The U.S. Health Care Freedom Plan: “If you like your ObamaCare, you can keep your ObamaCare.” Every other U.S. citizen will receive an ACA exemption and $25,000 in a qualified MSA.

The Affordable Care Act (ACA), or “ObamaCare,” was signed into law on March 23, 2010, with most of its provisions going into effect on January 1, 2014.  Over the past three years, despite billions of dollars in back-end subsidies to the insurance industry, major insurers have been losing money on ACA plans and abandoning state exchanges. Centers for Medicare and Medicaid Services (CMS) reported that for ObamaCare’s second benefit year (2015), it would need to make “$7.8 billion in reinsurance payments to 497 of the 575 participating issuers nationwide,” due to contribution deficits versus payment requests within the industry (Kaiser Foundation Aug 17, 2016).

Insurance companies went on to lose approximately $2 billion on the exchanges in 2016.  United Healthcare, one of the largest insurers in America, anticipated an $850 million loss and announced plans to pull out of 27 of the 34 plans where it had been offering coverage.  Rivals Aetna, Anthem, and Humana each projected $300 million in ACA plan losses, with Aetna bailing out from 11 of 15 states (Bloomberg, Aug 17, 2016).

Cooperative health insurers like CoOportunity Health (Iowa, Nebraska), created with federal dollars under the ACA, began collapsing in 2015, rolling across the country from New York to Oregon. By August 2016, only seven of the original 23 co-ops were still operational (Forbes, Oct 29, 2015).

Healthcare premiums for consumers have been rising at double digit percentages for the past four years.  ObamaCare’s 2017 rate increases, finalized in October 2016, included an average cost increase of 25% nationally (Kaiser Family Foundation). The 10 hardest hit states are seeing premium increases average in at “62% while Arizona is officially the biggest loser with rates in Phoenix soaring 145%.”

Over a million middle class Americans have dropped coverage each of the past two years due to burdensome price increases and skyrocketing deductibles. “ObamaCare, according to the liberal New York Times (Oct 2, 2016), is “too expensive and inaccessible.”

Healthcare providers and institutions are being squeezed hard by ObamaCare penalties and reduced payment rates.  Physicians have been negatively impacted by reimbursement cuts, and ObamaCare’s non-clinical burdens and paperwork have forced many medical professionals into spending more of their precious time responding to the federal bureaucracy and less time with patients (CNN Jan 17, 2017).

A recent analysis by the Kaiser Foundation (Mar 10, 2017) estimated that 79% of hospitals in the U.S. will be hit with ObamaCare penalties totaling over a half billion dollars in fiscal 2017.

Finally, the sheer magnitude of ObamaCare’s administrative costs have been stunning.

Federal government data for establishing and operating the ACA exchanges included “costs to the federal government of operating the federally-run exchanges, federal grants to states to establish their own exchanges or for expenses relating to coordinating with a federally-run exchange, and CMS’ administrative costs related to those grants.”

In the ACA roll-out year, 2014, “The total federal cost for the ACA exchange program was $9.75 billion to enroll 6.34 million people,” a per capita administrative cost of “$1,539 for the federal government, excluding administrative costs to the insurers for enrolling and serving those individuals.” The federal administrative cost for “merely establishing the exchanges to obtain enrollees” was therefore “more than triple the total administrative cost ($414) to insurers of both enrolling and providing coverage for individuals prior to the establishment of ACA exchanges” (American Action Forum Dec 31, 2016).

Obamacare is further expected to add a massive “$273.6 billion in additional insurance overhead… an average of $1,375 per newly insured person, per year, from 2012 through 2022” (Health Affairs Blog, May 27, 2015). This overhead bonanza represents “a whopping 22.5 percent of the total estimated $2.76 trillion in all federal government spending” for the ACA during that period, according to the report’s authors.

ObamaCare is not sustainable. America needs a fresh new start in healthcare.

Congress must develop a ‘citizen-centered’ replacement model which maximizes quality and accessibility for the greatest number of Americans.  This model should redirect the hundreds of billions of dollars wasted in administrative overhang into individual Medical Savings Accounts (MSAs) for citizens to allocate directly for personal healthcare needs, specifically routine primary care and outpatient services.

The hundreds of millions of healthcare transactions each month for primary care, prescriptions, and other services should ‘not’ be run through a big-government, bloat-heavy, labyrinthine system.  Routine expenditures can, and should, appropriate ‘direct-pay’ corridors.

The U.S. Health Care Freedom Plan offers a comprehensive new dynamic to meet those ends.  It improves access and affordability and reestablishes genuine patient-provider relationships.

It comes with an added benefit:  “If you like your ObamaCare, you can keep your ObamaCare.”  Every other U.S. citizen will receive an ACA exemption and $25,000 in a qualified MSA.

The U.S. Health Care Freedom Plan honors the counsel of Buckminster Fuller:  “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”

……………………………………

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.

ObamaCare … ‘on the ropes.’ The U.S. Health Care Freedom Plan – Clean, Affordable, and Ready to Launch

Welfare Reform 2018 – It is time to end poverty with a powerful new ‘Hand Up’ strategy: The Leviticus 25 Plan

America’s status quo, ‘dead-in-the-water’ social welfare ‘hand out’ programs keep citizens mired in poverty and do little, if anything, to counter the social decay afflicting the underclass…

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Welfare | Solutions 2016: Expert Analysis, Powerful Messages …

solutions.heritage.org/entitlements/welfare/

Facts and Figures


  • Today, the U.S. spends 16 times as much on welfare as it spent in the 1960s—about four times the amount needed to pull every poor family out of poverty—yet the federal poverty rate remains nearly unchanged.
  • Total spending at all levels of government on the roughly 80 federal means-tested welfare programs, which provide cash, food, housing, medical care, and social services to poor and lower-income Americans, is over $1 trillion annually.
  • Welfare is the fastest growing part of government spending. Between 1989 and fiscal year 2008, means-tested welfare spending increased by 292 percent.
  • In 1964, only 7 percent of births in America were outside marriage. Today, this number has climbed to more than 40 percent. Children in single-parent homes are more than five times as likely to be poor compared to their peers in married-parent homes.

__________________________

The Leviticus 25 Plan grants U.S. citizens the same direct access to liquidity that was provided to major U.S. and foreign banks and insurers during the great financial crisis (2008-2012).

Example:

Bloomberg:  Morgan Stanley, facing a crisis of confidence after the fall of Lehman Brothers Holdings Inc., got a $9 billion injection from Japanese bank Mitsubishi UFJ Financial Group Inc. and agreed to take a $10 billion bailout from the U.S. Treasury to shore up capital. As hedge-fund customers pulled funds out of the New York-based firm, it plugged the hole with $107.3 billion of secret loans from the Federal Reserve’s Primary Dealer Credit Facility and Term Securities Lending Facility, set up earlier in the year to supply brokerage firms with emergency financing.”

Peak amount of Debt on 9/29/2008: $107B

The Leviticus 25 Plan is America’s one and only powerhouse economic acceleration plan.

It grants all U.S. citizens the same direct liquidity access and a path to economic liberty.

For Americans living in poverty who wish to participate it offers a life-changing ‘hand up’ out of poverty – to a better life.

The Plan generates $1.02 trillion budget surpluses for each of the initial five years running.  It re-ignites America’s economic engine; it reincentivizes work and rewards ingenuity.

It is time for a powerful new economic strategy in America.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2454)

F.A. Hayek: “Once wide coercive powers are given to governmental agencies for particular purposes, such powers cannot be effectively controlled by democratic assemblies.”

Big government central-planning is not the solution for America’s social and economic health.  It is the problem.

The Leviticus 25 Plan provides the comprehensive mechanism for decentralization in America, shifting the U.S. to a ‘citizen-driven’ economy and a ‘citizen-centered’ healthcare system.

This ‘decentralization’ would optimize the natural efficiencies of  the marketplace:  “We need decentralization because only thus can we insure that the knowledge of the particular circumstances of time and place will be promptly used.”  – F. A. Hayek

It would protect the freedom to allocate resources which are consistent with an individual’s personal values: “A society that does not recognize that each individual has values of his own which he is entitled to follow can have no respect for the dignity of the individual and cannot really know freedom.”  – F.A. Hayek

“Once wide coercive powers are given to governmental agencies for particular purposes, such powers cannot be effectively controlled by democratic assemblies.”   – F. A. Hayek

The Leviticus 25 Plan would help protect citizens from the unrelenting creep of government coercion and control: “It would scarcely be an exaggeration to say that the greatest danger to liberty today comes from the men who are most needed and most powerful in modern government, namely, the efficient expert administrators exclusively concerned with what they regard as the public good.”    –  F. A. Hayek

The Leviticus 25 Plan safeguards individual freedom and liberty for All Americans.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2435)

Aug 2018 – Greenspan’s second warning: “I don’t know how it’s going to resolve, but there’s going to be a crisis.”

Greenspan’s latest warning is one more ‘wake up call’ for America.

………………………………………

ZeroHedge, Aug 1, 2017:  Former Fed chair Alan Greenspan blasphemously warned a year ago of an “imminent crisis”:  “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis – remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say.”

………………

The issue is essentially that entitlements are legal issues.  They have nothing to do with economics.  You reach a certain age or you are ill or something of that nature and you are entitled to certain expenditures out of the budget without any reference to how it’s going to be funded.  Where the productivity levels are now, we are lucky to get something even close to two percent annual growth rate.  That annual growth rate of two percent is not adequate to finance the existing needs.

I don’t know how it’s going to resolve, but there’s going to be a crisis.

“By any measure, real long-term interest rates are much too low and therefore unsustainable,” the former Federal Reserve chairman, 91, said in an interview.

“When they move higher they are likely to move reasonably fast. We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted in the marketplace.”

However, Greenspan argues that stocks will suffer with bonds, as surging real interest rates will challenge one of the few remaining valuation cases that looks more gently upon U.S. equity prices..

“The real problem is that when the bond-market bubble collapses, long-term interest rates will rise…”

“… I’m known as a gold bug and everyone laughs at me, but why do central banks own gold now?”

_______________________

America needs a dynamic new approach to our looming entitlement crisis and the economic drag of stagflation.

There is one economic acceleration plan with the raw power to reignite economic growth, tame inflationary pressures, and the provide positive incentives needed to substantially reduce dependence on government and entitlement budget pressures.

The Leviticus 25 Plan provides a mechanism for massive debt elimination at ground level and the restoration of financial health for American families.

It will generate $1.02 trillion budget surpluses over each of the next five years, while at the same time providing powerful revenue growth and cost savings for states and municipalities in the U.S..

There is no other economic plan anywhere – with the raw power of this plan.

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 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2433)

Social Security ‘sea of red ink’ flowing our way. A U.S. game changer: The Leviticus 25 Plan

According to the Board of Trustees, The Social Security trust fund is a ‘sinking ship.’

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Social Security Will Be Paying Out More Than It Receives In Just Five Years  –  ZeroHedge, July 19, 2017 – Excerpts:

No matter how you slice it, it doesn’t seem possible to keep social security funded. In fact, social security is going to start paying out more money than it receives in just a few short years. It may even be insolvent before the baby boomer generation dies off.

 According to the Social Security Board of Trustees, the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be depleted in 2034.
When this happens, only 77 percent of benefits will be payable. That estimate is no change from last year’s estimate.
In addition, the Disability Insurance trust fund will be depleted in 2028, which is an improvement from last year’s estimate of 2023. Once that fund is depleted, 93 percent of benefits will be paid.
Right now, Social Security continues to take in through revenue more than it pays it through benefits, which is expected to continue until 2022. Once Social Security begins to pay out more than it takes in, it will be forced to liquidate the assets held by the trust funds.
In 2016, Social Security generated $957 billion in income. It only paid out $922 billion including $911 billion in benefits to 61 million beneficiaries.

But the solutions that have been proposed for this problem don’t hold much promise. For instance, we know that simply raising taxes won’t work.

 But increasing the payroll tax is not a good long-term solution to fixing Social Security. For example a higher payroll tax would have negative economic effects. In addition, it’s not even clear that raising the payroll tax would even generate enough revenue.
“Some claim that the solution to preserving Social Security is to raise more taxes, but history shows that doesn’t work,” said David Barnes who is the director of policy engagement for Generation Opportunity in a statement to the Washington Free Beacon. “In fact, since Social Security was created, payroll taxes have been raised more than 20 times. Twenty times! Yet, the program is still headed towards insolvency.”

_______________________

The U.S. economy has been plagued by sluggish economic growth and tight liquidity conditions across Main Street America over the past five years.

The Leviticus 25 Plan will ‘fire up’ America’s economic engine, and in the process it will spur significant growth in government tax revenues and payroll taxes (Social Security, Medicare, Medicaid).

It will also, to a large degree, relieve financial stress at the family level.

America needs a powerful new economic dynamic.  Our future depends on it:

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2421)

ObamaCare … ‘on the ropes.’ The U.S. Health Care Freedom Plan – Clean, Affordable, and Ready to Launch

The Affordable Care Act (ACA), better known as “ObamaCare,” was signed into law on March 23, 2010, with most of its provisions going into effect on January 1, 2014.  Over the past three years, despite billions of dollars in back-end subsidies to the insurance industry, major insurers have been losing money on ACA plans and abandoning state exchanges.

Centers for Medicare and Medicaid Services (CMS) reported that for ObamaCare’s second benefit year (2015), it would need to make “$7.8 billion in reinsurance payments to 497 of the 575 participating issuers nationwide,” due to contribution deficits versus payment requests within the industry (Kaiser Foundation Aug 17, 2016).

Insurance companies went on to lose approximately $2 billion on the exchanges in 2016.  United Healthcare, one of the largest insurers in America, anticipated an $850 million loss and announced plans to pull out of 27 of the 34 plans where it had been offering coverage.  Rivals Aetna, Anthem, and Humana each projected $300 million in ACA plan losses, with Aetna bailing out from 11 of the 15 states where it had been offering coverage (Bloomberg, Aug 17, 2016).

Cooperative health insurers like CoOportunity Health (Iowa, Nebraska), created with federal dollars under the ACA, began collapsing in 2015, rolling across the country from New York to Oregon. By August 2016, only seven of the original 23 co-ops were still operational (Forbes, Oct 29, 2015).

Healthcare premiums for consumers have been rising at double digit percentages for the past four years.  ObamaCare’s 2017 rate increases, finalized in October 2016, included an average cost increase of 25% nationally (Kaiser Family Foundation). The 10 hardest hit states are seeing premium increases average in at “62% while Arizona is officially the biggest loser with rates in Phoenix soaring 145%.”

Over a million middle class Americans have dropped coverage each of the past two years due to burdensome price increases and skyrocketing deductibles. “ObamaCare, according to the liberal New York Times (Oct 2, 2016), is “too expensive and inaccessible.”

Healthcare providers and institutions are being squeezed hard by ObamaCare penalties and reduced payment rates.  Physicians have been negatively impacted by reimbursement cuts, and ObamaCare’s non-clinical burdens and paperwork have forced many medical professionals into spending more of their precious time responding to the federal bureaucracy and less time with patients (CNN Jan 17, 2017).

A recent analysis by the Kaiser Foundation (Mar 10, 2017) estimated that 79% of hospitals in the U.S. will be hit with ObamaCare penalties totaling over a half billion dollars in fiscal 2017.

Finally, the sheer magnitude of ObamaCare’s administrative costs have been stunning.

Federal government data for establishing and operating the ACA exchanges included “costs to the federal government of operating the federally-run exchanges, federal grants to states to establish their own exchanges or for expenses relating to coordinating with a federally-run exchange, and CMS’ administrative costs related to those grants.”

In the ACA roll-out year, 2014, “The total federal cost for the ACA exchange program was $9.75 billion to enroll 6.34 million people,” a per capita administrative cost of “$1,539 for the federal government, excluding administrative costs to the insurers for enrolling and serving those individuals.” The federal administrative cost for “merely establishing the exchanges to obtain enrollees” was therefore “more than triple the total administrative cost ($414) to insurers of both enrolling and providing coverage for individuals prior to the establishment of ACA exchanges” (American Action Forum Dec 31, 2016).

Obamacare is further expected to add a massive “$273.6 billion in additional insurance overhead… an average of $1,375 per newly insured person, per year, from 2012 through 2022” (Health Affairs Blog, May 27, 2015). This overhead bonanza represents “a whopping 22.5 percent of the total estimated $2.76 trillion in all federal government spending” for the ACA during that period, according to the report’s authors.

ObamaCare is not sustainable. America needs a fresh new start in healthcare.

Congress must develop a ‘citizen-centered’ replacement model which maximizes quality and accessibility for the greatest number of Americans.  This model should redirect the hundreds of billions of dollars wasted in administrative overhang into individual Medical Savings Accounts (MSAs) for citizens to allocate directly for personal healthcare needs, specifically routine primary care and outpatient services.

The hundreds of millions of healthcare transactions each month for primary care, prescriptions, and other services should ‘not’ be run through a big-government, bloat-heavy, labyrinthine system.  Routine expenditures can, and should, appropriate ‘direct-pay’ corridors.

The U.S. Health Care Freedom Plan offers a comprehensive new dynamic to meet those ends.  It improves access and affordability and reestablishes genuine patient-provider relationships.

It comes with an added benefit:  “If you like your ObamaCare, you can keep your ObamaCare.”  Every other U.S. citizen will receive an ACA exemption and $25,000 in a qualified MSA.

The U.S. Health Care Freedom Plan honors the counsel of Buckminster Fuller:  “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”

………………………………………..

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

 

America’s looming “Debt Interest Bomb” and the powerhouse economic acceleration plan to solve the fiscal crisis

Obama’s Debt Interest Bomb –  WSJ 4-11-17 – Excerpts:

Friday’s Congressional Budget Office budget review for March: Rising net interest payments on the national debt.

CBO reported that the federal budget deficit rose $63 billion in the first half of fiscal 2017 (October-March) to $522 billion from a year earlier. But here’s the especially bad omen: Net interest payments rose $7 billion, or 30%, in March from a year earlier.

 

If that seems small, consider that interest payments rose $28 billion for the six months of fiscal 2017 to $152 billion. That’s a 22.2% increase, among the biggest in any single spending item highlighted by CBO. The increases reflect the growing debt but in particular the Federal Reserve’s decision to raise interest rates after years of near-zero rates.

______________________________

America appears now to be re-entering the zone of “exploding deficits.”  The first half of the 2017 fiscal year (Oct – Mar) rolled through with a hefty $522 billion deficit.  If the second half of the fiscal year (Apr – Sep) follows up with a similar red ink bonanza, we will tip the $1 trillion deficit mark once again.

The Wall Street Journal further notes, “While Mr. Obama was doubling the national debt over eight years, the Fed’s monetary policies spared him from the fiscal consequences. The Fed’s near-zero policy kept interest rates at historic lows that reduced net interest payments even as the overall debt increased. The Fed’s bond-buying programs also earned money that the Fed turned over to Treasury each year, reducing the size of the federal budget deficit by tens of billions of dollars.”

That “not-so-free Fed lunch” is now winding down. “As interest rates rise, the Fed will also have to pay banks more to keep excess reserves parked at the central bank. After its latest rate increase in March, the Fed now pays banks 1% on reserve balances or about $20 billion a year, and that will go up.”
Also note (ZeroHedge Jul 13, 2017):

If the U.S. Federal Reserve can pay out billions of dollars each year through “interest on excess reserves” to  “foreign banks,” then it can most certainly grant U.S. citizens direct access to liquidity through a “Citizens Credit Facility.”

______________________

America needs a powerhouse federal budget SURPLUS plan, and it needs it NOW.

$1.02 trillion annual budget surpluses yearly 2017-2021: The Leviticus Plan

The Leviticus 25 Plan generates a total government recapture benefit over the first five years of the program (federal income tax refund recapture plus federal expenditures recapture) of $8.56 trillion, an average of $1.72 trillion per year.

The Leviticus 25 Plan recapture provisions thereby generate an average annual budget surplus over the next five years of $1.02 trillion per year ($1.72 trillion – $699.4 billion) plus additional savings of $200.7 billion in unrealized interest expense.

……………………………………………

The Leviticus 25 Plan pays for itself over a 10-15 year period, and generates massive budget surpluses.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2414)

Deutsche strategist forecasts economic carnage followed by “Helicopter money”… America needs a powerful ‘insulator’ strategy: The Leviticus 25 Plan

A Deutsche Bank strategist sees financial carnage ahead…

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Deutsche: “Once The Carnage From Higher Rates Hits, Then We Move To Helicopter Money”

ZeroHedge, July 11, 2017 – Excerpts:

Deutsche strategist [Jim Reid] recapped his bigger picture thoughts “on government bond yields given the sell-off of the last two weeks.” Hardly surprising, he goes along with the consensus, and expects yields to rise as more central banks turn hawkish (for reasons we have discussed on countless occasions, most recently yesterday) although what is interesting is Reid’s take on what happens after the initial reaction, and it’s here that the gloom descends because in a world with 327% debt/GDP

… higher interest rates are simply unsustainable, the endgame is one: “at some point a government spends big and yields start to rise faster. This could still be many quarters ahead but if and when it does happen central banks might have to intervene and cap nominal yields to avoid carnage in a heavily indebted world. Then we move towards helicopter money…”

_______________________

“Helicopter money”… as a calculated response to a devastating liquidity vacuum would be a chaotic, after-the-fact reaction to a potentially crippling crisis.

What America needs, now, is powerful, protective insulation from such a liquidity crisis.  And that means massive debt elimination at ‘ground level.’

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits and massive debt elimination 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 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2404)

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

 

 

Fall 2008: The Big Bailout Revisited…

In the Fall of 2008, in response to the banking crisis and housing market collapse, the Federal Reserve and U.S. government undertook extraordinary measures to re-liquify Wall Street’s financial sector (banks and insurers), including foreign financial institutions, automakers, and others.

The broad program categories for the trillions of dollars involved included:

The Troubled Asset Relief Program (TARP)                         

Federal Reserve Rescue Efforts (Fed “secret liquidity lifelines”) 

Federal Stimulus Programs 

American International Group (AIG)                                                 

FDIC Bank Takeovers                                                                

Other Financial Initiatives                                                         

Other Housing Initiatives

SourceCNN’s Bailout Tracker

Note: The Public – Private Investment Program (PPIP) happens to be one of the programs funded under the TARP umbrella.  PIPP is a funneling mechanism for government (tax-payer) money to ‘reach’ Hedge funds –  to ‘encourage’ them to buy some of the non-investment grade (crap) mortgages out there, and get them off the books of the banks.

It was recently reported that the Federal Reserve also offered a special “carry trade” for banks and primary dealers – to generate buying on the front end of the yield curve (2-year and 3-year Treasuries) – using an “overnight repo” everyday at “zero.”  This amounts to another ‘free money’ program for the banks and PDs [Primary Dealers] – courtesy of the U.S. taxpayer.

And these revolving overnight “repos” reportedly do not show up on the Fed Balance sheet.

…………………………………..

The Federal government ‘central planning’ efforts have accomplished very little, despite the trillions of dollars the government has ‘shuttled’ out to the dozens of well-favored domestic and foreign financial oligarchs.

It is now time for American families to be to receive their own round of direct liquidity extensions, via a Citizens Credit Facility, from the Federal Reserve.

The Leviticus 25 Plan is a comprehensive economic acceleration program, delivering direct credit extensions to American families – $75,000 per U.S. citizen.  The debt relief benefits and productivity incentives at the family level would re-ignite economic vitality in America.

Government tax revenues (state, local, and federal) would quickly blossom into an explosive new growth pattern – without raising taxes.

The Leviticus 25 Plan will literally pay for itself over a 10-year window.  It will reverse America’s burgeoning debt load and provide long-term stability for the U.S. Dollar.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2400)

Earned Income Tax Credit (EITC) fraud clean-up time: The Leviticus 25 Plan

U.S. citizens deserve nothing less than to be granted the same access to liquidity that Wall Street’s financial sector received during the great financial crisis (2008-2010) – to help restore them to “financial health.”

The Leviticus 25 Plan provides the mechanism for that liquidity access – a $75,000 credit extension for each U.S. citizen who wishes to participate – to help restore U.S. citizens to a state of “financial health.”

One of the ‘recapture’ provisions for participants in the plan is a required agreement to forego receiving all benefits from ‘Income Security’ social programs.  The Earned Income Tax Credit is (EITC) one of those programs.

And it has a long history of being riddled with fraud.

Excerpts from:  American Thinker — Henry Percy,  April 26, 2013:

“The [Earned Income Tax Credit] program has been plagued with “improper payments” for years — decades actually: “The General Accounting Office (GAO) verified the vast scale of the fraud, reporting that ‘…the IRS estimated [it is] between 27 and 32 percent of EITC dollars claimed.'”  And that was during the terror that was the reign of George W. Bush.

Have things gotten better under President Obama?  According to an inspector general’s report, at least, 21% of EITC payments in 2012 were “improper” ($11.6 billion), by far the highest fraud rate in any government entitlement program.

But in 2010 President Obama signed the Improper Payments Elimination Act, which “requires federal agencies to reduce erroneous payments to a rate of less than 10 percent.”  Ten percent fraud is surely a modest goal; what private business would be content with such a rate?  And how’s the IRS doing? In the two years since Obama signed the law, improper EITC payments have increased by 22%.

Oh, but the IRS wants to comply: “The reduction of improper payments is a top priority for the IRS, and we are making progress in this area.” Yes, a “top priority.” So a 22% increase in improper payments is “making progress.” One wonders what the IRS would deem a fail.

The IRS cannot possibly reduce its fraud rate below $11.6 billion, yet a cut of $669 million to the FAA’s budget forces the agency to furlough air traffic controllers in order to create 3 to 4 hour lines at airports. Talk about a rigid, inflexible, sclerotic bureaucracy.”

………………………….

The Leviticus 25 Plan sets America on course for ‘cleaning up’ the massive, fraud-riddled misallocation of capital by big-government.

It re-incentivizes work and industriousness by citizens.  And the plan pays for itself over a 10-15 year period.

There is no plan in place right now in America that takes even one positive step in that direction.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2398)