Monsignor Fulton J. Sheen – 1931 essay:

“America, it is said, is suffering from intolerance – it is not.  It is suffering from tolerance. Tolerance of right and wrong, truth and error, virtue and evil, Christ and chaos. Our country is not nearly so overrun with the bigoted as it is overrun with the broadminded.”

“Tolerance is an attitude of reasoned patience toward evil … a forbearance that restrains us from showing anger or inflicting punishment. Tolerance applies only to persons … never to truth. Tolerance applies to the erring, intolerance to the error … Architects are as intolerant about sand as foundations for skyscrapers as doctors are intolerant about germs in the laboratory.

Tolerance does not apply to truth or principles. About these things we must be intolerant, and for this kind of intolerance, so much needed to rouse us from sentimental gush, I make a plea. Intolerance of this kind is the foundation of all stability.”

“The refusal to take sides on great moral issues is itself a decision. It is a silent acquiescence to evil. The Tragedy of our time is that those who still believe in honesty lack fire and conviction, while those who believe in dishonesty are full of passionate conviction.”

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Glenn Hubbard, dean of the Columbia Business School and former chairman of the Council of Economic Advisers during the George W. Bush presidency,. recently urged that financial crisis interventions should not be limited to banks.

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*Bailouts Shouldn’t Be Only for Banks – WSJ

Wall Street Journal, 9-14-18 – Excerpts:

“To be sure, recapitalizing financial institutions was an important element of the policy response. The depletion of capital buffers before the crisis reduced loan supply and exacerbated fire sales of distressed assets once the market collapsed. Cash infusions by the Treasury under the Troubled Asset Relief Program, in concert with the Fed’s bold lender-of-last-resort interventions, blunted the impact of the crisis.

That said, the perceived lack of attention to “Main Street” fed public suspicion of the bailouts. The government appeared to be more interested in addressing the decline in bank capital than the decline in home values. Millions of homeowners who were current in their mortgage payments were unable to refinance at lower interest rates because they were underwater. Yet many of these mortgages were already guaranteed by Fannie Mae and Freddie Mac , meaning taxpayers held the credit risk. Banks and investors holding the mortgages would never receive less than par.

The government should have directed a mass refinancing of mortgages for primary homes in which the borrower was current in payments. This would have led to an increase in disposable income and in home prices totaling more than $100 billion, according to a proposal Christopher Mayer and I offered at the time. The Treasury instead offered a tepid version of this with the Home Affordable Modification Program and the Home Affordable Refinance Program. These initiatives lacked the boldness of the bank bailouts, and Americans noticed…”

Hubbard concluded, “Ten years on, the U.S. still lacks a detailed plan for post-crisis intervention…”

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Solution: What America really needs, to restore financial health to working families and ‘power up’ economic vitality across Main Street America – is a detailed plan for ‘pre-crisis’ intervention.

America needs a plan that will insulate Main Street America from the next financial crisis. This detailed plan must also generate massive new tax revenue flows and a powerful, sustainable reduction in government deficits.

The Leviticus 25 Plan is currently loaded up and ready to launch…

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

$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (31187 downloads )

M. Stanton Evans, Sep 11, 1960:

“That foremost among the transcendent values is the individual’s use of his God-given free will, whence derives his right to be free from the restrictions of arbitrary force;

That liberty is indivisible, and that political freedom cannot long exist without economic freedom;

That the purpose of government is to protect those freedoms through the preservation of internal order, the provision of national defense, and the administration of justice;

That when government ventures beyond these rightful functions, it accumulates power, which tends to diminish order and liberty;

That the Constitution of the United States is the best arrangement yet devised for empowering government to fulfill its proper role, while restraining it from the concentration and abuse of power;

That the genius of the Constitution—the division of powers—is summed up in the clause that reserves primacy to the several states, or to the people, in those spheres not specifically delegated to the Federal government;

That the market economy, allocating resources by the free play of supply and demand, is the single economic system compatible with the requirements of personal freedom and constitutional government, and that it is at the same time the most productive supplier of human needs;

That when government interferes with the work of the market economy, it tends to reduce the moral and physical strength of the nation; that when it takes from one man to bestow on another, it diminishes the incentive of the first, the integrity of the second, and the moral autonomy of both;

That we will be free only so long as the national sovereignty of the United States is secure; that history shows periods of freedom are rare, and can exist only when free citizens concertedly defend their rights against all enemies;

That the forces of international Communism are, at present, the greatest single threat to these liberties.”

__________________________________

“That liberty is indivisible, and that political freedom cannot long exist without economic freedom…”

Economic freedom for America begins here:

he Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2026 (31187 downloads )

JPMorgan’s Jamie Dimon Predicts ‘Crack in the Bond Market,’ Citing U.S. Fiscal Mess – WSJ | May 30, 2025 – Excerpt:

Without substantial changes, the U.S. is headed for a reckoning, Dimon said. “And I tell this to my regulators…it’s going to happen, and you’re going to panic,” he said. “I just don’t know if it’s going to be a crisis in six months or six years.”

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Interest Paid on the US Debt Soars

06/18/2025 • Mises Wire • Ryan McMaken – Excerpt:

[The] United States has in recent years outpaced other major developed economies to become the country with the largest debt-service burden. For example, when compared to Canada and major European economies, the US pays, by far, the largest amount of interest as a percentage of revenue. The trend in the US has been clearly upward since 2012, but surged well above peer countries after 2021. As of 2023, the US debt service amounts to 18 percent of total revenue.

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“Average Interest Rate on the Debt” – Update on an Ugly Situation

By Wolf Richter, May 29, 2025 – Excerpt:

The debt has ballooned by $13 trillion (by 56%) in just five years, from $23.2 trillion in Q1 2020 to $36.2 trillion in Q1 2025, including by $2.2 trillion in 2024 despite above-average real GDP growth.

The ballooning of the debt is temporarily on hold due to the debt ceiling, but to make up for it, because there are no free lunches, it will spike by $1 trillion within months of the debt ceiling getting lifted, and will continue to balloon with renewed vigor afterwards.

Interest rates are much higher than the historic lows five years ago.

Short-term interest rates had been at near-0% in 2020 and 2021, but started rising in 2022 and reached about 5.4% in mid-2023 and then stayed there for a year. Last fall, the Fed cut its policy rates by 100 basis points, which has pushed down the interest rate at which the government can sell T-bills to about 4.3%. The $6 trillion in T-bills are constantly getting rolled over as they mature, and new T-bills are sold at lower interest costs for the government, which contributed to the dip in interest expenses.

However, the interest rates at which the government can sell long-term Treasury securities have not changed much over the past two years. For example, the 10-year yield lurched up and down over those two years, sometimes violently, but has mostly remained in a range between 3.7% and 4.7%, and is now about where it was a year ago (4.4%). And those rates are far higher than where they’d been.

For instance, the 10-year Treasury issue that matured this month was sold in May 2015 at a yield of 2.24%. The government replaced it this month with new 10-year notes that it sold with a yield of 4.34%, nearly double the interest cost for the government.

In addition, the size of the issue has doubled, from $24 billion in 2015 to $42 billion in this Month.

But the process is slow. Long-term securities by definition are slow to cycle out of the debt, so changes in long-term interest rates filter only slowly into the debt as old maturing debt is replaced with new debt that comes with the new interest rates.

These dynamics form the average interest rate that the government pays on its total outstanding debt. That average interest more than doubled from 1.55% in 2022 to 3.35% August 2024. Since then, it has eased a hair. In April, it inched up to 3.29%, according to data from the Treasury Department…

The ugly Debt-to-GDP ratio: Total debt as percent of GDP eased in Q1 to 120.8%, based on the second estimate of Q1 “current dollar” GDP released by the BEA today. It dipped because the debt ceiling temporarily blocked the debt from growing.

The Debt-to-GDP ratio = total debt (not adjusted for inflation) divided by “current dollar” GDP (not adjusted for inflation). Inflation cancels out because the inflation factor affects both the numerator and the denominator equally.

________________________________________

Washington Republicans and Democrats have no plan, and the U.S. Treasury Department has no plan, and the Federal Reserve has no plan – to get America’s burgeoning federal budget deficits back under control.

Main Street America Republicans do have a plan.

The Leviticus 25 Plan will produce (conservatively) $36.568 billion federal budget surpluses during each year of its first five years of activation (2026-2030) – and pay for itself entirely over the next 10-15 years.

It will also rebalance fiscal balance sheets for state and local governments, restore financial security for millions of American families, and rejuvenate a long-term economic growth cycle (not driven by debt issuance).

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

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

$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (31184 downloads )

The Leviticus 25 Plan offers a perfect complement to a coming “regulatory change” in the Supplemental Leverage Ratio (SLR) for banks.

The massive private sector debt reduction generated under The Leviticus 25 Plan would lead to enormous cash inflows for banks. Regulatory change in the SLR would then allow banks greater access to the Treasury market. This dynamic would increase demand for Treasury’s, thereby stabilizing the Treasury market and the U.S. Dollar, and significantly pull down interest rates.

The Leviticus 25 Plan – the most powerful decentralizing economic acceleration plan in the world. There is no other competing plan anywhere in sight.

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Treasury’s Reliance on Short-Term Debt Exploded in Recent Years

The Bear Traps Report, Dec 20, 2024 – Excerpts:

….We are witnessing a Covid era like spending in 2024 without a pandemic. The Treasury Department has come to rely on short-term bills to fund the government. But with $36Tr of debt, the Treasury has to issue bills almost every day to keep funding the government and to refund maturing debt.

• *CBO data, Bloomberg. The average weighted coupon on the U.S. debt load is about 2.7% vs. over 4.5% for 10-year U.S. Treasuries. As bonds mature, they get refinanced at much higher yields.

$10Tr of Debt Refinancing Next Year – In 2024 Treasury faced around $10Tr of maturing debt. To refinance this debt, it issued a whopping $26Tr of bills and bonds. More than 84% of that paper was short-term bills with a maturity of 6 months or less. Treasury keeps re-issuing bills with a maturity of 4 to 8 weeks or 3,4 to 6 months, which are the most popular maturities in a continuing, ever-increasing roll down of the debt, day after day, month after month.

ALERT – By issuing nearly a colossal load of extremely short-term bills, Janet Yellen succeeded in suppressing bond volatility in an election year and, in our view, strategically placing that bond market volatility into 2025 after the election. You can “why” see above, she wanted LESS long-term paper in circulation markets in the election year.

Now, in 2025 – this paper has to be rolled over and termed out into longer-dated bonds. The USA is behaving like a financially trapped emerging market country. Living on the “front-end” of the yield curve is a VERY dangerous game.  

…..

Never, ever forget that 6% today is equivalent to the destructive capacity of 10% twenty years ago. Interest rates up, mean bond prices down. A 1% move in interest rates higher today is an entirely different, far more lethal equation.

Incoming Stress Points – In 2025 the U.S. Treasury faces $9.6Tr of maturities in their so-called publicly held debt. In Q1 alone — the government faces $5.58Tr of maturities (bonds coming due, redemption), but 86% of those are short-term bills that the Treasury department rolls over into new 4-week, 8-week, 3,4, or 6-month bills, among others. 

As a result, almost daily bill auctions are coming to a theater near you, as the Treasury Department mindlessly keeps pushing new paper into the market to pay back the colossal amount of maturing debt.

…..

One big bullish catalyst for treasuries would be a regulatory change to exempt treasuries from the Supplemental Leverage Ratio (SLR). It is unclear if and when this would be implemented, although Bessent was hinting at regulatory relief for banks to boost banks’ treasury holdings. Exempting treasuries allows banks to hold more Treasuries on their balance sheets without needing to hold additional capital against them, freeing up the capacity for banks to participate more actively in the Treasury market. Its unclear how much treasury demand that would create, but in 2021, when the temporary SLR exemption was reinstated after COVID, prime dealers reduced their Treasury holdings from $250bl to $125bl in 2 months. A change in the SLR ratio may come but is going to take months before the rules are changed. A phase-out of QT for treasuries would be a more immediate, albeit more modest, relief for the bond market. According to this timeline, the Fed will end up buying $100bl of treasuries in 2025, a big change from the $500bl of treasury sales in 2024.

_______________________________________

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (30882 downloads )

Senate Version Of ‘Big Beautiful Bill’ Sets Up Showdown With House Over Taxes, Medicaid And SALT

ZeroHedge, Jun 17, 2025 – Excerpts:

Senate Republicans on Monday unveiled the final and most contentious component of President Trump’s sweeping legislative package, the “Big, Beautiful Bill.” The Finance Committee’s long-awaited text – covering tax policy, Medicaid, and energy provisions – sets the stage for difficult negotiations between the Senate and the narrowly Republican-controlled House.

The Senate proposal scales back or reconfigures several measures passed by the House last month, particularly around health care funding and green energy. It also reveals stark policy divides that could derail GOP unity in the upper chamber….

Collision Course Ahead – With the Senate bill now public, Republicans face an uphill climb in reconciling the two chambers’ positions. Deep ideological divisions remain on Medicaid reform, tax relief structure, and the scale of federal borrowing.

Negotiations are expected to intensify in the coming weeks as Republicans seek to deliver on Trump’s legislative priorities while avoiding a GOP family feud that could fracture the party ahead of November.

Full article: https://www.zerohedge.com/political/senate-version-big-beautiful-bill-sets-showdown-house-over-taxes-medicaid-and-salt

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Washington Republicans, holding a majority in both Houses of Congress, will be wrangling over a massive spending bill that will: 1) Do nothing to shrink the national debt and decelerate the growth in America’s massive federal budget deficits; 2) Do nothing constructive to help lift people up out of poverty and scale back America’s enormous entitlement spending obligations; 3) Do nothing to revitalize long-term economic growth and economic liberty; 4) Do nothing to eliminate vast tracts of Household Debt and restore financial health for millions of American families; 5) Do nothing to recapitalize Medicare, Medicaid, VA Health Care, TRICARE, and FEHB; 6) Do nothing to eliminate the strain on the Social Security Trust Fund.

They will get ‘tarred and feathered’ once again for ‘reducing government benefits for the poor’… and for ‘raising the debt ceiling’ and ‘running up annual budget deficits.’

Washington Republicans right now have a golden opportunity to begin winning over the hearts and minds of hundreds of millions of hard-working, tax-paying U.S. citizen voters by: 1) Generating $37.303 billion annual budget surpluses (2027-2031); 2) Lifting millions of people up out of poverty and restoring financial health for millions of middle-class American families; 3) Resolving the colossal $1.777 trillion student debt obligations owed by 42.7 million borrowers – without burdening other working Americans who paid their loans back, or did not ever incur student debt; 4) Recapitalizing the Medicare and Social Security Trust Funds; 5) Securing better reimbursement schedules for Medicare and Medicaid providers; 6) Strengthening and improving efficiency in VA Health Care, TRICARE, and FEHB; 7) Restoring economic liberty and a better future for all Americans.

It all starts here, with the most powerful economic acceleration 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

$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (30837 downloads )

A look back…

Six major banks were recently fined $4.3 billion by regulatory agencies for rigging foreign exchange (FOREX) benchmarks at “crucial moments” on given trading days during 2008 though 2013.

The investigation by four regulatory agencies determined that traders from the big banks manipulated “two key exchange rates, or ‘fixes,’ set each day. One of them, the WM/Reuters fix, is based on trading in a one-minute window around 4pm every day in London. The other, the ECB fix, is a snapshot of the market at 2:15pm in Frankfurt.” (Source: Bloomberg, Nov 12, 2014)

According to the Wall Street Journal (Nov 12, 2014), “Improprieties in the $5.3-trillion-a-day foreign-exchange market have the potential to touch broad swaths of the public. Every time companies or individuals do business in a foreign currency, they are subject to the whims of a market that regulators said has been rife with misconduct by a group of bank traders.”

Here are the banks and the fines levied against each by the four regulating agencies:

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During the very time that these six banks had been rigging FOREX benchmarks (2008-2013), they had also been receiving essentially free liquidity via the Fed Discount Window, as well as billions of dollars in bailouts and emergency loans through the various credit facilities created by Federal Reserve.

Ultimately, these free-money rescue operations are extracted from the hides of U.S. taxpayers, and foreign countries whose currencies are pegged to the Dollar, through an insidious Dollar debasement effect.

The six major banks received billions through the various lending facilities created by the Federal Reserve (dollar figures identify Peak Amount of Debt extended by the Fed for a given date):
Citigroup    $99.5B on 1/20/2009
JP Morgan $68.6B on 10/1/2008
UBS             $77.2B on 11/28/2008
RBS            $84.5B on 10/10/2008
HSBC          $  3.7B on 3/12/2009
Bank of America $91.4B on 2/26/2009

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Six major banks that rigged FOREX ‘fixes,’ received billions of dollars in Fed (indirect U.S. taxpayer) bailouts – to help them regain solvency and financial “health.”.

U.S. citizens deserve nothing less than the same direct access to their own money – in the form of Federal Reserve – U.S. Treasury Department liquidity extensions – to help American families regain their own financial “health.”.

The conduit: a U.S. Citizens’ Credit Facility.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (44906 downloads )

A look back…

The Leviticus 25 Plan is based upon the presumption that U.S. citizens deserve nothing less than to be granted the same access to liquidity that the Federal Reserve so generously provided to the Wall Street financial sector during the Global Financial Crisis (2007-2012).

Take HSBC, for instance. This U.K. banking titan (formerly the Hong Kong Shanghai Banking Corp) and current Fed-approved Primary Dealer, had purchased billions of dollars in credit default swaps from AIG by the fall of 2008 – not bothering to employ any serious risk assessment on the creditworthiness of AIG Financial Products and the reserves behind their potential CDS obligations.

The housing bubble popped that fall and AIG went into financial meltdown as their counterparties (HSBC and numerous other multinational banking concerns) sought to collect on the supposedly gold-plated AIG-backed hedges. .

The U.S. government immediately stepped in to fully fund (100 cents on the dollar) a $90 billion payout (“collateral postings”) to the major AIG counterparties involved.

HSBC Holdings received a pass-through payment, courtesy of U.S. taxpayers, of $3.5 billion.

For at least a half-decade prior to their $3.5 billion rescue package, HSBC had also been running “the largest drug-and-terrorism money laundering case ever”uncovered by the Justice Department.Their penalty – a slap on the wrist.  

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REUTERS: HSBC among banks that received AIG payouts (03-16 12:59)
American International Group has disclosed that US and European banks such as HSBC have been among the biggest beneficiaries of the up to US$180 billion (HK$1.4 trillion) taxpayer bailout of the insurer.

AIG disclosed that more than US$90 billion has been paid to banks through collateral postings under credit default swaps, payments to CDS counterparties and payments to securities lending counterparties from September 16 to the end of December. Based on data provided by AIG, the largest recipients of funds were:

Goldman Sachs Group US$$12.9 billion
Societe Generale US$11.9 billion
Deutsche Bank US$11.8 billion
Barclays US$8.5 billion
Merrill Lynch US$6.8 billion
Bank of America Corp US$5.2 billion
UBS US$5 billion
BNP Paribas US$4.9 billion
HSBC Holdings US$3.5 billion
Dresdner US$2.6 billion

REUTERS  http://www.thestandard.com.hk/breaking_news_detail.asp?id=13217

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(Excerpts from Rolling Stone)

TOO BIG to JAIL –  by Matt Taibbi | February 14, 2013 8:00 AM ET

The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks’ profit – but they didn’t extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.  

For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico’s Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – people so totally evil, jokes former New York Attorney General Eliot Spitzer, that “they make the guys on Wall Street look good.”  The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash.

“They violated every [sic] law in the book,” says Jack Blum, an attorney and former Senate investigator who headed a major bribery investigation against Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices Act. “They took every imaginable form of illegal and illicit business.”

In April 2003, with 9/11 still fresh in the minds of American regulators, the Federal Reserve sent HSBC’s American subsidiary a cease-and-desist­ letter, ordering it to clean up its act and make a better effort to keep criminals and terrorists from opening accounts at its bank. One of the bank’s bigger customers, for instance, was Saudi Arabia’s Al Rajhi bank, which had been linked by the CIA and other government agencies to terrorism.

According to a document cited in a Senate report, one of the bank’s founders, Sulaiman bin Abdul Aziz Al Rajhi, was among 20 early financiers of Al Qaeda, a member of what Osama bin Laden himself apparently called the “Golden Chain.” In 2003, the CIA wrote a confidential report about the bank, describing Al Rajhi as a “conduit for extremist finance.” In the report, details of which leaked to the public by 2007, the agency noted that Sulaiman Al Rajhi consciously worked to help Islamic “charities” hide their true nature, ordering the bank’s board to “explore financial instruments that would allow the bank’s charitable contributions to avoid official Saudi scrutiny.” (The bank has denied any role in financing extremists.)

For more than half a decade, a whopping $19 billion in transactions involving Iran went through the American financial system, with the Iranian connection kept hidden in 75 to 90 percent of those transactions. HSBC has been headquartered in England for more than two decades – it’s Europe’s largest bank, in fact – but it has major subsidiary operations in every corner of the world. What’s come out in this investigation is that the chiefs in the parent company often knew about shady transactions when the regional subsidiary did not. In the case of banned Iranian transactions, for instance, there are multiple e-mails from HSBC’s compliance head, David Bagley, in which he admits that HSBC’s American subsidiary probably has no clue that HSBC Europe has been sending it buttloads of banned Iranian money.

By that time, numerous agencies, including the Department of Homeland Security, had crawled all the way up HSBC’s backside, among other things examining it as part of a major international narcotics investigation. In one four-year period between 2006 and 2009, an astonishing $200 trillion in wire transfers (including from high-risk countries like Mexico) went through without any monitoring at all. The bank also failed to do due diligence on the purchase of an incredible $9 billion in physical U.S. dollars from Mexico and played a key role in the so-called Black Market Peso Exchange, which allowed drug cartels in both Mexico and Colombia to convert U.S. dollars from drug sales into pesos to be used back home. Drug agents discovered that dealers in Mexico were building special cash boxes to fit the precise dimensions of HSBC teller windows.        

Former bailout inspector and federal prosecutor Neil Barofsky, who has helped secure numerous foreign money-laundering indictments, points out that the people HSBC was doing business with, like Colombia’s Norte del Valle and Mexico’s Sinaloa cartels, were “the worst trafficking organizations imaginable” – groups that don’t just commit murder on a mass scale but are known for beheadings, torture videos (“the new thing now,” he says) and other atrocities, none of which happens without money launderers. It’s for this reason, Barofsky says, that drug prosecutors are not shy about dropping heavy prison sentences on launderers. “Frankly, our view of money-laundering was that it was on par with, and as significant as, the traffickers themselves,” he says.

Barofsky was involved in the first extradition of a Colombian national (Pablo Trujillo, a member of the same cartel that HSBC moved money for) on money­laundering charges. “That guy got 10 years,” says Barofsky. “HSBC was doing the same thing, only on a much larger scale than my schmuck was doing.”

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American citizens deserve nothing less than the very same direct liquidity extensions that major banking conglomerates were so generously accorded in their times of need, particularly those engaging in blatant criminal activity.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (30671 downloads )

It is time for Washington Republicans to unite behind the one big, beautiful economic plan:

1) Generate $37.303 billion federal budget surpluses (2027-2031); 2) Eliminate massive amounts of Household Debt and restore financial security for millions of hard-working, tax-paying American families; 3) Revitalize long-term economic growth in the U.S.; 4) Restore economic liberty and free market economics.

Washington Republicans right now have a golden opportunity to put and end once and for all to ‘continuing resolutions,’ and ‘raising the debt ceiling, budget wrangling and in-house ‘cat fights.’

It is time to unite behind the most powerful debt-eliminating economic plan in the world and get America back on track.

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Recent Headlines:

The Day After: Trump ‘Not Interested’ In Talking As Musk Continues To Make Case Against BBB – June 6, 2025

O’Leary: Chart On Exploding Deficits Is What Set Off Musk – June 7, 2025

_________________________________

The Leviticus 25 Plan economic scoring – first five years of activation (2027-2031):

The Leviticus 25 Plan will generate average annual budget surpluses of $37.303 billion vs current CBO-projected average annual deficits of $1.982 trillion for the same period.

This represents a monumental $2.019 trillion positive budget gain annually (2027-2031) for the U.S. federal budget.

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Scoring Update Summary:

The Leviticus 25 Plan budget surplus totals (2027-2031):

CBO projected deficit summary (2027-2031):$9.909 trillion

Recapture gains (2027-2031):
Federal Income Tax recapture benefit: $1.366 trillion
Safety Net Program recapture benefit: $3.224 trillion
Medicaid/CHIP $7,000 deductible recapture $2.335 trillion
Medicare $7,000 deductible recapture:$2.152 trillion
VA $7,000 deductible recapture:$257.6 billion
TRICARE $7,000 deductible recapture: $263.2 billion
FEHB $7,000 deductible recapture: $229.6 billion
SSDI recapture:$658.7 billion
Interest expense recapture: $128.817 billion

Totals – 2027-2031:
5-year projected deficit (CBO): $9.909 trillion
5-year projected recapture (subtotal): $10.486 trillion
5-year projected interest expense savings: $128.817 billion

Budget surplus (projected) 2027-2031 – before interest expense savings:
$10.486 trillion – $9.909 trillion = $57.7 billion

Budget surplus (projected) 2027-2031 – including interest expense savings:
$57.7 billion + $128.817 billion = $186.517 billion

Average annual budget surplus (projected) 2027-2031:
$186.517 billion / 5 years: $37.303 billion per year

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Summary Details:

* The Leviticus 25 Plan 2027 Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 1: Overview, Deficit Projections (CBO)

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 2: Federal Income Tax Recapture; Economic Security / Means-Tested Welfare Recapture.

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 3: Medicaid, Medicare, VA, TRICARE, FEHB, SSDI Recapture

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 4: Interest Expense Recapture

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 5: Economic Scoring – Summary Totals

Note 1: Projected budget surpluses for 2027-2031 do not factor in the additional government tax revenue gains that would accrue from the massive shift in capital away from debt service and into productive economic activity.
Note 2: Projected budget surpluses for 2027-2031 do not factor in the additional government tax revenue gains that would accrue from significantly lower levels of debt deductibility on individual income tax filings.
Note 3: Projected budget surpluses from the Medicaid / CHIP recapture do not take into account the likelihood of fewer citizens actually qualifying for Medicaid / CHIP benefits.
Note 4: Projected budget surpluses from Interest Expense Reductions during each of the first five years of activation (2027-2031) is likely understated due to the fact that ‘debt held by the public’ is projected to increase by 8.5% per year, from $28.278 trillion in 2026 to $40.198 trillion in 2030.
Note 5: The Plan’s funding of individual Medical Savings Accounts (MSAs) with the $7,000 deductible provision per year would result in an enormous drop in the number of claims each year for Medicare reimbursement. Medicare payroll taxes would generate a growing revenue stream, due to stronger economic growth, while outlays would drop significantly from the reduced claims numbers – thereby providing the Fed with a powerful tool to recapitalize the Medicare Trust Fund via the U.S. Citizen’s Credit Facility.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (30503 downloads )

President Donald Trump’s “Big, Beautiful Tax Bill” is creating rancor in the ranks – over its projected budget deficit increases, upwards of $2.4 trillion, above and beyond the massive deficits already baked into the system through 2035.

Note: The budget hawks are talking about increases to the projected deficits, which are (conservatively) expected to ramp up on their own to a jolly $21.785 trillion through 2035.

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Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’ – Rep Marjorie Taylor Greene admits she ‘would have voted NO’ on the One Big Beautiful Bill Act By Deirdre Heavey Fox News | Published June 5, 2025 11:47am EDT  Much of the discontent over the bill is rooted in Republicans’ reluctance to increase the U.S.’ national debt. The Congressional Budget Office (CBO) on Wednesday reported that the One Big Beautiful Bill Act will cut taxes by $3.7 trillion while raising deficits by $2.4 trillion over a decade. 

Meanwhile, the national debt rose to $36,215,207,426,690.65 as of June 4, according to the latest numbers published by the Treasury Department. That is up about $806 million from the figure reported the previous day.

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WSJ Politics | The Trump-Musk Relationship Ruptures in Real Time | 6-5-25

WSJ Politics | Musk Burns MAGA Bridges as Republicans Back Trump in Brawl | 6-5-25

WSJ | Trump Megabill Would Expand Deficits by $2.4 Trillion, CBO Estimates | 6-4-25

ZeroHedge | In Clawback For Ants, House Unveils Bill To Recover $9.4 Billion In Waste, Fraud And Abuse | 6-7-25

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Elon Musk and the Republican House and Senate budget hawks are not being forthright about the alternatives. Under the current Congressional Budget Office (CBO) 10-year deficit projections, without any of the Trump tax plan provisions, the federal government is on track to add $21.785 trillion in additional deficits for the years 2026-2035. All in all, these budget hawks are ‘quibbling’ about adding another $2.4 trillion on top of the $21.785 trillion – projected at the end of the Biden term.

Federal Budget Deficit Projections – Congressional Budget Office
The Budget and Economic Outlook: 2025-2035 projects budget deficits ranging from $1.713 trillion 2026 to $2.531 trillion by 2035. Actual deficits for the out years are likely to be higher than CBO projections, based upon history (“actual” versus “projected”).

Congressional Budget Office (CBO) Deficit Projections 2025-2035

CBO deficit projections for target period (2026-2035)
2026: $1.713 trillion
2027: $1.687 trillion
2028: $1.911 trillion
2029: $1.938 trillion
2030: $2.140 trillion
2031: $2.233 trillion
2032: $2.371 trillion
2033: $2.637 trillion
2034: $2.597 trillion
2035: $2.531 trillion
Total deficits projected 2026-2034: $21.758 trillion

Again, at the end of President Biden’s term in office the federal government was on track to add another $21.785 trillion to the national debt over the following 10 years. And what is worse, since the CBO employs a ‘rosy scenario’ economic forecast in its ‘static’ analysis projections, the ‘actual’ deficits will unquestionably be higher than the CBO ‘projected’ deficits.

The GAO has warned, “The federal government is on an unsustainable fiscal path that poses serious economic, security, and social challenges if not addressed.”

Neither the Trump “Big, Beautiful Tax Bill,” nor Elon Musk’s DOGE cuts, nor the House and Senate budget hawks’ alternative course will do anything to meaningful change the dynamic on America’s massive, snowballing debt load. Neither will do anything to effect wide-scale entitlement program reductions. Neither will do anything to broadly restore financial health to millions of working American families.

Fortunately for Washington Republicans, there is an economic acceleration plan which will cover President Trump’s goals and eliminate deficits.

The Main Street America Republican’s plan is the most powerful debt elimination / economic revitalization plan in the world will revitalize America’s economy, restore financial security for millions of U.S. citizens.

And it will do the very thing that President Trump, and Elon Musk, and all Republicans in the U.S. Congress are desperately seeking to do: Generate $36.568 billion budget surpluses in each of its first five years of activation (2026-2030).

The Leviticus 25 Plan is loaded up and ready to launch.

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 2026 (30323 downloads )