Republicans need an ObamaCare “replacement strategy”- here it is: The U.S. Health Care Freedom Plan

No replacement strategy for ObamaCare..?

Oh, but there is indeed an alternative, for those who wish to transition to a citizen-centered health care plan.

And for those who do not wish to transition, “If you like your ObamaCare, you can keep your Obamacare.”

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Republicans Consider ObamaCare Repeal Without a Replacement Strategy         ZeroHedge 12-29-16                                                                                                         [Excerpts:]                                                                                                                               Republicans have spent a lot of time in recent weeks vowing to repeal Obamacare.  But, it is quickly becoming apparent that, since precisely zero people expected the 2016 election cycle to end with Republican control of all three branches of government in Washington D.C., no viable alternative has been fully vetted and stands ready to replace the failed legislation.  According to Bloomberg, the lack of a fully negotiated replacement option could result in Republicans repealing the bill on a piecemeal basis with a replacement to be implemented at a later date.

“They haven’t come to a consensus in the House and the Senate about the possible replacement plans,” said Douglas Holtz-Eakin, a conservative economist and former adviser to Senator John McCain’s 2008 presidential campaign. “They don’t know Point B.”

Republicans are debating how long to delay implementing the repeal. Aides involved in the deliberations said some parts of the law may be ended quickly, such as its regulations affecting insurer health plans and businesses. Other pieces may be maintained for up to three or four years, such as insurance subsidies and the Medicaid expansion. Some parts of the law may never be repealed, such as the provision letting people under age 26 remain on a parent’s plan.

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America’s dynamic new health care strategy:

The U.S. Health Care Freedom Plan 2017: America’s clean and affordable alternative to ObamaCare. Ready to launch.

The U.S. Health Care Freedom Plan is the only comprehensive, citizen-centered health care plan in America.  It ‘resets’ the health care industry to present a clean, efficient and responsible system.  Most importantly, this plan restores individual freedom and liberty for all participating Americans.

The Plan:

  1. The U.S. Health Care Freedom Plan is available to each and every U.S. citizen – with no coverage mandates. Each U.S. citizen who wishes to participate will be granted a full and complete exemption from the ACA.
  2. This plan offers freedom of choice and equal justice for all. Those Americans who might wish to stay with the ACA may stay (‘If you like your ObamaCare, you can keep your ObamaCare’).
  3. Each participating U.S. citizen shall receive a credit extension, through a special Federal Reserve Citizens Credit Facility, of $25,000, electronically deposited into a Medical Savings Account (MSA) – for direct allocation toward family health care needs.
  4. Private insurance – Families shall be allowed to enroll in high-deductible ($10,000 – $15,000) major medical plans, to include basic, ‘no frills’ medical plans which best suit their individual needs and desires. These streamlined plans would lower premium costs for employees and employers, encouraging employers to cost-share savings with employees through incentive-based employer MSA contributions.
  5. Policies would not be automatically loaded with expensive government healthcare mandates.
  6. Those with extraordinary medical issues may be included in a high-risk category, with such plans being eligible for a government subsidy (similar to current Medicare Advantage).
  7. Federal / state programs – Individuals enrolled in Medicare / Medicaid / VA / TRICARE / FEHB programs would maintain their covered status, with an annual deductible of $5,000 per year per enrolled family member, for a period of five years for those benefits. The dedicated MSA funds would fully fund the offset for the higher ($5,000) deductible feature for that five-year period. MSA funds could also be used to pay Medicare supplement premiums and other potential co-pay obligations.
  8. Where health care services paid by patients directly with MSA funds, providers would not be bound by federal / state rules pertaining to Electronic Medical Records (EMRs), and other unnecessary administrative burdens.

ContinueThe U.S. Health Care Freedom Plan 2017: America’s clean and affordable alternative to ObamaCare. Ready to launch.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2017 (1900)

Katz, Krueger: America’s “Part-Time Jobs” Debacle

A record 95.1 million working-age Americans are not currently in the labor market, according to a Dec 2, 2016 report.

Furthermore, the large majority of the jobs that the U.S. government takes credit for ‘churning out’ are… part-time, or “alternative work,” jobs.

America needs a new plan…

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Top Ex-White House Economist: “94% of All New Jobs Under Obama Were Part-Time    ZeroHedge 12-25-2016 / Excerpts:

[A recent] report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or “gig” work is defined as “temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers”, and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was “surprised” by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.

[Snip]

The decline of conventional full-time work has impacted every demographic. Whether this change is good or bad depends on what kinds of jobs people want. “Workers seeking full-time, steady work have lost,” said Krueger. He then added, perhaps sarcastically, that “while many of those who value flexibility and have a spouse with a steady job have probably gained.”

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America needs a citizen-centered economic acceleration plan to get our economy back up on its feet and moving forward….

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2017 (1888)

David Collum: “Full blown” recession coming. Solution…? The Leviticus 25 Plan

David Collum: We’ve Got A Recession Coming                                                            ZeroHedge 12-27-2016  /                                                                                                   Submitted by Adam Taggart via PeakProsperity.com,

[Excerpts:]                                                                                                                               Whether or not you’ve had time yet to plow your way through David Collum’s excellent 2016 Year in Review, our annual podcast with Dave always brings additional color to light — and this year’s is no exception.

Recession coming, one of the full-blown kind. And I don’t know what will happen. My prediction is that it is going to be a bad one. But what a lot of people don’t realize is that is when things start unwinding, counter party risk kicks in and faulty business models start showing up as bad and they start collapsing. All the accounting problems that built up behind the scenes so that the people cook the books to get their bonuses up and they made these crazy assumptions — under the protective cloak of a recession, CEOs can get away with announcing anything because they say Hey, don’t look at me. It’s a recession. So they write down huge blocks of cost.

This actually exacerbates the downswing because people are dumping all their cooked books and getting all the fraud off their books so they don’t have to fess up to the fact that they cooked them. In actuality, they’re getting ready to then start building up their stock options again from some bottom somewhere.

This is going to unwind. It has to unwind….

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When this storm hits… it’s not going to be pretty for millions of working families in America.

Big-government central planning and massive credit market debt purchases and interest rate targeting by Central Banks have done nothing create anything resembling true stability in global economics.

Financial stability and economic strength starts at ‘ground level.’

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                    The Leviticus 25 Plan 2017 (1884)

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America’s dynamic solution to the current economic quagmire: The Leviticus 25 Plan

Charles Hugh-Smith has perfectly outlined the fundamental failings of the world’s current  central-planning model and offered a roadmap back out of the economic swamp.

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Will Tax Cuts And More Federal Borrowing/Spending Fix What’s Broken?    Submitted by Charles Hugh-Smith via OfTwoMinds blog,

ZeroHedge Dec 21, 2016 -Excerpts:

Solutions abound, but not within our centralized state-cartel neofeudal system.

Not to rain on the new administration’s parade, but one question needs to be asked of any new administration: will tax cuts and more federal borrowing/ spending fix what’s broken in the U.S./global economy?

The short answer: if tax cuts and more federal borrowing/ spending were the cure for what ails the economy, we’d have reached Paradise long ago….

Despite decades of these centralized, standard-issue Keynesian “fixes,” the economy’s structural ills are only getting worse….

Ultimately, two dynamics will dominate everything else: the paid work/earnings of non-elites and the transition from wasteful, debt-funded “growth” to a sustainable “Degrowth” economy.

[snip]Would you be better off if your household had been paid an extra $100,000 in the 10 years since 2007? I am guessing the answer is “yes.”…

[The real solutions]:

1. Decentralize / devolve power to regional metro areas, cities, towns, communities and neighborhoods….

2. Align our educational system with the emerging economy and reduce the cost of higher education by 90%….

3. Transform our sick, centralized culture of consumption to a vibrant healthy culture of productive entrepreneurism….

4. Create capital and opportunity at the bottom of the pyramid where the 95% live rather than in the apex of the pyramid inhabited by the top .1%….

5. Limit the power of privilege by creating multiple pathways from the low-opportunity disadvantaged class to the abundant-opportunity advantaged class….

Solutions abound, but not within our centralized state-cartel neofeudal system. “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”   – R. Buckminster Fuller

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This is America’s new economic model that makes the existing Keynesian model obsolete:

:The Leviticus 25 Plan – a dynamic 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 Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                  The Leviticus 25 Plan 2017 (1864)

 

 

Former Fed Advisor: Pension fund time bomb, US needs “economic miracle” plan

Global economies are reeling, and America is itself skating on thin economic ice.

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Former Fed Advisor: State Pensons Time Bomb Spells Disaster for the US           ZeroHedge 12-17-16 – Excerpts

Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can’t be filled, is the ticking time bomb facing the US economy which faces dramatic cuts in public services – and potentially riots reminiscent of Athens six years ago – according to former Federal Reserve advisor, and President of Money Strong, Danielle DiMartino Booth.

As she picks apart the danger signs with the US on the precipice of recession, it’s the impending pensions crisis that keeps her awake at night, sharing the gloomy sentiment laid out in an extensive March 2016 Citi report titled “The coming pensions crisis.”

With few people taking part in what little recovery the US has had, and given how stretched pensions are, checks are going to have to be written from Washington sooner than you think, DiMartino Booth told Real Vision TV in an interview. “The Baby Boomers are no longer an actuarial theory,” she said. “They’re a reality. The checks are being written.”

A Bulldozer Couldn’t Fill the State Pensions Gap

The $1.3 trillion pensions deficit just takes into account state and municipal obligations, and with promised returns of 8% and funds compounding at 3% for decades it will take nothing short of an economic miracle to recover.  “The average state pension in the last fiscal year returned something south of 1%. You cannot fill that gap with a bulldozer, impossible,” DiMartino Booth said. “Anyone who knows their compounding tables knows you don’t make that up. You don’t get that back unless you get some miracle.”

The last time we saw significant market weakness, the baby boomers pretty much accepted that they would be retiring at 70 instead of 65, she added. “Well, guess what? They’re turning 71. And the physiological decision to stay in the workforce won’t work for much longer. And that means that these pensions are going to come under tremendous amounts of pressure.

“And the idea that we can escape what’s to come, given demographically what we’re staring at is naive at best. And it’s reckless at worst,” DiMartino Booth said. “And when you throw private equity and all of the dry powder that they have — that they’re sitting on — still waiting to deploy on pensions’ behalf, at really egregious valuations, yeah, it’s hard to sleep at night.”

Pension Fund Underfunding is Ground Zero

The interview with Real Vision was held in Dallas, which DiMartino Booth said is Ground Zero for the pensions crisis, where returns for the $2.27 billion Police and Fire Pension System have suffered due to risky investments in real estate made over a decade ago. Huge withdrawals are now taking place, amid concerns over the future viability of the pension scheme, which commentators say could be flat broke in a little over ten years.

“We’re seeing this surge of people trying to retire early and take the money. Because they see it’s not going to be there. And if that dynamic and that belief spreads– forget all the other problems,” DiMartino Booth said. “The pension fund — underfunding is Ground Zero.”

The gravity of the situation with the lack of returns is magnified by the fact that the underperformance has been going on for between ten and 15 years. Calpers, the California Public Employees’ Retirement System is a case in point, amid reports that it returned just 0.6% last year compared with its long term target of 7.5%. …

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Again:  “The $1.3 trillion pensions deficit just takes into account state and municipal obligations, and with promised returns of 8% and funds compounding at 3% for decades       it will take nothing short of an economic miracle to recover.”

And here is America’s “economic miracle” plan:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                        The Leviticus 25 Plan 2017 (1840)

 

America’s dynamic solution to big government’s dead-end, debt-fueled social welfarism and stagnant economic growth: The Leviticus 25 Plan

Big government central planning:                                                                                      Middle Income Americans (share of U.S. Households) have been caught up in a long term declining trend.

Over a full 9-year period, Real (inflation-adjusted) Median Household Income growth has been ‘negative.’

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Decade of Negative Real Interest Rates: Who Benefited?                                              Mish Talk – Global Trend Analysis,  Nov 29, 2016  /  Excerpts:

Wealth Gap

Real (inflation-adjusted) Median Household Income is ‘off’ 0.6% since 2008.

medium-household-income-2016-11b

Doug Short notes: The reality illustrated here is that the real median household income series spent most of the first nine years of the 21st century struggling slightly below its purchasing power at the turn of the century. Real incomes (the blue line) hit an interim peak at a fractional 0.7% in early 2008, far below the nominal illusionary interim peak (as in money illusion) of 27.2% six months later and the latest at 42%, a record high. The real median household income is now at -0.6% from its turn-of-the-century level. In essence, the real recovery from the trough has been frustratingly slow.”

Who Benefited?

  • Bailed out banks
  • Government bodies via property tax hikes, income tax hikes, sales tax hikes and collection
  • Asset holders – The wealthy

The median guy lost. Those at the bottom end got clobbered much harder. Only the top 10% or so fared well.

The primary beneficiary of QE, negative real rates, and inflation was the top 1%.

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Note again:  The primary beneficiary of Central Bank policies over the past 9 years has been the top 1%.

America does not need government-inspired wealth redistribution schemes to rebalance income inequalities.

America should not, and cannot, continue to facilitate ongoing dead-end, debt-fueled social welfarism to care for the poor.

America needs a dynamic new economic acceleration plan that grants U.S. citizens the same access to liquidity that was granted to Wall Street’s privileged financial class during the great bailout bonanza of 2007-2010.

America’s dynamic new plan:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                        The Leviticus 25 Plan 2017 (1831)

Gallup: America “running on empty”

A new Gallup report has found that America’s economic recovery ship is now running on fumes…

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Gallup CEO warns: “America Inc Running On Empty… And It’s Too big To Turn Around  ZeroHedge 12-7-2016  Excerpts:

The U.S. Council on Competitiveness asked Gallup to conduct, pro bono, a comprehensive study of U.S. growth and productivity for the Council’s 30th anniversary.

Chairman Jim Clifton enthusiastically said yes, and describes his findings…

A Gallup senior economist led the study. Top Gallup experts and esteemed external senior scientists reviewed it to ensure statistical and theoretical accuracy and objectivity.

Conventional wisdom — as reported in many major newspapers and media — tells us the U.S. economy is “recovering.” Well-meaning economists, academics and government officials use the term “recovery” when discussing the economy, implying that growth is getting stronger.

The study, released today, finds there is no recovery. Since 2007, U.S. GDP per capita growth has been 1%.

 The Great Recession may be over, but America is dangerously running on empty.

20161202_GrowthSlowdown_chart

Think of our country as a company, America Inc., which has more than 100 million full-time employees, with about $18 trillion in sales and $20 trillion of debt. The most serious problem facing it is no growth. In addition, America Inc. has three soaring expenses threatening to bankrupt the company and its shareholder-citizens: healthcare, housing and education.

As this report notes, in 1980, these three sectors accounted for 25% of total national spending — today, they account for more than 36%. They also account for most of the total measured inflation over the same period. And without inflation in these sectors, real annual productivity — defined as GDP per capita growth — would have been an estimated 3.9% instead of 1.7%.

My own opinion is that America Inc. is too big to “turn around” like one would a company or any other organization. There is no quick fix to something this huge and complex. But there is a long-term fix, which is to get GDP increasing to 3% and higher while slowing the increasing costs of healthcare, housing and education.

When real growth returns, productivity will increase, and America Inc.’s empty tank will refill.

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And there is one economic acceleration plan in America with the power to breathe new life into growth and productivity, and restore economic liberty:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1826)

NY Fed -Total Debt Balance and its Composition: back up over $12 trillion

Consumer debt has climbed back up over the $12 trillion mark and is close to matching his high mark from the 2007-08 period, coinciding with the start of the last great financial crisis.

The Total Debt Balance and its Composition chart from the Federal Reserve Bank of New York (FRBNY) shows the current U.S. Mortgage debt level hovering at the $8.3 trillion level, slightly lower then the 2008-08 peak of approximately $9 trillion.

How many American families will lose their homes during the next financial crisis?

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During the last financial crisis (2007-2010), a massive default wave swept across America.

According to RealtyTrac  – June 16, 2009, an estimated “10 million homeowners [were] foreclosed through 2012. According to the report during that period, “on average every foreclosure costs the economy $225,000…The losses translate into trillions of dollars, and it is becoming abundantly clear U.S. taxpayers will foot the bill.”

And we did. The U.S. Treasury and Federal Reserve bailed key banks out of their subprime gambling-binge capital hole during those crisis years (2007-2012).

America needs a new plan this time around – one that will insulate American families from the financial distress of another major economic ‘shock.’

And their will be one.  It’s just a matter of time.

America’s new Plan:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1823)

 

 

 

 

The Leviticus 25 Plan: The power and agility of properly targeted liquidity infusions

The Leviticus 25 Plan grants the same access to liquidity extensions that were provided to banks and insurers during the financial crisis, to bail them out of their subprime misadventures and restore them to ‘financial health.’

The Leviticus 25 Plan’s primary goal is to, in like manner, restore ‘financial health’ for American families, through a massive debt pay-down and a revitalization of economic liberty and free market dynamics.

The Plan will materially reduce the citizenry’s dependence on government and thereby insulate citizens from the untoward effects of government influence and control over their daily affairs.

The Plan will re-energize vigorous, sustainable economic growth, and it will recapture massive amounts of tax refund and social welfare payouts, with a net result at the federal level of $1.135 trillion surpluses over each of the first five years following launch.

The $1.135 trillion federal budget surplus is based solely upon The Plan’s recapture benefits. It does not include the new tax revenues that would be generated from the substantial gains in economic growth.

The $1.135 trillion estimate therefore understates the true growth in tax revenues that would accrue.

The power and agility of The Leviticus 25 Plan                                                  Imagine the dynamic growth benefits of an economic plan granting liquidity benefits sufficient to pay off 60% of the mortgage debt in the U.S..

The chart below, courtesy of the Federal Reserve Bank of New York (FRBNY) shows a current mortgage debt load in the U.S. of approximately $8.3 trillion. A 60% pay-down in that debt would eliminate $5 trillion in mortgage debt.

That $5 trillion would, in effect, pay off 5 million mortgages, each with a balance of $100,000.  Assuming a 4% rate of interest and a period of 20 years to maturity, the “total cost of mortgage” on each of the mortgages would amount to $145,000. The net debt reduction benefit from the elimination of 5 million $100,000 mortgages over a 20 year period would be $7.25 trillion.

On a monthly basis, a $100,000 mortgage with a 4% rate of interest and 20 years to maturity would require principle and interest payment of approximately $600 in monthly debt service.

Eliminating that $600 monthly debt service payment for 5 million families would result in that $600 of new-found discretionary liquidity for each family each and every month for the next 20 years. And that would amount to $3 billion in new money for main street America each month for the next 20 years.

This $3 billion in new liquidity flows for main street America would strengthen small business, increase growth in quality jobs, increase tax revenue and payroll tax growth.

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The Leviticus 25 Plan is a powerful economic growth engine like no other plan in existence.  It is a powerful defender of individual freedom and liberty like no other.

The Leviticus 25 Plan is a dynamic 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 Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                              The Leviticus 25 Plan 2017 (1819)

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

 

Dollar General reports on ‘core consumer base.’ Things are not getting better.

The lower economic stata in America is struggling and things are getting tighter.

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Dollar General’s Startling Admission: Half Of U.S. Consumers Are Feeling More “Dire” Than Ever  ZeroHedge, Dec 1, 2016 – Excerpts:

 When we last looked at the performance of deep discount retailer Dollar General three months ago, we found something troubling: company CEO Todd Vasos, who badly missed its earnings expectations, admitted on the Q2 conference call that he was surprised to admit that while on the surface things are supposed to be getting better, the reality is vastly different for low-income US consumers:

I know that when we look at globally the overall U.S. population, it seems like things are getting better. But when you really start breaking it down and you look at that core consumer that we serve on the lower economic scale that’s out there, that demographic, things have not gotten any better for her, and arguably, they’re worse. And they’re worse, because rents are accelerating, healthcare is accelerating on her at a very, very rapid clip.

Making matters worse, he added that the company’s core consumers base, 65% of which is comprised of lower-income shoppers, has been impacted by the recent reduction or elimination in foodstamps: “now couple that in upwards of 20 states where they have reduced or eliminated the SNAP benefit, and it has really put a toll on [the core consumer].”

 He elaborated that the reduction in foodstamps benefits promptly filtered through the entire business model, and culminated with Dollar General being forced to cut prices to remain competitive.

While America’s poorest where pressured on one side by declining foodstamp benefits, on the other they were getting hit by rising rental and healthcare costs:

“[The] core consumer, I tell you, has gotten no better as far as her economic well-being. Matter of fact, she tells us, while we’re out in the stores or even through all of our panel data that we do, that while things haven’t gotten a lot worse as far as income coming in, other than the recent SNAP decrease, my expenditures are going up at a very rapid rate. Healthcare is one of the big ones, because most of our consumers, while she may be working, doesn’t have healthcare, and we all know that she’s having to now pay for this healthcare or be taxed on it, right? So that is starting to really play against that low-end consumer right now, and it will continue to play against her. You couple that with those rents that we talked about, those increased rents are real, and in many parts of where we serve our customer, the affordability and availability of rental units are getting more and more scarce, which is driving up prices. And we’re seeing that because most of our core customers cannot and do not own their own homes.”

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Our U.S. government and Federal Reserve pumped massive liquidity infusions into the Wall Street financial sector to resuscitate the global banking system and restore financial health to America.

Their efforts have done little for grass roots America.

Debt loads are at all-time highs. Real Median Household Income has flat-lined over the past 9 years.  More Americans than ever are dependent on government or on charitable organizations for food and shelter..

It is time for change:

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                        The Leviticus 25 Plan 2017 (1815)