America is on track for debt-fueled economic chaos in the years ahead – with an endgame conversion to a Central Bank Digital Currency system.
Thankfully, there is a pathway out of this tangled, intractable fiscal quandary….
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US Budget Deficit Soars By 50% In December As Fiscal Collapse Under Biden Accelerates – ZeroHedge, Jan 12, 2024 – Excerpt:
As for the final, and most shocking, data point, the December budget deficit of $129.4 billion was more than $40BN higher than the $87.5BN median estimate, and was more than 50% higher compared to the $85BN December deficit in fiscal 2022.
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US National Debt: $34.058 T
US Federal Debt to GDP Ratio: 122.29%
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U.S. Household Debt – record high: $17.29 T
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Credit Card Debt Surged To Fresh Record High in November
By Diccon Hyatt | Investopedia | Published January 08, 2024
Key Takeaways
- Consumer debt surged $23.8 billion in November, most of that due to a $19.1 billion increase in revolving debt, mainly credit cards.
- The debt is increasingly burdensome for households, with interest rates on credit card debt averaging more than 21%, the highest in decades.
- Some households are under increasing financial pressure and falling behind on their bills, with delinquencies for credit cards and car loans having recently surpassed pre-pandemic levels
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Washington Democrats’ Plan: Expand federal and state government-based social programs, expand federal bureaucracy. No plans of record to constrain spending, bring budget deficits back under control.
Washington Republicans’ Plan: No credible, politically feasible economic strategy to constrain spending enough to have any material effect on budget deficits. No plan to protect the purchasing power of the U.S. Dollar and maintain its status as the world’s reserve currency. No plan to address America’s long-term public and private debt leverage issues.
Washington Republicans have the opportunity of a lifetime to present a master plan to dig America out of its cavernous debt hole and restore the American dream – and they have nothing.
Main Street America Republicans do have a plan – an economic acceleration masterpiece that will: 1) Generate massive new tax revenue flows, cost savings, and multi-billion dollar budget surpluses each of the first five years of activation; 2) Set the U.S. Dollar back on track for long-term strength and stability; 3) Eliminate trillions of dollars in Household Debt and restore financial security for millions of American families; 4) Revitalize economic growth, strengthen the U.S. banking system; and 4) Restore economic liberty and free market economics in the United States.
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 (11268 downloads)