Governments love to ‘grow’ their social welfare entitlement programs. Europe is a prime example, and America is hot on their tail…

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WSJ: The Entitlements of U.S. Decline

Biden says his plans will make America great again. Ask Europe how that has turned out.

Oct 6, 2021 |  Excerpts:

… Europe’s little-discussed secret is that its cradle-to-grave welfare states are financed by the middle class via value-added and payroll taxes. The combined employer-employee social security tax rate is 36% in Spain, 40% in Italy and 65% in France. Value-added taxes in most European economies are around 20%. There simply aren’t enough rich to finance their entitlements.

Democrats in Washington know this, which is why they are resorting to budget gimmicks to disguise $5 trillion in spending into the 10-year budget window. They plan to pay for a few years of spending with 10 years of tax increases on businesses and affluent individuals, but this still only gets them $2.1 trillion in estimated new revenue.

Europe’s vast entitlements also mean less money for security and the military. Only nine or so European countries meet their NATO pledge to spend 2% or more of GDP on defense, and only Greece spends more than 3% as the U.S. does. Germany spends a paltry 1.56%.

The U.S. was able to defeat the Soviet empire in the 1980s because a booming economy spun off enough revenue to rebuild the military. Mr. Biden is proposing to shrink defense in real terms, and his welfare-spending wedge will grow rapidly. There will be no Reagan-like military buildup as China rises.

The irony is that some European governments have tried to reform their tax and welfare systems to become more competitive. Germany and Sweden over two decades reformed their welfare and labor policies. Their labor participation and GDP growth have exceeded the rest of Europe’s. Germany’s labor participation rose to 61.3% in 2019 from 58.1% in 2000.

During the 1970s and 80s, Sweden’s tax burden rose to the world’s highest as its welfare system became much more generous. The result: Swedes’ after-tax real incomes stagnated while government debt ballooned. From 1976 to 1995, GDP growth in Sweden was about half the average of developed countries and a third lower than Europe’s large economies.

Sweden’s decline prompted tax and spending reforms in the early 1990s that increased labor productivity, private job growth and incomes. The rate of disposable income growth increased four-fold from 1996 to 2011. Sweden’s average GDP growth from 2010 to 2019 (2.6%) has far surpassed that of most European countries.

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America’s current economic trajectory, according to the GAO, is “unsustainable.”

America needs a plan that will shrink the size of government, shrink entitlement spending, re-incentivize work and productivity, eliminate ground-level debt, generate annual state and federal budget surpluses, and restore financial security for hard-working, tax-paying, God-fearing American families.

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 2022 (3873 downloads)

Our Washington politicians are ‘blowing up’ federal budget deficits – to the ultimate detriment of economic liberty in America and the ultimate impairment of economic growth and prosperity.

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A Jerry-Rigged Budget ‘Framework’ – WSJ

Oct. 28, 2021 – Excerpts:

… The jerry-rigged [$1.75 trillion budget] plan is an enormous expansion of government with quarter-baked entitlement programs that will retard work and $1.85 trillion in tax increases that will distort and limit investment. The $1.75 trillion cost that Democrats have assigned their bill is an illusion. They use phony accounting to finance a few years of new spending with 10 years of tax increases.

For example, the plan extends the $3,600 child tax credit for one year at a cost of $110 billion. But Democrats will inevitably extend the credit next year. If Republicans oppose this or try to scale the credit back, they will be attacked for raising taxes on middle-class families. The true 10-year cost is about $1.1 trillion.

The agreement drops the House’s proposed Medicare vision and dental expansion. But it preserves a new hearing benefit, which the White House claims will cost a mere $34 billion and start in 2024. The annual cost of the hearing benefit once fully phased-in is some $16 billion. Congress will invariably make it permanent. True cost: $160 billion. 

Democrats also plan to extend ObamaCare subsidies through 2025 for higher earners and broaden them to low-income folks in states that rejected the Medicaid expansion. The White House says this will cost $130 billion, but the Congressional Budget Office has estimated that providing coverage to these folks would cost north of $500 billion over a decade.

These programs are merely illustrative of how Democrats are desperately trying to squeeze a menagerie of spending into their negotiated $1.75 trillion top-line cost, with the real cost likely to be closer to $4 trillion.

At the same time Democrats are inflating the revenue estimates to pay for it. They claim $145 billion in phantom savings from repealing a controversial Trump Medicare drug rebate rule that was unlikely to take effect.

They also claim $400 billion in revenues from $80 billion in IRS “investments”—a 66% budget increase—including to hire more auditors to harass taxpayers. CBO has estimated this would only yield $200 billion in revenue for a net $120 billion.

The $1.85 trillion in tax increases include a 15% minimum tax on book income of large corporations, which will become Swiss cheese after Democrats add carve-outs for progressive interests. Corporations will also be taxed 1% on stock buybacks (which is another way of taxing shareholder dividends). Instead of buying back their shares, companies may hold more earnings in cash or channel them into unproductive investments.

Despite its anti-corporate advertising, the bill represents the biggest expansion of corporate welfare in history. Much of the $555 billion for climate spending will go to businesses for investing in renewables, nuclear, hydrogen, carbon capture, electric vehicles, batteries and transmission lines. This is on top of tens of billions in green-energy handouts in the Senate infrastructure bill.

And don’t believe Mr. Biden’s malarkey that taxes won’t go up for non-millionaires. Small business owners will get slammed by a 3.8% Medicare surcharge on active-investment income. A 5% surtax on income over $10 million and 8% above $25 million will hit the ephemeral rich who experience a windfall, say, after cashing in stock compensation after decades of work.

These surtaxes will raise the top marginal personal income tax rate to 45% or so and around 60% in New York and California, which would be higher than in European welfare states. The top rate in the U.K. is 45%, Italy 47.2%, Germany 47.5% and France is 55.4%. Congrats, Mr. President, you’ve won the tax race to the top.

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Washington politicians have a one-track mind to ‘grow government.’

Washington-based Democrats (high-intensity), Washington-based Republicans (medium-intensity).

America’s hard-working, tax-paying, God-fearing citizens now have a plan to shrink government, and return to a citizen-driven free-market economy and a citizen-centered healthcare system.

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 2022 (3867 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;

Clearly, America needs a dynamic new economic acceleration plan that will get us back on a ‘sustainable fiscal path.’ There is just such a plan, loaded up and ready to launch….

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 The Federal Government Is on an Unsustainable Fiscal Path

U.S. Government Accountability Office (GAO) WatchBlog | March 12, 2020

Excerpts:

Growing debt is not just a number—it represents a threat to our economy and our ability to meet national needs and priorities.

The federal deficit (the amount of money spent vs. the amount collected) increased for the fourth consecutive year. This year—and for the foreseeable future—the annual deficit is expected to top $1 trillion. At the same time, the federal government is highly leveraged by debt, which further strains the nation’s fiscal condition. 

By the Numbers: A Trillion Dollar World

• Debt held by the public increased to $16.8 trillion in FY 2019 (or 79% of GDP)—up from $15.8 trillion (or 77% of GDP) at the end of FY 2018. This means that the value of debt was equal to 79% of the value of all goods and services produced in the U.S. in FY 2019. Long-term projections show continuing increases with debt held by the public growing faster than the economy.  This situation—in which debt grows faster than GDP—means the current federal path is unsustainable.  To change course, the nation will have to balance short-term priorities with a forward-looking plan for fiscal sustainability
• To put these numbers in perspective, debt held by the public as a share of GDP peaked at 106% just after World War II (in 1946) and has averaged 46% since. However, if current trends continue, the debt as a share of GDP in 2050 will be nearly twice that level and about 4 times the post-World War II average.
• Social Security spending already exceeds $1 trillion per year;  Medicare spending is expected to exceed $1 trillion per year by 2026. By 2032, net interest will exceed $1 trillion per year.
• Over the past 50 years, net interest costs have averaged 2% of GDP, but they  are projected to increase to 7.2% of GDP by 2049.

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The Leviticus 25 Plan is the most powerful economic acceleration plan in the world.

The broad, sweeping reductions in government outlays (federal, state, local) and massive new tax revenue streams will generate, conservatively, federal budget surpluses of $383 billion per year over each of its first five years of activation.

It will pay for itself entirely over a 10-15 year period.

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 2022 (3863 downloads)

The Council on Foreign Relations, founded in 1921, is a non-profit American organization, populated with senior government figures and politicians, bankers, lawyers, intelligence officers, and other from the elite class.  With offices in New York and Washington, D.C., it is viewed as the nation’s “most influential foreign-policy think tank.”

They were certainly headed in the right direction with this 2014 proposition…

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Seeking Alpha / Sep 2, 2014  5:55 AM ET – Excerpts

When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.

The September/October issue of Foreign Affairs features an article by Mark Blyth and Eric Lonergan titled “Print Less But Transfer More: Why Central Banks Should Give Money Directly To The People.” It’s the sort of thing normally heard only from money reformers and Social Credit enthusiasts far from the mainstream. What’s going on?

The Fed, it seems, has finally run out of other ammo. It has to taper its quantitative easing program, which is eating up the Treasuries and mortgage-backed securities needed as collateral for the repo market that is the engine of the bankers’ shell game. The Fed’s Zero Interest Rate Policy (ZIRP) has also done serious collateral damage. The banks that get the money just put it in interest-bearing Federal Reserve accounts or buy foreign debt or speculate with it; and the profits go back to the 1%, who park it offshore to avoid taxes. Worse, any increase in the money supply from increased borrowing increases the overall debt burden and compounding finance costs, which are already a major constraint on economic growth.

Meanwhile, the economy continues to teeter on the edge of collapse….

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The Council on Foreign Relations (CFR) is generally on the right track. Their proposal, however does nothing to effect massive debt elimination, re-balance government budget deficits, or restore economic liberty in America. It does nothing to free people from the heavy hand of government, controlling and restricting them in the management of their daily affairs.

The Leviticus 25 Plan does restore economic liberty in America, and it frees people from oppressive government programs that actually keep them in poverty and servitude.

The Leviticus 25 Plan would effect wide-scale debt elimination at the family level, thereby helping to insulate millions of Americans from potentially devastating effects of another severe economic contraction.

The Plan would eliminate massive government restrictions and control over healthcare, and replace it with individual control  and consumer choice in healthcare access.

The Leviticus 25 Plan would balance the federal budget – immediately in Year One.

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 2022 (3852 downloads)

“You never change things by fighting against the existing reality. To change something, build a new model that makes the old model obsolete.”  – Buckminster Fuller

It is time for a new qualitatively new economic model: The Leviticus 25 Plan

Jeroen Dijsselbloem has been a major player in European financial circles.  A Dutch politician, Dijsselbloem became President of the Eurogroup, comprised of the finance ministers of the Eurozone, in January 2013 and served in that capacity until just recently.He offered a frank admission just last month about the naked, taxpayer-financed bailout of major banks.

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Dijsselbloem Admits “We Used Taxpayers’ Money To Bailout The Banks”

ZeroHedge, Nov 10, 2017:  Excerpts:

“We had a banking crisis, a fiscal crisis and we spent lot of the tax-payers’ money – in the wrong way, in my opinion – to save the banks” outgoing Eurogroup head Jeroen Dijsselbloem said adding “so that the people criticizing us and saying that everything was being done for the benefit of the banks were to some extent right.”

“This is valid for the banks of all our countries. Everywhere in Europe banks were saved at taxpayers’ cost,” he underlined.

“This was the reason for banking union and the introduction of higher standards, better supervision and a reform and rescue framework when banks have losses,” he said stressing  “precisely so that we don’t find ourselves in that situation again.”

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Again…:  “This is valid for the banks of all our countries. Everywhere in Europe banks were saved at taxpayers’ cost.”

Exactly the same in the U.S.

Fine. The Fed did what it had to do.

Now it is time to level the playing field by granting U.S. citizens the same direct access to liquidity that was provided to Wall Street’s financial sector.

If taxpayer money can be used to bailout the very institutions which precipitated the financial crisis, then taxpayer money can be used to restore the financial health of the taxpayers.

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

$90,00 per U.S. citizen – Leviticus 25 Plan 2022 (3837 downloads)

WSJ Letters: Who You Gonna Believe on Monetary Policy?

Judy Shelton on the Fed, inflation and fiscal policy.

June 24, 2021

Who’s in charge of inflation these days? Or perhaps better stated: Who’s to blame? When Congress engages in deficit spending, it must issue debt to cover the difference between federal budget revenues and expenditures. When the Federal Reserve purchases that Treasury debt, it creates new money to pay for it—and the Fed created trillions in new money during Covid by crediting depository accounts of banks.

Now that Covid seems to be receding as an economic threat, what happens to all that potential purchasing power? Who is overseeing monetary policy to ensure that inflation doesn’t undermine economic recovery? Joseph C. Sternberg poses the question: “Is There a Central Banker in the House?” (Political Economics, June 18) and wonders why, with inflation exceeding the Fed’s predictions, Fed Chairman Jerome Powell plays down the risk in his public comments. Delivering price stability is part of the U.S. central bank’s mandate from Congress, after all, yet the Fed remains in “accommodative” monetary mode.

It’s time to confront both the fiscal and monetary aspects of inflation: Government policies that cause prices to rise without expanding productive economic output amount to an expropriation of wealth—one that hurts the poor the most.

The latest “forward guidance” from Mr. Powell may assuage the fears of market investors who don’t want to see any reduction in the Fed’s monthly bond purchases. But it’s a different story for those struggling to pay rising bills—for groceries, gas, furniture and rent. “Who you gonna believe,” goes the famous line from the Marx Brothers’ “Duck Soup,” “me or your own eyes?”

Judy Shelton

Fredericksburg, Va.

Ms. Shelton, a senior fellow at the Independent Institute, was nominated to the Federal Reserve Board of Governors in 2020.

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The Leviticus 25 Plan is a perfect counter-plan to “expand productive economic output” without expropriating wealth.

It will revitalize productivity and economic growth, restore financial health to millions of American families, stabilize the U.S. Dollar for long-term strength and viability, generate $383 billion federal budget surpluses and price stability in the U.S. economic system.

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 2022 (3832 downloads)

Global Central Banks are all ‘mushrooming’ their balance sheets up to unheard of levels to try to keep their respective economies from sinking deeper into the global ‘debt bog.’

And they are losing the battle. Global Debt is exploding, and economies are stagnating.

Here in the U.S., the Federal government is on a colossal spending spree, adding hundreds of billions of dollars to already-bursting entitlement programs (rent relief benefits, 25% food stamp enhancement, covering for student loans in default, expanding medicaid, broadening eligibility for Medicare benefits, billions of dollars for ‘free’ Covid immunizations), and things like….

The White House Budget (newly released details):

Your Tax Dollars At Work

Aug 5, 2021:  A few quotes about taxpayer money spent on useless climate studies from a fascinating site called Open The Book

Quote The Third—White House Pluted Bloatocrats

Today, on July 1st, the Biden administration released the annual Report to Congress on White House Office Personnel. President Biden hired czars, expensive “fellows,” “assistants,” and spent on a much larger First Lady (FLOTUS) staff.

The payroll report included the name, status, salary and position title of all 567 White House employees costing taxpayers $49.6 million. (Search Biden’s White House payroll and Trump’s four years posted at OpenTheBooks.com.)

Since January, the Biden administration has quickly staffed up. Here are some key findings from our auditors at OpenTheBooks.com:

• There are 190 more employees on White House staff under Biden than under Trump (377) and 80 more than under Obama (487) at this point in their respective presidencies.

• $9.6 million increase in payroll spending vs. the Trump FY2017 payroll. In 2017, the Trump White House spent $40 million for 377 employees, while the Biden payroll amounts to $49.6 million for 567 employees. All spending amounts are inflation adjusted.

• Hires include 320 female staffers ($28.9 million salaries) vs. 240 male staffers ($20.8 million salaries). In terms of top staffers — Special Assistants — there are 52 female ($6.3 million salaries) vs. 10 males ($1.2 million).

• Currently, there are 12 staffers dedicated – at least in part – to Dr. Jill Biden vs. five staffers who served Melania Trump in her first year (FY2017).

• Counts of the “Assistants to the President” – the most trusted advisors to the president – are the same (22) in for the Biden administration and the Trump and Obama administrations. This year, these advisors make $180,000. 

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Meanwhile, over at the Fed…

The Federal Reserve Holds More Treasury Notes and Bonds than Ever Before

Peter G. Peterson Foundation –  July 28, 2021: https://www.pgpf.org/blog/2021/07/the-federal-reserve-holds-more-treasury-notes-and-bonds-than-ever-before

The U.S. Federal Reserve has significantly ramped up its holdings of Treasury securities as part of a broader effort to counteract the economic impact of the coronavirus (COVID-19) pandemic. Currently, the Federal Reserve holds more Treasury notes and bonds than ever before.

As of July 14, 2021, the Federal Reserve has a portfolio totaling $8.3 trillion in assets, an increase of about $3.6 trillion since March 18, 2020. Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise nearly two-thirds of that expansion, with holdings of those two types of securities doubling from $2.2 trillion on March 18, 2020, to $4.5 trillion on July 14, 2021.

By comparison, the Federal Reserve only increased its holdings of Treasury notes and bonds by $116 billion, or roughly 25 percent, between December 5, 2007 and June 24, 2009 (a period known as the Great Recession). Over that same period, the Federal Reserve expanded its total portfolio from $920 billion in December 2007 to $2.1 trillion in June 2009, a total increase of $1.2 trillion. Much of that increase stemmed from the purchase of mortgage-backed securities and the implementation of new programs to address the economic slowdown.

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There is a dynamic economic acceleration plan, loaded up and ready to go, with the raw power to rescue America and restore economic liberty for 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 2022 (3823 downloads)

The Fed may ‘talk’ about tapering and rate normalization, but there can be very little question that there will be a long succession of geopolitical ‘events,’ liquidity crises, and stagflationary pressures of various sorts which will require Fed ‘intervention’ – in the form of ‘new money creation’ and balance sheet expansion.

The Fed, along with the European Central Band, Bank of Japan, Bank of England, Swiss National Bank, and the People’s Bank of China, are feeding the flames of septic ‘disorder’ in the Foreign Exchange (FOREX) markets – in the form of wild valuation fluctuations among the world’s major fiat currencies.

Thankfully, there is a way out of this toxic mess….

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Another Fed Balance Sheet Record; Where’s The Exit Door?

ZeroHedge, Jul 28, 2021 – Excerpts:

As of July 21, the Fed balance sheet stood at a record $8.24 trillion. In the previous week, the central bank expanded the balance sheet by $39 billion. In July alone, the Fed has added $162 billion to its balance sheet. The Fed can talk about tapering all it wants. The markets can expect the Fed to give up its “transitory inflation” narrative and turn to tightening all they want. But the reality is extraordinary monetary policy continues unabated.

And there’s no sign it will stop any time soon.

The Fed balance sheet has nearly doubled in just a little over one year. It stood at a mere $4.159 trillion on Feb 24, the cusp of the COVID-19 pandemic. The New York Fed projects the balance sheet will top $9 trillion before all is said and done. And I would call that projection very conservative.

In a note, Wells Fargo Institute head of global fixed income strategy Brian Rehling said even when tapering begins, it will take a long time for asset purchases to end.

While Fed tapering whispers may have started, we expect it to be long and drawn out. Once the Fed begins the tapering process, we anticipate it will be about one year before the Fed stops increasing the size of its balance sheet.”

And Rehling said he expects that even after the Fed finishes QE, the balance sheet will remain at its ending level – however high that may end up being – until at least 2025.

What happens when you pull out props? Things fall down. The moment the Fed announces substantive monetary tightening, the stock market will tank and corporate earnings will sag. We’ve seen this song and dance before.

The Fed balance grew from $898.6 billion in August 2008 to a peak of just over $4.5 trillion in Jan. 2015. The Fed didn’t get around to significantly shrinking the balance sheet until 2018. The central bankers claimed balance sheet reduction was on autopilot, but that didn’t last long. The balance sheet dipped to $3.76 trillion in late August of 2019. From there it took an upward trajectory. Although they didn’t call it quantitative easing, the Fed had already pivoted back to QE in 2019, long before coronavirus reared its ugly head. In the fall of that year, the stock market tanked. The over-indebted economy couldn’t even handle a modest move toward monetary policy normalization. Once the stock market threw its taper-tantrum, the Fed pivoted back toward loose monetary policy.

Since the onset of the pandemic, the Federal Reserve balance sheet has grown nearly twice as large as it was at its peak in the wake of the Great Recession. Debt has skyrocketed. The US government alone added more than $4 trillion to its debt-load over the last year and a half.

If history provides any indication, the notion of a serious pivot to monetary policy normalization is nothing but a fantasy.

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“Fantasy” becomes reality with the most powerful economic acceleration plan in the world.

The Leviticus 25 Plan will eliminate massive amounts of ‘ground level’ debt – which is the pivotal factor in getting America back on track for long-term economic growth and financial stability.

The Leviticus 25 Plan will reduce dependence on government and sharply reverse the growth of America’s socialist entitlement programs.

The Leviticus 25 Plan will generate massive tax revenue growth and produce $383 billion government surpluses in each of its first five years of activation.

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 2022 (3809 downloads)