Main Street America is not currently in good financial health.

ZeroHedge: ‘Worst Since COVID Lockdowns’ – Regional Fed Surveys Plunged In July

…and under the hood, it was a sh#&show!   JUL 23, 2024

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Nearly Half Of Americans Say They’re Struggling Financially: Poll

Foreclosures on the rise again nationwide — A look at the hardest hit states

Auto Insider Warns More Americans Fall Behind On Car Payments As Repos Soar 23% – “When you think about the costs for rent and shelter and insurance, all those things hit consumers and they have to choose what they will pay.”   JUL 16, 2024

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Meanwhile…

U.S. taxpayers are helping to bail out Egypt (again) through a recently expanded IMF loan of $8 billion (U.S. funds just under 20% of the IMF) and the World Bank $6 billion (U.S. funds 17.25% of the World Bank): “Egypt Teeters On Brink Of Economic Ruin As Public Debt Mounts, Poverty Rate Soars” | ZeroHedge  |  Jul 03, 2024  |  Via Middle East Eye

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And U.S. taxpayers fully funded another Middle East adventure in creative mismanagement: Biden’s $320 Million Floating Gaza Pier to be Dismantled After Operating For 21 Days Cristina Laila  TGP  Jul. 9, 2024

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And… How the US Spent $4.1 Billion on Global LGBT Initiatives | AMAC | Nov 7, 2023 From Oct. 1, 2020, through Sept. 30, 2023, the U.S. government issued more than 1,100 grants to fund LGBT-promoting projects around the world, according to a review of a federal spending website. The scope of projects varies widely.Nov 7, 2023

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And another – in Latin America: U.S. to Invest $4 Mil to Reduce Barriers Impeding LGBTQI+ Youth in Latin America,…  | Corruption Chronicles | June 13, 2024

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Meanwhile… The U.S. government dug deep into its pockets to fund this ‘generous’ outlay: Department Of Defense To Give Troops ‘Economic Hardship’ Bonus Of $20 Per Month ZeroHedge, Jul 23, 2024

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Main Street America Republicans have a better plan to eliminate ‘Economic Hardship’ for U.S. troops – and for all working class 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 2025 (19260 downloads )

“It is true that the virtues which are less esteemed and practiced now–independence, self-reliance, and the willingness to bear risks, the readiness to back one’s own conviction against a majority, and the willingness to voluntary cooperation with one’s neighbors–are essentially those on which the of an individualist society rests. Collectivism has nothing to put in their place, and in so far as it already has destroyed then it has left a void filled by nothing but the demand for obedience and the compulsion of the individual to what is collectively decided to be good.” – Friedrich A. Hayek, The Road to Serfdom

The left’s $7 trillion lie: Biden far outpaces Trump in racking up the national debt

By Stephen Moore and E. J. Antoni – Heritage Foundation Fellows | June 30, 2024

Excerpts:

Projection is blaming someone else for your own bad behavior.

We saw a classic case of projection in Thursday’s presidential debate, when President Biden — who is overseeing annual budget deficits of $2 trillion — asserted that his predecessor, Donald Trump, added more to the federal debt than anyone else….

Debate moderator Jake Tapper joined the chorus of federal finance falsehoods when he claimed Trump had “approved $8.4 trillion in new debt,” while Biden’s actions will increase the debt by (merely) $4.3 trillion over a decade.

Tapper was referencing a recent report by the left-leaning Committee for a Responsible Federal Budget, which twisted and turned the debt statistics in every contortionary way it could to reach its incredible conclusion.

CRFB, by the way, is a group that opposed the successful Trump tax reform in 2017 — yet supported several of Biden’s multitrillion-dollar spending bills…. It’s not nonpartisan, but a front group for the policies of the political left….

Over Trump’s entire term, including the 2020 spate of emergency COVID spending, the debt increased by $7.7 trillion — a staggering total, to be sure.

However, about 15% of that debt total was the result of Treasury’s choice to keep additional cash on hand during the pandemic.

Former Treasury Secretary Steve Mnuchin, unsure how much tax revenue would be collected, borrowed well over $1 trillion — but kept it in reserve, without ever spending it.

Biden, however, spent that reserve, then borrowed another $7 trillion on top of it.

Instead of simply allowing that one-time emergency COVID spending to expire, Biden and the Democratic Congress continued spending at that same COVID-era level, thus institutionalizing multitrillion-dollar deficits.

Accounting for the changes in cash balances at the Treasury, the debt actually rose $6.5 trillion during Trump’s entire term — and is up $7.9 trillion in less than four years of Biden’s tenure.

Worse, the Treasury has announced that it anticipates needing to borrow another $800 billion from July through September of this year, followed by hundreds of billions more from October to December as federal finances further deteriorate.

All told, Biden will likely oversee a net increase in the debt of more than $9 trillion in a single term — a new record.

Biden wanted to spend $2 trillion more in the last year and a half, but conservatives in the House blocked the added bloat. 

You can bet the farm that if the radical left wins the White House and Congress in 2024, that $2 trillion outlay will be first on their legislative agenda. 

Biden’s other big lie, backed by the CRFB analysis, is that extending Trump’s tax reform will drown the economy in debt.

Yet federal tax revenues have increased since that tax reform was enacted — and federal revenues as a share of GDP have not fallen.

All of the increase in today’s debt has been due to massive, out-of-control federal spending — by both parties.

Trump spent and borrowed too much, full stop.

But with a debt headed to $50 trillion if reelected and a political agenda that stifles economic growth, Biden has set America on an unsustainable fiscal path that will lead to financial oblivion.

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Again: “All of the increase in today’s debt has been due to massive, out-of-control federal spending – by both parties.”

There is a new party in town, Main Street America Republicans, with a new federal budget surplus plan – to clean this mess up: $112.6 billion annual budget surpluses covering each of the first five years of activation (2025-2029).

The Leviticus 25 Plan – Summary Details:

·  The Leviticus 25 Plan 2025 Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 1: Overview, Deficit Projection

·  The Leviticus 25 Plan Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 2: Federal Income Tax Recapture; Economic Security / Means-Tested Welfare Recapture.

·  The Leviticus 25 Plan Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 3: Medicaid, Medicare, VA, TRICARE, FEHB, SSDI Recapture

·  The Leviticus 25 Plan Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 4: Interest Expense Recapture, Totals Summary

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (18455 downloads )