Angelo Codevilla — The Ruling Class — Citizens v. the Ruling Elite — Videos

Posted on August 10, 2013. Filed under: American History, Blogroll, College, Communications, Constitution, Crime, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Inflation, Investments, IRS, Language, Law, liberty, Life, Links, Literacy, Macroeconomics, People, Philosophy, Photos, Politics, Press, Private Sector, Public Sector, Rants, Raves, Security, Tax Policy, Taxes, Technology, Terrorism, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , |



Angelo Codevilla – First Principles on First Fridays

Citizens v. the Ruling Elite

Featuring Mark Meckler, Co-founder, Tea Party Patriots; Eric O’Keefe, Co-Chairman, Campaign for Primary Accountability; Geoff Pallay, Special Projects Director, Ballotpedia; moderated by John Samples, Director of the Center for Representative Government, Cato Institute.

Only 12 percent of Americans now approve of the job Congress is doing. Despite that, incumbents are overwhelmingly re-elected. Eighty-six percent of them survived the 2010 elections for the House of Representatives. That’s not much of a surprise when you consider that 80 percent of House districts are safe for one of the two major parties and 62 percent of incumbents face no primary challenge at all. No wonder many Americans feel those who “represent” them in Washington don’t really represent them at all. A new organization, the Campaign for Primary Accountability, is trying to level the playing field and to restore real representation by making incumbents more accountable to citizens. Its efforts have won praise across the political spectrum and condemnation from fans of the status quo. But it is not alone. Mark Meckler, a founder of the Tea Party Patriots, is launching a new effort to change American elections for the better. Please join us to hear these leaders talk about their continuing struggle to take back America.


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God Bless The Tea Party: Senators Cruz and Rand, Representatives Bachmann and King, Broadcaster Beck — Complete Coverage of The Tea Party’s Audit The IRS Rally at the U.S. Capitol on June 19, 2013 — Videos

Posted on June 22, 2013. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Computers, Constitution, Crime, Culture, Demographics, Diasters, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, government, government spending, history, History of Economic Thought, Illegal, Immigration, Inflation, Investments, Law, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Press, Private Sector, Psychology, Public Sector, Radio, Rants, Raves, Regulations, Security, Talk Radio, Taxes, Terrorism, Unemployment, Unions, Video, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , |


Tea+Party+rally+at+Capitolted_cruz_michele-bachmann_33irs-rally-wide-shotGlenn Beck addresses the crowd during a Tea Party rally to "Audit the IRS" in front of the U.S. Capitol in Washington

Jon Stewart Totally DESTROYS Obama Administration Over IRS Scandal | A MUST WATCH

Senator Cruz says Abolish the IRS tea party rally, June 19, 2013

Rand Paul speaks at IRS Rally, June 19, 2013

Michele Bachmann: I Was An IRS Insurgent Because Understanding The Enemy Is Best Way To Defeat Them

Congressman Steve King –Tea Party Patriots “Audit the IRS” Rally

Niger Innis to Tea Partiers: “You are the Modern Civil Rights Movement!”

Niger Innis, Chief Strategist for, gave a powerful speech at the Audit the IRS rally on June 19th in which he stated that the Tea Party movement is the modern day Civil Rights movement.

Glenn Beck: Audit IRS Rally FULL Speech (37 Min.)

Glenn Beck’s FULL speech at the Tea Party’s Audit The IRS Rally at the U.S. Capitol on June 19th, 2013.

IFL President Andrew Langer Speaks At The Tea Party Patriots Audit the IRS Rally

On June 19, 2013, Institute for Liberty President Andrew Langer gave the closing remarks at the #AuditTheIRS rally held at the US Capitol in Washington, DC. The event was organized by the Tea Party Patriots. Mr. Langer’s remarks centered on his view that the suppression of opposition is de facto tyranny, something anathema to a thriving republic.

R – Tea Party Patriots – #1- Eva Mazella

A – Tea Party Patriots – #2 Jim Murphy, 6-19-13

A- Tea Party Patriots # 3 – Ann – 6-19-13

6-19-13 – ‘Audit the IRS’ Rally – #4 – Laurie, Arlington – 6-19-13


Audit the IRS News Conference at the Capitol June 19, 2013

The Five Takes On ‘Audit The IRS’ Rally: Tea Party Movement Is ‘Roaring Back To Life’

June 19, 2013: The Day In 100 Seconds

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Playing The Sequester Blame Game: Drama Obama Not Problem Solver But Blame Shifter–Republicans Are Not Problem Solvers But Blame Shifters–Shut Off The Blame Shifters–Lead, Follow, or Get Out of The Way–Balance The Budget In Four Years By Real Cuts of $250 Billion Each Year To Budget Baseline for Four Years For Total of $1,000 Billion or You Are Out–Tea Party Patriots Proclamation–Videos

Posted on February 20, 2013. Filed under: Banking, Blogroll, Books, Communications, Economics, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, History of Economic Thought, Inflation, Law, liberty, Life, media, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Raves, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , |

Obama PROMISES To Cut Deficit In Half By 2012

Live Obama speech on debt 23th february 2009

Amazing – Obama Caught in Bald-Faced Lie on White House Sequester

Sequester- President Obama says $85B in spending cuts WILL kick in Friday

Judge Napolitano: Facts About Sequester Caught Up To Obama “His Scare Tactics Are Reprehensible”

Obama’s big lie and massive deficits: spending addiction disorder (SAD)

By Raymond Thomas Pronk

Crisis and fear mongering as well as blame shifting are again running rampant among the ruling political elites in Washington over out-of-control government spending and what to do about it.

President Barack Obama and progressive Congressional Democrats want to increase federal government spending by increasing taxes through closing so-called “tax loopholes” or more precisely eliminating existing tax deductions and credits in the Internal Revenue code.

House Speaker John Boehner and conservative Congressional Republicans want to decrease government spending and decrease tax rates by also eliminating “tax loopholes.” There is no middle ground to negotiate given the diametrically opposed positions of the political parties. This was not always the case.

Early in his first term Obama delivered a speech in the White House titled “A New Era of Responsibility,” captured on the YouTube video titled “Obama will cut deficit in half FEB 2009.”  He said, “We cannot, and will not, sustain deficits like these without end. Contrary to the prevailing wisdom in Washington these past few years, we cannot simply spend as we please and defer the consequences to the next budget, the next administration, or the next generation.

“We are paying the price for these deficits right now. In 2008 alone, we paid $250 billion in interest on our debt — one in every 10 taxpayer dollars. That is more than three times what we spent on education that year; more than seven times what we spent on VA health care.

“So if we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes, and our children and our grandchildren are unable to pursue their dreams because they’re saddled with our debts.

“And that’s why today I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay — and that means taking responsibility right now, in this administration, for getting our spending under control.”

The last George W. Bush deficit for fiscal year 2008 was nearly $459 billion. If Obama was serious about meeting his pledge of cutting the deficit in half by the end of his first term, the deficit should have been less than $230 billion for fiscal year 2012. Obama did the exact opposite of what he promised the American people he would do in February 2009. Instead of cutting the deficit in half, he doubled the deficit to more than a trillion dollars for each fiscal year he has been in office as the table below clearly shows:

Summary of Spending Outlays, Tax Receipts, Deficits (-) or Surpluses, 2005-2013 

      (in millions of dollars)

Fiscal Year

Spending Outlays

Tax Receipts

-Deficit +Surplus

President (Party) House Control Senate Control




Bush (R) Republicans Democrats




Bush (R) Republicans Democrats




Bush (R) Democrats Democrats




Bush (R) Democrats Democrats




Obama (D) Democrats Democrats




Obama (D) Democrats Democrats




Obama (D) Republicans Democrats




Obama (D) Republicans Democrats
2013 est.




Obama (D) Republicans Democrats
Source: The Budget for Fiscal Year 2013, Historical Tables, Table 1.1

These massive and unprecedented deficits required that the national debt be increased to pay for the government’s out-of-control spending and for Congress to increase the debt ceiling to $16.4 trillion. On Aug. 2, 2011 President Obama signed into law The Budget Control Act of 2011. This ended the so-called debt ceiling crisis by increasing the debt-level immediately by $400 billion and allowing Obama to ask for another increase of the ceiling by $500 billion with Congressional approval in the future. The law established the Congressional Joint Select Committee on Debt Reduction, better known as the “super committee,” with the task of reducing the deficit by $1.5 trillion by Dec. 23, 2011. The super committee failed to accomplish its assigned task.

This triggered the sequestration provisions in the law requiring across-the-board cuts in government spending of $1.2 trillion over 10 years with a corresponding increase in the debt-level by $1.2 trillion. Both Democrats and Republicans voted for the sequestration when they passed the law. However, the original idea for sequestration came from White House congressional relations chief Rob Nabors and Jack Lew, who was then budget director, whom with Obama’s approval presented the idea to Democratic Senate Majority Leader Harry Reid, according to Bob Woodward as documented in his book “The Price of Politics.“

On Jan. 31, Congress suspended the borrowing limit or debt ceiling of $16.4 trillion for three months until May 19.

By March 1 Congress needed to cut $1.2 trillion from the growth in the Congressional Budget Office baseline for fiscal years 2013 through 2021 or the sequestration would be triggered. These automatic spending cuts had to come from both discretionary and mandatory spending.

Under the sequestration order for fiscal year 2013, signed by Obama on Mar. 1, there needs to be a $85.3 billion cut in growth in federal government budget authority of which $42.7 billion is defense, $28.7 billion non-defense discretionary, $9.9 billion Medicare and $4 billion other mandatory.

For fiscal year 2013 the total federal government spending outlays are estimated to be about $3.8 trillion with estimated total tax revenues of about $2.9 trillion resulting in a deficit of about $901 billion. The sequestration impact for fiscal year 2013 is an estimated $44 billion cut in spending outlays or about 1.4% of total federal government spending.

The crisis and fear mongering and blame shifting is never-ending as Congress must now agree to a fiscal year 2013 continuing resolution by March 31. Meanwhile the U.S. economy is on the verge of another recession with higher unemployment rates and many more millions of unemployed Americans.

The absence of leadership in Washington to budget to estimated tax receipts and by so doing live within the means of the American people is the core problem. The solution would require the repeal of Congress’s baseline budgeting process whereby current spending levels are used to determine future funding requirements by adding increased funding for population growth, inflation and other factors to the current level of spending. The congressional budget baseline process totally ignores estimated tax receipts or revenues as a budgetary constraint. The result is massive unsustainable deficits.

Obama’s new era of responsibility was pure propaganda prevarication. Obama’s age of fiscal insanity and spending addiction disorder continues to destroy jobs, wreck the economy and kill the American dream. Neither progressive Democrats nor Republicans have the will, courage, integrity, wisdom and vision to balance the federal budget. Truly unbelievable.



Historical Debt Outstanding – Annual 2000 – 2012

Includes legal tender notes, gold and silver certificates, etc.

The first fiscal year for the U.S. Government started Jan. 1, 1789.  Congress changed the beginning of the fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today.

To find more historical information, visit The Public Debt Historical Information  archives.

Date Dollar Amount
09/30/2012 16,066,241,407,385.89
09/30/2011 14,790,340,328,557.15
09/30/2010 13,561,623,030,891.79
09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86

The Debt to the Penny and Who Holds It

U.S. Debt Clock

Budget Control Act Sequestration Would Hit Defense Hardest





Rand Paul: Sequester Doesn’t Cut Enough – Stossel 2/28/2013

Balderdash! Sen. Rand Paul demolishes Obama’s sequester scare tactics


Illegal Immigrants Released from Detention Centers…

Bernanke Urges Sequestration Alternative

The Obama Sequester: He Was For It, Before He Was Against It

Obama Then and Now: I was for the sequester and now I am against it

Rand Paul: Obama Claiming To Have Cut Debt By $2 Trillion Is Absurd – 2/13/2013

Paul Ryan confronted on sequester

The Truth about Sequestration

Fiscal Cliff: 5 Facts about the Federal Budget (animated) (2012)

Sequestration 101

Sequestration and transfer authority

Rand Paul: Sequester Is A Pittance – 2/19/2013

Rand Paul to Obama on Sequester: Stand Up, Be a Leader and Just Do the Right Thing

Sen Paul Sequester Barely Cuts Any Icing From Cake

Greenspan:  Odds of Sequestration Occurring Are Very High

Krauthammer: ‘Republicans Should Do Nothing’ On The Sequester

Next big challenge facing DC: The sequester

US military fighting against ‘sequester’ cuts

What is the March 1 sequester!…

Sessions Criticizes Composition Of Sequester, Says Surging Domestic Spending

Understanding the Sequester with David Sirota

Obama Senior Adviser: Haven’t Talked To Congressional Leaders About The Obama

Bob Woodward: Sequester was Obama’s Solution

Drama Obama Pleas For Delay To Sequestration Cuts

Jay Carney: Yes the Sequester Idea Was Put Forward by the President’s Team

Flashback: Obama promises veto stopgap alternative to sequester cuts

Bob Woodward on ‘The Price of Politics,’ Fiscal Fight

In summer 2011, a partisan Congress sparred with the White House on how to solve the U.S. debt crisis. Judy Woodruff talks to journalist Bob Woodward about his new book, “The Price of Politics,” about how Washington’s politicians couldn’t look past their own political aspirations in order to forge a deal.

Our Lying President – Debate lie on sequestration

White House Already Backpedaling On Obama Sequestration Comments

Bob Woodward talks about his new book ‘The Price of Politics’

Fox & Friends Rips Obama On Sequester: Is It ‘Blackmail’ To Get More Tax Hikes

CBO Director: “We haven’t seen a specific proposal” from Obama on replacing

OBAMA despises his OWN idea: the SEQUESTER

Obama:Congress Putting Thousands Of Jobs At Risk

Markets Will React Big When Reality Sets In

Peter Schiff: Obama recession will be worse than the Obama recovery

John Lennon – Give Peace or  Sequester A Chance (Original Video Tape)

John Boehner: The President Is Raging Against a Budget Crisis He Created

Obama invented the ‘sequester’ in the summer of 2011 to avoid facing up to America’s spending problem.


A week from now, a dramatic new federal policy is set to go into effect that threatens U.S. national security, thousands of jobs and more. In a bit of irony, President Obama stood Tuesday with first responders who could lose their jobs if the policy goes into effect. Most Americans are just hearing about this Washington creation for the first time: the sequester. What they might not realize from Mr. Obama’s statements is that it is a product of the president’s own failed leadership.

The sequester is a wave of deep spending cuts scheduled to hit on March 1. Unless Congress acts, $85 billion in across-the-board cuts will occur this year, with another $1.1 trillion coming over the next decade. There is nothing wrong with cutting spending that much—we should be cutting even more—but the sequester is an ugly and dangerous way to do it.

By law, the sequester focuses on the narrow portion of the budget that funds the operating accounts for federal agencies and departments, including the Department of Defense. Exempt is most entitlement spending—the large portion of the budget that is driving the nation’s looming debt crisis. Should the sequester take effect, America’s military budget would be slashed nearly half a trillion dollars over the next 10 years. Border security, law enforcement, aviation safety and many other programs would all have diminished resources.

How did the country find itself in this mess?

During the summer of 2011, as Washington worked toward a plan to reduce the deficit to allow for an increase in the federal debt limit, President Obama and I very nearly came to a historic agreement. Unfortunately our deal fell apart at the last minute when the president demanded an extra $400 billion in new tax revenue—50% more than we had shaken hands on just days before.

It was a disappointing decision by the president, but with just days until a breach of the debt limit, a solution was still required—and fast. I immediately got together with Senate leaders Harry Reid and Mitch McConnell to forge a bipartisan congressional plan. It would be called the Budget Control Act.

The plan called for immediate caps on discretionary spending (to save $917 billion) and the creation of a special House-Senate “super committee” to find an additional $1.2 trillion in savings. The deal also included a simple but powerful mechanism to ensure that the committee met its deficit-reduction target: If it didn’t, the debt limit would not be increased again in a few months.

But President Obama was determined not to face another debt-limit increase before his re-election campaign. Having just blown up one deal, the president scuttled this bipartisan, bicameral agreement. His solution? A sequester.

With the debt limit set to be hit in a matter of hours, Republicans and Democrats in Congress reluctantly accepted the president’s demand for the sequester, and a revised version of the Budget Control Act was passed on a bipartisan basis.

Ultimately, the super committee failed to find an agreement, despite Republicans offering a balanced mix of spending cuts and new revenue through tax reform. As a result, the president’s sequester is now imminent.

Both parties today have a responsibility to find a bipartisan solution to the sequester. Turning it off and erasing its deficit reduction isn’t an option. What Congress should do is replace it with other spending cuts that put America on the path to a balanced budget in 10 years, without threatening national security.

Having first proposed and demanded the sequester, it would make sense that the president lead the effort to replace it. Unfortunately, he has put forth no detailed plan that can pass Congress, and the Senate—controlled by his Democratic allies—hasn’t even voted on a solution, let alone passed one. By contrast, House Republicans have twice passed plans to replace the sequester with common-sense cuts and reforms that protect national security.

The president has repeatedly called for even more tax revenue, but the American people don’t support trading spending cuts for higher taxes. They understand that the tax debate is now closed.

The president got his higher taxes—$600 billion from higher earners, with no spending cuts—at the end of 2012. He also got higher taxes via ObamaCare. Meanwhile, no one should be talking about raising taxes when the government is still paying people to play videogames, giving folks free cellphones, and buying $47,000 cigarette-smoking machines.

Washington must get serious about its spending problem. If it can’t reform America’s safety net and retirement-security programs, they will no longer be there for those who rely on them. Republicans’ willingness to do what is necessary to save these programs is well-known. But after four years, we haven’t seen the same type of courage from the president.

The president’s sequester is the wrong way to reduce the deficit, but it is here to stay until Washington Democrats get serious about cutting spending. The government simply cannot keep delaying the inevitable and spending money it doesn’t have.

So, as the president’s outrage about the sequester grows in coming days, Republicans have a simple response: Mr. President, we agree that your sequester is bad policy. What spending are you willing to cut to replace it?

— Mr. Boehner, a Republican congressman from Ohio, is speaker of the House.

A version of this article appeared February 20, 2013, on page A15 in the U.S. edition of The Wall Street Journal, with the headline: The President Is Raging Against a Budget Crisis He Created.

2013 United States federal budget

The 2013 United States federal budget is the budget to fund government operations for the fiscal year 2013, which is October 2012–September 2013. The original spending request was issued by President Barack Obama in February 2012.[1] The actual appropriations for fiscal year 2013 must be authorized by the full Congress before the budget can take effect, in accordance with the United States budget process.

The Budget Control Act of 2011 mandates caps on discretionary spending, which under current law will be lowered beginning in January 2013 to remove $1.2 trillion of spending over the following ten years. In addition, several temporary tax cuts are scheduled to expire at the beginning of the 2013 calendar year, including the 2001 and 2003 Bush tax cuts on income, capital gains, and estate tax, which had been extended in a 2010 tax deal, as well as a payroll tax cut that began as a result of the 2010 deal and had been most recently extended in an early 2012 tax deal. The combination of sudden spending cuts and tax increases has led to concerns about significant negative effects on the economy in the wake of the weak recovery from the late 2000s recession.


Budget Control Act and the Deficit Reduction Committee

The Budget Control Act of 2011 was passed in August 2011 as a resolution to the debt-ceiling crisis. The fiscal year (FY) 2013 budget is the first to be affected by the second of two rounds of budget cuts specified in the act. (The first round of cuts has already been applied to the ten years beginning in FY2012.) For this second round of cuts, the Budget Control Act had formed the United States Congress Joint Select Committee on Deficit Reduction, sometimes referred to as the “supercommittee”, to identify at least $1.2 trillion in cuts over the ten years beginning with FY2013, and specified automatic across-the-board cuts of the same amount, equally split between security and non-security programs, if no such budget reduction legislation was passed by Congress.[4]

On November 21, 2011, the Joint Select Committee on Deficit Reduction announced that it did not reach a deal on the budget-cutting legislation, raising the possibility that the automatic cuts would be activated if the full Congress could not enact its own deficit reduction legislation by December 23, 2011. The supercommittee’s lack of an agreement was attributed to the refusal of Republicans to consider any tax increases, combined with Democratic insistence on including these revenue increases such as the expiration of the Bush tax cuts, which under current law expire at the end of 2012.[5]

Initial proposals

President Obama’s February 2012 budget message to Congress addressed themes of economic crisis and response, an updated defense strategy, taxation fairness, income equality, fiscal responsibility, and investments in education and research to help the U.S. compete economically. He wrote: “The way to rebuild our economy and strengthen the middle class is to make sure that everyone in America gets a fair shot at success. Instead of lowering our standards and our sights, we need to win a race to the top for good jobs that pay well and offer security for the middle class. To succeed and thrive in the global, high-tech economy, we need America to be a place with the highest-skilled, highest-educated workers; the most advanced transportation and communication networks; and the strongest commitment to research and technology in the world. This Budget makes investments that can help America win this race, create good jobs, and lead in the world economy.”[6]

Key elements of the President’s budget for fiscal year (FY) 2013 included expiration of a variety of tax cuts for couples earning over $250,000 ($200,000 if single), short-term stimulus measures to support job growth, and targeted tax cuts for families and businesses. The budget included 2013 revenues of $2.9 trillion or 17.8% GDP (up from $2.5 trillion or 15.8% GDP in 2012) and spending of $3.8 trillion or 23.3% GDP (similar to the prior year in dollar terms but below the 24.3% GDP in 2012). The projected 2013 deficit was $900 billion (5.5% GDP), down from the 2012 deficit of $1.3 trillion (8.5% GDP).[7]

Over the 2013-2022 period, the budget essentially freezes defense and non-defense discretionary spending in dollar terms, such that these categories shrink relative to a growing economy, from 8.7% GDP to 5.9% GDP. Mandatory spending (e.g., Medicare, Medicaid, Social Security, and other safety net programs) remain around 14% GDP. Net interest rises from 1.5% GDP to 3.3% GDP. Revenues rise steadily during the period from 17.8% GDP to 20.1% GDP, averaging 19.2% GDP.[8] Debt held by the public rises from $12.6 trillion to $18.7 trillion, but remains flat around 77% GDP during the period.[9]

On May 16, 2012, the United States Senate voted on a 52-page Republican budget amendment billed as a summary of the nearly 2,000 pages in the Obama administration’s 2013 budget proposal. The amendment was defeated by a unanimous 99–0 vote, which paralleled the House of Representatives having voted a similar rejection in March by a count of 414–0. Those defeats of the Republicans’ amendments marked the second year in a row such summary bills met unanimous opposition.[10] In explaining their votes against, Congressional Democrats disputed whether the Republican summary accurately represented the Obama budget proposal; by contrast, Congressional Republicans claimed that their amendment included ample data taken directly from said budget.[11]

Legislation begins to be passed

On July 31, 2012, a tentative deal was announced to fund the government from October 2012 through March 2013 through a continuing resolution, with spending rates slightly higher than the FY2012 levels. The deal was reached because Republicans were eager to avoid a prolonged dispute that could threaten a government shutdown just before the upcoming 2012 general elections.[12] The bill, the Continuing Appropriations Resolution, 2013, was passed in the House 329–91,[13] passed in the Senate 62–30,[14] and signed by President Obama on September 28, 2012.[15]

On August 1, 2012, the House and Senate passed competing bills on the extension of the Bush tax cuts. The House bill would extend all the tax cuts for one year, while the Senate version would allow taxes to rise on incomes over $250,000. The passage of the bills was reported as being intended as political cover; progress on tax legislation was not expected until after the November elections.[16]

In late December, the Republican House leadership proposed legislation that would allow tax cuts to rise relative to 2012 levels only for annual income over $1,000,000. The proposal was known as “Plan B”, and was intended to force the Senate and the Obama administration to pass it and delay further negotiations until the following month, when Republicans were expected to use the reaching of the federal debt limit as leverage. However, the House vote on the plan was abruptly cancelled on December 20, 2012 after it became clear that the bill did not have enough support to pass, due to conservative members of the House who would not support any legislation that would raise taxes without also cutting spending.[17]

On December 28, 2012, the Senate passed the Disaster Relief Appropriations Act, 2013 to provide for $60.4 billion in additional spending to cover recovery costs from Hurricane Sandy, which had hit the northeastern United States in late October. The bill passed the Senate 62–32, but faced uncertain prospects in the House.[18]

At around 2 a.m. on January 1, 2013, the Senate passed a compromise bill, the American Taxpayer Relief Act of 2012, by a margin of 89–8. The bill would delay the budget sequestration by two months, and bill includes $600 billion over ten years in new tax revenue relative to extending 2012 levels, which is about one-fifth of the revenue that would have been raised had no legislation been passed. The revenue would come from increased marginal income and capital gains tax rates relative to their 2012 levels for annual income over $400,000 for individuals and $450,000 for couples; a phase-out of certain tax deductions and credits for those with incomes over $250,000 for individuals and $300,000 for couples, an increase in estate taxes relative to 2012 levels on estates over $5 million, and expiration of the two-year-old cut to payroll taxes, which is applied to income under the Social Security Wage Base, which was $110,100 in 2012. All these changes would all be made permanent.[19][20] House Speaker John Boehner promised a prompt vote on the Senate bill, but the prospect of the House passing an amended bill raised the prospect that legislation might not be enacted by the end of the 112th Congress at noon on January 3.[21]


Implications of the Budget Control Act

Main articles: Budget Control Act of 2011 and United States fiscal cliff

The automatic cuts of $1.2 trillion resulting from the absence of a deal from the supercommittee over ten years would be split equally between security and non-security programs, and include $500 billion in cuts to the Department of Defense. The FY2013 defense budget would be reduced 11%, from $525 billion to $472 billion, after already having been cut from $571 billion in the first installment of cuts in the Budget Control Act. Secretary of Defense Leon Panetta initially gave the total cut figure as 23%.[22] The planned cuts include reductions in troop levels, a modest limit in pay raises for soldiers starting in 2015, an increase in health fees for veterans, delays in the construction of new naval ships and in the purchasing of new fighter aircraft such as the F-35, and the possibility of a round of base closings within the United States, but cuts to special operations, cyberwarfare, and intelligence programs were avoided.[23] Initial reports had also suggested that the number of carrier battle groups might be reduced from 11 to 10,[22] although it was later determined that the number of aircraft carriers would not in fact be cut.[24] Some Republicans in Congress advocated reversing the cuts to the military, citing the effect on national security, and Secretary Panetta has opposed the cuts, calling them “devastating” and raising “substantial risk of not being able to meet our defense needs.” President Obama has promised to veto any legislation seeking to avoid the cuts, and House Speaker John Boehner also indicated his commitment to following the cuts in the Budget Control Act.[5][25] According to the Center for American Progress, several Presidents have significantly reduced defense spending after wars, without compromising national security. Defense spending in 2011 remained high by historical standards, adjusted for inflation.[26]

The Budget Control Act also specifies automatic cuts of 7.8% to domestic programs and 2% to Medicare, while Medicaid and Social Security will be unaffected. These entitlement programs were protected from cuts in return for the absence of new revenues in the Budget Control Act.[27]

The automatic cuts to domestic programs would include cuts of up to 11% to science research and development agencies such as the National Institutes of Health, NASA, and the U. S. National Laboratories run by the Department of Energy. It is anticipated that this could cause federal grant acceptance levels to fall into the single digits, a consequence which has been called catastrophic for academic institutions by Michael Lubell of the American Physical Society. The cuts could also endanger politically controversial research such as climate change research programs in NASA and National Oceanic and Atmospheric Administration.[28] Due to the role of scientific research in economic growth and job creation, and given international competition in this field, the cuts have been opposed by professional and academic organizations, and federal support of research and development has been called “an area of U.S. investment too critical to be cut” by the American Association for the Advancement of Science.[29][30]

Ten-year projections

Annual rates of increase in major revenue categories budgeted for the 2012-2022 period were:

  • Individual income taxes: 8.4%
  • Corporation income taxes: 8.2%
  • Social insurance (mainly payroll) taxes: 6.6%
  • Total tax revenues: 7.6%

Annual rates of increase in major spending categories budgeted for the 2012-2022 period were:

  • Defense: 1.8%
  • Non-defense discretionary: 1.6%
  • Social Security: 5.8%
  • Medicare: 6.6%
  • Medicaid: 8.5%
  • Net interest: 14.2%
  • Total spending: 5.0%[31]

Changes in revenues primarily represent a return to the long-run average. Tax revenues historically have averaged around 18% GDP. The subprime mortgage crisis resulted in significant declines in revenues due to high unemployment and reduced economic activity, with revenue falling to a record low 15% GDP. President Obama’s budget preserves the Bush income tax cuts for couples earning below $250,000, while eliminating some tax exemptions and deductions (tax expenditures).[32]

Defense and non-defense discretionary expenses are essentially frozen in real dollar terms for the 2013-2022 period, growing at or below the rate of inflation. Department of Defense spending rose at an annual rate of 8% between 2000 and 2011; this amount includes both the baseline and war spending. Non-defense discretionary spending rose at an annual rate of 6.6% between 2000 and 2011. Mandatory spending is mainly driven by demographic changes (i.e., an aging population, with fewer workers per retiree), healthcare cost increases per capita, and Social Security cost of living adjustments. Interest costs represent a return to more typical interest rates as the economy recovers along with the growing public debt.[32]

Total revenues and spending

The Obama administration’s February 2012 budget request contained $2.902 trillion in receipts and $3.803 trillion in outlays, for a deficit of $901 billion.[33] The budget projects a reduction in the deficit to $575 billion by 2018 before rising to $704 billion by 2022.[34]

Total receipts (in billions of dollars)::

Item Requested[33]
Individual income tax 1,359
Corporate income tax 348
Social Security and other payroll tax 959
Excise tax 88
Customs duties 33
Estate and gift taxes 13
Deposits of earnings and Federal Reserve System 80
Other miscellaneous receipts 21
Total 2902

Total outlays by agency (in billions of dollars):

Agency Discretionary Mandatory Total
Department of Defense including Overseas Contingency Operations 666.2 6.7 672.9
Department of Health and Human Services including Medicare and Medicaid 80.6 860.3 940.9
Department of Education 67.7 4.2 71.9
Department of Veterans Affairs 60.4 79.4 139.7
Department of Housing and Urban Development 41.1 5.2 46.3
Department of State and Other International Programs 56.1 3.4 59.5
Department of Homeland Security 54.9 0.5 55.4
Department of Energy 35.6 –0.6 35.0
Department of Justice 23.9 12.7 36.5
Department of Agriculture 26.8 127.7 154.5
National Aeronautics and Space Administration 17.8 –0.02 17.8
National Intelligence Program 52.6 0 52.6
Department of Transportation 24.0 74.5 98.5
Department of the Treasury 14.1 96.2 110.3
Department of the Interior 12.3 1.2 13.5
Department of Labor 13.2 88.4 101.7
Social Security Administration 11.7 871.0 882.7
Department of Commerce 9.5 –0.5 9.0
Army Corps of Engineers Civil Works 8.2 –0.007 8.2
Environmental Protection Agency 9.2 –0.2 8.9
National Science Foundation 7.4 0.2 7.5
Small Business Administration 1.4 –0.006 1.4
Corporation for National and Community Service 1.1 0.007 1.1
Net interest 246 0 246
Disaster costs 2 0 2
Other spending 34.0- 61.7 29.5
Total 1,510 2,293 3,803


  1. ^ Riley, Charles (February 13, 2012). “Obama unveils $3.8 trillion budget”. CNNMoney. Retrieved February 13, 2012.
  2. ^ Hensarling, Jeb (November 22, 2011). “Why the Super Committee Failed”. The Wall Street Journal. Retrieved December 9, 2011.
  3. ^ Murray, Patty. “Deficit-reduction chair says she’s not done working for compromise”. Retrieved December 14, 2011.
  4. ^ Lisa Mascaro; Kathleen Hennessey (July 31, 2011). “U.S. leaders strike debt deal to avoid default”. Los Angeles Times.
  5. ^ a b Steinhauer, Jennifer; Cooper, Helene; and Pear, Robert (22 November 2011). “Panel Fails to Reach Deal on Plan for Deficit Reduction”. The New York Times: p. A18. Retrieved 7 December 2011.
  6. ^ President Obama-The Budget Message of the President-February 2012
  7. ^ OMB-President Obama’s 2013 Budget-Summary Tables S5 and S6
  8. ^ OMB-President Obama’s 2013 Budget-Summary Table S-6
  9. ^ OMB-President Obama’s 2013 Budget-Summary Table S15
  10. ^ Dinan, Stephen (16 May 2012). “Obama budget defeated 99-0 in Senate”. Washington Times. Retrieved 16 May 2012.
  11. ^
  12. ^ Steinhauer, Jennifer (1 August 2012). “Leaders Reach Tentative Deal on Spending to Avoid Fight Before Election Day”. The New York Times: p. A11. Retrieved 1 August 2012.
  13. ^ Weisman, Jonathan (14 September 2012). “House Republicans Welcome Back Ryan, and His Vote, on a Spending Measure”. The New York Times: p. A13. Retrieved 21 September 2012.
  14. ^ “U.S. Senate Roll Call Votes 112th Congress – 2nd Session: On the Joint Resolution (H.J.Res. 117)”. United States Senate. Retrieved 1 October 2012.
  15. ^ “Status of Appropriations Legislation for Fiscal Year 2013”. Library of Congress. Retrieved 1 October 2012.
  16. ^ Weisman, Jonathan (2 August 2012). “House Approves One-Year Extension of the Bush-Era Tax Cuts”. The New York Times: p. A12. Retrieved 21 September 2012.
  17. ^ Weisman, Jonathat (21 December 2012). “Boehner Cancels Tax Vote in Face of G.O.P. Revolt”. The New York Times: p. A1. Retrieved 1 January 2013.
  18. ^ Hernandez, Raymond (29 December 2012). “Senate Passes $60.4 Billion for Storm Aid; Bill’s Fate in House Is Unclear”. The New York Times: p. A15. Retrieved 1 January 2013.
  19. ^ Weisman, Jonathan (1 January 2013). “Senate Passes Legislation to Allow Taxes on Affluent to Rise”. The New York Times. Retrieved 1 January 2013.
  20. ^ Hook, Janet; Hughes, Siobhan (1 January 2013). “Fiscal-Cliff Focus Moves to House”. The Wall Street Journal. Retrieved 1 January 2013.
  21. ^ Steinhauer, Jennifer; Weisman, Jonathan (1 January 2013). “G.O.P. Anger Over Tax Deal Endangers Final Passage”. The New York Times. Retrieved 1 January 2013.
  22. ^ a b Bumiller, Elisabeth (23 November 2011). “Despite Threat of Cuts, Pentagon Officials Made No Contingency Plans”. The New York Times: p. A20. Retrieved 7 December 2011.
  23. ^ Bumiller, Elisabeth; Shanker, Thom (27 January 2012). “Defense Budget Cuts Would Limit Raises and Close Bases”. The New York Times: p. A12. Retrieved 3 February 2012.
  24. ^ Stewart, Phil (21 January 2012). “U.S. won’t cut carrier fleet to fix budget, Panetta says”. Reuters. Retrieved 3 February 2012.
  25. ^ Steinhauer, Jennifer (23 November 2011). “Automatic Military Cuts May Stand in Congress”. The New York Times: p. A20. Retrieved 7 December 2011.
  26. ^ Center on American Progress-A Historical Perspective on Defense Spending-July 2011
  27. ^ Bendavid, Naftali (21 November 2011). “Congress’s Deficit ‘Bomb’: Scary or Not?”. Washington Wire. The Wall Street Journal. Retrieved 7 December 2011.
  28. ^ Hand, E. (2011). “Debt deal sets day of reckoning”. Nature 476 (7359): 133–134. doi:10.1038/476133a. PMID 21833060. edit
  29. ^ Ham, Becky (25 November 2011). “Science, Engineering Groups Urge Lawmakers to Protect R&D”. Science 334 (6059): 1079. doi:10.1126/science.334.6059.1079.
  30. ^ “Open Letter to the United States Congress Joint Select Committee on Deficit Reduction”. Stand With Science. Retrieved 7 December 2011.
  31. ^ OMB-President Obama’s 2013 Budget-Summary Table S4 and S5
  32. ^ a b CBO-Long Term Economic Outlook-January 2012
  33. ^ a b “Fiscal Year 2013 Budget of the U.S. Government”. United States Office of Management and Budget. Retrieved 13 February 2012.
  34. ^ Weisman, Jonathan (2012-02-10). “Obama Budget Bets Other Concerns Will Trump the Deficit”. New York Times. Retrieved 2012-04-22.

Further reading

External links

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Tea Party Patriots Lead America Back To The Future And The American Dream–Vote For Liberty–Videos

Posted on October 28, 2010. Filed under: Blogroll, Communications, government, government spending, Language, Law, liberty, Life, People, Philosophy, Politics, Raves, Technology, Video, Wisdom | Tags: , , , , , , , |

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Glenn Beck-10/28/10-B


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The Tea Party Patriots–Libertarians or Ruling Class Puppets–Time Will Tell–Videos

Posted on October 12, 2010. Filed under: Blogroll, Economics, Education, Employment, Energy, Farming, Federal Government, Fiscal Policy, government, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Raves, Regulations, Religion, Science, Security, Taxes, Technology, Video, War, Wisdom | Tags: , , , , |

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

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“…The White House intensified its attacks Sunday on the powerful U.S. Chamber of Commerce for its alleged ties to foreign donors, part of an escalating Democratic effort to link Republican allies with corporate and overseas interests ahead of the November midterm elections.

“…The party has also seized on a report last week by ThinkProgress, an arm of the liberal Center for American Progress, documenting the chamber’s ties to “AmChams” and other overseas business groups that pay dues to the U.S.-based group. The report said the chamber funds U.S. political activities out of the same account that collects foreign dues, and raised the possibility that the money could be unlawfully commingled.

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Republicans’ “A Pledge To America”–A Good Start Or A Missed Opportunity–Videos

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“History does not long entrust the care of freedom to the weak or the timid.”

~ President Dwight D. Eisenhower

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Full Text of Republican

A Pledge to America

a new governing agenda build on

The Priorities of Our Nation

The Principles We Stand For


America’s  Founding Values


America is more than a country.

America is an idea – an idea that free people can govern themselves, that government’s powers
are derived from the consent of the governed, that each of us is endowed by their Creator with
the unalienable rights to life, liberty, and the pursuit of happiness. America is the belief that any
man or woman can – given economic, political, and religious liberty – advance themselves, their
families, and the common good.

America is an inspiration to those who yearn to be free and have the ability and the dignity to
determine their own destiny.

Whenever the agenda of government becomes destructive of these ends, it is the right of the
people to institute a new governing agenda and set a different course.

These first principles were proclaimed in the Declaration of Independence, enshrined in the
Constitution, and have endured through hard sacrifice and commitment by generations of

In a self-governing society, the only bulwark against the power of the state is the consent of the
governed, and regarding the policies of the current government, the governed do not consent.
An unchecked executive, a compliant legislature, and an overreaching judiciary have combined
to thwart the will of the people and overturn their votes and their values, striking down longstanding
laws and institutions and scorning the deepest beliefs of the American people.

An arrogant and out-of-touch government of self-appointed elites makes decisions, issues
mandates, and enacts laws without accepting or requesting the input of the many.


Rising joblessness, crushing debt, and a polarizing political environment are fraying the bonds
among our people and blurring our sense of national purpose.

Like free peoples of the past, our citizens refuse to accommodate a government that believes it
can replace the will of the people with its own. The American people are speaking out,
demanding that we realign our country’s compass with its founding principles and apply those
principles to solve our common problems for the common good.

The need for urgent action to repair our economy and reclaim our government for the people
cannot be overstated.

With this document, we pledge to dedicate ourselves to the task of reconnecting our highest
aspirations to the permanent truths of our founding by keeping faith with the values our nation
was founded on, the principles we stand for, and the priorities of our people. This is our Pledge
to America.

We pledge to honor the Constitution as constructed by its framers and honor the original intent
of those precepts that have been consistently ignored – particularly the Tenth Amendment,
which grants that all powers not delegated to the United States by the Constitution, nor
prohibited by it to the states, are reserved to the states respectively, or to the people.
We pledge to advance policies that promote greater liberty, wider opportunity, a robust defense,
and national economic prAmerica is more than a country.

We make this pledge bearing true faith and allegiance to the people we represent, and we invite
fellow citizens and patriots to join us in forming a new governing agenda for America. …”

The biggest problem with “A Pledge To American” is its failure to address in a bold and creative way the economic problems facing the United States and its people.

Does the Republican Pledge permanently close one or more Federal Departments?


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Debt bomb 12 How to cut federal spending

Ronald Reagan – “We the People”

Does the Republican Pledge offer comprehensive tax reform such as the national sales consumption tax to replace the Federal Income Tax, payroll, estate and gift taxes?


The FairTax: It’s Time

Does the Republican Pledge produce annual  surplus budgets by limiting Federal Government spending to 80% of FairTax revenue?


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

Does the Republican Pledge transform Social Security and Medicare to an individually controlled and owned investment retirement  account and health insurance plan.


Social Security Ponzi Scheme

Does the Republican Pledge address illegal immigration by demanding immigration law enforcement and the removal and deportation of illegal aliens?


Lou Dobbs – E-Verify & Border Fence may be canceled – Feb 16, 2009

Bilbray on the Cost of Illegal Immigration and Amnesty

Why not?

The Republican Pledge was vetted by political consultants and  lobbyists on K street who oppose all of the above as do the Republican establishment.

The Republican Pledge is simply timid or more precisely the anti-Obama agenda.

The Republican Pledge is neither bold nor inspiring with the exception of the preamble.

Going back to 2008 in Federal spending levels and freezing Federal  Government employee hiring is too little too late.

Why would we want to go back to where we were just two years ago?

Now if you want to go back to 1928 Federal spending levels under President Calvin Coolidge that would be ambitious.

A return to the  Republican establishment status quo in 2008 is playing defense.

Both  the economic policies and government intervention of Bush and Obama are responsible for the Great Recession.

This reminds me of  the economic policies and government intervention of Hoover and Roosevelt in the 1930s that led to the Great Depression.

Time to go on the offense.

Independents and tea party patriots will not be impressed.

Yes, the Pledge is better than the agenda of progressive radical socialists Democratic Party led by Barack Obama.

This is a a very low bar or standard to exceed.

Time for a new third political party with the tea party patriots as its core base with independents and the young as its growth opportunity.

Glenn Beck nailed it, the Pledge tells you what you want to hear, but does not tell you the truth and what you need to hear.

Glenn Beck-09/23/10-A

Glenn Beck-09/23/10-B

Glenn Beck-09/23/10-C

Ron Paul is also right, a GOP victory in 2010 would bring no change.

It would take several election cycles before the mess in Washington is cleaned up and the economy on the road to recovery a growth.

American Morning: Ron Paul on the state of the GOP

Ron Paul: GOP 2010 Victory Would Bring No Change

our pledge

As government expands, liberty contracts.

~President Ronald Reagan

Background Articles and Videos

Ronald Reagan TV Ad: “Its morning in America again”

Milton Friedman – The Great Depression Myth

Unpacking the “Pledge to America”

By Daniel Foster

“…The Pledge places job creation front and center, promising to stop all tax hikes scheduled to take effect on January 1, 2011 — not just those singled out by the Obama administration. The plan would also give small businesses the ability to deduct 20 percent of income from tax returns and, in an effort to tame productivity-stifling overregulation, would require congressional approval for any new administration rules that would impact the economy by $100 million or more.

Turning its attention to spending and the size of government, the Pledge proposes to immediately end TARP, cancel unspent stimulus dollars, and “roll back government spending to pre-stimulus, pre-bailout levels,” a move estimated to save $116 billion in the first year alone. It promises to end the government’s involvement in the revenue-sapping GSEs Fannie Mae and Freddie Mac while shrinking their portfolios and establishing new capital standards.

To rein in the size of government, the document proposes a hiring freeze on non-security personnel, and calls for any new federal program to come with a “sunset” clause that would place the onus on legislators to routinely reassess its merits and justify new funding.

But the plan does not set specific spending targets, promising only to “significantly” reduce Congress’s next budget and place a “hard cap” on the growth of future discretionary spending.

And it is decidedly vague on entitlement reform, laying out in broad terms a commitment to “regularly review” and “fully account” for Social Security, Medicare and Medicaid growth, but stopping well short of embracing specific entitlement reforms like those proposed in Wisconsin GOP congressman Paul Ryan’s “Roadmap.” …”

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Atlas Shrugged, Capitalism, Individualism and Tea Party Patriots–Videos

Posted on July 6, 2010. Filed under: Blogroll, Demographics, Economics, government, government spending, history, Immigration, Investments, Law, liberty, Life, Links, People, Philosophy, Politics, Quotations, Rants, Raves, Taxes, Video, Wisdom | Tags: , , , , , |

Intellectual Ammunition for Tea Party Activists

The Relevance of Atlas Shrugged in Today’s World – Ayn Rand Center for Individual Rights

Atlas Shrugged and the Tea Party Revolts

Why Atlas Shrugged Changes Lives

Stossel On Atlas Shrugged Part 6

John Galt’s Speech – Atlas Shrugged

Tea Party Member Stuns Crowd! ORIGINAL!!!

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