Washington Democrats have set America on a downward glide-path to the ‘fiscal cliff’ where the U.S. Dollar crashes and the whirlwind of economic chaos wreaks its destruction across the land.

Washington Republicans are again in disarray with no viable plan to unite the party and resolve America’s debt crisis, and win votes from working-class Americans.

Main Street America Republicans, meanwhile, do have a plan – the most powerful economic acceleration plan on the face of the globe.

Sep-Oct 2023 Washington Democrats are pressing hard for ongoing, unrestrained deficit-spending and its corollary effects:  1) fueling the ongoing inflation crisis; 2) steepening the growth curve of America’s national debt; 3) weakening the U.S. Dollar’s status as the world’s reserve currency; 4) imposing ever-greater government control over the daily affairs of U.S. citizens; 5) and ultimately endangering our national security.

Washington Republicans have no viable, vote-winning economic plan (with real numbers), other than to lightly ‘tap the brakes’ on the Democrats’ tax, spend, and regulate big-government agenda.  Washington Republicans have no over-riding vision, no detailed plan with hard number projections, to get America up off its knees and back on track.

Headlines:

McCarthy Throws Fit, Accuses GOP Hardliners Of Wanting To “Burn The Whole Place Down” As Shutdown Looms – ZeroHedge, Sep 22, 2023 – Excerpt: House Speaker Kevin McCarthy has sent the House home for the week without a resolution on the looming government shutdown, after members of the Freedom Caucus refused to play ball, scuttling plans to pass a Continuing Resolution (a 30-day band-aid to avoid government shutdown), and putting 11 appropriations bills in jeopardy which McCarthy is hoping to pass in the next nine days.

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BREAKING: House Republicans Fail to Pass Short-Term Spending Bill as Government Shutdown Looms – Cristina Laila  TGP  Sep. 29, 2023

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Government Prepares Employees For Shutdown As Congress Rolls Out Last Ditch (DOA) Stopgaps – Meanwhile Gaetz guns for McCarthy…  SEP 29, 2023

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GOP created — and must clean up — shutdown mess – Star Tribune, Sep 26, 2023

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Speaker McCarthy ousted in historic House vote, as scramble begins for a Republican leader – (AP) Oct 3, 2023

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May 2023: – a look back…:

Debt-Ceiling Update: Washington Republicans Getting Pilloried Over Vague $4.8 Trillion Non-Defense Budget Cuts. “Meanwhile, Main Street America’s Republicans” Present Their Own Powerhouse, Debt-Busting Plan to Get the United States Back on Track.

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Washington Republicans are once again playing out a ‘losing hand’ with voters in this ongoing game of budget roulette. 

Washington Republicans right now have a golden opportunity, a once in a generation moment, to present a dynamic new winning plan for America – one that would put an end to these revolving-door debt ceiling impasses once and for all – and deliver a powerful debt-elimination strategy across all sectors of the U.S. economy, with major financial security gains for working Americans.  A plan that will strengthen America’s long-term national security interests.

Main Street America Republicans have just such a plan – loaded up and ready to launch.

The Leviticus 25 Plan economic acceleration plan that will provide a dynamic ‘recharge’ to the U.S. economy, generate meaningful budget surpluses, reestablish citizen-centered healthcare, and restore economic liberty in America. 

It will “unleash a new wave of prosperity” in America.

The Leviticus 25 Plan will generate $619 billion federal budget surpluses for the initial 5 years of activation (2024-2028), and completely pay for itself over the succeeding 10-15 years.

The Leviticus 25 Plan is a powerful 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 2023

Economic Scoring links:

·    The Leviticus 25 Plan – 2024 Generates $619.5 billion Federal Budget Surpluses (2024-2028) Part 1: Overview, Deficit Projection

·    The Leviticus 25 Plan Generates $619.5 Billion Federal Budget Surpluses Annually (2024-2028). Part 2: Federal Income Tax Recapture; Economic Security / Means-Tested Welfare Recapture.

·    The Leviticus 25 Plan Generates $619.5 Billion Federal Budget Surpluses Annually (2024-2028). Part 3: Medicaid, Medicare, VA, TRICARE, FEHB, SSDI Recapture.

·    The Leviticus 25 Plan Generates $619.5 Billion Federal Budget Surpluses Annually (2024-2028). Part 4: Interest Expense Recapture, Totals Summary

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The Leviticus 25 Plan – An Economic Acceleration Plan for America 2024

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (7407 downloads)

Website:  https://leviticus25plan.org/

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Preview 1:

The Leviticus 25 Plan provides a $90,000 credit extension, direct from the Federal Reserve, to every participating U.S. citizen:  $60,000 into a Family Account (FA) and $30,000 into a Medical Savings Account (MSA).

Example:  Qualifying family of four would receive $240,000 in their FA, and $120,000 in their MSA.

Primary goals:  Massive debt elimination at family level: mortgage debt, consumer debt, student loan debt.  Federal budget surpluses.

Eligibility:  U.S. Citizen.  Job history, credit history requirement (similar to traditional credit checks for bank loans).  Clean recent drug history.  Clean crime history.

Requirements:  Forego all federal and state tax refunds for 5-year period.

Forego Economic Security and selected means-tested welfare benefits – for minimum 5-year period.

Forego enhanced federal rental forbearance/assistance – for minimum 5-year period.

Forego SSI and SSDI for minimum 5-year period.

New $6,000 deductible on primary care access to: Medicare, Medicaid, VA, TRICARE, FEHB – for minimum 5-year period.

The Plan assumes that the elite-wealthy will not participate, because their refunds are too valuable to give up over the requisite 5-year period.

The Plan also assumes that many who heavily depend on Economic Security and social welfare benefits will also choose not to participate, because the overriding value of those benefits, vs foregoing them, over the 5-year period.

Preview 2:

The Leviticus 25 Plan grants the same direct access to liquidity, through a Fed-based Citizens Credit Facility, similar to the credit facilities that were created by the Fed to transfuse trillions of dollars in direct transfers and credit extensions to Wall Street’s major banks, credit agencies and insurers during the great financial crisis. 

The following facilities were created and activated by the Fed for this massive Wall Street bail out operation: Term Auction Facility (TAF), Primary Dealer Credit Facility (PDCF), Term Securities Lending Facility (TSLF), currency swap agreements with several foreign central banks,  Commercial Paper Funding Facility (CPFF), Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), Money Market Investor Funding Facility (MMIFF), and the Term Asset-Backed Securities Loan Facility (TALF), and access to the Fed’s Discount Window.

Additional perspective:  SIGTARP, the oversight agency of the Troubled Asset Relief Program (TARP), in its July 2009 report, vetted by Treasury, noted that the U.S. Government’s “Total Potential Support Related to Crisis” (page 138) amounted to $23.7 trillion. While this figure represents a backstop commitment, not a measure of total potential loss, it is nonetheless an astounding degree of support, in the form of liquidity infusions, credit extensions and guarantees, various other forms of assistance for financial institutions and other business entities affected by the financial crisis.

Preview 3:

The Leviticus 25 Plan website has been accessed on one or more occasions by the following financial enterprises/agencies:  JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, Wells Fargo, State Street, Merrill Lynch, AIG, Barclays Plc, Royal Bank of Scotland, Deutsche Bank, Société Générale S.A, UBS AG, Credit Suisse, BNP Paribas, The U.S. Department of Treasury, General Accountability Office (GAO), The European Central Bank (ECB), Bank of England (BOE), Swiss National Bank (SNB), Bank of Canada, Bank of Montreal, Bank for International Settlements (BIS).

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The General Accountability Office has stated that America’s ongoing debt crisis is unsustainable.

It is time for America to institute a bold, new plan.

The Leviticus 25 Plan is loaded up and ready to launch.  The ‘golden moment’ for Republicans has arrived.

America’s government entities have a gargantuan debt problem.

The Leviticus 25 Plan has the solution.

Federal debt:  $32.9 trillion

State debt:  $1.27 trillion

Local debt:  $2.38 trillion

Source:  https://www.usdebtclock.org/

The U.S. Governmental Accountability Office

The Nation’s Unsustainable Fiscal Path

How much federal debt is held by the public — past, present, and future?

Debt held by the public is the total amount of money that the federal government owes to its investors. We compare projections of the debt (what is owed) to gross domestic product, or GDP (what is earned), to show the debt in relation to the size of the economy supporting it. Our annual report on the nation’s fiscal health, released May 2023, provides our latest projections. 

At the end of fiscal year (FY) 2022, federal debt held by the public was about 97% of the GDP.

The federal deficit in FY 2022 decreased 50% from FY 2021 to $1.4 trillion—but it was still the fourth largest deficit in U.S. history. The decline is attributable to higher tax revenue and lower federal spending due to the COVID-19 pandemic. You can learn more about the current financial condition here.

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The Leviticus 25 Plan would eliminate federal deficits and generate $619.5 billion surpluses each of the first five years of activation:

2023 Economic Scoring Update:

 ·    The Leviticus 25 Plan – 2024 Generates $619.5 billion Federal Budget Surpluses (2024-2028) Part 1: Overview, Deficit Projection

 ·    The Leviticus 25 Plan Generates $619.5 Billion Federal Budget Surpluses Annually (2024-2028). Part 2: Federal Income Tax Recapture; Economic Security / Means-Tested Welfare Recapture.

 ·    The Leviticus 25 Plan Generates $619.5 Billion Federal Budget Surpluses Annually (2024-2028). Part 3: Medicaid, Medicare, VA, TRICARE, FEHB, SSDI Recapture.

 ·    The Leviticus 25 Plan Generates $619.5 Billion Federal Budget Surpluses Annually (2024-2028). Part 4: Interest Expense Recapture, Totals Summary

The Leviticus 25 Plan would reignite a powerful long-term economic growth cycle with stronger revenue growth, and it would dramatically reduce participation in state and local government entitlement programs – thereby eliminating massive amounts of state and local debt.

In many of the well-managed state and local government entities, the balance sheet gains would be sufficiently large and sustainable to allow for broad-based tax cuts.

The Leviticus 25 Plan would generate dynamic new tax revenue flows and reduce dependence on government by U.S. citizens.

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 2023 (7161 downloads)

‘No Lessons Have Been Learned.’ Why the Trillion-Dollar Coronavirus Bailout Benefited the Rich – TIME

June 18, 2020 – Excerpts:

When Congress passed the $2.2 trillion dollar Coronavirus Aid, Relief, and Economic Security Act (CARES) in late March, lawmakers were quick to tout its egalitarian guardrails.

Unlike the 2008 bailout packages, which funneled hundreds of billions to Wall Street and padded executives already-cushy pay packages, the CARES Act was shot through with provisions that lawmakers said would ensure that federal funds actually went to those in need. Any money loaned through the new $500 billion Federal Reserve program, for example, came with oversight measures, limits on stock buybacks and caps on executive compensation.

But nearly three months after the CARES Act’s passage, none of those guardrails appear to have made much of a difference. The disbursement of the money so far has been riddled with complaints and analyses showing it has disproportionately gone to the wealthiest corporations and individuals.

“No lessons have been learned [from the 2008 bailout]—it certainly seems that way,” says Neil Barofsky, who oversaw the Troubled Asset Relief Program as Inspector General under the Obama administration. Those much-talked-about guardrails that lawmakers imposed on the $500 billion Federal Reserve program, for example, have been mostly irrelevant so far. By June 17, the Treasury had committed to spending just $222 billion, less than half of the funds it was allocated. The rest of the roughly $1.7 trillion allotted through the CARES Act was not, for the most part, subject to the same restrictions.

A prime example of the market sector that benefited handsomely:  The KBW Bank Index showed an astounding 300% gain dating from the initial passage of the CARES Act in March 2020 through the end of 2022.

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The KBW Index is slumping again in 2023, and the Fed is once again providing emergency funding.

Bloomberg Sep 7, 2023 – Usage of The Fed’s emergency bank funding facility jumped by $328 Million last week to a new high of $108BN…

Source: Bloomberg

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The banking sector remains unsettled – Fitch “mulling over sweeping rating downgrades for dozens of banks, including ones as big as JPMorgan Chase.”

Fitch Warns Big Banks Face Downgrades

ZeroHedge, Aug 15, 2023 – Excerpts:

At the start of August, Fitch Ratings downgraded the US government’s top credit rating. Last week, Moody’s cut the credit ratings of small and midsized US banks because of higher funding costs, potential regulatory capital weaknesses, and rising risks tied to commercial real estate loans. Now, another week, another possible downgrade, this time of major banks.

Fitch analyst Chris Wolfe told CNBC another round of turmoil could be nearing for the banking industry. He said the ratings agency is mulling over sweeping rating downgrades for dozens of banks, including ones as big as JPMorgan Chase. 

“Another one-notch downgrade of the industry’s score, to A+ from AA-, would force Fitch to reevaluate ratings on each of the more than 70 US banks it covers,” Wolfe told CNBC at the firm’s New York headquarters. 

He continued, “If we were to move it to A+, then that would recalibrate all our financial measures and would probably translate into negative rating actions.”…

This comes one week after a triple whammy of factors of regional banks: Higher funding costs, potential regulatory capital weaknesses, and rising risks tied to CRE loans prompted Moody’s to lower credit ratings for ten small and midsize US banks; and noted in a slew of notes that it may downgrade major banks.

“Collectively, these three developments have lowered the credit profile of a number of US banks, though not all banks equally,” the ratings agency wrote in some of the assessments….

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S&P and Moody’s warn of “more pain ahead” for banks.

S&P Joins Downgrade Party Of US Banks Due To “Tough” Climate

ZeroHedge, Aug 22, 2023 – Excerpts:

Two weeks after Moody’s slashed ratings of regional banks on a ‘triple whammy of factors’, now S&P Global Ratings is joining the downgrade party. S&P is painting a grim picture for even more lenders due to higher interest rates and deposit outflows, according to Bloomberg. 

S&P wrote in a research note that a “tough” lending environment forced them to downgrade five banks – KeyCorp, Comerica Inc., Valley National Bancorp, UMB Financial Corp., and Associated Banc-Corp, one notch citing negative outlooks for River City Bank and S&T Bank. The rating agency said the review of Zions Bancorp remains negative.

The reason for the downgrades is because depositors have “shifted their funds into higher-interest-bearing accounts, increasing banks’ funding costs,” S&P said, adding, “The decline in deposits has squeezed liquidity for many banks while the value of their securities – which make up a large part of their liquidity – has fallen.”

S&P’s downgrades come two weeks after Moody’s slashed the ratings on ten small and midsize banks. It cited higher funding costs, potential regulatory capital weaknesses, and rising risks tied to commercial real estate loans as the reasons for the downgrade. 

“US banks continue to contend with interest rate and asset-liability management risks with implications for liquidity and capital, as the wind-down of unconventional monetary policy drains system-wide deposits and higher interest rates depress the value of fixed-rate assets,” Moody’s analysts Jill Cetina and Ana Arsov said in the accompanying research note.

Moody’s also warned there is more pain ahead: “We continue to expect a mild recession in early 2024, and given the funding strains on the US banking sector, there will likely be a tightening of credit conditions and rising loan losses for US banks.”

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Main Street America Republicans have the solution.

The Leviticus 25 Plan re-targets Fed liquidity flows in a way that will eliminate vast amounts of the ‘ground level’ debt that is strangling the U.S. economy.

It will shore up the balance banks of virtually every bank in America, large and small, by shifting troubled loans and delinquent credit card accounts back into a state of ‘currency.’

It will mitigate the ‘squeezed liquidity” and “rising loan losses” currently plaguing US banks.

It will set America back on course for a long-term economic growth cycle.

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 2023 (7151 downloads)

The U.S. government has taxed working class Americans to pump enormous amounts of money into anti-poverty programs.

Heritage.org:  In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.” In the 50 years since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs.

The U.S. government has taxed working class Americans to pump vast sums of money into the U.N./IMF and the World Bank – large sums of which end up in the treasure chests of America’s avowed enemies. (e.g. World Bank’s Top 10 Biggest Debtors).

The U.S. government poured out over $15 billion in the Silicon Valley Bank bailout – in large part due to waiving the $250,000 federal deposit insurance limit for many of the wealthy depositors “that were in no real danger,” as noted in the Fortune article below.  

Fortune:  The FDIC has accidentally released a list of companies it bailed out for billions in the Silicon Valley Bank collapse

June 23, 2023 – Excerpt: “… the decision to guarantee all accounts above the $250,000 federal deposit insurance limit also helped bigger companies that were in no real danger. Sequoia Capital, the world’s most prominent venture-capital firm, got covered the $1 billion it had with the lender. Kanzhun Ltd., a Beijing-based tech company that runs mobile recruiting app Boss Zhipin, received a backstop for more than $900 million. 

The U.S. government and Federal Reserve pumped trillions of dollars of liquidity extensions and credit guarantees into major domestic and foreign banks and insurers during the 2008-2010 financial crisis, including:  Morgan Stanley, Bank of America, Citigroup, JP Morgan, Goldman Sachs, State Street, Wells Fargo, Merrill Lynch, AIG, Barclays, Deutsche Bank, Royal Bank of Scotland, UBS AG, BNP Paribas, and numerous others.

Thanks to the Federal Reserve, thousands of ultra-wealthy banking principles, insiders, and major investors did not have to take ‘a haircut.’

Meanwhile, meanwhile 8.8 millions jobs were lost, while at the same time, several of the very banks / mortgage servicing institutions receiving Fed liquidity extensions, turned right around and foreclosed on some 8.4 million homes during the crisis.

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Working class Americans are currently getting taxed from every imaginable angle:

Paradigm Life: Here are the 97 taxes in the US tax code:

1. Air Transportation Taxes
2. Biodiesel Fuel Taxes
3. Building Permit Taxes
4. Business Registration Fees
5. Capital Gains Taxes
6. Cigarette Taxes
7. Court Fines
8. Disposal Fees
9. Dog License Taxes
10. Drivers License Fees
11. Employer Health Insurance Mandate Tax
12. Employer Medicare Taxes
13. Employer Social Security Taxes
14. Environmental Fees
15. Estate Taxes
16. Excise Taxes On Comprehensive Health Insurance Plans
17. Federal Corporate Taxes
18. Federal Income Taxes
19. Federal Unemployment Taxes
20. Fishing License Taxes
21. Flush Taxes
22. Food And Beverage License Fees
23. Franchise Business Taxes
24. Garbage Taxes
25. Gasoline Taxes
26. Gift Taxes
27. Gun Ownership Permits
28. Hazardous Material Disposal Fees
29. Highway Access Fees
30. Hotel Taxes (these are becoming quite large in some areas)
31. Hunting License Taxes
32. Import Taxes
33. Individual Health Insurance Mandate Taxes
34. Inheritance Taxes
35. Insect Control Hazardous Materials Licenses
36. Inspection Fees
37. Insurance Premium Taxes
38. Interstate User Diesel Fuel Taxes
39. Inventory Taxes
40. IRA Early Withdrawal Taxes
41. IRS Interest Charges
42. IRS Penalties
43. Library Taxes
44. License Plate Fees
45. Liquor Taxes
46. Local Corporate Taxes
47. Local Income Taxes
48. Local School Taxes
49. Local Unemployment Taxes
50. Luxury Taxes
51. Marriage License Taxes
52. Medicare Taxes
53. Medicare Tax Surcharge On High Earning Americans Under Obamacare
54. Obamacare Individual Mandate Excise Tax
55. Obamacare Surtax On Investment Income
56. Parking Meters
57. Passport Fees
58. Professional Licenses And Fees (another form of taxation)
59. Property Taxes
60. Real Estate Taxes
61. Recreational Vehicle Taxes
62. Registration Fees For New Businesses
63. Toll Booth Taxes
64. Sales Taxes
65. Self-Employment Taxes
66. Sewer & Water Taxes
67. School Taxes
68. Septic Permit Taxes
69. Service Charge Taxes
70. Social Security Taxes
71. Special Assessments For Road Repairs Or Construction
72. Sports Stadium Taxes
73. State Corporate Taxes
74. State Income Taxes
75. State Park Entrance Fees
76. State Unemployment Taxes (SUTA)
77. Tanning Taxes
78. Telephone 911 Service Taxes
79. Telephone Federal Excise Taxes
80. Telephone Federal Universal Service Fee Taxes
81. Telephone Minimum Usage Surcharge Taxes
82. Telephone State And Local Taxes
83. Telephone Universal Access Taxes
84. The Alternative Minimum Tax
85. Tire Recycling Fees
86. Tire Taxes
87. Tolls
88. Traffic Fines
89. Use Taxes
90. Utility Taxes
91. Vehicle Registration Taxes
92. Waste Management Taxes
93. Water Rights Fees
94. Watercraft Registration & Licensing Fees
95. Well Permit Fees
96. Workers Compensation Taxes
97. Zoning Permit Fees

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Washington Democrats and Republicans have no plans of redress for working American families bearing the brunt of their taxing / spending/ inflation-driving high deficit policies.

Main Street America Republicans do have a plan – one that will instantaneously eliminate vast quantities of debt for America’s middle-income earners and ‘destress’ small businesses across the land.

The Leviticus 25 Plan will re-incentivize work, expand the work force, and increase productivity.

It will grant millions of American families the same direct access to liquidity that was provided to Wall Street’s financial sector (2008-2010) – to allocate freely and directly according to their discretionary needs (housing upgrades, transportation upgrades, stay-at-home opportunities for raising a family, child-care services, education, job-training, health-care access, quality of life improvements.  

The most powerful economic plan in the world:

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 2023 (7063 downloads)