quashed any hopes that he might wade into the mire of politics in Washington, D.C.

“Actually,” he told reporters, “California is a lot more governable.”

This would have been Brown’s fourth try for the Democratic presidential nomination. In 1992 he mounted a strong but ultimately unsuccessful run against Bill Clinton, winning support from The New York Times and other major publications for his flat tax proposal. Brown lost the nomination to Jimmy Carter in 1976 and 1980, during his first tenure as governor of the Golden State. His 1980 campaign prompted the Dead Kennedys to warn that Brown would create a “Zen Fascist” dictatorship in which kids would be forced to “meditate in school,” in their punk classic “California Über Alles.”

http://dailycaller.com/2014/01/15/jerry-brown-breaks-some-hearts-wont-run-for-president-in-2016/

Jerry Brown, urged to run for president, won’t rule out 2016 bid

|By Mark Z. Barabak

If he weren’t the nation’s oldest governor, a ripe 75, Jerry Brown would automatically be counted among serious Democratic candidates for president in 2016.

He boasts a household name, an impressive list of accomplishments in the country’s most populous state — a state some once deemed ungovernable — glowing national media coverage and a deep familiarity with the pitfalls and rigors of a White House bid, having run three times before.

Now, some are pushing Brown to consider another try for the White House, even if it means taking on Hillary Rodham Clinton, the prohibitive, if still undeclared, Democratic favorite.

“I think Jerry is precisely what America needs,” said Rose Ann DeMoro, the leader of a national nurses union and a strong political ally of Brown. “He has the courage of his convictions, which we haven’t seen in a very long while.”

Brown, who is up for reelection in 2014, has not yet stated his intention to seek another term, though he has raised millions of dollars for what would appear to be an easy campaign.

Asked if Brown would categorically rule out another presidential bid in 2016, a spokesman, Jim Evans, referred to a statement Brown made in May at a California Chamber of Commerce breakfast. Citing his past primary victories, Brown said “time is kind of running out on that.”

“I guess I’ll just have to stay and do the work of being the governor, which I actually enjoy because I have some perspective that I didn’t used to have,” Brown said.

The famously Delphic governor often leaves people guessing about his motivation and intentions, which leaves plenty of leeway ahead of 2016. Absent a clear-cut statement of disinterest from Brown — who sought the White House in 1976, 1980 and 1992 — some see familiar signs of a presidential-candidate-in-waiting.

The governor has widely touted California’s comeback and his record as a model for the rest of the country and, especially, a dysfunctional Washington, D.C. With support from an overwhelmingly Democratic legislature — and a combination of spending cuts and voter-approved tax hikes — Brown has brought the state’s deficit-ridden budget under control, overhauled the education finance system to benefit poorer students, pushed through major environmental initiatives and reaped the benefits — job growth, an improved housing market — of a slow but steady economic recovery.

“Things happen in California that are not happening in Washington,” Brown said during an October appearance at an electric-vehicle expo in San Francisco. “We can do a lot of things in California to shift the [political] climate throughout the whole country.”

In a victory lap a few weeks later, he traveled to the nation’s capital and ticked off the bills he had signed, including immigration-friendly legislation and laws promoting green energy. “We didn’t wait for the federal government,” he crowed.

At the same time, Brown has established himself as a moderating force in Sacramento, pushing back against liberals on issues such as gun control and business regulation, which, to some, suggests an effort to shed the kooky Left Coast image of his first time as governor, more than 20 years ago, and craft a more centrist profile ahead of 2016.

Edmund Gerald “Jerry” Brown, Jr. (born April 7, 1938) is an American politician who currently serves as the 39th Governor of California since 2011; he previously served as California’s 34th Governor[3] from 1975 to 1983. Both before and after his original two terms as Governor, Brown served in numerous state, local, and party positions. He was a member of the Los Angeles Community College District Board of Trustees (1969–1971), Secretary of State of California (1971–1975), chairman of the California Democratic Party (1989–1991), Mayor of Oakland (1999–2007) and Attorney General of California (2007–2011).

Brown sought the Democratic nominations for President of the United States in 19761980, and 1992, and was the Democratic candidate for the United States Senate in California in 1982, but was unsuccessful in those attempts. He is the son of Pat Brown, the 32nd Governor of California. On October 7, 2013, he became the longest-serving governor in California history measured by cumulative service.

As a consequence of the 28-year gap between his second and third terms, Brown has been both the sixth-youngest California governor(and the youngest since the 1860s) and the oldest California governor in history.

Early life, education, and career

Brown was born in San Francisco, California, as the only son of four siblings born to Bernice Layne Brown, and District Attorney of San Francisco and later Governor of California, Edmund Gerald “Pat” Brown, Sr.[4] His father was of half Irish and half German descent.[5]He was a member of the California Cadet Corps at St. Ignatius High School, where he graduated in 1955.[citation needed]

In 1955, Brown entered Santa Clara University for a year, and left to attend Sacred Heart Novitiate, a Jesuit seminary, intent on becoming a Catholic priest. Brown left the seminary after three years,[6] enrolling at the University of California, Berkeley in 1960, where he graduated with a Bachelor of Arts in 1961. Brown went on to Yale Law School and graduated with a Juris Doctor in 1964.[4] After law school, Brown worked as a law clerk for California Supreme Court Justice Mathew Tobriner.

Returning to California, Brown took the state bar exam and passed on his second attempt.[7] Brown then settled in Los Angeles and joined the law firm of Tuttle & Taylor. In 1969, Brown ran for the newly created Los Angeles Community College Board of Trustees, which oversaw community colleges in the city, and placed first in a field of 124.[8]

Secretary of State (1971–1975)

In 1970, Brown was elected California Secretary of State. Brown argued before the California Supreme Court and won cases againstStandard Oil of CaliforniaInternational Telephone and TelegraphGulf Oil, and Mobil for election law violations.[8] In addition, he forced legislators to comply with campaign disclosure laws. While holding this office, he discovered the use of falsely notarized documents to earn a tax deduction by then-President Richard Nixon. Brown also drafted and helped to pass the California Political Reform Act of 1974, Proposition 9, passed by 70% of California’s voters in June, 1974. Among other provisions, it established the California Fair Political Practices Commission.

Governor of California (1975–1983)

First term

California Chief Justice Donald Wright (left) swearing in Brown as Governor of California on January 6, 1975

In 1974, Brown ran in a highly contested Democratic primary for Governor of California against Speaker of the California Assembly Bob Moretti, San Francisco Mayor Joseph L. Alioto, Representative Jerome R. Waldie, and others. Brown won the primary with the name recognition of his father, Pat Brown, whom many people admired for his progressive administration.[9] In the General Election on November 5, 1974, Brown was elected Governor of California over California State Controller Houston I. Flournoy; Republicans ascribed the loss to anti-Republican feelings from Watergate, the election being held only ninety days after President Richard Nixon resigned from office. Brown succeeded Republican Governor Ronald Reagan, who had planned on retiring from office after serving two terms.

After taking office, Brown gained a reputation as a fiscal conservative.[10] The American Conservative later noted he was “much more of a fiscal conservative than Governor Reagan.”[11] His fiscal restraint resulted in one of the biggest budget surpluses in state history, roughly $5 billion.[12][13] For his personal life, Brown refused many of the privileges and perks of the office, forgoing the newly constructed governor’s residence and instead renting a modest apartment at the corner of 14th and N Streets, adjacent to Capitol Park in downtown Sacramento.[14] Instead of riding as a passenger in a chauffeured limousine as previous governors had done, Brown walked to work and drove in a Plymouth Satellite sedan.[15][16]

As governor, Brown held a strong interest in environmental issues. He appointed J. Baldwin to work in the newly created California Office of Appropriate Technology, Sim Van der Ryn as State Architect, Stewart Brand as Special Advisor, John Bryson as chairman of the California State Water Board. Brown also reorganized the California Arts Council, boosting its funding by 1300 percent and appointing artists to the council[8] and appointed more women and minorities to office than any other previous California Governor.[8] In 1977, he sponsored the “first-ever tax incentive for rooftop solar” among many environmental initiatives.[17] In 1975, Brown obtained the repeal of the “depletion allowance“, a tax break for the state’s oil industry, despite the efforts of lobbyist Joe Shell, a former intraparty rival to Richard M. Nixon.[18]

Like his father, Brown strongly opposed the death penalty and vetoed it as Governor, which the legislature overrode in 1977. He also appointed judges who opposed capital punishment. One of these appointments, Rose Bird as the Chief Justice of the California Supreme Court, was recalled by voters after a strong campaign financed by business interests upset by her “pro-labor” and “pro-free speech” rulings. The death penalty was only “a trumped-up excuse”[19] to use against her, even though the Bird Court consistently upheld the constitutionality of the death penalty.[20] In 1960, he lobbied his father, then Governor, to spare the life of Caryl Chessman and reportedly won a 60-day stay for him.[21][22]

Brown was both in favor of a Balanced Budget Amendment and opposed to Proposition 13, the latter of which would decrease property taxes and greatly reduce revenue to cities and counties.[23] When Proposition 13 passed in June 1978, he heavily cut state spending, and along with the Legislature, spent much of the $5 billion surplus to meet the proposition’s requirements and help offset the revenue losses which made cities, counties, and schools more dependent on the state.[12][23] His actions in response to the proposition earned him praise from Proposition 13 author Howard Jarvis who went as far to make a television commercial for Brown just before his successful reelection bid in 1978.[23][24] The controversial proposition immediately cut tax revenues and required a two-thirds supermajority to raise taxes.[25] Proposition 13 “effectively destroyed the funding base of local governments and school districts, which thereafter depended largely on Sacramento for their revenue”.[26] Max Neiman, a professor at the Institute of Government Studies at University of California, Berkeley, credited Brown for “bailing out local government and school districts” but felt it was harmful “because it made it easier for people to believe that Proposition 13 wasn’t harmful.”[17]

Second term

Brown won re-election in 1978 against Republican state Attorney General Evelle J. Younger. Brown appointed the first openly gay judge in the United States when he namedStephen Lachs to serve on the Los Angeles County Superior Court in 1979.[27] In 1981, he also appointed the first openly lesbian judge in the United States, Mary C. Morgan to the San Francisco Municipal Court.[28] Brown completed his second term having appointed a total of five gay judges, including Rand Schrader and Jerold Krieger.[29][30] Through his first term as Governor, Brown had not appointed any openly gay people to any position, but he cited the failed 1978 Briggs Initiative, which sought to ban homosexuals from working in California’s public schools, for his increased support of gay rights.[27]

In 1981, California Governor Jerry Brown, who had established a reputation as a strong environmentalist, was confronted with a serious medfly infestation in the San Francisco Bay Area. He was advised by the state’s agricultural industry, and the US Department of Agriculture’s Animal and Plant Health Inspection service (APHIS), to authorize airborne spraying of the region. Initially, in accordance with his environmental protection stance, he chose to authorize ground-level spraying only. Unfortunately, the infestation spread as the medfly reproductive cycle out-paced the spraying. After more than a month, millions of dollars of crops had been destroyed and billions of dollars more were threatened. Governor Brown then authorized a massive response to the infestation. Fleets of helicopters sprayed malathion at night, and the California National Guard set up highway checkpoints and collected many tons of local fruit; in the final stage of the campaign, entomologists released millions of sterile male medflies in an attempt to disrupt the insects’ reproductive cycle.

Ultimately the infestation was eradicated, but both the Governor’s delay and the scale of the action has remained controversial ever since. Some people claimed that malathion was toxic to humans, as well as insects. In response to such concerns, Brown’s chief of staff, B. T. Collins, staged a news conference during which he publicly drank a glass of malathion. Many people complained that, while the malathion may not have been very toxic to humans, the aerosol spray containing it was corrosive to car paint.

Brown proposed the establishment of a state space academy and the purchasing of a satellite that would be launched into orbit to provide emergency communications for the state—a proposal similar to one that was indeed eventually adopted. In 1979, an out-of-state columnist, Mike Royko, at the Chicago Sun-Times, picked up on the nickname from Brown’s girlfriend at the time, Linda Ronstadt, who was quoted in a 1978 Rolling Stone magazine interview humorously calling him “Moonbeam”.[31][32] A year later Royko expressed his regret for publicizing the nickname,[33] and in 1991 Royko disavowed it entirely, proclaiming Brown to be just as serious as any other politician.[34][35][36][37]

Brown chose not to run for a third term in 1982, and instead ran for the United States Senate, but lost to San Diego Mayor Pete Wilson. He was succeeded as Governor by George Deukmejian, then state Attorney General, on January 3, 1983.

Senate defeat and public life

In 1982, Brown chose not to seek a third term as governor, instead, Brown ran for the United States Senate for the seat being vacated by Republican S.I. Hayakawa. He was defeated by Republican San Diego Mayor Pete Wilson by a margin of 52% to 45%. After his Senate defeat, Brown was left with few political options.[38] Republican George Deukmejian, a Brown critic, narrowly won the governorship in 1982, succeeding Brown, and was reelected overwhelmingly in 1986. After his Senate defeat in 1982, many considered Brown’s political career to be over.[38]

Brown traveled to Japan to study Buddhism, studying with Christian/Zen practitioner Hugo Enomiya-Lassalle under Yamada Koun-roshi. In an interview he explained, “Since politics is based on illusions, zazen definitely provides new insights for a politician. I then come back into the world of California and politics, with critical distance from some of my more comfortable assumptions.”[39] He also visited Mother Teresa in Calcutta, India, where he ministered to the sick in one of her hospices.[40] He explained, “Politics is a power struggle to get to the top of the heap. Calcutta and Mother Teresa are about working with those who are at the bottom of the heap. And to see them as no different than yourself, and their needs as important as your needs. And you’re there to serve them, and doing that you are attaining as great a state of being as you can.”[39]

Upon his return from abroad in 1988, Brown announced that he would stand as a candidate to become chairman of the California Democratic Party, and won against investment banker Steve Westly.[41] Although Brown greatly expanded the party’s donor base and enlarged its coffers, with a focus on grassroots organizing and get out the vote drives, he was criticized for not spending enough money on TV ads, which was felt to have contributed to Democratic losses in several close races in 1990. In early 1991, Brown abruptly resigned his post and announced that he would run for the Senate seat held by the retiring Alan Cranston. Although Brown consistently led in the polls for both the nomination and the general election, he abandoned the campaign, deciding instead to run for the presidency for a third time.

In 1995, with Brown’s political career at a low point, in the motion picture Jade, the fictional Governor of California tells an assistant district attorney to drop a case, “unless you want as much of a future in this state as Jerry Brown.” The assistant DA responds “Who’s Jerry Brown?”

Presidential bids

1976

Brown first ran for the Democratic nomination for President in March 1976, after the primary season had begun, and over a year after some candidates had started campaigning. Brown declared, “The country is rich, but not so rich as we have been led to believe. The choice to do one thing may preclude another. In short, we are entering an era of limits.”[42][43]

Brown’s name began appearing on primary ballots in May and he won in MarylandNevada, and his home state of California.[44] He missed the deadline inOregon, but he ran as a write-in candidate and finished in third behind Jimmy Carter and Senator Frank Church of Idaho. Brown is often credited with winning the New Jersey and Rhode Island primaries, but in reality, uncommitted slates of delegates that Brown advocated in those states finished first. With support from Louisiana Governor Edwin Edwards, Brown won a majority of delegates at the Louisiana delegate selection convention; thus Louisiana was the only southern state to not support Southerners Carter or Alabama Governor George Wallace. Despite this success, he was unable to stall Carter’s momentum, and his rival was nominated on the first ballot at the 1976 Democratic National Convention. Brown finished third with roughly 300 delegate votes, narrowly behind Congressman Morris Udall and Carter.

1980

In 1980, Brown challenged Carter for renomination. His candidacy had been anticipated by the press ever since he won re-election as governor in 1978 over the Republican Evelle Younger by the largest margin in California history, 1.3 million votes. But Brown had trouble gaining traction in both fundraising and polling for the presidential nomination. This was widely believed to be the result of the more prominent candidate Senator Ted Kennedy of Massachusetts. Brown’s 1980 platform, which he declared to be the natural result of combining Buckminster Fuller‘s visions of the future and E. F. Schumacher‘s theory of “Buddhist economics“, was much expanded from 1976. His “era of limits” slogan was replaced by a promise to, in his words, “Protect the Earth, serve the people, and explore the universe.”

Three main planks of his platform were a call for a constitutional convention to ratify the Balanced Budget Amendment, a promise to increase funds for the space program as a “first step in bringing us toward a solar-powered space satellite to provide solar energy for this planet,”[45] and, in the wake of the 1979 Three Mile Island accident, opposition to nuclear power. On the subject of the 1979 energy crisis, Brown decried the “Faustian bargain” that he claimed Carter had entered into with the oil industry, and declared that he would greatly increase federal funding of research into solar power. He endorsed the idea of mandatory non-military national service for the nation’s youth, and suggested that the Defense Department cut back on support troops while beefing up the number of combat troops.

Brown opposed Kennedy’s call for universal national health insurance and opposed Carter’s call for an employer mandate to provide catastrophic private health insurance.[46] As an alternative, he suggested a program of tax credits for those who do not smoke or otherwise damage their health, saying: “Those who abuse their bodies should not abuse the rest of us by taking our tax dollars.”[46] Brown also called for expanding the use of acupuncture and midwifery.[46]

As his campaign began to attract more members of what some more conservative commentators described as “the fringe”, including activists like Jane FondaTom Hayden, andJesse Jackson, however his polling numbers began to suffer. Brown received only 10 percent of the vote in the New Hampshire primary, and he was soon forced to announce that his decision to remain in the race would depend on a good showing in the Wisconsin primary. Although he had polled well there throughout the primary season, an attempt to film a live speech in Madison, the state’s capital, into a special effects-filled, 30-minute commercial (produced and directed by Francis Ford Coppola) was disastrous.[47]

1992

When Brown announced his intention to run for president against President George H.W. Bush, many in the media and his own party dismissed his campaign as having little chance of gaining significant support. Ignoring them, Brown embarked on a grassroots campaign to, in his own words, “take back America from the confederacy of corruption,careerism, and campaign consulting in Washington”.[48] In his stump speech, first used while officially announcing his candidacy on the steps of Independence Hall in Philadelphia, Pennsylvania, Brown told listeners that he would only be accepting campaign contributions from individuals and that he would not accept over $100.[49] Continuing with his populistreform theme, he assailed what he dubbed “the bipartisan Incumbent Party in Washington” and called for term limits for members of Congress. Citing various recent scandals onCapitol Hill, particularly the recent House banking scandal and the large congressional pay-raises from 1990, he promised to put an end to Congress being a “Stop-and-Shop for the moneyed special interests“.

As Brown campaigned in various primary states, he would eventually expand his platform beyond a policy of strict campaign finance reform. Although he focused on a variety of issues throughout the campaign, he highlighted his endorsement of living wage laws and opposition to free trade agreements such as NAFTA; he mostly concentrated on his tax policy, which had been created specifically for him by Arthur Laffer, the famous supporter of supply-side economics who created the Laffer curve. This plan, which called for the replacement of the progressive income tax with a flat tax and a value added tax, both at a fixed 13 percent rate, was decried by his opponents as regressive. Nevertheless, it was endorsed by The New York TimesThe New Republic, and Forbes, and its raising of taxes on corporations and elimination of various loopholes which tended to favor the very wealthy, proved to be popular with voters. This was, perhaps, not surprising, as various opinion polls taken at the time found that as many as three-quarters of all Americans believed the current tax code to be unfairly biased toward the wealthy. He “seemed to be the most left-wing and right-wing man in the field… [calling] for term limits, a flat tax, and the abolition of the Department of Education.”[50] Brown scored surprising wins in Connecticut and Colorado and seemed poised to overtake Clinton.

Due to his limited budget, Brown began to use a mixture of alternative media and unusual fund raising techniques. Unable to pay for actual commercials, he used frequent cable television and talk radio interviews as a form of free media to get his message to voters. In order to raise funds, he purchased a toll-free telephone number, which adorned all of his campaign stances.[51] During the campaign, Brown’s repetition of this number combined with the moralistic language used, led some to describe him as a “political televangelist” with an “anti-politics gospel”.[52]

Despite poor showings in the Iowa caucus (1.6%) and the New Hampshire primary (8%), Brown soon managed to win narrow victories in MaineColoradoNevadaAlaska, andVermont, but he continued to be considered a small threat for much of the campaign. It was not until shortly after Super Tuesday, when the field had been narrowed to Brown, former Senator Paul Tsongas of Massachusetts, and frontrunner Governor Bill Clinton of Arkansas, that Brown began to emerge as a major contender in the eyes of the press. On March 17, Brown forced Tsongas from the race when he received a strong third-place showing in the Illinois primary and then defeated the senator for second place in the Michigan primary by a wide margin. Exactly one week later, he cemented his position as a major threat to Clinton when he eked out a narrow win in the bitterly-fought Connecticut primary. As the press focused on the primaries in New York and Wisconsin, which were both to be held on the same day, Brown, who had taken the lead in polls in both states, made a gaffe: he announced to an audience of various leaders of New York City’s Jewish community that, if nominated, he would consider the Reverend Jesse Jackson as a vice-presidential candidate.[53] Jackson, who had made a pair of anti-semitic comments about Jews in general and New York City’s Jews in particular while running for president in 1984, was still despised in Jewish communities. Jackson also had ties to Louis Farrakhan, who said Judaism was a “gutter religion,” and with Yasir Arafat, the chairman of the Palestine Liberation Organization.[53] Brown’s polling numbers suffered. On April 7, he lost narrowly to Bill Clinton in Wisconsin (37%–34%), and dramatically in New York (41%–26%).

Although Brown continued to campaign in a number of states, he won no further primaries. Although overwhelmingly outspent, Brown won upset victories in seven states and his votes won to money raised ratio was by far the best of any candidate in the race.[54] He still had a sizable number of delegates, and a big win in his home state of California would deprive Clinton of sufficient support to win the Democratic nomination, possibly bringing about a brokered convention. After nearly a month of intense campaigning and multiple debates between the two candidates, Clinton managed to defeat Brown in this final primary by a margin of 48% to 41%. Although Brown did not win the nomination, he was able to boast of one accomplishment: At the following month’s Democratic National Convention, he received the votes of 596 delegates on the first ballot, more than any other candidate but Clinton. He spoke at the convention, and to the national viewing audience, yet without endorsing Clinton, through the device of seconding his own nomination. There was animosity between the Brown and Clinton campaigns, and Brown was the first political figure to criticize Bill Clinton over what became the Whitewater controversy.[51]

Mayor of Oakland (1999–2007)

Mayor Jerry Brown (left) with U.S. Senator Dianne Feinstein (middle) and San Francisco Supervisor Gavin Newsom (right).

What would become Brown’s re-emergence into politics after six years was in Oakland, California, an “overwhelmingly minority city of 400,000.”[55] Brown ran as an independent “having left the Democratic Party, blasting what he called the ‘deeply corrupted’ two-party system.”[55] Prior to taking office, Brown campaigned to get the approval of the electorate to convert Oakland’s weak mayor political structure, which structured the mayor as chairman of the city council and official greeter, to a strong mayor structure, where the mayor would act as chief executive over the nonpolitical city manager and thus the various city departments, and break tie votes on the Oakland City Council.[55] He won with 59% of the vote in a field of ten candidates.[55] The political left had hoped for some of the more progressive politics from Brown’s earlier governorship, but found Brown “more pragmatic than progressive, more interested in downtown redevelopment and economic growth than political ideology”.[56]

The city was rapidly losing residents and businesses, and Brown is credited with starting the revitalization of the city using his connections and experience to lessen the economic downturn, while attracting $1 billion of investments, including refurbishing the Fox Theatre, the Port of Oakland, and Jack London Square.[55] The downtown district was losing retailers, restaurateurs and residential developers, and Brown sought to attract thousands of new residents with disposable income to revitalize the area.[57] Brown continued his predecessor Elihu Harris‘s public policy of supporting downtown housing development in the area defined as the Central Business District in Oakland’s 1998 General Plan.[58] Since Brown worked toward the stated goal of bringing an additional 10,000 residents to Downtown Oakland, his plan was known as “10K.” It has resulted in redevelopment projects in the Jack London District, where Brown purchased and later sold an industrial warehouse which he used as a personal residence,[55] and in the Lakeside Apartments District near Lake Merritt. The 10k plan has touched the historic Old Oakland district, the Chinatown district, the Uptown district, andDowntown. Brown surpassed the stated goal of attracting 10,000 residents according to city records, and built more affordable housing than previous mayoral administrations.[57]

Brown had campaigned on fixing Oakland’s schools, but “bureaucratic battles” dampened his efforts. He concedes he never had control of the schools, and his reform efforts were “largely a bust”.[55] He focused instead on the creation of two charter schools, the Oakland School for the Arts and the Oakland Military Institute.[55] Another area of disappointment was overall crime. Brown sponsored nearly two dozen crime initiatives to reduce the crime rate,[59] although crime decreased by 13 percent overall, the city still suffered a “57 percent spike in homicides his final year in office, to 148 overall”.[55]

Attorney General of California (2007–2011)

Brown in 2009

In 2004, Brown expressed interest to be a candidate for the Democratic nomination for Attorney General of California in the 2006 election, and in May 2004, he formally filed to run. He defeated his Democratic primary opponent Los Angeles City Attorney Rocky Delgadillo 63% to 37%. In the general election, Brown defeated Republican State Senator Charles Poochigian 56.3% to 38.2%, one of the largest margins of victory in any statewide California race.[60] In the final weeks leading up to Election Day, Brown’s eligibility to run for Attorney General was challenged in what Brown called a “political stunt by a Republican office seeker” (Contra Costa County Republican Central Committee chairman and state GOP vice-chair candidateTom Del Beccaro). Plaintiffs claimed Brown did not meet eligibility according to California Government Code §12503, “No person shall be eligible to the office of Attorney General unless he shall have been admitted to practice before the Supreme Court of the state for a period of at least five years immediately preceding his election or appointment to such office.” Legal analysts called the lawsuit frivolous because Brown was admitted to practice law in the State of California on June 14, 1965, and had been so admitted to practice ever since. Although ineligible to practice law because of his voluntary inactive status in the State Bar of California from January 1, 1997 to May 1, 2003, he was nevertheless still admitted to practice. Because of this difference the case was eventually thrown out.[61][62]

As Attorney General, Brown represented the state in fighting death penalty appeals and stated that he would follow the law, regardless of his personal beliefs against capital punishment. Capital punishment by lethal injection was halted in California by federal judge Jeremy D. Fogel until new facilities and procedures were put into place.[63] Brown moved to resume capital punishment in 2010 with the execution of Albert Greenwood Brown after the lifting of a statewide moratoriumby a California court.[64] Brown’s Democratic campaign, which pledged to “enforce the laws” of California, denied any connection between the case and the gubernatorial election. Prosecutor Rod Pacheco, who supported Republican opponent Meg Whitman, said that it would be unfair to accuse Jerry Brown of using the execution for political gain as they never discussed the case.[65]

In June 2008, Brown filed a fraud lawsuit claiming mortgage lender Countrywide Financial engaged in “unfair and deceptive” practices to get homeowners to apply for risky mortgages far beyond their means.”[66][67] Brown accused the lender of breaking the state’s laws against false advertising and unfair business practices, the lawsuit also claimed the defendant misled many consumers by misinforming them about the workings of certain mortgages such adjustable-rate mortgages, interest-only loans, low-documentation loans and home-equity loans while telling borrowers they would be able to refinance before the interest rate on their loans adjusted.[68] The suit was settled in October 2008 after Bank of America acquired Countrywide. The settlement involved the modifying of troubled ‘predatory loans’ up to $8.4 billion.[69]

Proposition 8, a contentious voter-approved amendment to the state constitution that banned same-sex marriage was upheld in May 2009 by the California Supreme Court.[70][71] In August 2010, the U.S. District Court for the Northern District of California ruled that Proposition 8 violated the Due Process and the Equal Protection clauses of the Fourteenth Amendment to the United States Constitution.[72] Brown and then Republican Governor Arnold Schwarzenegger both declined to appeal the ruling.[73] The state appeals court declined to order the men to defend the proposition and scheduled a hearing in early December to see if there is “legal standing to appeal Walker’s ruling.”[74]

Governor of California (2011–present)

Third term

Brown at an campaign rally in Sacramento two days before the election

Brown announced his candidacy for governor on March 2, 2010.[75] First indicating his interest in early 2008, Brown formed an exploratory committee in order to seek a third term as governor in 2010, following the expiration of Governor Arnold Schwarzenegger‘s term.[76][77]

Brown’s Republican opponent in the election was former eBay president Meg Whitman. Brown was endorsed by the Los Angeles Times,[78] The Sacramento Bee,[79] the San Francisco Chronicle,[80] the San Jose Mercury News,[81] and theService Employees International Union.[82] Brown won the race 53.8% to Whitman’s 40.9%.

Brown was sworn in for his third term as governor on January 3, 2011, succeeding Republican Arnold Schwarzenegger. He will be up for re-election in 2014. Brown is working on a budget that would shift many government programs from the state to the local level, a reversal of trends from his first tenure as governor.[83]

On June 28, 2012, Governor Brown signed a budget that made deep cuts to social services with the assumption that voters would pass $8 billion in tax hikes in November 2012 to close California’s $15.7-billion budget deficit. “This budget reflects tough choices that will help get California back on track,” Governor Brown said in a statement.[84]

When asked by writer Marc Collins, in an article from Pacific Standard magazine on August 12, 2012, what the state needs to get back on track even if his initiative passes, Governor Brown remarked: “We need budget cuts. We need the continued growth of the economy for a long period of time. We’re suffering from the mortgage meltdown that killed 600,000 jobs in the construction industry. … We’re recovering from a national recession slowly—over 300,000 jobs [gained] since the recession. We’ve got a million to go. That needs to continue, but that depends not only on Barack Obama and the Congress and the Federal Reserve, but also on [German Chancellor Angela] Merkel, China, the European Union, and the self-organizing quality of the world economy. We need all that, which we don’t have control over. What we do have control over is managing affairs to win public regard and confidence, and technically we need to make these hard cuts that Democrats don’t want to make, but a gimmicky sort of budget won’t lend itself to voters passing new taxes.”[85]

In September 2012, Brown signed legislation sponsored by California State Senator Ted Lieu that prohibits protesters at funerals within 300 feet, with convicted violators punishable with fines and jail time; the legislation was in response to protests conducted by the Westboro Baptist Church.[86]

In the November 2012 general elections, voters approved Brown’s proposed tax increases in the form of Proposition 30. Prop 30 raised the state personal income tax increase over seven years for California residents with an annual income over US$250,000 and increased in the state sales tax by 0.25 percent over four years. It allowed the state to avoid nearly $6 billion in cuts to public education.[87]

Electoral history

Personal life

Anne Gust, Brown’s wife and the First Lady of California

A bachelor as governor and mayor, Brown attracted attention for dating high-profile women, the most notable of whom was singer Linda Ronstadt.[88] In March 2005, Brown announced his engagement to his girlfriend since 1990, Anne Gust, former chief administrative officer for The Gap.[89] They were married on June 18 in a ceremony officiated by Senator Dianne Feinstein in the Rotunda Building in downtown Oakland. They had a second, religious ceremony later in the day in the Roman Catholic church in San Francisco where Brown’s parents had been married. Brown and Gust live in the Oakland Hills in a home purchased for $1.8 million, as reported by The Huffington Post.[90]

Beginning in 1995, Brown hosted a daily call-in talk show on the local Pacifica Radio station, KPFA-FM, in Berkeley broadcast to major US markets.[39] Both the radio program and Brown’s political action organization, based in Oakland, were called We the People.[39] His programs, usually featuring invited guests, generally explored alternative views on a wide range of social and political issues, from education and health care to spirituality and the death penalty.[39]

The official gubernatorial portrait of Jerry Brown, commemorating his first period as Governor of California was painted by Don Bachardyand unveiled in 1984. The painting has long been controversial due to its departure from the traditional norms of portraiture.[91]

Brown has a long-term friendship with Jacques Barzaghi, his aide-de-camp, whom he met in the early 1970s and put on his payroll. Author Roger Rapaport wrote in his 1982 Brown biography California Dreaming: The Political Odyssey of Pat & Jerry Brown, “this combination clerk, chauffeur, fashion consultant, decorator and trusted friend had no discernible powers. Yet late at night, after everyone had gone home to their families and TV consoles, it was Jacques who lingered in the Secretary (of state’s) office.” Barzaghi and his sixth wife Aisha lived with Brown in the warehouse in Jack London Square; Barzaghi was brought into Oakland city government upon Brown’s election as mayor, where Barzaghi first acted as the mayor’s armed bodyguard. Brown later rewarded Barzaghi with high-paying city jobs, including Arts Director[citation needed]. Brown dismissed Barzaghi in July 2004.[92]

In April 2011 Brown had surgery to remove a basal-cell carcinoma from the right side of his nose.[93] It was announced in December 2012 that Brown was being treated for early stage (the precise stage and grade was not stated) localized prostate cancer with a very good prognosis.[94]

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

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U.S. Dirty Debt Bomb Exploding — The First Shock Wave Hits — National Debt Increases Record $328 Billion in One Day — National Debt Over $17 Trillion — By February Will Hit $17.5 Trillion — Videos

Posted on October 18, 2013. Filed under: Banking, Blogroll, College, Communications, Economics, Education, Employment, Federal Government Budget, Fiscal Policy, government spending, Inflation, Investments, IRS, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, People, Philosophy, Politics, Raves, Regulations, Tax Policy, Taxes, Video, War, Wealth, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 152: October 18, 2013

Pronk Pops Show 151: October 17, 2013

Pronk Pops Show 150: October 16, 2013

Pronk Pops Show 149: October 14, 2013

Pronk Pops Show 148: October 11, 2013

Pronk Pops Show 147: October 10, 2013

Pronk Pops Show 146: October 9, 2013

Pronk Pops Show 145: October 8, 2013

Pronk Pops Show 144: October 7, 2013

Pronk Pops Show 143: October 4 2013

Pronk Pops Show 142: October 3, 2013

Pronk Pops Show 141: October 2, 2013

Pronk Pops Show 140: September 30, 2013

Pronk Pops Show 139: September 27, 2013

Pronk Pops Show 138: September 26, 2013

Pronk Pops Show 137: September 25, 2013

Pronk Pops Show 136: September 24, 2013

Pronk Pops Show 135: September 23, 2013

Pronk Pops Show 134: September 20, 2013

Pronk Pops Show 133: September 19, 2013

Pronk Pops Show 132: September 18, 2013

Pronk Pops Show 131: September 17, 2013

Pronk Pops Show 130: September 16, 2013

Pronk Pops Show 129: September 13, 2013

Pronk Pops Show 128: September 12, 2013

Pronk Pops Show 127: September 11, 2013

Pronk Pops Show 126: September 10, 2013

Pronk Pops Show 125: September 9, 2013

Pronk Pops Show 124: September 6, 2013

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Segment 0: U.S. Dirty Debt Bomb Exploding  — The First Shock Wave Hits — National Debt Increases Record $328 Billion in One Day — National Debt Over $17 Trillion — By February Will Hit $17.5 Trillion — Videos

U.S. Debt Clock

http://www.usdebtclock.org/

Not Raising Debt Ceiling Won’t Put U.S. In Default – Ron Paul

tom_a_coburn_the_debt_bomb

Tom Coburn Tears Credit Card Poster On Senate Floor

GOP Sen. Tom Coburn Rips Up US Government Credit Card on TV, Gretchen Carlson Thanks Him

Coburn on Greatest Threat Facing the Country: Our Debt

Dr. Coburn addressing his colleagues in the Senate today, warning Congress of the dire consequences that will ensue if politics in Washington continues as usual: “Our country has a history of doing hard things. What we lack is leadership to call us to do those hard things. We find ourselves at a point in time where the greatest threat to our nation is our debt and our economy. We’re risking our future, not only our future economically but our future of liberty.”

Dr. Coburn on Charlie Rose on US Debt Crisis, Leadership Deficit in Washington

Senator Tom Coburn: Two Years Till Severe Debt Crisis

Senator Tom Coburn on the “Debt Bomb”

The Debt Bomb book Glenn Beck w/ Senator Tom Coburn on GBTV Stop Washington from Bankrupting America

Debt Ceiling, Gold, and Janet Yellen – Hype vs. Reality

“US’ DEBT BOMB CLOCK” IS TICKING!

Peter Schiff – Debt Ceiling Not The Problem; It’s the Lending Ceiling

Peter Schiff The Reality Is We’re Living In A Bubble And ALL

Bubbles Burst

[youtub3e=http://www.youtube.com/watch?v=mCISlJ_qOtU]

Obama Lies About the Implications of Raising the Debt Ceiling

USA: A Nation In Debt- A Ticking Time Bomb

Will Higher Tax Rates Balance the Budget?

How Raising Taxes Will Not Balance the Budget: More Evidence

U.S. debt jumps $300 billion — tops $17 trillion for first time

Does Government Have a Revenue or Spending Problem?

What If the National Debt Were Your Debt?

What Are the Dangers of Too Much Debt?

Why Not Print More Money?

How to Fix Our Fiscal Crisis

How Big Is the U.S. Debt?

Uploaded on Feb 11, 2011

For more details on the total Federal debt, start on slide 35 of this PowerPoint presentation: http://www.antolin-davies.com/present…

Economics professor Antony Davies illustrates the size the U.S. federal government’s debt and unfunded obligations. He breaks down the total U.S. debt and obligations into parts and compares them with the size of the GDP of countries around the world, showing the magnitude of America’s fiscal situation.

Want to give that graph a closer look? Prof. Davies has made it available on his website here:
http://www.antolin-davies.com/convent…

By Stephen Dinan

U.S. debt jumped more than $300 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.

The $328 billion increase is an all-time record, shattering the previous high of $238 billion set two years ago.

The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.

Under the law, that replenishing happens as soon as there is new debt space.

In this case, the Treasury Department borrowed $400 billion from other funds beginning in May, awaiting a final deal from Congress and Mr. Obama.

Usually Congress sets a borrowing limit, or debt ceiling, that caps the total amount the government can be in the red.

But under the terms of this week’s deal, Congress set a deadline instead of a dollar cap. That means debt can rise as much as Mr. Obama and Congress want it to, until the Feb. 7 deadline.

Judging by the rate of increase over the last five months, that could end up meaning Congress just granted Mr. Obama a debt increase of $700 billion or more.

Republicans initially sought to attach strings to the debt increase, but surrendered this week, instead settling on a bill that reopened the government and included some special earmark projects, but didn’t include any spending cuts.

Democrats insisted that the debt increase be “clean,” meaning without any strings attached. They say the debt increase only allows Mr. Obama to pay for the bills he and Congress already racked up, and that it doesn’t encourage new spending.

U.S. debt jumped more than $300 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.

The $328 billion increase is an all-time record, shattering the previous high of $238 billion set two years ago.

The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.

Under the law, that replenishing happens as soon as there is new debt space.

In this case, the Treasury Department borrowed $400 billion from other funds beginning in May, awaiting a final deal from Congress and Mr. Obama.

Usually Congress sets a borrowing limit, or debt ceiling, that caps the total amount the government can be in the red.

But under the terms of this week’s deal, Congress set a deadline instead of a dollar cap. That means debt can rise as much as Mr. Obama and Congress want it to, until the Feb. 7 deadline.

Judging by the rate of increase over the last five months, that could end up meaning Congress just granted Mr. Obama a debt increase of $700 billion or more.

Republicans initially sought to attach strings to the debt increase, but surrendered this week, instead settling on a bill that reopened the government and included some special earmark projects, but didn’t include any spending cuts.

Democrats insisted that the debt increase be “clean,” meaning without any strings attached. They say the debt increase only allows Mr. Obama to pay for the bills he and Congress already racked up, and that it doesn’t encourage new spending.

http://www.washingtontimes.com/news/2013/oct/18/us-debt-jumps-400-billion-tops-17-trillion-first-t/

Analysis: Debt fight dings U.S. Treasury bills’ status

By Richard Leong

(Reuters) – The safe-haven reputation of U.S. Treasury bills took a beating during the latest debt ceiling fight in Washington, and it won’t be regained soon, even after the last-minute deal to avert a threatened default.

The temporary agreement to lift the government’s debt limit may only pave the way for another political struggle between President Barack Obama and Republican lawmakers in early 2014 over the federal budget and borrowing levels.

While others measure the toll on the economy from the 16-day federal government shutdown, Wall Street is fretting over the future appetite for U.S. debt and its effect on federal borrowing costs.

During the next three-and-a-half months before the next debt ceiling deadline, the U.S. government might pay higher interest rates on its short-term debt.

Before the shutdown, the Treasury was selling one-month debt at next to nothing. The rise in yields as a result of the crisis will cost the Treasury an estimated $56 million more in interest payments than it would have incurred had this month’s auctions been sold in September.

While some one-month T-bill rates saw their yields decline to 0.02 to 0.03 percent after jumping above 0.70 percent less than 24 hours earlier, bills maturing in February still showed modestly elevated yields. If Washington repeats the battle that ended on Wednesday, bill rates would likely jump again.

“There’s a fundamental change in their risk profile. There’s a growing lack of confidence. It’s going to be problematic,” said Tom Nelson, chief investment officer at Reich & Tang, a New York-based cash management firm that oversees more than $33 billion in assets.

Investors are frustrated that they are forced to shun certain T-bill issues because of the self-imposed fiscal deadlines of politicians. Some of them want additional compensation to buy T-bills given the possibility of default every few months, even though most think the risk is very low.

Chances of a default seemed almost unfathomable three weeks ago before the debt ceiling showdown that accompanied the first partial government shutdown in 17 years.

“The reason you’re holding short Treasuries is because of their unparalleled safety and liquidity. If you’re not getting safety and liquidity, there’s no point in having them,” said Gregory Whiteley, who manages a $53 billion government bond portfolio at DoubleLine Capital in Los Angeles.

Before the political impasse ended, interest rates on T-bill issues set to mature in the second half of October through the first half of November hit five-year highs.

“This is the kind of volatility we have never seen. I’m afraid this will get worse and worse,” Reich’s Nelson said.

DEFAULT SKITTISHNESS

The surge in T-bill rates stemmed partly from major money market fund operators, including Fidelity, JPMorgan, BlackRock and PIMCO, dumping their holdings of T-bill issues that mature in the next four weeks because they were seen most vulnerable if the government did not raise the debt ceiling in time.

Reich’s Nelson took more drastic action.

He said he cleared his funds of all T-bills that mature between now and the end of the year and did not jump back to buy them, even after President Obama signed the debt ceiling deal into law before midnight.

In the meantime, default anxiety caused retail investors to rush to redeem their money fund shares.

Money funds posted their biggest weekly outflows in nearly a year, as assets fell $44.77 billion to $2.606 trillion in the week ended October 15, according to iMoneynet’s Money Fund Report.

The asset drop, while large, was still much less than the $103.21 billion plunge in the week ended August 2, 2011 during the first debt ceiling showdown between the White House and top Republican lawmakers.

COST OF A SHORT-TERM DEAL

A pick-up in interest costs, if it persists, would be a setback for the government as its deficit has been shrinking.

“There are costs associated with going through this each time, costs embedded into Treasuries securities, costs the Treasury has to incur in higher risk premiums at auction,” said Rob Toomey, associate general counsel at the Securities Industry and Financial Markets Association (SIFMA), on a call with reporters on Wednesday.

Bidding at last week’s one-month T-bill sale was the weakest since March 2009. Demand at this week’s bill auctions improved on hopes of a debt agreement, but interest rates remained higher than where they were almost three weeks ago.

Fitch Ratings on Tuesday warned it might strip the United States of its top AAA-rating due to the debt ceiling fight.

“This highlights the risk in the United States. It’s not good for investors. If investors want to diversify from the U.S., this gives them a reason to,” said Brian Edmonds, head of rates trading at Cantor Fitzgerald in New York.

Skittishness in owning T-bills hurt Wall Street firms too. The 21 primary dealers, those top-tier investment banks that do business directly with the U.S. Federal Reserve, are required to buy the debt issued by the government at auctions.

“There are too much uncertainties. That’s dangerous especially if you are a primary dealer when you have to underwrite Treasury debt,” said Edmonds.

http://www.reuters.com/article/2013/10/17/us-usa-fiscal-debtrisk-analysis-idUSBRE99G12R20131017

Debt ceiling 101: What you need to know

By Alexandra Thomas

If you’ve kept up with U.S. news at all lately, you might’ve heard this: If Congress and the White House cannot reach a deal on the debt ceiling crisis by October 17, the U.S. government won’t have enough money to pay its bills. That sounds pretty scary — especially if you’re not quite sure what it all means.

So what exactly is the debt ceiling, anyway? And how can it affect you?

The debt ceiling crisis is not the same as the partial government shutdown

Yes, it’s confusing to other people as well. Two very complicated crises are happening in Washington simultaneously, and both are happening because lawmakers cannot come to an agreement.

The government shut down because lawmakers couldn’t agree on a deal to fund the government before the start of the new fiscal year. The debt ceiling refers to debt outstanding — bills for which the government has already approved the spending and has already committed to paying.

The shutdown only slightly changes the government’s payment schedule. When the government is closed, the number of daily payments the Department of the Treasury needs to make decreases, since many things are closed. But even during the shutdown, the U.S. government is still required to make a lot of other payments, including Social Security, Medicare and interest on the debt. And these are big payments that may impact the livelihood of millions of Americans.

The Treasury Department says if the limit (the debt ceiling) isn’t raised, the government could default on the bills it owes, which could then lead to a financial crisis similar to the events of 2008.

What is the debt ceiling?

The debt ceiling is the borrowing limit that Congress has set for itself as a way to control government spending. The difference between the amount of money the U.S. government takes in and the amount of money it spends each year is called the deficit. The ongoing deficit then adds up to the overall debt.

Congress usually approves more spending than it collects in tax revenue, so the Treasury has to borrow the rest of the money from other government accounts and by issuing IOUs, in order to pay those bills. Congress sets a cap on how much debt the government can have — called the debt ceiling. The debt ceiling is the maximum amount the Treasury can borrow, and right now that limit is set at about $16.699 trillion.

Interactive: What’s up with the debt ceiling?

The U.S. government can borrow that amount, and no more, unless Congress votes to raise the debt ceiling.

In May, the government actually reached that limit, but over the past few months, the Treasury has been able to shuffle money around from various accounts to avoid taking on any more debt. That luxury is about to go away.

According to Treasury Secretary Jack Lew, the government will soon run out of money, except for about $30 billion, and the Treasury will either need to increase revenue or take on more debt — or it won’t be able to pay certain bills.

How the government funds its spending

The government funds its spending in two ways: taxes and borrowing. The government borrows money by issuing Treasury bonds, or IOUs. When someone buys a Treasury bond, they’re basically lending the government money and racking up interest on the loan, which the government pays each month. On October 17, the government owes an interest payment of about $13 billion — the first payment the government won’t be able to make without raising the debt ceiling.

The cap on borrowing applies to debt owed to the public, anyone who buys Treasury bonds and debt owed to federal government trust funds — such as those set up for Social Security and Medicare.

After October 17, the government will only be bringing in enough money to pay about 68% of its bills, according to a recent survey by the Bipartisan Policy Center. According to the center’s analysis, beginning on October 18, the Treasury will be about $106 billion short of making the $328 billion in payments that are already scheduled through November 15. Normally, when the debts are due, the government just issues new debts (by selling bonds), however if the government doesn’t have the full amounts it owes, certain payments will be delayed.

Who would be impacted if the government goes into default?

The government typically spends, or owes, about $10 billion per day for various things. And if the government can’t make those payments, the first people to be affected will be people who get pay or benefits from the government. That includes members of the military and people who receive benefits such as Social Security and Medicare. Here’s a breakdown of the dates when the government is supposed to pay some of its biggest bills:

Oct. 23: $12 billion in Social Security payments.

Oct. 31: $6 billion in interest on its debt.

Nov. 1: $58 billion in Social Security payments, disability benefits, Medicare payments, military pay and retiree pay.

So what happens if the government can’t pay those bills?

Ideally, the government would be able to prioritize which bills it pays first, but that’s not a realistic possibility because of how the Treasury payment system works. The Treasury issues about 100 million monthly payments through a computer system, which pays the bills automatically as they come due, according to the Bipartisan Policy Center. So, no one knows which checks will be issued at exactly what time. And if it begins making payments it doesn’t have the money for, checks will start bouncing. It’s just unclear at this point which ones would bounce.

So the government could pay some bills in full and delay others, or, it could delay all bills until it has enough money to pay each day’s bills in full. The problem with delaying them all is that, with each day that goes by, the total amount the government owes will continue to increase drastically.

Some federal contractors may accept an IOU, with higher interest, but people who depend on Social Security checks on a regular basis probably won’t want an IOU from the government that’s worth nothing right now. Plus, if the government misses a payment to bondholders, that could impact the stability of the U.S. bond market and confidence in the U.S. dollar.

If some payments are delayed, people could get payments, like Social Security checks, a few weeks late.

So what’s next?

Economists say missing the debt ceiling deadline won’t trigger an immediate recession. However, the longer Congress waits, the worse the problem could get.

According to Patrick O’Keefe, director of economic research at accounting firm Cohn Reznick, “Merely missing the debt ceiling deadline will not trigger a recession, but the risks will rise rapidly with each week after the deadline passes.”

Congress could agree on a short-term increase of the debt ceiling to allow the government to pay its bills, but a longer-term agreement must be reached eventually.

http://www.hlntv.com/article/2013/10/10/what-debt-ceiling-deadline-congress

BPC’s Debt Limit Projection: Key Takeaways

Unless the debt limit is increased, there will come a point when Treasury does not have enough cash to pay all bills in full and on time

On September 10, the Bipartisan Policy Center (BPC) released its comprehensive debt limit analysis for fall 2013. On May 19 of this year, the debt limit was reinstated at a new, higher level, after having been suspended since February. Upon its reinstatement, the U.S. found itself up against the debt limit with the Treasury Department continuing to operate through the limited borrowing authority provided by extraordinary measures.

In July, BPC had projected that the X Date – the point at which extraordinary measures and cash on hand are exhausted and Treasury can no longer meet all federal financial obligations in full and on time – would be reached between mid-October and mid-November. With updated government financial data and a more extensive analysis of daily transactions that will occur in September, October, and November, BPC has narrowed that projected window to October 18 – November 5. This range will be regularly updated in the coming weeks, as warranted by the data.

We have already hit the debt limit. The U.S. officially reached its statutory borrowing limit of about $16.699 trillion on May 19, 2013. (Technically, Treasury has stayed $25 million below the actual limit of $16,699,421,000,000 since that time). To raise additional funds for paying the nation’s obligations beyond that date, the Treasury Secretary has been using some of the approximately $303 billion in available extraordinary measures. As of August 31, roughly $108 billion of these measures remained. Unless the debt limit is increased, eventually there will come a point when Treasury does not have enough cash to pay all bills in full and on time, and the government will be forced to default on some of its obligations. BPC refers to this date as the “X Date.”

BPC now projects that the “X Date” will occur between October 18 and November 5. This represents a range, which can be thought of as a confidence interval. A more precise estimate is not yet appropriate due to the volatility of revenue and the nature of the government’s financial obligations leading up to and during this period. Furthermore, even BPC’s estimated range for the X Date is a projection, which is subject to some uncertainty. The most significant sources of uncertainty are the quarterly tax payments due in mid-September, which tend to be volatile, along with general economic conditions. While federal government revenue has been strong compared to the previous fiscal year – coinciding with greater employment, increased corporate earnings, and slow-but-steady economic growth – there is no guarantee that these trends will continue.

How will Treasury make payments on or after the X Date? We don’t know. This would be an unprecedented situation. If the X Date arrived on October 18 (the start of BPC’s X-Date window), we project that Treasury would be $106 billion short of making $328 billion in scheduled payments through November 15, meaning that 32 percent of those obligations would go unpaid.

In one scenario, Treasury might prioritize some payments over others; our full report provides an illustrative example. Treasury, however, may not find that it has the legal authority or the technical capability to do this (because such prioritization could require extensive reprogramming of computer systems, which may not be possible in a short timeframe). An alternative approach would be for Treasury to wait until enough revenue is collected to make an entire day’s worth of payments at a time, meaning that all payments would be made in turn, but everyone anticipating funds from the government would see delays. While payment delays would be short in the beginning (one or two days), they would quickly cascade. If Treasury were to delay payments in this manner, and the X Date were reached on October 18, for example, Social Security payments due on November 1 would not be received by beneficiaries until November 13.

In any scenario, we assume that Treasury would do whatever it could to ensure that interest on the debt is paid in full and on time.

Substantial debt is scheduled to roll over after the X Date. From October 18 through November 15, over $370 billion in debt is expected to mature. Normally, this would be rolled over in a standard procedure by issuing new debt. Uncertainty surrounding the debt limit, however, could force Treasury to pay higher interest rates on this newly issued debt. Also, while very unlikely, there is a possibility that in a post-X Date environment, Treasury may not have sufficient buyers to complete its standard auction operation.

How much would the debt limit need to be increased in order to get through next year? BPC has projected the magnitude of the debt limit increase necessary to enable Treasury to meet all obligations through calendar year 2014. An increase of approximately $1.1 trillion would be required. There is a great amount of uncertainty in this estimate, however, given the amount of time that is covered.

Expect more updates. BPC will continue to update and refine our X-Date estimates as new information becomes available. To learn more, view our full report.

http://bipartisanpolicy.org/blog/2013/09/10/bpc%E2%80%99s-debt-limit-projection-key-takeaways

Dollar Slips as Fed Worries Continue

Treasury Yields Fall as Investors Focus on Effects of Government Shutdown

By

MICHELE MAATOUK

Expectations that the Federal Reserve will have to keep its easy-money policies in place for longer following the partial U.S. government shutdown pushed the dollar close to its lowest point of the year against the euro and U.S. Treasury debt prices to their highest point since July.

Yields on the 10-year Treasury note, which move inversely to prices, touched 2.538%, the lowest level since July 24, according to CQG. The dollar continued its slide against major rivals, including the euro, the yen and the pound. The euro recently bought $1.3686 from $1.3676 late Thursday, while the pound fetched $1.6186 from $1.6165. The greenback traded at ¥97.71 from ¥97.93.

The drop in the dollar and the rise in Treasury debt prices were set in train earlier this week after lawmakers reached a temporary solution to raise the so-called debt ceiling, showing that investors doubt the Fed can start to reel in its stimulus measures—a process dubbed tapering—for as long as economic performance and data is compromised by the now-ended shutdown, and as long as the risk of repeat shutdowns lingers.

“As policy remains uber accommodative, the dollar has adjusted downwards,” said Scott Jamieson, head of multi-asset investing at Kames Capital in London, with $24 billion under management.

“While we have been inclined to see tapering next year, the market is only now coming to appreciate this,” said analysts at Brown Brothers Harriman. “After the September disappointment, surveys suggest that a majority shifted their expectations to December. Now in light of the fiscal drag and new uncertainty, the mid-January and mid-February limits on spending and debt issuance will loom large at the December Federal Open Market Committee meeting, and likely reduces the possibility of tapering then. The focus is likely to shift to the March 2014 FOMC meeting for the first tapering,” they said.

U.S. stocks traded mostly higher. The S&P 500 added 0.4% to 1740, pushing further into record territory. The Nasdaq Composite Index rose 0.8% to 3893. The Dow Jones Industrial Average lagged behind, dropping 0.2% to 15370.

On Thursday, stocks staged a late-session comeback that helped push the S&P 500 to an all-time high close of 1733.15.

European stocks edged higher, supported by the late bounce in the U.S. and encouraging Chinese growth figures.

Now that Congress has temporarily approved a bill to raise the debt ceiling, attention is likely to shift back to earnings and fundamentals. And as investors reassess their expectations for any withdrawal of stimulus from the Fed, all eyes will be on the economic data that was delayed by the partial government shutdown. The next focus will beSeptember’s nonfarm payrolls report, which is due on Oct. 22.

http://online.wsj.com/news/articles/SB10001424052702303680404579142850162694282

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History Repeats Itself on The Fiscal Cliff–House of Representatives Should Extend Bush Tax Rates Another Year–Let Obama Jump Off The Fiscal Cliff–Focus On Growing The Economy By Lowering Tax Rates and Balancing The Budget–Videos

Posted on December 2, 2012. Filed under: American History, Blogroll, Business, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, government spending, Health Care, history, Law, liberty, Links, Macroeconomics, Microeconomics, People, Philosophy, Politics, Raves, Resources, Tax Policy, Video, War, Wisdom | Tags: , , , |

Barack Obama-Taking Us Over a Cliff

Balancing the Budget Without Cutting Spending Would Cause Taxes to Skyrocket

America is running massive deficits, and a balanced budget requirement is often considered a way to rein in red ink.

Without serious entitlement and spending reforms, the level of taxes required to balance the budget would reach economically stagnating levels.

balancing-budget-680

Entitlement Spending Will Nearly Double by 2050

Spending on Medicare, Medicaid, Social Security, and the Obamacare subsidies will soar as 78 million baby boomers retire and health care costs climb.

Total spending on federal health care programs will more than double.

Future generations will be left with an untenable debt burden.

entitlement-spending-double

Tax Revenues Devoured By Medicare, Medicaid, and Social Security in 2045

Spending on Medicare, Medicaid, the Obamacare subsidies, and Social Security will devour all revenues by 2045.

Entitlement spending is already crowding out vital constitutional functions, such as defense.\

entitlements-historical-tax-levels

Robert Welch Accurately Predicted Fall Off Fiscal Cliff in 1974

Peter Schiff 2012 – Stop spending and consuming, start saving and producing! 

What is the Fiscal Cliff? Everything You Need To Know

Pat Buchanan: Republicans Should Stand Their Ground on Tax Hikes

Speaker Boehner: “I’m Determined to Solve Our Debt Problem. We Have a Serious Spending Problem”

Ouch! Geithner Is Busted Lying About Non-Existent War Savings

Timothy Geithner ‘This Week’ Interview: Fiscal Cliff is in the GOP’s Court 

Fiscal Cliff Explained – How Do We Land? Mike Maloney Gold & Silver Inc 

When Will the Real Fiscal Cliff Negotiations Begin?: ‘This Week’ Roundtable Discussion 

Ron Paul on Secession, Romney, Fiscal Cliff, the GOP’s Future and

Constitutional Conservatism or Die

Fiscal Cliff history lesson

Hear a history lesson about the fiscal cliff of 1990 known as the 1990 Budget summit agreement. It resulted in budget surpluses and balanced budgets for our federal government from 1994 until just after the attack of 9/11 of 2001. Elizabeth B. Letchworth is the only women in the United States Senate history to be elected by the Senate to serve as the U.S. Senate Secretary for the Majority for the Republicans. She is now a principal @ Congressional Global Strategy, LLC and owner of GradeGov.com

Related Posts On Pronk Palisades

Forward Off The Fiscal Cliff…Falling…Falling…Splat!–Videos

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The Big Squeeze–The Forced Downsizing of The U.S. Government–Rising National Debt Requires More Interest Payments–Cut Spending By At Least $1 Trillion Now!–Videos

Posted on April 1, 2012. Filed under: Banking, Blogroll, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Raves, Regulations, Unemployment, Video, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , |

Led Zeppelin – Stairway to Heaven Live (HD)

There’s a lady who’s sure all that glitters is gold
And she’s buying a stairway to heaven
When she gets there she knows, if the stores are all closed
With a word she can get what she came for
Ooh, ooh, and she’s buying a stairway to heaven

There’s a sign on the wall but she wants to be sure
‘Cause you know sometimes words have two meanings
In a tree by the brook, there’s a songbird who sings
Sometimes all of our thoughts are misleading
Ooh, it makes me wonder
Ooh, it makes me wonder

There’s a feeling I get when I look to the west
And my spirit is crying for leaving
In my thoughts I have seen rings of smoke through the trees
And the voices of those who stand looking
and it makes me wonder
really makes me wonder

And it’s whispered that soon if we all call the tune
Then the piper will lead us to reason
And a new day will dawn for those who stand long
And the forest will echo with laughter

GUITAR SOLO

If there’s a bustle in your hedgerow, don’t be alarmed now,
It’s just a spring clean from the May Queen
Yes, there are two paths you can go by, but in the long run
There’s still time to change the road you’re on
Ooh, it makes me wonder
Ooh, Ooh, it makes me wonder

Your head is humming and it won’t go, in case you don’t know
The piper’s calling you to join him
Dear lady, can’t you hear the wind blow, and did you know
Your stairway lies on the whispering wind

GUITAR SOLO

And as we wind on down the road
Our shadows taller than our soul
There walks a lady we all know
Who shines white light and wants to show
How everything still turns to gold
And if you listen very hard
The tune will come to you at last
When all is one and one is all, yeah
To be a rock and not to roll.

And she’s buying the stairway to heaven

The Debt Clock

http://www.usdebtclock.org/

Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel

Geithner Admits: Obligations In President’s Budget ‘Unsustainable’

Tim Geithner to Paul Ryan: “We don’t have a definitive solution… We just don’t like yours”

Paul Ryan: President’s Budget Ensures Government Can’t Keep Its Promises

The Deal with Jack Hunter: Ignoring Rand Paul’s Budget

Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?

Another Day Older & Deeper In Debt: Federal Deficit to Top $1 Trillion for Fourth Year

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

Unfunded Liabilities and Hidden Taxes

Stunning Finding: President’s Health Law Creates $17 Trillion In Unfunded Financial Obligations

The National Debt: A Primer and A Plan by George C. Christy

How Big Is the U.S. Debt?

Charlie Rose The Movie (Bloomberg) – In The Year 2525

Default America: Interest Suppressed

Kotlikoff Says Next Generation to Suffer From Fiscal Gap

Default America: Deflation vs Inflation

Default America: Ron Paul has already won

Ron Paul Ad – Plan

SPECIAL REPORT: Ron Paul’s Plan To Restore America

Balance the Budget NOW

The Crimes of the Century

Fed Reserve Caught Red Handed

Enron: The Smartest Guys in The Room

http://www.hulu.com/watch/337496/enron-the-smartest-guys-in-the-room

Why doesn’t the Federal Reserve just buy Treasury securities directly from the U.S. Treasury?

“…The Federal Reserve Act specifies that the Federal Reserve may buy and sell Treasury securities only in the “open market.” The Federal Reserve meets this statutory requirement by conducting its purchases and sales of securities chiefly through transactions with a group of major financial firms–so-called primary dealers–that have an established trading relationship with the Federal Reserve Bank of New York (FRBNY). These transactions are commonly referred to as open market operations and are the main tool through which the Federal Reserve adjusts its holdings of securities. Conducting transactions in the open market, rather than directly with the Treasury, supports the independence of the central bank in the conduct of monetary policy. Most of the Treasury securities that the Federal Reserve has purchased have been “old” securities that were issued by the Treasury some time ago. The prices for new Treasury securities are set by private market demand and supply conditions through Treasury auctions. …”

http://www.federalreserve.gov/faqs/money_12851.htm

Lackluster Five-Year Auction Weighs On Treasury Market

By REUTERS Posted 03/28/2012

“…U.S. Treasury prices fell Wednesday after weak demand for a debt sale dampened gains built on Federal Reserve Chairman Ben Bernanke’s assurances U.S. interest rates will remain low.

In a day of choppy trade, the lackluster reception for $35 billion in five-year notes overshadowed weaker than forecast durable goods orders that earlier lifted bond prices from session lows.

Another influence was the Fed’s purchase of $4.81 billion of Treasuries maturing between August 2020 and November 2021. The purchases helped the bond market erase its morning losses, leaving it flat to slightly higher by early afternoon before the Treasury auction.

Treasury losses widened when the stock market began to erase some of the day’s worst losses and the S&P 500 index clung to the 1,400 level, hurting the bid for safe-haven U.S. debt.

In afternoon trade, the benchmark 10-year Treasury note was down 5/32, its yield rising to 2.20% from 2.18% late on Tuesday.

RSC Budget Has Ambitious Targets, Needs More Policy Detail

“…The Republican Study Committee (RSC) has once again pushed the outside of the fiscal envelope, presenting a budget that reaches balance in just five years—twice as fast as the group’s proposal a year ago—through entitlement reforms, deep spending reductions, and no tax increases. This aggressive plan incorporates many elements of the House Budget Committee resolution, in some cases going further toward cutting spending.

The RSC budget[1] is a highly ambitious effort that moves as far and fast toward its goals as seems possible. It is not a perfect plan. It falls short in substantiating all its significant spending cuts with adequate substantive policy detail. But it draws another clear, sharp contrast with the President’s vision of ever-expanding government, higher spending, and more debt. …”

“…How the Plan Could Be Improved

Even with the strengths cited above, the RSC plan would benefit from more substantive policy detail on how it would achieve its $112 billion reduction in 2013 discretionary spending from the 2012 cap level of $1.043 trillion. This is a tall order that warrants a fuller description; it cannot be accomplished solely through the worthwhile but inadequate eliminations of the Corporation for Public Broadcasting, Legal Services Corporation, National Endowment for the Arts, and National Labor Relations Board.

On the entitlement side, the RSC should explore the effects of its large and rapid cuts in major programs such as Medicaid and CHIP. To be sure, the RSC does not have the same access to the Congressional Budget Office and other resources that budget committees do; but budgets should be driven more by policy than just numerical targets.

Testing the Boundaries

The RSC budget reflects the need to reverse the explosion of federal spending and debt that threatens the country’s economy—and to do so soon. It pushes hard toward the limits of government spending reduction and reform. However ambitious this budget seems, and notwithstanding its limitations, the convictions behind it should not be ignored.

Patrick Louis Knudsen is the Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Senior Policy Analyst Curtis S. Dubay contributed to this paper.”

http://www.heritage.org/research/reports/2012/03/analysis-of-the-budget-proposed-by-the-republican-study-committee

1,000 Days Without a Budget: Facts on the Senate’s Failure

“…Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass on leading, all to the detriment of the poor and middle class.

The budget process forces Congress to set priorities to protect the people’s money and put it to its appropriate use. Instead, the Democrat-controlled Senate has abdicated its responsibility. The result? The deficit is soaring, causing a looming tax burden and injecting uncertainty into the economy, leaving jobs and economic growth on the table. It’s no wonder the U.S. economy’s growth is so tepid.

As the 1,000th day nears, here are some facts about America’s budget and why the Senate must take action to be stewards of the people’s money as the Constitution requires:

  • The last time the Senate passed a budget was on April 29, 2009.
  • Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt.
  • As of January 20, the outstanding public debt stands at $15,240,174,635,409.
  • Interest payments on the debt are now more than $200 billion per year.
  • President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.)
  • The Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it.
  • In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation).
  • Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security. Total spending on federal health care programs will triple.
  • By 2050, the national debt is set to hit 344 percent of Gross Domestic Product.
  • Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels.
  • Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase. …”

http://blog.heritage.org/2012/01/20/1000-days-without-a-budget-facts-on-the-senates-failure/

http://thf_media.s3.amazonaws.com/2012/Countdown/senate-counter.html

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The President Obama Exposed As An Empty Suit That Negotiates In Bad Faith With No Democratic Party or Presidential Plan–All Talk and No Walk–Videos

Posted on July 23, 2011. Filed under: Banking, Blogroll, Business, Communications, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Inflation, Investments, Language, Law, liberty, Life, Links, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Strategy, Taxes, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , |

Obama:Cut Tax Breaks For Wealthy Before Cutting Medicare

 

Watch President Obama’s Full News Conference on Debt Talks’ Latest Breakdown

 

Charles Krauthammer: Obama At His Most Sanctimonious

 

U.S: Debt ceiling talks between Obama and Republicans collapse…

 

 

 

Obama: “We’ll walk you through this process”

 

Boehner: Where Is Obama’s Plan?

 

Rubio: “Hard To Compromise When The Other Side Does Not Have A Plan”

 

Michelle Malkin on Obama’s Whimpy Debt Plan and Debt Ceiling

 

Ron Paul discusses solution for US debt

 

Pass the FairTax and Balance The Budget starting Fiscal Year 2012, otherwise the American people will vote all of you out of office.

Both political parties are lying to the American people.

Neither political party can balance the budget.

For Fiscal Year 2012 the deficit will be about $1,000 billion.

This is not a balanced budget nor a balanced approach.

I am with Ron Paul.

No increase in the debt ceiling.

Start cutting the budget or cut your political throats.

The choice is all yours.

 

 

 

 

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Victor Gold: Invasion of the Party Snatchers–Videos

Posted on June 24, 2011. Filed under: American History, Blogroll, Communications, Economics, Federal Government, Foreign Policy, government, government spending, history, Inflation, Language, Law, liberty, Life, Links, People, Philosophy, Politics, Raves, Religion, Security, Strategy, Talk Radio, Taxes, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , |

 

 

“…Victor Gold wants his party back. Gold is the former press aide to Barry Goldwater and the former speechwriter and senior advisor for George H. W. Bush. He is incensed that the Neo-Cons and the Evangelical Right have betrayed the ideals of the conservative cause. Now he’s fighting back. A Republican insider for 40 years, Gold is ready to tell all about the war being waged for the GOP’s soul, the elder Bush’s opinion of his son’s presidency, the significance of the Democratic resurgence, and how Goldwater would have reacted to it all. Among Gold’s explosive disclosures is the truth about Cheney’s manipulation of George W., and the chilling, puppet-like role of the President amongst Neo- and Theo-Conservatives. “Entertaining, provocative . . . Mr. Gold is on to something.” -The Washington Times “For those disillusioned with the state of the GOP, this quick, uncompromising polemic provides substantial support, along with a large dose of cold comfort.” -Publishers Weekly “Like his political mentor Barry Goldwater, Gold pulls no verbal punches in telling the story of how the Bush-Cheney White House has made a mockery of the conservative values it claims to uphold.” -Frank Mankiewicz, former press secretary to Robert Kennedy and George McGovern’s campaign manager “Victor Gold unleashes a bitter yet comic blend of ferocity and ridicule at the neo-conservatives and theocrats who have taken over his party.”

 -Jules Witcover

http://www.barnesandnoble.com/w/invasion-of-the-party-snatchers-victor-gold/1019419946?ean=9781402247903&itm=1&usri=victor%2bgold

 

Victor Gold Speech pt1

 

Victor Gold Speech pt2

 

Victor Gold Speech pt3

 

Neo-cons: Invasion of the Party Snatchers Part 1

 

Neo-cons: Invasion of the Party Snatchers Part 2

 

Related Posts On Pronk Palisades

Neoconservatives–Not New and Not Conservative–American Empire Interventionists

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National Debt Ceiling Hit–No More Increases In The National Debt Ceiling–Live Within Your Means By Balanced Budgets–Spending=Tax Revenues–Videos

Posted on May 16, 2011. Filed under: American History, Banking, Blogroll, Books, Business, Communications, Economics, Employment, Energy, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, Natural Gas, Nuclear Power, Oil, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Talk Radio, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , |

Pronk Pops Show 28:May 18, 2011

Pronk Pops Show 27:May 9, 2011

Pronk Pops Show 26:May 5, 2011

Listen To Pronk Pops Podcast or Download Shows 27-28

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

 

http://online.wsj.com/article/SB10001424052748703421204576325583050561022.html

 

U.S. Debt Clock 

http://www.usdebtclock.org/

 

The National Debt Crisis

 

Obama/Boehner’s Phony Spending Cuts

 

Dan Mitchell, Cato Institute, Debt Ceiling

 

 

The Federal Debt Limit and Credible Commitment

 

Ron Paul On Raising the Debt Ceiling

 

Charles Krauthammer With Hannity: “Debt Ceiling Disaster!”

 

Debt Ceiling Debate [NBC: 5-09-2011]

 

Boehner: Ready to cut a deal on debt limit

 

Peter Schiff: “Refuse to allow the debt ceiling to be raised”

 

U.S. Senator Mike Lee Proposes a Constitutional Amendment to Limit Congress’ Spending

 

Spend, Spend, Spend

 

The Tea Party vs. John Boehner

 

US Debt Ceiling is $14.3 Trillion

 

The Debt Limit: Made Simple

 

Rep. Ryan on Debt Ceiling: “You Can’t Tax Your Way Out of This Problem”

 

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

 

 

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:  04/11

   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               333,156                222,500
     MARCH                                                                      150,894               339,047                188,153
     APRIL                                                                         289,543               330,030                 40,488

       YEAR-TO-DATE                                     1,309,439              2,179,337                869,898

 

http://www.fms.treas.gov/mts/mts0411.txt

 

 

 

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

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

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

Ryan Unveils Much Anticipated 2012 Budget Plan

Freeze Federal Government spending outlays at $2,500 billion and the National Debt Ceiling at $15,000 billion for the next five to seven years until the Constitutional Balanced Budget Amendment is passed by the states.

Pass the Balanced Budget Amendment.

 Pass the FairTax.

 

 

Which Budgets Are Balanced And Living Within The Means of The American People?

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

http://budget.house.gov/UploadedFiles/PathToProsperityFY2012.pdf

Democratic Party Budget Proposals

S-1 FY2012 President’s Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

 

Background Articles and Videos

Poll: Most Oppose Debt Limit Rise

“…House Republicans say that their budget, put together by Rep. Paul Ryan of Wisconsin, the Budget Committee chairman, will save Medicare and keep it secure for future retirees. Democrats say the opposite is true, that the GOP plan will end the entitlement program in its current form and force seniors to pay much more for their health care coverage.

The House passed the Republican plan last month, but it faces serious opposition in the Democratically controlled Senate.

The poll indicates that 60% of the public opposes raising the debt ceiling.

“One reason may be that while many Americans predict major problems if the debt ceiling were not increased, only one in six think it would create a crisis in the U.S.  And only a quarter think that the debt ceiling affects their personal financial situation a great deal,” says Holland. …”

http://www.frumforum.com/poll-majority-oppose-debt-limit-rise

The Truth About the Debt Ceiling and Default

By Sen. Pat Toomey

“…But Secretary Geithner knows that congressional delay in raising the debt limit will in no way cause a default on our national debt. If Congress refuses to raise the debt ceiling, the federal government will still have more than enough money to fully service our debt. Next year, about 7 percent of all projected federal government expenditures will go to interest on our debt. Tax revenue is projected to cover at least 70 percent of all government expenditures. So, under any circumstances, there will be plenty of money to pay our creditors.

Moreover, as the Congressional Research Service has noted, the Treasury secretary himself has the discretion to decide which bills to pay first in the event that a cash flow shortage occurs. Thus, it is he who would have to consciously, and needlessly, choose to default on our debt if the debt ceiling is not promptly raised upon reaching it. It takes a lot of chutzpah to preemptively blame congressional Republicans for a default only he could cause.

To be sure, absent an increase in the debt limit, the resulting sudden, drastic spending cuts would be very disruptive and undesirable. That is why I have always argued that we should raise the debt limit once we have adopted the needed spending cuts and budgeting reforms. But disruptive and undesirable spending cuts are not the same thing as a catastrophic default on our debt. …”

http://www.realclearpolitics.com/articles/2011/04/22/the_truth_about_the_debt_ceiling_and_default_109633.html

 

As Debt Limit Reached, Agreement Still Far Off

 

“…The U.S. government is expected to hit the $14.294 trillion debt ceiling Monday, setting in motion an uncertain, 11-week political scramble to avoid a default.

The Treasury Department said Monday it will stop issuing and reinvesting government securities in certain government pension plans, part of a series of steps designed to delay a default until Aug. 2.

The Treasury’s moves buy time for the White House and congressional leaders to reach a deficit-reduction agreement that could clear the way for enough lawmakers to vote to raise the amount of money Congress allows the nation to borrow.

Gene Sperling, director of the National Economic Council, said reaching the debt ceiling “should be a warning bell to the political system that it’s time to get serious about preserving our full faith and credit.” The Obama administration says a default would tip the U.S. back into a financial crisis.

But the pathway to a deal remains unclear, even to those doing the negotiating. The White House and Republicans are giving conflicting signals about how close they are to a deal. Vice President Joe Biden said last week the contours of an agreement were taking shape. House Speaker John Boehner painted a different picture Sunday, saying on CBS’s Face the Nation “I’m not seeing any real action.”

Many Republicans and some Democrats have said they won’t vote to increase the debt ceiling without an accompanying deal to cut spending or tackle such longer-term fiscal problems as health-care costs. They argue the debt ceiling is a good venue to force changes needed to help secure the nation’s solvency. …”

http://online.wsj.com/article/SB10001424052748703421204576325583050561022.html

Related Posts On Pronk Palisades

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

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

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

An American Tune–An American Dream–What Good Is Dreaming It If You Don’t Actually Do It?–I took the one less traveled by, And that has made all the difference–Living Within Ones Means–Videos

Posted on April 21, 2011. Filed under: Art, Blogroll, Books, Business, Comedy, Communications, Cult, Culture, Economics, Education, Employment, Entertainment, Federal Government, Fiscal Policy, government, government spending, Law, liberty, Life, Links, media, Monetary Policy, Music, People, Philosophy, Politics, Raves, Strategy, Talk Radio, Taxes, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , |

“All that we see or seem is but a dream within a dream.”

~Edgar Allan Poe

 

 Paul Simon – American Tune (1975)

Many’s, the time I’v been mistaken
And many times confused
Yes, and often felt forsaken
And certainly misused
But I’m all right, I’m all right
I’m just weary to my bones
Still, you don’t expect to be
Bright and bon vivant
So far away from home, so far away Irom home

And I don’t know a soul who’s not been battered
I don’t have a friend who feels at ease
I don’t know a dream that’s not been shattered
or driven to its knees
But it’s all right, it’s all right
We’ve lived so well so long
Still, when I think of the road
we’re traveling on
I wonder what went wrong
I can’t help it, I wonder what went wrong

And I dreamed I was dying
And I dreamed that my soul rose unexpectedly
And looking back down at me
Smiled reassunngly
And I dreamed I was flying
And high up above my eyes could clearly see
The Statue of Liberty
Sailing away to sea
And I dreamed I was flying

We come on the ship they call the Mayflower
We come on the ship that sailed the moon
We come in the age’s most uncertain hour
and sing an American tune
But it’s all right, it’s all right
You can’t be forever blessed
Still, tomorrow’s going to be another working day
And I’m trying to get some rest
That’s all I’m trying to get some rest

 ~Paul Simon

 

Simon and Garfunkel – American Tune

 President Barack Obama’s Plan For America

 

 

Congressman Paul  Ryan’s Pathway To Prosperity

 

Citizen Raymond Pronk’s  Takeoff To Peace and Prosperity

 

Eva Cassidy – Somewhere Over the Rainbow

  

 

Which Budgets Are Balanced And Are Living Within Ones Means?

 Obama’s Plan For America

Democratic Party Budget Proposals 

S-1 FY2012 President’s Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

 http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Ryan’s Pathway To Properity

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

 http://budget.house.gov/UploadedFiles/PathToProsperityFY2012.pdf

 

Pronk’s  Takeoff To Peace and Prosperity

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

 

Eva Cassidy – Chain Of Fools

 

What Good Is Dreaming It If You Don’t Actually Do It?

 

Milton Friedman on Libertarianism (Part 4 of 4)

 

The FairTax: It’s Time

 

Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveller, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same,

And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I–
I took the one less traveled by,
And that has made all the difference

~Robert Frost

 

 

Background Articles and Videos

“Extreme Spending”

Stop Spending Our Future – The Crisis

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

 

 

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

 

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

Eva Cassidy – Time After Time

 

Tennessee Waltz by Eva Cassidy

 

 

Eva Cassidy – Nightbird

 

 

 

Eva Marie Cassidy

“…Eva Marie Cassidy (February 2, 1963 – November 2, 1996) was an American vocalist known for her interpretations of jazz, blues, folk, gospel, country and pop classics. In 1992 she released her first album, The Other Side, a set of duets with go-go musician Chuck Brown, followed by a live solo album, Live at Blues Alley in 1996. Although she had been honored by the Washington Area Music Association, she was virtually unknown outside her native Washington, D.C. when she died of melanoma in 1996.

Four years later, Cassidy’s music was brought to the attention of British audiences when her version of “Over the Rainbow” was played by Terry Wogan on BBC Radio 2. Following the overwhelming response, a camcorder recording of “Over the Rainbow”, taken at the Blues Alley, was shown on BBC Two’s Top of the Pops 2. Shortly afterwards, the compilation album Songbird climbed to the top of the UK Albums Charts, almost three years after its initial release. The chart success in the United Kingdom and Ireland led to increased recognition worldwide; her posthumously released recordings, including three UK #1s, have sold more than ten million copies.[1] Her music has also charted top 10 positions in Australia, Germany, Sweden, Norway and Switzerland.[2] …”

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

Eva Cassidy – Autumn Leaves

  

 

Eva Cassidy-Songbird

Eva Cassidy – What a Wonderful World

 

 

“Beauty of whatever kind, in its supreme development, invariably excites the sensitive soul to tears.”

~Edgar Allan Poe

 

 

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Big Spender and Tax Hiker –President Barack Obama–Has Lost The Independents And His Losing His Progressive Radical Socialist Base–Can You Say One Term President–Videos

Posted on April 12, 2011. Filed under: American History, Blogroll, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Public Sector, Rants, Raves, Talk Radio, Taxes, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , |

Glenn Beck-04/12/11-A

 

Glenn Beck-04/12/11-B

 

Glenn Beck-04/12/11-C

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

Posted on April 11, 2011. Filed under: Blogroll, Communications, Culture, Economics, Fiscal Policy, government, government spending, Law, liberty, Life, Links, media, People, Philosophy, Politics, Private Sector, Public Sector, Rants, Raves, Talk Radio, Taxes, Technology, Union, Video, Wealth, Wisdom | Tags: , , , , , , |

Pronk Pops Show 23: April 12,  2011

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

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

The FairTax: It’s Time

 

EAT THE RICH!


 

Reagan on Balanced Budget

 

Shelby Introduces Balanced Budget Amendment to Constitution

 

Mark Udall Co-sponsors the Balanced Budget Amendment

 

Mark Levin “I feel that we can do great things.”

 

3/09/11: Sen. Rand Paul on balancing the budget

 

Sen Paul and DeMint at CR Rally

 

Mike Pence at Continuing Revolution Rally

 

Advice to Tea Partiers

 

Debt Ceiling Balanced Budget

 

New Tea Party Senator will push for balance budget amendment

 

Today’s Fight is Not the Main Event

 

Details on the Balanced Budget Amendment

 Requires the President to submit a balanced budget to Congress each February.
 Requires Congress to appropriate a balanced budget annually.
 Caps annual spending at 20% of the economy.
 Requires any tax increase be subject to 2/3 House and Senate approval.
 All above limitations can be waived by 2/3 majority or by simple majority in times of War or if Congress deems a military conflict to be an imminent risk to national security.
 There have been at least 15 attempts to pass a Balanced Budget Amendment.
 In 1997, passage of the amendment failed by 1 vote

 

Rand Paul and Mike Lee on “Glenn Beck” with Judge Napolitano 03/07/11

 

Fox News Reports on Hatch-Cornyn Balanced Budget Amendment 1-26-11


Hatch Introduces Balanced Budget Amendment

 

Inhofe: We Need a Balanced Budget Amendment Now More Than Ever

 

Inhofe Blasts Obama Budget and Federal Spending

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

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

http://www.treasurydirect.gov/govt/reports/pd/mspd/2011/opds032011.prn
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$2,500 Billion In Federal Spending Cuts Over Ten Years Proposed By Conservative Republican Study Committee Simply Will Not Balance The Budget–Not Enough–Walk The Talk–When The Going Gets Tough The Tough Get Going–Videos

Posted on January 22, 2011. Filed under: Blogroll, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Investments, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Rants, Raves, Regulations, Taxes, Video, Wealth, Wisdom | Tags: , , , , , |

U.S. Debt Clock

http://www.usdebtclock.org/

2.5 Trillion Dollar Budget Cut?

 

 Rep. John Campbell Explains Proposal to Cut $2.5 Trillion in Federal Spending

 

Spending Reduction Act featured on Fox News

 

It’s Simple to Balance The Budget Without Higher Taxes

 

There Are too Many Bureaucrats and They Are Paid too Much

 

Buchanan Demands Balanced Budget

 

We Must Cut Spending

 

 

Ron Paul: U.S. Government Must Admit Bankruptcy and Stop Cheating People with Devalued Money

 

Governor Rick Perry: Balance the Federal Budget

 

 

Peter Schiff – How the Government can Avoid Default

 

Interview With Senator-elect Rand Paul

 

 

Chinese Professor

 

In order to balance the Federal Budget in Fiscal Year 2012, Congress must cut spending by over $1,000 billion. 

If the proposed cuts were over two years and not over ten years, the tea party movement would be impressed with the proposed $2,500 billion cut in spending.

However, the Republican establishment and ruling class in Washington D.C. are at most talking about spending cuts  of about $100 billion.

This will not balance the budget.

Business as usual and “kicking the can” or problem” down the road” we simply not cut it.

Start by proposing the closing permanently of entire Federal Departments with up and down votes for each department.

Milton Friedman on Libertarianism (Part 4 of 4)

If the current representatives, Republicans and Democrats, refuse to cut spending and balance the Federal budget, the American people will find individuals to represent them in Congress and the Senate who will pass balanced Federal Budgets.

Back to the drawing boards or face defeat in 2012, 2014, and 2016.

I am not optimistic that the Republican Party establishment has the vision, will or courage to cut spending to levels that will balance the budget in Fiscal Year 2012 and in the future.

Both political parties are running the real risk that one or both parties will be replaced in the future by a political party that truly supports a constitutional limited Federal government with balanced budgets or surplus budgets.

I suggest the Republican Party get serious before the American people vote you out of office for failure to cut spending and balance the budget.

Reading the Constitution is fine, now it is time to not only talk the talk, but walk the walk–balance the budget from here on out!

Walk the Talk

 

Boom Boom – John Lee Hooker (1966)

 

When the going gets tough, the tough get going.

Billy Ocean – When The Going Gets Tough The Tough Get Going

First, freeze the budget at $2,500 billion for the next five years.

Do not increase the National Debt ceiling.

Pass and implement the FairTax in 2012.

Require that Federal expenditures be limited to 80% of FairTax revenues collected in the prior year.

The remaining FairTax revenues would go to pay down the national debt.

Then proceed with a balance budget amendment and repeal of the income tax Sixteenth Amendment to the U.S. Constitution.

Stop wasting time that you do not have.

Over thirty million American are seeking full time employment.

Get serious or else you will be voted out of office.

Listen to the wisdom of Yoda:

Yoda Wisdom

 

“Try not. Do or do not. There is no try.”

~Yoda

 

 

 Background Articles and Video

CIA Officer Explains New World Order’s Demise

Dr. Krauthammer’s Analysis of Paul Ryan’s Plan

Budget Chef Presents: How to Balance the Budget W/O Raising Taxes!

 

Reagan on Balanced Budget

 

Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.

 

GPS: Niall Ferguson – Part 1 – July 4, 2010

 

 

GPS: Niall Ferguson – Part 2 – July 4, 2010

 

House GOP group proposes $2.5T in budget cuts

“…Moving aggressively to make good on election promises to slash the federal budget, the House GOP today unveiled an eye-popping plan to eliminate $2.5 trillion in spending over the next 10 years. Gone would be Amtrak subsidies, fat checks to the Legal Services Corporation and National Endowment for the Arts, and some $900 million to run President Obama’s healthcare reform program. [See a gallery of political caricatures.]

What’s more, the “Spending Reduction Act of 2011″ proposed by members of the conservative Republican Study Committee, chaired by Ohio Rep. Jim Jordan, would reduce current spending for non-defense, non-homeland security and non-veterans programs to 2008 levels, eliminate federal control of Fannie Mae and Freddie Mac, cut the federal workforce by 15 percent through attrition, and cut some $80 billion by blocking implementation of Obamacare. [See a slide show of the top Congressional travel destinations.]

Some of the proposed reductions will surely draw Democratic attack, such as cutting the Ready to Learn TV Program, repeal of the Davis-Bacon Act, the elimination of the Energy Star Program, and cutting subsidies to the Woodrow Wilson Center. [See editorial cartoons about the GOP.]

Here is the overview provided by the Republican Study Committee: …”

http://news.yahoo.com/s/usnews/20110120/ts_usnews/housegoplists25trillioninspendingcuts

Should the House GOP’s $2.5 trillion in Proposed Cuts Become Law?

“….From foreign aid to mohair subsidies, from public broadcasting to the National Endowment for the Arts, the House GOP has its budget-trimming shears out and ready. The aim: cut $2.5 trillion in spending over the next 10 years. The “Spending Reduction Act of 2011” proposes a series of what are likely to be highly controversial cuts in an effort to get the federal debt and budget deficit on the right track. The plan suggests rolling spending levels for non-defense-related items back to 2008 levels for fiscal year 2011 and back to 2006 levels for 2012-2021. It also prohibits funding of the “Democrat government takeover of health care” or of any costs to legally defend that law.

http://www.usnews.com/opinion/articles/2011/01/21/0121publicopinion

By Catalina Camia, USA TODAY

“…A group of conservative House Republicans is hungry for more spending cuts, unveiling a plan to chop $2.5 trillion from the federal budget. 

The proposal by the House Republican Study Committee, which represents about two-thirds of the GOP conference, cuts deeper than leaders such as Budget Committee Chairman Paul Ryan would like.  

The group’s plan is driven by voters, including those in the Tea Party movement, who swept Republicans into the House amid promises to cut spending and reduce the nation’s debt.

“If we don’t do something like this, the Republican Party is going to be in trouble electorally in the next two years,” freshman Rep. Joe Walsh, R-Ill., said in The Washington Post.

“The voters sent us here to do this,” he said. …”

http://content.usatoday.com/communities/onpolitics/post/2011/01/house-republicans-spending-cuts-/1

 

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 Ronald Reagan – Curbing the Size of Government

 

It’s Simple to Balance The Budget Without Higher Taxes

 

Deficits are Bad, but the Real Problem is Spending

 

Milton Friedman on Libertarianism (Part 4 of 4)

 

The Optimum Size of Government

 

The Rahn Curve and the Growth-Maximizing Level of Government

 

Background Articles and Videos

Dan Mitchell From The Cato Institute On Government Spending

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David Stockman on TARP, the Fed, Ron Paul and Reagan [FULL VERSION]

 

The tea party movement supports limited constitutional representative government–limited in both size and scope by the United States Constitution.

The tea party movement demands not only massive cutting of Federal government spending but also fiscal responsibility with either balanced budgets or surplus budgets.

The tea party movement does not want a path to balanced budgets or a balanced budget amendment some time in the distant future.

The  tea party movement demands balanced budgets now!

With Federal Government revenues or taxes running just over $2,200 billion, Federal expenditures cannot exceed this level.

Current budget estimates for Fiscal Year 2012 are over $3,500 billion.

In other words Congress must cut approximately $1,300 billion to achieve a balanced budget.

Neither the Democrats nor Republicans have the will, vision and leadership required to balance the budget in Fiscal Year 2012 that starts October 1, 2011.

The Republicans are talking about spending cuts of $100 to $500 billion tops.

Ron Paul: U.S. Government Must Admit Bankruptcy and Stop Cheating People with Devalued Money

This would mean a Fiscal Year 2012 budget for expenditures of over $3,000 billion, not $2,200 billion to balance expenditures with estimated revenues.

The tea party movement is watching its representatives and senators to see what, if anything, they do to cut Federal spending and balance the budget.

Stop all this nonsense about a path to a balanced budget in three to five years.

President Reagan said the same thing and the Democrats guaranteed that this promise was never kept.

Reagan on Balanced Budget

 

Reagan Balanced Budget

 

Reagan; Taxes and Budget Deficit

 

Either enact  balanced budgets in Fiscal Year 2012 and 2013 or face defeat in the 2012 elections.

The choice is yours.

The American people are far ahead of the political establishment in Washington, D.C.

The tea party movement advice to members of Congress is either lead, follow or get out of the way.

Start with balanced budgets in Fiscal Year in 2012 and 2013.

Then pass the FairTax.

Business as usual will simply not cut it. 

The tea party movement wants a peace and prosperity economy and not a warfare and welfare economy.

 

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Controlling Leviathan: The Battle for Limited Government

 

 

Eight Reasons Why Big Government Hurts Economic Growth

 

The Optimum Size of Government

 

Milton Friedman on Libertarianism 

 

Lew Uhler on Responsible Government Spending 01

 

Lew Uhler – Cut the Size of Washington 02 SD

 

Lew Uhler – Right Size of Government 03 SD

 

 

Lew Uhler speaks on the Red State Uprising 04 SD

 

 Lew Uhler – Pay Check Protection 2012 05 SD

 

Optimal Size of Government Conference, Volume 1

 

 

Optimal Size of Government Conference, Volume 2

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Nat King Cole “The Party’s Over”

 

“The budget should be balanced, the Treasury should be refilled, public debt should be reduce, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instread of living on public assistance.”

~Marcus Tullius Cicero

 

“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”

~Thomas Jefferson

U.S. National Debt Clock

http://www.usdebtclock.org/

 

“If The Debt Limit Isn’t Increased It’s Going To Cause Problems” Ron Paul & Rand Paul Interview

 

Geithner Urges Lawmakers to Increase Federal Debt Limit

 

New National Debt Record

 

Congressman-Elect Mulvaney on Debt Ceiling

 

 

Peter Schiff – How the Government can Avoid Default

 

Debt Ceiling Balanced Budget

 

Boehner Floor Speech Opposing the Dems National Debt Limit Hike

 

DeMint Says No Lifting Debt Ceiling Without Cuts Then Can’t Name Any Specifics Besides Earmarks

 

Ron Paul to Congress: Refuse to Raise the Debt Ceiling!

 

Paul Ryan on debt ceiling increase: “A proud moment” for Speaker Pelosi?

 

 

Need for a Limited Government

 

We Must Cut Spending

 

Expert: Republicans Will Raise Debt Ceiling

 

Peter Schiff with Tom Woods – Government Nonsense

 

Bond bubble – with Peter Schiff and Marc Faber Aug 23-2010

 

More debt, please

 

 

END THE FED!

 

 

The Day the Dollar Died

 

 

 

The tea party movement wants constitutional government of limited size and scope.

This requires cutting Federal spending and balanced or surplus budgets.

This would require the cutting of Federal spending of over $1,000 billion from the current level of Federal expenditures to balance government revenues and outlays. 

If the budget is not balanced or in deficit with outlays exceeding revenues, then the national debt ceiling must be increased.

If the budget is balanced or outlays equal revenues, then the debt ceiling need not be increased.

If the budget is in surplus or revenues exceed outlays, then the debt ceiling can be lowered.

Yet the Republican Party is already talking about spending cuts of only $100 billion and a level of government outlays of 2008 which would mean an unbalanced budget or budget deficits and more debt.

Paul Ryan Says U.S. Will Avoid Defaulting on Debt

 

A $100 billion cut in spending is simply a joke when a balanced budget would require cuts of over $1,000 billion.

With estimated tax revenues of about $2,600 billion the budget for Fiscal Year 2011 needs to be cut by more than $1,000 billion dollars.

The tea party is already being sold out by the Republican Party establishment in Washington D.C.

Any Republican who votes for raising the debt ceiling is voting for more government budget deficits and more debt to make up the shortfall in tax revenues.

In other words these Republicans are not in favor of Constitutional limited government but business as usual.

Either vote for balanced budgets now or face defeat in November 2012.

Dan Mitchel with Cavuto if the Republicans won’t cut spending run them out of town

The real alternative to defaulting on the national debt is  cuts in Federal government spending levels that balance the budget.

The tea party movement wants Federal government spending to be cut and the debt ceiling to remain the same and eventually lowered.

Start closing Federal Departments and terminating Federal government employees.

The American people have had enough of both political parties out of control government spending and month after month of deficits spending and a rising national debt.

The Federal Government can avoid defaulting on the debt by immediately terminating Federal Government employees.

Where do make the cuts in spending?

How limited in size and scope  should the constitutional  republic of the United States be:

Milton Friedman on Libertarianism 

 

Lew Uhler on Responsible Government Spending 01

 

Lew Uhler – Cut the Size of Washington 02 SD

 

Lew Uhler – Right Size of Government 03 SD

 

 

Controlling Leviathan: The Battle for Limited Government

 

Eight Reasons Why Big Government Hurts Economic Growth

 

The Optimum Size of Government

 

Optimal Size of Government Conference, Volume 1

 

Optimal Size of Government Conference, Volume 2

 

Start by closing permanently the following Federal Departments:

1. Department of Agriculture

2. Department of Commerce

3. Department of Education

4. Department of Energy

5. Department of Health and Human Resources

6. Department of Housing and Urban Development

7. Department of Interior

8. Department of Labor

9. Department of Transportation

10. Department of Veteran Affairs.

Have ten up and down votes in the House of Representatives for closing these Federal Departments by the end of the Fiscal Year 2011 on September 30, 2011.

The ruling class of both political parties having been fiscally irresponsible for decades.

The American people have put the political  elites on notice, cut spending, balance the budget and no more hikes in the national debt ceiling.

Shut the Federal government down or the American people will shut you down by voting you out of office.

Ron Paul and Rand Paul are right.

Government spending should be limited by the amount of tax revenues that are collected.

There must be a balanced budget rule that says that the total budget for a fiscal year cannot exceed the revenue collected in the previous fiscal year or the estimated tax revenues for the current year, which ever is lower.

No balanced budget rule, then no debt ceiling raise.

Congress does not need to raise the debt ceiling.

Congress needs to start cutting spending starting now.

If the means closing entire Federal Department so be.

The Republican establishment point of view is represented by former Senator Santorum.

Santorum on Debt Ceiling, Spending Cuts

The tea party movement point of view is represented by Michele Bachmann with a proposed $450 billion in Federal spending for the current budget year compared to Paul Ryan and the Republican Party leadership proposal of $50 to $100 billion.

Confronting Reckless Federal Spending

Actually over $1,000 billion needs to be cut to have a balanced budget, which means everything including Defense and entitlement needs to be cut.

The American people are way head of both political parties and big media as to what needs to be done. 

What is irresponsible is both political parties have been increasing the debt ceiling for decades.

Enough is enough.

If the current members of Congress cannot do the job, the tea party movement will find others who will cut spending by closing Federal Departments, agencies and reform entitlement programs such as Social Security and Medicare.

Start sending out the pink slip or termination of employment notices–downsize the Federal Government now.

If President Obama refuses to have the Federal Government operate on tax revenues only, then President Obama will be the person blamed for forcing the Federal Government into default on its Treasury obligations.

Refuse to Raise The Debt Ceiling!

The party is over! The piper must be paid.

 

Doris Day sings The Party’s Over

The party’s over
It’s time to call it day
They’ve burst your pretty balloon
And taken the moon away

It’s time to wind up
The masquerade
Just make your mind up
The piper must be paid

The party’s over
The candles flicker and dim
You danced and dream
Through the night
It seemed to be right
Just being with him

Now you must wake up
All my dreams must end
Take off your makeup
The party’s over
It’s all over, my friend

Now you must wake up
All my dreams must end
Take off your makeup
The party’s over
It’s all over, my friend

Background Articles and Videos

 

Quantitative Easing and Unemployment

 

 Tom Woods Smashes Central Bank Dogma on Freedom Watch 12/21/10

Debt Ceiling

“…The Second Liberty Bond Act of 1917 established a statutory limit on federal debt.[96] Congress had previously approved each debt issuance separately. The debt limit provided the U.S. Treasury with more leeway in the administration of debt, allowing for modern management techniques in government finance.

The U.S. Treasury Department now conducts more than 200 sales of debt by auction every year. The Treasury has been granted authority by Congress to issue such debt as was needed to fund government operations as long as the total debt (excepting some small special classes) does not exceed a stated ceiling.

The most recent increase in the U.S. debt ceiling to $14.3 trillion by H.J.Res. 45 was signed into law on February 12, 2010.[97]

Date Debt Ceiling Change in Debt Ceiling
June 25, 1940 $49,000,000,000 [98]  
February 19, 1941 $65,000,000,000 $16,000,000,000
March 28, 1942 $125,000,000,000 $60,000,000,000
April 11, 1943 $210,000,000,000 $85,000,000,000
June 9, 1944 $260,000,000,000 $50,000,000,000
April 3, 1945 $300,000,000,000 $40,000,000,000
June 26, 1946 $275,000,000,000 -$25,000,000,000
August 28, 1954 $281,000,000,000 $6,000,000,000
July 9, 1956 $275,000,000,000 -$6,000,000,000
February 26, 1958 $280,000,000,000 $5,000,000,000
September 2, 1958 $288,000,000,000 $8,000,000,000
June 30, 1959 $295,000,000,000 $7,000,000,000
June 30, 1960 $293,000,000,000 -$2,000,000,000
June 30, 1961 $298,000,000,000 [99] $5,000,000,000
July 1, 1962 $308,000,000,000 $10,000,000,000
March 31, 1963 $305,000,000,000 -$3,000,000,000
June 25, 1963 $300,000,000,000 -$5,000,000,000
June 30, 1963 $307,000,000,000 $7,000,000,000
August 31, 1963 $309,000,000,000 $2,000,000,000
November 26, 1963 $315,000,000,000 $6,000,000,000
June 29, 1964 $324,000,000,000 $9,000,000,000
June 24, 1965 $328,000,000,000 $4,000,000,000
June 24, 1966 $330,000,000,000 $2,000,000,000
March 2, 1967 $336,000,000,000 $6,000,000,000
June 30, 1967 $358,000,000,000 $22,000,000,000
June 1, 1968 $365,000,000,000 $7,000,000,000
April 7, 1969 $377,000,000,000 $12,000,000,000
June 30, 1970 $395,000,000,000 $18,000,000,000
March 17, 1971 $430,000,000,000 $35,000,000,000
March 15, 1972 $450,000,000,000 [100] $20,000,000,000
October 27, 1972 $465,000,000,000 $15,000,000,000
June 30, 1974 $495,000,000,000 $30,000,000,000
February 19, 1975 $577,000,000,000 $82,000,000,000
November 14, 1975 $595,000,000,000 $18,000,000,000
March 15, 1976 $627,000,000,000 $32,000,000,000
June 30, 1976 $636,000,000,000 $9,000,000,000
September 30, 1976 $682,000,000,000 $46,000,000,000
April 1, 1977 $700,000,000,000 $18,000,000,000
October 4, 1977 $752,000,000,000 $52,000,000,000
August 3, 1978 $798,000,000,000 $46,000,000,000
April 2, 1979 $830,000,000,000 $32,000,000,000
September 29, 1979 $879,000,000,000 [101] $49,000,000,000
June 28, 1980 $925,000,000,000 $46,000,000,000
December 19, 1980 $935,000,000,000 $10,000,000,000
February 7, 1981 $985,000,000,000 $50,000,000,000
September 30, 1981 $1,079,000,000,000 $94,000,000,000
June 28, 1982 $1,143,000,000,000 $64,000,000,000
September 30, 1982 $1,290,200,000,000 $147,200,000,000
May 26, 1983 $1,389,000,000,000 $98,800,000,000
November 21, 1983 $1,490,000,000,000 $101,000,000,000
May 25, 1984 $1,520,000,000,000 $30,000,000,000
June 6, 1984 $1,573,000,000,000 $53,000,000,000
October 13, 1984 $1,823,000,000,000 $250,000,000,000
November 14, 1985 $1,903,800,000,000 $80,800,000,000
December 12, 1985 $2,078,700,000,000 $174,900,000,000
August 21, 1986 $2,111,000,000,000 $32,300,000,000
October 21, 1986 $2,300,000,000,000 $189,000,000,000
May 15, 1987 $2,320,000,000,000 [102] $20,000,000,000
August 10, 1987 $2,352,000,000,000 $32,000,000,000
September 29, 1987 $2,800,000,000,000 $448,000,000,000
August 7, 1989 $2,870,000,000,000 $70,000,000,000
November 8, 1989 $3,122,700,000,000 $252,700,000,000
August 9, 1990 $3,195,000,000,000 $72,300,000,000
October 28, 1990 $3,230,000,000,000 $35,000,000,000
November 5, 1990 $4,145,000,000,000 $915,000,000,000
April 6, 1993 $4,370,000,000,000 $225,000,000,000
August 10, 1993 $4,900,000,000,000 $530,000,000,000
March 29, 1996 $5,500,000,000,000 $600,000,000,000
August 5, 1997 $5,950,000,000,000 $450,000,000,000
June 11, 2002 $6,400,000,000,000 [103] $450,000,000,000
May 27, 2003 $7,384,000,000,000 [104] $984,000,000,000
November 16, 2004 $8,184,000,000,000 [105] $800,000,000,000
March 20, 2006 $8,965,000,000,000 [106] $781,000,000,000
September 29, 2007 $9,815,000,000,000 [107] $850,000,000,000
June 5, 2008 $10,615,000,000,000 [108] $800,000,000,000
October 3, 2008 $11,315,000,000,000 [109] $700,000,000,000
February 17, 2009 $12,104,000,000,000 [110] $789,000,000,000
December 24, 2009 $12,394,000,000,000 [111] $290,000,000,000
February 12, 2010 $14,294,000,000,000 [112] $1,900,000,000,000

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

The Party’s Over by Johnny Mathis

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Beck On Thanks/giving–Yes I Can–No They Won’t–Videos

Posted on November 12, 2010. Filed under: Banking, Blogroll, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Taxes, Video, War, Wisdom | Tags: , , |

Glenn Beck-11/12/10-A

 

Glenn Beck-11/12/10-B

 

Glenn Beck-11/12/10-C

 

There Are too Many Bureaucrats and They Are Paid too Much

 

Deficits are Bad, but the Real Problem is Spending

 

It’s Simple to Balance The Budget Without Higher Taxes

 

 

U. S. Debt Clock

http://www.usdebtclock.org/

Glenn get serious.

Cutting the pay of Congressman and Senators would only result in the independently wealthy running for public office.

We need leadership not demagoguery.

Federal Government expenditures need to be cut over $1,000 billion each fiscal year for the  total combined on-budget and off-budget expenditures and revenues to balance for next two to three fiscal years.

Ten Federal Departments need to be closed permanently.

The Department of Defense and Department of Homeland Security budgets need to be cut at least 20%.

Neither the Democratic nor Republican parties have the leadership, vision, will and courage to do this.

No they won’t.

Fully expect the U.S. to enter another recession in 2011.

The U.S. government is broke.

Every day about 25 million plus Americans that want to work and have been seeking a full time job remain unemployed.

Yes they can.

Related Posts On Pronk Palisades

Dan Mitchell–Videos

Heritage Foundation 2010 Budget Charts–Federal Spending

Heritage Foundation 2010 Budget Charts–Federal Revenue

Heritage Foundation 2010 Budget Charts–Federal Debt and Deficits

Heritage Foundation 2010 Budget Charts–Federal Entitlements

Economists

The Battle For The World Economy–Videos

Frederic Bastiat–The Law–Videos

Walter Block–Videos

Walter Block–Introduction To Libertarianism–Videos

Hunter Lewis–Where Keynes Went Wrong–Videos

Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

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

Milton Friedman–Videos

Milton Friedman–Capitalism and Freedom–Videos

Milton Friedman On Business–Videos

Milton Friedman On Education–Videos

Milton Friedman On Monetary Policy–Videos

Milton Friedman–Debate In Iceland–Videos

Milton Friedman–Free To Choose–On Donahue –Videos

Milton Friedman–Economic Myths–Videos

Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

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

David Gordon–The Confused Literature of Globalization–Videos

Friedrich Hayek–Videos

Henry Hazlitt–Economics In One Lesson–Videos

Robert Higgs–The Complex Path of Ideological Change–Videos

Robert Higgs–The Great Depression and the Current Recession–Videos

Robert Higgs–Why Are Politicians Always Trying to Scare Us?–Videos

Jörg Guido Hülsmann–The Ethics of Money Production–Videos

Jörg Guido Hülsmann–The Life and Work of Ludwig von Mises–Videos

Israel Kirzner–On Entrepreneurship–Vidoes

Paul Krugman–Videos

Hunter Lewis–Where Keynes Went Wrong–Videos

Liberal Fascism–Jonah Goldberg–Videos

Dan Mitchell–Videos

Ludwig von Mises–Videos

Robert P. Murphy–Videos

Robert P. Murphy–Government Stimulus: Repeating the mistakes of the Great Depression–Videos

Gary North–Keynes and His Influence–Take The North Challenge–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

George Gerald Reisman–Why Nazism Was Socialism and Why Socialism Is Totalitarian–Videos

Paul Craig Roberts–How The Economy Was Lost–The War Of The Worlds–Videos

Paul Craig Roberts–Peak Jobs–Videos

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

Murray Rothbard–Videos

Murray Rothbard–A History of Money and Banking in The United States–Videos

Murray Rothbard–The American Economy and the End of Laissez-Faire: 1870 to World War II–Videos

Murray Rothbard–The Case Against The Fed–Videos

Murray N. Rothbard–Introduction to Economics: A Private Seminar–Videos

Murray Rothbard–Libertarianism–Video

Rothbard On Keynes–Videos

Murray Rothbard– What Has Government Done to Our Money?–Videos

Peter Schiff–Videos

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

Larry Sechrest–The Anticapitalists: Barbarians at the Gate–Videos

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

Amity Shlaes–Videos

Julian Simon–Videos

Julian Simon–The Ultimate Resource II: People, Materials, and Environment–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

Econ Talk With Thomas Sowell–Videos

Peter Thiel–Videos

Thomas E. Woods, Jr.–Videos

Thomas E. Woods–The Calamity of Anti-Capitalism: A Brief American History–Video

Thomas E. Woods–The Economic Crisis and The Federal Reserve–Videos

Tom Woods–Lectures On Liberty–Videos

Thomas E. Woods–The Market Economy–Videos

Tom Woods On Personal Rights and Property Ownership

Tom Woods–Smashing Myths and Restoring Sound Money–Videos

Tom Woods–Who Killed The Constitution

Tom Wright On The FairTax–Videos

Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

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Tea Party Movement Expects Republican Party To Balance The Budget By Cutting Spending Now!

Posted on November 8, 2010. Filed under: Blogroll, Communications, Economics, Education, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Monetary Policy, Philosophy, Politics, Rants, Raves, Regulations, Reviews, Taxes, Video, Wisdom | Tags: , , , , , , , , , |

Debt Clock

http://www.usdebtclock.org/

Economics 101 – It’s Simple to Balance The Budget Without Higher Taxes!

 

Meltzer Says U.S. Economic Programs Have Been `Foolish’

Ron Paul – Dr. Allan Meltzer

 

Deficits are Bad, but the Real Problem is Spending

No Compromise: Issa, Ryan and Cantor Will Cut Runaway Federal Spending

 

Eric Cantor Discusses Tax Rates, Ending Earmarks & Cutting Spending On Fox News Sunday

 

Rand Paul: GOP must consider military spending cuts

 

Ron Paul on the Deficit, Government Spending, and Military Industrial Complex (1988)

 

 

 

The tea party movement is expecting the Republican Party to balance the Fiscal Year 2011 and 2012 budgets or face the consequences or fate  in 2012 of the big spending Democrats in this past election.

Instead the Republican Party is talking about  a Fiscal Year 2008 level of total outlays of about $3 trillion dollars.

This is definitely an improvement over President  Obama’s estimated budget deficits exceeding over $1,000 billion in FY 2010 and FY 2011.

However, it still would not come close to balancing the budget in FY 2011 where tax revenues are expected to be about $2,567 billion.

Unfortunately the deficit would be about $400 billion for the total combined on-budget and off-budget.

Refer to the following receipts and outlay estimates at:

Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (−): 1789–2015

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

The total estimated tax revenues for   FY 2011 and FY 2012 are $2,567 billion and $2,926 billion respectively for the combined on-budget and off-budget.

The total estimated outlays for FY 2011 and FY 2012 are $3,834 billion and $3,755 billion respectively for the combined on-budget and off-budget.

The total estimated deficits  for FY 2011 and FY 2012 are $1,267 billion and $828 billion respectively for combined on-budget and off-budget.

To balance the  combined on-budget and off-budget the FY 2011 outlays would need to about the level of Fiscal Year 2005 of $2,472 billion.

To balance the combined on-budget and off-budget the FY 2012 outlays would need to about the level of Fiscal Year 2008 of $2,983 billion.

Either balance the budget or face the consequences in 2012.

Stop dithering.

Start shutting down entire Federal Departments, agencies and programs.

Milton Friedman on Libertarianism (Part 4 of 4)

Pass the FairTax and limit future outlays or expenditures for the total on-budget and off-budget to 80% of previous year’s tax revenue from the FairTax.

The FairTax: It’s Time

The remaining 20% of FairTax revenues would go to pay down the debt.

Time for some real change and hope.

Stop spending our future and balance the budget.

Stop Spending Our Future – The Crisis

 

Background Articles and Videos

Keynesian Economics vs. Austrian Economics

 

Keynesian Predictions vs. American History | Thomas E. Woods, Jr.

 

Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.

 

Warren Harding and the Forgotten Depression of 1920

by Thomas E. Woods, Jr.

“…The economic situation in 1920 was grim. By that year unemployment had jumped from 4 percent to nearly 12 percent, and GNP declined 17 percent. No wonder, then, that Secretary of Commerce Herbert Hoover – falsely characterized as a supporter of laissez-faire economics – urged President Harding to consider an array of interventions to turn the economy around. Hoover was ignored.

Instead of “fiscal stimulus,” Harding cut the government’s budget nearly in half between 1920 and 1922. The rest of Harding’s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve’s activity, moreover, was hardly noticeable. As one economic historian puts it, “Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction.”2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.

It is instructive to compare the American response in this period to that of Japan. In 1920, the Japanese government introduced the fundamentals of a planned economy, with the aim of keeping prices artificially high. According to economist Benjamin Anderson, “The great banks, the concentrated industries, and the government got together, destroyed the freedom of the markets, arrested the decline in commodity prices, and held the Japanese price level high above the receding world level for seven years. During these years Japan endured chronic industrial stagnation and at the end, in 1927, she had a banking crisis of such severity that many great branch bank systems went down, as well as many industries. It was a stupid policy. In the effort to avert losses on inventory representing one year’s production, Japan lost seven years.”3

The U.S., by contrast, allowed its economy to readjust. “In 1920–21,” writes Anderson, “we took our losses, we readjusted our financial structure, we endured our depression, and in August 1921 we started up again. . . . The rally in business production and employment that started in August 1921 was soundly based on a drastic cleaning up of credit weakness, a drastic reduction in the costs of production, and on the free play of private enterprise. It was not based on governmental policy designed to make business good.” The federal government did not do what Keynesian economists ever since have urged it to do: run unbalanced budgets and prime the pump through increased expenditures. Rather, there prevailed the old-fashioned view that government should keep spending and taxation low and reduce the public debt.4 …”

http://www.lewrockwell.com/woods/woods125.html

Historical Tables

Historical Tables provides data on budget receipts, outlays, surpluses or deficits, Federal debt, and Federal employment over an extended time period, generally from 1940 or earlier to 2011 or 2015.

Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (−): 1789–2015

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

High Taxes and High Budget Deficits
The Hoover–Roosevelt Tax Increases of the 1930s
by Veronique de Rugy, Fiscal Policy Analyst, Cato Institute

“…Conclusion
The tax increases of the 1930s coincided with large
deficits and economic stagnation. While the monetary and
trade policy mistakes of the 1930s are now widely
understood, the tax policy mistakes are less appreciated.
As Congress grapples with today’s budget deficit and
mediocre economic growth, it should look to the tax cuts
of the 1920s for inspiration rather than the failed “budget
balancing with high taxes” approach of the 1930s.”

http://www.cato.org/pubs/tbb/tbb-0303-14.pdf

Can GOP Shrink Government Spending?

Ron Paul in San Francisco – Amazing Speech!

Republicans roll out “Pledge to America”

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Heritage Foundation 2010 Budget Charts–Federal Spending

Heritage Foundation 2010 Budget Charts–Federal Revenue

Heritage Foundation 2010 Budget Charts–Federal Debt and Deficits

Heritage Foundation 2010 Budget Charts–Federal Entitlements

Economists

The Battle For The World Economy–Videos

Frederic Bastiat–The Law–Videos

Walter Block–Videos

Walter Block–Introduction To Libertarianism–Videos

Hunter Lewis–Where Keynes Went Wrong–Videos

Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

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

Milton Friedman–Videos

Milton Friedman–Capitalism and Freedom–Videos

Milton Friedman On Business–Videos

Milton Friedman On Education–Videos

Milton Friedman On Monetary Policy–Videos

Milton Friedman–Debate In Iceland–Videos

Milton Friedman–Free To Choose–On Donahue –Videos

Milton Friedman–Economic Myths–Videos

Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

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

David Gordon–The Confused Literature of Globalization–Videos

Friedrich Hayek–Videos

Henry Hazlitt–Economics In One Lesson–Videos

Robert Higgs–The Complex Path of Ideological Change–Videos

Robert Higgs–The Great Depression and the Current Recession–Videos

Robert Higgs–Why Are Politicians Always Trying to Scare Us?–Videos

Jörg Guido Hülsmann–The Ethics of Money Production–Videos

Jörg Guido Hülsmann–The Life and Work of Ludwig von Mises–Videos

Israel Kirzner–On Entrepreneurship–Vidoes

Paul Krugman–Videos

Hunter Lewis–Where Keynes Went Wrong–Videos

Liberal Fascism–Jonah Goldberg–Videos

Dan Mitchell–Videos

Ludwig von Mises–Videos

Robert P. Murphy–Videos

Robert P. Murphy–Government Stimulus: Repeating the mistakes of the Great Depression–Videos

Gary North–Keynes and His Influence–Take The North Challenge–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

George Gerald Reisman–Why Nazism Was Socialism and Why Socialism Is Totalitarian–Videos

Paul Craig Roberts–How The Economy Was Lost–The War Of The Worlds–Videos

Paul Craig Roberts–Peak Jobs–Videos

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

Murray Rothbard–Videos

Murray Rothbard–A History of Money and Banking in The United States–Videos

Murray Rothbard–The American Economy and the End of Laissez-Faire: 1870 to World War II–Videos

Murray Rothbard–The Case Against The Fed–Videos

Murray N. Rothbard–Introduction to Economics: A Private Seminar–Videos

Murray Rothbard–Libertarianism–Video

Rothbard On Keynes–Videos

Murray Rothbard– What Has Government Done to Our Money?–Videos

Peter Schiff–Videos

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

Larry Sechrest–The Anticapitalists: Barbarians at the Gate–Videos

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

Amity Shlaes–Videos

Julian Simon–Videos

Julian Simon–The Ultimate Resource II: People, Materials, and Environment–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

Econ Talk With Thomas Sowell–Videos

Peter Thiel–Videos

Thomas E. Woods, Jr.–Videos

Thomas E. Woods–The Calamity of Anti-Capitalism: A Brief American History–Video

Thomas E. Woods–The Economic Crisis and The Federal Reserve–Videos

Tom Woods–Lectures On Liberty–Videos

Thomas E. Woods–The Market Economy–Videos

Tom Woods On Personal Rights and Property Ownership

Tom Woods–Smashing Myths and Restoring Sound Money–Videos

Tom Woods–Who Killed The Constitution

Tom Wright On The FairTax–Videos

Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

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

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

United States’ Projected Debt – 2009-2019

National debt. Crisis

The National Debt Road Trip

U.S Debt Clock

http://www.usdebtclock.org/

The Debt to the Penny and Who Holds It

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

 

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

http://www.federalbudget.com/

 

US National Debt, What DC & Obama Arent Telling

 

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

 

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

 

Backround Articles and Videos

(1/6) American Debt

(2/6) American Debt

(3/6) American Debt

(4/6) American Debt

(5/6) American Debt

(6/6) American Debt

Lesson 1 National Debt & Budget Deficit Explained

 

National Debt Up $3 Trillion on Obama’s Watch

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

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

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

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

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

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

Obama Sends Congress $3.8 Trillion Budget, Soaring Deficits Projected

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

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

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

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

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

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

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

 

The Revenue and Spending Mismatch

How the United States Got into a Sinkhole of Debt

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

“…The RSR and budget deficits

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

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

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

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

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

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

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

 

Related Posts On Pronk Palisades

Heritage Foundation 2010 Budget Charts–Federal Entitlements

Heritage Foundation 2010 Budget Charts–Federal Spending

Heritage Foundation 2010 Budget Charts–Federal Revenue

Heritage Foundation 2010 Budget Charts–Federal Debt and Deficits

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Paul Ryan’s Roadmap Plan To Government Financial Responsibility

Posted on April 14, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Law, liberty, Life, Links, media, Medicine, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Technology, Uncategorized, Video, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

U.S National Debt Clock

http://www.usdebtclock.org/  

Rep Paul Ryan (WI-01) – “A Roadmap For America’s Future”

“…

SUMMARY

A Roadmap for America’s Future 2.0
THE CHALLENGE – AND THE OPPORTUNITY
111th Congress

27 January 2010

A Roadmap for America’s Future is a comprehensive alternative to the heavily government-centered ideology now prevailing in Washington, which pursues a relentless expansion of government, and creates a growing culture of dependency – and in the process worsens a status quo that already threatens to overwhelm the budget and smother the economy. The Roadmap – updated to reflect the dramatic decline in the Nation’s economic and fiscal condition since its previous introduction in 2008 – draws on Americans’ strengths to restore the Nation’s legacy of leaving the next generation better off. It achieves three key objectives:

▫ Providing Health and Retirement Security. The plan ensures universal access to health insurance; and it rescues and strengthens Medicare, Medicaid, and Social Security – allowing them to fulfill their missions and making them permanently solvent.

▫ Lifting The Debt Burden. It returns Federal spending growth to sustainable rates, and lifts the huge projected debt burden from the shoulders of future generations.

▫ Promoting American Job Creation and Competitiveness. It promotes solid, sustained economic growth and job creation here in America, and puts the United States in a position to lead – not merely survive – in the global marketplace. The plan also modernizes job training programs to meet the effects of globalization.

Why America Needs an Alternative. America faces an immense challenge – and an extraordinary opportunity.

▫ The Challenge. The Federal Government’s current fiscal path is unsustainable: it leads to unprecedented levels of spending and debt that will overwhelm the budget, smother the economy, weaken America’s competitiveness in the global 21st century economy, and threaten the survival of the government’s major benefit programs. The President and congressional Majority are hastening America’s march toward this reckoning, adding to trillions of dollars worth of unfunded liabilities, and accelerating the erosion of Americans’ health care and retirement security. Their “progressive” ideology leads to a future in which America’s best century is the past century.

▫ The Opportunity. Putting the Nation on a sustainable fiscal course may be one of the greatest domestic challenges in America’s history. But it is also an extraordinary opportunity to restore a national character rooted in individual initiative, entrepreneurship, and opportunity – and to transform the Federal Government to the realities of the 21st century.

Major Plan Components.

▫ Health Care. The plan ensures universal access to affordable health insurance by restructuring the tax code, allowing all Americans to secure affordable health plans that best suits their needs, and shifting the ownership of health coverage away from the government and employers to individuals.

– Provides a refundable tax credit – $2,300 for individuals and $5,700 for families – to purchase coverage in any State, and keep it with them if they move or change jobs.

– Establishes transparency in health care price and quality data, so this critical information is readily available before an individual needs health services.

– Modernizes Medicaid and strengthens the health care safety net by reforming high-risk pools, giving States maximum flexibility to tailor Medicaid programs to the specific needs of their populations. Allows Medicaid recipients to take part in the same variety of options by using the tax credit to purchase high-quality care.

▫ Medicare. The Roadmap secures Medicare for current beneficiaries, while making common-sense reforms to keep it solvent for the long term.

– Preserves the existing Medicare program for those 55 or older.

– For those currently under 55 – as they become Medicare-eligible – creates a Medicare payment averaging $11,000 per year when fully phased in. Adjusts the payment for inflation, and pegs it to income, with low-income individuals receiving greater support. Provides risk adjustment, so those with greater medical needs receive a higher payment.

– In addition to the Medicare payment, establishes and fully funds Medical Savings Accounts [MSAs] for low-income beneficiaries (to cover out-of-pocket costs), while continuing to allow all beneficiaries, regardless of income, to set up tax-free MSAs.

– Makes Medicare permanently solvent, based on Congressional Budget Office [CBO] estimates and consultation with the Office of the Actuary of the Centers for Medicare and Medicaid Services.

▫ Social Security. The proposal saves and strengthens this important retirement program and makes it sustainable for the long term.

– Preserves the existing Social Security program for those 55 or older.

– Offers workers under 55 the option of investing over one third of their current Social Security taxes into personal retirement accounts, similar to the Thrift Savings Plan available to Federal employees. Includes a property right so they can pass on these assets to their heirs, and a guarantee that individuals will not lose a dollar they contribute to their accounts, even after inflation.

– Makes the program permanently solvent, according to the CBO, by combining a more realistic measure of growth in Social Security’s initial benefits, with a gradual, modest increase in the retirement age, consistent with Americans’ improving lifespans.

▫ Tax Reform. This plan offers an alternative to today’s needlessly complex and inefficient tax code, providing the option of a simplified mechanism that better promotes and rewards work, saving, and investment.

– Provides taxpayers a choice of how to pay their income taxes – through existing law, or through a highly simplified code that fits on a postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit).

– Simplifies tax rates to 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. Also includes a generous standard deduction and personal exemption (totaling $39,000 for a family of four).

– Eliminates the alternative minimum tax [AMT].

– Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.

– Replaces the corporate income tax – currently the second highest in the industrialized world – with a border-adjustable business consumption tax of 8.5 percent. This new rate is roughly half that of the rest of the industrialized world.

▫ Job Training. The Roadmap helps the Nation’s workforce prepare for success in the global economy by transforming 49 job training programs, scattered across eight agencies, into a flexible, dynamic program focused on results, and accompanied by clear measures of transparency and accountability. The plan requires the development of performance measures, and gives each State the option to consolidate funding into one program, if such an approach can be shown improve outcomes and achieve job training goals.

Why ‘A Roadmap for America’s Future’ is Different. As mentioned above, the status quo is not sustainable. But Washington’s current leaders are making matters worse. The Roadmap is not simply a slimmer version of the “progressive” government expansion now prevailing in Washington; nor does it rely on vague bromides about “market-based incentives” or “public-private partnerships.” It is a complete legislative proposal consisting of specific policies backed up by sound, credible estimates of its fiscal and economic consequences.

Other key features of the plan:

▫ Comprehensiveness. Whether the issue is health care, international competitiveness, or debt, piecemeal, incremental “fixes” will never match the magnitude, urgency, and interrelated nature of America’s greatest domestic challenges. This plan provides the comprehensive approach critical for achieving real, long-term solutions.

▫ Backed Up By Numbers. It is a real plan, with real proposals, real numbers to back them up, and real legislation to implement it. Based on estimates provided by the CBO, this plan is projected to make the Social Security and Medicare programs permanently solvent. It will lift the growing debt burden on future generations, and hold Federal taxes to no higher than 19 percent of GDP.

▫ A True Alternative. This plan is based on a fundamentally different vision. It focuses government on its proper role; it restrains government spending, and thus limits the size of government itself; it rejuvenates the vibrant market economy that made America the envy of the world; and it restores an American character rooted in individual initiative, entrepreneurship, and opportunity – qualities that make each American’s pursuit of personal destiny a net contribution to the Nation’s common good as well. In short, it is built on the enduring truths from which America’s Founders established this great and exceptional Nation.

NOTE: The “current policy” paths in the graphics above reflect what the Congressional Budget Office [CBO], in its June 2009 report The Long-Term Budget Outlook, terms its “alternative fiscal scenario.” In describing this projection, CBO says it “represents one interpretation of what it would mean to continue today’s underlying fiscal policy,” and that it reflects “policy changes that are widely expected to occur and that policymakers have regularly made in the past.”
…”
http://www.roadmap.republicans.budget.house.gov/plan/summary.htm

A Roadmap for America’s Future

http://www.roadmap.republicans.budget.house.gov/ 

  

Paul Ryan Challenges Roadmap Critics

Paul Ryan and David Walker on Entitlements

I.O.U.S.A. Bonus Reel: Social Security+Medicare Projections

 

The Heritage Foundation: 2010 Budget Chart Book

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

 

 

   

 

The Roadmap Plan  

“…Unfunded Liabilities. Another way of viewing the government’s disastrous budgetary situation is by looking at its fiscal position the way a private company would. To do so, analysts focus on the “unfunded liabilities” of the Federal Government’s major benefit programs. These liabilities reflect the excess of projected spending in these programs over the amount of revenue currently estimated to be available for them. 

The problem is most acute in Medicare. Like Social Security, Medicare faces the daunting demographic challenge of supporting the baby boomers as they retire. But its much larger problem is that of medical costs, which are rising at roughly double the rate of growth in the economy. Today Medicare has an unfunded liability of $38 trillion over the next 75 years (see Figure 1). This means that the Federal Government would have to set aside $38 trillion today to cover future benefits for the three generations of Americans: retirees, workers, and children. This translates to a burden of about $335,350 per U.S. household. Moreover, the problem worsens rapidly: in just the next 5 years, by 2014, Medicare’s unfunded liability is projected to grow to $52 trillion – or about $458,900 per household. 

When Social Security and Medicare are taken together, the total unfunded liability is
$43 trillion, or about $379,475 per household (see Figure 2). In the next
5 years, that total will grow to $57 trillion, or $500,414 per household. 

 

 

Without fundamental changes, the government would have to finance these obligations with higher taxes, higher debt, or a combination of the two. Either way, the results would be crippling for the U.S. economy: they would entail shifting unprecedented amounts of economic resources away from growth-generating activities of the private sector: …” 

http://www.roadmap.republicans.budget.house.gov/plan/ 

 

Paul Ryan-Obama Proposed Debt Will Literally Crash the Economy

While Paul Ryan has identified the problem, his solution to the problem leaves much to be desired.

Instead of continuing the Federal Income Tax with two flat tax rates, I would replace all Federal taxes including income, payroll, capital gains, gift and estate taxes with the FairTax.

Why We Need a FAIR Tax?

Payoff the National Debt by restricting the total Federal Budget each year to 80% of the prior year’s FairTax collection. All future Federal budgets would always be in surplus–no deficit spending.

Close ten Federal Departments and numerous Federal agencies and reduce the number of Federal employees by at least 50%.

Transition to an individual controlled private health insurance and retirement plan that would replace both Medicare and Social Security with the individual controlling the investment choice or investment portfolio manager of the account.

Both the Democratic and Republican parties have spent the Social Security surpluses over the years instead of investing them in businesses that would create job, grow the economy and increase wealth.

 Since it is the individual’s money that funds this program, the individual and not the government should decide how the money contributed should be invested.

Individuals should be paying their own medical bills not a third-party including the government and insurance companies.

Identifying the problem of unfunded entitlement obligations is important.

The solution to the problem  should be individual based and controlled.

The Federal Government needs to get out of both the health insurance and retirement plan business. These  plans are not a function of government and the government has done a terrible job in managing their costs and returns.

The existing Federal taxation, Social Security and Medicare systems need to be replaced not sustained.

The Federal Government would consist of the following  Departments:

  1. State
  2. Treasury
  3. Justice
  4. Defense
  5. Homeland Security

Milton Friedman on Libertarianism (Part 4 of 4)

Is Limited Government an Oxymoron?

The other Federal  Departments would be closed permanently and the number of federal employees cut by at least 50%.

Since neither the Democratic nor Republican political parties will propose or support the shutting down of ten Federal Departments and the FairTax, I will not be voting for either party’s candidates.

This is change the American people can now only hope for.

The time for a new political party is now.

American Citizens Alliance Party–A CAP On Government Spending, Taxes, Debt and Regulations-The Third Party Base–Tea Party Patriots–Videos

Background Articles and Videos
 

Know the TRUTH about the Government Health Care Bill H.R.3200 – Key Points

Rep. Paul Ryan – Wisconsin 3-21-2010 The Future Cost of Obamacare

 

  I.O.U.S.A.: Chapter 1

  

I.O.U.S.A.: Chapter 2 & 3

http://www.youtube.com/watch?v=aKr5o132t1U&feature=related 

I.O.U.S.A.: Chapter 4

See I.O.U.S.A. themovie 

I.O.U.S.A.: Byte-Sized – The 30 Minute Version

http://www.youtube.com/watch?v=O_TjBNjc9Bo 

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Glenn Beck: President Obama’s Proposed Budget Is Out Of Control Federal Government Spending–Stop Him Before He Destroys The Economy

Posted on February 8, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Regulations, Resources, Science, Taxes, Video, War, Wisdom | Tags: , , , , , , , , , , |

Glenn Beck Show – February 8, 2010 – Pt 1 of 7

Glenn Beck Show – February 8, 2010 – Pt 2 of 7

Glenn Beck Show – February 8, 2010 – Pt 3 of 7

Glenn Beck Show – February 8, 2010 – Pt 4 of 7

Glenn Beck Show – February 8, 2010 – Pt 5 of 7

Glenn Beck Show – February 8, 2010 – Pt 6 of 7

Glenn Beck Show – February 8, 2010 – Pt 7 of 7

Paul Ryan on debt ceiling increase: “A proud moment” for Speaker Pelosi?

President Obama proposed 2011 budget is beyond fiscally irresponsible, it is dangerous.

The proposal will not be passed by Congress–it is dead on arrival–DOA.

That said the fact that President Obama would even propose such a budget is revealing.

President Obama is an economic illiterate that must rely upon his economic policy team made up of many Keynesians.

This is not surprising since the late John Maynard Keynes would recommend more government spending to lift the economy out of a recession.

There is only one big problem.

Keynes has repeatedly been shown to be wrong.

When his policy recommendations of government intervention into the economy have been followed, the recession is usually prolonged in its duration and negative impact on production and employment.

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus


At first I thought he was receiving bad economic policy advice.

However I believe he knew exactly what he is doing.

President Obama is what they call a front man.

In a rock band that is the singer.

The real and important question is who is puppet Obama fronting for and what are their goals.

Leading candidates include unions, trial lawyers, large investment and commerical banks, large corporation, the very wealthy including George Soros and David Rockefeller, community organizations, a foreign government, or all of the above.

President Obama has been bought and paid for.

Obama will remain loyal to whoever controls him for the simple reason they are his source of money and influence.

Also, I suspect one or more parties has information that if released to the general public would destroy him.

Therefore, he will follow orders, even if this means he will be defeated in 2012.

I concluded a long time ago that Barack Obama was intentionally trying to both destroy jobs and wreck the U.S. economy.

I think Obama is seeing the writing on the wall and has been told to drop Vice-President Biden from the ticket in 2012 and replace him with Secretary of State Hillary Clinton.

The wild card that President Obama’s controllers did not seriously take into consideration is the American people and the popularity of Sarah Palin among the conservative base in the Republican Party.

The grassroots Tea Party movement is growing every day.

This is especially true with over 26 million Americans seeking a full time job.

Obama has lost Republicans, Democrats, and Independents, conservative, libertarians, veterans, the elderly and is slowly but surely losing the young who cannot find jobs.

All of these people are joing the Tea Party movement.

What is really scaring the political class and elites is the anger and intensity of those in the grassroots Tea Party movement.

The political elites of the progressive radical socialist Democratic Party have nothing but fear and loathing of both the Tea Parties and Sarah Palin.

Their fear and loathing is palpable.

This is evidence by big media’s relenless attacks on Sarah Palin with the aim of destroying or at least damaging her.

Big media’s  big mistake is that their are at least a dozen potential candidates for President in 2012 that are equally impressive as Sarah Palin.

If President Obama continues down his road to serfdom, he and Hillary Clinton will face a decisive defeat at the polls approaching if not exceeding President Ronald Reagan’s defeat of Jimmy Carter in 1980.

How sweat it is!

A twoffer.

Background Articles and Videos

Obama’s Budget Seriously Underestimates Deficit

By Scott Grannis

“…The data for the forecast section of these charts is taken directly from Obama’s FY 2011 Budget. The forecasts presented in this budget rely, as all forecasts ultimately do, on several critical assumptions. Together, these are among the most heroic and daring assumptions I have ever seen coming from the Office of Management and Budget. They are so off the charts that I don’t think they will ever see the light of day. And that would be a good thing, because otherwise we will be facing a very unpleasant economic future.

To begin with, economic growth is expected to average about 4% per year over the next 5 years. That is quite a bit higher than the “new normal” consensus, which sees growth averaging about 2.5-3% per year. I don’t really have a problem with that, since I think the “new normal” consensus is too pessimistic. But regardless of how optimistic 4% sounds, the growth projections the administration is using imply that it would take 10 years or more for the economy to return to its potential, or full employment growth. That would amount to a decade of very frustrated voters.

Next, we have the assumption that, thanks to 4% growth and higher tax rates, there will be a surge in tax receipts stronger than we have ever seen before in post-war history. Amazingly, the administration is making little or no allowance for the likelihood that rising tax rates (e.g., the expiration of the Bush tax cuts, the imposition of big taxes on Cadillac health insurance policies, the limitation of deductions on high-income earners) and rising tax burdens might a) retard economic growth and/or b) result in lower-than-expected revenues (e.g., due to increased evasion). In other words, if the Laffer Curve asserts itself and/or the economy performs according to the “new normal” consensus, we would likely discover that tax receipts are significantly lower than the administration is projecting. …”

http://seekingalpha.com/article/187181-obama-s-budget-seriously-underestimates-deficit

U.S Debt Clock Real Time

http://www.usdebtclock.org/

Total National Debt
Fiscal Years 1900 to 2014
Year GDP-US
$ billion
Gross Public Debt-total
pct GDP
1900 20.6 10.37
1901 22.3 9.61
1902 24.1 17.70
1903 25.9 17.20
1904 25.7 18.18
1905 28.8 16.85
1906 31 16.43
1907 33.9 15.94
1908 30.1 19.20
1909 32.2 18.67
1910 33.4 18.74
1911 34.3 19.31
1912 37.4 18.70
1913 39.1 18.75
1914 36.5 21.23
1915 38.7 21.61
1916 49.6 19.00
1917 59.7 20.25
1918 75.8 28.47
1919 78.3 44.77
1920 88.4 38.86
1921 73.6 45.10
1922 73.4 45.06
1923 85.4 38.96
1924 86.9 38.03
1925 90.6 36.71
1926 96.9 34.48
1927 95.5 34.97
1928 97.4 34.15
1929 103.6 32.25
1930 91.2 36.76
1931 76.5 45.81
1932 58.7 65.91
1933 56.4 73.77
1934 66 69.67
1935 73.3 65.35
1936 83.8 63.55
1937 91.9 60.81
1938 86.1 65.74
1939 92.2 65.40
1940 101.4 62.38
1941 126.7 54.28
1942 161.9 56.68
1943 198.6 78.10
1944 219.8 99.40
1945 223.1 123.46
1946 222.3 128.40
1947 244.2 112.87
1948 269.1 100.69
1949 267.3 102.56
1950 293.8 95.80
1951 339.3 83.21
1952 358.3 80.72
1953 379.3 79.05
1954 380.4 81.54
1955 414.8 76.82
1956 437.4 73.53
1957 461.1 70.17
1958 467.2 71.60
1959 506.6 68.85
1960 526.4 67.68
1961 544.7 66.82
1962 585.6 64.72
1963 617.7 63.29
1964 663.6 60.87
1965 719.1 57.96
1966 787.7 54.20
1967 832.6 52.83
1968 909.8 51.52
1969 984.4 49.50
1970 1038.3 49.55
1971 1126.8 49.44
1972 1237.9 48.57
1973 1382.7 46.73
1974 1499.5 45.42
1975 1637.7 45.99
1976 1825.3 47.19
1977 2030.9 47.16
1978 2294.7 45.87
1979 2562.2 44.12
1980 2789.5 44.59
1981 3128.4 43.53
1982 3253.2 47.52
1983 3534.6 51.81
1984 3933.2 52.81
1985 4220.3 56.68
1986 4462.8 62.39
1987 4739.5 64.75
1988 5100.4 65.83
1989 5484.4 66.67
1990 5803.1 70.54
1991 5992.1 76.46
1992 6337.7 79.53
1993 6667.4 81.38
1994 7085.2 81.40
1995 7397.7 80.89
1996 7816.9 80.32
1997 8332.4 79.62
1998 8679.66 78.46
1999 9201.14 76.35
2000 9951.5 71.61
2001 10286.2 71.57
2002 10398.4 74.69
2003 11142.1 77.15
2004 11607 80.39
2005 12638.4 79.27
2006 13090.8 81.80
2007 14077.6 81.10
2008 14441.4 87.52
2009 14237.2 103.86
2010 14623.9 116.14
2011 15299 121.96
2012 16203.3 124.67
2013 17182.2 126.34
2014 18192.6 127.62

http://www.usgovernmentspending.com/downchart_gs.php?year=1900_2014&units=p&chart=H0-total&title=Total%20National%20Debt

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

George Soros: Barack Obama’s Money Man and Agenda Puppeter

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

President Barack Obama’s Role Model–President Franklin D. Roosevelt–The Worse President For The U.S. and World Economies and The American People–With The Same Results–High Unemployment Rates–Over 25 Million American Citizens Seeking Full Time Jobs Today–Worse Than The Over 13 Million Seeking Jobs During The Worse of The Great Depression!

Progressives

Progressive Radical Socialist Health Care Plan Written In Prison By Convicted Felon Richard Creamer!

Obamanomics–New Deal Progressive Radical Socialist Interventionism

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

The Great Depression and the Current Recession–Robert Higgs–Videos

The Obama Depression: Lessons Learned–Deja Vu!

Lord Christopher Monckton–Climate Change–Treaty–Videos

Progressive Radical Socialist Canned Criticism of American People: Danger, Profits, and Wrong Thinking

The Battle For The World Economy–Videos

Broom Budget Busting Bums: Replace The Entire Congress–Tea Party Express and Patriots–United We Stand!

Obama’s Civilian National Security Force–Youth Corp Wave–Friendly Fascism Faces–Cons–Crooks–Communists–Communities–Corps!

Obama’s Hidden Agenda and Covert Cadre of Marxists, Communists, Progressives, Radicals, Socialists–Far Left Democrats Destroying Capitalism and The American Republic

Yuri Bezmenov On KGB Soviet Propaganda and Subversion–Videos

The Bloody History of Communism–Videos

Obama Youth–Civilian National Security Force–National Socialism–Hitler Youth–Brownshirts– Redux?–Collectivism!

American Progressive Liberal Fascism–The Wave of The Future Or Back To Past Mistakes?

Today’s Progressives–Obama’s Radical Socialist Democratic Party

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

The Progressive Radical Socialist Family Tree–ACORN & AmeriCorps–Time To Chop It Down

It Is Official–America On The Obama Road To Fascism–Thomas Sowell!

President Obama and His Keynesian Spending Cult of The Fascist Democrat Radicals–FDRs

Economists

The Battle For The World Economy–Videos

Frederic Bastiat–The Law–Videos

Walter Block–Videos

Walter Block–Introduction To Libertarianism–Videos

Yaron Brook–Videos

Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

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

David Gordon–The Confused Literature of Globalization–Videos

Friedrich Hayek–Videos

Henry Hazlitt–Economics In One Lesson–Videos

The Great Depression and the Current Recession–Robert Higgs–Videos

Jörg Guido Hülsmann–The Ethics of Money Production–Videos

Jörg Guido Hülsmann–The Life and Work of Ludwig von Mises–Videos

Milton Friedman–Videos

Milton Friedman on Education–Videos

Milton Friedman–Debate In Iceland–Videos

Israel Kirzner–On Entrepreneurship–Vidoes

Liberal Fascism–Jonah Goldberg–Videos

Ludwig von Mises–Videos

Robert P. Murphy–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

George Gerald Reisman–Why Nazism Was Socialism and Why Socialism Is Totalitarian–Videos

Murray Rothbard–Videos

Murray Rothbard–Libertarianism–Video

Rothbard On Keynes–Videos

Murray Rothbard– What Has Government Done to Our Money?–Videos

Peter Schiff–Videos

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

Larry Sechrest–The Anticapitalists: Barbarians at the Gate–Videos

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

Amity Shlaes–Videos

Julian Simon–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

Peter Thiel–Videos

Thomas E. Woods, Jr.–Videos

Thomas E. Woods–The Economic Crisis and The Federal Reserve–Videos

Tom Woods–Lectures On Liberty–Videos

Tom Woods–Smashing Myths and Restoring Sound Money–Videos

Tom Wright On The FairTax–Videos

Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

 

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The American People Rising In Revolt Against The Progressive Radical Socialists–Democrats and Republicans!

Posted on January 27, 2010. Filed under: Demographics, Economics, Education, Employment, Farming, Fiscal Policy, government spending, Health Care, history, Immigration, Investments, Law, liberty, Life, media, Monetary Policy, People, Philosophy, Politics, Psychology, Rants, Raves, Strategy, Talk Radio, Taxes, Uncategorized, Video, Wisdom | Tags: , , , , , , , |

America Rising: An Open Letter to Democrat Politicians

 

Obama’s Spending Freeze

 

Obama’s Spending Freeze Is a Fraud that Locks In Dept Budgets at Artificially High Levels

Krauthammer on Obamas SOTU: “He Will Fake a Pivot”

Different government job figures and Obama 3 year spending freeze

Congressman Jeb Hensarling Nails Phony Obama Budget Freeze at Budget

 

Glenn Beck Show – January 27, 2010 – Pt 1 of 7

Glenn Beck Show – January 27, 2010 – Pt 2 of 7

Glenn Beck Show – January 27, 2010 – Pt 3 of 7

Glenn Beck Show – January 27, 2010 – Pt 4 of 7

 

Glenn Beck Show – January 27, 2010 – Pt 5 of 7

Glenn Beck Show – January 27, 2010 – Pt 6 of 7

Glenn Beck Show – January 27, 2010 – Pt 7 of 7

 

 Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus

 Obama’s So-Called Stimulus: Good For Government, Bad For the Economy

 

Stimulus II: A Sequel America Can’t Afford

 

Stop Spending Our Future – The Crisis

 

 

U.S. Debt Clock–Real Time

http://www.usdebtclock.org/ 

The National Debt Is Now Over  

$12,300,000,000,000 

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

The Total Unfunded Liabilities of

The United States of America Are Over 

$107,000,000,000,000 

We The People  

Are Broke! 

Stop Socialist Spending

 

Real Change and Hope 

Milton Friedman on Libertarianism (Part 4 of 4)

   

Shut Down and Close Permanently

10 Federal Government Departments,

 Several Agencies and Many Programs Now!

 

1. Department of Agriculture

2. Department of Commerce

3. Department of Education 

4. Department of Energy

5. Department of Health and Human Resources

6. Department of Housing and Urban Development

7. Department of Interior

8. Department of Labor

9. Department of Transportation

10. Department of Veterans Affairs

11. Environmental Protection Agency 

12. Other Independent Agencies

13. International Assistance Programs

  

If

We The People

 Do Not Do This Now

You Can Forgot About

Receiving  Your

Social Security and Medicare Benefits!

Social Security and Medicare Projections – I.O.U.S.A.

 

 

 

http://www.federalbudget.com/

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

 

We The People Stimulus Package

 

Ray Stevens – We The People

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

 

Background Articles and Videos

Ron Paul: State of the Union Address Part 1 of 3

 

Ron Paul: State of the Union Address Part 2 of 3

 

Ron Paul: State of the Union Address Part 3 of 3

 

Flashback: Obama Ridicules McCains Call for Spending Freeze

 

United States of Amercia Government

http://www.usa.gov/Agencies/Federal/Executive.shtml

 

 

Obama’s 2010 Federal Budget Explained in Plain English

by Rebekah Manning

http://www.onlineforextrading.com/blog/federal-budget-broken-down/

 

 http://www.scribd.com/doc/3015540/US-Budget-Deficit-or-Surplus-1960present

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

Record-High Deficit May Dash Big Plans

$1.4 Trillion in Red Ink Means Less to Spend On Obama’s Ambitious Jobs, Stimulus Policies

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/16/AR2009101602388.html

http://www.brutallyhonest.org/brutally_honest/2009/11/obama-tripled-the-national-deficit-his-first-year-in-office.html

  

http://online.wsj.com/article/SB125119686015756517.html

Unites States Cabinet

“… The United States Cabinet (usually referred to as the President’s Cabinet or simplified as the Cabinet) is composed of the most senior appointed officers of the executive branch of the federal government of the United States. Its existence dates back to the first American President, George Washington, who appointed a Cabinet of four people (Secretary of State Thomas Jefferson; Secretary of the Treasury Alexander Hamilton; Secretary of War Henry Knox; and Attorney General Edmund Randolph) to advise and assist him in his duties. Cabinet officers are nominated by the President and then presented to the United States Senate for confirmation or rejection by a simple majority. If approved, they are sworn in and begin their duties. Aside from the Attorney General, and previously, the Postmaster General, they all receive the title Secretary. Members of the Cabinet serve at the pleasure of the President. ..”

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

 

“…Department of Agriculture

The U.S. Department of Agriculture (USDA) develops and executes policy on farming, agriculture, and food. Its aims include meeting the needs of farmers and ranchers, promoting agricultural trade and production, assuring food safety, protecting natural resources, fostering rural communities, and ending hunger in America and abroad.

The USDA employs more than 100,000 employees and has an annual budget of approximately $95 billion. It consists of 17 agencies, including the Animal and Plant Health Inspection Service, the Food and Nutrition Service, and the Forest Service. The bulk of the department’s budget goes towards mandatory programs that provide services required by law, such as programs designed to provide nutrition assistance, promote agricultural exports, and conserve our environment. The USDA also plays an important role in overseas aid programs by providing surplus foods to developing countries.

The United States Secretary of Agriculture administers the USDA.

Department of Commerce

The Department of Commerce is the government agency tasked with improving living standards for all Americans by promoting economic development and technological innovation.

The department supports U.S. business and industry through a number of services, including gathering economic and demographic data, issuing patents and trademarks, improving understanding of the environment and oceanic life, and ensuring the effective use of scientific and technical resources. The agency also formulates telecommunications and technology policy, and promotes U.S. exports by assisting and enforcing international trade agreements.

The Secretary of Commerce oversees a $6.5 billion budget and approximately 38,000 employees.

Department of Defense

The mission of the Department of Defense (DOD) is to provide the military forces needed to deter war and to protect the security of our country. The department’s headquarters is at the Pentagon.

The DOD consists of the Departments of the Army, Navy, and Air Force, as well as many agencies, offices, and commands, including the Joint Chiefs of Staff, the Pentagon Force Protection Agency, the National Security Agency, and the Defense Intelligence Agency. The DOD occupies the vast majority of the Pentagon building in Arlington, VA.

The Department of Defense is the largest government agency, with more than 1.3 million men and women on active duty, nearly 700,000 civilian personnel, and 1.1 million citizens who serve in the National Guard and Reserve forces. Together, the military and civilian arms of DOD protect national interests through war-fighting, providing humanitarian aid, and performing peacekeeping and disaster relief services.

Department of Education
The mission of the Department of Education is to promote student achievement and preparation for competition in a global economy by fostering educational excellence and ensuring equal access to educational opportunity.

The Department administers federal financial aid for education, collects data on America’s schools to guide improvements in education quality, and works to complement the efforts of state and local governments, parents, and students.

The U.S. Secretary of Education oversees the Department’s 4,200 employees and $68.6 billion budget.

Department of Energy

The mission of the Department of Energy (DOE) is to advance the national, economic, and energy security of the United States.

The DOE promotes America’s energy security by encouraging the development of reliable, clean, and affordable energy. It administers federal funding for scientific research to further the goal of discovery and innovation — ensuring American economic competitiveness and improving the quality of life for Americans.

The DOE is also tasked with ensuring America’s nuclear security, and with protecting the environment by providing a responsible resolution to the legacy of nuclear weapons production.

The United States Secretary of Energy oversees a budget of approximately $23 billion and more than 100,000 federal and contract employees.

Department of Health and Human Services

The Department of Health and Human Services (HHS) is the United States government’s principal agency for protecting the health of all Americans and providing essential human services, especially for those who are least able to help themselves. Agencies of HHS conduct health and social science research, work to prevent disease outbreaks, assure food and drug safety, and provide health insurance.

In addition to administering Medicare and Medicaid, which together provide health insurance to one in four Americans, HHS also oversees the National Institutes of Health, the Food and Drug Administration, and the Centers for Disease Control.

The Secretary of Health and Human Services oversees a budget of approximately $700 billion and approximately 65,000 employees. The Department’s programs are administered by 11 operating divisions, including 8 agencies in the U.S. Public Health Service and 3 human services agencies.

Department of Homeland Security

The missions of the Department of Homeland Security are to prevent and disrupt terrorist attacks; protect the American people, our critical infrastructure, and key resources; and respond to and recover from incidents that do occur. The third largest Cabinet department, DHS was established by the Homeland Security Act of 2002, largely in response to the terrorist attacks on September 11, 2001. The new department consolidated 22 executive branch agencies, including the U.S. Customs Service, the U.S. Coast Guard, the U.S. Secret Service, the Transportation Security Administration, and the Federal Emergency Management Agency.

DHS employs 216,000 people in its mission to patrol borders, protect travelers and our transportation infrastructure, enforce immigration laws, and respond to disasters and emergencies. The agency also promotes preparedness and emergency prevention among citizens. Policy is coordinated by the Homeland Security Council at the White House, in cooperation with other defense and intelligence agencies, and led by the Assistant to the President for Homeland Security.

Department of Housing and Urban Development

The Department of Housing and Urban Development (HUD) is the federal agency responsible for national policies and programs that address America’s housing needs, that improve and develop the nation’s communities, and that enforce fair housing laws. The Department plays a major role in supporting homeownership for lower- and moderate-income families through its mortgage insurance and rent subsidy programs.

Offices within HUD include the Federal Housing Administration, which provides mortgage and loan insurance; the Office of Fair Housing and Equal Opportunity, which ensures all Americans equal access to the housing of their choice; and the Community Development Block Grant Program, which helps communities with economic development, job opportunities, and housing rehabilitation. HUD also administers public housing and homeless assistance.

The Secretary of Housing and Urban Development oversees approximately 9,000 employees on a budget of approximately $40 billion.

Department of the Interior

The Department of the Interior (DOI) is the nation’s principal conservation agency. Its mission is to protect America’s natural resources, offer recreation opportunities, conduct scientific research, conserve and protect fish and wildlife, and honor our trust responsibilities to American Indians, Alaskan Natives, and our responsibilities to island communities.

DOI manages 500 million acres of surface land, or about one-fifth of the land in the United States, and manages hundreds of dams and reservoirs. Agencies within the DOI include the Bureau of Indian Affairs, the Minerals Management Service, and the U.S. Geological Survey. The DOI manages the national parks and is tasked with protecting endangered species.

The Secretary of the Interior oversees about 70,000 employees and 200,000 volunteers on a budget of approximately $16 billion. Every year it raises billions in revenue from energy, mineral, grazing, and timber leases, as well as recreational permits and land sales.

Department of Justice

The mission of the Department of Justice (DOJ) is to enforce the law and defend the interests of the United States according to the law; to ensure public safety against threats foreign and domestic; to provide federal leadership in preventing and controlling crime; to seek just punishment for those guilty of unlawful behavior; and to ensure fair and impartial administration of justice for all Americans.

The DOJ is comprised of 40 component organizations, including the Drug Enforcement Administration, the Federal Bureau of Investigation, the U.S. Marshals, and the Federal Bureau of Prisons. The Attorney General is the head of the DOJ and chief law enforcement officer of the federal government. The Attorney General represents the United States in legal matters, advises the President and the heads of the executive departments of the government, and occasionally appears in person before the Supreme Court.

With a budget of approximately $25 billion, the DOJ is the world’s largest law office and the central agency for the enforcement of federal laws.

Department of Labor

The Department of Labor oversees federal programs for ensuring a strong American workforce. These programs address job training, safe working conditions, minimum hourly wage and overtime pay, employment discrimination, and unemployment insurance.

The Department of Labor’s mission is to foster and promote the welfare of the job seekers, wage earners, and retirees of the United States by improving their working conditions, advancing their opportunities for profitable employment, protecting their retirement and health care benefits, helping employers find workers, strengthening free collective bargaining, and tracking changes in employment, prices, and other national economic measurements.

Offices within the Department of Labor include the Bureau of Labor Statistics, the federal government’s principal statistics agency for labor economics, and the Occupational Safety & Health Administration, which promotes the safety and health of America’s working men and women.

The Secretary of Labor oversees 15,000 employees on a budget of approximately $50 billion.

Department of State

The Department of State plays the lead role in developing and implementing the President’s foreign policy. Major responsibilities include United States representation abroad, foreign assistance, foreign military training programs, countering international crime, and a wide assortment of services to U.S. citizens and foreign nationals seeking entrance to the U.S.

The U.S. maintains diplomatic relations with approximately 180 countries — each posted by civilian U.S. Foreign Service employees — as well as with international organizations. At home, more than 5,000 civil employees carry out the mission of the Department.

The Secretary of State serves as the President’s top foreign policy adviser, and oversees 30,000 employees and a budget of approximately $35 billion.

Department of Transportation

The mission of the Department of Transportation (DOT) is to ensure a fast, safe, efficient, accessible and convenient transportation system that meets our vital national interests and enhances the quality of life of the American people.

Organizations within the DOT include the Federal Highway Administration, the Federal Aviation Administration, the National Highway Traffic Safety Administration, the Federal Transit Administration, the Federal Railroad Administration and the Maritime Administration.

The U.S. Secretary of Transportation oversees approximately 55,000 employees and a budget of approximately $70 billion.

Department of the Treasury

The Department of the Treasury is responsible for promoting economic prosperity and ensuring the soundness and security of the U.S. and international financial systems.

The Department operates and maintains systems that are critical to the nation’s financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, the collection of taxes, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and, to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by improving the safeguards of our financial systems, implementing economic sanctions against foreign threats to the U.S., and identifying and targeting the financial support networks of national security threats.

The Secretary of the Treasury oversees a budget of approximately $13 billion and a staff of more than 100,000 employees.

Department of Veterans Affairs

The Department of Veterans Affairs is responsible for administering benefit programs for veterans, their families, and their survivors. These benefits include pension, education, disability compensation, home loans, life insurance, vocational rehabilitation, survivor support, medical care, and burial benefits. Veterans Affairs became a cabinet-level department in 1989.

Of the 25 million veterans currently alive, nearly three of every four served during a war or an official period of hostility. About a quarter of the nation’s population — approximately 70 million people — are potentially eligible for V.A. benefits and services because they are veterans, family members, or survivors of veterans.

The Secretary of Veterans Affairs oversees a budget of approximately $90 billion and a staff of approximately 235,000 employees.

http://www.whitehouse.gov/our-government/executive-branch

 

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Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

G. William Domhoff: Who Runs America–Videos

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Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

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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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Progressives

Progressive Radical Socialist Health Care Plan Written In Prison By Convicted Felon Richard Creamer!

Obamanomics–New Deal Progressive Radical Socialist Interventionism

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

The Great Depression and the Current Recession–Robert Higgs–Videos

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Obama’s Hidden Agenda and Covert Cadre of Marxists, Communists, Progressives, Radicals, Socialists–Far Left Democrats Destroying Capitalism and The American Republic

Yuri Bezmenov On KGB Soviet Propaganda and Subversion–Videos

The Bloody History of Communism–Videos

Obama Youth–Civilian National Security Force–National Socialism–Hitler Youth–Brownshirts– Redux?–Collectivism!

American Progressive Liberal Fascism–The Wave of The Future Or Back To Past Mistakes?

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

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Economists

The Battle For The World Economy–Videos

Frederic Bastiat–The Law–Videos

Walter Block–Videos

Walter Block–Introduction To Libertarianism–Videos

Yaron Brook–Videos

Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

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

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Friedrich Hayek–Videos

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Government

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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