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)