One economic plan in America delivers $1.094 trillion annual surpluses for each of the next 5 years: The Leviticus 25 Plan

America is in a ‘slow-burning’ debt crisis.
And big government ‘solutions’ are strangling the economy and snowballing the public and private debt loads.

National debt – current: U.S. National Debt Clock : Real Time – reports the national debt (on a cash basis) at $18.205 trillion – as of April 2, 2015.

Budget deficits – 2013, 2014:
The U.S. Government budget deficit for 2013 came in at $680 billion. The most recent annual budget deficit, for the fiscal year ending September 30, 2014, came in at $483.35 billion (WSJ Oct 15, 2014).

The Congressional Budget Office projects deficits to level off between $500-$600 billion over the next several years, and then begin climbing rapidly up to the $7.1 trillion level by 2024 (Budget projections 2013-2024)

Note – CBO forecasts are typically based upon what is known as the “rosy scenario” economic baseline. The budget deficit projections listed above are likely to be worse than anticipated.

Something needs to change soon — to get America moving again.
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The Leviticus 25 Plan is the bold, new plan that will do just that.

The Leviticus 25 Plan grants the same type of direct liquidity infusions to U.S. citizens that the Federal Reserve granted to institutional fiduciaries during the banking crisis of 2007-2010.

The Plan assumes an 80% participation rate by U.S. citizens, with a $16.8 trillion credit extension through a Citizens Credit Facility into Family Accounts and Medical Savings Accounts of participating citizens.

The Plan’s recapture provisions alone would amount to a massive $1.694 trillion annually for each of the first five years.

Government budgets are currently projected to average $600 billion annually over the coming five years.

The Leviticus 25 Plan would therefore generate an average of $1.094 trillion in annual budget surpluses during each of those years.

$1.094 trillion in annual budget surpluses, every year for the next five years – that would be transferred back to the Federal Reserve to begin a gradual balance sheet reduction.
Recapture projections do not include the additional tax revenues that would be generated from a revitalized economy with more American working, paying taxes, and contributing to Social Security, Medicare and Medicaid trust funds.

Recapture projections do not include the annual interest expense savings from not accruing an average of $600 billion in additional debt annually over the next five years.
Recapture benefits do not include the additional tax revenues and cost savings that would be realized at the state and local levels.

The Leviticus 25 Plan recaptures $8.468 trillion (over 50%) of the $16.8 trillion outlay during the initial 5-year period.

The Plan further assumes that over the course of the next 10-15 years, continuing benefits from ”dynamic inertia” would generate ongoing Fed balance sheet reduction, back to pre-expansion levels.

Message to Congress: your status quo, central-planning economic strategies have strangled America, robbed our citizens of basic freedoms, and promoted instability and class warfare.

It is time for change. Economic liberty. Change in America’s debt dynamics.  Free-market economic growth with equal opportunity for all Americans.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (888)

 

“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon

The Leviticus 25 Plan s been receiving a steady flow of ‘hits’ from all over the world:  London, Stockholm, Athens, Barcelona, Geneva, Basal, Budapest, Beijing, Sydney, Sao Paulo, Paris… New York, Chicago, Denver, Dallas, Minneapolis… and others.

The Leviticus 25 Plan is a novel economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens. It is a comprehensive plan with long-term economic and social benefits for citizens and government. The inspiration for this plan is based upon the Biblical principle set forth in the Book of Leviticus, tendering direct economic liberties to the people.

The legitimacy of The Leviticus 25 Plan is derived from five foundational concepts:
1. The Biblical precedent set forth in the Book of Leviticus, Chapter 25, directs a periodic restoration of economic liberty at the family level.
2. Liquidity must be restored at the family level, in order to restore genuine economic growth.
3. The true U.S. fiscal deficit, on a Net Present Value (NPV) basis, is beyond containment.
4. American families should be granted the same opportunities for “zero interest rate” credit extensions from the Federal Reserve, or the Department of Treasury, that have been made available to major U.S. financial institutions and foreign banks.
5. Federal Reserve debt balance sheet expansion, when and where deemed necessary for the U.S. financial system, must include a mechanism for direct liquidity flows to U.S. citizens – thereby allowing for an equal balance of debt reduction and financial stabilization at the family level.

Benefits – The Leviticus 25 Plan will:

Provide direct liquidity infusions to American families.

Optimize the allocation of health-care services and spending (including Medicare and Medicaid).

Improve the economic climate for U.S. small businesses.

Improve employment opportunities for all Americans.

Generate a long-term, healthy stream of tax revenue for government (federal, state, local).

Reduce the cost of government, strengthen U.S. housing market, and stabilize the banking system.

Reduce the scope of social programs and their control over U.S. citizens.

The Leviticus 25 Plan will revitalize economic growth and advance the cause of positive economic and social incentives for all Americans.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen

The Leviticus 25 Plan 2015 (882)

How’s this for big government central planning? … (Atlanta Fed Q1 GDP forecast: 0%)

After 5 years and trillions of dollars in Wall Street bailouts, government-inspired stimulus programs and government-driven social welfare programs (which serve to keep people mired in poverty) — here we are in April 2015 with a 1Q 0% GDP forecast staring us in the face.  Thank you for the ‘heads-up, Atlanta Fed.

After the 2008-09 crash, the economy has been limping along for the past five years. .  Social welfare programs have been booming. Over 92 million working-age Americans are no longer counted in the labor force.

Liquidity flows into Wall Street’s coffers has been substantial.  Liquidity flows to mains street America have been meager.

The national debt, on a cash basis, sits at the $18.2 trillion level.  The U.S. government’s  unfunded liabilities on a Net Present Value (NPV) basis is “beyond containment” – at over $100 trillion.

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It is time to restore economic liberty and get America moving again.

It is time to construct the one operational funding facility that will target liquidity flows in a way that eliminates debt at ground level, re-ignites true economic growth, generates massive tax revenues, and creates budget surpluses: the Citizens Credit Facility.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (880)

States are eyeball deep in dependence on federal dollars…

… and that is not a healthy state of affairs.

Dependence on federal money requires “obedience to Caesar,” and that automatically carries with it an implicit loss of freedom … and exposure to financial crises.

It’s Happy Hour, and Uncle Sam Is Pouring – WSJ Apr 11-12, 2015

“Today, about $2.4 billion – more than a third of the state’s [Idaho] budget – comes from the federal government. Federal dollars support programs for the elderly and healthcare such as Medicaid. Federal dollars are used to run transportation and environmental-protection programs. Federal money is used to hunt down child predators on the Internet and subsidize elementary and high-school breakfast and lunch programs.
Idaho is hardly alone in its reliance on federal cash. According to the non-partisan research organization State Budget Solutions, Mississippi is the country’s most federally dependent state, receiving almost 43% of its budget from the national treasury.

Louisiana, Tennessee, South Dakota, Missouri, Montana, Georgia, New Mexico, Alabama and Main round out the top 10.”
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There is a comprehensive economic revitalization plan that will fix this unhealthy dependence.

The Leviticus 25 Plan restores financial health to American families through direct access to liquidity – the same access that was granted to Wall Street’s financial sector, foreign banks, and other fiduciary interests during the financial crisis of 2008-09.

Participating families in the Leviticus 25 Plan will be able to purchase their own school lunches.

Families enrolled in Medicaid will have the immediate resources to pay with cash for the first $4,000 in claims over the course of a year for each family member’s healthcare needs. The same would hold true for enrollees in Medicare, TRICARE, VA, and FEHB.

The Leviticus 25 Plan would generate massive tax revenues, providing states with more than adequate budgetary resources to fund many of the special circumstance programs that the federal government has initiated.

There is one plan in America that restores economic liberty and civil freedoms, provides for massive debt reduction and financial security at the family level, and generates legitimate economic growth and significant government budget surpluses.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (874)

Kyle Bass: “Massive central bank balance sheet expansion and capital controls” coming…

Excerpted from Steven Drobny’s The New House Of Money,                               Accessed from: ZeroHedge 12-5-2013:

Bass: There are going to be consequences to central bank balance sheet expansion all over the world. Look at currency cross rates. If all central banks are expanding at the same rate, the cross rates aren’t moving, but your purchasing power, in terms of goods and services in the country where you live, is diminishing. You’re not focused on real returns, you’re preoccupied with the cross rates…..

Bass On inflation: When you look at what’s going on from an inflation perspective, central banks have printed about $10 trillion dollars since the beginning of the crisis. The first $4-5 trillion went into re-equitizing heavily leveraged structures and bringing down rates. The second $4-5 trillion is making its way into the monetary base, and even though the multiplier is not working, at some point this is going to ignite and set cost pressures off. Again, it won’t be demand-pull, which is technically a good kind of inflation. Rather, it would result from too much money in the system.

Bass On QE’s effects on wealth inequality:                                                                 It will show up in food in the early stages. Global QE is filtering its way into asset prices. Those closest to the proverbial spigot are enjoying the printing the most with most in the middle and lower class not feeling the love at all. All you have to do is look at the gap between median income and mean income growing ever wider. This means the rich are getting richer while the rest stay stagnant or even decline.

Bass: The point is that no one will make those difficult decisions unless they’re forced to make them. The politics of all these situations tell me how this is going to play out, and that’s through massive central bank balance sheet expansion and capital controls.

The Fed recently wrote a paper that actually endorsed capital controls if done concurrently with other nations. It’s hard for me to fathom that capital controls can ever be a great idea, but this is what you’re going to see.”

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America needs a bold new approach.

The Leviticus 25 Plan is the only legitimate comprehensive economic recovery in America today.

This economic revitalization plan features direct liquidity extensions to U.S. citizens, massive debt reduction at the family level, allocation of capital by the people – rather than by government “central-planning” mechanisms.

The Leviticus 25 Plan would restore economic liberty, reduce the scope of government, re-ignite real economic growth, generate real tax revenue growth (federal, state, local), and make a real difference in peoples’ lives.

The Leviticus 25 Plan is the only plan in America that would deliver meaningful real-time benefits to American families –  and pay for itself over a 10-15 year period.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (871)

 

Billions in taxpayer dollars landed in financial coffers of none other than Warren Buffett during the 2008-09 Wall Street bailouts. Act 2: Buffett, the slumlord.

Thank you Hank Paulson, Tim Geithner, and Ben Bernanke – from the bottom of Warren Buffett’s heart…

The U.S. government, responding to a critical need to rescue the Wall Street financial sector and resuscitate the economy during the 2008-09 financial crisis, funneled trillions of dollars in direct cash transfers, emergency loans, credit guarantees, and balance-sheet-clearing toxic mortgage debt purchases – to many of America’s premier financial corporations.

Billionaire Warren Buffett lobbied hard for the massive bailouts, and with good reason. At least eight of these companies receiving billions of dollars of taxpayer bailouts were owned by Mr. Buffett’s Berkshire Hathaway.

Buffett’s Betrayal: Rolfe Winkler | Reuters  / Aug 4, 2009

Excerpts:                                                                                                                                 A good chunk of his [Warren Buffett’s] fortune is dependent on taxpayer largess. Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out.

Berkshire Hathaway, in which Buffett owns 27 percent, according to a recent proxy filing, has more than $26 billion invested in eight financial companies that have received bailout money. The TARP at one point had nearly $100 billion invested in these companies and, according to new data released by Thomson Reuters, FDIC backs more than $130 billion of their debt.

To put that in perspective, 75 percent of the debt these companies have issued since late November has come with a federal guarantee.

buffett-bailout2

Without FDIC’s debt guarantee program, even impregnable Goldman would have collapsed.

And this excludes the emergency, opaque lending facilities from the Federal Reserve that also helped rescue the big banks. Without all these bailouts, the financial system would have been forced to recapitalize itself.

Banks that couldn’t finance their balance sheets would have sold toxic assets at market prices, and the losses would have wiped out their shareholder’s equity. With $7 billion at stake, Buffett is one of the biggest of these shareholders.

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Meanwhile, back at the ranch in 2015… the country’s second richest man is back, ‘sticking it to’ the very people whose billions of dollars bailed him out seven short years ago – U.S. taxpayers.

Warren Buffett, Slumlord – Predatory Loans, Kickbacks & Preying On The Poor   ZeroHedge /  04/06/2015                                                                                           Excerpts:

Buffett’s mobile-home empire promises low-income Americans the dream of homeownership. But Clayton [controlled by America’s second richest man – billionaire Warren Buffet] relies on predatory sales practices, exorbitant fees, and interest rates that can exceed 15 percent, trapping many buyers in loans they can’t afford and in homes that are almost impossible to sell or refinance, an investigation by The Seattle Times and Center for Public Integrity has found.

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U.S. citizens deserve nothing less than the same access to liquidity that was granted to wealthy elites during the Wall Street bailout.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (864)

April 2015: CBO issues warning on national debt interest expense

TAXPAYER CALCULATOR: US is piling up debt — but at what cost to you?
Published April 15, 2015 / FoxNews.com / By Meghan Welsh
Excerpts:
March 26, 2015: A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington. (Reuters)
The federal government must make regular interest payments on the money it has borrowed to finance past deficits – that is, on the national debt held by the public.

The Congressional Budget Office has estimated that the federal government’s net interest payments on that debt will total $229 billion in the 2015 fiscal year. Working Americans end up having to foot that very large bill to varying degrees based on each individual taxpayer’s adjusted gross income.

And the CBO expects that this challenge will accelerate over the next decade. Current interest rates are low by historical standards and higher interest rates means higher interest payments. It’s projected that net interest costs will more than triple over the next decade, reaching $808 billion in 2025.

These numbers pose a real threat. The CBO has issued warnings about the serious negative consequences that such high and rising debt and interest payments on the debt could have on both the economy and the federal budget.
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Note – the U.S. government has no plan to address this snowballing debt burden. And bear in mind that the CBO warning does not even factor in the even greater problem regarding America’s debt on a “net present value” (NPV) basis.

America needs some new answers. Fast,

The Leviticus 25 Plan provides them:                                                                                One economic plan in America delivers $1.094 trillion annual surpluses for each of the next 5 years: The Leviticus 25 Plan

 

 

April 2015: U.S. government pumps $60 million in taxpayer money to …. (drum roll)…. Russia.

The gravy train recently stopped at Russia’s doorstep to drop off $60 million in U.S. taxpayer dollars. Yes, this is the same Russia that annexed Crimea and is currently threatening Ukraine. The same Russia that has been provoking Europe and the U.S. – and rattling its nuclear saber.

Fox News – April 9, 2015                                                                                                     UN paid Russian air charters hundreds of millions while Putin invaded Ukraine
Excerpts:
EXCLUSIVE: In the 14 months since Russian President Vladimir Putin annexed Crimea and sent proxy fighters to invade eastern Ukraine, Russian companies have won more than $212 million in United Nations contracts to ferry troops, supplies and equipment — on peacekeeping missions.

The tally amounts to nearly one-third — 32 percent — of the money U.N. headquarters has spent on peacekeeping air transport during that time, according to the U.N.’s procurement website.

The U.S. pays 28.4 percent of all U.N. peacekeeping expenses, so the Obama administration’s contribution to the Russian bottom line amounts to more than $60 million.
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America has been leaking out a lot of money over the last several years to help bailout Ukraine and Greece. And now we’re leaking $60 million in new money to Russia via sweetheart deals they have with the U.N..

This is all on top of the trillions of dollars in direct cash transfers, discount window access, credit guarantees, and toxic asset purchases that our government and Federal Reserve employed to bail out Wall Street’s financial sector during the financial crisis 2008-09.

This asymmetrical largesse has gone on long enough. It is now time to even things out and grant direct liquidity access for U.S. citizens.

We’re not going to get our money back from Russia, Ukraine, or Greece.

The Leviticus 25 Plan, on the other hand, does provide for a full recapture  – paying for itself over a 10-15 year period.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (861)

 

Credit picture turns sour. Economic stagnation settling in. Time for a fresh start: The Leviticus 25 Plan

 ZeroHedge 04/07/2015: Revolving Debt Crashes Most In Four Years, As Student, Car Loans Go Exponential; Bank Lending Freezes

Excerpts:                                                                                                                         “There was only bad news in the just released Fed consumer credit report for the month of February.

First, the “good credit“, the one that consumer should load up on when they feel comfortable about the future, i.e., credit card, or revolving debt, continued its recent plunge, and in February crashed by $3.7 billion, following January’s $1 billion plunge. This was the worst month for revolving credit since December 2010 and explains perfectly why the consumer has literally gone into hibernation – it has nothing to do with the weather, and everything to do with the unwillingness to “charge” purchases, which in turn is a clear glimpse into how the US consumer sees their financial and economic future.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/03/Revolving%20Credit_0.jpg

This plunge, however, was more than offset by a surge in “bad” credit, the type that even Obama wants to do away with, namely non-revolving credit, mostly student and to a lesser extent auto credit. In February, this debt funded almost exclusively by the US government, soared by $19.2 billion, the highest monthly notional since July 2011!

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/03/Non-revolving%20credit_0.jpg

And while we will never tire of watching just how exponential this non-revolving credit chart has gotten, here it is again, for any non-frequent readers. Truly a thing of beauty.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/03/non%20revolving%20exponential_0.jpg

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“Good credit” is plunging and “bad credit” is surging. This is not confirmation of a healthy economy.

America’s government-managed economy is a dismal disappointment.

We need a bold new plan.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (852)

 

ZeroHedge: “Startling student debt numbers”…

The Fed’s Startling Student Debt Numbers That Every Young Person Should See ZeroHedge 03/30/2015    Submitted by Simon Black via Sovereign Man blog :

“What I’m about to tell you is not my own opinion or even analysis. It’s original data that comes from the United States Federal Reserve and national credit bureaus.
1. 40 million Americans are now in debt because of their university education, and on average borrowers have four loans with a total balance of $29,000.
2. According to the Fed, “Student loans have the highest delinquency rate of any form of household credit, having surpassed credit cards in 2012.”
3. Since 2010, student debt has been the second largest category of personal debt, just after a home mortgage.
4. The delinquency rate for student loans is now hovering near an all-time high since they started collecting data 12 years ago.
5. Only 37% of total students loan balances are currently in repayment and not delinquent.”

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The major complicating factor in the exploding “student debt” problem is the scarcity of good-paying jobs for college graduates – the kind that provide a level of income with plenty of room to repay debt in a timely fashion.

How are things looking for recent college graduates and their debt repayment prospects?

The Atlanta Fed recently projected “0% growth” (GDPNow) for the current quarter.  More…                                                                                                                       RECORD 93,175,000 AMERICANS NOT WORKING…
Record 12,202,000 Blacks Not In Labor Force…
Record 56,131,000 Women…
January, February jobs numbers revised down dramatically…
Fed Cuts Growth Forecast to Zero…

There is only one economic plan in America that reignites economic growth and gets the country moving again.

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                    The Leviticus 25 Plan 2015 (849)