Pronk Pops Show 16, February 15, 2011: Conservative Political Action Conference (CPAC) 2011 and President Obama’s Saint Valentine’s Massacre of The American People–Fiscal Year 2012 Budget Buster–Spending $3,729 Billion–Taxes $2,627 Billion–Deficit $1,101 Billion–Dead On Arrival–DOA– 3 Million Tea Party Patriots To March On Washington D.C. On Friday, April 15, 2011 In Protest!–Videos

Posted on February 15, 2011. Filed under: Economics, Government, Government Spending, History, Politics, Radio, Wisdom | Tags: , , , , , , , , |

Pronk Pops Show 16: February 15, 2011

Listen To Pronk  Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 1: Conservative Political Action Conference (CPACC) 2011

Shania Twain – Dance With The One That Brought You
President Reagan’s Remarks at the Conservative Political Action Conference – 3/1/85

Rush Limbaugh Criticizes CPAC/Mitch Daniels for Ignoring Social Issues


Mark Levin – I Don’t Consider CPAC To Be The Conservative Political Action Committee Anymore


Indiana Gov. Mitch Daniels at CPAC on ‘New Red Menace’


CPAC 2011: Mitch Daniel’s Speech (Audio) from White House 2012

Michele Bachmann CPAC Speech pt.1


Michele Bachmann CPAC Speech pt.2


Herman Cain to Obama at CPAC: “U.S. Will Not Become U.S. of Europe on our Watch”


Ann Coulter Speech at CPAC 2011 – Complete Video 2/12/11


Ann Coulter at CPAC 2011 – Question & Answer Session – 2/12/11


Newt Gingrich at CPAC 2011


David Horowitz’s Keynote at CPAC 2011


Rand Paul Speech CPAC 2011


Ron Paul CPAC 2011 Speech


CPAC: Rep. Paul Ryan Speech(1)


CPAC: Rep. Paul Ryan Speech(2)


“Ron Paul Can’t Be Elected!” Donald Trump CPAC Speech

Background Articles and Videos

Reagan; Taxes and Budget Deficit


Don Rickles on Dean Martin Roasts Reagan


Ronald Reagan roasts George Burns


Reagan responds to Obama and his supporters


Related Posts On Pronk Palisades

Michele Bachmann–CPAC 2011 Keynote Address–Videos

Herman Cain CPAC 2011 Speech–Videos

Ann Coulter CPAC 2011 Speech–Videos

Newt Gingrich at CPAC 2011–Videos

David Horowitz’s CPAC 2011 Keynote Speech–Videos

Rand Paul CPAC 2011 Speech–Videos

Ron Paul CPAC 2011 Speech–Videos

Paul Ryan CPAC 2011 Speech–Videos

“Ron Paul Can’t Be Elected!”–Donald Trump CPAC Speech–Another Progressive Outted–Videos

The Tea Party’s Dream Ticket For 2012–Ron Paul/Michele Bachmann–Campaign For Liberty–Videos

Time To End The Federal Reserve System For Failing To Maintain Price Stability or The Purchasing Power of The U.S. Dollar–End The Federal Reserve Banking Cartel For Currency Debasement!–Videos

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

St Valentine’s Day Massacre


Ron Paul on Freedom Watch 02/15/11




Glenn Beck-02/15/11-A




Glenn Beck-02/15/11-B


Glenn Beck-02/15/11-C



Obama, Ryan, Stockman’s Own Words on Budget Proposal


Obama to Submit $3.7 Trillion Budget to Congress


Budget of the United States Government, Fiscal Year 2012


What Does The Federal Budget Freeze Look Like?


U.S. Debt Clock

United States of America

National Debt

At End of Fiscal Year

Date Dollar Amount
09/30/2010 13,561,623,030,891.79
09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06


The National Debt Road


Jack Daniels Explains The Deficit


It’s Simple to Balance The Budget Without Higher Taxes


Ron Paul On Morning Joe


Cuts, Deficit Highlight 2012 Budget Blueprint, But Battles Loom


Stockman Describes Obama Budget Plan as a `Cop Out’


David Stockman Interview – Video


Fiscal Year 2012 Budget of the United States Government


Fox News Sunday Chris Wallace with Rep. Paul Ryan on Obama budget 2012

Paul Ryan’s GOP Response to State of the Union 2011

Rep. Michele Bachmann Delivers Tea Party Response to State of the Union


Libertarian response to State of the Union and Republicans


Political Checklist: President Obama’s Budget a ‘Starting Point’


Budget Fiscal Year 2012 Tables Budget Totals


Summary of Budget Receipts, Outlays and Deficits/Surpluses

(in billions of U.S. dollars)

President Bush

Fiscal Year Tax Receipts Spending Outlays Deficits (-)/Surplus
2005 2,153.611 2,471.957 -318.346
2006 2,406.869 2,655.050 -248.181
2007 2,567.985 2,728.686 -160.701
2008 2,523.991 2,982.544 -458.553







President Obama

Fiscal Year Tax Receipts Spending Outlays Deficits (-)/Surplus
2009 2,104.989 3,517.677 -1,412.688
2010 2,162.724 3,456.213 -1,293.489
2011 estimate 2,173.700 3,818.819 -1,645.119
2012 estimate 2,627.449 3,728.686 -1,101.237








President Obama proposes another unbalanced budget exceeding over $1,101 billion.

In just three years (Fiscal Years 2010-2012) President Obama will run up deficits totalling over $4,000 billion.

This is totally irresponsible and reckless.

President Obama is not a leader, he is a reader.

In order to balance the budget without increasing taxes, the Federal government would need to cut Federal spending outlays by over $1,000 billion.

The tea party movement is demanding spending cuts that would balance the budget in Fiscal Year 2012 and no longer require any increases in the national debt ceiling.

Everything must be on the table including spending on defense and homeland security, welfare programs and entitlements (Social Security, Medicare, Medicaid and Children’s Health Insurance Program (CHIP)).


Entire Federal Departments, agencies and programs need to be shut down permanently to save the two entitlements that are now running deficits–Social Security and Medicare.

The nation and the American people cannot afford Obama Care which must be repealed.

How To Balance the Obama Budget

Milton Friedman on Libertarianism (Part 4 of 4)

At least ten Federal Departments must be closed.

Federal government spending outlays would need to be cut to Fiscal Year 2005 levels of about $2,500 billion.

This represents a $1,200 billion reduction in spending outlays from President Obama’s proposed Fiscal Year 2012.

This also represent a $500 billion reduction from the Republican promise of a budget at Fiscal Year 2008 levels with tax receipts of $2,523 billion, spending outlay of $2,982 billion and a deficit of $458 billion.

In other words the Republicans would need to cut their proposed spending outlays by about $500 billion to balance the budget.

This assumes that estimated tax receipts for Fiscal Year 2012 is about $2,500 billion which currently seems very optimistic given current tax receipt collections.

The time has come to permanently close entire Federal government departments.

For all practical purposes President Obama’s Fiscal Year 2012 budget is dead on arrival.

President Obama is the most fiscally irresponsible President in the history of the United States.

The President said the government must leave within its means.

Obama- Washington Should ‘Live Within Its Means’

Then President Obama proposes yet another unbalanced budget with over $1,100 billion in deficit spending.

This requires more Treasury debt and a raising of the national debt ceiling level.

The President is lying to the American people and should not be believed or trusted.

The President is clearly out of touch with reality and is delusional if he thinks the American people are falling for his lies.

Ben Bernanke is also lying when he says the Federal Reserve is not monetizing the debt to pay the Federal Government spending outlay.

Paul Ryan Questions Bernanke


Ron Paul: Bring the Troops Home, End the Welfare State, Stop Monetizing Debt

Bernanke is debasing the value of the U.S. dollar–a hidden tax on the American people that you pay with higher prices on all goods and services.

Time for the tea party movement to march on Washington D.C. on April 15, 2011 to pressure both Democrats and Republicans to cut spending, balance the budget and replace the Federal income tax with the Fair Tax.

Start the march at the Federal Reserve Building and


then march pass the White House

and then march to the Capital building for a rally.



The goal is a three million person march starting at the Federal Reserve and marching pass White house and then rally at the Capital.

Bring your family, friends and the unemployed.

The political establishment and politicians of both parties either start being financial responsible with balanced budget and the FairTax or they will be thrown out of office in November 2012 elections and their staffs fired.

The FairTax: It’s Time



9/12 Taxpayer Tea Party March on Washington, DC



9-12 Tea Party Protest in Washington DC – STOP out-of-control spending

Background Articles and Videos

The Bush/Obama Years (Dan Mitchell)



Federal deficit on track for a record this fiscal year

Government debt to exceed U.S. economy

“…Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly $2 trillion, to reach $15.476 trillion by Sept. 30, the end of the fiscal year. That would be 102.6 percent of GDP — the first time since World War II that dubious figure has been reached.

And the budget projects the government will run a deficit of $1.645 trillion this year, topping 2009’s previous record by more than $230 billion. By contrast, 2007’s deficit was just $160 billion altogether.

Still, amid the other staggering numbers in the budget Mr. Obama sent to Congress on Monday, the debt stands out because Congress will need to vote to raise the debt limit later this year, and because the numbers are so large.

In one often-cited study, economists Carmen Reinhart and Ken Rogoff have argued that when a nation’s gross debt passes 90 percent it hinders overall economic growth. The government measures debt several ways. Debt held by the public includes the money borrowed from Social Security’s trust fund.

President Obama speaks Monday at Parkville Middle School and Center of Technology in Parkville, Md. At right is Jacob Lew, Office of Management and Budget Director. (Associated Press)

Actual debt held by the public will reach 72 percent of GDP in 2011 and will climb as the Social Security trust fund’s finances continue to deteriorate. …”

Federal Budget Timeline

“…The annual budget process, or appropriations process, mainly concerns approximately one-third of the budget. This one-third of the budget, called the discretionary budget, is what Congress debates and sets the levels for on an annual basis. Examples of discretionary spending include the military and education programs.The other two-thirds of the federal budget is referred to as mandatory spending. These are programs, primarily entitlement programs, which Congress controls by setting out eligibility rules or other payment guidelines. Examples are Food Stamps and Social Security. Thus, the appropriations process is basically automatic. The numbers given in the budget every year are estimates based on the eligibility or payment rules.The annual budget process comprises a series of steps visible to the public:
Step 1: President Submits a Budget Proposal;
Step 2: Congress Passes a Budget Resolution;
Step 3: Congressional Subcommittees ‘Markup’ Appropriation Bills;
Step 4: The House and Senate Vote on Appropriation Bills and Reconcile Differences;
Step 5: The President Signs each Appropriation Bill and the Budget is Enacted.
First Monday in February
President submits the ‘budget request’: The President’s Budget is a proposal for the coming fiscal year which will start on October 1st and run through September 30th of the following year. For example, FY2010 began on October 1, 2009 and ended September 30, 2010.This proposal follows a lengthy preparation process which largely determines the priorities of the budget.Initially, the President and Cabinet decide policy priorities. Based on these priorities, the Office of Management and Budget (OMB), which is part of the Executive Branch, gives guidelines to federal agencies instructing them how to prepare their strategic plans and budgets. The agencies then submit their budget requests and write documents defending their budget requests. These budget documents are also submitted to the appropriations committee of the House and Senate.The OMB evaluates these documents and prepares the budget request (the President’s Budget).
The President’s Budget comes out in five thick volumes including: 

  • Budget of the US Government
  • Analytical Perspectives
  • Historical Tables
  • Appendix
  • Budget Systems and Concepts

The President’s Budget can be viewed on-line and downloaded from the Office of Management and Budget (OMB), purchased through the Government Printing Office, and many libraries obtain copies.

The House and Senate pass a budget resolution: After the President submits his budget, the House and Senate traditionally prepare budget resolutions. A ‘budget resolution’ is a framework for making budget decisions about spending and taxes. It does not set binding spending amounts for particular programs. After the two chambers pass their budget resolutions, a joint conference is formed to reconcile the two versions which is then voted on by each chamber.
Late Spring-Early Fall
The House and Senate subcommittees ‘markup’ appropriation bills: Based on the budget resolution, the Appropriation Committee of each chamber sets allocations for each of its subcommittees (12 in the House and 12 in the Senate)Each committee takes the budget requests and justifications submitted by agencies, conducts hearings and does follow-ups with agencies to obtain answers to questions about the agency requests. Based on all of this information, each committee writes a first draft of its appropriation bill. This is called the ‘chairman’s mark’. The committee then votes on its bill and after passage, it moves back to the appropriations committee. The appropriations committee reviews and sends it to the floor for a vote, attaching any special riders that it deems necessary.To find out the status and membership of each subcommittee, go to the Senate Appropriations Committee, and the House Appropriations Committee.Alongside the process of appropriations, there may be one or more pieces of tax or other legislation affecting federal revenues.
Summer-Early Fall (in practice, through December)
Floor Votes: The individual appropriation bills are debated and voted on by their respective chambers. After both versions of a particular appropriation bill are passed in their respective chambers, a conference committee is set up to resolve differences between the House and Senate versions. The House and Senate both vote on a conference report for each bill. Each one is then signed by the President.You can always obtain the Status of Appropriation Bills. For more information on the legislative process, go to Thomas, which has extensive legislative information on the internet.
October 1st
Budget is Enacted: The President must sign each appropriation bill after it has passed Congress. When he has signed all of the bills, the budget is enacted. However, the process is not normally finished by October 1st. In FY 2011, for example, Congress will likely not complete the budget process until December of this year.If the budget is not enacted by October 1st, Congress must pass “continuing resolutions” in order for the government to continue its functions. These resolutions simply continue funding for agencies and programs at current levels until the budget for the fiscal year is enacted.
October 11th
The Government Accountability Office should begin overseeing how the money is spent.




Policy Basics: Where Do Our Federal Tax Dollars Go?

Related Posts On Pronk Palisades

Ron Paul Wins CPAC 2011 Presidential Preference Straw Poll and Is Excluded From Fox News Poll–The Republican Establishment Must Be Running Scared–Videos


Glenn Beck-02/15/11-B


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