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

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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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