Pronk Pops Show 26, May 5, 2011: Segment 1: How Did Bin Laden Bankrupt America?–Was Osama Bin Landen Executed For Bankrupting America?–Yes, President Obama Wants The Credit For Bankrupting America!–Videos

Posted on May 3, 2011. Filed under: American History, Budgetary Policy, Economics, Federal Government, Fiscal Policy, Government, Government Spending, History, Monetary Policy, Philosophy, Politics, Tax Policy, Videos, Violence, War | Tags: , , , |

Pronk Pops Show 26:May 5, 2011

Pronk Pops Show 25: April 26, 2011

Pronk Pops Show 24: April 19, 2011

Pronk Pops Show 23: April 12, 2011

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

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

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

“We are continuing this policy in bleeding America to the point of bankruptcy.

Allah willing, and nothing is too great for Allah,”

~Osama bin Laden

 

Judge Napolitano This Week

 

Osama Bin Laden- A Timeline

 

Osama bin Laden Part 1

Osama bin Laden Part 2

 

Osama bin Laden Part 3
Osama bin Laden Part 4

Osama bin Laden Part 5

 

 September 11, 2001 – As It Happened – The South Tower Attack

Bin Laden leaves US bankrupt

Ron Paul on Afghanistan: Osama Bin Laden and the Russians must be laughing at us – 9/14/2009

Stop Spending Our Future – The Crisis

Burning Down The House: What Caused Our Economic Crisis? Bombshell


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

United States: Total Cost of Wars Since 2001


How Bin Ladin Bankrupted America

Did Bin Laden Bring America To Its Knees? – Ron Paul

Gerald Celente: Obama bankrupting America (RT)

Ron Paul: The Country Is Bankrupt and Congress Won’t Admit It

Ron Paul: Bin Laden Death Raises More Questions

U.S. Debt Clock

http://www.usdebtclock.org/

U.S. Debt Rating Drops to “Negative”

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

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

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

Ryan Unveils Much Anticipated 2012 Budget Plan

 

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)

Gross and Net National Debt of The United States of America


End
of
Fiscal
Year
Gross
Debt in
$Billions
undeflated
Treas.[70]
Gross
Debt in
$Billions
undeflated
OMB[89][91]
as %
of GDP
Low-High est.
or a – Treas.
audit
Debt
Held By
Public
($Billions)
as %
of GDP
(Treas/MW,
OMB or
Treas/BEA)
GDP
$Billions
OMB/BEA[4]
est.=MW.com
1910 2.653   8.0 2.653 8.0 est. 32.8
1920 25.95   29.2 25.95 29.2 est. 88.6
1927 [92] 18.51   19.2 18.51 19.2 est. 96.5
1930 16.19   16.6 16.19 16.6 est. 97.4
1940 42.97 50.70 44.4-52.4 42.97 42.1 96.8/
1950 257.3 256.9 91.2-94.2 219.0 80.2 273.1/281.7
1960 286.3 290.5 54.6-56.0 236.8 45.6 518.9/523.9
1970 370.9 380.9 36.2-37.6 283.2 28.0 1,013/1,026
1980 907.7 909.0 33.4 711.9 26.1 2,724
1990 3,233 3,206 56.0-56.4 2,412 42.1 5,735
2000 (a1)5,674 5,629 a57.6 3,410 34.7 9,821
2001 (a2)5,807 5,770 a56.6 3,320 32.5 10,225
2002 (a3)6,228 6,198 a59.0 3,540 33.6 10,544
2003 (a)6,783 6,760 a61.8 3,913 35.6 10,980
2004 (a)7,379 7,355 a63.2 4,296 36.8 11,686
2005 (a4)7,933 7,905 a63.6 4,592 36.9 12,446
2006 (a5)8,507 8,451 a64.0 4,829 36.5 13,255
2007 (a6)9,008 8,951 a64.8 5,035 36.2 13,896
2008 (a7)10,025 9,986 a69.6 5,803 40.2 14,394
2009 (a8)11,910 11,876 a~84.4 7,552 53.6 ~14,098
2010 (a9)13,562 13,529 a~93.4 9,023 62.2 ~14,508/14,512
Year Gross Debt in Billions undeflated[11] as % of GDP Debt Held By Public ($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.

 

bin Laden – Why Kill Him Now?

CommieTunes – OBAMA’s END GAME REVEALED – Obama Socialist / Communist / Marxist / Maoist


Ron Paul on Bin Laden’s Capture

Ron Paul on Terrorism

(2007) Ron Paul: Undeclared War Supported by Increasing Tax.

Classic Ron Paul: “Osama bin Laden was our good friend because he was a freedom fighter”

Bankrupting Us is The Goal!! – Alex Jones Tv 1/3

Bankrupting Us is The Goal!! – Alex Jones Tv 2/3

Bankrupting Us is The Goal!! – Alex Jones Tv 3/3

PNAC Exposed – The New American Century (Full Length)

What bin Laden wanted to do was bankrupt the U.S.A

May 3rd, 2011
“… according to Gartenstein-Ross, had a strategy that we never bothered to understand, and thus that we never bothered to defend against. What he really wanted to do — and, more to the point, what he thought he could do — was bankrupt the United States of America. After all, he’d done the bankrupt-a-superpower thing before. And though it didn’t quite work out this time, it worked a lot better than most of us, in this exultant moment, are willing to admit.Bin Laden’s transition from scion of a wealthy family to terrorist mastermind came in the 1980s, when the Soviet Union was trying to conquer Afghanistan. Bin Laden was part of the resistance, and the resistance was successful — not only in repelling the Soviet invasion, but in contributing to the Communist super-state’s collapse a few years later. “We, alongside the mujaheddin, bled Russia for 10 years, until it went bankrupt,” he later explained.

The campaign taught bin Laden a lot. For one thing, superpowers fall because their economies crumble, not because they’re beaten on the battlefield. For another, superpowers are so allergic to losing that they’ll bankrupt themselves trying to conquer a mass of rocks and sand. This was bin Laden’s plan for the United States, too.

“He has compared the United States to the Soviet Union on numerous occasions — and these comparisons have been explicitly economic,” Gartenstein-Ross argued in a Foreign Policy article. “For example, in October 2004 bin Laden said that just as the Arab fighters and Afghan mujaheddin had destroyed Russia economically, al Qaeda was now doing the same to the United States, ‘continuing this policy in bleeding America to the point of bankruptcy.’?”

For bin Laden, in other words, success was not to be measured in body counts. It was to be measured in deficits, in borrowing costs, in investments we weren’t able to make in our country’s continued economic strength. And by those measures, bin Laden landed a lot of blows.

Nobel laureate Joseph Stiglitz estimates that the price tag on the Iraq War alone will surpass $3 trillion. Afghanistan likely amounts to another trillion or two. Add in the build-up in homeland security spending since 9/11 and you’re looking at another trillion. And don’t forget the indirect costs of all this turmoil: The Federal Reserve, worried about a fear-induced recession, slashed interest rates after the attack on the World Trade Center, and then kept them low to combat skyrocketing oil prices, a byproduct of the war in Iraq. That decade of loose monetary policy may well have contributed to the credit bubble that crashed the economy in 2007 and 2008.

Then there’s the post-9/11 slowdown in the economy, the time wasted in airports, the foregone returns on investments we didn’t make, the rise in oil prices as a result of the Iraq War, the cost of rebuilding Ground Zero, health care for the first responders and much, much more.

But it isn’t quite right to say bin Laden cost us all that money. We decided to spend more than a trillion dollars on homeland security measures to prevent another attack. We decided to invade Iraq as part of a grand, post-9/11 strategy of Middle Eastern transformation. We decided to pass hundreds of billions of dollars in unpaid-for tax cuts and add an unpaid-for prescription drug benefit in Medicare while we were involved in two wars. And now, partially though not entirely because of these actions, we are deep in debt. Bin Laden didn’t — couldn’t — bankrupt us. He could only provoke us into bankrupting ourselves. And he came pretty close…”

http://investmentwatchblog.com/what-bin-laden-wanted-to-do-was-bankrupt-the-u-s-a/


Egypt’s al-Zawahri likely to succeed bin Laden

By LEE KEATH and HAMZA HENDAWI
Associated Press

“…For years, Osama bin Laden’s charisma kept al-Qaida’s ranks filled with zealous recruits.

But it was the strategic thinking and the organizational skills of his Egyptian right hand man that kept the terror network together after the United States invaded Afghanistan in 2001 and pushed al-Qaida out.

With Bin Laden killed, Ayman al-Zawahri becomes the top candidate for the world’s top terror job.

It’s too early to tell how exactly al-Qaida would change with its founder and supreme mentor gone, but the group under al-Zawahri would likely be further radicalized, unleashing a new wave of attacks to avenge bib Laden’s killing by U.S. troops in Pakistan on Monday to send a message that it’s business as usual.

Al-Zawahri’s extremist views and his readiness to use deadly violence are beyond doubt.

In a 2001 treatise, “Knights Under the Prophet’s Banner,” he set down the longterm strategy for the jihadi movement _ to inflict “as many casualties as possible” on the Americans, while trying to establish control in a nation as a base “to launch the battle to restore the holy caliphate” of Islamic rule across the Muslim world.

Unlike bin Laden who found his Jihadist calling as an adult, al-Zawahri’s activism began when he was in his mid-teens, establishing his first secret cell of high school students to oppose the Egyptian government of then President Anwar Sadat he viewed as infidel for not following the rule of God.

The doors of jihad opened for him when, as a young doctor, a visitor came to him with an offer to travel to Afghanistan to treat Islamic fighters battling Soviet forces. His 1980 trip to the Afghan war zone _ only a few months long but the first of many _ opened his eyes to a whole new world of possibilities.

What he saw there, he was to write 20 years later, was “the training course preparing Muslim mujahideen youth to launch their upcoming battle with the great power that would rule the world: America.”

The bond between al-Zawahri and bin Laden began in the late 1980s, when al-Zawahri reportedly treated the Saudi millionaire-turned-jihadist in the caves of Afghanistan as Soviet bombardment shook the mountains around them. The friendship laid the foundation for the al-Qaida terror network, which carried out the Sept. 11, 2001 suicide airplane hijackings that sparked the U.S. invasion of Afghanistan later that year.

The attacks on the World Trade Center and Pentagon made bin Laden Enemy No. 1 to the United States. But he likely could never have carried it out without al-Zawahri. Bin Laden provided al-Qaida with the charisma and money, but al-Zawahri brought the ideological fire, tactics and organizational skills needed to forge disparate militants into a network of cells in countries around the world.

“Al-Zawahri was always bin Laden’s mentor, bin Laden always looked up to him,” says terrorism expert Bruce Hoffman of Georgetown University. …”


http://www.wtop.com/?nid=931&sid=2366696

Bin Laden’s daughter confirms her father shot dead by US Special Forces in Pakistan

Wednesday, 04 May 2011

By MUSHTAQ YUSUFZAI
Special to Al Arabiya

“…Senior Pakistani security officials said Osama bin Laden’s daughter had confirmed her father was captured alive and shot dead by the US Special Forces during the first few minutes of the operation carried out at the huge compound in Bilal Town, Abbottabad.

Besides recovering four bullet-riddled bodies from the compound, Pakistani security agencies also arrested two women and six children, aged between 2 and 12 years, after American forces flew toward Afghanistan. Some reports suggest 16 people, including women and children, were arrested from the house, most of them Arab nationals.

A Pakistani security source told Al Arabiya that Bin Laden family members had been transported to Rawalpindi, which is near Islamabad. He added, “They are now under treatment in the military hospital of Rawalpindi, where they have been transported in an helicopter.” A source told Al Arabiya that Bin Laden’s had been injured either in her leg or her shoulder.

He added that the members of the household were children and Bin Laden’s wife, in addition to a Yemeni woman. He added that the woman might be the personal doctor of the family. Bin Laden was known to be afflicted with renal failure.Sources speculated that US Forces could not arrest these family members because there weren’t enough places for them in the helicopter, after they lost another chopper during the operation.

About the slain woman: officials said she could either be Bin Laden’s wife or a close family member since she offered to sacrifice her life for him. “As per our information, she shielded Bin Laden during the operation and was killed by American commandos,” an official said.

The US Special Forces only took two bodies with them in the military chopper; one is said to be Bin Laden’s and the other his son’s. By the time Pakistani security agencies and soldiers arrived at the spot, the US commandos were flying over the mountains in the Pakistani tribal belt, well on their way to Afghanistan.

Sources said one of the two women taken into custody from the compound by Pakistani forces was one of Osama bin Laden’s several wives.

“She is Yemeni and became unconscious during the operation,” said an official. Pleading anonymity, he said the woman was provided necessary medical aid till she became conscious.

“During preliminary investigations, the lady said they moved to the Abbottabad house five to six months ago,” the Pakistani official said, adding that she did not provide further information about bin Laden or his shifting to the house.

The official said a 12-year-old daughter of bin Laden was among the six children rescued from the three-storey compound.

The daughter has reportedly told her Pakistani investigators that the US forces captured her father alive but shot him dead in front of family members.

According to sources, Bin Laden was staying on the ground floor of the house and was dragged on the floor to the helicopter after being shot dead by US commandos.

There were conflicting reports about the second person the US forces took along with them. Some Pakistani officials say it was one of Bin Laden’s sons injured by the US commandos and thrown onto a separate military chopper; others say he was killed in the operation and it was only his dead body that they took along.

The officials say not all children rescued from the house belonged to the al-Qaeda leader. All were being kept at a safe place. The US has not been given access to the detained women and children, the officials claimed. About the second woman, many officials feel she could be a close relative of Osama or his servant.

Similarly, according to information Pakistani officials collected from detained persons, Osama was neither armed nor did inmates at the compound fire at the US choppers or commandos.

“Not a single bullet was fired from the compound at the US forces and their choppers. Their chopper developed some technical fault and crashed and the wreckage was left on the spot,” a well-informed official explained.
Meanwhile, Pakistani security forces maintained a cordon around the compound and its surrounding areas and did not allow the media access to the area until the remaining wreckage of the US military chopper was removed. Some media were given access to the spot but no one was allowed to enter the compound.

 

Bin Laden lived in Pakistan compound 5-6 years

“…Osama bin Laden lived for the past five to six years in the compound deep inside Pakistan where the al Qaeda leader was killed by U.S. forces, President Barack Obama’s counterterrorism adviser said on Tuesday.

Bin Laden, who was living in Afghanistan before a 2001 U.S.-led invasion helped topple its Taliban regime, was holed up in a compound in the military garrison town of Abbottabad in Pakistan before Sunday’s operation to kill him.

“Well I think the latest information is that he was in this compound for the past five or six years and he had virtually no interaction with others outside that compound. But yet he seemed to be very active inside the compound,” White House counterterrorism chief John Brennan said on the CBS Early Show program.

“And we know that he had released videos and audios. We know that he was in contact with some senior al Qaeda officials,” Brennan added.

“So what we’re trying to do now is to understand what he has been involved in over the past several years, exploit whatever information we were able to get at the compound and take that information and continue our efforts to destroy al Qaeda,” Brennan added.

The fact that the al Qaeda chief had lived in the compound for such a long time has prompted some U.S. lawmakers to demand a review of the billions of dollars in aid the United States provides Pakistan, which is fighting a Taliban insurgency. …”

http://ca.news.yahoo.com/bin-laden-lived-pakistan-compound-5-6-years-114333796.html

White House modifies Osama bin Laden account

“…The White House backed away Monday evening from key details in its narrative about the raid that killed Osama bin Laden, including claims by senior U.S. officials that the Al Qaeda leader had a weapon and may have fired it during a gun battle with U.S. forces.

Officials also retreated from claims that one of bin Laden’s wives was killed in the raid and that bin Laden was using her as a human shield before she was shot by U.S. forces.

At a televised White House briefing Monday afternoon, Deputy National Security Adviser John Brennan said bin Laden joined in the fight that several residents of the Abbottabad, Pakistan, compound put up against the Navy SEALs during the 40-minute operation.

“He [bin Laden] was engaged in a firefight with those that entered the area of the house he was in. And whether or not he got off any rounds, I quite frankly don’t know,” Brennan said.

At a Pentagon briefing earlier in the day, a senior defense official said bin Laden used a woman as a human shield so he could fire shots. “He was firing behind her,” the official said.

In another background briefing early Monday morning, a senior administration official also said bin Laden put up a fight. “He did resist the assault force. And he was killed in a firefight,” the official said.

However, during a background, off-camera briefing for television reporters later Monday, a senior White House official said bin Laden was not armed when he was killed, apparently by the U.S. raid team.

Another White House official familiar with the TV briefing confirmed the change to POLITICO, adding, “I’m not aware of him having a weapon.”

“The bottom line is the team that entered that room was met with resistance and took appropriate action,” said a third American official.

The White House on Monday night declined to elaborate on the nature of the resistance bin Laden allegedly put up. However, an official confirmed that the Al Qaeda founder was shot twice, once in the head and once in the chest. …”

Read more: http://www.politico.com/news/stories/0511/54162.html#ixzz1LIVooAiv

Background Articles and Videos

Al Qaeda Doesn’t Exist (Documentary) – 1

Al Qaeda Doesn’t Exist (Documentary) – 2

BBC: al Qaeda Does Not Exist

 

Bin Laden Footage

 

Zawahiri on 9/11 and the 19 martyrs

How Did Osama Bin Laden Escape

 

Obama Warns Not To Challenge Official 9/11 Story

Related Posts On Pronk Palisades

Is WordPress Censoring My Post Entitled: An Affront and Threat To The American People–The Ground Zero Mosque–Remembering 9/11 and The Unknown Falling Man–Videos

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