Total Credit Market Debt Owed (TCMDO) covers all U.S. debt, public and private.
The chart below from the St. Louis Fed shows the massive gap that has developed over the past 25 years between TCMDO and Gross Domestic Product (GDP).
Total Credit Market Debt Owed has reached $54 trillion dollars (as of 2012), in a $16 trillion dollar economy (GDP).
This debt gap is an enormous drag on economic growth and financial stability for American families. And no one in government has any viable solution. No one.
Their ‘solutions,’ by default are Fed balance sheet expansion (fiat money printing), and austerity (which will hit only the working poor and the middle class).
The Leviticus 25 Plan is the only plan anywhere in America today – that offers a legitimate solution to this gigantic debt burden and enormous social dilemma.
The Leviticus 25 Plan provides a dynamic mechanism for the elimination of massive amounts of debt at the family level – through direct liquidity extensions to U.S. citizens.
The Plan will re-ignite economic growth.
It will breathe new efficiencies into the economy (healthcare, housing, family finances) through free market dynamics – and slow the rate of inflation.
It will lift people out of poverty, rather than facilitating poverty through government dependence and economic disincentives.
The Leviticus 25 Plan will ‘balance the budget’ for America. And it will pay for itself over a period of 10-15 years.