Archive for July, 2011

Pronk Pops Shows 1-38–Podcasts Or Download–Give It A Listen–Videos

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Raymond Thomas Pronk’s Podcasts

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Listen To Pronk Pops Podcast or Download Shows 38-

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

Give it a listen!

Pronk Pops Show 38

July 27, 2011 03:17 PM PDT

Pronk Pops Show 38, July 27, 2011

Segment 0: Tea Party Democrats, Republicans, and Independents Betrayed–Tell The Democratic and Republican Establishments To Balance The Budget and Cut The Debt Ceiling–Just Say No To Obama, Reid, Boehner and Ryan Unbalanced Budgets–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/27/pronk-pops-show-38-july-27-2011-segment-0-tea-party-democrats-republicans-and-independents-betrayed-tell-the-democratic-and-republican-establishments-to-balance-the-budget-and-cut-the-debt-ceil/

Segment 1: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/27/pronk-pops-show-38-july-27-2011-segment-1-segment-1-it%E2%80%99s-time-for-a-permanent-prevasive-and-predictable-stimulus-package%E2%80%93the-fairtax%E2%80%93launching-a-peace-and-prosperity-econ/

Pronk Pops Show 37

July 21, 2011 03:44 PM PDT

Pronk Pops Show 37, July 21, 2011, Part 1

Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

For Additional Information and Videos

https://pronkpops.wordpress.com/2011/07/18/pronk-pops-show-37-july-20-2011-segment-0-president-obama-lies-and-scares-people-on-social-security-stop-spending-and-balance-the-budget-videos/

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

For Additional Information and Videos

https://pronkpops.wordpress.com/2011/07/18/pronk-pops-show-37-july-20-2011-segment-1-the-american-people%E2%80%99s-solution-to-economic-stagnation-increase-national-debt-ceiling-by-2000-billion-to-16300-billion-in-exchange-for-passage/

Part 2 Segments 2, 3 and 4 will be broadcast next Wednesday, July 27, 2011 from 3-5pm and posted on Thursday, July 28, 2011

Pronk Pops Show 36

July 13, 2011 04:23 PM PDT

Pronk Pops Show 36, July 13, 2011

Segment 0: Lipstick On A Pig–Great Obama Depression– Deeper and Longer–Official U-3 Unemployment Rate Hits 9.2% In June 2011 With 14 Million Unemployed and Total Unemployment Rate U-6 Hits 16.2% With Over 24.8 Million Americans Seeking Full Time Job–Obama Is Not Working–2012–End An Error!–Fire Obama–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-13-2011-segment-0-lipstick-on-a-pig-great-obama-depression-deeper-and-longer-official-u-3-unemployment-rate-hits-9-2-in-june-2011-with-14-million-unemployed-and-total-u/?preview=true&preview_id=1359&preview_nonce=35f48d29ca

Segment 1: Gretchen Morgenson & Joshua Rosner–Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led To Economic Armageddon–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-13-2011-segment-1-gretchen-morgenson-joshua-rosner-reckless-endangerment-how-outsized-ambition-greed-and-corruption-led-to-economic-armageddon-videos/?preview=true&preview_id=1370&preview_nonce=a92ff3f2ca

Segment 2: Jim Rogers, Peter Schiff, Marc Farber and Ron Paul On The National Debt Ceiling and Balancing The Budget–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-3-2011-segment-2-ron-paul-on-the-national-debt-ceiling-and-balancing-the-budget-videos/?preview=true&preview_id=1377&preview_nonce=51b47fd93e

Segment 3: Obama’s Gungate: Operation Fast and Furious–Arming Mexican Drug Cartels and Criminals–Killing American and Mexican Citizens–A Pretext For The Ultimate Aim of Disarming The American People and Repealing the Second Amendment–Department of Justice, Department of Homeland Security, FBI, BATFE, ICE and DEA Coverup and Stonewalling–Call For Special Prosecutor–President Obama and Attorney General Holder Should Be Impeached For Obstruction of Justice–Videos–Updated

For additional information and videos:

https://pronkpops.wordpress.com/2011/07/12/pronk-pops-show-36-july-13-2011-segment-3-obamas-gungate-operation-fast-and-furious-arming-mexican-drug-cartels-and-criminals-killing-american-and-mexican-citizens-a-pretext-for-the-ultimate/?preview=true&preview_id=1366&preview_nonce=811986bc80

Segment 4: Ron Paul won’t seek re election for Congress–Why? Can You Say–President Ron Paul–Vote For A Committed and Principled Constitutionalist–The Peace and Prosperity Candidate For President–Ron Paul–Videos

For additional information and videos:
https://pronkpops.wordpress.com/2011/07/13/pronk-pops-show-36-july-13-2011-segment-4-ron-paul-won%E2%80%99t-seek-re-election-for-congress%E2%80%93why-can-you-say%E2%80%93president-ron-paul%E2%80%93vote-for-a-committed-and-principled-const/?preview=true&preview_id=1406&preview_nonce=16c661faf2

Pronk Pops Show 35

July 06, 2011 03:44 PM PDT

Pronk Pops Show 35, July 6, 2015

Segment 0: The Meaning of Independence Day–Videos

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-6-2011-segment-0-the-meaning-of-independence-day-videos/?preview=true&preview_id=1327&preview_nonce=d099da9d31

Segment 1: The Legal Standard In A Murder Case: Prove It Beyond A Reasonable Doubt–Suspicion And Opinion Is Not Enough–Casey Anthony Murder Case–Not Guilty–Videos

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-5-2011-segment-1-the-legal-standard-in-a-murder-case-prove-it-beyond-a-reasonable-doubt-suspicion-and-opinion-is-not-enough-casey-anthony-murder-case-not-quilty-videos/

Segment 2: George Bureau of Investigations Finds Atlanta School Teachers and Principals Cheating Scandal:Raised Students Scores On Tests –Government Corrupt Schools–

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-6-2011-segment-2-george-bureau-of-investigations-finds-atlanta-school-teachers-and-principals-cheating-scandalraised-students-scores-on-tests-government-corrupt-schools/

Segment 3: Obama’s Marxist Class Warfare On Millionaires and Billionaires–Tax The Job Creators–President’s Unbalanced Budget Would Result In A Big $1,100 Billion Deficit In Fiscal Year 2012–This Is Obama’s So-Called Balanced Approach–Obama Is Not Working–Fire Obama Right Now!–Videos

For additional information and Videos:

https://pronkpops.wordpress.com/2011/07/06/pronk-pops-show-35-july-6-2011-segment-3-obamas-marxist-class-warfare-on-millionaires-and-billionaires-tax-the-job-creators-presidents-unbalanced-budget-would-result-in-a-big-1100-billion/

Pronk Pops Show 34

June 29, 2011 03:38 PM PDT

Pronk Pops Show 34, June 29, 2011

Segment 0: Sexist Elitist Chris Wallace Asks Michele Backmann Are You A Flake?–Chris, Are You A Wimp?–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/29/pronk-pops-show-34-june-29-2011-segment-0-sexist-elitist-chris-wallace-asks-michele-backmann-are-you-a-flake-chris-are-you-a-wimp-videos/?preview=true&preview_id=1287&preview_nonce=d47e8281df

Segment 1: Is Ron Paul An Isolationist–No–He Is For Free Trade and A Nonterventionist Foreign Policy–Are The NeoCons Warmongers–Yes–Aggressive Interventionist Foreign Policy–Empire or Nation Building!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/29/pronk-pops-show-34-june-29-2011-segment-1-is-ron-paul-an-isolationist-no-he-is-for-free-trade-and-a-nonterventionist-foreign-policy-are-the-neocons-warmongers-yes-aggressive-interventist-fore/?preview=true&preview_id=1295&preview_nonce=17ff44ad0c

Segment 2: Cut, Cap, And Balance Pledge–The Washington D.C. Howdy Doody Debt Ceiling Show–“Say Kids What Time Is It?”–Howdy Doody Time–Fiscal Year 2020 Balanced Budget Time–Not Serious–Send In The Clowns–There Already There!– Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/29/pronk-pops-show-34-june-29-2011-segment-2-cut-cap-and-balance-pledge-the-washington-d-c-howdy-doody-debt-ceiling-show-say-kids-what-time-is-it-howdy-doody-time-fiscal-year-2020-balance/

Pronk Pops Show 33

June 22, 2011 03:21 PM PDT

Pronk Pops Show 33, June 22, 2011

Segment 0: Jon Huntsman Launches 2012 Candidacy for President At Liberty Park–Should Become A Democrat Like John V. Lindsay And Run Against President Obama in 2012!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/21/pronk-pops-show-june-22-2011-segment-0-jon-huntsman-launches-2012-candidacy-for-president-at-liberty-park%e2%80%93should-become-a-democrat-like-john-v-lindsay-and-run-against-president-obama-in-2/

Segment 1: Republican Candidates For President Romney, Cain, and Johnson Refuse To Sign Pro-Life Citizen’s Pledge–While Sarah Palin’s Trig’s Creator E-Mail Moves Millions–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/21/pronk-pops-show-june-22-2011-segment-1-republican-candidates-for-president-romney-cain-and-johnson-refuse-to-sign-pro-life-citizens-pledge-while-sarah-palins-trigs-creator-e-mail-moves-mi/

Segment 2: Rick Perry/Sarah Palin Republican Establishment Candidate Ticket vs. Ron Paul/Michele Bachmann Republican Constitutional Candidate Ticket for the 2012 Presidential Race–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/22/pronk-pops-show-33-june-22-2011-segment-2-rick-perrysarah-palin-republican-establishment-candidate-ticket-vs-ron-paulmichele-bachmann-republican-constitutional-candidate-ticket-for-the-2012-pr/

Segment 3: The Next President Of The United States Tells Truth To Power At Republican Leadership Conference–Great Speech!

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/22/pronk-pops-show-33-june-22-2011-segment-3-the-next-president-of-the-united-states-tells-truth-to-power-at-republican-leadership-conference-great-speech/

Segment 4: Bloomberg Poll Bad News For Obama–Only 30% Certain They Will Vote For Obama in 2012!–66% Think Country On The Wrong Track!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/22/pronk-pops-show-33-june-22-2011-segment-4-bloomberg-poll-bad-news-for-obama-only-30-certain-they-will-vote-for-obama-in-2012-66-think-country-on-the-wrong-track-videos/

Pronk Pops Show 32

June 15, 2011 03:10 PM PDT

Pronk Pops Show 32, June 15, 2011

Segment 0: Money, Organization, Message, Momentum, Ambition–MOMMA–You Need MOMMA To Win A Presidential Race!–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june-15-2011-segment-0-money-organization-message-momentum-ambition-momma-you-need-momma-to-win-a-presidential-race-videos/?preview=true&preview_id=1173&preview_nonce=d056ccee9f

Segment 1: Republican Presidential Debate In New Hampshire June 13, 2011–American People The Winner–Obama The Loser–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june-15-2011-segment-1-republican-presidential-debate-in-new-hampshire-june-13-2011%E2%80%93american-people-the-winner%E2%80%93obama-the-loser%E2%80%93videos/?preview=true&preview_id=1176&preview_nonce=0196810e90

Segment 2: The Political Issues of 2012 Elections: #1–Unemployment–Jobs, #2–Government Spending–Balanced Budgets, #3-Tax Reform–The FairTax, #4-Inflation–End The Fed, #5-Wars–Bring The Troops Home–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june-15-2011-
segment-2-1-the-issues-unemployment-jobs-2-government-spending-balanced-budgets-3-tax-reform-the-fairtax-4-inflation-end-the-fed-5-wars-bring-the-t/?preview=true&preview_id=1183&preview_nonce=577da72775

Segment 3: Pronk Presidential Prediction–The Winner Is?–The American People!–Videos

For Additional Information and Videos:

https://pronkpops.wordpress.com/2011/06/15/pronk-pops-show-32-june15-2011-segment-3-pronk-presidential-prediction-the-winner-is-the-american-people-videos/?preview=true&preview_id=1169&preview_nonce=52b4648eff

Pronk Pops Show 31

June 08, 2011 03:17 PM PDT

Pronk Pops Show 31: June 8, 2011

Segment 0: ENTJ–Know Thyself–This above all: to thine own self be true–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/08/pronk-pops-show-31-segment-0-entj%E2%80%93know-thyself%E2%80%93this-above-all-to-thine-own-self-be-true%E2%80%93videos/?preview=true&preview_id=1122&preview_nonce=938bb3c129

Segment 1: A Breach of Public Trust–Hound Dogs–Clinton, Weiner, and Obama–Notorious Habitual Liars–Wake Up–Start A Revolution–Ron Paul–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/08/pronk-pops-show-31-segment-1-a-breach-of-public-trust%E2%80%93hound-dogs%E2%80%93clinton-weiner-and-obama%E2%80%93notorious-habitual-liars%E2%80%93wake-up%E2%80%93start-a-revolution%E2%80%93ron-pa/

Segment 2: June 2011–Unemployment Situation Worsens–9.1% Official Unemployment Rate (U-3) with 13,900,000 Unemployed and 15.8% Total Unemployment Rate (U-6) With 24,283,000 Americans Looking For Full Time Jobs!–Great Obama Depression (GOD)!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/08/pronk-pops-show-31-segment-2-june-2011-unemployment-situation-worsens-9-1-official-unemployment-rate-u-3-with-13900000-unemployed-and-15-8-total-unemployment-rate-u-6-with-24283000-america/

Pronk Pops Show 30

June 02, 2011 01:26 PM PDT

Pronk Pops Show, June 2, 2011

Segment 0: The Facebook Effect–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/02/pronk-pops-show-30-june-2-2011-segment-0-the-facebook-effect-videos/

Segment 2: Paul Allen–Idea Man: A Memoir By The Cofounder of Microsoft–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/02/pronk-pops-show-30-june-6-2011-segment-1-paul-allen%E2%80%93idea-man-a-memoir-by-the-cofounder-of-microsoft%E2%80%93videos/

Segment 3: Last Dance For Love–Congress Blocks Debt Limit Hike–For Now–Who Is The Political Class Fooling–Bring The Troops and Jobs Home and Send The Bureaucrats and Big Spenders Home–Save Medicare and Social Security–Hot Stuff–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/06/02/pronk-pops-show-30-june-2-2011-segment-3-last-dance-for-love%E2%80%93congress-blocks-debt-limit-hike%E2%80%93for-now%E2%80%93who-is-the-political-class-fooling%E2%80%93bring-the-troops-and-jobs-ho/

Pronk Pops Show 29

May 26, 2011 01:12 PM PDT

Pronk Pops Show 29, May 26, 2011

Segment 1: Herman Cain–The Tea Party Movement Candidate–Running On Cutting Spending, Opposing Higher Debt Ceiling, Enforcing Immigration Laws, Defunding Planned Parenthood, Nominating Pro Life Judges, And Passing The FairTax–Common Sense Solutions!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/23/pronk-pops-show-29-may-25-2011-segment-1-herman-cain-the-tea-party-movement-candidate-running-on-cutting-spending-opposing-higher-debt-ceiling-enforcing-immigration-laws-defunding-planned-pa/?preview=true&preview_id=1018&preview_nonce=3fac63d9d6

Segment 2: Taxman Obama’s Hidden Tax Increase On The Rich That Results In Fewer Jobs And Lower Economic Growth vs. Ryan’s Long and Winding Road To Economic Stagnation vs. Senators Lee, DeMint and Paul’s Stairway To Peace and Prosperity With A Balanced Budget!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/24/pronk-pops-show-29-may-25-2011-segment-2-taxman-obamas-hidden-tax-increase-on-the-rich-that-results-in-fewer-jobs-and-lower-economic-growth-vs-ryans-long-and-winding-road-to-economic-stagnat/

Segment 3: Israeli Prime Minister Benjamin Netanyahu Addresses Congress–A Lesson In Leadership–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/24/pronk-pops-show-29-may-25-2011-segment-3-israeli-prime-minister-benjamin-netanyahu-addresses-congress-a-lesson-in-leadership-videos/

Segment 4: Memo To Washington Republican Party Establishment–You Are Not Listening To The American People–Read Our Lips–“Cut Spending and Balance The Budget Starting With Fiscal Year 2012”–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/25/pronk-pops-show-29-may-25-2011-segment-4-memo-to-washington-republican-party-establishment-you-are-not-listening-to-the-american-people-read-our-lips-cut-spending-and-balance-the-budget-start/

Pronk Pops Show 28

May 18, 2011 04:26 PM PDT

Pronk Pops Show 28, May 18, 2011

Segment 1: Segment 1: Newt Gingrich Running For President As A Big Government Interventionist Republican Progressive aka Green “Compassionate” Conservative?–Favors Individual Health Care Mandates While Attacking Paul Ryan As A Right Wing Radical Social Engineer For Proposing A Premium Support or $15,000 Voucher System To Save Medicare From Bankruptcy!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-18-2011-segment-1-newt-gingrich-running-for-president-as-a-big-govenment-interventionist-republican-progressive-aka-green-compassionate-conservative-favors-individual/

Segment 2: Leave It To Beaver–Newt Gingrich–The Beaver Puppet of The Republican Washington D.C. Establishment Political Class With It Social Engineered Warfare and Welfare Economy with A $3,500 Billion Unbalanced Budget For Fiscal Year 2012 with Nearly $1,000 Billion In Deficit Spending!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-18-2011-segment-2leave-it-to-beaver-newt-gingrich-the-beaver-puppet-of-the-republican-washington-d-c-establishment-political-class-with-it-social-engineered-warfare-and-w/

Segment 3: Ron Paul Running For President Of The United States in 2012–It Is Official–The Third Time Is The Charm!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-28-2011-segment-3-ron-paul-running-for-president-of-the-united-states-in-2012-it-is-official-the-third-time-is-the-charm-videos/

Segment 4: 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

https://pronkpops.wordpress.com/2011/05/18/pronk-pops-show-28-may-18-2011-segment-4-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-nei/

Pronk Pops Show 27

May 11, 2011 10:13 AM PDT

Pronk Pops Show 27, May 10, 2011

Segment 1: Bureau of Labor Statistics Official Unemployment Rate (U-3) Increased To 9.0% With 13.7 Million Americans Unemployed and Total Unemployment Rate (U-6) Increased To 15.9% With 24.4 Million Americans Seeking Full Time Job–Economy Adds 244,000 Jobs But Initial Unemployment Claims Hit Eight Month High of 474,000!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/09/pronk-pops-show-27-may-9-2011-segment-1-bureau-of-labor-statistics-offical-unemployment-rate-u-3-increased-to-9-0-with-13-7-million-americans-unemployed-and-total-unemployment-rate-u-6-increas/

Segment 2: OMI-Obama Misery Index–U.S. Misery Index Is Rising As Both The Unemployment Rate and Inflation Rate Increase!–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/10/pronk-pops-show-27-may-10-2011-segment-2-omi-obama-misery-index-u-s-misery-index-is-rising-as-both-the-unemployment-rate-and-inflation-rate-increase-vidoes/

Segment 3: Segment 3: Speaker Boehner’s Address to the Economic Club of New York on Jobs, Debt, Gas Prices–Videos

For additional information and videos:

https://pronkpops.wordpress.com/2011/05/10/pronk-pops-show-27-may-10-2011-segment-3-speaker-boehners-address-to-the-economic-club-of-new-york-on-jobs-debt-gas-prices/

Pronk Pops Show 26

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/

Raymond Thomas Pronk’s Podcasts

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Listen To Pronk Pops Podcast or Download Shows 38-

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

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Pronk Pops Show 38, July 27, 2011: Segment 2: Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos

Posted on July 27, 2011. Filed under: American History, Budgetary Policy, Business, Economics, Education, Federal Government, Fiscal Policy, Government, Government Spending, History, Housing, Investments, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Tax Policy, Videos, War, Weapons, Wisdom | Tags: , , , , |

 

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Listen To Pronk Pops Podcast or Download Shows 38-

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

 

Segment 2: Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos

American Citizens for Fiscal Responsibility

“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”
~Thomas Jefferson

Fiscal Responsibility Pledge

I, ________________________________________, pledge to the taxpayers of the state

of ____________________________, and to the American people that I will:

1. Support and vote for only balanced budgets or surplus budgets where total estimated Federal government tax revenues for each fiscal year equals or exceeds total estimated Federal government spending outlays.

2. Support and vote for only decreases in the national debt ceiling.

3. Support and vote for the FairTax. The FairTax abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax on new goods and services, and administered primarily by existing state sales tax authorities. Once enacted any changes in the FairTax or increases in the FairTax rate will require two-thirds roll call vote of the House of Representatives and Senate.

4. Support and vote for the repeal of the 16th Amendment to the Constitution of the United States.

5. Support and vote for a balanced budget Amendment to the Constitution of the United State which allows budget surpluses or requires the balancing of tax revenues and spending outlays each fiscal year, limits Federal Government spending to eight-teen percent (18%) of Gross Domestic Product or less, requires a two-thirds majority roll call vote for any proposed tax increase in the House of Representatives and Senate and where the only exception to a surplus budget or balanced budget is the passage of a declaration of war that would require unbalanced budgets and increases in the national debt.

___________________________________________ ___________________________________

Signature                                                                                                 Date Signed

__________________________________________    ___________________________________

Witness                                                                                                    Witness

Pledge must be signed, dated, witnessed and returned to the:

American Citizens for Fiscal Responsibility

10455 N. Central Expressway-#109-228

Dallas, Texas 75231

Background Articles and Videos

Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano

It’s Simple to Balance The Budget Without Higher Taxes

US bankruptcy, fiscal ‘child abuse’ and six-decade Ponzi scheme

Next Generation To Suffer From Fiscal Gap…Kotlikoff Says!

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

 

“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending

Underwhelming Spending Cuts from Congress and Obama

Obama/Boehner’s Phony Spending Cuts

House GOP’s $61 Billion Spending Cuts in Perspective

 

 

 

Senator Rand Paul Speaks Out Against the Continuing Resolution

Our Troubling Tax System

What is the FairTax legislation?

 

Lugar Cosponsors the FairTax

The FairTax: It’s Time

FairTax.org

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

Ron Paul Ad – Conviction

DEBT CEILING | Ron Paul | Debt Crisis

Michele Bachmann: Courage

Raising the Debt Ceiling: It Just Makes Sense. Not.

U.S. Senator Mike Lee Proposes a Constitutional Amendment to Limit Congress’ Spending

America is bankrupt

Laurence Kotlikof

“…THE US has a fiscal gap—the present value of all its future spending (including servicing its official debt) less all its future taxes of $202 trillion—almost 14 times GDP. Greece, by comparison, has a fiscal gap of about 11 times GDP. To close the US fiscal gap would require raising all federal taxes, immediately and permanently by almost two thirds!

The Economist as well as all other financial media as well as virtually all economists (academic and business) and policymakers are focusing on the official debt. For the US, the official debt is $9 trillion. This is minor compared to the fiscal gap, which includes all liabilities, official and unofficial. The fiscal gap is huge compare to the official debt because Uncle Sam has spent six decades accumulating massive obligations to make social insurance payments, which it carefully kept off the books. …”

http://www.economist.com/economics/by-invitation/guest-contributions/america_bankrupt

U.S. funding for future promises lags by trillions

By Dennis Cauchon, USA TODAY

“…The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

This gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product.

Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling.

Social Security added $1.4 trillion in obligations, partly reflecting longer life expectancies. Federal and military retirement programs added more to the financial hole, too.

Corporations would be required to count these new liabilities when they are taken on — and report a big loss to shareholders. Unlike businesses, however, Congress postpones recording spending commitments until it writes a check.

The $61.6 trillion in unfunded obligations amounts to $528,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.

“The (federal) debt only tells us what the government owes to the public. It doesn’t take into account what’s owed to seniors, veterans and retired employees,” says accountant Sheila Weinberg, founder of the Institute for Truth in Accounting, a Chicago-based group that advocates better financial reporting. “Without accurate accounting, we can’t make good decisions.” …”

http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-in-debt_n.htm

A SUMMARY OF THE 2011 ANNUAL REPORTS
Social Security and Medicare Boards of Trustees


A MESSAGE TO THE PUBLIC:

Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. This message summarizes our 2011 Annual Reports.

The financial conditions of the Social Security and Medicare programs remain challenging. Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative modifications if disruptive consequences for beneficiaries and taxpayers are to be avoided.

The long-run financial challenges facing Social Security and Medicare should be addressed soon. If action is taken sooner rather than later, more options and more time will be available to phase in changes so that those affected have adequate time to prepare. Earlier action will also afford elected officials with a greater opportunity to minimize adverse impacts on vulnerable populations, including lower-income workers and those who are already substantially dependent on program benefits.

Both Social Security and Medicare, the two largest federal programs, face substantial cost growth in the upcoming decades due to factors that include population aging as well as the growth in expenditures per beneficiary. Through the mid-2030s, due to the large baby-boom generation entering retirement and lower-birth-rate generations entering employment, population aging is the largest single factor contributing to cost growth in the two programs. Thereafter, the continued rapid growth in health care cost per beneficiary becomes the larger factor.

http://www.ssa.gov/OACT/TRSUM/index.html

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

 

4/5/11 Republican Leadership Press Conference

O’Reilly — Does Obama Care About the Economy?

Democrats’ Budget Plan – “Blank Check”

Democratic Party Budget Proposals

S-1 FY2012 President’s Budget

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

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

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

SA@TAC – The GOP, War and the Debt

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

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

S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurpluses Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

Related Posts On Pronk Palisades

The President Obama Exposed As An Empty Suit That Negotiates In Bad Faith With No Democratic Party or Presidential Plan–All Talk and No Walk–Videos

The Pronk Plan for A Peace and Prosperity Economy–Videos

 

Related Posts On Pronk Pops

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s

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Pronk Pops Show 38, July 27, 2011: Segment 1: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Posted on July 27, 2011. Filed under: American History, Budgetary Policy, Business, Economics, Federal Government, Fiscal Policy, Government, Government Spending, History, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Pro Life, Public Sector Unions, Radio, Security, Tax Policy, Unions, Videos, War, Wisdom | Tags: , , , , |

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

 

Listen To Pronk Pops Podcast or Download Shows 38-

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

 

Segment 1: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

The Problem

 

The Warfare and Welfare Economy With

Temporary,Targeted and Timely Stimulus Packages

The Road Ahead: Unemployment, Poverty and the Recession

The predictions in the above videos were off by two years.

The predictions for 2010 are now the predictions of many for 2012.

The Great Stimulus Debate: What You Need To Know About How Will The Stimulus Will Affect Our Economy

“…A fact-based look at how the Economic Stimulus will affect our economy. Because this stimulus was poorly designed, it will not be timely enough to help, it targets the wrong sectors, and it will be anything but temporary. It will lead to higher debts and lower long-term GDP, which hurts you, your children and rewards political special interests. It is time to hold politicians accountable for creating this mess and failing to fix it. …”

Massive unemployment could lead to riots says Dr. Brzezinski

END FED: Keiser Explains How Fed-Banks Create Revolutions & Genocide; Speculation, Food-Oil Prices

Updated 01.12.11 – The Decline: The Geography of a Recession by LaToya Egwuekwe (OFFICIAL)

According to the U.S. Department of Labor’s Bureau of Labor Statistics, there are nearly 31 million people currently unemployed — that’s including those involuntarily working part time and those who want a job, but have given up on trying to find one. In the face of the worst economic upheaval since the Great Depression, millions of Americans are hurting. “The Decline: The Geography of a Recession,” as created by labor writer LaToya Egwuekwe, serves as a vivid representation of just how much. Watch the deteriorating transformation of the U.S. economy from January 2007 — approximately one year before the start of the recession — to the most recent unemployment data available today. Original link: http://www.latoyaegwuekwe.com/geographyofareces­sion.html. For more information, email latoya.egwuekwe@yahoo.com

Gerald Celente on The Peter Schiff Show 14 Apr 2011

Trend Prophet Forecasts Food Riots For US by 2012

Our Troubling Tax System

The Solution

Launch The Peace and Prosperity Economy

With A Premanent, Pervasive and Predictable Stimulus Package

The FairTax: It’s Time

What is the FairTax legislation?

Mike Huckabee – What is the “Fair Tax?”

Lugar Cosponsors the FairTax

Marco Rubio on the FairTax

HERMAN CAIN ON “FAIR TAX” 110611

Herman Cain Discusses Fair Tax with Neil Cavuto

Ron Paul On Taxes

Ron Paul on Taxes

Ron Paul – THE FAIRTAX REVOLUTION

Bachmann Reacts to Obama’s Call to Raise Taxes

Tax Rates are High Enough Already

What Are Taxes For? PJTV Goes to The Hill to Get Answers From Bachmann, Price, Jordan & Others

The Fair Tax

The Fair Tax Explained

Fair Tax… explained by a 17 year old

Support the FairTax

My FAIRTAX Story_Paul Wizikowski

Taylor discusses the economy with Tom Keene on Bloomberg TV

“…John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses economics, finance, QE2, taxes, and investments with Tom Keene on Bloomberg TV. …”

No, A Bigger Stimulus Would Not Have Worked Either

By JOHN B. TAYLOR

“…For these reasons I argued in the November 2008 article which Krugman cites that a better fiscal policy would be to rely on the automatic stabilizers and enact more permanent reductions in tax rates (or at least pledge not to increase tax rates in a recession).

As early as the summer of 2009 it was clear that ARRA was not working as intended, as John Cogan, Volker Wieland and I reported. Research since then has uncovered the reasons why. One reason is that very large stimulus grants to the states did not go to infrastructure spending as intended, and that’s what Ned Gramlich found out about Keynesian stimulus packages thirty years ago.

 

Why Permanent Tax Cuts Are the Best Stimulus

Short-term fiscal policies fail to promote long-term growth.

By JOHN B. TAYLOR

“…What are the implications for a second stimulus early next year? The mantra often heard during debates about the first stimulus was that it should be temporary, targeted and timely. Clearly, that mantra must be replaced. In testimony before the Senate Budget Committee on Nov. 19, I recommended alternative principles: permanent, pervasive and predictable.

– Permanent. The most obvious lesson learned from the first stimulus is that temporary is not a principle to follow if you want to get the economy moving again. Rather than one- or two-year packages, we should be looking for permanent fiscal changes that turn the economy around in a lasting way.

– Pervasive. One argument in favor of “targeting” the first stimulus package was that, by focusing on people who might consume more, the impact would be larger. But the stimulus was ineffective with such targeting. Moreover, targeting implied that increased tax rates, as currently scheduled, will not be a drag on the economy as long as increased payments to the targeted groups are larger than the higher taxes paid by others. But increasing tax rates on businesses or on investments in the current weak economy would increase unemployment and further weaken the economy. Better to seek an across-the-board approach where both employers and employees benefit.

– Predictable. While timeliness is an admirable attribute, it is only one property of good fiscal policy. More important is that policy should be clear and understandable — that is, predictable — so that individuals and firms know what to expect. …”

http://online.wsj.com/article/SB122757149157954723.html

Vote only for candidates for public office that support the FairTax.

Vote out of office those polticians who continue to support Federal income and payroll taxes.

No exceptions.

Demand that the FairTax be implemented and go into operation starting January 2012.

Only vote for that presidential candidate that clearly supports the FairTax and repeal of the tewnty-sixth amendment that gave us the income tax.

Background Articles and Videos

An Argument for the Fair Tax

Gerald Celente- Jeff Rense Radio – 14 July 2011

Roskam to Fox News: Our National Debt is Dragging Down the Economy

Economy: The Worst Yet to Come?

Get Ready for a 70% Marginal Tax Rate

Some argue the U.S. economy can bear higher pre-Reagan tax rates. But those rates applied to a much smaller fraction of taxpayers than what we’re headed for without spending cuts.

By MICHAEL J. BOSKIN

“…It would be a huge mistake to imagine that the cumulative, cascading burden of many tax rates on the same income will leave the middle class untouched. Take a teacher in California earning $60,000. A current federal rate of 25%, a 9.5% California rate, and 15.3% payroll tax yield a combined income tax rate of 45%. The income tax increases to cover the CBO’s projected federal deficit in 2016 raises that to 52%. Covering future Social Security and Medicare deficits brings the combined marginal tax rate on that middle-income taxpayer to an astounding 71%. That teacher working a summer job would keep just 29% of her wages. At the margin, virtually everyone would be working primarily for the government, reduced to a minority partner in their own labor.

Nobody—rich, middle-income or poor—can afford to have the economy so burdened. Higher tax rates are the major reason why European per-capita income, according to the Organization for Economic Cooperation and Development, is about 30% lower than in the United States—a permanent difference many times the temporary decline in the recent recession and anemic recovery.

Some argue the U.S. economy can easily bear higher pre-Reagan tax rates. They point to the 1930s-1950s, when top marginal rates were between 79% and 94%, or the Carter-era 1970s, when the top rate was about 70%. But those rates applied to a much smaller fraction of taxpayers and kicked in at much higher income levels relative to today.

There were also greater opportunities for sheltering income from the income tax. The lower marginal tax rates in the 1980s led to the best quarter-century of economic performance in American history. Large increases in tax rates are a recipe for economic stagnation, socioeconomic ossification, and the loss of American global competitiveness and leadership.

There is only one solution to this growth-destroying, confiscatory tax-rate future: Control spending growth, especially of entitlements. Meaningful tax reform—not with higher rates as Mr. Obama proposes, but with lower rates on a broader base of economic activity and people—can be an especially effective complement to spending control. But without increased spending discipline, even the best tax reforms are doomed to be undone.

Mr. Boskin is a professor of economics at Stanford University and a senior fellow at the Hoover Institution. He chaired the Council of Economic Advisers under President George H.W. Bush.”

http://online.wsj.com/article/SB10001424052702304911104576443893352153776.html?mod=googlenews_wsj

.

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

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

S-1 FY2012 Senator Rand Paul

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

4/14/11: Sen. Rand Paul Speaks Out Against the Continuing Resolution

Senator Lee explains the enforceability of a balanced budget amendment

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

 

4/5/11 Republican Leadership Press Conference

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

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

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

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

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.

Related Posts On Pronk Pops

Pronk Pops Show 38, July 27, 2011: Segment 2: Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Back In Black Report–Videos

Pronk Pops Show 37, July 20, 2011: Segment 4: Conservative, Libertarian and Tea Party Movements Sold Out and Betrayed By Gang of Six and Progressive Republicans In Senate–$1,000 Billion In New Taxes!–Videos

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

Pronk Pops Show 38, July 27, 2011: Segment 0: Tea Party Democrats, Republicans, and Independents Betrayed–Tell The Democratic and Republican Establishments To Balance The Budget and Cut The Debt Ceiling–Just Say No To Obama, Reid, Boehner and Ryan Unbalanced Budgets–Videos

Posted on July 27, 2011. Filed under: Budgetary Policy, Economics, Federal Government, Fiscal Policy, Government, Government Spending, Housing, Philosophy, Politics, Polls, Public Sector Unions, Tax Policy, Unions, Videos, War, Wisdom | Tags: , , , |

Pronk Pops Show 38:July 27, 2011

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Listen To Pronk Pops Podcast or Download Shows 38-

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

Segment 0: Tea Party Democrats, Republicans, and Independents Betrayed–Tell The Democratic and Republican Establishments To Balance The Budget and Cut The Debt Ceiling–Just Say No To Obama, Reid, Boehner and Ryan Unbalanced Budgets–Videos

Lying Politicians And Words

“By and large, language is a tool for concealing the truth.”

~George Carlin

“You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”

~Abraham Lincoln

Rand Paul Blasts Reid, Boehner Plans Fox News Video FoxNews com

John Boehner Goes Back On The Head Of The Republican Parties Radio Show Rush Limbaugh

FOX: DeMint Slams Reid & Boehner Plans

Mark Levin Interviews Jim Demint – I’m Not Encouraged By Whats Going On In Washington Right Now

The tea party movement has been betrayed by the Republican Party establishment leadership including John Boehner, Eric Cantor, Mitch McConnell and Paul Ryan.

The big dirty secret the the ruling class in Washington D.C. do not want the American people to know is the Fiscal Year 2012 budget will be in deficit my about $1,000 billion.

This is not fiscally responsible nor is it a “balance approach”.

The Democratic and Republican Establishment aka the “ruling class” are addicted in spending money the American people do not have on things the American people do not need.

They try to fool the American people with phoney cuts in the growth of the current services baseline budget by emphasing trillion dollar “cuts” over a ten year budget timeframe.

There are never any cuts in the current service baseline budget only cuts in the growth rates over ten years of the budget baseline.

The American people are not fooled by this nonsense and rubbish.

The only year that counts is Fiscal Year 2012 that starts October 1, 2011 and ends September 30, 2012.

The only cuts that are real are actual cuts in the budget baseline itself and not cuts in the rate of growth of that baseline.

Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano

It’s Simple to Balance The Budget Without Higher Taxes

Stop budgeting to the current services budget baseline and budget to estimated tax revenue collections.

Stop closed door deals, commissions, select committees and gangs.

Stop lying and misleading the American people.

Vote against any budget that is not balanced.

Vote against any increase in the National Debt ceiling.

Vote for closing permanently Government Departments, Agenices and hundreds of programs.

Vote for cutting the Budget Baseline not for cutting the rate of growth of the Budget Baseline!

Vote for the FairTax. The political ruling class is bought and paid for and are wrecking the economy, detroying jobs and killing the American Dream.

The American people will eventually learn the secret and that both political parties have been lying to them.

A plague on both political parties. Both parties are responsible for the bloated budgets and massive deficits.

Let the party establishments clean their own mess up. The Democratic and Republican Party establishments simply do not give a flip about the American people.

Suggest you listen to the late George Carlin.

George Carlin -“Who Really Controls America”

“Inside every cynical person, there is a disappointed idealist.”

“Always do whatever’s next.”

~George Carlin

Background Articles and Videos

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

4/5/11 Republican Leadership Press Conference

O’Reilly — Does Obama Care About the Economy?

Democrats’ Budget Plan – “Blank Check”

Democratic Party Budget Proposals

S-1 FY2012 President’s Budget

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

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

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

SA@TAC – The GOP, War and the Debt

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

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

S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurpluses Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

Peter Ferrara’s Too-Nice Attack on Phony Washington Budget Deals

Posted by Daniel J. Mitchell

“…Writing in the Wall Street Journal, Peter Ferrara of the Institute for Policy Innovation explains that Washington budget deals don’t workbecause politicians never follow through on promised spending cuts. This is a very relevant argument, since President Obama’s so-called Deficit Reduction Commission supposedly is considering a deal featuring $3 of spending cuts for every $1 of tax increases (disturbingly reminiscent of what was promised — but never delivered — as part of the infamous 1982 TEFRA budget scam).

Washington’s traditional approach to balancing the budget is to negotiate an agreement on a package of benefit cuts and tax increases. President Obama’s deficit commission seems likely to recommend just this strategy in December. The problem is that it never works. What happens is the tax increases get permanently adopted into law. But the spending cuts are almost never fully adopted and, even if they are, they are soon swept away in the next spendthrift budget. Then — because taxes weaken incentives to produce — the tax increases don’t raise the revenue that Congress initially projected and budgeted to spend. So the deficit reappears. In 1982, congressional Democrats promised President Ronald Reagan $3 in spending cuts for every dollar in tax increases. Reagan went to his grave waiting for those spending cuts. Then there was the budget deal in 1990, when President George H.W. Bush agreed to violate his famous campaign pledge — “Read my lips, no new taxes,” he had said in 1988 — in pursuit of a balanced budget. But after the deal, the deficit increased substantially: to $290 billion in 1992 from $221 billion in 1990.

As the excerpt indicates, Peter’s column is solid and everything he writes is correct, but it suffers from one major sin of omission. He should have exposed the dishonest practice of using “current services” or “baseline” budgeting. This is the clever Washington practice of assuming that all previously planned spending increases should go into effect and categorizing any budget that increases spending by a lower amount as a spending cut. In other words, if the hypothetical “baseline” budget increases by 7 percent, and a budget is proposed that increases spending by 4 percent, that 4 percent spending increase magically gets transformed into a 3 percent spending cut. Politicians love “current services” or “baseline” budgeting for two reasons. First, it allows them to have their cake and eat it too. They can simultaneously shovel more money to interest groups while telling voters they are “cutting” spending. Second, it rigs the process in favor of bigger government. This is because lawmakers who actually propose to restrain the growth of spending can be lambasted for wanting “savage” and “draconian” budget cuts totaling “trillions of dollars” when all they’re actually proposing is to have spending grow by less than the so-called baseline. But since people in the real world use honest math rather than “current services” math, they assume that spending is being reduced next year by some large amount compared to what is being spent this year. And if the phony budget cut numbers sound too big (especially for specific programs such as Medicare or Medicaid), they sometimes conclude that it would be better to raise taxes. Speaking of which, the same misleading process works on the revenue side of the budget. The politicians automatically get to keep whatever additional revenue is generated by population growth and higher incomes, which is not trivial since revenue in a typical year grows faster than nominal GDP. But when they do a budget deal featuring X dollars of tax increases for every Y dollars of spending cuts, the additional taxes are always on top of the revenue increases that already are occurring. And since the supposed spending cuts invariably are nothing more than reductions in planned increases, it should come as no surprise that the burden of spending always seems to increase. …” http://www.cato-at-liberty.org/peter-ferraras-too-nice-attack-on-phony-washington-budget-deals/

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The President Obama Exposed As An Empty Suit That Negotiates In Bad Faith With No Democratic Party or Presidential Plan–All Talk and No Walk–Videos

The Pronk Plan for A Peace and Prosperity Economy–Videos

Related Posts On Pronk Pops

Pronk Pops Show 38, July 27, 2011: Segment 2: Tea Party Candidates And Elected Officials New Gold Standard For Balanced And Surplus Budgets, Lower Debt Ceilings and Tax Reform: Fiscal Responsibility Pledge To The American People–Videos

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s

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

Pronk Pops Show 37, July 20, 2011: Segment 4: Conservative, Libertarian and Tea Party Movements Sold Out and Betrayed By Gang of Six and Progressive Republicans In Senate–$1,000 Billion In New Taxes!–Videos

Posted on July 19, 2011. Filed under: American History, Budgetary Policy, Economics, Energy, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, Health Care Insurance, History, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Regulation, Tax Policy, Videos, Wisdom | Tags: , , , , , , , , , , , , , , , |

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Pronk Pops Show 34:June 29, 2011

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

Segment 4: Conservative, Libertarian and Tea Party Movements Sold Out and Betrayed By Gang of Six and Progressive Republicans In Senate–Videos

Mark Levin – Mitch McConnell And Tom Coburn Have Sold Out This Country

Dr. Coburn on CNBC’s The Kudlow Report re: Gang of Six Deficit Reduction Plan

Gang of 6 Plan Could Offer GOP Path to Debt Deal

The CBS Evening News w…: Clock ticking on debt reform plans

2011 07 19 Crapo on Bloomberg

Senator Warner calls for a bipartisan solution to the deficit

Face The Nation with B…: Coburn, Durbin agree debt compromise will be

Solving the Debt Ceiling Crisis

 

Obama Applauds ‘Gang Of Six’

As Debt Debate Begins, Obama Praises ‘Gang’ Plan

Meet the Senate’s “Gang of Six”

Dr. Coburn on CNBC Kudlow Report: “Came to an impasse in Gang of Six negotiations”

 Michael Bennet: Gang of Six ‘Not Dead’

Crapo on Fox News’ Special Report with Brett Baier

Grover Norquist Responds to Sen. Tom Coburn- MSNBC

Debt Ceiling: Chris Mathews Dukes it Out With ‘NO’ Mastermind, Republican Grover Norquist

Sen. Toomey Talks Debt Limit on Fox and Friends

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Sen. Toomey Gives a Speech on the Debt Limit at AEI

“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending

It’s Simple to Balance The Budget Without Higher Taxes

Conviction, Not Compromise!

Ron Paul to Congress If Debt Is the Problem, Why Do You Want More of It

The total tax revenues in Fiscal Year 2012 are estimated to be between $2,500 billion and $2,600 billion.

The gang of six’s Fiscal Year 2012 budget will have outlays or spending  between $3,500 billion to $3,700 billion.

The gang of six’s Fiscal Year 2012 deficit is over $1,000 billion!

This is neither fiscal responsible nor a “balanced approach” nor a balanced budget.

The conservative, libertarian, and tea party movement have been betrayed by the Republican establishment!

The Fiscal Year 2012 budget  outlays or spending needs to be reduced by $700 billion to a total of $3,000 billion or less.

This would result in a deficit of about $500 billion or a cut of the budgetary deficit by a least one half.

Any politician who votes for the gang of six’s so-called compromise balanced approach of more taxes now and spending cuts in the out years will not be getting my vote.

Both President Ronald Reagan and George H.W. Bush fell for a similar compromise of tax increases now for future spending cuts in the future that never happened.

Reagan; Taxes and Budget Deficit: Revenue 19% of GDP; Spending is 23%; Revenue is sufficient

Fool me once, shame on you, fool me twice shame on me.

Senator Coburn should know better than fall for this nonsense.

Senator Coburn, you have been rolled!

Cut spending and balance the budget in Fiscal Year  2013.

Tax increases will put the economy into another recession or depression and would further reduce tax revenues and increase the budget deficits.

Comprehensive pro growth tax reform–the FairTax- is what is missing from both the Democratic and Republican proposals.

Pass the FairTax bill now!.

The FairTax would increase the economic growth rate in Gross Domestic Product, increase the number of jobs and lower the unemployment rate, and increase the tax revenues and reduce the budgetary deficit.

Since it cost between $300 billion to $500 billion just to comply with the Federal Income Tax IRS code and regulations, these saving alone would grow the economy and create more productive jobs.

The proposed increases in the National Debt ceiling only encourages even more future deficit spending and the printing of even more money by the Federal Reserve.

By increasing the National Debt ceiling, the Department of the Treasury and The Federal Reserve will engage in another round of quantitative easing or creating/printing money–QE 3!

The Department of the Treasury and the Federal Reserve have been debasing or devaluing the U.S. currency which is a hidden tax on all Americans that is paid by higher prices for goods and services especially imports such as petroleum.

Monetization of the debt by the Federal Reserve  only leads to defaulting on the debt by debasing or devaluing of the currency which results in rising prices or inflation and a decrease in the purchasing power of the U.S. dollar.

The Federal Reserve should stop the creation or printing of money with quantitative easing–this is robbing the American people of purchasing power of their money and defaulting on the U.S debt.

This will eventually lead to much higher interest rates being demanded by those who invest in U.S. Treasury securities and in turn much higher interest outlays or expenditures and even higher deficits.

This practice should be stopped.

We will default

Explanation of Fed Monetizing US Debt

Quantitative Easing Explained

The gang of six’s great compromise is a betrayal of the American people by more smoke, mirrors and spin.

Show the American people the numbers by Fiscal Year and by Federal Department for the next ten years and have the proposed bill scored by the Congressional Budget Office.

You cannot and will not for the simple reason that once the budgetary estimates are shown, support for this plan will evaporate.

The American people are no longer buying a pig in a poke.

Pig in a polk

Government by gangs and behind closed doors is not what the Founding Fathers had in mind when they wrote the U.S. Constitution.

Any politician who supports the gang of six deal should be challenged in the primaries and defeated in the next election.

RON PAUL on 630 WMAL

Background Articles and Videos

Can the ‘Gang of Six’ Be a Gang on Uniters on the Debt Debate?

“…VAN SUSTEREN: All right, Senator, yesterday, the headlines were you had a $9 trillion plan. Today you’ve joined — rejoined, I should say, the “Gang of Six,” which is something less than $3.7 trillion. Can you tell me the difference between the two plans?

COBURN: Yes, about $5.3 trillion.

VAN SUSTEREN: I actually figured that…

COBURN: That’s a…

VAN SUSTEREN: I knew as soon as I asked you, I was in trouble. But I mean, what…

COBURN: One fixes our complete problem. One actually gets us out of trouble as a country. The other moves us in the direction there. If you want us to be able to truly borrow money at the best rates of anybody in the world and you want to put our economy back where it needs to be, with a vibrant job-creating economy, then you would do this $9 trillion. That gets us out of the risk of default, gets us back growing, solves the problems, takes away the shackles we’ve put on our kids and grandkids.

But realistically, I wasn’t going to get but maybe 10 or 12 votes for that. So what is that we could do that starts us down the process, that sends the signal to the international financial community that we understand we have a serious problem, we’re trying to start fixing it?

VAN SUSTEREN: Here’s the problem with the fix, the $3.7 trillion that you think can pass, as opposed to your $9 trillion plan that you say could fix the problem, is that let’s say that it passed now. A year from now, couldn’t Congress get together and the president and change things?

COBURN: Yes, but very difficult because the plan requires 67 votes to do that. I mean, with 67 votes, you always can change anything. You can change the Constitution, you can do anything with 67 votes. But 67 votes would be required to change it to spend more money, top change the cap. You could always change things. That’s why, you know, my ideal thing would be “cut, cap and balance.” We have a balanced budget amendment, now we’re locked in forever. We have to live within the same confines that every other American and every other state, with the exception of one, has to live.

VAN SUSTEREN: Why isn’t there an appetite to fix it once and for all? Because the American people are struggling. We realize even the — the financial community is uncertain. Everybody’s uncertain. The “cut, cap and balance” is one way to fix it permanently. We had the debt commission, the president’s debt commission, the Bowles-Simpson. That was supposedly to fix it. Your $9 trillion is supposed to fix it. And now we’re back to $3.7 trillion, and the “Gang of Six,” which is just to sort of keep things going.

COBURN: Well, I think there’s a deficit of courage and this dual-mindedness that people want to do what’s best for the country as long as they can continue to do what’s best for their political career. But when you put those two at opposition, and what happens is careers tend to win out. I mean, I can’t say it any more frankly than that, and that’s human nature. I understand it. But it’s a shame.

And that’s why republics die. You know, my whole goal would be that we would cheat history, that we would not go the way of every other republic in the world, which is get out of control on your fiscal matters and lose it. And that’s why we need to get back to the $9 trillion.

But the fact is, is we have a significant thing coming up August 2nd. And we need to be about seeing — about fixing that, or at least limiting the pain that the country going to have right now so that we can actually fix it later.

Debt hope: Obama praises ‘Gang of Six’ plan

Obama, some Republicans laud Senate ‘Gang of Six’ deficits plan as a way ahead on debt limit

“…President Barack Obama and a startling number of Republican senators lauded a bipartisan deficit-reduction plan Tuesday that includes $1 trillion in higher taxes, raising hopes of a last-minute compromise to repair the nation’s finances while averting a government default. Wall Street saluted as well. …”

“…Unlike Obama, Sen. Jim DeMint, R-S.C. was harshly critical, calling McConnell’s approach “smoke and mirrors.”

“If Republicans do not show the political will to stop the spending, and use the debt limit to make our case, the party is gone,” he was quoted as saying on National Review Online.

The Gang of Six envisioned a two-stage process in which $500 billion in savings would be enacted swiftly, with the more complicated changes in programs like Medicare and Medicaid to follow.

http://finance.yahoo.com/news/Debt-hope-Obama-praises-Gang-apf-120819518.html?x=0

Obama Backs New Senate Debt Plan

“…The proposal would cut spending, overhaul entitlement programs such as Medicare, rework the tax code, and make significant changes to Social Security. He said he still hadn’t read all the details of the plan, and said it will be difficult for all parties to reach agreement.

The plan is sweeping in its scope but was thought for months to be both overly ambitious and slightly ambiguous, which nearly led the effort to collapse in recent weeks. But the plan was revived, in part by its lead authors—Sens. Mark Warner (D., Va.) and Saxby Chambliss (R., Ga.)—and the flood of bipartisan support coming out of the meeting surprised them both, the lawmakers said.

Mr. Obama’s endorsement of a bipartisan Senate deficit-reduction proposal, however, could isolate conservative House Republicans who have yet to embrace the president’s call for a deficit-cutting plan that includes tax-code changes. It faces an uncertain future in the House, and even in the Senate, however.

Senate Democratic leaders reacted cautiously, saying the Gang of Six plan had come too late to be incorporated into legislation increasing the debt ceiling.

Sen. Richard Durbin (D., Ill), one of six senators who helped crafted the plan, said it wouldn’t form part of a debt-ceiling package that must be passed by Congress before Aug. 2. Senate Majority Leader Harry Reid (D., Nev.) said he thought there could be elements of the plan that might be wrapped into the legislation increasing the debt ceiling.

Aides said the plan still lacked many crucial details. Its release, instead, would influence the budget landscape after Aug. 2, aides said. …”

“…Central parts of the plan would:

• Impose immediate spending cuts and caps that reduce the deficit by $500 billion over 10 years.

• Make changes to Social Security to make the program solvent over 75 years.

• Direct key congressional committees to find specific levels of deficit reduction within their areas of jurisdiction. If the committees fail, then five Democratic and five Republican senators would be able to offer their own deficit-reduction plan as a replacement.

Messrs. Warner and Chambliss said they asked the other lawmakers at the meeting to report back to them within 24 hours with any feedback, and several lawmakers said the group had already begun drafting legislation. …”

http://online.wsj.com/article/SB10001424052702303661904576456042405686316.html?mod=WSJ_hp_LEFTTopStories

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

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

S-1 FY2012 Senator Rand Paul

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

4/14/11: Sen. Rand Paul Speaks Out Against the Continuing Resolution

Senator Lee explains the enforceability of a balanced budget amendment

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

4/5/11 Republican Leadership Press Conference

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

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

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

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

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.

Related Posts On Pronk Palisades

Senator Tom Coburn–A Real Conservative and An Excellent Vice-President Candidate

Related Posts On Pronk Pops

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Back In Black Report–Videos

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Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Back In Black Report–Videos

Posted on July 18, 2011. Filed under: Budgetary Policy, Economics, Federal Government, Fiscal Policy, Government, Government Spending, Health Care Insurance, Housing, Investments, Labor Economics, Monetary Policy, Philosophy, Politics, Pro Life, Radio, Regulation, Science, Security, Tax Policy, Technology, Videos, War, Wisdom | Tags: , , , , , , , , , , , , , , , |

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Pronk Pops Show 34:June 29, 2011

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

Segment 3: Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Videos

Sen. Tom Coburn (R-OK) Unveils $9 Trillion Deficit Reduction Plan

“…Today, July 18, 2011, Senator Tom Coburn (R-OK) offered a plan to cut the U.S. deficit by $9 trillion over the next 10 years. The Senator’s plan includes tax reform measures recommended by the President’s own commission on deficit reduction, cuts to defense spending, structural entitlement reform and contains a run-away federal workforce. You might not like this plan, nor the Paul Ryan plan, but it’s at least a plan. Democrats have so far refused to put pen to paper. …”

Sen. Tom Coburn proposes budget plan to cut $9 trillion over next decade

Sen. Coburn Reveals Deficit Reduction Plan

Sen. Coburn: Worst Tax Comes From Government Printing Money

Senator Tom Coburn Tells Me Why He Likes Bloggers

“…U.S. Senator Tom Coburn, M.D. (R-OK) today released a new report “Back in Black” that outlines how the federal government can reduce the deficit by $9 trillion over the next ten years and balance the federal budget. The 614-page plan was the result of a thorough and exhaustive review of thousands of federal programs.

“The American people are tired of Washington waiting until the last minute to avoid a crisis, particularly when it is a crisis Washington itself created. The crisis, though, is not the debt limit deadline. The crisis is Congress’ refusal to make hard choices and reduce a debt that has become our greatest national security threat. The plan I am offering today gives Washington 9 trillion reasons to stop making excuses and start solving the problem,” Dr. Coburn said.

“Both parties will no doubt criticize portions of this plan and I welcome that debate. My goal is not to replace the work of the budget committees but to show the American people what is possible and necessary. What is not acceptable, however, is not having a plan and delaying reform until some perfect political moment that will never arrive. The fact is doing nothing is a tax increase, a benefit cut for seniors and the poor, and a betrayal of the core values both parties hold dear,” Dr. Coburn said.

Dr. Coburn’s full report is here. A section by section outline of the report is here. A summary of savings is here. Highlights of the report here. …”

http://coburn.senate.gov/public/index.cfm/pressreleases?ContentRecord_id=1d817708-76ed-4b2b-9cc2-076415409d44

Details of Sen. Tom Coburn’s $9 trillion plan to balance the budget released

U.S. Sen. Tom Coburn, R-Muskogee, would change entitlements, end numerous tax loopholes and cut military spending by $1 trillion to balance the federal budget.

“…Would save about $9 trillion over 10 years, including $3 trillion from entitlements, $3 trillion from government departments and agencies, $1 trillion from defense, $1 trillion from ending or modifying tax breaks and deductions, and $1 trillion in interest on the debt.

Would reduce the size of government by 25 percent over 10 years.

Would balance the budget within 10 years.

Read more: http://newsok.com/details-of-sen.-tom-coburns-9-trillion-plan-to-balance-the-budget-released/article/3586676#ixzz1SVt1zave

Coburn proposes $9 trillion deficit cut measure

ANDREW TAYLOR

“…The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits. It would cut farm subsidies, Medicare, student aid, housing subsidies for the poor, and funding for community development grants. Coburn even takes on the powerful veterans’ lobby by proposing that some veterans pay more for medical care and prescription drugs.

Coburn would also eliminate $1 trillion in tax breaks over the coming decade, earning him an immediate rebuke from Americans for Tax Reform, an anti-tax organization with which Coburn has had a running feud. He would block taxpayers from claiming the mortgage interest deduction on second homes and limit it to homes worth $500,000. He would also ease taxpayers into higher tax brackets more quickly by using a smaller measure of inflation to adjust the brackets.

Coburn was a member of President Barack Obama’s fiscal commission and voted for its plan to cut the budget by about $4 trillion over a decade. He recently dropped out of the closely watched “Gang of Six” senators seeking a bipartisan agreement to rein in deficits and break through the partisanship engulfing official Washington over the deficit.

His re-entry into the deficit debate comes as Obama and lawmakers struggle over increasing the so-called debt limit and avoid a first-ever default on U.S. obligations.

Coburn’s $9 trillion savings figure doesn’t include another $2.4 trillion in cuts to Social Security that are funneled back into the program. In addition to raising the retirement age gradually, he would peg future benefits to a less-generous measure of inflation and curb benefit increases even more for the top 40 percent of earners. …”

“…Cuts to the Medicare program for the elderly and the Medicaid health plan for the poor and disabled would total $2.6 trillion over 10 years, far more than proposed by the fiscal commission or House Republicans. He proposes raising the Medicare retirement age to 67 by 2027 and then gradually increasing it until the retirement age hits 69 in 2080. It would also raise Medicare premiums for doctor visits so that premiums pay 35 percent of such costs instead of the 25 percent currently covered.

Coburn would cut $1 trillion from the Pentagon budget over a decade. He would block military retirees from the Tricare Prime health care plan, the option with the lowest out-of-pocket cost, saving $115 billion, and he would raise the prescription drug copayment under the program, as well as require higher out-of-pocket fees. He also would reduce the fleet of aircraft carriers from 11 to 10 and Navy air wings from 10 to nine.

“I have no doubt that both parties will criticize portions of this plan, and I welcome that debate,” Coburn told reporters. “But it’s not a legitimate criticism until you have a plan of your own.” …”

Read more: http://newsok.com/coburn-proposes-9-trillion-deficit-cut-measure/article/feed/277294#ixzz1SVv9PdWz

Read more: http://newsok.com/coburn-proposes-9-trillion-deficit-cut-measure/article/feed/277294#ixzz1SVuTvAOK

Finally some adult supervision in the Senate.

In order to come even close to balancing the budget over the next ten years requires spending cuts of over $10,000 billion over the next ten years.

Senator Coburn is the first Senator to even come close to this.

Senator Rand Paul is another Senator who understands the urgency and magnitude of the problem.

That said I would much prefer implementing the FairTax over trying to reform the existing Federal income tax system.

Also, I prefer Paul Ryan’s approach to reforming Medicare by letting consumers purchase their own health insurance plan.

I applaud Senator Coburn’s courage in his Back To Black approach to fiscal responsibility and sanity.

A great first rough draft.

Keep up the good work.

I would like to see the revenues and outlays by fiscal year as broken down in the President’s U.S Budget proposals and the Republican proposals by fiscal year over the entire ten year period.

This should be forthcoming if the proposal is to be taken seriously.

Until I see these numbers, I cannot support or recommend Coburn’s plan for the simple reason it may be backloaded.

Background Articles and Videos

Tom Coburn on U.S. Debt Limit: Political Capital With Al Hunt

Sen. Lieberman, Coburn Spell Out Their Plan to Save $600B

Senator Coburn “The President Submits A Budget To The Senate & No One Agrees To Vote For It!” pt.1

Senator Coburn “The President Submits A Budget To The Senate & No One Agrees To Vote For It!” pt.2

Dr. Coburn addressing underlying problems with the food safety bill

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

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

S-1 FY2012 Senator Rand Paul

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

4/14/11: Sen. Rand Paul Speaks Out Against the Continuing Resolution

Senator Lee explains the enforceability of a balanced budget amendment

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

4/5/11 Republican Leadership Press Conference

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

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

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

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

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.

Related Posts On Pronk Palisades

Senator Tom Coburn–A Real Conservative and An Excellent Vice-President Candidate

Related Posts On Pronk Pops

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 4: Conservative, Libertarian and Tea Party Movements Sold Out and Betrayed By Gang of Six and Progressive Republicans In Senate–$1,000 Billion In New Taxes!–Videos

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

Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Posted on July 18, 2011. Filed under: American History, Books, Budgetary Policy, College, Economics, European History, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, History, Labor Economics, Monetary Policy, Public Sector Unions, Tax Policy, Unions, Videos, Wisdom | Tags: , , , , , , |

Pronk Pops Show 37:July 20, 2011 

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Pronk Pops Show 34:June 29, 2011

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

The Problem

The Warfare and Welfare Economy With

Temporary,Targeted and Timely Stimulus Packages

The Road Ahead: Unemployment, Poverty and the Recession

The predictions in the above videos were off by two years.

The predictions for 2010 are now the predictions of many for 2012.

The Great Stimulus Debate: What You Need To Know About How Will The Stimulus Will Affect Our Economy

“…A fact-based look at how the Economic Stimulus will affect our economy. Because this stimulus was poorly designed, it will not be timely enough to help, it targets the wrong sectors, and it will be anything but temporary. It will lead to higher debts and lower long-term GDP, which hurts you, your children and rewards political special interests. It is time to hold politicians accountable for creating this mess and failing to fix it. …”

Massive unemployment could lead to riots says Dr. Brzezinski

END FED: Keiser Explains How Fed-Banks Create Revolutions & Genocide; Speculation, Food-Oil Prices

Updated 01.12.11 – The Decline: The Geography of a Recession by LaToya Egwuekwe (OFFICIAL)

According to the U.S. Department of Labor’s Bureau of Labor Statistics, there are nearly 31 million people currently unemployed — that’s including those involuntarily working part time and those who want a job, but have given up on trying to find one. In the face of the worst economic upheaval since the Great Depression, millions of Americans are hurting. “The Decline: The Geography of a Recession,” as created by labor writer LaToya Egwuekwe, serves as a vivid representation of just how much. Watch the deteriorating transformation of the U.S. economy from January 2007 — approximately one year before the start of the recession — to the most recent unemployment data available today. Original link: http://www.latoyaegwuekwe.com/geographyofareces­sion.html. For more information, email latoya.egwuekwe@yahoo.com

Gerald Celente on The Peter Schiff Show 14 Apr 2011

Trend Prophet Forecasts Food Riots For US by 2012

Our Troubling Tax System

The Solution

Launch The Peace and Prosperity Economy

With A Premanent, Pervasive and Predictable Stimulus Package

The FairTax: It’s Time

What is the FairTax legislation?

Mike Huckabee – What is the “Fair Tax?”

Lugar Cosponsors the FairTax

Marco Rubio on the FairTax

HERMAN CAIN ON “FAIR TAX” 110611

Herman Cain Discusses Fair Tax with Neil Cavuto

Ron Paul On Taxes

Ron Paul on Taxes

Ron Paul – THE FAIRTAX REVOLUTION

Bachmann Reacts to Obama’s Call to Raise Taxes

Tax Rates are High Enough Already

What Are Taxes For? PJTV Goes to The Hill to Get Answers From Bachmann, Price, Jordan & Others

The Fair Tax

The Fair Tax Explained

Fair Tax… explained by a 17 year old

Support the FairTax

My FAIRTAX Story_Paul Wizikowski

Taylor discusses the economy with Tom Keene on Bloomberg TV

“…John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses economics, finance, QE2, taxes, and investments with Tom Keene on Bloomberg TV. …”

No, A Bigger Stimulus Would Not Have Worked Either

By JOHN B. TAYLOR

“…For these reasons I argued in the November 2008 article which Krugman cites that a better fiscal policy would be to rely on the automatic stabilizers and enact more permanent reductions in tax rates (or at least pledge not to increase tax rates in a recession).

As early as the summer of 2009 it was clear that ARRA was not working as intended, as John Cogan, Volker Wieland and I reported. Research since then has uncovered the reasons why. One reason is that very large stimulus grants to the states did not go to infrastructure spending as intended, and that’s what Ned Gramlich found out about Keynesian stimulus packages thirty years ago.

Why Permanent Tax Cuts Are the Best Stimulus

Short-term fiscal policies fail to promote long-term growth.

By JOHN B. TAYLOR

“…What are the implications for a second stimulus early next year? The mantra often heard during debates about the first stimulus was that it should be temporary, targeted and timely. Clearly, that mantra must be replaced. In testimony before the Senate Budget Committee on Nov. 19, I recommended alternative principles: permanent, pervasive and predictable.

– Permanent. The most obvious lesson learned from the first stimulus is that temporary is not a principle to follow if you want to get the economy moving again. Rather than one- or two-year packages, we should be looking for permanent fiscal changes that turn the economy around in a lasting way.

– Pervasive. One argument in favor of “targeting” the first stimulus package was that, by focusing on people who might consume more, the impact would be larger. But the stimulus was ineffective with such targeting. Moreover, targeting implied that increased tax rates, as currently scheduled, will not be a drag on the economy as long as increased payments to the targeted groups are larger than the higher taxes paid by others. But increasing tax rates on businesses or on investments in the current weak economy would increase unemployment and further weaken the economy. Better to seek an across-the-board approach where both employers and employees benefit.

– Predictable. While timeliness is an admirable attribute, it is only one property of good fiscal policy. More important is that policy should be clear and understandable — that is, predictable — so that individuals and firms know what to expect. …”

http://online.wsj.com/article/SB122757149157954723.html

Vote only for candidates for public office that support the FairTax.

Vote out of office those polticians who continue to support Federal income and payroll taxes.

No exceptions.

Demand that the FairTax be implemented and go into operation starting January 2012.

Only vote for that presidential candidate that clearly supports the FairTax and repeal of the tewnty-sixth amendment that gave us the income tax.

Background Articles and Videos

An Argument for the Fair Tax

Gerald Celente- Jeff Rense Radio – 14 July 2011

Roskam to Fox News: Our National Debt is Dragging Down the Economy

Economy: The Worst Yet to Come?

Get Ready for a 70% Marginal Tax Rate

Some argue the U.S. economy can bear higher pre-Reagan tax rates. But those rates applied to a much smaller fraction of taxpayers than what we’re headed for without spending cuts.

By MICHAEL J. BOSKIN

“…It would be a huge mistake to imagine that the cumulative, cascading burden of many tax rates on the same income will leave the middle class untouched. Take a teacher in California earning $60,000. A current federal rate of 25%, a 9.5% California rate, and 15.3% payroll tax yield a combined income tax rate of 45%. The income tax increases to cover the CBO’s projected federal deficit in 2016 raises that to 52%. Covering future Social Security and Medicare deficits brings the combined marginal tax rate on that middle-income taxpayer to an astounding 71%. That teacher working a summer job would keep just 29% of her wages. At the margin, virtually everyone would be working primarily for the government, reduced to a minority partner in their own labor.

Nobody—rich, middle-income or poor—can afford to have the economy so burdened. Higher tax rates are the major reason why European per-capita income, according to the Organization for Economic Cooperation and Development, is about 30% lower than in the United States—a permanent difference many times the temporary decline in the recent recession and anemic recovery.

Some argue the U.S. economy can easily bear higher pre-Reagan tax rates. They point to the 1930s-1950s, when top marginal rates were between 79% and 94%, or the Carter-era 1970s, when the top rate was about 70%. But those rates applied to a much smaller fraction of taxpayers and kicked in at much higher income levels relative to today.

There were also greater opportunities for sheltering income from the income tax. The lower marginal tax rates in the 1980s led to the best quarter-century of economic performance in American history. Large increases in tax rates are a recipe for economic stagnation, socioeconomic ossification, and the loss of American global competitiveness and leadership.

There is only one solution to this growth-destroying, confiscatory tax-rate future: Control spending growth, especially of entitlements. Meaningful tax reform—not with higher rates as Mr. Obama proposes, but with lower rates on a broader base of economic activity and people—can be an especially effective complement to spending control. But without increased spending discipline, even the best tax reforms are doomed to be undone.

Mr. Boskin is a professor of economics at Stanford University and a senior fellow at the Hoover Institution. He chaired the Council of Economic Advisers under President George H.W. Bush.”

http://online.wsj.com/article/SB10001424052702304911104576443893352153776.html?mod=googlenews_wsj

.

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

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

S-1 FY2012 Senator Rand Paul

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

4/14/11: Sen. Rand Paul Speaks Out Against the Continuing Resolution

Senator Lee explains the enforceability of a balanced budget amendment

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

4/5/11 Republican Leadership Press Conference

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

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

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

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

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.

Related Posts On Pronk Pops

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Back In Black Report–Videos

Pronk Pops Show 37, July 20, 2011: Segment 4: Conservative, Libertarian and Tea Party Movements Sold Out and Betrayed By Gang of Six and Progressive Republicans In Senate–$1,000 Billion In New Taxes!–Videos

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

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Posted on July 18, 2011. Filed under: American History, Budgetary Policy, Climate Change, Economics, Federal Government, Fiscal Policy, Government, History, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Public Sector Unions, Radio, Security, Tax Policy, Unions, Videos, Violence, War, Wisdom | Tags: , , , , , , , , , , , , |

Pronk Pops Show 37:July 20, 2011 

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Pronk Pops Show 34:June 29, 2011

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

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

Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Stop Spending Our Future – The Crisis

The Story of Spending

Smoke and Mirrors on Spending Cuts

Spending Restraint, Part I: Lessons from Ronald Reagan and Bill Clinton

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

The National Debt Road Trip

How To Balance the Obama Budget

It’s Simple to Balance The Budget Without Higher Taxes

National Debt- How Much Is A Billion Dollars? Dave Walker

Obama: I’m Willing to Compromise

We Cannot Bind a Future Congress

GOP: We Need a Balanced Budget Amendment

Obama: We don’t need a balanced budget amendment

A Balanced Budget Amendment: The Path to Fiscal Sanity

The Time is NOW – Balanced Budget Amendment

Senator Lee Introduces Cut, Cap, Balance Act as a Sensible Solution for Raising the Debt Ceiling

Our Troubling Tax System

Barack Obama will raise Capital Gains Taxes…even if it means less tax revenue!!

Ron Paul & Judge Napolitano on FOX News 03/10/11

The FairTax: It’s Time

Lugar Cosponsors the FairTax

Herman Cain on Taxes

Flat Tax vs. National Sales Tax

Ron Paul – THE FAIRTAX REVOLUTION

Mike Huckabee – What is the “Fair Tax?”

Fair Tax Panel with Grover Norquist on FOX Business

Ron Paul Opposes Raising Debt Limit

Bachmann Stands Strong Against Raising Debt Ceiling

Milton Friedman on Libertarianism (Part 4 of 4)

How To Amend The U.S. Constitution

How To Amend the U.S. Constitution

Cut, Cap & Balance! Senators Paul, Lee and Vitter want a Constitutional Amendment

Cut, Cap and Balance…A Great Way To Keep Our Debt From Overtaking Our Future

“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending

 

Underwhelming Spending Cuts from Congress and Obama

Ron Paul Ad – Conviction Not Compromise

Ron Paul Will Beat Obama In 2012

I agree with Ron Paul and Michele Bachmann that the National Debt ceiling should not be increased.

I support and have signed the cut, cap, and balance pledge.

Only if both the balanced budget amendment and FairTax bills are passed with a provision repealing the income tax 16th Amendment would I support the raising of the National Debt ceiling by an amount not exceeding $2,000 billion.

This would require the Democratic Party in both the House of Representatives and Senate to vote for this and the President signing these bills.

Barring this, the President needs to start informing nonessential government employees that their jobs have been terminated.

The priorities for Federal Government outlays should be as follows:

1. Interest on the national debt

2. Social Security

3. Medicare and Medicaid

5. Department of Treasury

6. Department of Justice

7. Department of State

8. Department of Defense (60% of total budget outlays) with salaries of military personnel on active duty paid first.

The above is about 65% of total government expenditures or outlays.

The Federal government should start selling all of its real estate assets and gold to make up any shortfall in tax revenues.

The remaining Federal Departments need to be closed and only operations that are absolutely essential should continue operating.

It should take a minimum of two to five years to have the necessary 38 states ratify the Balanced Budget Amendment and an Amendment repealing the income tax, the 16th Amendment to the Consitution to the United States.

Until these amendments are ratified the U.S. Federal Government budget should be balanced and the income tax replaced by the consumption tax–The FairTax.

The Budget for Fiscal Year 2012 should not exceed $3,000 billion not the proposed $3,500 billion Republican budget which has a deficit of nearly $1,000 billion.

Congress should balance the budget starting in Fiscal Year 2013 at $ 3,000 billion or less.

Time for the House of Representatives to call President Obama’s bluff.

The American people want Federal Government spending to be drastically cut and all U.S. Federal Government budgets balanced starting no later than Fiscal year 2013.

The American people want all Federal Government taxes to be replaced with a national retail consumption sales tax on all new goods and services–the FairTax.

The FairTax should go into operation on January 1, 2013 at the latest and would replace all Federal Government taxes including income, payroll, gift and estate taxes.

The time has come to call the President’s bluff.

If the Democrats vote against this, then the American people will blame them for shutting down the Federal Government.

Background Articles and Videos

Legendary investor Jim Rogers- “Ron Paul is the only politician that has a clue”

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

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

FINANCIAL MANAGEMENT SERVICE
STAR – TREASURY FINANCIAL DATABASE
TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  06/11

PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
PRIOR YEAR

OCTOBER                                                                   135,293                311,656                176,363
NOVEMBER                                                              133,563                253,850                120,287
DECEMBER                                                                218,919                310,329                 91,410
JANUARY                                                                 205,239                247,873                 42,634
FEBRUARY                                                               107,520                328,429                220,909
MARCH                                                                      153,358                218,745                 65,387
APRIL                                                                        245,260                327,950                 82,689
MAY                                                                           146,794                282,721                135,927
JUNE                                                                          251,048                319,470                 68,422
JULY                                                                           155,546                320,588                165,043
AUGUST                                                                     163,998                254,524                 90,526
SEPTEMBER                                                              245,207                279,813                 34,607

YEAR-TO-DATE                                                 2,161,746              3,455,949              1,294,204

CURRENT YEAR

OCTOBER                                                                   145,951                286,384                140,432
NOVEMBER                                                              148,970                299,364                150,394
DECEMBER                                                                236,875                315,009                 78,134
JANUARY                                                                  226,550                276,346                 49,796
FEBRUARY                                                                110,656                333,163                222,507
MARCH                                                                       150,894                339,047                188,153
APRIL                                                                          289,543                329,929                 40,387
MAY                                                                             174,936                232,577                 57,641
JUNE                                                                            249,658                292,738                 43,080

YEAR-TO-DATE                                               1,734,033              2,704,557                970,524

http://www.fms.treas.gov/mts/mts0611.txt

U.S. Federal Government Budget Receipts and Outlays
Totals Include On-Budget and Off-Budget Amounts
From Coolidge To Obama, In Billions of Dollars

Total Budget Percent of G.D.P.
President Fiscal
Year
Receipts Outlays Surplus orDeficits G.D.P. Receipts Outlays Surplus orDeficit
Calvin Coolidge 1930 4.1 3.3 0.7 97.4 4.2 3.4 .8
Herbert Hoover 1931 3.1 3.6 -0.5 83.9 3.7 4.3 -0.6
1932 1.9 4.7 -2.7 67.6 2.8 6.9 -4.9
1933 2.0 4.6 -2.6 57.6 3.5 8.0 -4.5
F.D.Roosevelt 1934 3.0 6.5 -3.6 61.2 4.8 10.7 -5.9
1935 3.6 6.4 -2.8 69.6 5.2 9.2 -4.0
1936 3.9 8.2 -4.3 78.5 5.0 10.5 -5.5
1937 5.4 7.6 -2.2 87.8 6.1 8.6 -2.5
1938 6.8 6.8 -0.1 89.0 7.6 7.7 -0.1
1939 6.3 9.1 -2.8 89.1 7.1 10.3 -3.2
1940 6.5 9.5 -2.9 96.8 6.8 9.8 -3.0
1941 8.7 13.7 -4.9 114.1 7.6 12.0 -4.3
1942 14.6 35.1 -20.5 144.3 10.1 24.3 -14.2
1943 24.0 78.6 -54.6 180.3 13.3 43.6 -30.3
1944 43.7 91.3 -47.6 209.2 20.9 43.6 -22.7
1945 45.2 92.7 -47.6 221.4 20.4 41.9 -21.5
1946 39.3 55.2 -15.9 222.6 17.7 24.8 -7.2
Harry S.Truman 1947 38.5 34.5 4.0 233.2 16.5 14.8 1.7
1948 41.6 29.8 11.8 256.6 16.2 6.9 4.6
1949 39.4 38.8 0.6 271.3 14.5 14.3 0.2
1950 39.4 38.8 0.6 273.1 14.4 15.6 -1.1
1951 51.6 45.5 6.1 320.2 16.1 14.2 1.9
1952 66.2 67.7 -1.5 348.7 19.0 19.4 -0.3
1953 60.7 70.9 -6.5 372.5 18.7 20.4 -1.7
D.D.Eisenhower 1954 69.7 70.9 -1.2 377.0 18.5 18.8 -0.3
1955 65.5 68.4 -3.07 395.9 16.5 17.3 -.8
1956 74.6 70.6 3.9 427.0 17.5 16.5 0.9
1957 80.0 76.6 3.4 450.9 17.7 17.0 0.8
1958 79.6 82.4 -2.8 460.0 17.3 17.9 -0.6
1959 79.2 92.1 -12.8 490.2 16.2 18.8 -2.6
1960 92.5 92.2 0.3 518.9 17.8 17.8 0.1
1961 94.4 97.7 -3.3 529.9 17.8 18.4 -1.3
John F.Kennedy 1962 99.7 106.8 -4.8 567.8 17.6 18.8 -1.3
1963 106.6 111.3 -4.8 599.2 17.8 18.4 -0.6
Lyndon B.Johnson 1964 112.6 118.5 -5.9 641.5 17.6 18.5 -0.9
1965 116.8 118.2 -1.4 687.5 17.0 17.2 -0.2
1966 130.8 134.5 -3.7 755.8 17.3 17.8 -0.5
1967 148.8 157.5 -8.6 810.0 18.4 19.4 -1.1
1968 153.0 178.1 -25.2 868.4 17.6 20.5 -2.9
1969 186.9 183.6 3.2 948.1 19.7 19.4 -0.3
Richard M.Nixon 1970 192.8 195.6 -2.8 1,012.7 19.0 19.3 -0.3
1971 187.1 210.2 -23.0 1,080.0 17.3 19.5 -2.1
1972 207.3 230.7 -23.4 1,176.5 17.6 19.6 -2.0
1973 230.8 245.7 -14.9 1,310.6 17.6 18.7 -1.1
1974 263.2 269.4 -6.1 1,438.5 18.3 18.7 -0.4
Gerald R.Ford 1975 279.1 332.3 -53.2 1,560.2 17.9 21.3 -3.4
1976 298.1 371.8 -73.7 1,738.16 17.1 21.4 -4.2
TQ 81.2 96.0 -14.7 459.4 17.7 20.0 -3.2
1977 355.6 409.2 -53.7 1,973.5 18.0 20.7 -2.7
Jimmy Carter 1978 399.6 458.7 -59.2 2,217.5 18.0 20.7 -2.7
1979 463.3 504.0 -40.7 2,501.4 18.5 20.1 -1.6
1980 517.1 590.9 -73.8 2,724.2 19.0 21.7 -2.7
1981 599.3 678.2 -79.0 3,057.0 19.6 22.2 -2.6
Ronald Reagan 1982 617.8 745.7 -128.0 3,223.7 19.2 23.1 -4.0
1983 600.6 808.4 -207.8 3,440.7 17.5 23.5 -6.0
1984 666.4 851.8 -185.4 3,844.4 17.3 22.2 -4.8
1985 734.0 946.3 -212.3 4,146.3 17.7 22.8 -5.1
Ronald Reagan 1986 769.2 990.4 -212.2 4,403.9 17.5 22.5 -4.9
1987 854.3 1,004.0 -149.7 4,651.4 18.4 21.6 -3.2
1988 909.2 1,064.4 -155.2 5,008.5 18.2 21.3 -3.0
1989 991.1 1,143.7 -152.6 5,399.5 18.4 21.2 -4.9
George H.W.Bush 1990 1,032.0 1,253.0 -221.0 5,734.5 18.0 21.9 -3.9
1991 1,055.0 1,324.2 -269.2 5,930.5 17.8 22.3 -4.5
1992 1,091.2 1,381.5 -290.3 6,242.0 17.5 22.1 -4.7
1993 1,154.3 1,409.4 -255.1 6,587.3 17.5 21.4 -3.9
William J. Clinton 1994 1,258.6 1,461.8 -203.2 6,976.6 2.8 6.9 -4.9
1995 1,351.8 1,515.8 -164.0 7,341.1 18.4 20.6 -2.2
1996 1,453.1 1,560.5 -107.4 7,718.3 18.8 20.2 -1.4
1997 1,579.2 1,601.1 -21.9 8,211.7 19.2 19.5 -0.3
William J. Clinton 1998 1,721.7 1,652.5 69.3 67.6 19.9 19.1 0.8
1999 1,827.5 1,701.8 125.6 9,208.4 19.8 18.5 1.4
2000 2,025.2 1,789.0 236.2 9,821.0 20.6 18.2 2.4
2001 1,991.1 1,862.9 128.2 10,225.3 19.5 18.2 1.3
George W.Bush 2002 1,853.1 2,010.9 -157.8 10,543.9 17.6 19.1 -1.5
2003 1,782.3 2,159.9 -377.6 10,979.8 16.2 19.7 -3.4
2004 1,880.1 2,292.9 -412.7 11,685.6 16.1 19.6 -3.5
2005 2,153.6 2,472.0 -318.3 12,445.7 17.3 19.9 -2.6
George W.Bush 2006 2,406.0 2,655.1 -248.2 13,224.9 18.2 20.1 -1.9
2007 2,568.0 2,728.7 -160.7 13,896.0 18.5 19.6 -1.2
2008 2,524.0 2,982.6 -458.6 14,439.0 17.5 20.7 -3.2
2009 2,105.0 3,517.7 -1,412.7 14,237.2 14.8 24.7 -9.9
Barack H.Obama 2010 2,165.1 3,720.7 -1,555.6 14,623.9 14.8 25.4 -10.6
estimates 2011 2,567.2 3,833.9 -1,266.7 15,299.0 16.8 25.1 -8.3
estimates 2012 2,926.4 3,754.9 -828.5 16,203.3 18.1 23.2 -5.1

Prior to fiscal year 1977 the Federal fiscal years began on July 1 and ended on June 30. For example, John F. Kennedy assumed office on January 20, 1961, but the FY 1961 budget was prepared by the Eisenhower Administration.

In calendar year 1976 the July-September period was a separate accounting period (known as the transition quarter or TQ) to bridge the period required to shift to the new fiscal year.

The Fiscal Year begins on October 1 of the previous year. For example, Fiscal Year 2012 begins on October 1, 2011. For this reason, budget years appear to not correspond with a president’s administration. For example, Barack H. Obama took office in January 2009, but the FY 2009 budget was prepared by the Bush Administration.

http://www.presidency.ucsb.edu/data/budget.php

Related Posts On Pronk Pops

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Back In Black Report–Videos

Pronk Pops Show 37, July 20, 2011: Segment 4: Conservative, Libertarian and Tea Party Movements Sold Out and Betrayed By Gang of Six and Progressive Republicans In Senate–$1,000 Billion In New Taxes!–Videos

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Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Posted on July 18, 2011. Filed under: American History, Budgetary Policy, Business, Computers, Economics, Federal Government, Fiscal Policy, Government, History, Housing, Investments, Labor Economics, Monetary Policy, Philosophy, Politics, Public Sector Unions, Radio, Security, Tax Policy, Unions, Videos, Wisdom | Tags: , , , |

Pronk Pops Show 37:July 20, 2011 

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Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

 

U.S. Debt Clock

http://www.usdebtclock.org/

The CBS Evening News w…: Obama “cannot guarantee” social security

Obama blames Congress for stalling debt talks

Budget Director Won’t Answer If WH Would Prioritize Social Security Payments

Ron Paul : Obama Using Scare Tactics to Force Deal on Debt Limit!

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Sen. Toomey Gives a Speech on the Debt Limit at AEI

 

Ron Paul to Congress If Debt Is the Problem, Why Do You Want More of It

Peter Schiff 2011 : US debt ceiling talks in deadlock

US Debt Ceiling Barack Obama’s Doom Prediction Of Default If Debt Ceiling Is Not Raised

 

 

 

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

President Obama Press Conference pt.1

Sen. Rand Paul Speaks Out Against Pres. Obama on the National Debt Ceiling – 6/30/11

 

Sen. Rand Paul on Senate Floor regarding Debt Ceiling Negotiations – 07/05/11

Rand Paul Is VERY popular!

Pres Obama “I Cannot Guarantee Social Security Checks Go Out On August 3rd” If Issue Not Resolved

Wynn Slams Obama On Business: “Responsible For Fear In America”

Steve Wynn Speaks The Truth About Obama

Steve Wynn on Inflation & Economic Crisis

3 Reasons Why The Debt-Ceiling Debate is Full of Malarkey

Peter Schiff on Lou Dobbs Tonight 71211 Fox Business Channel

Bachmann: I call on Obama to “tell the truth”

Ron Paul: Obama Using Scare Tactics to Force Deal on Debt Limit

Ron Paul On Raising the Debt Ceiling

                                        FINANCIAL MANAGEMENT SERVICE
STAR – TREASURY FINANCIAL DATABASE
TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  06/11

PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
PRIOR YEAR

OCTOBER                                                                   135,293                311,656                176,363
NOVEMBER                                                              133,563                253,850               120,287
DECEMBER                                                                218,919                310,329                  91,410
JANUARY                                                                 205,239                247,873                 42,634
FEBRUARY                                                               107,520                328,429               220,909
MARCH                                                                       153,358                218,745                   65,387
APRIL                                                                          245,260                327,950                  82,689
MAY                                                                             146,794                282,721                 135,927
JUNE                                                                            251,048                319,470                   68,422
JULY                                                                            155,546                320,588                165,043
AUGUST                                                                      163,998                254,524                  90,526
SEPTEMBER                                                               245,207                279,813                 34,607

YEAR-TO-DATE                                                  2,161,746              3,455,949         1,294,204

CURRENT YEAR

OCTOBER                                                                   145,951                286,384                140,432
NOVEMBER                                                              148,970                299,364                150,394
DECEMBER                                                               236,875                315,009                   78,134
JANUARY                                                                 226,550                276,346                 49,796
FEBRUARY                                                                110,656                333,163               222,507
MARCH                                                                        150,894                339,047              188,153
APRIL                                                                          289,543                329,929                 40,387
MAY                                                                             174,936                232,577                 57,641
JUNE                                                                            249,658                292,738                 43,080

YEAR-TO-DATE                                                1,734,033              2,704,557           970,524

http://www.fms.treas.gov/mts/mts0611.txt

Interest Expense on the Debt Outstanding

The Interest Expense on the Debt Outstanding includes the monthly interest for:

  • U.S. Treasury notes and bonds
  • Foreign and domestic series certificates of indebtedness, notes and bonds
  • Savings bonds
  • Government Account Series (GAS)
  • State and Local Government series (SLGs) and other special purpose securities.

Amortized discount or premium on bills, notes and bonds is also included in the monthly interest expense.

The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 142KB, uploaded 07/07/2011).

Interest Expense Fiscal Year 2011
June $110,536,850,221.63
May $30,858,726,707.77
April $28,895,123,159.28
March $24,460,282,823.69
February $21,759,253,957.26
January $21,122,729,715.18
December $104,700,174,845.03
November $19,396,316,137.56
October $24,142,491,931.22
Fiscal Year Total $385,871,949,498.62
Available Historical Data Fiscal Year End
2010 $413,954,825,362.17
2009 $383,071,060,815.42
2008 $451,154,049,950.63
2007 $429,977,998,108.20
2006 $405,872,109,315.83
2005 $352,350,252,507.90
2004 $321,566,323,971.29
2003 $318,148,529,151.51
2002 $332,536,958,599.42
2001 $359,507,635,242.41
2000 $361,997,734,302.36
1999 $353,511,471,722.87
1998 $363,823,722,920.26
1997 $355,795,834,214.66
1996 $343,955,076,695.15
1995 $332,413,555,030.62
1994 $296,277,764,246.26
1993 $292,502,219,484.25
1992 $292,361,073,070.74
1991 $286,021,921,181.04
1990 $264,852,544,615.90
1989 $240,863,231,535.71
1988 $214,145,028,847.73

http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

Suggest the President read this report.

President Obama is lying as are the major networks in repeatedly telling the American people the United States will default on its debt if the National debt ceiling is not increased.

This is simply not true and is a lie.

Interest on the national debt is less than 10% of total tax revenues.

There is more than enough money being paid into to the United States Department of the Treasury each month to pay the interest on the national debt owed to the public as well as pay out all Social Security, retirement and disability checks.

Suggest the President start closing down and terminating employees in the bloated Federal bureaucracy.

Alternatively cut Federal Government spending across the board by 25%!

The President simply does not want to decrease Federal spending or outlays and instead wants massive tax increases starting in 2013.

The American people want Federal Government to be cut and the Federal Government’s budget to be balanced.

A balanced approach of higher taxes and higher spending is fiscally unbalanced and insanity.

Stop spending and balance the budget Mr. President.

Otherwise you will be replaced as will the Representatives and Senators who would vote for such balanced approach.

Raise the Debt Ceiling… Don’t Raise the Debt Ceiling…

The Government Doesn’t Need Any More Money…

The Government Bankrupted Social Security…

Background Articles and Videos

Wynn Resorts’ CEO Discusses Q2 2011 Results – Earnings Call Transcript

“…Stephen Wynn

Well, here’s our problem. There are a host of opportunities for expansion in Las Vegas, a host of opportunities to create tens of thousands of jobs in Las Vegas. I know that I could do 10,000 more myself and according to the Chamber of Commerce and the Visitors Convention Bureau, if we hired 10,000 employees, it would create another 20,000 additional jobs for a grand total of 30,000. I believe in Las Vegas. I think its best days are ahead of it. But I’m afraid to do anything in the current political environment in the United States. You watch television and see what’s going on, on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing’s going to get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year that the discussion in Washington is nauseating. And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems — that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America. You bet. And until we change the tempo and the conversation from Washington, it’s not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don’t want to say that. They’ll say, “Oh God, don’t be attacking Obama.” Well, this is Obama’s deal, and it’s Obama that’s responsible for this fear in America. The guy keeps making speeches about redistribution, and maybe we ought to do something to businesses that don’t invest or holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government, and there’s no need to soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs. …”

http://seekingalpha.com/article/279999-wynn-resorts-ceo-discusses-q2-2011-results-earnings-call-transcript?part=qanda

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

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

S-1 FY2012 Senator Rand Paul

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

4/14/11: Sen. Rand Paul Speaks Out Against the Continuing Resolution

Senator Lee explains the enforceability of a balanced budget amendment

Senator Pat Toomey Explains That Failing To Raise Debt Limit Doesn’t Cause Default

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

 

4/5/11 Republican Leadership Press Conference

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

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

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

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

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

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