John Samples — The Struggle To Limit Government — Videos
Cato Connects: Election 2014 (David Boaz & John Samples)
‘Tea Party’ Political Groups and Government (John Samples)
Advice to Tea Partiers
‘Dark Money’ Groups and Political Speech
Stephen Colbert’s SuperPAC, the FEC and Citizens United (John Samples)
Cato Institute’s John Samples discusses the likely survival of the Citizens United ruling
Cato Institute’s John Samples discusses the future of Citizens United campaign finance rules
Obama’s Unprecedented War Powers Claims
Cato’s John Samples Looks at President Obama’s Justification for War in Libya
Part 1 Mike Pence with John Samples Cato Institute Corporate Personhood
Part 2 Mike Pence with John Samples Cato Institute Corporate Personhood
Part 3 Mike Pence with John Samples Cato Institute Corporate Personhood
Part 4 Mike Pence with John Samples Cato Institute Corporate Personhood
Underwhelming Spending Cuts from Congress and Obama
Background Articles and Videos
Is Limited Government an Oxymoron? | Thomas E. Woods, Jr.
Why America Should Default and You Should Live Abroad: Q&A with Doug Casey
Doug Casey – Decline of Empire Parallels Between the US and Rome [Capitalism & Morality 2014]
Doug Casey: Economy Will Crash, World War III Coming & End Cash
BEST ANARCHISM SPEECH: Doug Casey on the 7 billion Chimpanzees Facing Economic Collapse
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The Coming Wipe Out Election of 2014 Drowns Democrats in Defeat and Obama’s Failed Presidency — Republicans Will Control Senate With 56 Senators and House With 250 Representatives — Jobs –Obamacare–Budgets — Scandals (JOBS) Were The Issues — Big Losers: The Washington Political Elitist Establishment (PEEs) and Mainstream Media — Real Winners: Independents and Tea Party Patriots — Balance The Budget and Enforce Immigration Law and Deport The 30-50 Illegal Aliens Now Or You Are Next! — Videos
The Pronk Pops Show Podcasts
Pronk Pops Show 362: November 3, 2014
Pronk Pops Show 361: October 31, 2014
Pronk Pops Show 360: October 30, 2014
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Story 1: The Coming Wipe Out Election of 2014 Drowns Democrats in Defeat and Obama’s Failed Presidency — Republicans Will Control Senate With 56 Senators and House With 250 Representatives — Jobs –Obamacare–Budgets — Scandals (JOBS) Were The Issues — Big Losers: The Washington Political Elitist Establishment (PEEs) and Mainstream Media — Real Winners: Independents and Tea Party Patriots — Balance The Budget and Enforce Immigration Law and Deport The 30-50 Illegal Aliens Now Or You Are Next! — Videos
http://www.gallup.com/poll/15370/party-affiliation.aspx
The Ventures Live: Wipe Out
• Glenn Beck Discusses 2014 Midterm Elections • Hannity • 10/28/14
Will Republicans win control the Senate?
Scathing Immigration Report – Illegal Immigration Laura Ingraham Weighs In – O’Reilly
Officials say suspect in killings of California deputies was deported twice
Mexican Man Who was Deported Twice Kills 2 Cops and 1 Civilian in California.
Suspect in Killing of Deputies Was Twice Deported
Deputy killed, three others hurt in California shooting spree
Suspect in Sacramento deputy shootings now in custody
Illegal alien kills two California sheriff deputies
Confirmed — illegal alien drug dealer cop killer deported twice
Sheriff’s officials have identified the suspect as Marcelo Marquez, but the U.S. Immigration and Customs Enforcement agency said in a statement Saturday that his name actually is Luis Enrique Monroy-Bracamonte.
Glenn Beck On Tea Party Vs Republican Party – O’Reilly
Poll shows independents growing in US
Poll Record High 42 Percent Americans Identify As Independents
Most Political Independents Ever In USA
Reason’s Nick Gillespie on the Rise of the Independent Voter
Dan Mitchell Discussing the Tipping Point when America Becomes a Failed Welfare State
5 Facts About Govt Spending: Nick Gillespie at Reason Weekend 2012
“Politicians are like criminals in Batman comics. They’re a superstitious, cowardly lot. And the minute that they know they’re going to lose elections because they’re spending too much money, they will find their inner cheapskate and start [spending less],” said Reason’s Nick Gillespie during his speech at the Reason Weekend event in Las Vegas. In “5 Unacknowledged, Unexpected, and Unavoidable Facts about Government Spending and the Economy,” Gillespie says politicians such as President Obama and John Boehner are in denial. Influential economists like Paul Krugman and Lawrence Summers correctly diagnose debt as a problem even as they prescribe more debt as the cure. Gillespie argues that: • We’re spending too much. Two wars, entitlement growth, and a massive stimulus are the results of a spending frenzy over the last decade. • We’ve got too much debt. Every level of government is in over their heads. The literal and figurative bankruptcies of cities such as Stockton, California and Harrisburg, Pennsylvania are the canaries in the coal mine. • Debt overhang kills growth. The latest studies are clear: excessive debt, sustained over long periods of time, hurts economic growth. Beyond the cost of higher interest rate payments, increasingly higher debt loads — which Gillespie calls “a ziggurat of doom” — promises to reduce opportunities for everyone. • Spending growth is driven by entitlements. Since the Great Society programs of the 1960s, the government has switched from providing infrastructure and basic services, to being a national insurance broker. The consequences of this are dire because, as statistician Nate Silver notes, “most of us don’t much care for our insurance broker.” • Trust in government is at historic lows. This kind of distrust is an inevitable result of a mismanaged economy. Yet it’s also cause for optimism. Public discontent sow the seeds of reform, allowing the possibility of meaningful fiscal reform. Gillespie’s talk, in which he also sketches solutions to long-term economic malaise, is followed by audience Q&A.
Eight Reasons Why Big Government Hurts Economic Growth
Free Markets and Small Government Produce Prosperity
Want Less Corruption? Shrink the Size of Government
TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism
This interview was filmed February 10, 1999. What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, Senior Research Fellow, Hoover Institution, Nobel Laureate in Economic Sciences discusses how he balances the libertarians’ desire for a small, less intrusive government with environmental, public safety, food and drug administration, and other issues.
TAKEOVER: “The Rise Of The Tea Party”
The Tea Party Continuing the Revolution in American Thought
Tea Party America (BBC Documentary)
Yaron Brook at Tea Party Patriots Summit
Will Hunting had it right 14 years ago
George Carlin – It’s a big club and you ain’t in it
George Carlin – Voting
Independments Walk Out of
The Democratic and Republican Parties
The Ventures – Walk Don’t Run
Independent and Tea Party Patriot Candidates
And New Third Party Are In The Pipeline
The Ventures – PIPELINE
U.S. Voters Divided on Party Better to Control Congress
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Republican Senators and Representatives Traitors To The Principle of Fiscal Responsibility and Conservative and Tea Party Movement — Republican Conservative, Libertarian and Tea Party Base Will Take Out The Republican Budget Big Interventionist Government Spenders — Videos
The Pronk Pops Show Podcasts
Pronk Pops Show 182: December 16, 2013
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The Pronk Pops Show Podcasts Portfolio
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Segment 1: Republican Senators and Representatives Traitors To The Principle of Fiscal Responsibility and Conservative and Tea Party Movement — Republican Conservative, Libertarian and Tea Party Base Will Take Out The Republican Budget Big Interventionist Government Spenders — Videos
US budget deal clears key Senate hurdle
Boehner lashes out at conservative groups over fragile budget deal
Budget Deal Exposes GOP Split Fox News Sunday Panel w Chris Wallace
Senate Republicans split over budget deal
Budget Deal Disappointment: Dr. Coburn on Morning Joe 12/11/2013
Grover Norquist – President of Americans for Tax Reform
Sen. Rand Paul on state of GOP, new budget deal
GOP Learder Take Aim At Tea Party Critics As House Passes Budget Deal – Sen Mike Lee (R-UT)
John Boehner places blame for horrid Congress where it belongs
By David Horsey
Setting new lows for accomplishment in its first year, the 113th Congress is on track to wrest the title of Worst Congress Ever from the horrid 112th Congress. House Speaker John A. Boehner bears a great deal of blame for this dismal record, but he can be commended for finally calling out the conservative activist organizations that have been cheering on the congressional drive toward ignominy.
Last week, with Congress on the verge of actually doing something – passing a compromise two-year budget that would avoid another disastrous government shutdown – right-wing groups such as the Club for Growth, Heritage Action and the tea party umbrella organization FreedomWorks demanded that Republicans vote against the spending plan and threatened that a “yes” vote could be used against incumbents in the 2014 GOP primaries.
At long last, Boehner had had enough. In a news conference Wednesday, the speaker hammered the conservative hard-liners, saying: “They’re using our members and they’re using the American people for their own goals. This is ridiculous. If you’re for more deficit reduction, you’re for this agreement.”
In another gathering with reporters Thursday, Boehner took a repeat shot. “I think they’re pushing our members in places where they don’t want to be,” he said. “And frankly, I just think that they’ve lost all credibility.”
Boehner went on to lay blame for October’s government shutdown squarely with the right-wing money groups. Those groups pushed the shutdown as a bold plan, encouraging the tea party faction of the House Republicans to resist more moderate voices in their caucus. “My members know that wasn’t exactly the strategy I had in mind,” the speaker said.
Besides the satisfaction of seeing Boehner smack down the people who have helped turn the Republican Party into a narrow cult of neo-Confederates, it is gratifying to have him lay bare the preposterous lie many of his conservative compatriots tried to foist on the American people at the time of the shutdown. The very right-wingers who engineered the government closure and were eager for a rejection of the debt ceiling raise, including Sen. Ted Cruz, Rep. Michele Bachmann and the whole crew on Fox News, are the ones who tried to pin blame for it all on President Obama. Unsurprisingly, the faction of Americans who live in a paranoid, Obama-fearing bubble eagerly swallowed this canard.
Now, though, the Republican speaker has spoken the truth. One can hope it is the first small step toward the Grand Old Party being restored to sanity and the first sign that Congress is edging toward redemption.
Hatch Joins Other Republicans in Supporting Budget Deal
By JONATHAN WEISMAN
Support for a compromise two-year budget deal grew on Monday ahead of a Tuesday vote in the Senate as Republicans concluded that a measure that achieved overwhelming bipartisan support in the House could not die in Congress’s upper chamber.
Senator Orrin G. Hatch, Republican of Utah, announced his support for the measure on Monday, appearing to give it the 60 votes it would need to overcome a filibuster threat and bring it to a final vote, which would need only a majority. Mr. Hatch joined Senators John McCain and Jeff Flake of Arizona, Richard M. Burr of North Carolina, Susan Collins of Maine and Ron Johnson of Wisconsin, all Republicans who have said they will vote to cut off debate.
“This agreement isn’t everything I’d hoped it would be, and it isn’t what I would have written,” Mr. Hatch said. “But sometimes the answer has to be yes. The reality is that Republicans only control one-half of one-third of government.”
The deal, struck by Senator Patty Murray, Democrat of Washington, and Representative Paul D. Ryan, Republican of Wisconsin, sailed through the House last week but ran into a toxic mix of re-election politics, presidential positioning and hurt feelings in the Senate.
Senator Harry Reid of Nevada, the Democratic majority leader, held a rare session on Sunday to formally file to end debate on the measure. Business groups, including the Business Roundtable, which represents the chief executives of the largest American corporations, pressed Senate Republicans to get on board, countering pressure from conservative groups that oppose the deal.
“The Ryan-Murray budget legislation, while not perfect, offers stability and the opportunity for the U.S. government to once again operate responsibly within the confines of an approved budget. It is both balanced and fiscally responsible. We are confident that if enacted it would help provide a platform for greater investment, job creation, and growth,” wrote Randall Stephenson, chairman-elect of the roundtable and chief executive of AT&T.
Mr. Ryan, chairman of the House Budget Committee and his party’s vice-presidential nominee in 2012, and Speaker John A. Boehner of Ohio worked behind the scenes to win support from Senate Republicans.
And with a public showdown looming, undecided Republicans decided on Monday to come off the fence. Even some Republicans who had privately signaled opposition last week were coming around, convinced that a deal that passed the House 332-94, with a strong majority of Republicans behind it, could not be derailed in the Senate.
CNN vote count: Budget deal nearing Senate approval, but not there yet
CNN’s Dan Merica and Ted Barrett
Washington (CNN) – The budget deal struck by Republican and Democratic lawmakers that easily passed the House of Representatives last week has run into some opposition in the Senate. But according to CNN’s vote count, the deal appears to be nearing passage.
There are currently a total of 36 aye votes for the budget, according to the count, with four Republicans joining 31 Democrats and one independent. All no votes, according to the count, are coming from Republicans, with 20 Senate offices telling CNN they plan to vote against the deal.
While Democrats do not have the 50 votes needed for final passage, top aides in both parties privately expressed confidence on Friday the bill will get the necessary support, even if a couple of wary moderate Democrats end up voting “no.”
But before the measure faces a final vote, it will need to pass the higher threshold of 60 votes to clear procedural hurdles. But Republicans – like Richard Burr of North Carolina and Jeff Flake of Arizona – have said they plan to back the motions that will eventually allow Democrats to only need a straight majority to pass the bill.
The four Republicans who plan to support the deal are Susan Collins of Maine, John McCain of Arizona, Ron Johnson of Wisconsin and Orrin Hatch of Utah.
Hatch is the most recent Republican to come out in support of the bill. In a Monday statement, the Republican lawmaker said that “this agreement isn’t everything I’d hoped it would be, and it isn’t what I would have written. But sometimes the answer has to be yes.”
“The reality is that Republicans only control one-half of one-third of government,” Hatch said. “Ultimately, this agreement upholds the principles conservatives stand for and, with Democrats controlling the White House and the Senate, it is the best we could hope for.”
The deal worked out by House Budget Chairman Rep. Paul Ryan and Senate Budget Committee Chairwoman Patty Murray soared through the house, passing by a 332-94 vote. The budget – while smaller than some had wanted – is a bright spot of bipartisanship in what has been a year full of bitter partisanship.
For many, the deal represents a way to ensure that government doesn’t shut down again – like it did for 16 days in October.
In the Senate, however, lawmakers from both sides of the aisle have questioned aspects of the deal. More liberal senators – like Tom Harkin for Iowa – complained that an unemployment benefit extension was not included in the deal.
“There’s over a million people now who cannot find a job, out of work, and right at this time of year their unemployment insurance is being cut off,” Harkin told Radio Iowa last week. “It’s really unconscionable.”
If lawmakers don’t act, unemployment benefits – at a cost of $26 billion, according to the Congressional Budget Office – will expire for 1.3 million workers on December 28.
On the other side, more conservative members of the the Senate – like John Thune of South Dakota – told CNN he can’t support the deal because it doesn’t “include meaningful spending reforms that address our debt and deficit.”
Republican Sen. Lindsay Graham of South Carolina, along with other senators, have also raised question about reductions in cost of living benefits for military retirees.
“After careful review of the agreement, I believe it will do disproportionate harm to our military retirees,” Graham said in a release. “Our men and women in uniform have served admirably during some of our nation’s most troubling times. They deserve more from us in their retirement than this agreement provides.”
Over a quarter of the Senate remains on the fence – with 27 members, including 12 Democrats – telling CNN they have not yet decided how they plan to vote. Representatives from five offices – two Democrats and three Republicans – told CNN they are not announcing how they are voting.
“I will look closely at the details of this budget and evaluate how it meets the needs of New Mexicans and our country as a whole,” Democrat Sen. Martin Heinrich of New Mexico told CNN. Republicans also remain undecided, like John Cornyn of Texas, whose spokesman told CNN that the senator “will take a close look” at the deal but “is concerned about reversing spending cuts.”
For this vote count, CNN has reached out to all 100 Senate offices and 12 have not responded.
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JEFF SESSIONS: SENATE GOP TO FILIBUSTER PAUL RYAN’S BUDGET DEAL
Sen. Jeff Sessions (R-AL), the ranking GOP member of the Senate Budget Committee, said Thursday that Senate Republicans plan to filibuster the budget deal that House Budget Committee chairman Rep. Paul Ryan (R-WI) cut with Senate Budget Committee chairwoman Sen. Patty Murray (D-WA).
The deal passed the House 332-94, with 62 Republicans and 32 Democrats voting against it. The bill is expected to come up for votes in the Senate early next week, either Monday or Tuesday.
The type of filibuster Sessions spoke of is not the traditional “talking filibuster” like the one Sen. Rand Paul (R-KY) launched earlier this year to protest Attorney General Eric Holder and President Barack Obama’s drone policies. It is a procedural filibuster, The Hill reports, that would require Senate Majority Leader Harry Reid (D-NV) to at least twice obtain 60 votes to pass the bill.
“They’ll need 60 votes on cloture and 60 votes on the budget point of order,” Sessions said, according to The Hill.
Since there are only 55 Democrats in the U.S. Senate, Reid will twice need at least five Republicans to break from their party and support the budget deal. Reid may need more Republicans if liberals like Sens. Tom Harkin (D-IA) or Bernie Sanders (I-VT) oppose the deal because it does not extend unemployment benefits. Considering 32 Democrats voted against the deal in the House, it seems plausible Reid may lose at least one, maybe two Democrats in the Senate.
Senate Republicans largely seem unified against the bill. As of late Thursday, not one Senate Republican confirmed suppot of the plan.
Senate Minority Leader Mitch McConnell will vote against it, and Senate Minority Whip John Cornyn and GOP conference chairman John Thune have indicated their opposition to it as well. Sen. Pat Roberts (R-KS) has said he opposes it. Sens. Ted Cruz (R-TX), Marco Rubio (R-FL), Rand Paul (R-KY), Mike Lee (R-UT), Jeff Flake (R-AZ), and Sessions each oppose it too.
Sens. Bob Corker (R-TN), Lindsey Graham (R-SC), Kelly Ayotte (R-NH), and Roger Wicker (R-MS), who usually support similar measures, have each announced their opposition.
Sen. Thad Cochran (R-MS) is undecided as of this point, and while Sen. John McCain (R-AZ)—easily the Senate’s most liberal Republican—has said he is leaning “yes,” he has not yet committed to voting for the deal, citing concerns with military pension cuts in it.
Appropriators like Sens. Susan Collins (R-ME) and Lisa Murkowski (R-AK) have not committed either, according to Roll Call.
Sen. Dick Durbin (D-IL), the Majority Whip in the Senate, confirmed to reporters on Thursday that the Democrats need GOP votes to make this happen.
“We need Republican votes to pass the budget agreement, period,” Durbin said. “We need at least five, and I’m hoping that there’ll be more than that. There are not five who Republicans have announced they’re for it, I mean to my knowledge, and I hope there are many more than that, and they’re just holding back for any number of reasons.”
While the deal is more likely to pass the Senate than not, the question becomes about which Republicans — if any — Reid will be able to attract to support the Ryan budget deal.
It’s war! Senate gears up for epic battle as ZERO Republicans line up to support budget agreement (and Democrats need to find at least five)
- Congress needs to pass a new budget by January 15 to avoid another government shutdown
- Republican Rep. Paul Ryan and Democratic Sen. Patty Murray negotiated a framework and tried to sell it to their respective majorities
- The GOP-led House passed the plan Thursday night despite complaints from tea partiers and other budget hawks
- But objections from Senate Republicans, including a claim that the plan restores spending cuts by shortchanging veterans’ pensions, could kill it
A landmark budget agreement that passed in the U.S. House on Thursday faces certain death in the Senate unless at least five Republicans step up to support it – but so far there are no takers at all.
The GOP’s Senate leaders plan to launch a procedural effort to kill the plan over a laundry list of objections – including a claim that it short-changes military veterans and other government retirees.
Senate Majority Whip Dick Durbin conceded that he needs to find Republicans who will vote for the measure after Republicans announced their intention Thursday night to block the deal.
‘We need Republican votes to pass the budget agreement, period,’ Durbin told reporters on Thursday. ‘We need at least five. And I’m hoping that there will be more than that.’
Durbin, an Illinois Democrat and the third-most powerful Senate leader, acknowledged that ‘there are not five Republicans who have announced they’re for it.’
In fact, no Republican senators have publicly said that they will vote in favor of the agreement that Republican Rep. Paul Ryan and Democratic Sen. Patty Murray unveiled Tuesday evening.
Their plan would roll back $63 billion in mandatory cuts from the so-called budget sequester that took effect in March. Some of that restored spending would be offset by cuts to military and civilian government pensions.
Annual cost-of-living increases in most military veterans’ retirement benefits would be cut by 1 per cent, an amount that the Military Officers Association of America says could cost a typical former soldier or sailor $80,000 over a 20-year period.
The GOP’s three most senior senators, including Minority Leader Mitch McConnell, have announced that they will vote ‘no.’
Senators Ted Cruz, Marco Rubio and Rand Paul, all considered top-tier presidential contenders in 2016, are all lined up against the measure.
The proposal ‘spends more, taxes more, and allows continued funding for Obamacare,’ Cruz said Thursday. ‘I cannot support it.’
Rubio emailed supporters on Wednesday, saying that the agreement Ryan and Murray negotiated over a six-week period ‘continues Washington’s irresponsible budgeting decisions by spending more money than the government takes in and placing additional financial burdens on everyday Americans.’
And Paul said in a statement that the March sequester cuts ‘were not nearly enough to address our deficit problem. Undoing tens of billions of this modest spending restraint is shameful and must be opposed.’
Other Republicans who face primary challenges from tea party-backed candidates are also vowing to cast ‘no’ votes.
‘After careful review of the agreement, I believe it will do disproportionate harm to our military retirees,’ South Carolina Republican Sen. Lindsey Graham said in a statement.
‘Our men and women in uniform have served admirably during some of our nation’s most troubling times. They deserve more from us in their retirement than this agreement provides.’
Sen. Roger Wicker, a Mississippi Republican, echoed Graham’s complaint.
‘I do not support paying for increased federal spending on the backs of our retired and active duty troops,’ Wicker’s Thursday statement read. ‘Congress should not change the rules in the middle of the game for those who have chosen to serve our nation in the military. … The plan should be rejected.’
Other Republicans object to what one GOP Senate staffer told MailOnline is the agreement’s ‘pixie dust approach to budgeting.’
‘We’re doing what we always do,’ said the aide, who spoke on condition of anonymity. ‘We set out a ten-year plan while knowing full well that we have a decade to undo it and shift gears again.’
Alabama Republican Jeff Sessions explained that Democrats will need 60 ‘yes’ votes – on two separate procedural ballots – in order to pass it.
The GOP’s parliamentary roadblocks will have the same effect as a traditional filibuster without consuming countless hours of Senate time when the measure is considered early next week.
Even if Senate Democrats manage to find enough Republican support to pass the agreement, it won’t have the force of law.
What Ryan and Murray proposed Wednesday is merely a framework for a budget that has yet to be written. Members of Congress who sit on appropriation committees will still be required to craft – and pass in both houses – a final budget bill by January 15.
Unless they can pull it off, the federal government will be headed for its second shutdown in three months.
Read Full Post | Make a Comment ( None so far )Tea Party and Conservatives Revolt Over Trivial Budget Deal — Videos
BUREAU OF THE FISCAL SERVICE STAR - TREASURY FINANCIAL DATABASE TABLE 1. SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS) ACCOUNTING DATE: 11/13 PERIOD RECEIPTS OUTLAYS DEFICIT/SURPLUS (-) + ____________________________________________________________ _____________________ _____________________ _____________________ PRIOR YEAR OCTOBER 184,316 304,311 119,995 NOVEMBER 161,730 333,841 172,112 DECEMBER 269,508 270,699 1,191 JANUARY 272,225 269,342 -2,883 FEBRUARY 122,815 326,354 203,539 MARCH 186,018 292,548 106,530 APRIL 406,723 293,834 -112,889 MAY 197,182 335,914 138,732 JUNE 286,627 170,126 -116,501 JULY 200,030 297,627 97,597 AUGUST 185,370 333,293 147,923 SEPTEMBER 301,469 226,355 -75,114 YEAR-TO-DATE 2,774,011 3,454,243 680,232 CURRENT YEAR OCTOBER 198,927 290,520 91,592 NOVEMBER 182,453 317,679 135,226 YEAR-TO-DATE 381,380 608,199 226,819
U.S. National Debt Clock
http://www.usdebtclock.org/
House Speaker Boehner Slams Conservative Groups For Opposing Budget Deal – Cavuto
Sen. Mike Lee • ObamaCare • Budget Deal • Hannity • 12/11/13 •
Rand Paul on Budget Deal: ‘I Can’t Believe Any Conservative Would Consider This Budget Deal’
Mark Levin to Paul Ryan: Budget Deal is ‘Mickey Mouse’
Two year budget deal announced to avoid gov’t shut down
Reaction to lawmakers announcing budget agreement
New Budget Deal Announced By Ryan and Murray
Key congressional budget negotiators on Tuesday said they reached a budget agreement to avert a government shutdown and bring a rare dose of stability to Congress’s fiscal policy-making over the next two years.
http://www.washingtontimes.com/news/2013/dec/11/tea-partiers-turn-capitol-hill-budget-deal/
New budget accord saves $23 billion — after $65 billion spending spree
Key lawmakers from both parties announced Tuesday a bipartisan budget proposal that would avoid another government shutdown and restore some defense spending that would have been lost to upcoming sequester cuts.
Rep. Paul Ryan, brushing aside objections from some fiscal conservatives that the proposal would undo spending caps that have helped slow the growth of the federal deficit, told reporters the compromise is a win for the GOP.
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Mr. Ryan, at a joint news conference with Sen. Patty Murray, Washington Democrat, said the spending plan calls for reducing the deficit by $23 billion over 10 years without raising taxes.
The Wisconsin Republican, the House’s chief budget writer, said the deal would reverse about $65 billion in previously agreed-upon automatic spending cuts to the military and other government programs.
“I see this agreement as a step in the right direction,” he said. “In divided government, you don’t always get what you want. That said, we still can make progress toward our goals. I see this agreement as that kind of progress.”
President Obama and House Appropriations Committee Chairman Harold Rogers, Kentucky Republican, welcomed the proposal, which both chambers of Congress could vote on before the end of the week.
“Earlier this year, I called on Congress to work together on a balanced approach to a budget that grows our economy faster and creates more jobs — not through aimless, reckless spending cuts that harm our economy now, but by making sure we can afford to invest in the things that have always grown our economy and strengthened our middle class,” Mr. Obama said. “Today’s bipartisan budget agreement is a good first step.”
The House-Senate deal sets the top-line spending number at $1.012 trillion for the rest of the current fiscal year, which ends Sept. 30, and $1.014 trillion for fiscal 2015, which begins Oct. 1.
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The proposed spending is more than the levels lawmakers approved in the 2011 Budget Control Act, which would have capped non-mandatory government spending at $967 billion in 2014, with the cuts coming from, among other places, the military, Veterans Affairs and the FBI.
The details of the deal remained sketchy as of press time, though Mr. Ryan and Mrs. Murray said they would post the proposal on their respective websites and it would require that federal employees and members of the military pay more for their retirement benefits.
“We think it’s only right and fair that they pay something more toward their pensions just like the hardworking taxpayer who pays for those pensions in the first place,” Mr. Ryan said.
The deal faces challenges from both the political left and the right, with conservatives warning that they could not support a deal that increased spending levels and liberals pushing back against making federal employees contribute more to their pensions.
Democrats also are frustrated with the growing prospect that Congress will not come up with the $26 billion to extend unemployment benefits for more than 1.3 million people through the end of next year.
Mrs. Murray acknowledged that neither side got everything it wanted, but that the compromise will bring some stability to a government that has been run by fiscal crisis for years.
“We have some differences in policies, but we agree that our country needs some certainty and we need to show that we can work together,” she said.
Conservative groups, meanwhile, pushed back against reports that the deal includes higher “fees” and other gimmicks that critics say are tax hikes in disguise, including fees on airline tickets.
Chris Edwards, editor of DownsizingGovernment.org at the Cato Institute, said it would be hard for Republicans to get conservatives to back a proposal that surrenders ground on the sequesters.
“Politically, I just think it’s crazy for Republicans. Here is the one big thing, they can say, ‘We held President Obama’s feet to the fire and passed the Budget Control Act of 2011.’ It’s really paying dividends now, spending has been flat for the past two years,” he said. “They are going to be throwing away their single biggest accomplishment on fiscal policy for the past few years. It would be like President Obama throwing away Obamacare.”
By breaking the budget caps set in 2011, the deal also sets the precedent that the numbers can be changed in future years, Mr. Edwards said.
“[Appropriators] are just playing trench warfare, pushing the trench forward a year at a time. If they break the cap this year, they’ll feel empowered to push hard and try to break the caps next year,” he said.
Heritage Action said that it could not support a budget deal that “would increase spending in the near-term for promises of woefully inadequate long-term reductions.”
“While imperfect, the sequester has proven to be an effective tool in forcing Congress to reduce discretionary spending, and a gimmicky, spend-now-cut-later deal will take our nation in the wrong direction,” the conservative think tank said in a statement.
Mr. Ryan said the House would vote on the plan before the end of the week and launched a pre-emptive strike against potential critics of the plan.
“As a conservative, I deal with the situation as it exists,” Mr. Ryan said. “I deal with the way things are, not necessarily the way I want them to be.”
http://www.washingtontimes.com/news/2013/dec/10/house-and-senate-negotiators-reach-two-year-budget/
US congressional leaders unveil two-year budget deal
• Deal will relieve worst effects of the sequester
Congress was on the verge of the first bipartisan budget deal in nearly three decades on Tuesday night after Democrat and Republican negotiators unveiled a proposal to fix federal spending at $1.012tn.
The long-awaited agreement struck between senator Patty Murray and congressman Paul Ryan staves off the threat of another government shutdown for two years and will relieve the worst effects of blanket budget cuts known as the sequester.
Aspects of the deal may alarm both parties, particularly Democrats, who are being asked to accept additional spending cuts, no new taxes and increased pension contributions from public sector workers.
Nevertheless the prospect of ending years of political deadlock appeared to satisfy political leaders of both parties, whose expectations have been lowered by the recent government shutdown and a virtual standstill on a host of other issues.
Barack Obama declared the budget deal “a good first step” and both House speaker John Boehner and and majority leader Eric Cantor indicated they would allow a vote to pass with a mixture of Republican and Democrat support.
Congress has been deadlocked over the budget since Democrats lost control of the House in the 2010 midterm elections and the proposal from Murray and Ryan represents the first realistic chance of a divided government agreeing a formal budget since 1986.
If passed by the House and Senate, the two-year deal would fix federal spending at $1.012tn in 2014 and $1.014tn in 2015 – roughly halfway between the $1.058tn sought by Democrats in the Senate and the $967bn proposed by the Republican-controlled House.
The blanket sequester cuts would be reduced by $63bn over the two years, split equally between defence and non-defence spending, although Republicans also succeeded in negotiating a further $20-$23bn in deficit reduction.
Rather than raising new taxes to pay for the sequester relief – something Republicans were implacably opposed to – negotiators agreed to raise additional government revenue through fees, such as airport charges and by demanding that federal workers pay more toward their pensions.
Union umbrella group, the AFL-CIO, has already hit out at the proposal, arguing that federal workers were acting as a “punching bag” for Republicans.
There was also no agreement over the vexed issue of long-term unemployment benefits, which are due to expire shortly, or any agreement on medicare or social security reforms, which Republicans had been pushing for.
Senator Patty Murray, Democratic chair of the budget committee, admitted much was missing from the deal.
We need to acknowledge that there are long-term structural problems that this deal does not address,” she told reporters. “This deal does not solve all of our problems but it is an important step.”
“For far too long here in Washington DC, compromise has been a dirty word, especially when it comes to the budget,” added Murray.
“For years we have lurched from crisis to crisis. That uncertainty was devastating to our fragile economic recovery.”
Ryan also portrayed the deal as a major breakthrough but played down expectations among his own supporters.
“The agreement is a clear improvement on the status quo … it makes sure we don’t lurch from crisis to crisis,” said the chairman of the House budget committee.
“We have been talking all year, but that hard work has paid off. In divided government you don’t always get what you want.”
The proposal, which will be voted on by the House later this week, was also welcomed by the White House.
“This agreement doesn’t include everything I’d like – and I know many Republicans feel the same way,” President Obama said in a statement. “That’s the nature of compromise. But it’s a good sign that Democrats and Republicans in Congress were able to come together and break the cycle of short-sighted, crisis-driven decision-making to get this done.”
http://www.theguardian.com/world/2013/dec/10/us-congress-reaches-budget-deal
All-out war breaks out in GOP over budget
Tea party groups and fiscal conservatives wasted no time Wednesday in savaging a bipartisan budget agreement negotiated between House Republicans and Senate Democrats, drawing an unusually angry response from House Speaker John A. Boehner, Ohio Republican.
All sides were rating the winners and losers in the deal struck a day earlier between House Budget Committee Chairman Paul Ryan, Wisconsin Republican, and Senate Budget Committee Chairwoman Patty Murray, Washington Democrat. The modest deficit-cutting deal had some sweeteners for defense contractors and oil drillers, while air travelers, federal workers and some corporate executives would take a hit.
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But most of the passion focused on the politics of the deal, with Mr. Ryan, Mr. Boehner and the House GOP leadership defending their handiwork from attacks from conservative colleagues on Capitol Hill and from outside groups such as the Club for Growth, Heritage Action and Americans for Prosperity. Critics said the agreement effectively raised taxes in the form of higher fees, failed to restrain entitlement programs and permitted new spending in the short term in exchange for vague promises of long-term cuts.
Rep. Jim Jordan, Ohio Republican, said in an interview that Republicans sacrificed their biggest point of leverage — the tough “sequester” spending cuts that were already in force — in the rush to get a short-term deal that did not address the long-term costs of Social Security, Medicare and Medicaid.
“I am against [the deal] from just a basic point that we embarked on a position at the beginning of the year that said, ‘We will keep the sequester in place unless we get to make changes on mandatory spending that will save those program and put the budget on path to balance within the next 10 years,’” Mr. Jordan said.
Added Chris Chocola, president of the fiscally hawkish Club for Growth, “Apparently, there are some Republicans who don’t have the stomach for even relatively small spending reductions that are devoid of budgetary smoke and mirrors. If Republicans work with Democrats to pass this deal, it should surprise no one when Republican voters seek alternatives who actually believe in less spending when they go to the ballot box.”
Despite conservative unhappiness and tepid reviews from many House Democrats, the proposal could be voted on in the House as early as Thursday and Mr. Ryan said Wednesday on CNN that he is confident he has the votes to pass the bill.
Mr. Boehner used unusually pointed language in hitting back at conservative opponents of the deal, charging that critics opposed the agreement even before knowing what was in it.
SEE ALSO: Rand Paul: Budget deal ‘shameful,’ ‘huge mistake’
“They’re using our members and the American people to their own purposes,” an angry Mr. Boehner said. “This is ridiculous.”
But several Republican senators, including Kentucky’s Rand Paul and Oklahoma’s Tom Coburn, immediately came out against the deal and many other Republican senators are expected to oppose the accord.
The Congressional Budget Office estimated Wednesday that the bulk of the plan’s deficit reduction would come in the final three years of the deal, while the new spending would happen over the next two years.
The estimate followed news that the U.S. government ran a $135.2 billion budget deficit through the first two months of the year — well short of the $226.8 billion deficit the nation had built up by this time a year ago. The Treasury Department said that more revenue was coming into the federal government thanks to higher tax rates and an improving economy.
The Ryan-Murray agreement increases spending in 2014 to $1.012 trillion and in 2015 to $1.014 trillion and restores more than $60 billion in sequester spending cuts.
The new spending is offset in part by lowering the cost-of-living adjustment for military retirees, requiring higher pension contributions from recently hired federal employees and raising fees on travelers collected by the Transportation Security Administration.
Some winners in the deal included the Pentagon and the defense industry, where much of the defense-related sequester cuts were restored, and the energy industry, which won expanded rights for joint drilling along the U.S.-Mexico border and in the Gulf of Mexico.
Industries and interests that emerged as losers in the final deal were quick to make their unhappiness known.
“As we have said consistently, airlines and our customers are already overtaxed, and we are disappointed that fees on air travel were increased, and believe those higher taxes will impact demand, jobs and our economy,” said Katie Connell, spokeswoman for Airlines for America, a Washington-based trade group representing U.S. airlines.
The National Treasury Employees Union launched a pre-emptive strike against the proposal, saying last week that federal employees had suffered enough under pay freezes and furloughs.
“We continue to believe that there should be zero cuts to federal pay and benefits in this deal and that federal employees are being asked to contribute a disproportionate share toward deficit reduction,” the group said Wednesday.
National Nurses United took issues with the cuts aimed at federal workers, especially nurses working in Veterans Affairs hospitals.
“There is no reason to cheer an agreement that requires unwarranted pension cuts for federal workers, including VA nurses who earned that pension, underfunds nutrition programs and fails to extend assistance for the long-term unemployed,” said Jean Ross, co-president of the nurses group.
Military members said they are also bearing more than their fair share of the government’s financial problems. Military retirees’ cost-of-living allowance will be decreased to 1 percent below the inflation rate, leading to a 20 percent cut to retirement benefits over their lives, according to a statement from Iraq and Afghanistan Veterans of America.
“The budget agreement balances the budget on the backs of military retirees. It’s the latest example of how Washington is broken, forcing those who have sacrificed the most over the last 10 years to choose between this deal, sequestration or government shutdown,” said Paul Rieckhoff, chief executive officer of IAVA.
Many liberal lawmakers said the federal budget should not be balanced on the backs of federal workers and that the bill could have trouble passing if it does not extend unemployment insurance for the 1.3 million Americans who are set to get kicked off the rolls before the end of the year.
“That does put the overall effort at risk,” said Rep. Chris Van Hollen, Maryland Democrat.
Senate Majority Leader Harry Reid, Nevada Democrat and supporter of the plan, tried to ease some of the concerns coming from his side of the aisle by vowing to push for an extension of unemployment insurance and for an increase in the minimum wage when the Senate returns to Washington after the new year.
http://www.washingtontimes.com/news/2013/dec/11/tea-partiers-turn-capitol-hill-budget-deal/?page=2
Tea partiers turn on Capitol Hill budget deal
Tea party and conservative groups pounced on the budget proposal that congressional leaders carved out behind closed doors, saying that the plan is based on the faulty premise of increasing spending now in exchange for future spending cuts that will never materialize.
They said that House Budget Committee Chairman Paul Ryan, the GOP budget negotiator, can kiss goodbye any chance of winning over grassroots activists if he chooses to run for president in 2016 after he surrendered ground on across-the-board “sequester” cuts to spending rolled back in the new deal.
“While no one was expecting a grand bargain, we hoped that the budget leaders would stand by the only fiscally responsible accomplishment of Obama’s presidency: sequestration,” said Amy Kremer, chairwoman of the Tea Party Express. “This budget deal creates a faux peace in Washington, D.C., while burdening taxpayers by sweeping the impending fiscal crisis under the rug.”
Mr. Ryan and Senate Budget Committee Chairwoman Patty Murray, Washington Democrat, announced late Tuesday that they had reached a two-year budget deal that would reduce the deficit by $23 billion over ten years without raising taxes.
The proposal restored $63 billion on the across-the-board “sequester” cuts to defense and non-defense programs. It also included higher fees on airline travel and requires federal employees to contribute more for their retirement benefits.
Judson Phillips, the leader of Tea Party Nation, likened the proposal to a character in the long-running comic strip Popeye, calling it “the Wellington Wimpy budget deal.”
“Paul Ryan is telling America that he will gladly pay us Tuesday for a hamburger today,” Mr. Phillips said. “It should forever dissuade us of the idea that the Republican Party is the party of fiscal conservatism.”
Mr. Phillips said that Mr. Ryan has shown that he is “is another Washington insider who will talk to the public about how fiscally conservative he is and then he goes to Washington and wants to spend money like a drunken Democrat.”
“As far as the conservative movement is concern, Ryan is not only the 2016 candidate of ‘no,’ but ‘hell no.’ There is no way he will have grassroots support after this deal,” he said.
For his part, Mr. Ryan, who has no ruled out a presidential run, told reporters that the the plan is a step in the right direction because it achieves deficit reduction without increasing taxes.
“As a conservative, I deal with the situation as it exists,” Mr. Ryan said. “I deal with the way things are, not necessarily the way things I want them to be.”
http://www.washingtontimes.com/news/2013/dec/11/tea-partiers-turn-capitol-hill-budget-deal/
Read Full Post | Make a Comment ( None so far )Mark Leibovich — This Town — “This Town Needs An Enema” — Tea Party To The Rescue — Videos
This Town Needs an Enema
Mark Leibovich defends his insider account of DC culture
Mark Leibovich discuss new book w/ Glenn Beck This Town: Two Parties…in America’s Gilded Capital
‘This Week’ Web Extra: Mark Leibovich Answers Viewer Questions From Facebook, Twitter
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Mark Leibovich “This Town”
“This Town” Author Mark Leibovich on Shaming D.C.’s Elite
“People now come here to get rich,” explains Mark Leibovich, chief national correspondent for The New York Times Magazine and author of the DC-centered book This Town: Two Parties and a Funeral – plus plenty of valet parking! – in America’s Gilded Capital. “Twenty years ago, theoretically, this was a city built on public service.”
From the ugly networking at Tim Russert’s funeral to the incestuous relationship between media and politicians to the naked desire to cash out on one’s “public service” by becoming a lobbyist, Leibovich’s horrifying peek at life within Washington’s elite has something to offend every American.
“What I try to do is give voice to the entire carnival here,” Leibovich tells Reason’s Nick Gillespie. “[I wanted] to give readers outside of Washington…a fuller sense of what the full movie looks like.”
Mark Leibovich, Author, “This Town”
“This Town” with the New York Times’s Mark Leibovich
Angelo Codevilla — The Ruling Class — Citizens v. the Ruling Elite — Videos
Angelo Codevilla – First Principles on First Fridays
Citizens v. the Ruling Elite
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.
MARK MECKLER OF THE TEA PARTY PATRIOTS – DYLAN RATIGAN SHOW
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
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 TheTeaParty.net, 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 RALLY!
Audit the IRS News Conference at the Capitol June 19, 2013
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June 19, 2013: The Day In 100 Seconds
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The bar chart comes directly from the Monthly Treasury Statement published by the U. S. Treasury Department. <<< Click on the chart for more info. The “Debt Total” bar chart is generated from the Treasury Department’s “Debt Report” found on the Treasury Direct web site. It has links to search the debt for any given date range, and access to debt interest information. It is a direct source to government provided budget information.
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— “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.
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 cuts into our budget big time. |
http://www.federalbudget.com/
The table below summarizes the failed 10 year record of both political parties in controlling government spending that have produced massive fiscal-year deficits and an ever increasing national debt.
Summary of Tax Receipts and Spending Outlays of the United States Government for Fiscal Years 2002-2012[in million of dollars] | |||
Fiscal Year | Tax Receipts | Spending Outlays | Deficits (+) or Surplus (-) |
2002 | 1,853,225 | 2,011,016 | 157,791 |
2003 | 1,782,108 | 2,159,246 | 377,139 |
2004 | 1,879,783 | 2,292,628 | 412,845 |
2005 | 2,153,350 | 2,472,095 | 318,746 |
2006 | 2,406,675 | 2,654,873 | 248,197 |
2007 | 2,567,672 | 2,729,199 | 161,527 |
2008 | 2,523,642 | 2,978,440 | 454,798 |
2009 | 2,104,358 | 3,520,082 | 1,415,724 |
2010 | 2,161,728 | 3,455,931 | 1,294,204 |
2011 | 2,302,495 | 3,601,109 | 1,298,614 |
2012 | 2,449,093 | 3,538,286 | 1,089,193 |
Source: Department of the Treasury, Final Monthly Treasury Statements of Receipts and Outlays of the United States Government for Fiscal Years 2002-2012, table 1. |
U.S. National Debt Tax
Government Explained
Congress Sells America Down the River to Avoid the Fiscal Cliff
Funding Government by the Minute
The Fiscal Cliff – Federal Spending Per Capita from 1900-2012.
Government Debt and You
Brother, Can You Spare A Trillion?: Government Gone Wild!
Got a Government Jones? The 12 Steps for Overcoming Addiction to Government
HOW The PHONY FIAT FEDERAL RESERVE Bankster SYSTEM “MONEY” Is CREATED
FIAT EMPIRE: Why the Federal Reserve Violates the U.S. Constitution
Milton Friedman on the Federal Reserve and the Great Depression
Hyperinflation: The Fall of the American Dollar
The Dollar Collapse Revisited and a Bull Market in US Treasuries w/Peter Schiff!
Federal Reserve Balance Sheet Illustrated
The Collapse of The American Dream Explained in Animation
Dick Armey Leaves FreedomWorks and Impact On The Tea Party–Videos
Tea Party Turmoil: FreedomWorks’ Dick Armey Takes $8 Million Exit Buyout After Failed
DemocracyNow.org – Former House majority leader Dick Armey attempted a coup within his own Tea Party-linked nonprofit FreedomWorks earlier this year. When that failed, he took an $8 million payout from a millionaire Republican donor to leave. The incident highlighted what is believed to be growing turmoil inside the Tea Party movement after it rose to prominence ahead of the 2010 election. We’re joined by Politico reporter Ken Vogel. “[Armey] did in fact take a hit when he decided to go all in with FreedomWorks and refashion himself as the Tea Party leader,” Vogel says. “There has always been this tug of war in the Tea Party between national groups that have deep-pocketed contributors and benefactors and the actual grassroots.”
To watch the entire weekday independent news hour, read the transcript, download the podcast, search our vast archive, or to find more information about Democracy Now! and Amy Goodman, visit http://www.democracynow.org.
Former Tea Party Leader Ridicules GOP Candidates
Dick Armey’s Armed Tea Party Coup
[yourtube=http://www.youtube.com/watch?v=xU5P6V5bQx0]
Dick Armey Breaks Ranks With FreedomWorks
Did Koch Brothers’ Tea Party Group Pay Republican Leader to Leave?
FreedomWorks’ Matt Kibbe on CSPAN discussing the fiscal cliff
FreedomWorks “My 2012 GOP Platform” discussion with Glenn Beck 7.25.12
Glenn Beck – What do conservatives do next?
Dick Armey: Tea Party Debt Commission on CNN’s American Morning
Book TV: Dick Armey “Give Us Liberty: A Tea Party Manifesto”
Matt Kibbe of Freedomworks Discusses the Tea Party Movement
Tea Time with Max Pappas: Matt Kibbe on Hostile Takeover, Part 1
Freedomworks’ Matt Kibbe on the Hostile Takeover of The GOP
Give Us Liberty? Q&A with Dick Armey & Matt Kibbe of Freedom Works
Inside the Dick Armey, FreedomWorks split
“…Dick Armey left the deep-pocketed tea party group he helped build over a clash with a top lieutenant who Armey and others in the organization believed was using the group’s resources to pad his pockets, POLITICO has learned.
Armey received an $8 million buyout to step down as chairman of FreedomWorks at the end of last month, but the dispute between him and the group’s president, Matt Kibbe, is still straining the organization.
And the turmoil could have far-reaching implications, since FreedomWorks has been among the leading Washington, D.C., groups pressuring Republicans to take a more conservative tact on the fiscal cliff negotiations and other fiscal matters.
(Also on POLITICO: Report: Armey quits FreedomWorks)
The tensions at FreedomWorks, brewing for months, boiled over this summer when Armey balked at a deal that Kibbe struck with HarperCollins to write a book called “Hostile Takeover: Resisting Centralized Government’s Stranglehold on America,” which was released in June.
Armey was concerned that Kibbe structured the deal to personally profit from the book despite relying on FreedomWorks staff and resources to research, help write and promote it — an arrangement he and others at the group believed could jeopardize its tax-exempt status. (In 2010, Kibbe and Armey co-authored a book through HarperCollins, “Give Us Liberty: A Tea Party Manifesto,” that was written with significant help from FreedomWorks staff and all proceeds had gone to the organization.)
So Armey declined to sign a memorandum presented to him in his capacity as a member of the board of trustees stating that the book was written without significant FreedomWorks resources and clearing the way for Kibbe to personally own the rights to the book and any royalties from it, multiple sources familiar with the arrangement told POLITICO.
Asked about his refusal to sign the memorandum, Armey, a former House Republican leader, said, “What bothered me most about that was that he was asking me to lie, and it was a lie that I thought brought the organization in harm’s way.”
After Armey’s concerns came to the attention of the organization’s board at a late August meeting in Jackson Hole, Wyo., Kibbe and the group’s executive vice president, Adam Brandon, were placed on administrative leave in early September and had their cell phones taken away.
Brandon said the board was made aware of the book project months earlier, and Kibbe maintains that the leave didn’t stem from questions about the book deal.
Rather, he said “there was a dispute” with Armey over “competing visions for what FreedomWorks should become and ultimately, the board decided that we fit the vision of the organization.” …”
Tea Party Impact on Republican Party Platform–Videos
FreedomWorks “My 2012 GOP Platform” discussion with Glenn Beck 7.25.12
As the 2012 election shifts into high gear and the Republican party continues to develop its official platform, the voice of the right and center-right grassroots activists must be included.
FreedomWorks has created the “My 2012 GOP Platform” poll that gauges such support using a unique “run-off” matchup model. It is designed to elicit deeper preferences from voters and make it much more difficult for well-organized campaigns to “game” the system. The results below are for the last 30 days and reflect the percentage of times an issue was preferred in a head-to-head “run-off” against other issues. We also suspect they more accurately reflect the true pulse of the this community than those cited by the GOP establishment or the mainstream media.
http://results.my2012platform.com/
GOP Platform Supports Voter ID Laws
GOP Platform: Monetary Policy
GOP Platform Debate: Foreign Aid
Mitt Romney Rejects the Republican Party Platform
Full Show 8/21/12: FDR Calls Out Romney & Ryan
RNC’s Platform Cmte. Preps for Upcoming Convention
“…The Republican National Convention (RNC) Platform Committee met Monday and Tuesday to decide the policy issues that will be addressed during the GOP’s National Convention.
The committee drafted and recommended a proposed national platform to the RNC to be voted on by all of the RNC delegates on the first day of the convention, Monday August 27th.
The Republican National Convention (RNC) adopts a new national platform every four years, which is an official statement of the Republican Party’s position on a variety of issues.
Sections on the Economy; Jobs and Debt; and Energy, Agriculture and the Environment were amended and approved by the committee on Monday. On Tuesday, delegates amended and approved the Foreign Policy and Defense, Government Reform, Restoring Constitutional Government and Healthcare, Education and Crime subcommittees’ reports.
The Platform Committee is responsible for drafting and recommending a proposed national platform to the RNC for approval by its delegates.
The meetings were chaired by Virginia Governor Bob McDonnell. Sen. John Hoeven of North Dakota and Representative Marsha Blackburn of Tennessee served as Co-Chairmen. …”
http://www.c-span.org/Events/RNCs-Platform-Meetings-Prep-for-Upcoming-Convention/10737433193/
Tea party influences GOP platform talks in Tampa
By Michael Van Sickler, Times Staff Writer
Michael Van SicklerTampa Bay Times In Print: Tuesday, August 21, 2012
“…
TAMPA — When Republicans nominated John McCain for president in 2008, conservative groups associated with the tea party had yet to form.
Four years later, these groups say they are practically writing the party platform ahead of the Republican National Convention here next week.
“We’re extremely happy that the tea party can have this type of influence,” said Ryan Hecker, a legal adviser for FreedomWorks, the conservative advocacy group founded by Dick Armey. “We’ve definitely taken over the Republican Party.”
More than 100 delegates met Monday at the Marriott Waterside to draft the Republican platform in a sneak peek of the Aug. 27-30 convention. The platform is a 50-page document that provides policy statements that will guide Mitt Romney’s presidential campaign from here on out.
Weeks ago, FreedomWorks had 30 ideas posted on its website so members could log on and vote for the ones they wanted Republicans to include in the platform. Hecker said that after 1.2 million votes, 12 ideas were selected.
The ideas include repealing Obamacare, scrapping the tax code and replacing it with a flat tax, reining in federal regulation while eliminating government jobs and auditing the Federal Reserve. He said Republicans were lobbied by his group to include these ideas.
Although the platform hasn’t been released, Hecker said that he has seen much of the draft and that 10 of the 12 ideas have been included nearly word-for-word from how they were written by FreedomWorks. Parts of the remaining two are in there, as well, he said.
“Everyone is expecting Romney to move to the center,” said Debbie Wilson, an Apollo Beach resident who is a member of Tampa 912 and a state coordinator for FreedomWorks. “But I’m pleased to see that so far, the platform is very much to the right.”
GOP platforms since at least 1996 have been conservative in nature, said Al Cardenas, the chairman of the American Conservative Union, a volunteer post.
By now, about 80 percent of the work on the platform is done. This week will be a matter of tweaking language here and there, inserting or deleting clauses. The 112 delegates voting on the platform will approve a draft tonight that will be submitted for a vote on Monday by the full convention.
But Cardenas said he was impressed so far with how well the platform is getting done, calling it unusually well-written with little disagreement.
“I’m delighted; it’s one of the best drafts I’ve seen,” Cardenas said.
Monday’s discussion about the platform revealed an interesting quirk about the tea party. Although members of their groups say they hail from the working class, many support policies that could hurt them.
Take the one tax cut that isn’t guaranteed in a Romney presidency: the mortgage interest deduction. It makes ownership affordable to millions of middle-class Americans. A motion was made Monday to include its protection in the platform.
“This is the last vestige of why people want to buy a home,” said April Newland, a Virgin Islands delegate and a Realtor. “It sends a message not just to Realtors, but also to homeowners. It should be included because it would be so widespread.”
But it was defeated after pushback from delegates like Kevin Erickson, a pastor from Minnesota who calls himself a “Ron Paul Republican,” after the maverick Texas congressman.
Including the protection of the mortgage deduction would ruin tax-reform efforts, Erickson said.
“(The mortgage deduction) is why we can’t talk about tax reform,” Erickson said. “Everyone has their pet deduction.”
This year’s platform was the result of greater participation among voters than ever, said one of the platform committee’s co-chairs. U.S. Rep. Marsha Blackburn, R-Tenn., said the GOP website got 30,000 votes on various policies to be included.
Asked if the tea party played any special role, Blackburn said only that people in general had better access to party officials as they wrote the platform during the past two months.
“We’ve heard from thousands of people and we’ve had meetings with groups all across the country,” she said. “I don’t think any one group has had a special say. Everybody has had special access, through snail mail and social media like Facebook and Twitter.”
Platform chairman Bob McDonnell, the governor of Virginia, said the tea party didn’t have an exaggerated influence on the rightward tilt.
“We’re a conservative party,” he said.
But many of the delegates credited the tea party with setting the tone of the platform.
“They started the main conversation that we’re having now about the economy and the deficit,” said Cam Ward, an Alabama state senator who said tea party groups are very powerful in his district. “It’s a good debate, and I’m glad they’ve had the impact that they’ve had.” …”
Republican Party approves strict anti-abortion platform, earning rebuke from Scott Brown
By Glen Johnson and Noah Bierman, Globe Staff
“…The 110-member platform panel, meeting today in Tampa, Fla., passed a so-called Human Life Amendment that calls for a ban on abortion, without mention of the more common exceptions for victims of rape or incest.
“Faithful to the ‘self-evident’ truths enshrined in the Declaration of Independence, we assert the sanctity of human life and affirm that the unborn child has a fundamental individual right to life which cannot be infringed,” said platform language obtained by CNN. “We support a human life amendment to the Constitution and endorse legislation to make clear that the Fourteenth Amendment’s protections apply to unborn children.”
It is similar to language included in the GOP platform in both 2004 and 2008 but it has become even more politically loaded since Akin, a US House member from Missouri, was criticized for the answer he gave when asked if abortion were legitimate in cases of rape.
“If it’s a legitimate rape, the female body has ways to try to shut the whole thing down,” Akin said during a television interview aired on Sunday.
The differentiation between forms of rape prompted a swift rebuke not just from his Democratic opponent, Senator Claire McCaskill, but presumptive Republican presidential nominee Mitt Romney and his running mate, Paul Ryan. Romney initially urged Akin to spend 24 hours reconsidering his continued candidacy.
In a statement today, Romney said he now agreed with former Missouri Senators John Ashcroft, Kit Bond, John Danforth, and Jim Talent that Akin should quit the race.
“As I said [Monday], Todd Akin’s comments were offensive and wrong and he should very seriously consider what course would be in the best interest of our country. Today, his fellow Missourians urged him to step aside, and I think he should accept their counsel and exit the Senate race,” Romney said.
Brown was among the first Republicans to call for Akin to drop out of the race, doing so in a statement on Monday morning.
Brown supports abortion rights, while Romney and Ryan oppose them. Romney would make an exception for rape and incest, but Ryan would do so only when the health of a mother would be jeopardized by a continued pregnancy.
The reelection committee for Obama, an abortion rights supporter, pounced on the platform vote.
“Several Romney supporters and advisers were present and stood silently while this vote took place. This should come as no surprise, as Mitt Romney supported this exact language in the 2004 and 2008 Republican platforms and Paul Ryan fought to ban abortion even in cases of rape,” Obama spokeswoman Lis Smith said in a statement.
“Women across this country should take note of the Republican Party’s position, and not trust any of the false promises made by Mitt Romney and Paul Ryan on the campaign trail,” Smith added.
Virginia Governor Bob McDonnell, chairman of the RNC’s platform committee and an abortion opponent, thanked the committee for “affirming our respect for human life” today before moving onto other platform issues.
The platform will come up for a vote of the convention delegates on Monday
AP sources: GOP platform draft at odds with Romney
“…Republican Party leaders decided to include that position during a party meeting Tuesday, two GOP officials confirmed to The Associated Press. The language is the same as it’s been since 1984, and the platform is set to be officially adopted Monday. But this year, it comes as GOP officials are calling on Missouri Rep. Todd Akin to quit his Senate bid after he made inflammatory comments about rape. Akin, asked in a local TV interview aired Sunday if he opposes abortion in cases of rape, said a woman’s body is able to prevent pregnancy in what he called “a legitimate rape.”
In a Sunday statement condemning Akin’s remarks, Romney said his administration would not oppose abortion in cases of rape. That puts him at odds with his party’s official line.
Romney is set to be nominated for president at the Republican National Convention that kicks off Aug. 27.
“The details of some of these things, like an exception for rape or life of the mother, these are not uncommon differences that candidates have and don’t share some of the detail on those exceptions,” RNC Chairman Reince Priebus said Tuesday on MSNBC. “But as far as our platform is concerned, I mean, this is the platform of the Republican Party. It is not the platform of Mitt Romney.”
The party’s platform says members of the GOP “assert the sanctity of human life and affirm that the unborn child has a fundamental individual right to life which cannot be infringed. We support a human life amendment to the Constitution.”
Romney’s position on the question is also at odds with his running mate, Wisconsin Rep. Paul Ryan, who opposes abortion except in instances where the life of the mother is at risk. That’s closer in line with the Republican Party’s official position.
A Ryan aide downplayed the difference. “He knows he is joining the Romney ticket and the Romney administration will reflect the views of the nominee,” Ryan spokesman Michael Steel told reporters traveling with Romney’s no. 2 from Pittsburgh to Philadelphia.
Ryan has voted for legislation that has included exceptions for rape, incest and the life of the mother, another spokesman said.
The decision might have passed with little notice if not for Akin, whose weekend comments drew intense criticism and quick calls for him to step aside.
“It seems to me, from what I understand from doctors, that’s really rare,” Akin said when asked about abortion in cases of rape. “If it’s a legitimate rape, the female body has ways to try to shut that whole thing down.”
Romney did not call for Akin to leave the race until about two hours before a state-imposed deadline for him to drop out without going to court. Akin was still in the race at 6 p.m. EDT Tuesday, and now has until Sept. 25 to seek a court order to take his name off the ballot. After that date, there is no way for Akin to leave the race.
Virginia Gov. Bob McDonnell, who RNC’s Platform Committee, called it a “document that transcends time.”
“Current events regarding who said what at any given time don’t affect this document,” McDonnell said.
Young Voters Know Ron Paul Is The 1–The American People Know 2–Videos
The Phenomenon known as Paul: why the oldest candidate in the race, attracts the youngest voters
Ron Paul: When the People Change, Romney and Gingrich Will Change
Ron Paul’s Full Speech in Denver, Colorado
What If “They” Are Lying to Us about Ron Paul?
SA@TheDC – Conservatism’s Future: Young Americans for Liberty
“We Like Ron Paul” – Fox News Focus Group and Fox Five Panel
Ron Paul – Watch this presentation to see why so many people believe in Ron Paul
Armed Chinese Troops in Texas!
SA@TheDC – “I Like Ron Paul Except on Foreign Policy”
Ron Paul Ad – Secure
Ron Paul Ad – Plan
Ron VS Mitt
Ron Paul – Three of a Kind
SA@TAC – Ron Paul People
Ron Paul – “The one who can beat Obama”
Read Full Post | Make a Comment ( None so far )
Stephen Davies–We Demand Freedom: Popular Movements for Liberty in U.S. History–Videos
We Demand Freedom: Popular Movements for Liberty in U.S. History
“…According to Dr. Stephen Davies, the tea party movement in the United States is not an isolated occurrence in American history. Rather, it’s part of a recurring movement in American history that ebbs and flows. These movements are peculiar, however, as they are unique to the United States. Dr. Stephen Davies offers several ideas as to why these movements exist in America. …”
Background Articles and Videos
Stephen Davies’ Intellectual Development
What Does It Mean To Be Libertarian?
Liberty Movements in American History
Why Should Conservatives Like Libertarian Ideas?
Why Should Liberals Like Libertarian Ideas?
When Governments Cut Spending
How Should Governments Deal With Debt?
A History of Economic Booms and Busts
Top 3 Myths About the Great Depression and the New Deal
Related Posts On Pronk Palisades
Stephen Davies–The Decline and Triumph of Classical Liberalism–Institute of Humane Studies–Videos
Read Full Post | Make a Comment ( None so far )Will Tea Party Caucus Vote As A Block Against Democratic and Republican Establishment Compromise Bill On Raising National Debt Ceiling By $900 Billion, Adding Over $7,000 Billion To National Debt In The Next Ten Years Plus A Huge Tax Hike in 2013?–The American People Would Like To Know!–Videos
Judge Napolitano – U.S. Debt Limit (Law’s of Economics)
Schiff Happens
Sen. Rand Paul on CNBC’s The Kudlow Report – 08/01/11
Ron Paul Texas Straight Talk: Freeze the Budget and Stop Plundering the American People! Aug 1, 2011
Deficits are Bad, but the Real Problem is Spending
It’s Simple to Balance The Budget Without Higher Taxes
Did President Manufacture Debt Crisis?
Senator Rand Paul (R-KY) Discusses Congressman Connie Mack’s (R-FL) Penny Plan
Senator Marco Rubio: “Save The Whole House Or It Will All Burn Down”
Ron Paul Ad – Conviction
This Is Why We Need Ron Paul 2012 – Wake up Americans and fight!
Harry Reid Eric Cantor Revenue
Debt deal must have balanced budget amendment: Sen. Mike Lee
Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?
“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending
Underwhelming Spending Cuts from Congress and Obama
Klavan, Whittle & Ferreira: Is a Spending Freeze the Answer to US Budgetary Problems
Debt Ceiling Theatrics, U.S. Economy Back in Recession
Andrew Napolitano – The Story of Money
House Roll Call: How they voted on debt-limit bill
“…The 269-161 roll call Monday by which the House passed the compromise bill to raise the debt ceiling and prevent a government default.
A “yes” vote is a vote to pass the measure.
Voting yes were 95 Democrats and 174 Republicans.
Voting no were 95 Democrats and 66 Republicans.
X denotes those not voting.
There are 2 vacancies in the 435-member House. …”
FLORIDA
Democrats — Brown, N; Castor, Y; Deutch, Y; Hastings, N; Wasserman Schultz, Y; Wilson, Y.
Republicans — Adams, Y; Bilirakis, Y; Buchanan, Y; Crenshaw, Y; Diaz-Balart, Y; Mack, N; Mica, Y; Miller, Y; Nugent, Y; Posey, N; Rivera, Y; Rooney, Y; Ros-Lehtinen, Y; Ross, N; Southerland, N; Stearns, N; Webster, Y; West, Y; Young, Y.
MINNESOTA
Democrats — Ellison, N; McCollum, N; Peterson, Y; Walz, Y.
Republicans — Bachmann, N; Cravaack, N; Kline, Y; Paulsen, Y.
OHIO
Democrats — Fudge, N; Kaptur, N; Kucinich, N; Ryan, N; Sutton, N.
Republicans — Austria, Y; Boehner, Y; Chabot, Y; Gibbs, Y; Johnson, Y; Jordan, N; LaTourette, Y; Latta, Y; Renacci, Y; Schmidt, Y; Stivers, Y; Tiberi, Y; Turner, N.
TEXAS
Democrats — Cuellar, Y; Doggett, Y; Gonzalez, N; Green, Al, N; Green, Gene, Y; Hinojosa, Y; Jackson Lee, Y; Johnson, E. B., Y; Reyes, N.
Republicans — Barton, Y; Brady, Y; Burgess, Y; Canseco, Y; Carter, Y; Conaway, Y; Culberson, Y; Farenthold, Y; Flores, Y; Gohmert, N; Granger, Y; Hall, N; Hensarling, Y; Johnson, Sam, Y; Marchant, Y; McCaul, Y; Neugebauer, N; Olson, Y; Paul, N; Poe, N; Sessions, Y; Smith, Y; Thornberry, Y.
Read more: http://thegardenisland.com/news/national/article_28736ea6-a777-59fe-9244-2ef3c128679e.html#ixzz1TpZcm4LP
The American people want balanced budgets.
The American people oppose adding between $7,000 billion to $8,000 billion to the National debt over the next ten years.
The American people oppose the tax hike of repealing Bush tax rate cuts and locking in tax hikes for Obamacare that this bill would enable.
The American people are not fooled by the so-call spending cuts that are in fact only cuts in the rate of growth of the budget baseline and not actual cuts in the budget baseline itself.
The American people oppose yet another increase the national debt ceiling without either a balanced budget amendment being passed by two-thirds majorities in the House and Senate or a balanced budget within three years.
Now is the time for all good tea party members to come to the aid of their country and vote against the Democratic and Republican Party establishment’s compromise bill to raise the National debt ceiling by over $900 billion for Fiscal Year 2011 and add over $7,000 in additional deficit spending and more national debt over the next ten-year.
For the proposed Fiscal Year 2012 and 2013 budgets the total effect on deficits is only a reduction of $21 billion and $42 billion respectively excluding any future reductions of the Joint Select Committee on Deficit Reduction.
http://www.cbo.gov/ftpdocs/123xx/doc12357/BudgetControlActAug1.pdf
The American people are watching to see if the Tea Party caucus votes as a block to defeat this bill.
Those tea party members who vote in favor of the bill will be challenged in the primaries next year and defeated.
The tea party patriots are not pleased with those Tea Party member who apparently sold out and betrayed the tea party.
The tea party and the American people will be watching.
Should this bill pass the Federal Reserve will start printing money with quantitative easing 3 or creating money to purchase Treasury securities or more debt.
Quantitative Easing 3 or creating more money to buy U.S. Treasury securities will begin in the fall after the National Bureau of Economic Research’s Business Cycle Dating Committee officially determines that the U.S. Economy has been in a recession since the middle of 2010.
http://papers.nber.org/cycles/cyclesmain.html
Once it is announced the U.S. economy is again in a recession, the Federal Reserve will use this fact to justify another massive money printing program of over $1,000 billion to finance the deficit spending in Fiscal Year 2012 of over $1,000 billion.
This in turn will lead to inflation or a general rise in the price level.
The economy is currently in a another recession that started in July 2010–the dreaded double dip recession.
The result will be even higher unemployment rates and inflation–stagflation.
This bill is not only not perfect, it is an economic disaster in the making.
Vote for this bill and you will be wrecking the economy, destroying jobs and killing the American dream.
The American people will not forget those who voted for this bill–both Democrats and Republicans.
You do not compromise your principles to vote for this bill especially given the damage this bill will cause to the American people and economy.
In 2012 the tea party will double its numbers in the Congress and the Senate with over 100 Representatives and over 12 Senators who have signed the Fiscal Responsibility Pledge.
Judge: You Can’t Get Out of Debt By Spending
American Citizens for Fiscal Responsibility
“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
Fiscal Responsibility Pledge
I, ________________________________________, pledge to the taxpayers of the state
of ____________________________, and to the American people that I will:
1. Support and vote for only balanced budgets or surplus budgets where total estimated Federal government tax revenues for each fiscal year equals or exceeds total estimated Federal government spending outlays.
2. Support and vote for only decreases in the national debt ceiling.
3. Support and vote for the FairTax. The FairTax abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax on new goods and services, and administered primarily by existing state sales tax authorities. Once enacted any changes in the FairTax or increases in the FairTax rate will require two-thirds roll call vote of the House of Representatives and Senate.
4. Support and vote for the repeal of the 16th Amendment to the Constitution of the United States.
5. Support and vote for a balanced budget Amendment to the Constitution of the United State which allows budget surpluses or requires the balancing of tax revenues and spending outlays each fiscal year, limits Federal Government spending to eight-teen percent (18%) of Gross Domestic Product or less, requires a two-thirds majority roll call vote for any proposed tax increase in the House of Representatives and Senate and where the only exception to a surplus budget or balanced budget is the passage of a declaration of war that would require unbalanced budgets and increases in the national debt.
___________________________________________ _____________________________________
Signature Date Signed
___________________________________________ _____________________________________
Witness Witness
Pledge must be signed, dated, witnessed and returned to the:
American Citizens for Fiscal Responsibility
10455 N. Central Expressway-#109-228
Dallas, Texas 75231
Background Articles and Videos
The Secret of Oz (by Mr Bill Still)
Michael Savage-August 1, 2011 part 3
Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano
Baseline Budgeting Explained
US Business Cycle Expansions and Contractions
http://papers.nber.org/cycles/cyclesmain.html
The NBER’s Business Cycle Dating Committee
“…The NBER’s Business Cycle Dating Committee maintains a chronology of the U.S. business cycle. The chronology comprises alternating dates of peaks and troughs in economic activity. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak. During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year. Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.
In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth. The Committee applies its judgment based on the above definitions of recessions and expansions and has no fixed rule to determine whether a contraction is only a short interruption of an expansion, or an expansion is only a short interruption of a contraction. The most recent example of such a judgment that was less than obvious was in 1980-1982, when the Committee determined that the contraction that began in 1981 was not a continuation of the one that began in 1980, but rather a separate full recession.
The Committee does not have a fixed definition of economic activity. It examines and compares the behavior of various measures of broad activity: real GDP measured on the product and income sides, economy-wide employment, and real income. The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve’s index of industrial production (IP). The Committee’s use of these indicators in conjunction with the broad measures recognizes the issue of double-counting of sectors included in both those indicators and the broad measures. Still, a well-defined peak or trough in real sales or IP might help to determine the overall peak or trough dates, particularly if the economy-wide indicators are in conflict or do not have well-defined peaks or troughs.
FAQs – Frequently asked Questions and additional information on how the NBER’s Business Cycle Dating Committee chooses turning points in the Economy …”
http://papers.nber.org/cycles/recessions.html
Ron Paul: Freeze The Budget And Stop Plundering American People! – OpEd
Written by: Ron Paul
“…In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase. No plan under serious consideration cuts spending in the way you and I think about it. Instead, the cuts being discussed are illusory and are not cuts from current amounts being spent, but cuts in prospective spending increases. This is akin to a family saving $100,000 in expenses by deciding not to buy a Lamborghini and instead getting a fully loaded Mercedes when really their budget dictates that they need to stick with their perfectly serviceable Honda.
But this is the type of math Washington uses to mask the incriminating truth about the unrepentant plundering of the American people. The truth is that frightening rhetoric about default and full faith in the credit of the United States being carelessly thrown around to ram through a bigger budget than ever in spite of stagnant revenues. If your family’s income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer? That is what our government is doing, with one side merely suggesting a different list of purchases than the other.
In reality, bringing our fiscal house into order is not that complicated or excruciatingly painful at all. If we simply kept spending at current levels, by their definition of cuts that would save nearly $400 billion in the next few years, versus the $25 billion the Budget Control Act claims to cut. It would only take us five years to cut $1 trillion in Washington math just by holding the line on spending. That is hardly austere or catastrophic.
A balanced budget is similarly simple and within reach if Washington had just a tiny amount of fiscal common sense. Our revenues currently stand at approximately $2.2 trillion a year and are likely to remain stagnant as the recession continues. Our outlays are $3.7 trillion and projected to grow every year. Yet we only have to go back to 2004 for federal outlays of $2.2 trillion, and the government was far from small that year. If we simply referred to that year’s spending levels, which would hardly do us fear, we would have a balanced budget right now. If we held the line on spending and the economy actually did grow as estimated, the budget would balance on its own by 2015 with no cuts whatsoever. …”
Congress moving quickly on debt and spending deal
“…Tea party favorite and presidential candidate Michele Bachmann, R-Minn., countered that the deal “spends too much and doesn’t cut enough. … Someone has to say no. I will.”
The government presently borrows more than 40 cents of every dollar it spends, and without an infusion of borrowing authority, the government would face an unprecedented default on U.S. loans and obligations — like $23 billion worth of Social Security pension payments to retirees due Aug. 3.
The increased borrowing authority includes $400 billion that would take effect immediately and $500 billion that Obama could order unless specifically denied by Congress. That $900 billion increase in the debt cap would be matched by savings produced over the coming decade by capping spending on day-to-day agency budgets passed by Congress each year.
A special bipartisan committee would be established to find up to $1.5 trillion in deficit cuts, probably taken from benefit programs like farm subsidies, Medicare and the Medicaid health care program for the poor and disabled. Republicans dismissed the idea that the panel would approve tax increases.
Any agreement by the panel would be voted on by both House and Senate — and if the panel deadlocked, automatic spending cuts would slash across much of the federal budget. Social Security, Medicaid and food stamps would be exempt from the automatic cuts, but payments to doctors, nursing homes and other Medicare providers could be trimmed, as could subsidies to insurance companies that offer an alternative to government-run Medicare.
Sen. John McCain, R-Ariz., said he’d have to “swallow hard” and vote for the legislation even though he is worried about cuts in defense spending. …”
http://abclocal.go.com/kgo/story?section=news/politics&id=8281927
Tea Party Caucus
The Tea Party Caucus is a caucus of the United States House of Representatives and Senate launched and chaired by Minnesota Congresswoman Michele Bachmann on July 16, 2010.[1] The caucus is dedicated to promoting fiscal responsibility, adherence to the movement’s interpretation of the Constitution, and limited government. The idea of a Tea Party Caucus originated from Kentucky Senator Rand Paul when he was campaigning for his current seat.[2]
The caucus was approved as an official congressional member organization by the House Administration Committee on July 19, 2010[3] and held its first meeting on July 21. Its first public event was a press conference on the grounds of the U.S. Capitol, also on July 21.[4] Four Senators joined the caucus on January 27, 2011.[5]
Members, 112th Congress
The caucus chairman is Michele Bachmann of Minnesota. As of March 31, 2011 the committee has 60 members, all Republicans.[15]
- Sandy Adams, Florida
- Robert Aderholt, Alabama
- Todd Akin, Missouri
- Rodney Alexander, Louisiana
- Michele Bachmann, Minnesota, Chairman
- Roscoe Bartlett, Maryland
- Joe Barton, Texas
- Gus Bilirakis, Florida
- Rob Bishop, Utah
- Diane Black, Tennessee
- Michael C. Burgess, Texas
- Paul Broun, Georgia
- Dan Burton, Indiana
- John Carter, Texas
- Bill Cassidy, Louisiana
- Howard Coble, North Carolina
- Mike Coffman, Colorado
- Chip Cravaack, Minnesota
- Ander Crenshaw, Florida
- John Culberson, Texas
- Jeff Duncan, South Carolina
- Blake Farenthold, Texas
- Stephen Fincher, Tennessee
- John Fleming, Louisiana
- Trent Franks, Arizona
- Phil Gingrey, Georgia
- Louie Gohmert, Texas
- Vicky Hartzler, Missouri
- Wally Herger, California
- Tim Huelskamp, Kansas
- Lynn Jenkins, Kansas
- Steve King, Iowa
- Doug Lamborn, Colorado
- Jeff Landry, Louisiana
- Blaine Luetkemeyer, Missouri
- Kenny Marchant, Texas
- Tom McClintock, California
- David McKinley, West Virginia
- Gary Miller, California
- Mick Mulvaney, South Carolina
- Randy Neugebauer, Texas
- Rich Nugent, Florida
- Steve Pearce, New Mexico
- Mike Pence, Indiana
- Ted Poe, Texas
- Tom Price, Georgia
- Denny Rehberg, Montana
- Phil Roe, Tennessee
- Dennis Ross, Florida
- Ed Royce, California
- Steve Scalise, Louisiana
- Tim Scott, South Carolina
- Pete Sessions, Texas
- Adrian Smith, Nebraska
- Lamar Smith, Texas
- Cliff Stearns, Florida
- Tim Walberg, Michigan
- Joe Walsh, Illinois
- Allen West, Florida
- Lynn Westmoreland, Georgia
- Joe Wilson, South Carolina
Members of Senate Caucus
- Jim DeMint (South Carolina)[5]
- Mike Lee (Utah)[5]
- Jerry Moran (Kansas)
- Rand Paul (Kentucky)[5]
Aronoff: Media’s Disgraceful Coverage of Debt-Ceiling Debate
“…The general performance of the media during the debt ceiling debate has been atrocious. The currency of journalists consists of words, and by completely debasing that currency, they are undermining their profession. They are also making it that much more difficult for the public to understand the choices and the consequences they are facing.
The constant reference to August 2nd being the date we default on our debt is utterly false. ABC has shown a “Countdown to Default” clock, ticking away to August 2nd. CNN has run similar graphics, as have all the networks, including the Fox News Channel. Even today MSNBC is showing a graphic that says, “Four Days to Default.” They have continued right through this week. Default occurs only if and when the U.S. fails to make interest payments to the bondholders on the debt it owes. Not only is August 2nd not the day the U.S. defaults on its debt, but the issue could easily be taken off the table, and President Obama could calm the markets by announcing that under no circumstances will he allow the U.S. to default, and he could assure that by saying he will definitely make that payment the highest priority until a deal is reached in Congress. Instead, he chose to have the debt ceiling “used as a gun against the heads” of Americans, which is exactly what he accused the Republicans of doing earlier this month, in language that was supposed to be no longer acceptable after the tragic shooting of Rep. Gabrielle Giffords in Tucson last January.
Charles Gasparino of Fox Business News reported this week that the Obama administration has begun calling major Wall Street banks to assure them that the U.S. won’t default on its debt. Sources have told me that the administration is also trying to get the banks to lobby on its behalf.
The other egregious falsehood reveals an astounding lack of knowledge, or willingness to deceive, about the difference between the deficit and the national debt. Here, for example, from Jake Tapper of ABC News: “The president continues to push for a ‘grand bargain,’ buoyed by the bipartisan ‘Gang of Six’ proposal that would reduce the deficit by $3.7 trillion over the next decade through spending cuts and tax increases.”
And here, from Stephanie Condon of CBS News: “The deal would reduce the deficit by nearly $4 trillion…”
President Obama in his July 25th prime time address to the country said, “This balanced approach asks everyone to give a little without requiring anyone to sacrifice too much. It would reduce the deficit (emphasis added) by around $4 trillion and put us on a path to pay down our debt.
This misuse of the language has been the rule, not the exception. As explained on the Treasury Department’s own website, “The deficit is the difference between the money Government takes in, called receipts, and what the Government spends, called outlays, each year.” (emphasis added) The same website says that “One way to think about the debt is as accumulated deficits.” This is basic economics, but astonishingly, the President and most of the media constantly get it wrong. Is it on purpose, to mislead, or do they not understand the difference? …”
Which Budgets Are Balanced And Living Within The Means of The American People?
4/5/11 Republican Leadership Press Conference
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
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
Sen. Toomey Unveils his FY 2012 Budget
Senator Pat Toomey Talks with Michael Medved about his Budget
S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurplus | Debt Held By Public |
2011 | 3,625 | 2,230 | -1,351 | 10,351 |
2012 | 3,477 | 2,538 | -919 | 11,418 |
2013 | 3,485 | 2,964 | -521 | 12,217 |
2014 | 3,509 | 3,216 | -291 | 12,801 |
2015 | 3,623 | 3,391 | -233 | 13,326 |
2016 | 3,765 | 3,524 | -241 | 13,886 |
2017 | 3,853 | 3,736 | -117 | 14,363 |
2018 | 3,955 | 3,916 | -39 | 14,800 |
2019 | 4,140 | 4,108 | -32 | 15,254 |
2020 | 4,302 | 4,325 | 23 | 15,681 |
2021 | 4,493 | 4,566 | 73 | 16,071 |
2012-2021 | 38,602 | 36,304 | -2298 | n.a. |
http://www.scribd.com/doc/55116239/Restoring-Balance-Final
SA@TAC – The GOP, War and the Debt
3/09/11: Sen. Rand Paul on balancing the budget
03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan
S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurpluses | Debt Held By Public |
2011 | 3,708 | 2,228 | -1,480 | 10,430 |
2012 | 3,100 | 2,547 | -553 | 11,051 |
2013 | 3,152 | 2,755 | -397 | 11,532 |
2014 | 3,227 | 3,088 | -139 | 11,748 |
2015 | 3,360 | 3,244 | -116 | 11,942 |
2016 | 3,430 | 3,349 | 19 | 11,997 |
2012-2016 | 16,269 | 15,083 | -1,188 | n.a. |
http://campaignforliberty.com/materials/RandBudget.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. |
Baseline (budgeting)
“…Baseline budgeting is a method of developing a budget which uses existing spending levels as the basis for establishing future funding requirements. The concept assumes that the organization is generally headed in the right direction and only minor changes in spending levels will be required. The baseline is normally enhanced by adding adjustment factors based on issues such as inflation, new programs, and anticipated changes to existing programs.
The genesis of baseline budget projections can be found in the Congressional Budget Act of 1974. That act required the Office of Management and Budget (OMB) to prepare projections of federal spending for the upcoming fiscal year based on a continuation of the existing level of governmental services. It also required the newly established Congressional Budget Office to prepare five-year projections of budget authority, outlays, revenues, and the surplus or deficit. OMB published its initial current-services budget projections in November 1974, and CBO’s five-year projections first appeared in January 1976. Today’s baseline budget projections are very much like those prepared more than two decades ago, although they now span 10 years instead of five.
The Budget Act was silent on whether to adjust estimates of discretionary appropriations for anticipated changes in inflation. Until 1980, OMB’s projections excluded inflation adjustments for discretionary programs. CBO’s projections, however, assumed that appropriations would keep pace with inflation, although CBO has also published projections without these so-called discretionary inflation adjustments.
CBO’s budget projections took on added importance in 1980 and 1981, when they served as the baseline for computing spending reductions to be achieved in the budget reconciliation process. The reconciliation instructions contained in the fiscal year 1982 budget resolution (the so-called Gramm-Latta budget) required House and Senate committees to reduce outlays by a total of $36 billion below baseline levels, but each committee could determine how those savings were to be achieved. The CBO baseline has been used in every year since 1981 for developing budget resolutions and measuring compliance with reconciliation instructions.
The Deficit Control Act of 1985 provided the first legal definition of baseline. For the most part, the act defined the baseline in conformity with previous usage. If appropriations had not been enacted for the upcoming fiscal year, the baseline was to assume the previous year’s level without any adjustment for inflation. In 1987, however, the Congress amended the definition of the baseline so that discretionary appropriations would be adjusted to keep pace with inflation. Other technical changes to the definition of the baseline were enacted in 1990, 1993, and 1997.
Baseline budget projections increasingly became the subject of political debate and controversy during the late 1980s and early 1990s, and more recently during the 2011 debt limit debate. Some critics contend that baseline projections create a bias in favor of spending by assuming that federal spending keeps pace with inflation and other factors driving the growth of entitlement programs. Changes that merely slow the growth of federal spending programs have often been described as cuts in spending, when in reality they are actually reductions in the rate of spending growth.
There have been attempts to eliminate the baseline budget concept and replace it with zero based budgeting, which is the opposite of baseline budgeting. Zero based budgeting requires that all spending must be re-justified each year or it will be eliminated from the budget regardless of previous spending levels.
According to the Government Accountability Office, a Baseline is as follows:
Baseline
“An estimate of spending, revenue, the deficit or surplus, and the public debt expected during a fiscal year under current laws and current policy. The baseline is a benchmark for measuring the budgetary effects of proposed changes in revenues and spending. It assumes that receipts and mandatory spending will continue or expire in the future as required by law and that the future funding for discretionary programs will equal the most recently enacted appropriation, adjusted for inflation. Under the Budget Enforcement Act (BEA), which will expire at the end of fiscal year 2006, the baseline is defined as the projection of current-year levels of new budget authority, outlays, revenues, and the surplus or deficit into the budget year and outyears based on laws enacted through the applicable date.
CBO Baseline
Projected levels of governmental receipts (revenues), budget authority, and outlays for the budget year and subsequent fiscal years, assuming generally that current policies remain the same, except as directed by law. The baseline is described in the Congressional Budget Office’s (CBO) annual report for the House and Senate Budget Committees, The Budget and Economic Outlook, which is published in January. The baseline, by law, includes projections for 5 years, but at the request of the Budget Committees, CBO has provided such projections for 10 years. In most years the CBO baseline is revised in conjunction with CBO’s analysis of the President’s budget, which is usually issued in March, and again during the summer. The “March” baseline is the benchmark for measuring the budgetary effects of proposed legislation under consideration by Congress.” …”
External links
http://en.wikipedia.org/wiki/Baseline_(budgeting)
Rasmussen Reports
Most Voters Are Unhappy With Both Sides in the Debt Ceiling Debate
“…Most voters don’t care much for the way either political party is performing in the federal debt ceiling debate.
The latest Rasmussen Reports national telephone survey finds that 58% of Likely U.S. Voters at least somewhat disapprove of the way President Obama and congressional Democrats are handling the debate over the debt ceiling, with 38% who Strongly Disapprove. But 53% also disapprove of how congressional Republicans are handling the debate, including 32% who Strongly Disapprove.
Just 36% approve of how Obama and Democrats are doing, with 10% who Strongly Approve. Forty percent (40%) approve of the GOP’s performance, including 13% who Strongly Approve. (To see survey question wording, click here.)
While the two sides continue to wrangle over how to avoid defaulting on the government’s massive debt load, most voters nationwide are worried the final deal will raise taxes too much and cut spending too little.
Whatever spending cuts are in the final deal, 49% of all voters don’t think the government will actually cut the spending agreed upon. A commentary by Scott Rasmussen, published in Politico, put it this way: “Based on the history of the past few decades, voters have learned that politicians promising unspecified spending cuts should be treated with all the credibility of a six-year old boy caught with his hand in the cookie jar promising to be good for the rest of his life.” …”
Rasmussen Reports
55% Oppose Tax Hike In Debt Ceiling Deal
“…As the Beltway politicians try to figure out how they will raise the debt ceiling and for how long, most voters oppose including tax hikes in the deal.
Just 34% think a tax hike should be included in any legislation to raise the debt ceiling. A new Rasmussen Reports national telephone survey finds that 55% disagree and say it should not. …”
“…There is a huge partisan divide on the question. Fifty-eight percent (58%) of Democrats want a tax hike in the deal while 82% of Republicans do not. Among those not affiliated with either major political party, 35% favor a tax hike and 51% are opposed.
Americans who earn more than $75,000 a year are evenly divided as to whether a tax hike should be included in the debt ceiling deal. Those who earn less are opposed to including tax hikes.
Voters remain very concerned about the debt ceiling issue. Sixty-nine percent (69%) believe that it would be bad for the economy if a failure to raise the debt ceiling led to government defaults. Only 6% believe it would be good for theeconomy. Fourteen percent (14%) believe it would have no impact and 11% are notsure. These figures are little changed from a few weeks ago. …”
House passes Ryan’s ’12 budget; conservatives want more cuts
“…The House on Friday approved a fiscal year 2012 budget resolution from Budget Committee Chairman Paul Ryan (R-Wis.) that seeks to drastically limit government spending next year and in years to follow.
But the vote on the measure — which imposes $5.8 trillion in spending cuts over the next decade — came after a clear sign that at least half of the Republican Caucus supports even tougher spending cuts.
The final tally was 235-193, with four Republicans opposing it. They were Reps. Ron Paul (Texas), Denny Rehberg (Mont.), Walter Jones (N.C.) and David McKinley (W.Va.).
Rehberg, the appropriator in charge of health spending, is running for Montana’s Senate seat.
Majority Whip Kevin McCarthy (R-Calif.) said listening sessions with Republican members made it the strongest vote of the year.
“This is the process we should follow on all votes,” he said.
Every Democrat voted “no.” …”
House passes cut, cap and balance — and a deal is in sight
By Jennifer Rubin
“…The Republican-controlled House defied a presidential veto threat Tuesday night in approving a bill to amend the Constitution to require a balanced federal budget. But Speaker John A. Boehner acknowledged that a backup plan is needed, and a Senate GOP leader said he expects such an alternative to win his chamber’s approval.
The House voted 234 to 190 in favor of the “Cut, Cap and Balance Act,” which the White House has said will be vetoed in the unlikely event it passes the Senate and reaches President Obama’s desk. Faced with those prospects, Boehner told reporters that it would also be responsible to consider a backup plan for raising the federal debt ceiling and thus averting a potentially disastrous default on U.S. obligations.
Related Posts On Pronk Palisades
Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos
The Second Obama Recession Starts Or The Great Obama Depression Continues–The Growth Rate of Gross Domestic Product Declines For Four Consecutive Quarters–The Economy Has Peaked And Entered A Period Of Stagflation–Rising Prices, Unemployment And Obama Misery Index!–Ron Paul To The Rescue?–Videos
Read Full Post | Make a Comment ( None so far )The Tea Party’s Compromise Offer Of A $2 Hike In The National Debt Ceiling For Every $1 Cut In Fiscal Year 2012 Budget Spending Outlays–$2,400 Billion Hike In National Debt Ceiling For $1,200 Billion Cut In Fiscal Year 2012 Budget –The Great Deal–A Balanced Budget!–Videos
The Tea Party movement Representatives, Senators and supporters in the spirit of compromise, a balanced approach and fiscal responsibility offers both the Democratic and Republican Party establishments and their leadership a Great Deal that the American people fully support–A Balanced Budget!
The Tea Party movement will agree to a $2,400 billion immediate increase in the National Debt ceiling in exchange for balancing the Fiscal Year 2012 budget by an immediate decrease in estimated spending outlays of $1,200 billion which will balance the Fiscal Year 2012 with estimated tax revenues of about $2,500 billion.
Do the right thing for your children, grandchildren and future generations by announcing your acceptance of The Great Deal today.
This would restore consumer and business confidence, grow the economy and dramatically reduce the unemployment rates.
This may even get you re-elected in November 2012!
Ron Paul on Debt limit and Boehner’s bill
Ron Paul on Freedom Watch: We Are Defaulting Either Way
Ron Paul on FED Manipulation of US Dollar & Debt Ceiling
7-28-11 – Sen. Rand Paul on Fox News with Greta Van Susteran – 07-27-11
Rand Paul Blasts Reid, Boehner Plans [FOX 7-27-2011]
Dan Mitchell Explaining the Debt Limit Fight for Bloomberg Asia
Underwhelming Spending Cuts from Congress and Obama
Cut, Cap and Balance,” the Debt Ceiling and Federal Spending
Rush Limbaugh – Ok Here Is The History Of The Base Line Budget
Debt Ceiling Crisis: Boehner vs. Tea Party
Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending
Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?
House GOP’s $61 Billion Spending Cuts in Perspective
Smoke and Mirrors on Spending Cuts
It’s Simple to Balance The Budget Without Higher Taxes
Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:
Which Budgets Are Balanced And Living Within The Means of The American People?
4/5/11 Republican Leadership Press Conference
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
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
Sen. Toomey Unveils his FY 2012 Budget
Senator Pat Toomey Talks with Michael Medved about his Budget
S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurplus | Debt Held By Public |
2011 | 3,625 | 2,230 | -1,351 | 10,351 |
2012 | 3,477 | 2,538 | -919 | 11,418 |
2013 | 3,485 | 2,964 | -521 | 12,217 |
2014 | 3,509 | 3,216 | -291 | 12,801 |
2015 | 3,623 | 3,391 | -233 | 13,326 |
2016 | 3,765 | 3,524 | -241 | 13,886 |
2017 | 3,853 | 3,736 | -117 | 14,363 |
2018 | 3,955 | 3,916 | -39 | 14,800 |
2019 | 4,140 | 4,108 | -32 | 15,254 |
2020 | 4,302 | 4,325 | 23 | 15,681 |
2021 | 4,493 | 4,566 | 73 | 16,071 |
2012-2021 | 38,602 | 36,304 | -2298 | n.a. |
http://www.scribd.com/doc/55116239/Restoring-Balance-Final
SA@TAC – The GOP, War and the Debt
3/09/11: Sen. Rand Paul on balancing the budget
03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan
S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurpluses | Debt Held By Public |
2011 | 3,708 | 2,228 | -1,480 | 10,430 |
2012 | 3,100 | 2,547 | -553 | 11,051 |
2013 | 3,152 | 2,755 | -397 | 11,532 |
2014 | 3,227 | 3,088 | -139 | 11,748 |
2015 | 3,360 | 3,244 | -116 | 11,942 |
2016 | 3,430 | 3,349 | 19 | 11,997 |
2012-2016 | 16,269 | 15,083 | -1,188 | n.a. |
http://campaignforliberty.com/materials/RandBudget.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. |
Baseline (budgeting)
“…Baseline budgeting is a method of developing a budget which uses existing spending levels as the basis for establishing future funding requirements. The concept assumes that the organization is generally headed in the right direction and only minor changes in spending levels will be required. The baseline is normally enhanced by adding adjustment factors based on issues such as inflation, new programs, and anticipated changes to existing programs.
The genesis of baseline budget projections can be found in the Congressional Budget Act of 1974. That act required the Office of Management and Budget (OMB) to prepare projections of federal spending for the upcoming fiscal year based on a continuation of the existing level of governmental services. It also required the newly established Congressional Budget Office to prepare five-year projections of budget authority, outlays, revenues, and the surplus or deficit. OMB published its initial current-services budget projections in November 1974, and CBO’s five-year projections first appeared in January 1976. Today’s baseline budget projections are very much like those prepared more than two decades ago, although they now span 10 years instead of five.
The Budget Act was silent on whether to adjust estimates of discretionary appropriations for anticipated changes in inflation. Until 1980, OMB’s projections excluded inflation adjustments for discretionary programs. CBO’s projections, however, assumed that appropriations would keep pace with inflation, although CBO has also published projections without these so-called discretionary inflation adjustments.
CBO’s budget projections took on added importance in 1980 and 1981, when they served as the baseline for computing spending reductions to be achieved in the budget reconciliation process. The reconciliation instructions contained in the fiscal year 1982 budget resolution (the so-called Gramm-Latta budget) required House and Senate committees to reduce outlays by a total of $36 billion below baseline levels, but each committee could determine how those savings were to be achieved. The CBO baseline has been used in every year since 1981 for developing budget resolutions and measuring compliance with reconciliation instructions.
The Deficit Control Act of 1985 provided the first legal definition of baseline. For the most part, the act defined the baseline in conformity with previous usage. If appropriations had not been enacted for the upcoming fiscal year, the baseline was to assume the previous year’s level without any adjustment for inflation. In 1987, however, the Congress amended the definition of the baseline so that discretionary appropriations would be adjusted to keep pace with inflation. Other technical changes to the definition of the baseline were enacted in 1990, 1993, and 1997.
Baseline budget projections increasingly became the subject of political debate and controversy during the late 1980s and early 1990s, and more recently during the 2011 debt limit debate. Some critics contend that baseline projections create a bias in favor of spending by assuming that federal spending keeps pace with inflation and other factors driving the growth of entitlement programs. Changes that merely slow the growth of federal spending programs have often been described as cuts in spending, when in reality they are actually reductions in the rate of spending growth.
There have been attempts to eliminate the baseline budget concept and replace it with zero based budgeting, which is the opposite of baseline budgeting. Zero based budgeting requires that all spending must be re-justified each year or it will be eliminated from the budget regardless of previous spending levels.
According to the Government Accountability Office, a Baseline is as follows:
Baseline
“An estimate of spending, revenue, the deficit or surplus, and the public debt expected during a fiscal year under current laws and current policy. The baseline is a benchmark for measuring the budgetary effects of proposed changes in revenues and spending. It assumes that receipts and mandatory spending will continue or expire in the future as required by law and that the future funding for discretionary programs will equal the most recently enacted appropriation, adjusted for inflation. Under the Budget Enforcement Act (BEA), which will expire at the end of fiscal year 2006, the baseline is defined as the projection of current-year levels of new budget authority, outlays, revenues, and the surplus or deficit into the budget year and outyears based on laws enacted through the applicable date.
CBO Baseline
Projected levels of governmental receipts (revenues), budget authority, and outlays for the budget year and subsequent fiscal years, assuming generally that current policies remain the same, except as directed by law. The baseline is described in the Congressional Budget Office’s (CBO) annual report for the House and Senate Budget Committees, The Budget and Economic Outlook, which is published in January. The baseline, by law, includes projections for 5 years, but at the request of the Budget Committees, CBO has provided such projections for 10 years. In most years the CBO baseline is revised in conjunction with CBO’s analysis of the President’s budget, which is usually issued in March, and again during the summer. The “March” baseline is the benchmark for measuring the budgetary effects of proposed legislation under consideration by Congress.” …”
External links
- Congressional Budget Act
- Office of Management and Budget
- Government Accountability Office
- House Budget Committee (Republican Site)
- House Budget Committee (Democratic Site)
- Senate Budget Committee (Republican Site)
- Senate Budget Committee (Democratic Site)
http://en.wikipedia.org/wiki/Baseline_(budgeting)
Background Articles and Video
Sen. Toomey Gives a Speech on the Debt Limit at AEI
Smoke and Mirrors on Spending Cuts
Ron Paul on the U.S. Government’s Debt Crisis
The Debt Limit: Made Simple
Ron Paul 2012 Amazing!!!
Rasmussen Reports
Most Voters Are Unhappy With Both Sides in the Debt Ceiling Debate
“…Most voters don’t care much for the way either political party is performing in the federal debt ceiling debate.
The latest Rasmussen Reports national telephone survey finds that 58% of Likely U.S. Voters at least somewhat disapprove of the way President Obama and congressional Democrats are handling the debate over the debt ceiling, with 38% who Strongly Disapprove. But 53% also disapprove of how congressional Republicans are handling the debate, including 32% who Strongly Disapprove.
Just 36% approve of how Obama and Democrats are doing, with 10% who Strongly Approve. Forty percent (40%) approve of the GOP’s performance, including 13% who Strongly Approve. (To see survey question wording, click here.)
While the two sides continue to wrangle over how to avoid defaulting on the government’s massive debt load, most voters nationwide are worried the final deal will raise taxes too much and cut spending too little.
Whatever spending cuts are in the final deal, 49% of all voters don’t think the government will actually cut the spending agreed upon. A commentary by Scott Rasmussen, published in Politico, put it this way: “Based on the history of the past few decades, voters have learned that politicians promising unspecified spending cuts should be treated with all the credibility of a six-year old boy caught with his hand in the cookie jar promising to be good for the rest of his life.” …”
Rasmussen Reports
55% Oppose Tax Hike In Debt Ceiling Deal
“…As the Beltway politicians try to figure out how they will raise the debt ceiling and for how long, most voters oppose including tax hikes in the deal.
Just 34% think a tax hike should be included in any legislation to raise the debt ceiling. A new Rasmussen Reports national telephone survey finds that 55% disagree and say it should not. …”
“…There is a huge partisan divide on the question. Fifty-eight percent (58%) of Democrats want a tax hike in the deal while 82% of Republicans do not. Among those not affiliated with either major political party, 35% favor a tax hike and 51% are opposed.
Americans who earn more than $75,000 a year are evenly divided as to whether a tax hike should be included in the debt ceiling deal. Those who earn less are opposed to including tax hikes.
Voters remain very concerned about the debt ceiling issue. Sixty-nine percent (69%) believe that it would be bad for the economy if a failure to raise the debt ceiling led to government defaults. Only 6% believe it would be good for theeconomy. Fourteen percent (14%) believe it would have no impact and 11% are notsure. These figures are little changed from a few weeks ago. …”
House passes Ryan’s ’12 budget; conservatives want more cuts
“…The House on Friday approved a fiscal year 2012 budget resolution from Budget Committee Chairman Paul Ryan (R-Wis.) that seeks to drastically limit government spending next year and in years to follow.
But the vote on the measure — which imposes $5.8 trillion in spending cuts over the next decade — came after a clear sign that at least half of the Republican Caucus supports even tougher spending cuts.
The final tally was 235-193, with four Republicans opposing it. They were Reps. Ron Paul (Texas), Denny Rehberg (Mont.), Walter Jones (N.C.) and David McKinley (W.Va.).
Rehberg, the appropriator in charge of health spending, is running for Montana’s Senate seat.
Majority Whip Kevin McCarthy (R-Calif.) said listening sessions with Republican members made it the strongest vote of the year.
“This is the process we should follow on all votes,” he said.
Every Democrat voted “no.” …”
House passes cut, cap and balance — and a deal is in sight
By Jennifer Rubin
“…The Republican-controlled House defied a presidential veto threat Tuesday night in approving a bill to amend the Constitution to require a balanced federal budget. But Speaker John A. Boehner acknowledged that a backup plan is needed, and a Senate GOP leader said he expects such an alternative to win his chamber’s approval.
Read Full Post | Make a Comment ( None so far )The House voted 234 to 190 in favor of the “Cut, Cap and Balance Act,” which the White House has said will be vetoed in the unlikely event it passes the Senate and reaches President Obama’s desk. Faced with those prospects, Boehner told reporters that it would also be responsible to consider a backup plan for raising the federal debt ceiling and thus averting a potentially disastrous default on U.S. obligations.
Tea Party Democrats, Republicans, and Independents Betrayed–Tell The Democratic and Republican Establishments To Balance The Budget and Cut The Debt Ceiling–Just Say No To Obama, Reid, Boehner and Ryan Unbalanced Budgets–Videos
Lying Politicians And Words
“By and large, language is a tool for concealing the truth.”
~George Carlin
“You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”
~Abraham Lincoln
Freedom is the Only Solution
Ron Paul on Debt limit and Boehner’s bill
Ron Paul on Freedom Watch: We Are Defaulting Either Way
7-28-11 – Sen. Rand Paul on Fox News with Greta Van Susteran – 07-27-11
Rand Paul Blasts Reid, Boehner Plans [FOX 7-27-2011]
Ron Paul on Freedom Watch 07/27/11
Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?
The Laura Ingraham Show – Speaker John Boehner answers tea party criticism
Office of the Majority Whip | Balanced Budget Amendment Video
Debt Ceiling Crisis: Boehner vs. Tea Party
SA@TAC – Ron Paul’s Pledge to America
Smoke and Mirrors on Spending Cuts
House GOP’s $61 Billion Spending Cuts in Perspective
John Boehner Goes Back On The Head Of The Republican Parties Radio Show Rush Limbaugh
McCain to Republicans: Pushing Balanced Budget Amendment is “Bizarro”
FOX: DeMint Slams Reid & Boehner Plans
Mark Levin Interviews Jim Demint – I’m Not Encouraged By Whats Going On In Washington Right Now
Ron Paul Ad – Conviction
The tea party movement has been betrayed by the Republican Party establishment leadership including John Boehner, Eric Cantor, Mitch McConnell and Paul Ryan.
The big dirty secret the ruling class in Washington D.C. do not want the American people to know is the Fiscal Year 2012 budget will be in deficit by about $1,000 billion.
The Boehner bill will add over $7,000 billion in additional debt over the next ten years and would not balance in any of the next ten years!
This is not fiscally responsible nor is it a “balanced approach”.
This is business as usual and a betrayal of the American people and the conservative, libertarian and tea party movements.
The Democratic and Republican Establishments aka the “ruling class” are addicted to spending money the American people do not have on things the American people do not need.
The Democratic and Republican Establishments try to fool the American people with phony cuts in the growth of the current services baseline budget by emphasizing trillion-dollar “cuts” over a ten-year budget timeframe.
There are never any cuts in the current service baseline budget only cuts in the growth rates over ten years of the budget baseline.
Underwhelming Spending Cuts from Congress and Obama
“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending
The American people are not fooled by this nonsense and rubbish.
The only year that counts is Fiscal Year 2012 that starts October 1, 2011 and ends September 30, 2012.
The only cuts that are real are actual cuts in the budget baseline itself and not cuts in the rate of growth of that baseline.
Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano
It’s Simple to Balance The Budget Without Higher Taxes
Ron Paul to Congress: Freeze Big Government!
Ron Paul knew everything
Stop budgeting to the current services budget baseline and budget to estimated tax revenue collections.
Stop closed-door deals, commissions, select committees and gangs.
Stop lying and misleading the American people.
Vote against any budget that is not balanced.
Vote against any increase in the National Debt ceiling.
Vote for closing permanently Government Departments, agencies and hundreds of programs.
Vote for cutting the Budget Baseline not for cutting the rate of growth of the Budget Baseline!
Vote for the FairTax.
The political ruling class is bought and paid for and are wrecking the economy, destroying jobs and killing the American Dream.
The American people will eventually learn the secret and that both political parties have been lying to them.
A plague on both political parties.
Both political parties are responsible for the bloated budgets and massive deficits.
Let the party establishments clean their own mess up.
The Democratic and Republican Party establishments simply do not give a flip about the American people.
The conservative, libertarian and tea party movements will need to challenge Republican office holders in the primaries and the Democrats in the general election.
Suggest you listen to the late George Carlin.
George Carlin -“Who Really Controls America”
“Inside every cynical person, there is a disappointed idealist.”
“Always do whatever’s next.”
~George Carlin
Background Articles and Videos
Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:
Which Budgets Are Balanced And Living Within The Means of The American People?
4/5/11 Republican Leadership Press Conference
O’Reilly — Does Obama Care About the Economy?
Democrats’ Budget Plan – “Blank Check”
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
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
Sen. Toomey Unveils his FY 2012 Budget
Senator Pat Toomey Talks with Michael Medved about his Budget
S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurplus | Debt Held By Public |
2011 | 3,625 | 2,230 | -1,351 | 10,351 |
2012 | 3,477 | 2,538 | -919 | 11,418 |
2013 | 3,485 | 2,964 | -521 | 12,217 |
2014 | 3,509 | 3,216 | -291 | 12,801 |
2015 | 3,623 | 3,391 | -233 | 13,326 |
2016 | 3,765 | 3,524 | -241 | 13,886 |
2017 | 3,853 | 3,736 | -117 | 14,363 |
2018 | 3,955 | 3,916 | -39 | 14,800 |
2019 | 4,140 | 4,108 | -32 | 15,254 |
2020 | 4,302 | 4,325 | 23 | 15,681 |
2021 | 4,493 | 4,566 | 73 | 16,071 |
2012-2021 | 38,602 | 36,304 | -2298 | n.a. |
http://www.scribd.com/doc/55116239/Restoring-Balance-Final
SA@TAC – The GOP, War and the Debt
3/09/11: Sen. Rand Paul on balancing the budget
03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan
S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurpluses | Debt Held By Public |
2011 | 3,708 | 2,228 | -1,480 | 10,430 |
2012 | 3,100 | 2,547 | -553 | 11,051 |
2013 | 3,152 | 2,755 | -397 | 11,532 |
2014 | 3,227 | 3,088 | -139 | 11,748 |
2015 | 3,360 | 3,244 | -116 | 11,942 |
2016 | 3,430 | 3,349 | 19 | 11,997 |
2012-2016 | 16,269 | 15,083 | -1,188 | n.a. |
http://campaignforliberty.com/materials/RandBudget.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. |
Peter Ferrara’s Too-Nice Attack on Phony Washington Budget Deals
Posted by Daniel J. Mitchell
“…Writing in the Wall Street Journal, Peter Ferrara of the Institute for Policy Innovation explains that Washington budget deals don’t work because politicians never follow through on promised spending cuts. This is a very relevant argument, since President Obama’s so-called Deficit Reduction Commission supposedly is considering a deal featuring $3 of spending cuts for every $1 of tax increases (disturbingly reminiscent of what was promised — but never delivered — as part of the infamous 1982 TEFRA budget scam).
Washington’s traditional approach to balancing the budget is to negotiate an agreement on a package of benefit cuts and tax increases. President Obama’s deficit commission seems likely to recommend just this strategy in December. The problem is that it never works. What happens is the tax increases get permanently adopted into law. But the spending cuts are almost never fully adopted and, even if they are, they are soon swept away in the next spendthrift budget. Then — because taxes weaken incentives to produce — the tax increases don’t raise the revenue that Congress initially projected and budgeted to spend. So the deficit reappears.
In 1982, congressional Democrats promised President Ronald Reagan $3 in spending cuts for every dollar in tax increases. Reagan went to his grave waiting for those spending cuts. Then there was the budget deal in 1990, when President George H.W. Bush agreed to violate his famous campaign pledge — “Read my lips, no new taxes,” he had said in 1988 — in pursuit of a balanced budget. But after the deal, the deficit increased substantially: to $290 billion in 1992 from $221 billion in 1990.
As the excerpt indicates, Peter’s column is solid and everything he writes is correct, but it suffers from one major sin of omission. He should have exposed the dishonest practice of using “current services” or “baseline” budgeting. This is the clever Washington practice of assuming that all previously planned spending increases should go into effect and categorizing any budget that increases spending by a lower amount as a spending cut. In other words, if the hypothetical “baseline” budget increases by 7 percent, and a budget is proposed that increases spending by 4 percent, that 4 percent spending increase magically gets transformed into a 3 percent spending cut.
Politicians love “current services” or “baseline” budgeting for two reasons. First, it allows them to have their cake and eat it too. They can simultaneously shovel more money to interest groups while telling voters they are “cutting” spending. Second, it rigs the process in favor of bigger government. This is because lawmakers who actually propose to restrain the growth of spending can be lambasted for wanting “savage” and “draconian” budget cuts totaling “trillions of dollars” when all they’re actually proposing is to have spending grow by less than the so-called baseline. But since people in the real world use honest math rather than “current services” math, they assume that spending is being reduced next year by some large amount compared to what is being spent this year. And if the phony budget cut numbers sound too big (especially for specific programs such as Medicare or Medicaid), they sometimes conclude that it would be better to raise taxes.
Speaking of which, the same misleading process works on the revenue side of the budget. The politicians automatically get to keep whatever additional revenue is generated by population growth and higher incomes, which is not trivial since revenue in a typical year grows faster than nominal GDP. But when they do a budget deal featuring X dollars of tax increases for every Y dollars of spending cuts, the additional taxes are always on top of the revenue increases that already are occurring. And since the supposed spending cuts invariably are nothing more than reductions in planned increases, it should come as no surprise that the burden of spending always seems to increase. …”
http://www.cato-at-liberty.org/peter-ferraras-too-nice-attack-on-phony-washington-budget-deals/
Tim Russert Interviews George Carlin
George Carlin interview (1996) – Late Show with Tom Snyder, part 1
George Carlin interview (1996) – Late Show with Tom Snyder, part 2
George Carlin interview (1996) – Late Show with Tom Snyder, part 3
George Carlin On His Time In The Military
Related Posts On Pronk Palisades
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
The Pronk Plan for A Peace and Prosperity Economy–Videos
Related Posts On Pronk Pops
Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos
Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos
Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos
Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s
Read Full Post | Make a Comment ( None so far )Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos
American Citizens for Fiscal Responsibility
“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
Fiscal Responsibility Pledge
I, ________________________________________, pledge to the taxpayers of the state
of ____________________________, and to the American people that I will:
1. Support and vote for only balanced budgets or surplus budgets where total estimated Federal government tax revenues for each fiscal year equals or exceeds total estimated Federal government spending outlays.
2. Support and vote for only decreases in the national debt ceiling.
3. Support and vote for the FairTax. The FairTax abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax on new goods and services, and administered primarily by existing state sales tax authorities. Once enacted any changes in the FairTax or increases in the FairTax rate will require two-thirds roll call vote of the House of Representatives and Senate.
4. Support and vote for the repeal of the 16th Amendment to the Constitution of the United States.
5. Support and vote for a balanced budget Amendment to the Constitution of the United State which allows budget surpluses or requires the balancing of tax revenues and spending outlays each fiscal year, limits Federal Government spending to eight-teen percent (18%) of Gross Domestic Product or less, requires a two-thirds majority roll call vote for any proposed tax increase in the House of Representatives and Senate and where the only exception to a surplus budget or balanced budget is the passage of a declaration of war that would require unbalanced budgets and increases in the national debt.
___________________________________________ ___________________________________
Signature Date Signed
__________________________________________ ___________________________________
Witness Witness
Pledge must be signed, dated, witnessed and returned to the:
American Citizens for Fiscal Responsibility
10455 N. Central Expressway-#109-228
Dallas, Texas 75231
Background Articles and Videos
Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano
It’s Simple to Balance The Budget Without Higher Taxes
US bankruptcy, fiscal ‘child abuse’ and six-decade Ponzi scheme
Next Generation To Suffer From Fiscal Gap…Kotlikoff Says!
Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending
“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending
Underwhelming Spending Cuts from Congress and Obama
Obama/Boehner’s Phony Spending Cuts
House GOP’s $61 Billion Spending Cuts in Perspective
Senator Rand Paul Speaks Out Against the Continuing Resolution
Our Troubling Tax System
What is the FairTax legislation?
Lugar Cosponsors the FairTax
The FairTax: It’s Time
FairTax.org
http://www.fairtax.org/site/PageServer?pagename=about_main
Ron Paul Ad – Conviction
DEBT CEILING | Ron Paul | Debt Crisis
Michele Bachmann: Courage
Raising the Debt Ceiling: It Just Makes Sense. Not.
U.S. Senator Mike Lee Proposes a Constitutional Amendment to Limit Congress’ Spending
America is bankrupt
Laurence Kotlikof
“…THE US has a fiscal gap—the present value of all its future spending (including servicing its official debt) less all its future taxes of $202 trillion—almost 14 times GDP. Greece, by comparison, has a fiscal gap of about 11 times GDP. To close the US fiscal gap would require raising all federal taxes, immediately and permanently by almost two thirds!
The Economist as well as all other financial media as well as virtually all economists (academic and business) and policymakers are focusing on the official debt. For the US, the official debt is $9 trillion. This is minor compared to the fiscal gap, which includes all liabilities, official and unofficial. The fiscal gap is huge compare to the official debt because Uncle Sam has spent six decades accumulating massive obligations to make social insurance payments, which it carefully kept off the books. …”
http://www.economist.com/economics/by-invitation/guest-contributions/america_bankrupt
U.S. funding for future promises lags by trillions
By Dennis Cauchon, USA TODAY
“…The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.
This gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product.
Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling.
Social Security added $1.4 trillion in obligations, partly reflecting longer life expectancies. Federal and military retirement programs added more to the financial hole, too.
Corporations would be required to count these new liabilities when they are taken on — and report a big loss to shareholders. Unlike businesses, however, Congress postpones recording spending commitments until it writes a check.
The $61.6 trillion in unfunded obligations amounts to $528,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.
“The (federal) debt only tells us what the government owes to the public. It doesn’t take into account what’s owed to seniors, veterans and retired employees,” says accountant Sheila Weinberg, founder of the Institute for Truth in Accounting, a Chicago-based group that advocates better financial reporting. “Without accurate accounting, we can’t make good decisions.” …”
http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-in-debt_n.htm
A SUMMARY OF THE 2011 ANNUAL REPORTS
Social Security and Medicare Boards of Trustees
A MESSAGE TO THE PUBLIC:
Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. This message summarizes our 2011 Annual Reports.
The financial conditions of the Social Security and Medicare programs remain challenging. Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative modifications if disruptive consequences for beneficiaries and taxpayers are to be avoided.
The long-run financial challenges facing Social Security and Medicare should be addressed soon. If action is taken sooner rather than later, more options and more time will be available to phase in changes so that those affected have adequate time to prepare. Earlier action will also afford elected officials with a greater opportunity to minimize adverse impacts on vulnerable populations, including lower-income workers and those who are already substantially dependent on program benefits.
Both Social Security and Medicare, the two largest federal programs, face substantial cost growth in the upcoming decades due to factors that include population aging as well as the growth in expenditures per beneficiary. Through the mid-2030s, due to the large baby-boom generation entering retirement and lower-birth-rate generations entering employment, population aging is the largest single factor contributing to cost growth in the two programs. Thereafter, the continued rapid growth in health care cost per beneficiary becomes the larger factor.
Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:
Which Budgets Are Balanced And Living Within The Means of The American People?
4/5/11 Republican Leadership Press Conference
O’Reilly — Does Obama Care About the Economy?
Democrats’ Budget Plan – “Blank Check”
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
Republican Party Budget Proposals
S-1 FY2012 Chairman’s Markup (Nominal Dollars in Billions) |
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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
Sen. Toomey Unveils his FY 2012 Budget
Senator Pat Toomey Talks with Michael Medved about his Budget
S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurplus | Debt Held By Public |
2011 | 3,625 | 2,230 | -1,351 | 10,351 |
2012 | 3,477 | 2,538 | -919 | 11,418 |
2013 | 3,485 | 2,964 | -521 | 12,217 |
2014 | 3,509 | 3,216 | -291 | 12,801 |
2015 | 3,623 | 3,391 | -233 | 13,326 |
2016 | 3,765 | 3,524 | -241 | 13,886 |
2017 | 3,853 | 3,736 | -117 | 14,363 |
2018 | 3,955 | 3,916 | -39 | 14,800 |
2019 | 4,140 | 4,108 | -32 | 15,254 |
2020 | 4,302 | 4,325 | 23 | 15,681 |
2021 | 4,493 | 4,566 | 73 | 16,071 |
2012-2021 | 38,602 | 36,304 | -2298 | n.a. |
http://www.scribd.com/doc/55116239/Restoring-Balance-Final
SA@TAC – The GOP, War and the Debt
3/09/11: Sen. Rand Paul on balancing the budget
03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan
S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions) | ||||
Fiscal Year | Outlays | Revenues | DeficitsSurpluses | Debt Held By Public |
2011 | 3,708 | 2,228 | -1,480 | 10,430 |
2012 | 3,100 | 2,547 | -553 | 11,051 |
2013 | 3,152 | 2,755 | -397 | 11,532 |
2014 | 3,227 | 3,088 | -139 | 11,748 |
2015 | 3,360 | 3,244 | -116 | 11,942 |
2016 | 3,430 | 3,349 | 19 | 11,997 |
2012-2016 | 16,269 | 15,083 | -1,188 | n.a. |
http://campaignforliberty.com/materials/RandBudget.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. |
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