Archive for April, 2011

Pronk Pops Shows 1-25–Podcasts or Download–Give It A Listen!

Posted on April 29, 2011. Filed under: American History, Budgetary Policy, Business, Climate Change, College, Crime, Culture, Economics, Education, European History, Federal Government, Fiscal Policy, Government, Government Spending, History, Labor Economics, Monetary Policy, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Radio, Sports, Tax Policy, Unions, Videos, Violence, War, Wisdom | Tags: , , , , , , , , , , , , , , , , |

Give It A listen!

 

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-25

 

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

 

Listen To Pronk Pops Podcast or Download Shows 10-15 

 

Listen To Pronk Pops Podcast or Download Shows 1-9

 

 

Pronk Pops Show 25

April 27, 2011 11:28 AM PDT

Pronk Pops Show 25, April 26, 2011

Segment 0: Eva Cassidy–A Singer’s Singer

Segment 1: Ron Paul Is Running For President of The United States In 2012!–The Third Time Is The Charm–A Man Of Integrity–A Candidate For Peace and Prosperity–Neither A Big Government Warfare Republican Nor A Massive Government Welfare Democrat–A Man Of And For The American People–A Tea Party Patriot–Ron Paul–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/26/pronk-pops-show-25-april-26-2011-segment-0-eva-cassidy-a-singers-singer-segment-1-ron-paul-is-running-for-president-of-the-united-states-in-2012%E2%80%93the-third-time-is-the-charm%E2%80%93a/?preview=true&preview_id=808&preview_nonce=d3d9842e9a

Segment 3: President Obama Is The Reason Your Gasoline Prices Are Going Up!–American People Favor Drilling For Oil and Gas!–Drill Baby Drill–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/26/pronk-pops-show-25-april-26-2011-segment-3-president-obama-is-the-reason-your-gasoline-prices-are-going-up-american-people-favor-drilling-for-oil-and-gas-drill-baby-drill-videos/

Pronk Pops Show 24

April 20, 2011 12:47 PM PDT

Pronk Pops Show 24: April 19, 2011

Segment 0: S&P Rating Outlook Changed From “Stable” To “Negative” For U.S. Treasury Debt–Videos

Segment 1: Who is John Galt? Who is Ayn Rand–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/17/pronk-pops-show-24-april-19-2011-segment-1-who-is-john-galt-who-is-ayn-rand-videos/

Segment 2: President Obama’s Fiscal Year 2012 Budget Speech Of April 13, 2011–Eat The Rich And Killing The American Dream Class Warfare–Cuts National Security Spending and Raise Taxes On The Rich–Produces Massive Deficits, National Debt, and Higher Unemployment For 12 More Years–Progressive Radical Socialist Economic Stagflation–Videos

For additional information and videos:
https://pronkpops.wordpress.com/2011/04/18/pronk-pops-show-24-april-18-2011-segment-2-president-obamas-fiscal-year-2012-budget-speech-of-april-13-2011-eat-the-rich-and-killing-the-american-dream-class-warfare-cuts-national-security-sp/

Segment 3: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/18/pronk-pops-show-24-april-19-2011-segment-3-the-fairtax-national-consumption-sales-tax-vs-the-flat-tax-one-rate-federal-income-tax-who-pays-the-most-federal-individual-income-tax-videos/

Pronk Pops Show 23

April 13, 2011 10:31 AM PDT

Pronk Pops Show 23: April 12, 2011

Segment 0: Sidney Lumet–Rest In Peace–Videos

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

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/11/tea-party-movement-demands-passage-of-balance-budget-amendment-and-balanced-budget-rule-as-the-price-for-raising-the-national-debt-ceiling-one-last-time-by-1000000000000-videos/?preview=true&preview_id=701&preview_nonce=5e679dbc1d

Segment 2: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/04/11/pronk-pops-show-23-april-12-2011-segment-2the-fairtax-national-consumption-sales-tax-vs-the-flat-tax-one-rate-federal-income-tax-who-pays-the-most-federal-individual-income-tax-videos/

Pronk Pops Show 22 (Part 2)

April 08, 2011 11:16 AM PDT

Pronk Pops Show 22, April 7, 2011

Segment 1: 3,500,000 Million Americans Unemployed in March 2011 Still Exceeds Great Depression High of 13,000,000 In March 1933–The Obama Depressions Continues–Bureau of Labor Statistics: 8.8% Official Unemployment Rate (U-3) vs. Gallup Unemployment Rate of 10.0%–Nonfarm Payroll Increased By 216,000–The Government Makes The Depression Worse!–Videos

Segment 2: Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

For additional information and videos on the above segments:

https://pronkpops.wordpress.com/2011/04/04/pronk-pops-show-22-april-5-2011-segment-113500000-million-americans-unemployed-in-march-2011-still-exceeds-great-depression-high-of-13000000-in-march-1933%E2%80%93the-obama-depressions-contin/

Pronk Pops Show 22 (Part 1)

April 07, 2011 10:41 AM PDT

Pronk Pops: Show 22, April 7, 2011

Segment 0: Glenn Beck Ending His Show At Fox News

Segment 1: 3,500,000 Million Americans Unemployed in March 2011 Still Exceeds Great Depression High of 13,000,000 In March 1933–The Obama Depressions Continues–Bureau of Labor Statistics: 8.8% Official Unemployment Rate (U-3) vs. Gallup Unemployment Rate of 10.0%–Nonfarm Payroll Increased By 216,000–The Government Makes The Depression Worse!–Videos

Segment 2: Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

For additional information and videos on the above segments:

https://pronkpops.wordpress.com/2011/04/04/pronk-pops-show-22-april-5-2011-segment-113500000-million-americans-unemployed-in-march-2011-still-exceeds-great-depression-high-of-13000000-in-march-1933%E2%80%93the-obama-depressions-contin/

Pronk Pops Show 21

March 29, 2011 03:41 PM PDT

Pronk Pops Show 21, March 29, 2010

Segment 1: The Truth And Consequences About Undeclared Wars–Real Strange Bedfellows–Obama Allies U.S. with Libyan Rebels Including Islamic Jihadists, Moslem Brotherhood, and Al-Qaeda!–Give Peace A Chance–AC-130 Gunship–A-10 Warthogs–F-15E Strike Eagles and Special Operation Smash Squads

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/03/29/pronk-pops-show-21-march-29-2011-the-truth-and-consequences-about-undeclared-wars%E2%80%93real-strange-bedfellows%E2%80%93obama-allies-u-s-with-libyan-rebels-including-islamic-jihadists-moslem-b/

Pronk Pops Show 20

March 23, 2011 12:02 PM PDT

Pronk Pops Show 20: March 22, 2011

Segment 1:F-15 Crashes In Libya

Segment 2surprisedne Unconstitutional and Undeclared War Too Many: The Great Pretender, Peace Candidate And Noble Peace Prize Winner, President Barack Obama Undeclared War On Libya’s Muammar Ghaddafi In Defense Of Libyian Islamic Fighting Group (LIFG) Rebels Linked To al-Qaeda and The BP Libyian Oil Deal Linked To Obama Campaign Contributions–A Political Payoff!–Obama Has To Go In 2012–Videos

Segment 3:Earthquake Damages Japanese Nuclear Plant At Fukushima Daiichi, Four Explosions and Four Nuclear Reactors Flooded With Seawater To Contain Release Of Radioactive Material and Plant Released Radioactive Materials To Stop Pressure Buildup–Partial Meltdown Of Nuclear Core Feared–Radioactive Material Escaping From Plant–Over 250,000 Ordered Evacuated From 20 Kilometer (12.4 Miles) Radius From Plant–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/03/22/pronk-pops-show-20-march-22-2011-segment-1-f-15-crashes-in-libya-segment-2-videos/?preview=true&preview_id=569&preview_nonce=40500c814b

Pronk Pops Show 19

March 09, 2011 10:57 AM PST

Pronk Pops Show 19: March 8, 2011

Segment 1: The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

Segment 2, Gallup–U.S. Unemployment Hits 10.3% In February 2011 Vs. Bureau of Labor Statistics (BLS) U.S. Unemployment Rate Declined By .1% To 8.9% in February 2011 With Job Creation of 192,000 In February 2011–Over 13.7 Million Americans Unemployed More Than Worse Month of Great Depression!

For more information and videos related to this show click on links below:

https://pronkpops.wordpress.com/2011/03/08/pronk-pops-show-19-march-8-2011segment-1-the-washington-political-elites-of-both-parties-are-not-serious-about-balancing-the-federal-budget-and-funding-entitlement-liabilities-send-in-the-clowns/

https://pronkpops.wordpress.com/2011/03/08/pronk-pops-show-19-march-8-2010-segment-2-gallup-u-s-unemployment-hits-10-3-in-february-2011-vs-bureau-of-labor-statistics-bls-u-s-unemployment-rate-declined-by-1-to-8-9-in-february-2011-wi/

Pronk Pops Show 18

March 03, 2011 03:35 PM PST

Pronk Pops Show 18: March 3, 2011

Segment 1: Remembering The Brooklyn Dodgers and Duke Snider

Segment 2: The National Debt Will Hit $20,000,000,000,000 By 2020!

Segment 3 Public Sector Unions vs. The America People: Replacing The American Dream With The Socialist Union Nightmare

For additional information and videos on the above segments:

https://pronkpops.wordpress.com/2011/03/01/pronk-pops-show-18-march-1-2011-remembering-the-brooklyn-dodgers-and-duke-snider-the-union-corruption-of-government-delusion-of-the-unconstrained-vision-of-unlimited-government-and-the-2000000/

Pronk Pop Show 17

February 22, 2011 03:47 PM PST

Pronk Pops Show 17: February 22, 2011

Black History Month–Progressives–Eugenics–Black Population Control–Abortion–Black Genocide–Planned Parenthood–Barack Obama

For more information and videos relating to the show:

https://pronkpops.wordpress.com/2011/02/22/pronk-pops-show-17-february-22-2011-black-history-month-progressives-eugenics-black-population-control-abortion-black-genocide-planned-parenthood-barack-obama-videos/

Pronk Pops Show 16

February 15, 2011 03:49 PM PST

Pronk Pops Show 16: February 15, 2011

Conservative Political Action Conference 2011

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!

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/15/pronk-pops-show-16-february-15-2011-conservative-political-action-conference-cpac-2011-and-president-obamas-saint-valentines-massacre-of-the-american-people-fiscal-year-2012-budget-buster-s/

Pronk Pops Show 15: Hour 3

February 10, 2011 03:32 PM PST

Pronk Pops Show 15:February 8,2011, Hour 3

Lies, Damn Lies, Statistics, and Obama’s Unbelievable Unemployment Numbers

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa-2/

Pronk Pops Show 15: Hour 2

February 10, 2011 03:23 PM PST

Pronk Pops Show 15: February 8, 2011 Hour 2

Rolling Power Outages in Texas

Obama Care Declared Unconstitutional and Void By Federal Judge

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa/

Pronk Pops Show 15: Hour 1

February 10, 2011 03:10 PM PST

Pronk Pops Show 15: February 8,2011, Hour 1

Super Storm and Super Bowl In Dallas, Texas

Man-Made Carbon Dioxide Emission and Global Warming–Science vs. Politics

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/02/08/pronk-pops-show-15-february-8-2011-from-texas-snow-storm-to-washington-snow-job-lies-damn-lies-statistics-and-obamas-unbelievable-unemployment-numbers-obama-care-unconstitutional-and-void-pa/

Pronk Pops Show 14

January 28, 2011 02:10 PM PST

Pronk Pops Show 14: January 27, 2011

The Big Lie and Free Speech

President Obama’s State of the Union Campaign Speech

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2011/01/27/pronk-pops-show-14-january-27-2011-the-big-lie-and-free-speech-and-president-obamas-state-of-the-union-campaign-speech-videos/

Pronk Pops Show 13

December 09, 2010 01:22 PM PST

Pronk Pops Show 13: December 9, 2010

Latest News Update on WikiLeaks

Federal Reserve Unconventional Monetary Policy

President Obama and Republicans Agree To Two Year Tax Rate Extension and

One Year Unemployment Benefit Extension–More Deficit Spending and Debt!

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/12/09/pronk-pops-show-december-9-2010-president-obama-and-republican-cut-tax-and-spend-deal-time-for-serious-spending-cuts-balance-budgets-and-the-flat-tax/

Pronk Pops Show 12

December 08, 2010 04:18 PM PST

Pronk Pops Show 12: December 8, 2010

News Update On WikiLeaks and Julian Assange

The Chairman of The Federal Reserve and Quantitative Easing 2

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/12/08/pronk-pops-show-12-december-8-2010-news-update-on-julian-assange-wikileaks-ben-benanke-the-fed-barack-obama-tax-and-spend-democrats-videos/

Pronk Pops Show 11

December 03, 2010 02:18 PM PST

Pronk Pops Show 11: December 3, 2010

News and Commentary On November 2010 Unemployment Rate and Level Statistics

WikiLeaks

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/12/03/pronk-pops-show-11-december-3-2010-news-unemployment-rate-up-to-9-8-with-over-15-million-unemployed-wikileaks-food-prices-rising-the-fairtax-videos-2/?preview=true&preview_id=245&preview_nonce=e49c7ff2d2

Pronk Pops Show 10

December 02, 2010 12:35 PM PST

Pronk Pops Show 10: December 1, 2010

Update on new TSA Airport Screening Procedures

Portland, Oregon Terrorist Bomber Arrested by F.B.I.

WikiLeaks Posts Department of State Cables

For more information and videos related to this show click on link below:
https://pronkpops.wordpress.com/2010/11/24/pronk-pops-show-10-november-24-2010-food-prices-rising-fairtax-updates-on-tsa-and-quantitative-easing-money-printing-videos/

Pronk Pops Show 9

November 19, 2010 02:23 PM PST

Pronk Pops Show 9: November 19, 2010

Federal Reserve Chairman Bernanke Responds To Critics of Monetary Policy

Transportation Security Administration or TSA New Screening Procedures:
Full Body Scanners and Extended Pat-Downs

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/11/15/pronk-pops-show-9-november-17-2010-quantitative-easing-2-update-g-20-summit-a-bust-tsa-tyrants-scanning-americans-videos/

Pronk Pops Commentary 1

November 11, 2010 03:42 PM PST

Pronk Pops Commentary 1: November 11, 2010

Stop Federal Reserve Quantitative Easing or Money Printing

Pronk Pops Show 8

November 10, 2010 04:24 PM PST

Pronk Pops Show 8: November 10, 2010

Tea Party Major Issues: Jobs, Spending, Deficits, Debt, Taxes, Health Care and Illegal Immigration

Tea Party Stars: Senators: Rand Paul and Marco Rubio

Republican Tea Party Test: Cutting Federal Spending By Over $1,000 Billion To Balance The Budget For Fiscal Years 2011, 2012, and 2013.

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/11/10/pronk-pops-show-8-november-10-2010-fiscal-policy-cut-spending-balanced-budgets-no-new-taxes-monetary-policy-no-quantitative-easing-or-printing-money-hidden-tax-videos/

Pronk Pops Show 7

November 09, 2010 02:45 PM PST

Pronk Pops Show 7: November 9, 2010

Unemployment News

Tea Party Effect On 2010 Elections

Key Issues: Federal Budget Deficits and National Debt

Cutting Federal Government Spending and Balancing The Federal Budget

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/11/05/pronk-pops-show-7-november-8-2010-the-tea-party-effect-what-is-next-and-update-on-feds-qe2/

Pronk Pops Show 6

November 03, 2010 03:58 PM PDT

Pronk Pops Show 6: November 3, 2010

Winning Elections With MOMMA (Money, Organization, Message, Momentum, Ambition) and The Tea Party Movement Effect

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/11/03/pronk-pops-show-6-november-3-2010-winning-elections-with-momma-money-organization-message-momentum-ambition-and-the-tea-party-movement-effect-videos/

Pronk Pops Show 5

October 28, 2010 03:49 PM PDT

Pronk Pops Show 5: October 27, 2010

Democratic Party’s National Attack Ad Campaign on Candidates and the Flat Tax

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/10/28/pronk-pops-show-5-october-27-2010-democratic-party-national-attack-ad-campaign-on-fairtax-videos/

Pronk Pops Show 4

October 28, 2010 03:43 PM PDT

Pronk Pops Show 4: October 20, 2010

Money, Quantitative Easing and Inflation in the United States Economy

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/10/20/pronk-pops-number-4-videosquantitive-easying-ii-printing-money-to-finance-federal-govenment/

Pronk Pops Show 3

October 28, 2010 03:32 PM PDT

Pronk Pops Show 3: October 14, 2010

Unemployment and inflation in the United States economy

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/10/28/pronk-pops-show-3-october-14-2010unemployment-and-inflation/

Pronk Pops Show 2

October 28, 2010 03:27 PM PDT

Pronk Pops Show 2: October 13, 2010

The 10:10 carbon emission ad campaign on climate change

http://www.youtube.com/watch?v=wliC2Eiwoyw

http://www.1010global.org/uk

Secretary of State Hillary Clinton replacing Vice President Joseph Biden on the 2010 Democratic Party ticket

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/10/05/pronk-pops-number-2-october-6-2010-1010-campaign-the-progressive-radical-socialists-method-of-cutting-carbon-emissions-kill-those-who-disagree-with-you-no-pressure-your-choice-the-big-lie-v/

Pronk Pops Show 1

October 28, 2010 03:01 PM PDT

Pronk Pops Show 1: September 29, 2010

University of Texas at Austin shooting/suicide

The Tea Party Movement in the United States

For more information and videos related to this show click on link below:

https://pronkpops.wordpress.com/2010/09/29/pronk-pops-program-number-1-september-29-2010-clips-and-notes-videos/

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-25

 

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

 

Listen To Pronk Pops Podcast or Download Shows 10-15

 

Listen To Pronk Pops Podcast or Download Shows 1-9

 

 

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

Pronk Pops Show 25: April 26, 2011, Segment 3: President Obama Is The Reason Your Gasoline Prices Are Going Up!–American People Favor Drilling For Oil and Gas!–Drill Baby Drill–Videos

Posted on April 26, 2011. Filed under: American History, Budgetary Policy, Business, Climate Change, Economics, Education, Federal Government, Fiscal Policy, Government, Government Spending, History, Monetary Policy, Politics, Tax Policy, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Pronk Pops Show 25: April 26, 2011

Pronk Pops Show 24: April 19, 2011

Pronk Pops Show 23: April 12, 2011

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

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

 

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-25

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 3: President Obama Is The Reason Your Gasoline Prices Are Going Up!–American People Favor Drilling For Oil and Gas!–Drill Baby Drill–Videos

END FED: Oil Prices Rise Due To

1) Oil Comanies Can’t Drill

2) Fed Money Printing

3) Wars & Instability

Obama Wants Gas Prices to Hit European Levels

Energy Problems are Obama Delivering on Campaign Promise

EPA Blocks Oil Drilling in Alaska – 4/25/2011

Obama New Task Force Will Examine Gas Prices

Bernard Whitman on Fox News Applauds Obama’s Decision to Investigate Oil Price Gouging, 4.22.11

Playing the oil prices money game

Courtney calls on CFTC to issue rules limiting the role of oil speculators

Michael Greenberger Talks Speculation In Commodity Markets

Mike Masters on Regulating Commodities Speculation

Glenn Beck: The Federal Reserve Is Looting America… Oil Isn’t Rising, The Dollar Is Dropping

END FED Inflation Created By Gov Buying Bonds; QE2 ‘Wealth Effect’; Companies Game System; QE3

Peter Schiff on CNBC Fast Money 4/25/11: Unstoppable Silver

Peter Schiff On Silver and Inflation Lock In Your Food At Today’s Price Try It For Free Below!

CNN/Opinion Research Corporation: “69 percent of Americans favor increased offshore drilling”

WASHINGTON – Earlier today, a new CNN/Opinion Research Corporation poll was released, further underscoring the fact that an overwhelmingly clear majority of Americans support the responsible development of homegrown oil and natural gas offshore. According to the poll, “69 percent of Americans favor increased offshore drilling.” According to CNN’s polling director, Keating Holland, “Although support for increased drilling in U.S. waters is highest among Republicans, a majority of Democrats also favor it.”

Barry Russell, president and CEO of the Independent Petroleum Association of America (IPAA), issued this statement regarding these findings:

“America’s independent oil and natural gas producers play a leading role in responsibly producing the homegrown energy resources critical to meet the nation’s growing demands. In fact, according to a recent report, independents drill 95 percent of America’s onshore and offshore wells. Equally clear, as confirmed by this new survey, is the American people’s support for the responsible development of job-creating offshore energy exploration and production.

“Our economy is struggling, and many remain out of work along the Gulf Coast as a result of misguided Washington policies that continue to discourage access to reliable oil and natural gas supplies offshore. And with gas prices on the rise, hampering our economic recovering and stretching family budgets to the brink, the Obama Administration and leaders in Congress must act boldly and swiftly to streamline access to taxpayer-owned oil and natural gas resources offshore. Shirking this critical responsibly will only further weaken our nation’s energy security. The American people have spoken clearly. Inaction is not an option.”

http://www.ipaa.org/news/press_releases/2011/2011-04-19_139.php

 

Obama Wants US to Help Brazil Develop Oil Reserves

Obama’s $2B Payback to Soros: Drill in Brazil

Glenn Beck: Is Obama a George Soros Puppet?

 

Glenn Beck-Soros Petrobras & Obama giving 2 billion to him

Vitter Criticizes Obama’s Support for Brazil Oil Exploration

Gulf Oil Industry in Recovery

 

Year After Oil Spill, Obama Energy Policy Endangers Economy

Vitter Fights Moratorium as Gulf Coast Economy Struggles to Recover from Drilling Shutdown (WWL-TV)

Federal Judge Martin Feldman Rules Against Obama Oil Drilling Ban !!!

 

Myron Ebell on the Offshore Drilling Moratorium

Interior Secretary Ken Salazar seeks to reimpose drilling moratorium

Pence Discusses Need to End Offshore Drilling Moratorium

Drilling Moratorium May Imperil Louisiana’s Oil Industry

Obama Lifts Ban on Offshore Drilling

Obama Lift’s Moratorium on Offshore Drilling Part 1 – 4-01-2010 Democracy NOW!

Obama Lift’s Moratorium on Offshore Drilling Part 2 – 4-01-2010 Democracy NOW!

 

Obama Says NO Drilling In ANWR As It Could Be A Problem

Gov. Palin on Drilling in the ANWR

Shell Arctic Exploration Program: The Next Chapter in Alaska’s Oil and Gas History

Background Articles and Videos

 

Oil Price History and Analysis

http://www.wtrg.com/prices.htm

Obama doesn’t believe in offshore drilling

Barack Obama on Offshore Oil Drilling

Related Posts On Pronk Palisades

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

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

Pronk Pops Show 25: April 26, 2011, Segment 0: Eva Cassidy–A Singer’s Singer; Segment 1: Ron Paul Is Running For President of The United States In 2012!–The Third Time Is The Charm–A Man Of Integrity–A Candidate For Peace and Prosperity–Neither A Big Government Warfare Republican Nor A Massive Government Welfare Democratic–A Man Of And For The American People–A Tea Party Patriot–Ron Paul–Videos

Posted on April 26, 2011. Filed under: American History, Budgetary Policy, Business, Climate Change, Culture, Economics, Education, European History, Federal Government, Fiscal Policy, Government, Government Spending, History, Monetary Policy, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Radio, Tax Policy, Unions, Videos, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

Pronk Pops Show 25: April 26, 2011

Pronk Pops Show 24: April 19, 2011

Pronk Pops Show 23: April 12, 2011

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

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

 

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-25

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

 

 

Segment 0: Eva Cassidy–A Singer’s Singer

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

~Edgar Allan Poe

American Tune – (Eva Cassidy)

Eva Cassidy – Autumn Leaves

 

Eva Cassidy – Somewhere Over the Rainbow


Tennessee Waltz by Eva Cassidy

 

Eva Cassidy – What a Wonderful World

Silent Night by Eva Cassidy

Background Articles and Videos

 

The Eva Cassidy Story – on ABC Nightline

 

Eva Cassidy Story-Trevor McDonald Pt.1

Eva Cassidy Story-Trevor McDonald Pt 2

Eva Cassidy Story-Trevor McDonald Pt 3

Related Posts On Pronk Palisades

Eva Cassidy–Videos

Segment 1: Ron Paul Is Running For President of The United States In 2012!–The Third Time Is The Charm–A Man Of Integrity–A Candidate For Peace and Prosperity–Neither A Big Government Warfare Republican Nor A Massive Government Welfare Democrat–A Man Of And For The American People–A Tea Party Patriot–Ron Paul–Videos

“Over grown military establishments are under any form of government inauspicious to liberty, and are to be regarded as particularly hostile to republican liberty.”

‘Tis our true policy to steer clear of permanent Alliances, with any portion of the foreign world.”

~George Washington

Four Years Ago

Ron Paul Releases Presidential Exploratory Committee

Barry Goldwater, Jr. Endorses Ron Paul

Ron Paul: A New Hope

Now

Ron Paul Why I Want To Be President

Ron Paul for President

Ron Paul 2012: “Freedom Is Popular” – 6 Year Old Homeschooler Knows What Liberty Means

Ron Paul To Form Presidential Exploratory Committee

Ron Paul interviewed by Stephen Colbert 4/25/2011


Ron Paul to Announce 2012 Bid

Ron Paul on The View 04/25/11

American’s Takeoff To Peace And Prosperity vs. America’s Road To Serfdom

Ron Paul vs. Barack Obama for President – Rasmussen Poll 1% Difference

CNN Downplays Ron Paul’s Electability… This Is So 2008

Thomas Woods interviews Ron Paul on Peter Schiff Show 4/20/11

 

My political philosophy is classical liberalism.

In America a classical liberal is commonly identified as a libertarian and occasionally a conservative.

Classical liberals or libertarians favor a government that is limited in both size and scope and takes the form of a constitutional republic.

I became a classical liberal when Senator Barry Goldwater ran for President in 1964 when I read his book, the Conscience of A Conservative.

Mr. Conservative: Goldwater On Goldwater

 

Barry Goldwater, A True Conservative

The Conscience Of A Conservative

Freedom is the Only Solution

Ever since I have considered myself a member of the conservative movement and a traditional libertarian.

Today I am an independent and support the tea party movement and their candidates for public office.

Senator Barry Goldwater lost to President Lyndon B. Johnson in 1964 for the office of President of The United States.

President Johnson was largely responsible for America’s war in Vietnam, the war on poverty and socialized medicine, namely Medicare.

The Democrats lost both the war in Vietnam and the war on poverty.

Socialized medicine in the form of Medicare while still popular is running massive deficits that will only become larger as the first of the baby boom generation turn age 65  in 2011 and becomes eligible for Medicare.

Today Medicare is actually costing more than ten times the estimated cost when it was originally passed in 1965.

Social Security, Medicare and Medicaid must be reformed and controlled and owned by the individual and not by the Federal Government.

Otherwise Social Security, Medicare and Medicaid will become insolvent and the promises made to the American people broken.

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

The Real Fiscal Cancer that will Bankrupt the United States

I.O.U.S.A. Bonus Reel: A $53 Trillion Federal Financial Hole

 

Baby boomers and Medicare spell rationing


Barry Goldwater and Ronald Reagan opposed socialized medicine and warned of its cost in 1964.

Ronald Reagan Speaks Out Against Socialized Medicine

The Very Best of Ronald Reagan

The only Presidential candidate that I trust to do the right thing in addressing the above issues is Ron Paul.

The only Presidential candidate that has consistently supported a constitutional republic is Ron Paul.

The only Presidential candidate that has consistently voted for limited government in both size and scope is Ron Paul.

The only Presidential candidate that has consistently opposed government interventionism in the economy at home and nation building abroad is Ron Paul.

If you want to return the United States of America to a peace and prosperity economy with a constitutional republic, support and vote for Ron Paul.

If you want the continuation of the United States of America’s warfare and welfare economy with a collectivist tyrannical state, you will have many choices from both the Democratic and Republican parties.

I plan to support and vote for Ron Paul in 2012.

I hope and pray he gets the Republican nomination as their candidate for President of the United States of America.

I hope and pray that Ron Paul and the Republican Party choose Michele Backmann as his running mate for Vice-President of the United States.

Ron Paul / Michele Bachmann Student Town Hall @ UofMN – Sponsored by YAL – 2 of 9

The third time is the charm.

Obama and Congress to Murder More American Soldiers and Tax You for the Wars

Message for Democrats and Republicans from the Late Senator Barry Goldwater

Government is Oppression

Barry Goldwater Jr. Introduces Ron Paul

Join the second American Revolution and campaign for liberty.

“Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master.”
“The Constitution is the guide which I never will abandon”

~George Washington

 

Background Articles and Videos

Ron Paul : The Drug War Has Killed More People Than The Drugs! (Part 1/6)

Ron Paul : The Drug War Has Killed More People Than The Drugs! (Part 2/6)

 

Ron Paul : The Drug War Has Killed More People Than The Drugs! (Part 3/6)

Ron Paul : The Drug War Has Killed More People Than The Drugs! (Part 4/6)

Ron Paul : The Drug War Has Killed More People Than The Drugs! (Part 5/6)

Ron Paul : The Drug War Has Killed More People Than The Drugs! (Part 6/6)

 

Ron Paul Will Rock You

Money Bomb May 5, 2011

 

Ron Paul Launches Presidential Campaign

“…Rep. Ron Paul, R-Texas, whose outspoken libertarian views and folksy style made him a cult hero during two previous presidential campaigns, will announce on Tuesday that he’s going to try a third time.

Sources close to Paul, who is in his 12th term in the House, said he will unveil an exploratory presidential committee, a key step in gearing up for a White House race. He will also unveil the campaign’s leadership team in Iowa, where the first votes of the presidential election will be cast in caucuses next year.

Paul, 75, ran as the Libertarian Party candidate in 1988, finishing with less than one half a percent of the vote. After more than a decade as a Republican congressman, Paul gave it another shot in the 2008 presidential election, gaining attention for being the only Republican candidate calling for the end to the war in Iraq and for his “money bomb” fundraising strategy, which brought in millions of dollars from online donors in single-day pushes.

Paul took 10 percent of the vote in the Iowa caucuses and 8 percent in New Hampshire’s primary. He finished second, with 14 percent of the vote, in the Nevada caucuses, and eventually finished fourth in the Republican nominating process with 5.6 percent of the total vote. Paul’s campaign book, The Revolution: A Manifesto also reached No. 1 on The New York Times best-seller list in 2008. …”

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

2012 Presidential bid: Third time could be the charm for Ron Paul

“…Republican Congressman Ron Paul is expected to announce the formation of a presidential exploratory committee on Tuesday, a key step in any bid for the White House and a third attempt for the White House from the congressman.

They say the third time is the charm, and one likely does not need to tell that to Republican congressman Ron Paul. However, on Tuesday Mr. Paul intends to announce the formation of his presidential exploratory committee, according to a National Journalreport.

Congressman Paul, active in his twelfth term as a House legislator and known for his decidedly Libertarian views, will make a third run for the White House in what appears to be shaping up to be a considerably crowded Republican presidential contest.

“Paul, 75, ran as the Libertarian Party candidate in 1988, finishing with less than one half a percent of the vote,” Cameron Joseph reported for the National Journal. “After more than a decade as a Republican congressman, Paul gave it another shot in the 2008 presidential election, gaining attention for being the only Republican candidate calling for the end to the war in Iraq and for his ‘money bomb’ fundraising strategy, which brought in millions of dollars from online donors in single-day pushes.”

Mr. Paul has been an influential voice for a new generation of Republicans in Congress, and many of his positions have been attributed to Tea Party sentiments that have managed to make their way into mainstream Republican discourse and have posed a considerable challenge to the Obama administration and the remaining Democratic majority in the Senate following the 2010 mid-term elections this past November.

Read more: http://www.digitaljournal.com/article/305997#ixzz1KdjFuwyy

Medicare

“…Medicare is a social insurance program administered by the United States government, providing health insurance coverage to people who are aged 65 and over, or who meet other special criteria. Medicare operates similarly to a single-payer health care system.[1]

The program also funds residency training programs for the vast majority of physicians in the United States.

The Social Security Act of 1965 was signed into law on July 30, 1965, by President Lyndon B. Johnson as amendments to existing Social Security legislation. At the bill-signing ceremony, Johnson enrolled former President Harry S. Truman as the first Medicare beneficiary and presented him with the first Medicare card, and Truman’s wife Bess, the second.[2] …”

“…Costs and funding challenges

The costs of Medicare doubled every four years between 1966 and 1980.[47] According to the 2004 “Green Book” of the House Ways and Means Committee, Medicare expenditures from the American government were $256.8 billion in fiscal year 2002. Beneficiary premiums are highly subsidized, and net outlays for the program, accounting for the premiums paid by subscribers, were $230.9 billion.

Medicare spending is growing steadily in both absolute terms and as a percentage of the federal budget. Total Medicare spending reached $440 billion for fiscal year 2007 or 16% of all federal spending and grew to $599 billion in 2008 which was 20% of federal spending.[48] The only larger categories of federal spending are Social Security and defense. Given the current pattern of spending growth, maintaining Medicare’s financing over the long-term may well require significant changes.[49]

According to the 2008 report by the board of trustees for Medicare and Social Security, Medicare will spend more than it brings in from taxes this year (2008). The Medicare hospital insurance trust fund will become insolvent by 2019.[49][50][51][52] Shortly after the release of the report, the Chief Actuary testified that the insolvency of the system could be pushed back by 18 months if Medicare Advantage plans that provide more health care services than traditional Medicare and pass savings onto beneficiaries were paid at the same rate as the traditional fee-for-service program. He also testified that the 10-year cost of Medicare drug benefit is 37% lower than originally projected in 2003, and 17% percent lower than last year’s projections.[53] The New York Times wrote in January 2009 that Social Security and Medicare “have proved almost sacrosanct in political terms, even as they threaten to grow so large as to be unsustainable in the long run.”[54]

Spending on Medicare and Medicaid is projected to grow dramatically in coming decades. While the same demographic trends that affect Social Security also affect Medicare, rapidly rising medical prices appear a more important cause of projected spending increases. The Congressional Budget Office (CBO) has indicated that: “Future growth in spending per beneficiary for Medicare and Medicaid—the federal government’s major health care programs—will be the most important determinant of long-term trends in federal spending. Changing those programs in ways that reduce the growth of costs—which will be difficult, in part because of the complexity of health policy choices—is ultimately the nation’s central long-term challenge in setting federal fiscal policy.” Further, the CBO also projects that “total federal Medicare and Medicaid outlays will rise from 4 percent of GDP in 2007 to 12 percent in 2050 and 19 percent in 2082—which, as a share of the economy, is roughly equivalent to the total amount that the federal government spends today. The bulk of that projected increase in health care spending reflects higher costs per beneficiary rather than an increase in the number of beneficiaries associated with an aging population.”[55]

…”

http://en.wikipedia.org/wiki/Medicare_(United_States)

The Conscience of a Conservative

“…The Conscience of a Conservative is a book published under the name of Arizona Senator and 1964 Republican presidential candidate Barry Goldwater in 1960. The book reignited the American conservative movement and made Barry Goldwater a political star. The book has influenced countless conservatives in the United States, helping to lay the foundation for the Reagan Revolution in 1980.[1]

The book was ghostwritten by L. Brent Bozell Jr., brother-in-law of William F. Buckley.[1] Bozell and Buckley had been members of Yale’s debate team. They had co-authored the controversial book, McCarthy and His Enemies, in 1955. Bozell had been Goldwater’s speechwriter in the 1950s, and was familiar with many of his ideals. The first edition, 1960, is 123 pages in length and was published in the United States. The book covers such topics as education, labor unions and policies, civil rights, agricultural policy and farm subsidies, social welfare programs, and income taxation. The book is considered to be a significant statement of politically and economically American conservative ideas which were to gain influence during the following decades.[1] …”

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

Related Posts On Pronk Palisades

The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

Ron Paul, Michele Bachmann And Rand Paul–Stop Spending Money You Don’t Have!–Balance The Budget–Tea Party Budget Gets It Right–Videos

Ron Paul Tells The Truth–The Political Elites Are Not Serious About Cutting The Budget–The Coming Collapse Of The Dollar And Inflation–Videos

The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

Prescient Congressman Ron Paul On Government Interventionism–July 10, 2003 On Floor Of The House of Representatives–Videos

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

Pronk Pops Show 24: April 19, 2011, Segment 3: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

Posted on April 18, 2011. Filed under: Budgetary Policy, Business, Crime, Culture, Economics, Federal Government, Fiscal Policy, Government, Government Spending, History, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Tax Policy, Unions, Violence, War, Wisdom | Tags: , , , |

Pronk Pops Show 24: April 19, 2011

Pronk Pops Show 23: April 12, 2011

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

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

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-24

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9


Segment 3: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

“The income tax created more criminals than any other single act of government.”
~Barry Goldwater

Income Tax vs. Consumption Tax

What is the FairTax legislation?

“…What is the FairTax plan?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 13) is nonpartisan legislation. It 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 administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax:

  • Enables workers to keep their entire paychecks
  • Enables retirees to keep their entire pensions
  • Refunds in advance the tax on purchases of basic necessities
  • Allows American products to compete fairly
  • Brings transparency and accountability to tax policy
  • Ensures Social Security and Medicare funding
  • Closes all loopholes and brings fairness to taxation
  • Abolishes the IRS

We offer a library of information throughout this Web site about the features and benefits of the FairTax plan. Please explore! …”

http://www.fairtax.org/site/PageServer?pagename=about_main

The FairTax: It’s Time

Tom Wright on the FairTax part 1

Why is the FairTax better than a flat income tax?

Dan Mitchell explains the fair tax

Laura Ingraham Interviews John Linder And Steve Forbes On Fair Tax Or Flat Tax

Five Key Reasons to Reject Class-Warfare Tax Policy

Who Pays Federal Income Taxes?

Uncle Sam Wants Your Money

It’s Simple to Balance The Budget Without Higher Taxes

Controlling Leviathan: The Battle for Limited Government

Question and Answer Session: The Fight Against Big Government

Table 1
Summary of Federal Individual Income Tax Data, 2008

(Updated October 2010)

Number of Returns with Positive AGI

AGI
($ millions)

Income Taxes Paid
($ millions)

Group’s Share of Total AGI

Group’s Share of Income Taxes

Income Split Point

Average Tax Rate

All Taxpayers 139,960,580 8,426,625 1,031,512 100% 100% 12.24%
Top 1% 1,399,606 1,685,472 392,149 20.00% 38.02% $380,354 23.27%
1-5% 5,598,423 1,241,229 213,569 14.73% 20.70% 17.21%
Top 5% 6,998,029 2,926,701 605,718 34.73% 58.72% $159,619 20.70%
5-10% 6,998,029 929,761 115,703 11.03% 11.22% 12.44%
Top 10% 13,996,058 3,856,462 721,421 45.77% 69.94% $113,799 18.71%
10-25% 20,994,087 1,821,717 169,193 21.62% 16.40% 9.29%
Top 25% 34,990,145 5,678,179 890,614 67.38% 86.34% $67,280 15.68%
25-50% 34,990,145 1,673,932 113,025 19.86% 10.96% 6.75%
Top 50% 69,980,290 7,352,111 1,003,639 87.25% 97.30% >$33,048 13.65%
Bottom 50% 69,980,290 1,074,514 27,873 12.75% 2.70% <$33,048 2.59%
Source: Internal Revenue Service

Table 6

Total Income Tax Shares, 1980-2008 (Percent of federal income tax paid by each group)

Year

Total

Top 0.1%

Top 1%

Top 5%

Between 5% & 10%

Top 10%

Between 10% & 25%

Top 25%

Between 25% & 50%

Top 50%

Bottom 50%

1980

100%

19.05%

36.84%

12.44%

49.28%

23.74%

73.02%

19.93%

92.95%

7.05%

1981

100%

17.58%

35.06%

12.90%

47.96%

24.33%

72.29%

20.26%

92.55%

7.45%

1982

100%

19.03%

36.13%

12.45%

48.59%

23.91%

72.50%

20.15%

92.65%

7.35%

1983

100%

20.32%

37.26%

12.44%

49.71%

23.39%

73.10%

19.73%

92.83%

7.17%

1984

100%

21.12%

37.98%

12.58%

50.56%

22.92%

73.49%

19.16%

92.65%

7.35%

1985

100%

21.81%

38.78%

12.67%

51.46%

22.60%

74.06%

18.77%

92.83%

7.17%

1986

100%

25.75%

42.57%

12.12%

54.69%

21.33%

76.02%

17.52%

93.54%

6.46%

Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable

1987

100%

24.81%

43.26%

12.35%

55.61%

21.31%

76.92%

17.02%

93.93%

6.07%

1988

100%

27.58%

45.62%

11.66%

57.28%

20.57%

77.84%

16.44%

94.28%

5.72%

1989

100%

25.24%

43.94%

11.85%

55.78%

21.44%

77.22%

16.94%

94.17%

5.83%

1990

100%

25.13%

43.64%

11.73%

55.36%

21.66%

77.02%

17.16%

94.19%

5.81%

1991

100%

24.82%

43.38%

12.45%

55.82%

21.46%

77.29%

17.23%

94.52%

5.48%

1992

100%

27.54%

45.88%

12.12%

58.01%

20.47%

78.48%

16.46%

94.94%

5.06%

1993

100%

29.01%

47.36%

11.88%

59.24%

20.03%

79.27%

15.92%

95.19%

4.81%

1994

100%

28.86%

47.52%

11.93%

59.45%

20.10%

79.55%

15.68%

95.23%

4.77%

1995

100%

30.26%

48.91%

11.84%

60.75%

19.62%

80.36%

15.03%

95.39%

4.61%

1996

100%

32.31%

50.97%

11.54%

62.51%

18.80%

81.32%

14.36%

95.68%

4.32%

1997

100%

33.17%

51.87%

11.33%

63.20%

18.47%

81.67%

14.05%

95.72%

4.28%

1998

100%

34.75%

53.84%

11.20%

65.04%

17.65%

82.69%

13.10%

95.79%

4.21%

1999

100%

36.18%

55.45%

11.00%

66.45%

17.09%

83.54%

12.46%

96.00%

4.00%

2000

100%

37.42%

56.47%

10.86%

67.33%

16.68%

84.01%

12.08%

96.09%

3.91%

2001

100%

16.06%

33.89%

53.25%

11.64%

64.89%

18.01%

82.90%

13.13%

96.03%

3.97%

2002

100%

15.43%

33.71%

53.80%

11.94%

65.73%

18.16%

83.90%

12.60%

96.50%

3.50%

2003

100%

15.68%

34.27%

54.36%

11.48%

65.84%

18.04%

83.88%

12.65%

96.54%

3.46%

2004

100%

17.44%

36.89%

57.13%

11.07%

68.19%

16.67%

84.86%

11.85%

96.70%

3.30%

2005

100%

19.26%

39.38%

59.67%

10.63%

70.30%

15.69%

85.99%

10.94%

96.93%

3.07%

2006

100%

19.56%

39.89%

60.14%

10.65%

70.79%

15.47%

86.27%

10.75%

97.01%

2.99%

2007

100%

20.19%

40.41%

60.61%

10.59%

71.20%

15.37%

86.57%

10.54%

97.11%

2.89%

2008 100% 18.47% 38.02% 58.72% 11.22% 69.94% 16.40% 86.34% 10.96% 97.30% 2.70%
Source: IRS

http://www.taxfoundation.org/news/show/250.html

US State Sales Tax Rates – 2010
State
State sales tax rate (January 1st, 2010)%
Alabama
4.0
Alaska
nil
Arizona
5.6
Arkansas
6.0
California
8.25
Colorado
2.9
Connecticut
6.0
Delaware
nil
Florida
6.0
Georgia
4.0
Hawaii
4.0
Idaho
6.0
Illinois
6.25
Indiana
7.0
Iowa
6.0
Kansas
5.3
Kentucky
6.0
Louisiana
4.0
Maine
5.0
Maryland
6.0
Massachusetts
6.25
Michigan
6.0
Minnesota
6.875
Mississippi
7.0
Missouri
4.225
Montana
nil
Nebraska
5.5
Nevada
6.85
New Hampshire
nil
New Jersey
7.0
New Mexico
5.0
New York
4.0
North Carolina
5.75
North Dakota
5.0
Ohio
5.5
Oklahoma
4.5
Oregon
nil
Pennsylvania
6.0
Rhode Island
7.0
South Carolina
6.0
South Dakota
4.0
Tennessee
7.0
Texas
6.25
Utah
4.7
Vermont
6.0
Virginia
5.0
West Virginia
6.0
Wisconsin
5.0
Washington
6.5
Washington DC
6.0
Wyoming
4.0

http://www.usa-sales-use-tax-e-commerce.com/table_sales_rates.asp

The 48 Contiguous States and DC
Persons in family Poverty guideline
1 $10,830
2 14,570
3 18,310
4 22,050
5 25,790
6 29,530
7 33,270
8 37,010
For families with more than 8 persons, add $3,740 for each additional person.

http://www.atdn.org/access/poverty.html

Background Articles and Videos

Tom Wright on the FairTax part 1

Tom Wright on the FairTax part 2

Tom Wright on the FairTax part 3

Tom Wright on the FairTax part 4

Tom Wright on the FairTax part 5

Tom Wright on the FairTax part 6

Tom Wright on the FairTax part 7

Why is the FairTax better than other tax reform efforts?

Does the FairTax repeal the federal income tax?

How does the FairTax affect the economy?

Is the FairTax truly progressive?

How does the “prebate” work?

Is it fair for rich people to get the same prebate as poor people?

Do corporations get a windfall break from the FairTax?

How do we keep exemptions and exclusions from undermining the FairTax?

Wouldn’t it be more fair to exempt food and medicine from the FairTax?

How does the FairTax rate compare to today’s?

Is the FairTax rate really 23%?

How is the FairTax different from a Value Added Tax (VAT)?

Will the prebate create a massive new entitlement system?

How does the FairTax impact the middle class?

How will the FairTax impact seniors?

How does the FairTax affect tax preparers and CPAs?

How does the FairTax impact charitable giving?

How does the FairTax affect compliance costs?

Will the FairTax hurt home ownership with no mortgage interest deduction?

Will the FairTax hurt home ownership with no mortgage interest deduction?

How will the FairTax help people who don’t hire an accountant?

How will the FairTax impact people who don’t file income taxes?

Will the FairTax drive the economy down if people stop buying?

How will the FairTax affect state sales tax systems?

Are any significant economies funded by a sales tax?

Is education taxed under the FairTax?

Will government pay taxes under the FairTax?

Will the FairTax impact tax deferred retirement accounts like 401(k)s?

What will happen to cities who depend on tax free bonds?

How does the FairTax impact tax free bonds?

How will Social Security payments be calculated under the FairTax?

What will happen to government programs like Social Security and Medicare?

How can you tax life saving medical treatment?

Will bartering present a compliance problem under the FairTax?

How will used goods be taxed?

Can’t Americans just cross the border to avoid the FairTax

How does the FairTax affect illegal immigration?

Isn’t it a stretch to say the IRS will go away?

What will the transition be like from the income tax to the FairTax?

FairTax Show – Part 1

FairTax Show – Part 2

Ron Paul on Taxes

Policy Resources

The following organizations provide policy analysis on taxation and related issues:

Tax Policy Organizations:

Small Business Policy Organizations:

General Public Policy Research Organizations:

http://www.fairtax.org/site/PageServer?pagename=about_links

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

Pronk Pops Show 24: April 19, 2011, Segment 2: President Obama’s Fiscal Year 2012 Budget Speech Of April 13, 2011–Eat The Rich And Killing The American Dream Class Warfare–Cuts National Security Spending and Raise Taxes On The Rich–Produces Massive Deficits, National Debt, and Higher Unemployment For 12 More Years–Progressive Radical Socialist Economic Stagflation–Videos

Posted on April 18, 2011. Filed under: Budgetary Policy, Business, College, Crime, Economics, Fiscal Policy, Labor Economics, Monetary Policy, Public Sector Unions, Tax Policy, Unions, Videos, War, Wisdom | Tags: , , , , , |

Pronk Pops Show 23: April 12, 2011

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

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

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-24

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 2: President Obama’s Fiscal Year 2012 Budget Speech Of April 13, 2011–Eat The Rich And Killing The American Dream Class Warfare–Cuts National Security Spending and Raise Taxes On The Rich–Produces Massive Deficits, National Debt, and Higher Unemployment For 12 More Years–Progressive Radical Socialist Economic Stagflation–Videos

“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

“An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole system of interventionism collapses when this fountain is drained off: The Santa Claus principle liquidates itself.”

~Ludwig von Mises, Human Action, pages 854 and 858


President Obama’s Speech on 2012 Budget – April 13, 2011

The Laffer Curve, Part I: Understanding the Theory

The Laffer Curve, Part II: Reviewing the Evidence

The Laffer Curve, Part III: Dynamic Scoring

Rep. Scott: Taxing those at $100,000 and up 100% will not cover deficit

Milton Friedman: Why soaking the rich won’t work.

Paul Ryan Thrashes Obama’s Speech: “Exploiting People’s Emotions” Is “Demagoguery”!

Ryan: Debt crisis lies within spending, not taxes

Responsibility to the Poor

Howard Roark makes a case against Barack Obama Individual vs collectivism

Ayn Rand – Individual Rights

Francisco’s Money Speech Part 1

Francisco’s money speech Part 2

The Normal State of Man: Misery & Tyranny

Capitalism, Socialism, and the Jews

Who Is John Galt?

Why Did President Obama Invite Paul Ryan To A Front Row Seat To His Speech To Then Insult and Demonize Him?

Paul Ryan: Hiding Spending Doesn’t Reduce Spending

Eat The Rich


It’s Simple to Balance The Budget Without Higher Taxes

Boehner: We Can’t Tax The Very People We Expect To Create Jobs


Krauthammer: Obama’s Deficit Speech ‘A Disgrace’, ‘Shallow’, ‘Hyper-partisan’ and ‘Deeply Dishonest’

The Problem

“Extreme Spending”

Stop Spending Our Future – The Crisis

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


Partial Solutions

Senator Rand Paul on balancing the budget

Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

Shelby Introduces Balanced Budget Amendment to Constitution

Which Budgets Are Fiscally Responsible?

Which Budgets Are Living Within Ones Means?

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

f

Tea Party Solution

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.

Milton Friedman on Libertarianism (Part 4 of 4)

The FairTax: It’s Time

What is the FairTax plan?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 13) is nonpartisan legislation. It 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 administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax:

  • Enables workers to keep their entire paychecks
  • Enables retirees to keep their entire pensions
  • Refunds in advance the tax on purchases of basic necessities
  • Allows American products to compete fairly
  • Brings transparency and accountability to tax policy
  • Ensures Social Security and Medicare funding
  • Closes all loopholes and brings fairness to taxation
  • Abolishes the IRS

Table 1
Summary of Federal Individual Income Tax Data, 2008

(Updated October 2010)

Number of Returns with Positive AGI AGI
($ millions)
Income Taxes Paid
($ millions)
Group’s Share of Total AGI Group’s Share of Income Taxes Income Split Point Average Tax Rate
All Taxpayers 139,960,580 8,426,625 1,031,512 100% 100% 12.24%
Top 1% 1,399,606 1,685,472 392,149 20.00% 38.02% $380,354 23.27%
1-5% 5,598,423 1,241,229 213,569 14.73% 20.70% 17.21%
Top 5% 6,998,029 2,926,701 605,718 34.73% 58.72% $159,619 20.70%
5-10% 6,998,029 929,761 115,703 11.03% 11.22% 12.44%
Top 10% 13,996,058 3,856,462 721,421 45.77% 69.94% $113,799 18.71%
10-25% 20,994,087 1,821,717 169,193 21.62% 16.40% 9.29%
Top 25% 34,990,145 5,678,179 890,614 67.38% 86.34% $67,280 15.68%
25-50% 34,990,145 1,673,932 113,025 19.86% 10.96% 6.75%
Top 50% 69,980,290 7,352,111 1,003,639 87.25% 97.30% >$33,048 13.65%
Bottom 50% 69,980,290 1,074,514 27,873 12.75% 2.70% <$33,048 2.59%
Source: Internal Revenue Service Table 6
Total Income Tax Shares, 1980-2008 (Percent of federal income tax paid by each group)
Year Total Top 0.1% Top 1% Top 5% Between 5% & 10% Top 10% Between 10% & 25% Top 25% Between 25% & 50% Top 50% Bottom 50%
1980 100% 19.05% 36.84% 12.44% 49.28% 23.74% 73.02% 19.93% 92.95% 7.05%
1981 100% 17.58% 35.06% 12.90% 47.96% 24.33% 72.29% 20.26% 92.55% 7.45%
1982 100% 19.03% 36.13% 12.45% 48.59% 23.91% 72.50% 20.15% 92.65% 7.35%
1983 100% 20.32% 37.26% 12.44% 49.71% 23.39% 73.10% 19.73% 92.83% 7.17%
1984 100% 21.12% 37.98% 12.58% 50.56% 22.92% 73.49% 19.16% 92.65% 7.35%
1985 100% 21.81% 38.78% 12.67% 51.46% 22.60% 74.06% 18.77% 92.83% 7.17%
1986 100% 25.75% 42.57% 12.12% 54.69% 21.33% 76.02% 17.52% 93.54% 6.46%
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 100% 24.81% 43.26% 12.35% 55.61% 21.31% 76.92% 17.02% 93.93% 6.07%
1988 100% 27.58% 45.62% 11.66% 57.28% 20.57% 77.84% 16.44% 94.28% 5.72%
1989 100% 25.24% 43.94% 11.85% 55.78% 21.44% 77.22% 16.94% 94.17% 5.83%
1990 100% 25.13% 43.64% 11.73% 55.36% 21.66% 77.02% 17.16% 94.19% 5.81%
1991 100% 24.82% 43.38% 12.45% 55.82% 21.46% 77.29% 17.23% 94.52% 5.48%
1992 100% 27.54% 45.88% 12.12% 58.01% 20.47% 78.48% 16.46% 94.94% 5.06%
1993 100% 29.01% 47.36% 11.88% 59.24% 20.03% 79.27% 15.92% 95.19% 4.81%
1994 100% 28.86% 47.52% 11.93% 59.45% 20.10% 79.55% 15.68% 95.23% 4.77%
1995 100% 30.26% 48.91% 11.84% 60.75% 19.62% 80.36% 15.03% 95.39% 4.61%
1996 100% 32.31% 50.97% 11.54% 62.51% 18.80% 81.32% 14.36% 95.68% 4.32%
1997 100% 33.17% 51.87% 11.33% 63.20% 18.47% 81.67% 14.05% 95.72% 4.28%
1998 100% 34.75% 53.84% 11.20% 65.04% 17.65% 82.69% 13.10% 95.79% 4.21%
1999 100% 36.18% 55.45% 11.00% 66.45% 17.09% 83.54% 12.46% 96.00% 4.00%
2000 100% 37.42% 56.47% 10.86% 67.33% 16.68% 84.01% 12.08% 96.09% 3.91%
2001 100% 16.06% 33.89% 53.25% 11.64% 64.89% 18.01% 82.90% 13.13% 96.03% 3.97%
2002 100% 15.43% 33.71% 53.80% 11.94% 65.73% 18.16% 83.90% 12.60% 96.50% 3.50%
2003 100% 15.68% 34.27% 54.36% 11.48% 65.84% 18.04% 83.88% 12.65% 96.54% 3.46%
2004 100% 17.44% 36.89% 57.13% 11.07% 68.19% 16.67% 84.86% 11.85% 96.70% 3.30%
2005 100% 19.26% 39.38% 59.67% 10.63% 70.30% 15.69% 85.99% 10.94% 96.93% 3.07%
2006 100% 19.56% 39.89% 60.14% 10.65% 70.79% 15.47% 86.27% 10.75% 97.01% 2.99%
2007 100% 20.19% 40.41% 60.61% 10.59% 71.20% 15.37% 86.57% 10.54% 97.11% 2.89%
2008 100% 18.47% 38.02% 58.72% 11.22% 69.94% 16.40% 86.34% 10.96% 97.30% 2.70%
Source: IRS

http://www.taxfoundation.org/news/show/250.html

Federal income tax rates

1930 – 1960

Historical income tax rates for Married Filing Jointly at stated income levels.[3]

Year $20,001 $60,001 $100,001
1930 10% 21% 25%
1932 16% 36% 56%
1934 19% 37% 56%
1936 19% 39% 62%
1938 19% 39% 62%
1940 28% 51% 62%
1942 55% 75% 85%
1944 59% 81% 92%
1946 56% 78% 89%
1948 56% 78% 89%
1950 56% 78% 89%
1952 62% 80% 90%
1954 56% 78% 89%
1956 38% 62% 75%
1958 38% 62% 75%
1960 38% 62% 75%

Year 2008 income brackets and tax rates

Marginal Tax Rate Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,025 $0 – $16,050 $0 – $8,025 $0 – $11,450
15% $8,026 – $32,550 $16,051 – $65,100 $8,026 – $32,550 $11,451 – $43,650
25% $32,551 – $78,850 $65,101 – $131,450 $32,551 – $65,725 $43,651 – $112,650
28% $78,851 – $164,550 $131,451 – $200,300 $65,726 – $100,150 $112,651 – $182,400
33% $164,551 – $357,700 $200,301 – $357,700 $100,151 – $178,850 $182,401 – $357,700
35% $357,701+ $357,701+ $178,851+ $357,701+

Year 2009 income brackets and tax rates

Marginal Tax Rate[4] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,350 $0 – $16,700 $0 – $8,350 $0 – $11,950
15% $8,351 – $33,950 $16,701 – $67,900 $8,351 – $33,950 $11,951 – $45,500
25% $33,951 – $82,250 $67,901 – $137,050 $33,951 – $68,525 $45,501 – $117,450
28% $82,251 – $171,550 $137,051 – $208,850 $68,526 – $104,425 $117,451 – $190,200
33% $171,551 – $372,950 $208,851 – $372,950 $104,426 – $186,475 $190,201 – $372,950
35% $372,951+ $372,951+ $186,476+ $372,951+

Year 2010 income brackets and tax rates

Marginal Tax Rate[5] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,375 $0 – $16,750 $0 – $8,375 $0 – $11,950
15% $8,376 – $34,000 $16,751 – $68,000 $8,376 – $34,000 $11,951 – $45,550
25% $34,001 – $82,400 $68,001 – $137,300 $34,001 – $68,650 $45,551 – $117,650
28% $82,401 – $171,850 $137,301 – $209,250 $68,651 – $104,625 $117,651 – $190,550
33% $171,851 – $373,650 $209,251 – $373,650 $104,626 – $186,825 $190,551 – $373,650
35% $373,651+ $373,651+ $186,826+ $373,651+

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

U.S. Debt Clock

http://www.usdebtclock.org/

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

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

Historical Debt Outstanding – Annual 2000 – 2010

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

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

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

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

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

http://www.treasurydirect.gov/govt/reports/pd/mspd/2011/opds032011.prn

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
09/30/2000 5,674,178,209,886.86

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

The Presidential Divider

Obama’s toxic speech and even worse plan for deficits and debt.

“…Did someone move the 2012 election to June 1? We ask because President Obama’s extraordinary response to Paul Ryan’s budget yesterday—with its blistering partisanship and multiple distortions—was the kind Presidents usually outsource to some junior lieutenant. Mr. Obama’s fundamentally political document would have been unusual even for a Vice President in the fervor of a campaign.

Joseph Rago and Steve Moore on who will pay more under the White House’s planned tax increases.

The immediate political goal was to inoculate the White House from criticism that it is not serious about the fiscal crisis, after ignoring its own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion. Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda.

Mr. Obama did not deign to propose an alternative to rival Mr. Ryan’s plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. “Their vision is less about reducing the deficit than it is about changing the basic social compact in America,” he said, supposedly pitting “children with autism or Down’s syndrome” against “every millionaire and billionaire in our society.” The President was not attempting to join the debate Mr. Ryan has started, but to close it off just as it begins and banish House GOP ideas to political Siberia.

Mr. Obama then packaged his poison in the rhetoric of bipartisanship—which “starts,” he said, “by being honest about what’s causing our deficit.” The speech he chose to deliver was dishonest even by modern political standards. …”

http://online.wsj.com/article/SB10001424052748703730104576260911986870054.html

Related Posts On Pronk Palisades

Sam Vaknin Analyzes Barack Obama–Videos

Ron Paul, Michele Bachmann And Rand Paul–Stop Spending Money You Don’t Have!–Balance The Budget–Tea Party Budget Gets It Right–Videos

Republican Party Establishment Ruling Class Betrays The Tea Party Movement and American People With A Fiscal Year 2012 Budget Resolution With A Deficit of $995 Billion And Budgets Not Balanced In Next Ten Years–Replace Republican Party Leadership–Videos

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

Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!

The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

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

Pronk Pops Show 24: April 19, 2011, Segment 0: S&P Rating Outlook Changed From “Stable” To “Negative” For U.S. Treasury Debt–Videos, Segment 1: Who is John Galt? Who is Ayn Rand–Videos

Posted on April 17, 2011. Filed under: American History, Budgetary Policy, Business, Crime, Culture, Economics, Education, European History, Federal Government, Fiscal Policy, Government, Government Spending, History, Labor Economics, Monetary Policy, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Radio, Tax Policy, Unions, Videos, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , |

Pronk Pops Show 24: April 19, 2011

Pronk Pops Show 23: April 12,  2011

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

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

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-24

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk  Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 0: S&P Rating Outlook Changed From “Stable” To “Negative” For U.S. Treasury Debt–Videos

U.S. Debt Clock

http://www.usdebtclock.org/

 U.S. Debt Rating Drops to “Negative”

Why Did S&P Issue Warning on US Bond Rating?

Stocks Tumble after US Outlook Downgraded; Ron Paul Discusses

S&P Lowers U.S. Debt Outlook To “Negative”

S&P Downgrades U.S. Debt Rating to “Negative”

Fink Calls S&P U.S. Outlook Cut a `Warning’ to Lawmakers

Taxation is Theft

MacGuineas Says U.S. Should Take S&P Action Seriously

Eizenstat Says S&P Action a `Political Warning’ for U.S.

Standard and Poor’s

“….Credit Ratings Definitions & FAQs

Credit ratings are forward-looking opinions about credit risk. Standard & Poor’s credit ratings express the agency’s opinion about the ability and willingness of an issuer, such as a corporation or state or city government, to meet its financial obligations in full and on time.

Credit ratings can also speak to the credit quality of an individual debt issue, such as a corporate note, a municipal bond or a mortgage-backed security, and the relative likelihood that the issue may default.

Ratings are provided by organizations such as Standard & Poor’s, commonly called credit rating agencies, which specialize in evaluating credit risk.

Each agency applies its own methodology in measuring creditworthiness and uses a specific rating scale to publish its ratings opinions. Typically, ratings are expressed as letter grades that range, for example, from ‘AAA’ to ‘D’ to communicate the agency’s opinion of relative level of credit risk.

For more information view the detailed Ratings Definitions


What do the letter ratings mean?

The general meaning of our credit rating opinions is summarized below.
‘AAA’—Extremely strong capacity to meet financial commitments. Highest Rating.
‘AA’—Very strong capacity to meet financial commitments.
‘A’—Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances.
‘BBB’—Adequate capacity to meet financial commitments, but more subject to adverse economic conditions.
‘BBB-‘—Considered lowest investment grade by market participants.
‘BB+’—Considered highest speculative grade by market participants.
‘BB’—Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.
‘B’—More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments.
‘CCC’—Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments.
‘CC’—Currently highly vulnerable.
‘C’—Currently highly vulnerable obligations and other defined circumstances.
‘D’—Payment default on financial commitments.

Note: Ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

http://www.standardandpoors.com/ratings/gfir/en/us

DoubleLine says S&P warning “good” for US debt

By Jennifer Ablan

“…S&P revised its outlook on the United States’ AAA credit rating to negative from stable, citing the country’s deteriorating fiscal position. The shift reflects the rating agency’s belief that there is a one in three chance that the U.S. credit rating could be downgraded within two years.

Mohamed El-Erian, the co-chief investment officer at PIMCO, told Reuters Insider television that the S&P warning reflects the United States’ deteriorating standing in the global economy.

“The U.S. risks losing their AAA rating under our internal ratings,” El-Erian said. He added that the $1.2 trillion fund will continue to avoid long-term U.S. Treasuries, particularly at these “low” yield levels. Benchmark 10-year yields fell to 3.37 percent, marking the lowest since March 24. …”

http://www.reuters.com/article/2011/04/18/us-ratings-usa-gundlach-idUSTRE73H48Z20110418

A surprise warning about U.S. debt by credit rating agency Standard & Poor’s sent stocks plunging Monday and crystallized the threat that mounting federal budget deficits and national debt pose to the U.S. financial system and the American way of life.

“…S&P maintained the coveted AAA rating on U.S. government debt, but switched its outlook from stable to negative, a sign that the ratings agency has doubts about Washington’s prospects for taking effective action to curb deficits and debt.

“The negative outlook on our rating on the U.S. sovereign signals that we believe there is at least a one-in-three likelihood that we could lower our long-term rating on the U.S. within two years,” S&P analysts noted in their credit report. “The outlook reflects our view of the increased risk that the political negotiations over when and how to address both the medium- and long-term fiscal challenges will persist until at least after national elections in 2012.” …”

“…Question: What is Standard & Poor’s, and why does its opinion matter?

Answer: S&P is a nationally recognized statistical rating organization. It rates debt, in this case U.S. Treasury bonds, in terms of the risk of default they pose to investors in them. U.S. government securities have long enjoyed the top AAA rating but are now viewed as at risk for a downgrade of creditworthiness.

Q: Why would a downgrade affect borrowing costs in the economy?

A: The ratings issued by S&P and its main competitors – Moody’s Investors Service and Fitch Ratings – are used by investors to calculate what sort of return they should demand in exchange for the default risk they assume when investing in a given security. A lower rating means a higher chance of default.

The issuer, in this case the U.S. government, would have to pay a higher interest rate to investors to market its lower-rated bonds. Since the government must borrow to pay off existing debt, the cost of that would snowball into an even more costly fix for our fiscal problems. …”

S&P’s Credibility Under Fire As Agency Issues US Debt Warning

“…, just last week a Senate investigations subcommittee ripped Standard & Poor’s in a comprehensive report on the financial meltdown. The bipartisan report — issued by Sen. Carl Levin, D-Mich., and Sen. Tom Coburn, R-Okla. — in part blamed S&P for the crisis, saying the agency had inflated ratings on mortgage-backed securities for their own profit, only to later downgrade those ratings, destroying the value of the securities and contributing to the crisis.

“It was not in the short-term economic interest of either Moody’s or S&P, however, to provide accurate credit ratings for high-risk RMBS and CDO securities, because doing so would have hurt their own revenues,” Levin and Coburn said in their report. “Instead, the credit rating agencies’ profits became increasingly reliant on the fees generated by issuing a large volume of structured finance ratings.”

In short, the senators say, “Inaccurate AAA credit ratings introduced risk into the U.S. financial system and constituted a key cause of the financial crisis.”

The credibility of S&P is especially significant in the wake of the rating agency’s statement on Monday that it was starting to lose faith in the government’s creditworthiness. While S&P maintained its best-possible AAA rating for US federal debt, the firm lowered its outlook from “stable” to “negative.” The statement means the agency now thinks there is a one-in-three chance that it will reduce the rating of the bonds in the next few years. …”

“We view President Obama’s and Congressman Ryan’s proposals as the starting point of a process aimed at broader engagement, which could result in substantial and lasting U.S. government fiscal consolidation,” S&P noted. “That said, we see the path to agreement as challenging because the gap between the parties remains wide. We believe there is a significant risk that Congressional negotiations could result in no agreement on a medium-term fiscal strategy until after the fall 2012 Congressional and Presidential elections.”

http://abcnews.go.com/Politics/standard-poors-credibility-fire-us-debt-warning/story?id=13407823

Background Articles and Videos

Senator Rand Paul on balancing the budget

Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

Shelby Introduces Balanced Budget Amendment to Constitution

Which Budgets Are Fiscally Responsible?

Which Budgets Are Living Within Ones Means?

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

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.

Milton Friedman on Libertarianism (Part 4 of 4)


The FairTax: It’s Time

Segment 1: Who is John Galt? Who is Ayn Rand–Videos

Rand-O-Rama: The Long Shelf Life of Ayn Rand’s Legacy

Atlas Shrugged Trailer

On the Set of Atlas Shrugged: 53 Years in the Making

Mr. Galt Goes to Washington: Ayn Rand’s Atlas Shrugged Premiers Among DC’s Capitalist Elite

Atlas Shrugged The Movie Part 1 Review

Who Is John Galt?

Why Atlas Shrugged Changes Lives

Atlas Shrugged and the Tea Party Revolts

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

Ayn Rand Interview with Tom Snyder, (1 of 3)

Ayn Rand Interview with Tom Snyder, (2 of 3)

Ayn Rand Interview with Tom Snyder, (3 of 3)

1 of 2 Money, the root of all evil? Francisco d’Anconia

2 of 2 Money, the root of all evil? Francisco d’Anconia

John Galt Speech FULL part 1 of 3

John Galt Speech FULL part 2  of 3

John Galt Speech FULL part 3 of 3

AYN RAND’s message to AMERICA

Background Articles and Videos

Ayn Rand: A Sense of Life 01

Ayn Rand – A Sense of Life 02

Ayn Rand A Sense of Life 03

Ayn Rand – A Sense of Life 04

Ayn Rand – A Sense of Life 05

Ayn Rand – A Sense of Life 06

Ayn Rand – A Sense of Life 07

Ayn Rand – A Sense of Life 08

Ayn Rand – A Sense of Life 09

Ayn Rand – A Sense of Life 10

Atlas Shrugged Trailer

Ayn Rand & The World She Made: Q&A with Anne Heller

Anne Heller on Ayn Rand–SHORT VERSION on The Woman’s Connection®

Ayn Rand: Prophet or Scapegoat?

Nathaniel Branden on “My Years With Ayn Rand”

Barbara Branden on the Passion of Ayn Rand

‘Atlas Shrugged’ at Fifty | by Barbara Branden

Reason Foundation Co-Founder Tibor Machan on Ayn Rand

Reason Foundation Co-Founder Manny Klausner on Ayn Rand

Ayn Rand Grave

Related Posts On Pronk Palisades

Ayn Rand–Videos

Ayn Rand: A Sense Of Life–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

Francisco d’Anconia’s ‘Money Speech’ from Atlas Shrugged, by Ayn Rand–Videos

Yaron Brook On Capitalism and Atlas Shrugged–Videos

Jennifer Burns–Goddess of the Market: Ayn Rand and the American Right–Videos

Anne C. Heller–Ayn Rand And The World She Made–Videos

John Stossel On Ayn Rand’s Atlas Shrugged

Ayn Rand’s Howard Roark–Individualist–Replies To Barack Obama–Collectivist–Videos

WordPress Is At It Again In Censoring Posts–This Time On The April 15, 2011 Opening Of Atlas Shrugged Movie and March On Washington D.C.–Videos

Atlas Shrugged Part 1 Opens April 15, 2011–See The Movie and March On Washington D.C. For Tea Party Rally On April 15!–Videos

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

Pronk Pops Show 23, April 12, 2011: Segment 2:The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

Posted on April 11, 2011. Filed under: American History, Budgetary Policy, Business, Economics, Federal Government, Fiscal Policy, Government, Government Spending, History, Philosophy, Politics, Radio, Tax Policy, Violence, War, Wisdom | Tags: , , , |



Pronk Pops Show 23: April 12,  2011

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

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

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-23

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk  Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9


Segment 2: The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

“The income tax created more criminals than any other single act of government.”
~Barry Goldwater

Income Tax vs. Consumption Tax

 

What is the FairTax legislation?

“…What is the FairTax plan?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 13) is nonpartisan legislation. It 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 administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax:

  • Enables workers to keep their entire paychecks
  • Enables retirees to keep their entire pensions
  • Refunds in advance the tax on purchases of basic necessities
  • Allows American products to compete fairly
  • Brings transparency and accountability to tax policy
  • Ensures Social Security and Medicare funding
  • Closes all loopholes and brings fairness to taxation
  • Abolishes the IRS

We offer a library of information throughout this Web site about the features and benefits of the FairTax plan. Please explore! …”

http://www.fairtax.org/site/PageServer?pagename=about_main

 

The FairTax: It’s Time

 

Tom Wright on the FairTax part 1

 

Why is the FairTax better than a flat income tax?

 

Dan Mitchell explains the fair tax

 

Laura Ingraham Interviews John Linder And Steve Forbes On Fair Tax Or Flat Tax

 

Five Key Reasons to Reject Class-Warfare Tax Policy

Who Pays Federal Income Taxes?

 

Uncle Sam Wants Your Money

 

It’s Simple to Balance The Budget Without Higher Taxes

Controlling Leviathan: The Battle for Limited Government

Question and Answer Session: The Fight Against Big Government

 

Table 1
Summary of Federal Individual Income Tax Data, 2008

(Updated October 2010)

Number of Returns with Positive AGI AGI
($ millions)
Income Taxes Paid
($ millions)
Group’s Share of Total AGI Group’s Share of Income Taxes Income Split Point Average Tax Rate
All Taxpayers 139,960,580 8,426,625 1,031,512 100% 100% 12.24%
Top 1% 1,399,606 1,685,472 392,149 20.00% 38.02% $380,354 23.27%
1-5% 5,598,423 1,241,229 213,569 14.73% 20.70% 17.21%
Top 5% 6,998,029 2,926,701 605,718 34.73% 58.72% $159,619 20.70%
5-10% 6,998,029 929,761 115,703 11.03% 11.22% 12.44%
Top 10% 13,996,058 3,856,462 721,421 45.77% 69.94% $113,799 18.71%
10-25% 20,994,087 1,821,717 169,193 21.62% 16.40% 9.29%
Top 25% 34,990,145 5,678,179 890,614 67.38% 86.34% $67,280 15.68%
25-50% 34,990,145 1,673,932 113,025 19.86% 10.96% 6.75%
Top 50% 69,980,290 7,352,111 1,003,639 87.25% 97.30% >$33,048 13.65%
Bottom 50% 69,980,290 1,074,514 27,873 12.75% 2.70% <$33,048 2.59%
Source: Internal Revenue Service Table 6 

Total Income Tax Shares, 1980-2008 (Percent of federal income tax paid by each group)
Year Total Top 0.1% Top 1% Top 5% Between 5% & 10% Top 10% Between 10% & 25% Top 25% Between 25% & 50% Top 50% Bottom 50%
1980 100% 19.05% 36.84% 12.44% 49.28% 23.74% 73.02% 19.93% 92.95% 7.05%
1981 100% 17.58% 35.06% 12.90% 47.96% 24.33% 72.29% 20.26% 92.55% 7.45%
1982 100% 19.03% 36.13% 12.45% 48.59% 23.91% 72.50% 20.15% 92.65% 7.35%
1983 100% 20.32% 37.26% 12.44% 49.71% 23.39% 73.10% 19.73% 92.83% 7.17%
1984 100% 21.12% 37.98% 12.58% 50.56% 22.92% 73.49% 19.16% 92.65% 7.35%
1985 100% 21.81% 38.78% 12.67% 51.46% 22.60% 74.06% 18.77% 92.83% 7.17%
1986 100% 25.75% 42.57% 12.12% 54.69% 21.33% 76.02% 17.52% 93.54% 6.46%
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 100% 24.81% 43.26% 12.35% 55.61% 21.31% 76.92% 17.02% 93.93% 6.07%
1988 100% 27.58% 45.62% 11.66% 57.28% 20.57% 77.84% 16.44% 94.28% 5.72%
1989 100% 25.24% 43.94% 11.85% 55.78% 21.44% 77.22% 16.94% 94.17% 5.83%
1990 100% 25.13% 43.64% 11.73% 55.36% 21.66% 77.02% 17.16% 94.19% 5.81%
1991 100% 24.82% 43.38% 12.45% 55.82% 21.46% 77.29% 17.23% 94.52% 5.48%
1992 100% 27.54% 45.88% 12.12% 58.01% 20.47% 78.48% 16.46% 94.94% 5.06%
1993 100% 29.01% 47.36% 11.88% 59.24% 20.03% 79.27% 15.92% 95.19% 4.81%
1994 100% 28.86% 47.52% 11.93% 59.45% 20.10% 79.55% 15.68% 95.23% 4.77%
1995 100% 30.26% 48.91% 11.84% 60.75% 19.62% 80.36% 15.03% 95.39% 4.61%
1996 100% 32.31% 50.97% 11.54% 62.51% 18.80% 81.32% 14.36% 95.68% 4.32%
1997 100% 33.17% 51.87% 11.33% 63.20% 18.47% 81.67% 14.05% 95.72% 4.28%
1998 100% 34.75% 53.84% 11.20% 65.04% 17.65% 82.69% 13.10% 95.79% 4.21%
1999 100% 36.18% 55.45% 11.00% 66.45% 17.09% 83.54% 12.46% 96.00% 4.00%
2000 100% 37.42% 56.47% 10.86% 67.33% 16.68% 84.01% 12.08% 96.09% 3.91%
2001 100% 16.06% 33.89% 53.25% 11.64% 64.89% 18.01% 82.90% 13.13% 96.03% 3.97%
2002 100% 15.43% 33.71% 53.80% 11.94% 65.73% 18.16% 83.90% 12.60% 96.50% 3.50%
2003 100% 15.68% 34.27% 54.36% 11.48% 65.84% 18.04% 83.88% 12.65% 96.54% 3.46%
2004 100% 17.44% 36.89% 57.13% 11.07% 68.19% 16.67% 84.86% 11.85% 96.70% 3.30%
2005 100% 19.26% 39.38% 59.67% 10.63% 70.30% 15.69% 85.99% 10.94% 96.93% 3.07%
2006 100% 19.56% 39.89% 60.14% 10.65% 70.79% 15.47% 86.27% 10.75% 97.01% 2.99%
2007 100% 20.19% 40.41% 60.61% 10.59% 71.20% 15.37% 86.57% 10.54% 97.11% 2.89%
2008 100% 18.47% 38.02% 58.72% 11.22% 69.94% 16.40% 86.34% 10.96% 97.30% 2.70%
Source: IRS

 

 

 

 

 

http://www.taxfoundation.org/news/show/250.html

US State Sales Tax Rates – 2010
State
State sales tax rate (January 1st, 2010)%
Alabama
4.0
Alaska
nil
Arizona
5.6
Arkansas
6.0
California
8.25
Colorado
2.9
Connecticut
6.0
Delaware
nil
Florida
6.0
Georgia
4.0
Hawaii
4.0
Idaho
6.0
Illinois
6.25
Indiana
7.0
Iowa
6.0
Kansas
5.3
Kentucky
6.0
Louisiana
4.0
Maine
5.0
Maryland
6.0
Massachusetts
6.25
Michigan
6.0
Minnesota
6.875
Mississippi
7.0
Missouri
4.225
Montana
nil
Nebraska
5.5
Nevada
6.85
New Hampshire
nil
New Jersey
7.0
New Mexico
5.0
New York
4.0
North Carolina
5.75
North Dakota
5.0
Ohio
5.5
Oklahoma
4.5
Oregon
nil
Pennsylvania
6.0
Rhode Island
7.0
South Carolina
6.0
South Dakota
4.0
Tennessee
7.0
Texas
6.25
Utah
4.7
Vermont
6.0
Virginia
5.0
West Virginia
6.0
Wisconsin
5.0
Washington
6.5
Washington DC
6.0
Wyoming
4.0

 

 

 

 

 

http://www.usa-sales-use-tax-e-commerce.com/table_sales_rates.asp

The 48 Contiguous States and DC
Persons in family Poverty guideline
1 $10,830
2 14,570
3 18,310
4 22,050
5 25,790
6 29,530
7 33,270
8 37,010
For families with more than 8 persons, add $3,740 for each additional person.

 

 

 

 

 

http://www.atdn.org/access/poverty.html

 

Background Articles and Videos

Tom Wright on the FairTax part 1

 

Tom Wright on the FairTax part 2

 

Tom Wright on the FairTax part 3

 

Tom Wright on the FairTax part 4

 

Tom Wright on the FairTax part 5

 

Tom Wright on the FairTax part 6

 

Tom Wright on the FairTax part 7

 

Why is the FairTax better than other tax reform efforts?

 

Does the FairTax repeal the federal income tax?

 

How does the FairTax affect the economy?

 

Is the FairTax truly progressive?

 

How does the “prebate” work?

 

Is it fair for rich people to get the same prebate as poor people?

 

Do corporations get a windfall break from the FairTax?

 

How do we keep exemptions and exclusions from undermining the FairTax?

 

Wouldn’t it be more fair to exempt food and medicine from the FairTax?

 

How does the FairTax rate compare to today’s?

 

Is the FairTax rate really 23%?

 

How is the FairTax different from a Value Added Tax (VAT)?

 

Will the prebate create a massive new entitlement system?

 

How does the FairTax impact the middle class?

 

How will the FairTax impact seniors?

 

How does the FairTax affect tax preparers and CPAs?

 

How does the FairTax impact charitable giving?

 

 

How does the FairTax affect compliance costs?

 

Will the FairTax hurt home ownership with no mortgage interest deduction?

 

Will the FairTax hurt home ownership with no mortgage interest deduction?

 

How will the FairTax help people who don’t hire an accountant?

 

How will the FairTax impact people who don’t file income taxes?

 

Will the FairTax drive the economy down if people stop buying?

 

How will the FairTax affect state sales tax systems?

 

Are any significant economies funded by a sales tax?

 

Is education taxed under the FairTax?

 

Will government pay taxes under the FairTax?

 

Will the FairTax impact tax deferred retirement accounts like 401(k)s?

 

What will happen to cities who depend on tax free bonds?

How does the FairTax impact tax free bonds?

 

How will Social Security payments be calculated under the FairTax?

 

What will happen to government programs like Social Security and Medicare?

 

How can you tax life saving medical treatment?

 

Will bartering present a compliance problem under the FairTax?

 

How will used goods be taxed?

 

Can’t Americans just cross the border to avoid the FairTax

 

How does the FairTax affect illegal immigration?

 

Isn’t it a stretch to say the IRS will go away?

 

What will the transition be like from the income tax to the FairTax?

 

FairTax Show – Part 1

 

FairTax Show – Part 2

 

Ron Paul on Taxes

Policy Resources

The following organizations provide policy analysis on taxation and related issues:

Tax Policy Organizations:

Small Business Policy Organizations:

General Public Policy Research Organizations:

http://www.fairtax.org/site/PageServer?pagename=about_links

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

Pronk Pops Show 23: April 12, 2011:Segment 0: Sidney Lumet–Rest In Peace; Segment 1: Tea Party Movement Demands Passage of The Balanced Budget Amendment and The FairTax As The Price For Raising The National Statutory Debt Limit of $ 14,294,000,000 One Last Time By $1,000,000,000,000!–Videos

Posted on April 11, 2011. Filed under: American History, Budgetary Policy, Climate Change, Economics, Education, Federal Government, Fiscal Policy, Government, Government Spending, History, Labor Economics, Monetary Policy, Philosophy, Politics, Radio, Tax Policy, Videos, Violence, War, Wisdom | Tags: , , , , , , |

Pronk Pops Show 23: April 12,  2011

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

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

 

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-23

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk  Pops Podcast or Download Shows 10-15 

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 0: Sidney Lumet–Rest In Peace–Videos

“All great work is preparing yourself for the accident to happen.”

~Sidney Lumet


Sidney Lumet dies at 86; prolific ‘actor’s director’ steered clear of Hollywood

“…Sidney Lumet, a four-time Oscar nominee, was known for guiding strong performances in films such as ’12 Angry Men,’ ‘Network’ and ‘Dog Day Afternoon.’ He directed more than 40 films in his long career, many of them in his hometown of New York. …”

http://www.latimes.com/news/obituaries/la-me-sidney-lumet-20110410,0,7115943.story

Favorite Directors Series – Sidney Lumet

 

Sidney Lumet Canadian TV Interview 1985 Part #1

 

Sidney Lumet Canadian TV Interview 1985 Part #2

 

Sidney Lumet Canadian TV Interview 1985 Part #3

 

Sidney Lumet – Archive Interview Part 2 of 6

 

Sidney Lumet – Archive Interview Part 3 of 6

 

Sidney Lumet – Archive Interview Part 4 of 6

 

Sidney Lumet – Archive Interview Part 5 of 6

 

Sidney Lumet – Archive Interview Part 6 of 6

 

Director Sydney Lumet – Stephen Holt Show

 

Sidney Lumet On THE GODFATHER

 

Sidney Lumet On 12 ANGRY MEN

 

Sidney Lumet On What Makes A Great Courtroom Drama

 

Sidney Lumet On THE VERDICT

 

Garbo Talks


 

NYFF 07: Sidney Lumet On The Digital Revolution

 

12 Angry Men – This is how you deal with prejudice.

 

A View from the Bridge (Vu Du Pont ) – 1962

 

The Mad Scene… (Long Day’s Journey Into Night – Act IV)

 

Fail-Safe (1964) Ending

 

The Hill – Trailer – (1965) – HQ

 

THE HILL   1965

 

The Pawnbroker – ‘You People?’

Sean Connery, Movie – The Anderson Tapes (Original Trailer)


 

Serpico Trailer

Murder on the Orient Express (1974) – Lauren Bacall – Albert Finney

Equus 1977

“You Can’t Win” The Wiz

Prince of the City THE FINAL ARGUMENT

The Verdict – Trailer – (1982) HQ

Memorable movie moments-Dog day afternoon

The Verdict – Paul Newman 1982

Daniel (Part 1)

 

Network – Mad as hell

 

Running On Empty- River Phoenix-Movie ( Clip 1)

 

Before the Devil Knows You’re Dead

 

Daniel (Part 13)

 

“Anything you can do with film, I can do with HD.”

~Sidney Lumet

 

Background Articles and Videos

 

Biography for
Sidney Lumet

“…Lumet won the New York Film Critics Circle Award for his terrific direction in Prince of the City (1981), one of his best and most typical films. It’s about police corruption, but hardly a remake of Serpico (1973). Starring a powerful Treat Williams, it’s an extraordinarily multi-layered film. In his highly informative book “Making Movies” (1995), Lumet describes the film in the following way: “When we try to control everything, everything winds up controlling us. Nothing is what it seems.” It’s also a movie about values, friendship and drug addiction and, like “Serpico”, is based on a true story. It was adapted by Lumet himself and Jay Presson Allen from Robert Daley’s book. Their screenplay earned an Academy Award nomination, and the picture, Lumet and Williams earned Golden Globe nominations. …”

“…The terrific cop thriller Serpico (1973), the first of his films about police corruption in New York City, featured a fascinating Al Pacino and was the beginning of the most successful phase of Lumet’s career. It was also one of his biggest critical and financial successes. Pacino won the Golden Globe, and the picture earned two Oscar nominations. After the less acclaimed Lovin’ Molly (1974), Lumet’s British adaptation of Agatha Christie’s Murder on the Orient Express (1974) was another success, a very good, exquisitely photographed murder mystery with an all-star cast (including Albert Finney, Lauren Bacall, Connery and Ingrid Bergman). It earned six Oscar nominations, and Bergman won her third Academy Award. Then Lumet directed the hit Dog Day Afternoon (1975), a complex masterpiece about a bungled bank robbery in New York City. Pauline Kael called it “one of the best “New York” movies ever made.” It starred a wonderful Al Pacino and earned six Academy Award nominations (including Best Picture, Director and Actor) and won the Academy Award for Frank Pierson’s Original Screenplay. Lumet’s following film is one of his most famous: the media satire Network (1976). It earned ten Academy Award nominations (including Picture and Director) and won in four categories (Best Actor for Peter Finch, Best Actress for Faye Dunaway, Best Original Screenplay by Paddy Chayefsky, Best Supporting Actress for Beatrice Straight). Lumet won the Golden Globe for his direction (he won the Los Angeles Film Critics Association Awards for his direction in Dog Day Afternoon (1975) and Network (1976). Both pictures won LAFCA awards for Best Picture, too). Lumet’s Equus (1977), an overly naturalistic adaptation of Peter Shaffer’s stage play, earned Oscar nominations for Richard Burton and Peter Firth and for Shaffer’s screenplay. …”

“…Three of his films are listed on the American Film Institute’s 100 Most Inspiring Movies of All Time. They are: Serpico (1973) at #84, The Verdict (1982) at #75, and 12 Angry Men (1957) at #42. …”

http://www.imdb.com/name/nm0001486/bio

Sidney Lumet

“…Sidney Lumet (play /luːˈmɛt/ loo-MET; June 25, 1924 – April 9, 2011) was an American director, producer and screenwriter with over 50 films to his name. He was nominated as best director for 12 Angry Men (1957), Dog Day Afternoon (1975), Network (1976) and The Verdict (1982). Although he never won an Oscar, 14 of his films were nominated for various Oscars, such as Network, which was nominated for 10, winning 4.

The Encyclopedia of Hollywood states that Lumet was one of the most prolific directors of the modern era, making more than one movie per year on average since his directorial debut in 1957.[1] He was noted by Turner Classic Movies for his “strong direction of actors”, “vigorous storytelling” and the “social realism” in his best work.[2] Film critic Roger Ebert described him as having been “one of the finest craftsmen and warmest humanitarians among all film directors.”[3] Lumet was also known as an “actor’s director,” having worked with the best of them during his career, probably more than “any other director.”[4]

Lumet began his career as an Off-Broadway director, then became a highly efficient TV director. His first movie was typical of his best work: a well-acted, tightly written, deeply considered “problem picture,” 12 Angry Men (1957). From that point on Lumet divided his energies among other idealistic problem pictures along with literate adaptations of plays and novels, big stylish pictures, and New York-based black comedies. As a result of directing 12 Angry Men, he was also responsible for leading the first wave of directors who made a successful transition from TV to movies. In 2005, Lumet received an Academy Award for Lifetime Achievement for his “brilliant services to screenwriters, performers, and the art of the motion picture.” Two years later, he concluded his career with the acclaimed drama Before the Devil Knows You’re Dead (2007). …”

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

Related Posts On Pronk Palisades

Daniel–Videos

Prince of the City–Videos

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

 

TSA still groping kids…and drug testing them

 

Young Boy Strip Searched by TSA (New link to TSA lies interview)

 

Jack Cafferty On Balance Budget, National Sales Tax, American People and Leadership

 

CNN’s Jack Cafferty:

“…Voters are fed up with our lawmakers’ inability to take action when it comes to reducing the $1.5 trillion federal deficit. And as The Wall Street Journal reports, it’s the voters who appear more willing to take drastic steps to do something about the nation’s mounting red ink.

The newspaper talked to voters in Virginia, a swing state, who say they’re willing to make the tough cuts – from a national sales tax, to budget cuts, to higher medicare co-pays and deductibles.

The voters get it even if the federal government doesn’t. And Washington really doesn’t get it. Our leaders worry about being attacked in an election year if they suggest spending cuts or tax increases.

The American people just want their leaders to lead on this issue. Is that too much to ask? That’s why they were elected. ..”

Recent additions to U.S. public debt[19][20]
Fiscal year (begins
10/01 of prev. year)
Annual
deficit
% of GDP Total debt % of GDP
1994 $281.0 billion 4.0% $4.70 trillion 67.3%
1995 $281.5 billion 3.8% $4.95 trillion 67.8%
1996 $251.0 billion 3.2% $5.20 trillion 67.7%
1997 $188.5 billion 2.3% $5.40 trillion 65.9%
1998 $113.0 billion 1.3% $5.55 trillion 63.8%
1999 $130.0 billion 1.4% $5.65 trillion 61.4%
2000 $18.0 billion 0.2% $5.65 trillion 57.8%
2001 $133.5 billion 1.3% $5.80 trillion 56.8%
2002 $421.0 billion 4.0% $6.25 trillion 59.1%
2003 $555.0 billion 5.1% $6.80 trillion 61.8%
2004 $596.0 billion 5.1% $7.40 trillion 63.1%
2005 $553.5 billion 4.4% $7.95 trillion 63.7%
2006 $536.5 billion 4.1% $8.50 trillion 64.3%
2007 $500.5 billion 3.6% $9.00 trillion 64.8%
2008 $1,017 billion 7.1% $10.0 trillion 69.6%
2009 $1,885 billion 13.4% $11.9 trillion 84.5%
2010 $1,652 billion 11.4% $13.6 trillion 93.5%
2011 (1st Q) $463.5 billion $14.0 trillion ~96.5%

http://en.wikipedia.orgwiki/Balanced_Budget_Amendment

 

 

 

 

Sen Paul and DeMint at CR Rally

 

Mike Pence at Continuing Revolution Rally

 

 

 

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

 

 

Advice to Tea Partiers

 

Debt Ceiling Balanced Budget

 

New Tea Party Senator will push for balance budget amendment

 

Today’s Fight is Not the Main Event

Details on the Balanced Budget Amendment

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

 

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

 

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

 

Hatch Introduces Balanced Budget Amendment

 

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

 

Inhofe Blasts Obama Budget and Federal Spending

 

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

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

http://www.treasurydirect.gov/govt/reports/pd/mspd/2011/opds032011.prn

 

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

Pronk Pops: Show 22: April 7, 2011: Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

Posted on April 6, 2011. Filed under: American History, Budgetary Policy, Business, Crime, Culture, Economics, Education, Federal Government, Fiscal Policy, Government, Government Spending, History, Labor Economics, Monetary Policy, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Tax Policy, Unions, Videos, War, Wisdom | Tags: , , , , , , |

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

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

 

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk  Pops Podcast or Download Shows 10-15 

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

Johnny Mathis – The Twelfth Of Never

 

John Stossel talks budget battles w/ Nick Gillespie & Veronique de Rugy

 

Rand Paul – Trim the Fat: March 29, 2011

 

03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

 

Rand Paul Responds to Chuck Schumer: I’m For Balancing the Budget, Not Putting Boehner in a Box

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

 

Ryan Unveils Much Anticipated 2012 Budget Plan

 

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

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

 

The tea party movement’s budget would require the Federal Government to have a balanced or surplus budget in every fiscal year starting in 2012 with a declining national debt starting in Fiscal Year 2017.

 

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.

 

 

Summary of Outlays, Revenues (Receipts), Deficits, Surpluses

Fiscal Years 1980-2010

(Nominal Dollars in Millions)

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

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

Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2016

“…Historical Tables provides data on budget receipts, outlays, surpluses or deficits, Federal debt, and Federal employment over an extended time period, generally from 1940 or earlier to 2012 or 2016.

To the extent feasible, the data have been adjusted to provide consistency with the 2012 Budget and to provide comparability over time.

To download the Historical Tables as a single PDF, click here (360 pages, 3.2 MB) …”

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

Neither the Republican nor Democratic Party is capable of living within the means of the American people.

The political class or elites are not serious and do not understand the problem.

If they did they would have a sense of urgency which is lacking in both the Democratic and Republican proposed budgets.

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

The Republicans are proposing a budget for Fiscal Year 2012 of $3,618 billion compared with the President Obama’s $3,729 billion.

This results in a deficit of $995 billion for the Republican budget and $1,101 billion for President Obama’s budget.

As the above tables clearly show, neither party is capable of balancing the budget in the next ten years.

The above budgets are needed to support a warfare and welfare economy with a collectivist state.

The above budgets are not a pathway to a peace and prosperity economy with a constitutional republic.

The budget needs to be balanced starting in fiscal year 2012 at $2,500 billion or less.

The tea party movement demands that from here on out that all budgets be either balanced or in surplus with no tax increases.

Please do not tell me Congressman Ryan that the budget will me in primary balance by 2015.

Primary balance means you exclude interest on the national debt from expenditures or outlays.

A budget in primary balance is just a rather lame-duck president’s attempt to confuse the American people.

I am not confused or amused by President Obama totally irresponsible Fiscal Year 2012 budget proposal.

Nor am I impressed with the so-called path to a balanced budget and a path to prosperity for the United States economy.

The tea party movement does not want a path to prosperity but a jet plane ride to a balanced budget in Fiscal Year 2012 without any new taxes.

Start permanently shutting down ten Federal Departments before you even begin to think about cutting mandatory spending or entitlements including Social Security, Medicare and Medicaid.

The American people want the FairTax not the continuation of an overly complicated Federal Income taxation system even with a lower rate of 25% for individuals and corporations.

The FairTax: It’s Time

 

President Obama’s Fiscal Year 2012 budget gets a F and it will cost him his re-election.

The American people have no intention of getting in the Democratic Party’s car driven by Nancy Pelosi and Barack Obama:

The American people have no intention of getting on the Republican Party’s path to prosperity either.

The Republican Fiscal Year 2012 budget gets a D+.

Milton Friedman would give you a D-:

The American people demand fiscal responsibility or living within ones means for the Federal Government starting with the Fiscal Year 2012 Federal Government Budget.

The American people were listening when the Republican establishment’s leadership said they heard the American people.

Republicans roll out “Pledge to America”

 

Pledge to America Preamble

 

“Pledge to America” Unveiled by Republicans (Full Text)

http://www.cbsnews.com/8301-503544_162-20017335-503544.html

The Republican Pledge to America clearly stated that:

“We have a plan to impose fiscal discipline and cut government down to size.”

The Republican Pathway to Prosperity is that plan and it does not impose fiscal discipline nor does it cut down the size of the Federal Government.

Over the next ten fiscal years, there is not one single year in which the fiscal discipline of a balanced budget is met.

The Republican Pledge to America clearly stated that:

“With common-sense exceptions for seniors, veterans, and our troops, we will roll back government spending to pre-stimulus, pre-bailout levels, saving us at least $100 billion in the first year alone and putting us on a path to balance the budget and pay down the debt. We will also establish strict budget caps to limit federal spending from this point forward.”

For Fiscal Year 2008 the total actual outlays were $2,982 billion and total actual revenues or receipts from taxation were $2,523 billion for the U.S. Federal Government with a deficit of $458 billion.

The Republican Pathway to Prosperity proposes in Fiscal Year 2012 total estimated outlays of $3,529 billion and total estimated revenues of $2,533 billion resulting in a deficit of $997 billion.

The Republican Party establishment and leadership misled and lied to the American people and the tea party movement when it said it would “roll back government spending to pre-stimulus, pre-bailout levels.”

Both the Democratic and Republican Parties’ proposed U.S. Federal Government budgets are extremely dangerous for they generate increasing uncertainty among business owners and consumers as to where this ultimately leads the economy and nation.

“Extreme Spending”

 

The Republican establishment’s leadership in Washington D.C. needs to be replaced for they have refused to learn the lessons of the 2006 and 2008 elections and apparently need to learn another lesson in 2012.

If you are a tea party movement patriot challenge all House and Senate seats currently held by Republicans if they vote for this fiscally irresponsible and unbalanced budget for Fiscal Year 2012.

The tea party movement has been betrayed by the Republican Party leadership and establishment in Washington, D.C.

Dan Mitchell budget would get an A+.

It’s Simple to Balance The Budget Without Higher Taxes

 

Controlling Leviathan: The Battle for Limited Government

 

Question and Answer Session: The Fight Against Big Government

 

I didn’t leave the Republican Party, the Republican Party left me.

The independents and the tea party movement have given up on both political parties.

The Pathway to Prosperity is the Republican Party’s timid attempt to capture the independents and tea party movement.

No sale.

The tea party movement will not be pleased.

They will be leaving on a jet plane.

I will be voting for Ron Paul for President in 2012 and Michele Bachmann for Vice-President.

SA@TAC – Ron Paul’s Pledge to America

P.S. You really disappointed me Congressman Ryan, your proposal is neither bold nor timid, it is fiscally irresponsible and gutless.

While you talk the talk you do not walk the walk.

Suggest Paul Ryan talk to some Senators who understand the problem and what needs to be done now, namely balanced or surplus budgets until the National Debt is completely paid off.

Anything less is fiscally irresponsible.

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

ELVIS PRESLEY TWELVE OF NEVER

 

Related Posts On Pronk Palisades

Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–Videos

Ron Paul Tells The Truth–The Political Elites Are Not Serious About Cutting The Budget–The Coming Collapse Of The Dollar And Inflation–Videos

The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos

 

Read Full Post | Make a Comment ( 1 so far )

Pronk Pops: Show 22: April 7, 2011: Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Posted on April 5, 2011. Filed under: American History, Budgetary Policy, Business, College, Culture, Economics, Education, Federal Government, Fiscal Policy, Government, Government Spending, History, Labor Economics, Monetary Policy, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Radio, Tax Policy, Unions, Videos, Violence, War, Wisdom | Tags: , , , , , , , , |

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

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

Listen To Pronk Pops Podcast or Download Shows 22 Shows 22 (Part 2)

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk  Pops Podcast or Download Shows 10-15 

Listen To Pronk Pops Podcast or Download Shows 1-9


Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

“Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.”

“Sometimes the law defends plunder and participates in it. Thus the beneficiaries are spared the shame and danger that their acts would otherwise involve… But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them and gives it to the other persons to whom it doesn’t belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish that law without delay – No legal plunder; this is the principle of justice, peace, order, stability, harmony and logic.”
~ Frédéric Bastiat (The Law)
The Debt Clock

 

 

 

 

 

 

 

Ryan Unveils Much Anticipated 2012 Budget Plan


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

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

Paul Ryan – Years of Empty Promises

Beck talks to Paul Ryan about GOP Budget

Rush – Paul Ryan’s Budget Would Cut Four To Six Trillion Over Ten Years

Fox News Sunday – Next Move,Cutting Trillions 4/3/2011

 

Rep. Paul Ryan on Federal Deficits and Budget Talks – CBN.com

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

 

The Bush/Obama Years (Dan Mitchell)

 

Milton Friedman – The Free Lunch Myth

 

Dan Mitchell From The Cato Institute On Government Spending

The Empirical Evidence Against Big Government

Government spending is the problem and the tea party movement wants this problem solved now and not over the next five to ten years!

Either Congress and the Senate cuts government spending or the heads of politicians will be on the chopping block.

The American people will vote them out of office.

The Tea Party movement expects the Republican Party to propose a balanced budget starting with Fiscal Year 2012 and passage of the FairTax.

Anything less simply does not cut it.

This will require over a $1,000 billion cut in spending in Fiscal Year 2012 to around $2,500 billion in expenditures and estimated tax revenues of $2,500 billion.

It’s Simple to Balance The Budget Without Higher Taxes

 

 

As I expected the Republican Party establishment still does not get it and are living in the past.

A path to a balanced budget over five or ten years means continuing down the road to serfdom resulting in low economic growth and high unemployment rates of the welfare and warfare economy and collectivist state.

Time to turn-around and get on the superhighway to a peace and prosperity economy and constitutional republic by actually cutting Federal spending and reforming the Federal taxation system.

Start by permanently shutting down entire Federal Departments.

Instead of blaming the Democratic Party for shutting down the government, take credit for shutting Federal Departments permanently to save money and reduce the American people’s tax burden.

Embrace the shut-down and then extend it by cutting the salaries and benefits of all remaining government employees by 25%!

There Are too Many Bureaucrats and They Are Paid too Much

 

The Tea Party movement wants the Federal Government shut-down to save Social Security and Medicare and put it on a sound foundation where every American will have their own personal retirement account and health insurance plan that the individual owns and controls.

Everything should be on the chopping block.

No category of government spending is off the table including all entitlement programs and defense spending.

So called mandatory spending, namely entitlements, should have a budget!

Stop feeding the bureaucratic beast, start chopping.

Milton Friedman on Libertarianism (Part 4 of 4)

Shut-down the following Federal Departments permanently:

  1. Department of Agriculture (USDA)
  2. Department of Commerce (DOC)
  3. Department of Education (ED)
  4. Department of Energy (DOE)
  5. Department of Health and Human Services (HHS)
  6. Department of Homeland Security (DHS)
  7. Department of Housing and Urban Development (HUD)
  8. Department of Labor (DOL)
  9. Department of the Interior (DOI)
  10. Department of Transportation (DOT)
  11. Department of Veterans Affairs (VA)

The following Federal Departments will remain open with a 25% cut in staff and a 25% cut pay in benefits;

  1. Department of Defense (DOD)
  2. Department of Justice (DOJ)
  3. Department of State (DOS)
  4. Department of the Treasury

Have up and down video recorded votes for each Federal Department that requires each Representative and Senator to vote for the closing of each department.

Those Representatives and Senators who vote for the continuation of more than five Departments should be targeted for defeat in the next election.

The Tea Party movement will vote for those politicians who voted for closing ten or more Federal Departments.

Only then will the American people support those who want to reform and “save” Social Security and Medicare with personal retirement accounts and health insurance plans that the individuals owns and controls and not the Federal government.

Yes, entitlements are the real spending problem and will require real reform:

Social Security, a retrospective

Saving Social Security with Personal Retirement Accounts

 

Moving Forward On Entitlements: Dan Mitchell

Moving Forward on Entitlements: Douglas Holtz-Eakin

Moving Forward on Entitlements: Maya MacGuineas

Moving Forward on Entitlements: Steve Moore

Moving Forward on Entitlements: Panel Discussion

Five actions are required:

1. Limit the size and scope of the Federal Government by closing permanently eleven Federal Departments.

2. Pass the FairTax–a retail national sales consumption tax to replace all Federal taxes.

The FairTax: It’s Time

 

Dan Mitchell explains the fair tax

 

What is the FairTax legislation?

How does the FairTax rate compare to today’s?

3. Put all Federal entitlement programs on a sound foundation by making them individual owned and controlled by the individual and not the government–entitlement reform.

4. Balance the budget by limiting total Federal government spending to 80% of the previous year’s FairTax collections with the remaining 20% allocated to paying down the Federal debt.

5. A propaganda or if you prefer a marketing campaign to explain why the above is required.

Milton Friedman – The Social Security Myth

All five need to be accomplished during a three-year time frame from 2011 through 2013.

Only then will the United States economy transition from a low-growth rate and high unemployment warfare and welfare economy to a high growth rate full employment peace and prosperity economy.

Free Markets and Small Government Produce Prosperity

Time is running out.

Either the Congress and Senate acts or the American people will by voting both Democrats and Republicans out of office in 2012 and 2014.

The American people do not want a warfare and welfare economy.

The American people do not want a massive collectivist state.

The American people do not want a path to prosperity over ten years.

The American people want a peace and prosperity economy.

The American people want a constitutional republic that is limited in both scope and size.

The American people want a jet plane to peace and prosperity economy that takes off now.

Attend a tea party event in your community.

Join the Second American Revolution.

Background Articles and Videos

Paul Ryan and David Walker on Entitlements

 

GOP budget plan to cut more than $4 trillion

By Kevin McCoy, USA TODAY

“…In a Fox News Sundayappearance, Ryan said the GOP 2012 budget blueprint would exceed the $4 trillion in spending cuts previously recommended by a presidential debt commission “by cutting spending, reforming entitlements and growing our economy.”Instead of using changeable spending caps as a percentage of the economy, the plan would use budget caps set by law on the portion of the federal budget that is negotiated by Congress and the president each year, Ryan said. Republican proposals for the precise levels are still being discussed, he said.The plan would also lower federal tax rates and broaden the tax base, Ryan said. Decisions on specific tax changes, such as eliminating federal tax breaks for oil and gas companies, would come later, Ryan said.Discussing entitlements, he said the plan would change Medicare, the federal health care plan for seniors, by creating a “premium support” system that allows seniors “to pick the (private health) plan of their choosing, and then Medicare subsidizes that plan.”However, the plan would allow Americans who are now 55 and older to keep the current Medicare programs.”By addressing the drivers of the debt now, we do it in a gradual way,” Ryan said. “We can guarantee the mission of health and retirement security, not just for current generations, but for future generations.” …”

http://www.usatoday.com/news/washington/2011-04-04-Budget04_ST_N.htm

 

Related Posts On Pronk Palisades

Ron Paul Tells The Truth–The Political Elites Are Not Serious About Cutting The Budget–The Coming Collapse Of The Dollar And Inflation–Videos

The Washington Political Elites of Both Parties Are Not Serious About Balancing The Federal Budget And Funding Entitlement Liabilities–Send In The Clowns–Don’t Bother There Here–Videos



Paul Ryan Budget

The Path To Prosperity: Restoring America’s Promise





 

S

Where the President has failed, House Republicans will lead. This budget helps spur job creation today,
stops spending money the government doesn’t have, and lifts the crushing burden of debt. This plan puts the budget on the path to balance and the economy on the path to prosperity.

KEY FACTS

SPENDING

  • Cuts $6.2 trillion in government spending over the next decade compared to the President’s budget, and $5.8 trillion relative to the current-policy baseline.
  • Eliminates hundreds of duplicative programs, reflects the ban on earmarks, and curbs corporate welfare bringing non-security discretionary spending to below 2008 levels.
  • Brings government spending to below 20 percent of the economy, a sharp contrast to the President’s budget, in which spending never falls below 23 percent of GDP over the next decade.
DEBT AND DEFICITS

  • Reduces deficits by $4.4 trillion compared to the President’s budget over the next decade.
  • Surpasses the President’s low benchmark of sustainability – which his own budget fails to meet – by reaching primary balance in 2015.
  • Puts the budget on the path to balance and pays off
    • the debt.

TAXES

  • Keeps taxes low so the economy can grow. Eliminates roughly $800 billion in tax increases imposed by the President’s health care law. Prevents the $1.5 trillion tax increase called for in the President’s budget.
  • Calls for a simpler, less burdensome tax code for households and small businesses. Lowers tax rates for individuals, businesses and families. Sets top rates for individuals and businesses at 25 percent. Improves incentives for growth, savings, and investment.
GROWTH AND JOBS

  • Creates nearly 1 million new private-sector jobs next year, brings the unemployment rate down to 4 percent by 2015, and results in 2.5 million additional private-sector jobs in the last year of the decade.
  • Spurs economic growth, increasing real GDP by $1.5 trillion over the decade.
  • Unleashes prosperity and economic security, yielding $1.1 trillion in higher wages and an average $1,000 per year in higher income for each family.

KEY OBJECTIVES

  • ECONOMIC GROWTH AND JOB CREATION

  • : Fosters a better environment for private-sector job creation by lifting debt-fueled uncertainty and advancing pro-growth tax reforms.

  • SPENDING CUTS AND CONTROLS:
  • Stops Washington from spending money it does not have on government programs that do not work. Locks in spending cuts with spending controls.
  • REAL SECURITY: Fulfills the mission of health and retirement security for all Americans by making the ough decisions necessary to save critical health and retirement programs.
  • PATIENT-CENTERED HEALTH CARE: Repeals and defunds the President’s health care law, advancing instead common-sense solutions focused on lowering costs, expanding access and protecting the doctor-patient relationship.
  • RESTORING AMERICA’S EXCEPTIONAL PROMISE
  • : Tackles the existential threat posed by rapidly growing government and debt, applying the nation’s timeless principles to this generation’s greatest challenge. Ensures that the next generation inherits a stronger, more prosperous America.

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

     

     

     

     

     

     

    S

     

     

    Where the President has failed, House Republicans will lead. This budget helps spur job creation today,
    stops spending money the government doesn’t have, and lifts the crushing burden of debt. This plan puts the budget on the path to balance and the economy on the path to prosperity.

    KEY FACTS

    SPENDING

    • Cuts $6.2 trillion in government spending over the next decade compared to the President’s budget, and $5.8 trillion relative to the current-policy baseline.
    • Eliminates hundreds of duplicative programs, reflects the ban on earmarks, and curbs corporate welfare bringing non-security discretionary spending to below 2008 levels.
    • Brings government spending to below 20 percent of the economy, a sharp contrast to the President’s budget, in which spending never falls below 23 percent of GDP over the next decade.
    DEBT AND DEFICITS

    • Reduces deficits by $4.4 trillion compared to the President’s budget over the next decade.
    • Surpasses the President’s low benchmark of sustainability – which his own budget fails to meet – by reaching primary balance in 2015.
    • Puts the budget on the path to balance and pays off
      • the debt.

    TAXES

    • Keeps taxes low so the economy can grow. Eliminates roughly $800 billion in tax increases imposed by the President’s health care law. Prevents the $1.5 trillion tax increase called for in the President’s budget.
    • Calls for a simpler, less burdensome tax code for households and small businesses. Lowers tax rates for individuals, businesses and families. Sets top rates for individuals and businesses at 25 percent. Improves incentives for growth, savings, and investment.
    GROWTH AND JOBS

    • Creates nearly 1 million new private-sector jobs next year, brings the unemployment rate down to 4 percent by 2015, and results in 2.5 million additional private-sector jobs in the last year of the decade.
    • Spurs economic growth, increasing real GDP by $1.5 trillion over the decade.
    • Unleashes prosperity and economic security, yielding $1.1 trillion in higher wages and an average $1,000 per year in higher income for each family.

    KEY OBJECTIVES

    • ECONOMIC GROWTH AND JOB CREATION

    • : Fosters a better environment for private-sector job creation by lifting debt-fueled uncertainty and advancing pro-growth tax reforms.

    • SPENDING CUTS AND CONTROLS:
    • Stops Washington from spending money it does not have on government programs that do not work. Locks in spending cuts with spending controls.
    • REAL SECURITY: Fulfills the mission of health and retirement security for all Americans by making the ough decisions necessary to save critical health and retirement programs.
    • PATIENT-CENTERED HEALTH CARE: Repeals and defunds the President’s health care law, advancing instead common-sense solutions focused on lowering costs, expanding access and protecting the doctor-patient relationship.
  • RESTORING AMERICA’S EXCEPTIONAL PROMISE
  • : Tackles the existential threat posed by rapidly growing government and debt, applying the nation’s timeless principles to this generation’s greatest challenge. Ensures that the next generation inherits a stronger, more prosperous America.

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

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    UMMARY OF THE FISCAL YEAR 2012 BUDGET R

    ESOLUTION

     

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

    « Previous Entries

    Liked it here?
    Why not try sites on the blogroll...