“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon
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 – An Economic Acceleration Plan for America
April 2026 quote: “We must make the building of a free society once more an intellectual adventure, a deed of courage…. Unless we can make the philosophic foundations of a free society once more a living intellectual issue, and its implementation a task which challenges the ingenuity and imagination of our liveliest minds, the prospects of freedom are indeed dark. But if we can regain that belief in the power of ideas which was the mark of liberalism at its best, the battle is not lost.” Friedrich A. von Hayek, 1974 Nobel Prize, Economic Sciences
…When Henry Paulson steps back into the public conversation after years of relative silence, it’s not random timing. This is someone who sat at the center of the 2008 financial crisis and understands how quickly confidence can evaporate once stress begins to build in core markets….Paulson is explicitly warning that the scale of U.S. borrowing is now testing confidence in the Treasury market itself. With federal debt approaching $39 trillion, he points to the risk that the long-standing assumption of endless demand for U.S. government debt may no longer hold.
As he put it, “That’s a dangerous thing,” describing a scenario where foreign demand declines and Treasury prices fall. That is not a small shift in tone. The entire global financial system is built on the idea that Treasuries are the ultimate safe asset, and once that perception begins to weaken, the consequences cascade quickly.
What stands out even more is what he says next about how such a situation would resolve: “Should enough investors back out… the Federal Reserve would step in as a buyer of last resort.”
And as we all know, a “buyer of last resort” is simply another way of describing a return to large-scale intervention by the Federal Reserve. Whether policymakers call it stabilization, liquidity support, or something else (like the A.S.S.H.O.L.E.S. plan), the mechanism is the same: the central bank absorbs supply when the market no longer can. In other words, quantitative easing returns.
That leaves two realistic interpretations of why Paulson is speaking now.
Either he sees early signs of stress already forming beneath the surface of the Treasury market—declining foreign participation, weakening liquidity, or rising yields that are no longer being absorbed smoothly.
Or he is helping prepare the narrative for the policy response that will follow when those stresses become undeniable. Those two possibilities are not mutually exclusive. In fact, they often occur together.
His comments about needing an emergency response framework make that even clearer. He said, “We need an emergency break-the-glass plan… ready to go when we hit the wall,” and followed it with “It will be vicious.”
Notice he said when we hit the wall, not if.
That is not the language of a former official casually discussing long-term fiscal challenges. It is the language of someone who expects a disorderly adjustment and understands how quickly conditions can spiral once confidence breaks.
Markets already assume that after the next deleveraging cycle, central banks will return to QE. That part is widely understood. What is not fully appreciated is the implication if the stress originates inside the Treasury market itself. Treasuries are not just another asset class. They underpin global collateral systems, anchor borrowing costs across the economy, and support the U.S. dollar reserve currency status. If confidence in that market begins to erode, the feedback loop is far more severe than a typical recessionary downturn.
In that scenario, the Federal Reserve stepping in as the marginal buyer would not simply stabilize markets. It would fundamentally alter how capital allocates globally. Real yields could compress rapidly, confidence in fiat stability could weaken, and capital could rotate into hard assets at a pace that exceeds even aggressive expectations. The move would not just be cyclical, it would be structural.
The second-order risk is even more significant. If foreign demand for Treasuries fades and the U.S. increasingly relies on its own central bank to finance deficits, the signal to the rest of the world is unmistakable. That is how pressure begins to build on a reserve currency. An FX adjustment tied to the dollar is not the base case today, but neither was a systemic breakdown in mortgage markets prior to 2008. These transitions always look implausible until they are suddenly obvious.
The key point is that Paulson is not someone who reappears without purpose. He understands the plumbing of the system and the fragility that sits beneath it when leverage is high and confidence is stretched. His warning that “We have to prepare for that eventuality” should not be dismissed as generic caution. It suggests that the risks are no longer theoretical.
There is more in his comments than a simple observation about rising debt levels. Either he sees stress forming already, or he is preparing markets for the policy response that will follow when that stress becomes visible. In both cases, the implication is the same: something larger is developing beneath the surface of the Treasury market, and when it breaks into the open, the consequences will extend far beyond bonds.
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The Leviticus 25 Plan is a preemptive “emergency break-the-glass plan,” ready to go now — before we “hit the wall.”
The Leviticus 25 Plan re-targets Fed liquidity flows in a way that will preemptively generate substantial ongoing federal budget surpluses, structurally downsize federal, state, and local government outlays, eliminate massive amounts of household debt, and revitalize ‘non-debt-driven’ economic growth.
The most powerful decentralizing economic acceleration plan in the world.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
Jeroen Dijsselbloem – a major player in European financial circles. A Dutch politician, Dijsselbloem became President of the Eurogroup, comprised of the finance ministers of the Eurozone, in January 2013 and served in that capacity until just recently. He offered a frank admission just last month about the naked, taxpayer-financed bailout of major banks.
“We had a banking crisis, a fiscal crisis and we spent lot of the tax-payers’ money – in the wrong way, in my opinion – to save the banks” outgoing Eurogroup head Jeroen Dijsselbloem said adding “so that the people criticizing us and saying that everything was being done for the benefit of the banks were to some extent right.”
“This is valid for the banks of all our countries. Everywhere in Europe banks were saved at taxpayers’ cost,” he underlined.
“This was the reason for banking union and the introduction of higher standards, better supervision and a reform and rescue framework when banks have losses,” he said stressing “precisely so that we don’t find ourselves in that situation again.”
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Again…: “This is valid for the banks of all our countries. Everywhere in Europe banks were saved at taxpayers’ cost.”
Exactly the same in the U.S. –The Fed did what it had to do to prevent a credit crisis meltdown.
Now it is time to level the playing field by granting U.S. citizens the same direct access to liquidity that was provided to Wall Street’s financial sector.
Taxpayers bailed out the very institutions which precipitated a financial crisis which hit Main Street America long and hard, and in many ways, lingers on. The time is now at hand for The Leviticus 25 PlanCitizens Credit Facility activation – to restore the financial health and well being of Main Street America and U.S. taxpayers.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
Deutsche Bank, AG, along with numerous foreign banking interests with U.S. subsidiaries, enjoyed massive liquidity infusions, courtesy of the U.S. Federal Reserve, to help them deal with their faltering financial conditions and mounting debt burdens during the great financial crisis 2007-2010.
“Deutsche Bank AG, Germany’s biggest bank, navigated the financial crisis without capital injections from the German government. The Frankfurt-based bank, which in 2008 reported its first annual loss since World War II, wasn’t so shy about getting liquidity in secret from the U.S. Federal Reserve. The lender tapped the Fed for $66 billion on Nov. 6, 2008 — $28.2 billion from the Term Securities Lending Facility, $21.8 billion from single-tranche open market operations and $16 billion from the Term Auction Facility. John Gallagher, a Deutsche Bank spokesman, declined to say whether the bank took emergency loans during the crisis from other central banks, such as Germany’s Bundesbank.”
Peak amount of debt held on 11-6-2008: $66B
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During the two years leading into Deutsche Bank’s financial windfall from the U.S. Fed, it was also engaged in the “Sale of toxic securities leading up to the financial crisis” and a Libor Interest Rate Scam” which defrauded U.S. tax-paying citizens via excessive interest charges on municipal loans. Source: Deutsche Bank’s Five Biggest Scandals
“Deutsche Bank was one of a series of lenders guilty of selling and pooling toxic financial products in the lead-up to the 2007 and 2008 financial crisis.”
“The bank signed a $7.2 billion settlement with the US Department of Justice in 2017, after being accused of having sold investors bad mortgage-backed securities between 2005 and 2007…”
Deutsche Bank’s charges involved “espionage, money laundering and interest rate scams,” including:
The bank’s London subsidiary pleaded guilty to counts of criminal wire fraud, after it was accused of fixing interest rates like the London Interbank Offered Rate (Libor), used to price a hefty amount of loans and contracts across the world.
3. “Violating U.S. economic sanctions” involving countries like Iran, Libya, Sudan
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Meanwhile, during the great financial crisis, a Bureau of Labor statistics report showed that between 2008 and 2010, the U.S. economy suffered the worst employment crisis since the Great Depression, losing roughly 8.4 to 8.6 million jobs. Job losses accelerated rapidly in late 2008, peaking with an average of 700,000+ monthly losses from October 2008 to March 2009. Unemployment peaked at 10% in October 2009, with employment not hitting its lowest point until February 2010.
Subprime mortgage lending exploded during 2004-2006, creating the infamous housing market bubble, precipitating the housing market crash, followed by millions of Americans losing their jobs during the fallout… and then losing their homes as millions of foreclosures swamped the housing market.
If the U.S. Federal Reserve can transfuse the likes of Deutsche Bank with $66 billion in ‘secret liquidity funding’…
Then U.S. citizens deserve nothing less than to be granted that same direct access to liquidity – to deal with their own “mounting debt burdens.”
The Leviticus 25 Plan generates $37.303 billion federal budget surpluses annually during its first five years of activation (2027-2031) – and pays for itself entirely over the succeeding 10-15 year period.
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 – An Economic Acceleration Plan for America
Nov 11, 2013: Andrew Huszar directed the Federal Reserve’s [QE1] $1.25 trillion agency mortgage-backed security purchase program which kicked off during March 2009.
Here are his after-thoughts…or “confessions” (Andrew Huszar: “Confessions of a Quantitative Easer”) excerpts:
“We went on a bond-buying spree that was supposed to help Main Street. Instead, it was a feast for Wall Street.
I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. By that point in the financial crisis, Congress had already passed legislation, the Troubled Asset Relief Program, to halt the U.S. banking system’s free fall. Beyond Wall Street, though, the economic pain was still soaring. In the last three months of 2008 alone, almost two million Americans would lose their jobs.
The Fed said it wanted to help—through a new program of massive bond purchases. There were secondary goals, but Chairman Ben Bernanke made clear that the Fed’s central motivation was to “affect credit conditions for households and businesses”: to drive down the cost of credit so that more Americans hurting from the tanking economy could use it to weather the downturn. For this reason, he originally called the initiative “credit easing.”
In its almost 100-year history, the Fed had never bought one mortgage bond. Now my program was buying so many each day through active, unscripted trading that we constantly risked driving bond prices too high and crashing global confidence in key financial markets. We were working feverishly to preserve the impression that the Fed knew what it was doing.
It wasn’t long before my old doubts resurfaced. Despite the Fed’s rhetoric, my program wasn’t helping to make credit any more accessible for the average American. The banks were only issuing fewer and fewer loans. More insidiously, whatever credit they were extending wasn’t getting much cheaper. QE may have been driving down the wholesale cost for banks to make loans, but Wall Street was pocketing most of the extra cash.
Trading for the first round of QE ended on March 31, 2010. The final results confirmed that, while there had been only trivial relief for Main Street, the U.S. central bank’s bond purchases had been an absolute coup for Wall Street. The banks hadn’t just benefited from the lower cost of making loans. They’d also enjoyed huge capital gains on the rising values of their securities holdings and fat commissions from brokering most of the Fed’s QE transactions. Wall Street had experienced its most profitable year ever in 2009, and 2010 was starting off in much the same way.
That was when I realized the Fed had lost any remaining ability to think independently from Wall Street. Demoralized, I returned to the private sector.
Where are we today [2013]? The Fed keeps buying roughly $85 billion in bonds a month, chronically delaying so much as a minor QE taper. Over five years, its bond purchases have come to more than $4 trillion. Amazingly, in a supposedly free-market nation, QE has become the largest financial-markets intervention by any government in world history.
And the impact? Even by the Fed’s sunniest calculations, aggressive QE over five years has generated only a few percentage points of U.S. growth. By contrast, experts outside the Fed, such as Mohammed El Erian at the Pimco investment firm, suggest that the Fed may have created and spent over $4 trillion for a total return of as little as 0.25% of GDP (i.e., a mere $40 billion bump in U.S. economic output). Both of those estimates indicate that QE isn’t really working.
Having racked up hundreds of billions of dollars in opaque Fed subsidies, U.S. banks have seen their collective stock price triple since March 2009. The biggest ones have only become more of a cartel: 0.2% of them now control more than 70% of the U.S. bank assets.”
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Again…
Andrew Huszar – Federal Reserve QE1: “The final results confirmed that, while there had been only trivial relief for Main Street, the U.S. central bank’s bond purchases had been an absolute coup for Wall Street. The banks hadn’t just benefited from the lower cost of making loans. They’d also enjoyed huge capital gains on the rising values of their securities holdings and fat commissions from brokering most of the Fed’s QE transactions.”
The Leviticus 25 Plan redresses Wall Street’s “absolute coup” from the Fed’s 2008-2010 QE1 bond purchases by granting direct liquidity extensions to qualifying U.S. citizens, to achieve massive debt elimination and restored financial health for millions of hard-working, tax-paying families
The Leviticus 25 plan will generate dynamic growth in the U.S. economy and prosperity for the 36.2 million small businesses spread out across Main Street America.
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 – An Economic Acceleration Plan for America
“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
The new model for economic revitalization in America: The Leviticus 25 Plan
Observation #1: It’s Politically Impossible To Cut Spending “Among the biggest expenditures for the US government are so-called entitlements like Social Security and Medicare. It’s unlikely any politician will cut entitlements. On the contrary, I expect them to continue growing…. Here’s the bottom line. The government cannot even slow the spending growth rate, let alone cut it. Expenditures have nowhere to go but up—way up.”
Observation #2: Ever-Increasing Debt Is the Only Way To Finance Deficits “When faced with a choice, politicians always choose the most expedient option. In this case, that means issuing more debt rather than making tough budget decisions or explicitly defaulting….In any case, don’t count on increased tax revenue to offset these increases in federal expenditures. Here’s the bottom line: increasing taxes, even to extreme levels, isn’t going to change the trajectory of this unstoppable trend—even slightly…. no matter what happens, the deficits will not stop growing, nor will the debt needed to finance them. The growth rate is not even going to slow down. It’s going to increase. That means interest expense on the federal debt will continue exploding higher.”
Countermand: The Leviticus 25 Plan will achieve:
Immediate $37.303 billion federal budget surpluses annually 2027-2031; self-financed over the succeeding 10-15 years.
Immediate, massive budget gains for state and local governments;
Immediate, massive debt elimination and restored financial security for millions of hard-working, tax-paying American families;
Observation #3: Over Half of US Treasury Debt Matures by 2028 “This year, nearly $10 trillion of US Treasuries will mature. And every bond that comes due has to be refinanced at today’s much higher rates—locking in substantially larger interest costs for years. What used to roll over quietly can now only be rolled over at roughly double the interest cost seen in 2022…”
Observation #4: An Ever-Growing Interest Expense Fuels the Debt Spiral “Annualized interest on the federal debt exceeds $1.2 trillion and is surging higher. That means more than 23% of federal tax revenue is going just to service interest on the existing debt. …the US government is now borrowing money to pay the interest on the money it has already borrowed… It’s creating a self-perpetuating doom loop…. In short, the skyrocketing interest expense has become an urgent threat to the US government’s solvency.”
Countermand: The Leviticus 25 Plan generates $37.303 billion annual federal budget surpluses each of the first five years of activation (2027-2031), large-scale tax revenue and payroll tax receipts, and credit market stability and long-term federal and state budget item interest cost reductions The Leviticus 25 Plan will pay for itself entirely over the succeeding 10-15 years. “Urgent threat to U.S. government solvency” – resolved.
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Observation #5: Surging Interest Expense Forces Fed To Ease Monetary Policy “The soaring interest expense threatens the solvency of the US government and forces the Fed to cut interest rates, buy Treasuries, and implement other monetary easing measures to try to control interest costs….The only entity capable is the Federal Reserve, which buys Treasuries with dollars it creates out of thin air.”
Countermand: The Leviticus 25 Plan will restore positive dynamics to the treasury market and counterbalance the looming pressures driving driving the Federal Reserve toward future asset purchases.
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Observation #6: Ever-Increasing Currency Debasement Is Inevitable “The skyrocketing interest expense forces the Fed to implement interest cost control policies, which inflate the money supply and debase the currency. As that happens, prices rise. That causes the US government to spend even more on Social Security and welfare to keep up with the cost-of-living increases. The same is true of defense and other government spending, which adjusts upward for rising prices. This compounds the problem because, as government spending rises to account for rising prices, that increased spending can only be financed with more currency debasement. That’s why ever-increasing currency debasement is the inevitable outcome of the US government’s debt spiral. It’s a self-perpetuating doom loop from which they cannot escape….”
Countermand: The Leviticus 25 Plan, the most powerful economic acceleration plan in the world, will effectively neutralize, once and for all, currency debasement pressures, and the U.S. economy’s “inevitable… self-perpetuating doom loop”
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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.
Federal bank regulatory agencies have finalized a rule to modify the Enhanced Supplementary Leverage Ratio (eSLR) standards, effective April 1, 2026 (with optional early adoption on January 1, 2026). The final rule lowers capital requirements for large U.S. banks (GSIBs), reducing the fixed 2% eSLR buffer to a variable amount equal to 50% of a bank’s Method 1 GSIB surcharge, which frees up balance sheet capacity and acts as a complement to strategies aimed at increasing bank participation in low-risk activities, such as Treasury market intermediation.
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AI Overview Key Details of the Final Rule:
Effective Date: April 1, 2026, with an option for early adoption on January 1, 2026.
Targeted Entities: U.S. Global Systemically Important Bank holding companies (GSIBs) and their subsidiary depository institutions.
Purpose: To reduce the punitive capital charges on low-risk activities, such as U.S. Treasury market intermediation, and adjust capital standards based on systemic risk, according to Federal Reserve Board (.gov) and JD Supra.
Impact: The changes are expected to lower funding costs and reduce Tier 1 capital requirements for holding companies by an estimated $13 billion, according to Federal Deposit Insurance Corporation (FDIC) (.gov) and JD Supra.
The Leviticus 25 Plan would be a perfect complement to this new regulatory change in the Enhanced Supplemental Leverage Ratio (eSLR) for banks.
This regulatory change alone will be “bullish catalyst for treasuries” … allowing “banks to hold more Treasuries on their balance sheets without needing to hold additional capital against them, freeing up the capacity for banks to participate more actively in the Treasury market.” (The Bear Traps Report, Dec 20, 2024)
The Leviticus 25 Plan, through the satisfaction of private sector debt (mortgage debt, student loan debt, household debt, auto loans, credit card debt), would provide a powerful additional enhancement of the eSLR change, with trillions of new dollars flowing into the banking system. This synergism would allow GSIBs (global systemically important bank holding companies) even greater treasury auction purchasing power, with increased competitive bidding, lower interest rates, and long-term strength and stability for the U.S. Dollar.
The Leviticus 25 Plan would allow the Fed to adjust interest rates in response to price discovery and free market dynamics, rather than reacting to complex statistical evaluations and timing models, not to mention often intense political pressures.
Occasional adjustments over the course of time toward higher rates, to cool sporadic excesses and speculation within the economy, would decrease the likelihood of new ‘bubbles’ popping up in financial markets. It would be much better tolerated in this new low-debt environment, and it would allow savers to earn millions of dollars in additional interest on their savings.
The Leviticus 25 Plan’s massive public and private debt elimination dynamic will immediately: 1) Generate $37.303 billion federal budget surpluses annually during its first five years of activation (2027-2031), it will pay for itself entirely over the succeeding 10-15 year period, and contribute highly favorable budget gains for state and local government entities; 2) Lower short-term and long-term interest rates; 3) Reduce fraud and waste across many of government’s social insurance sectors; 4) Restore real financial security for millions of American families, rekindle the spirit of self-reliance, and scale back out-of-control government entitlement spending; 5) And generate a long-term economic growth cycle that would benefit all Americans, most notably the 33.2 million small businesses across the U.S..2) Lower short-term and long-term interest rates;
The Leviticus 25 Plan – the most powerful decentralizing economic acceleration plan in the world – is loaded up and ready to launch.
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 – An Economic Acceleration Plan for America
A Look back on America’s path to the current $18.8 trillion in Household Debt…
The Federal Reserve’s ‘secret liquidity lifelines’ for major banks 2008-2010:
Bloomberg LP filed a Freedom of Information Act (FOIA) lawsuit on Nov 7, 2008 to gain access to information regarding special emergency lending programs that the U.S. Federal Reserve had been running to help borrower banks deal with cash shortages and collateral deficiencies. The Fed fought the lawsuit, but ultimately lost.
Bloomberg gained access to more than 29,000 pages of previously secret loan documents and Fed spreadsheets, and published the highlights of those programs in late 2011.
According to Bloomberg, the top 15 recipients of Fed’s ‘secret liquidity lifelines’ were the very firms that in large part precipitated the great financial crisis with their subprime lending gambits and insufficient risk management strategies:
Morgan Stanley $107 billion Citigroup Inc. $99.5 billion Bank of America Corp $91.4 billion Royal Bank of Scotland Plc $84.5 billion State Street Corp $77.8 billion UBS AG $77.2 billion Goldman Sachs Group Inc. $69 billion JP Morgan Chase & Co $68.6 billion Deutsche Bank AG $66 billion Barclays Plc $64.9 billion Merrill Lynch & Co Inc. $62.1 billion Credit Suisse Group AG $60.8 billion Dexia SA $58.5 billion Wachovia $50 billion
The Fed ‘flooded’ the financial coffers of these major U.S. and foreign banks (with U.S subsidiaries) with trillions of dollars in direct cash transfers, credit guarantees, and balance sheet transfers of (often ‘sewage grade’) agency debt and MBS – and the principles of those institutions ended up making out very well.
None of them took a haircut
Meanwhile, U.S citizens out in Main Street America did not fare so well… There were severe financial dislocations; 8.7 million Americans lost their jobs during the financial crisis years; 4.1 million American families lost their homes through completed foreclosures from September 2008 through December 2012, according to CoreLogic.
Tens of millions of American families remain financially oppressed in the aftermath of that crisis.
The time is now to rebalance the books in America…
Mortgage balances shown on consumer credit reports grew by $98 billion during the fourth quarter of 2025 and totaled $13.17 trillion at the end of December.
Balances on home equity lines of credit (HELOC) rose by $12 billion, the 15th consecutive quarterly increase. There is now $433 billion in outstanding HELOC balances, $116 billion above the low reached in 2022Q1.
In total, non-housing balances increased by $81 billion, a 1.6% increase from 2025Q3.
Credit card balances rose by $44 billion during the fourth quarter and now total $1.28 trillion outstanding, up 5.5% since last year.
Auto loan balances edged up by $12 billion to $1.66 trillion.
Other balances, which include retail cards and consumer finance loans, rose by $14 billion and now total $564 billion.
Student loan balances increased by $11 billion and now stand at $1.66 trillion.
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AI Overview – DSR
In late 2025, the total household debt service ratio (DSR) reached approximately11.3% of disposable personal income. This metric reflects the share of after-tax income that U.S. households allocate to required debt payments, including mortgages and consumer loans.
Current Debt Service Landscape (Late 2025)
The Federal Reserve reported a steady increase in the debt burden throughout the year as total household debt reached a record $18.8 trillion by the end of Q4 2025.
Total Debt Service Ratio (DSR): The ratio stood at 11.32% in the fourth quarter of 2025, up from 11.26% in Q3 and 11.12% in Q2.
Mortgage Debt Service: Mortgage payments accounted for approximately 5.92% of disposable income in late 2025.
Consumer Debt Service: Payments for non-mortgage debt (such as auto loans and credit cards) represented about 5.40% of disposable income.
Historical Context: While the ratio has climbed since 2021, it remains below the 13.2% peak seen before the 2008 financial crisis and is roughly in line with the long-term average of approximately 11.2%–11.3%.
Key Drivers of the Increase
Rising Interest Rates: Higher rates on variable-rate debts and new loans have increased the cost of carrying debt relative to income.
Credit Card Balances: Credit card debt reached a record $1.28 trillion by late 2025, with balances growing as consumers managed higher costs of living.
Delinquency Trends: The share of debt in some stage of delinquency rose to 4.8% in Q4 2025, up from 4.5% in the previous quarter, signaling growing financial pressure on some households.
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Household Debt Statistics – Average Interest Rates
Average interest rates on U.S. household debt vary significantly by type, with credit card APRs averaging over 23%–28%, and new auto loans often over 6%–10%. Total household debt, including mortgages (around 7.18%), remains high, with many Americans struggling with rising payments.
Key Interest Rate Breakdown (as of 2025-2026):
Credit Cards: Average APRs are roughly 23.7% to 28.6%, with many consumers paying over 22%.
Mortgages: Average 30-year fixed rates are around 7.18%.
Auto Loans: Average interest rates on new cars often exceed 10%.
Student Loans: Federal undergraduate loan rates are lower, averaging around 4.99%.
Household Debt Trends:
Rising Debt: Total credit card balances have risen to nearly trillion, with many households facing high-interest debt.
Delinquencies: Serious delinquencies (90+ days) are increasing, particularly for credit cards and auto loans …
Debt Service: Households are spending a growing portion of their income on debt payments, with the total debt service ratio at approximately of disposable income in late 2025.
Note: Interest rates are based on recent 2025-2026 data and can change frequently. Source: NY Fed Feb 13, 2026
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The Leviticus 25 Plan grants the same direct access to liquidity extensions that was so generously provided to major U.S. and foreign banks during the great financial crisis (2008-2010) – the very banks that precipitated the subprime loan-driven crisis.
The Leviticus 25 Plan will pave the way for the colossal economic reset and powerful debt elimination plan that America needs to survive.
The Leviticus 25 Plan will also pay down, or pay off, trillions of dollars in U.S. Household Debt for all who qualify, and thereby eliminate substantial proportions of Mortgage Debt ($13.17 trillion), HELOC ($433 billion), Auto Loan Balances ($12 billion), Retail Cards / Consumer Finance Loans ($564 billion), Student Loan Balances ($1.66 trillion), Credit Card Balances ($1.28 trillion) and $120 annually in Credit Card Interest and Fees.
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 U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.
Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security and Medicare — those are disclosed separately in the off-balance-sheet Statement of Social Insurance (SOSI).
The government’s consolidated balance sheet position, excluding the SOSI, deteriorated by nearly $2.07 trillion between FY 2024 and FY 2025, reaching a staggering negative $41.72 trillion. Total liabilities are now nearly eight times the value of reported assets. The largest drivers were a $2 trillion increase in federal debt and interest payable (now $30.33 trillion) and a $438.8 billion increase in federal employee and veteran benefits payable (now $15.47 trillion).
The Off-Balance-Sheet Iceberg
The off-balance-sheet picture is even more alarming. The 75-year unfunded social insurance obligation surged by $10.1 trillion in a single year, rising from $78.3 trillion in FY 2024 to $88.4 trillion in FY 2025 — driven primarily by a $6.9 trillion jump in projected Medicare Part B shortfalls and a $2.5 trillion increase for Social Security. The Treasury’s Statement of Long-Term Fiscal Projections shows the 75-year fiscal gap widening from 4.3% of GDP in FY 2024 to 4.7% in FY 2025.
If the $88.4 trillion in 75-year off-balance-sheet obligations were added to the $47.8 trillion in official balance sheet liabilities, total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.
The Government Accountability Office (GAO) issued a disclaimer of opinion on the U.S. government’s FY 2025 financial statements — the 29th consecutive year it has been unable to determine whether the statements are fairly presented. This is primarily due to serious, ongoing financial management problems at the Department of Defense and weaknesses in accounting for interagency transactions.
Not only has the financial press ignored the consolidated financial statements, but most members of Congress and members of the general public will not read the consolidated financial statements….
Congress has clearly lost control of the nation’s finances. America is facing a fiscal catastrophe. The reckoning, long deferred, is becoming impossible to ignore.
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There is a compelling economic acceleration plan with the raw power to reign in America’s runaway public and private debt deluge and crush the looming fiscal catastrophe.
The Leviticus 25 Plan will: 1) Achieve massive new tax revenue inflows (federal, state, local): 2) Trigger large-scale, across-the-board reductions in federal income tax refunds, social program outlays, the interest expense budget item; 3) Recapitalize the Medicare and Social Security Trust Funds, the VA Health Care system, TRICARE, and FEHB; 4) Restore financial health for tens of millions of America’s hard-working, tax-paying U.S. citizens; 5) Rejuvenate free market economics and citizen-centered health care across the land.
The Leviticus 25 Plan will generate a $37.303 billion federal budget surpluse annually during each of the first five years of activation (2027-2031), and pay for itself entirely over the succeeding 10-15 years.
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 – An Economic Acceleration Plan for America
The U.S. economy would benefit very little from Fed rate cuts over the long term, and no one should be pressuring the Fed to ease in our current economic situation – when there is a monumentally better, and more powerful economic acceleration plan loaded up and ready to launch.
What the U.S. needs more than anything is massive public and private debt elimination. The immediate and long-term benefits of a systematic, massive debt elimination plan would dwarf, by orders of magnitude, the limited benefits of any rate-lowering cycle the Fed could ever set in motion.
A rate cutting cycle would have little, if any effect on reducing the $35.5 trillion national debt or the projected $2.0 trillion annual deficits, or the $3.1 trillion of State and Local debt, or the current $18.04 trillion of Household Debt in the U.S..
A rate cutting cycle would do nothing to shrink entitlement spending and reduce the government’s ever-growing footprint across America’s private sector landscape. It would do nothing to restore real financial security and rekindle the spirit of self-reliance for America’s hard-working, tax-paying U.S. citizens.
It would do nothing to spur a legitimate long-term economic growth cycle, stabilize the credit markets, and strengthen the U.S. Dollar.
A rate cutting cycle at this time would merely be an open door for additional debt accumulation and eventually lead into another rate-tightening phase. And it would penalize savers.
The Leviticus 25 Plan’s massive debt elimination sequence, on the other hand, would immediately: 1) Generate a series of annual Federal budget surpluses, along with State and Local government surpluses; 2) Reduce fraud and waste across many of government’s social insurance sectors; 3) Restore real financial security for millions of American families, rekindle the spirit of self-reliance, and scale back out-of-control big government social welfare / entitlement spending; 4) And generate a long-term economic growth cycle that would benefit all Americans, and most prominently, the 33.2 million small businesses across the U.S.. 5) Lower interest rates across the board, through excess banking sector liquidity / competitive bidding at U.S. Treasury monthly auctions.
The Leviticus 25 Plan will pay for itself entirely over a 10-15 year period.
The Leviticus 25 Plan would allow the Fed to adjust interest rates a function as free market dynamics and price discovery dictated, rather than depending upon complex timing models amid political pressures.
Higher rates would allow savers to earn millions of dollars in additional interest. It would help curb interests in ‘fast money’ and speculation within the economy, and it would decrease the likelihood of new ‘bubbles’ popping up in financial markets.
The Leviticus 25 Plan – loaded up and ready to launch.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of misery.” -Winston Churchill
“Socialism means slavery.” -Lord Acton
“Democracy and socialism have nothing in common, but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.” -Alexis de Tocqueville
Socialism leads to the politicization of society. Hardly anything can be worse for the production of wealth.
Socialism, at least its Marxist version, says its goal is complete equality. The Marxists observe that once you allow private property in the means of production, you allow differences. If I own resource A, then you do not own it and our relationship toward resource A becomes different and unequal. By abolishing private property in the means of production with one stroke, say the Marxists, everyone becomes co-owner of everything. This reflects everyone’s equal standing as a human being.
The reality is much different. Declaring everyone a co-owner of everything only nominally solves differences in ownership. It does not solve the real underlying problem: there remain differences in the power to control what is done with resources.
In capitalism, the person who owns a resource can also control what is done with it. In a socialized economy, this isn’t true because there is no longer any owner. Nonetheless the problem of control remains. Who is going to decide what is to be done with what? Under socialism, there is only one way: people settle their disagreements over the control of property by superimposing one will upon another. As long as there are differences, people will settle them through political means.
If people want to improve their income under socialism they have to move toward a more highly valued position in the hierarchy of caretakers. That takes political talent.
Under such a system, people will have to spend less time and effort developing their productive skills and more time and effort improving their political talents.
As people shift out of their roles as producers and users of resources, we find that their personalities change. They no longer cultivate the ability to anticipate situations of scarcity to take up productive opportunities, to be aware of technological possibilities, to anticipate changes in consumer demand, and to develop strategies of marketing. They no longer have to be able to initiate, to work, and to respond to the needs of others.
Instead, people develop the ability to assemble public support for their own position and opinion through means of persuasion, demagoguery, and intrigue, through promises, bribes, and threats. Different people rise to the top under socialism than under capitalism. The higher on the socialist hierarchy you look, the more you will find people who are too incompetent to do the job they are supposed to do. It is no hindrance in a caretaker politician’s career to be dumb, indolent, inefficient, and uncaring. He only needs superior political skills. This too contributes to the impoverishment of society.
The United States is not fully socialized, but already we see the disastrous effects of a politicized society as our own politicians continue to encroach on the rights of private property owners. All the impoverishing effects of socialism are with us in the U.S.: reduced levels of investment and saving, the misallocation of resources, the over-utilization and vandalization of factors of production, and the inferior quality of products and services. And these are only tastes of life under total socialism.
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The Leviticus 25 Plan
There is currently one, and only one, comprehensive economic acceleration plan in America that re-targets liquidity flows away from government agencies and corporate middlemen directly to U.S. citizens – lift people up out of poverty, revitalize self-reliance in America, and reverse the ‘impoverishing effects of socialism.’
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 – An Economic Acceleration Plan for America
