“The free man will ask neither what his country can do for him nor what he can do for his country. He will ask rather “What can I and my compatriots do through government” to help us discharge our individual responsibilities, to achieve our several goals and purposes, and above all, to protect our freedom? And he will accompany this question with another: How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it to protect? Freedom is a rare and delicate plant.

Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power. Government is necessary to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating power in political hands, it is also a threat to freedom. Even though the men who wield this power initially be of-good will and even though they be not corrupted by the power they exercise, the power will both attract and form men of a different stamp.” – Milton Friedman, Capitalism and Freedom, 1962

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The path to restoring freedom in America begins with reducing, by millions, the number of people who need to depend on government for their daily sustenance.

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 (3934 downloads)

America needs a qualitatively new economic strategy – one that will elevate large segments of our population up the scales of financial security, so they do not need so many of these social programs to survive…

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The GAO Shows That Data Matching Can Reduce Waste, Fraud, and Abuse

Source: https://www.cdiaonline.org/data-delivered-for-good/2021/12/20/the-gao-shows-that-data-matching-can-reduce-waste-fraud-and-abuse/

Excerpts:

In 2021, the GAO conducted a review of several programs that assist low-income individuals and concluded, among other things, that better data matching can prevent fraud, waste, and abuse, and can better direct funds to people that really need it. 

In a report, the GAO looked at Earned Income Tax Credit (EITC), Housing Choice Vouchers, Low Income Home Energy Assistance Program (LIHEAP), Medicaid (Modified Adjusted Gross Income (MAGI) eligible), Supplemental Nutrition Assistance Program (SNAP), and Supplemental Security Income (SSI).  All of these programs have income eligibility requirements.

The amount of improper payments made for a number of federal assistance programs is staggering.  In 2019, improper payments for four programs was around $90b: Medicaid ($57.4b), the Earned Income Tax Credit (EITC) ($17.4b), Supplemental Security Income (SSI) ($5.5b), and SNAP ($4b).

For energy assistance programs, the GAO added that “[b]ased on [its] review of state plans, 13 agencies administering LIHEAP reported using no electronic data to verify beneficiaries’ income, verifying income in other ways, such as checking beneficiaries’ documents.”  The report added that while the U.S. “Department of Health and Human Services (HHS) has encouraged LIHEAP agencies to use electronic data to improve program integrity, [it] has not taken recent steps to share information that could facilitate its use. HHS officials said that doing so could help state agencies’ verification efforts.

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The Leviticus 25 Plan will eliminate massive amounts of personal and household debt for working, tax-paying Americans – and grant millions of American families liquidity benefits that will allow them to directly allocate resources that best suit their needs – particularly in the realm of health care.

The Plan will help lift people up economically to a level where they will not need, and subsequently will not qualify for, many of these social programs.

Reducing the raw numbers of people enrolled in these programs will also serve to reduce the scope of fraud, waste, and abuse.

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 (3934 downloads)

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

Navient is a Government-Sponsored Enterprise (GSE), formerly known as Sallie Mae, which effectively took over the student loan market in 2010. It is now losing a ‘boat-load’ of money, and taxpayers are ‘on the hook’ for billions.

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WSJ: Navient, the Student Loan Punching Bag

The Wall Street Journal Editorial Board, Jan 14, 2022 – Excerpts:

The Democrats’ government student loan takeover in 2010 is one of the great policy fiascoes of the age. But politicians can never admit it, so instead they’re kicking Navient, the student loan servicer.

Navient, formerly Sallie Mae, on Thursday agreed to settle 39 state Attorneys General lawsuits by cancelling $1.7 billion in defaulted debt. It will also make $260 payments to 350,000 federal student loan borrowers who were allegedly wrongly placed in long-term forbearance.

The State AGs accused Navient of “predatory lending” for making private loans to lower-income borrowers who attended for-profit schools, and for charging higher interest rates due to their higher credit risk. Heaven forbid a private lender, unlike the feds, try to avoid losing money.

Lower-income students couldn’t pay tuition with federal aid alone, so Navient filled the gap. For-profits also must derive at least 10% of their revenues from sources other than federal aid. So Navient indirectly helped those schools stay in business—and compete with community colleges. That’s another Navient political sin.

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The AGs accused Navient of wrongly placing borrowers in forbearance, which lets them defer payments while continuing to accrue interest. Borrowers enrolled in loan forgiveness plans also accrue interest because they often don’t pay enough to reduce their balance. This is a big reason the federal student loan balance sheet has doubled over the last decade to $1.6 trillion.

Navient denies wrongdoing and continues to fight similar legal charges filed by Obama Consumer Financial Protection Bureau Director Richard Cordray in early 2017. But it says settling the AG lawsuits was less expensive than continuing to fight. In September it also sought to end its government servicing contract because it was more hassle than it is worth.

But get this—Mr. Cordray, now chief operating officer of the Education Department’s Federal Student Aid office, requested that Navient renew the contract through 2023. Democrats need to keep around a punching bag as the government student loan debacle grows.

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Note – “The average student loan debt for recent college graduates is nearly $30,000,” according to U.S News data, Sept. 14, 2021.

The Leviticus 25 Plan grants U.S. citizens the same direct access to liquidity that was provided to major banks and insurers during the great financial crisis. Each participating/qualifying citizen would receive a deposit of $60,000 into a Family Account (FA) and $30,000 into a Medical Savings Account (MSA).

The Plan would put students back in control of their college financing – and allow the government to dramatically shrink its student loan footprint.

It would facilitate a free market environment for higher education financing and provide It would provide direct liquidity extensions to reduce/eliminate loan balances.

It would provide liquidity for loan recipients of non-government financing – and help them also reduce/eliminate debt.

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 (3926 downloads)

Massive government spending initiatives – and the law of unintended consequences…

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Real Wages Plummet As Inflation Hits The US Recovery

ZeroHedge, Jan 10, 2022 | Authored by Daniel Lacalle, – Excerpt:

The United States December jobs report shows that the labor market remains weak.

The headline 3.9% unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000.

The weak jobs figure should be viewed in the context of the largest stimulus plan in recent history. With massive monetary and fiscal support and a government deficit of $2.77 trillion, the second highest on record, job creation falls significantly short of previous recoveries and the employment situation is significantly worse than it was in 2019.

The most alarming datapoint is that real wages are plummeting. Average hourly earnings have risen 4.7% in 2021, but inflation is 6.8%, sending real wages to negative territory and the worst reading since 2011.

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“Government is not the answer,” as Pres. Ronald Reagan once said. “Government is the problem.”

Government, over the long haul, has an individualizing characteristic of complicating social issues and making problems worse.

It is high time to decentralize the system – and allow U.S. citizens to directly allocate resources, on their own behalf, in ways that best serve their personal needs and wishes, and free them from the tentacles of government control over their daily lives.

It is time to decentralize the system in a way that will eliminate massive amounts of ground-level debt in America, generate significant government budget surpluses and reduce long-term debt, and restore economic liberty for all Americans.

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 (3925 downloads)