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 

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 34-36

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: 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.

Related Posts On Pronk Pops

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

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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