Another ‘means-tested’ welfare program using U.S. Treasury debt, purchased by the Federal Reserve using ‘imaginary electronic money’ created at the Fed’s discretion – which will inevitably debase the U.S. Dollar and create ever increasing poverty…
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“39 Million Households Including Most U.S. Children To Get Up To $3,600 Stimulus In Monthly Payments“
ZeroHedge / May 17, 2021 – Excerpts:
In the latest evolution of creeping Universal Basic Income, Biden administration officials said on Monday that a poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July. The Democratic-backed American Rescue Plan, signed into law by President Joe Biden in March as a response to the coronavirus pandemic, expanded a tax credit available to most parents.
Treasury and the IRS also announced the increased CTC payments, will be made on the 15th of each month allowing families who receive the credit by direct deposit to plan their budgets around receipt of the benefit. Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.
Eligible recipients will get [annually] up to $3,000 per child between 6 and 17, or $3,600 for each child under the age of 6, in 2021, subject to income restrictions. The benefit will reach 39 million households, many automatically and by direct deposit every month, starting on July 15. It is one of several measures the administration says could lift more than 5 million children out of poverty, half of the total number of U.S. youngsters in that situation, according to Reuters.
Officials are trying to help the economy recover from the pandemic. Yet recent signs of higher inflation have raised concern that those costs could eat away at incomes and exacerbate inequality… which was underscored by Stanley Druckenmiller in a recent discussion in which he said that “There’s Been No Greater Engine Of Inequality Than The Fed“
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The American Rescue Plan will pile hundreds of billions of dollars of additional debt onto the U.S. Treasury balance sheet each month, while doing nothing to lift American families up out of poverty… nothing to improve productivity… nothing to rejuvenate America’s failing health care system… nothing to solve the rapidly depleting Social Security and Medicare trust funds… and nothing to shore up the long-term stability of the U.S. Dollar.
America needs a new plan.
The Leviticus 25 Plan is an equal opportunity plan – available to every U.S. citizen who wishes to participate.
This Plan will eliminate massive amounts of ‘ground level’ debt across America – lifting millions of families up out of poverty and providing a pathway toward financial health and prosperity for all who are willing to embrace the opportunities it provides.
This Plan will generate $383 billion surpluses annually for each of the first five years of activation, and will pay for itself entirely over the course of the following 10-15 years.
It will restore a citizen-centered health care system in the U.S. and rejuvenate the SS and Medicare trust funds.
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
$90,000 per U.S. citizen – Leviticus 25 Plan 2022 (3764 downloads)