The Fed and U.S. Treasury Department dealt out massive debt relief benefits and credit guarantees to major U.S. and foreign banks during the great financial crisis (2008-2010) and the Covid-19 crisis (2020-2021).

It is now time to deal out major mortgage debt relief for 50 million American families.

The Leviticus 25 Plan: Millions of debt-burdened mortgage holders will experience immediate debt relief. Delinquent loans will become instantly current. Financial health restored restored across Main Street America.

Lending institutions will instantly become cash-rich competitive bidders on treasury debt, municipal debt, consumer debt, and small business loans.

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Mortgage Debt Lifetime Interest: A study by CNBC found that someone purchasing a median-priced home with a typical 20% down payment could owe $142,614.31 in interest over the life of their 30-year mortgage. 

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Mortgage balances shown on consumer credit reports grew by $199 billion during the first quarter of 2025 and totaled $12.80 trillion at the end of March. (The change between 2024Q4 and 2025Q1 was elevated because of a gap in reporting mortgage balances in 2024Q4.) Balances on home equity lines of credit (HELOC) rose by $6 billion, the twelfth consecutive quarterly increase. There is now $402 billion in outstanding HELOC balances, $85 billion above the low reached in the first quarter of 2022.

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Source: National Mortgage Database (NMDB)

Total mortgage loan value in the USA: There are currently 51.1 million outstanding mortgages with a loan value of $12.80 trillion dollars.

Average interest rate on all outstanding residential mortgages: The average interest rate on all outstanding residential mortgages in the USA is 4.2% as of Q3 2024. This average is based on the contract interest rate at origination of the loan. Of these loans 2.3% are mortgages with adjustable rates which would be impacted by changes in interest rates.

Average monthly payment on all outstanding residential mortgages: The average monthly payment is $1,869 which is a combination of the average principal, interest, and escrow (where applicable). When looking at mortgage data the average tends to be skewed by expensive homes. Therefore, it is important to also consider the median monthly payment which is $1,606 as of Q3 2024.

Average age of outstanding loans: All of the outstanding loans in the USA have an average loan age of 72 months or 6 years. This is the average number of months since the loans origination. The average mark-to-market ltv of outstanding mortgages in the USA is 46.60%. This is the ratio of unpaid principal to the current property value. This means that the average home has 53.40% equity in the home from both payments of principal and increases in property value.

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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 (32415 downloads )

Vast numbers of Americans, buried under stifling credit card debt loads, are facing rising credit card balances and high interest rates:

• Total debt: Americans owed a record $1.21 trillion on their credit cards as of February 2025.
• Average household debt: The average household carries about $8,940 in credit card debt as of early 2025.
• Average individual debt: Among cardholders with unpaid balances, the average debt was $7,321 in Q1 2025, according to LendingTree.
• People aged 50-59 have the most credit card debt in total at $0.21 trillion,

Americans shelled out a hefty $163.89 billion in credit card interest and fees in 2022 when interest rates were far lower. Current estimates put that figure up at a shocking $180 billion annually.

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Average Credit Card Interest Rate in America Today – LendingTree, June 5, 2025

Excerpt: The average credit card interest rate in America is 24.33%, the highest since December, after a third straight monthly increase.

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The Federal Reserve and U.S. Treasury Department unleashed massive liquidity flows and credit guarantees to Wall Street banks and insurers during the great financial crisis (2008-2010) to help restore them to ‘financial health.’

The beneficiaries: Morgan Stanley, Bank of America, CitiGroup, Goldman Sachs, AIG, JP Morgan, Merrill Lynch, Wells Fargo, State Street, UBS, Barclays, Deutsche Bank, Royal Bank of Scotland, BNP Paribas, and others..

It is now time to restore U.S. citizen families to positions of ‘financial health’ with the same direct liquidity extensions that were extended to Wall Street heavyweights.

The Leviticus 25 Plan will eliminate massive amounts of Credit Card Debt, Mortgage Debt, Student Loan Debt, Consumer Installment Debt.

It will lift millions of Americans up out of poverty and massively reduce entitlement spending.

The Leviticus 25 Plan will generate $36.568 billion federal budget surpluses each of its first five years of activation (2026-2030), and help get state and local budgets back into balance all across the U.S..

The most powerful economic acceleration plan in the world. 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 (32387 downloads )

There is precisely one economic acceleration plan in the world with the raw power to eliminate America’s colossal public and private load – and get the country back on track for long-term economic growth and fiscal solvency. The Leviticus 25 Plan.

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Stockman: Washington’s Fiscal Doomsday

Authored by David Stockman via The Brownstone Institute, Wednesday, June 24, 2025

Excerpt:

If you don’t think Washington is in the maws of a Fiscal Doomsday Machine, think again. And the place to start is with the 30-year CBO projections, expressed as the dollar increase from the current $29 trillion level of publicly held US Treasury debt.

If Washington does nothing except leave current tax, spending, and structural deficit policies in place (i.e. baseline policy), the publicly-held debt will grow by $102 trillion over the next three decades, reaching a staggering 154% of what would be $85 trillion of GDP by 2054.

Moreover, that outcome assumes that [the CBO) Rosy Scenario does not lose her footing for even a moment through the middle of the century. Stated differently, the underlying CBO projections presume that there will be no recession during the 34-year span from 2020 to 2054, and that, in fact, there will be perpetual full employment at about 4% from here on out.

Of course, during the last 30 years there have been three recessions (shaded area) and no such full-employment perfection was even remotely achieved. The short spells of 4% unemployment or under, in fact, were few and far between—in stark contrast to the CBO baseline which presumes 4% unemployment year after year until 2054.

Monthly Unemployment Rate, 1994 to 2024

The CBO projections also assume that inflation stays strictly in its Fed-prescribed lane at around 2.0% for the next 30 years, as well. That hasn’t remotely happened during the last 30 years, when the inflation rate has exceeded the 2.0% mark during 17 years, and frequently by substantial amounts.

Y/Y Change In CPI 1994 to 2024

Likewise, it assumes that the bond pits will have no problem funding more than $100 trillion of new Treasury debt at yields which average just 3.6% over the next 30 years. Of course, the actual weighted average yield in the Treasury market today stands at 4.2% and the fulcrum 10-year note has been cycling around 4.4%, albeit at this point the prospective debt inundation is just getting started.

Again, judging by the last 30 years of history, the odds that interest rates will be pushed down into the mid-3% range and remain there for 30 years running would not seem very compelling, either.

Indeed, during the past 30-year period shown in the graph below the bond pits had the Fed’s big wind at their back as the latter monetized upwards of $8.5 trillion of US Treasury and GSE paper by the 2022 peak. Even then, yields were well above the CBO 3.6% assumption half the time, and were pushed lower only by the massive money-printing spree between 2008 and 2022—a feat not likely to be repeatable again without fueling even more inflation and speculation than we already have.

Read full article: https://brownstone.org/articles/washingtons-fiscal-doomsday/

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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 (31409 downloads )