Labor Shortages – Recent BLS reports indicate that the 11.3 million job opening in the U.S. is approximately 5 million more than the number of unemployed workers (~6 million).

Heritage Foundation, Feb 24, 2022: Evidence from past studies of welfare -without-work benefits find that they tend to reduce the supply of work, and a recent National Bureau of Economic Research study on the effects of the pandemic unemployment insurance benefits found that they significantly restricted employment.

One of the unintended consequences of social welfare benefits is that they disincentivize work.

The Leviticus 25 Plan avoids that consequence by not penalizing work, and by giving participating U.S. citizens a more powerful ‘boost’ up out of poverty than current anti-poverty programs are providing.

………………………………….

Education – Teacher Benefits

The Leviticus 25 Plan would extend direct liquidity benefits for millions of public and private school teachers across America, sufficient to eliminate vast amounts of mortgage and consumer debt balances – saving teachers and their families enormous amounts of debt service obligations each year.

Example: A participating family of four, receiving $240,000 ($60,000 per family member) in their Family Account and $120,000 ($30,000 per family member) in their Medical Savings Account) would be able to eliminate, or significantly reduce, a mortgage balance – which would then save them $700 – $1,000 per month in principal and interest payments…. for possibly the next 15-20 years, depending on the number of years to maturity.

And they might be able to pay off other forms of installment debt, saving hundreds of dollars per month.

Participating teachers’ families would also have significant additional funds available for primary health care needs.

The Leviticus 25 Plan would be far and away more effective at improving financial security for teachers than any tax-and-spend teacher pay mandates imposed by government.

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Education – Student Loans

Wall Street Journal, Apr 6, 2022: “The Committee for a Responsible Federal Budget (CRFB) estimates the loan pause [college loan forbearance] has cost taxpayers more than $100 billion, and the latest four-month extension will add another $15 billion to $20 billion.”

The Leviticus 25 Plan, with each participating college student receiving a deposit of $60,000 into a Family Account and $30,000 into a Medical Savings Account, offers benefits which are far superior to government ‘forbearance’ or ‘forgiveness’ programs – which apply only to government-backed student loans, not private loans.

1. Participating students would be able to pay off or significantly reduce loan balances of both government and private student loans

2. Students would also have additional available funds for primary health care needs.

3. Government-backed forbearance / forgiveness plans are unfair to all of the hundreds of thousands of students from the past who have worked hard and budgeted to pay off their student loans.

4. The Leviticus 25 Plan would eliminate U.S. taxpayer losses of hundreds of billions of dollars in forbearance costs and/or trillions of dollars in loan forgiveness.

____________________________________

The Leviticus 25 Plan grants U.S. citizens the same direct access to liquidity that was provided, courtesy of the Fed, to major Wall Street financial institutions like Moran Stanley, JP Morgan, Goldman Sachs, Bank of America, Citigroup, Wells Fargo, AIG, Merrill Lynch, State Street, Deutsche Bank, UBS AG, Barclays, BNP Paribas, Royal Bank of Scotland, and many others.

The Leviticus 25 Plan would conservatively generate a federal budget surplus of $583 billion per year for each of the first five years of activation (2023-2027) – and would pay for itself entirely over the following 10-15 years.

“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

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4051 downloads)

The Fed, over the course of the last 15 years, has spawned America’s current and enormous wealth disparity … in more direct ways than most people realize…

……………………………………………………..

Bailouts for Billionaires – Matt Taibbi, Sep 21, 2010 – Excerpts:

Warren Buffet and Berkshire-Hathaway made a $5 billion equity investment in Goldman Sachs at the height of the financial crisis. If Goldman doesn’t get $13 billion via the AIG bailout, that investment vanishes. If Goldman doesn’t get handed a federal bank charter overnight (allowing them to borrow huge amounts of cheap cash from the Fed) and doesn’t get a ban on short-selling and doesn’t get $10 billion from the TARP, again, B-H loses that $5 billion.

Moreover Berkshire-Hathaway is the largest shareholder in Wells Fargo, which got $25 billion from the TARP and also had government help in acquiring Wachovia in a shotgun wedding for $12.7 billion (W-F balked at buying Wachovia until it was given about $25 billion in tax breaks by the government).

So that’s just two of Berkshire-Hathaway’s biggest investments that collectively received at least $70 billion in government aid during the bailouts, by my count (this doesn’t even include the various Fed facilities and lesser-known bailout programs that  helped banks like Goldman and Wells-Fargo stay afloat)…..

[Note: Forbes Billionaires list: #5 Warren Buffet, $124.4 Billion]

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Barrons: BlackRock Is Biggest Beneficiary of Fed Purchases of Corporate Bond ETFs

By Leslie P. Norton | une 1, 2020 2:05 pm ET – Excerpts:

As the Federal Reserve began its historic purchases of corporate bonds exchange-traded funds, almost half of the Fed’s purchases went into BlackRock funds, according to ETFGI, an ETF research and consulting firm.

The Fed is not the first central bank to buy ETFs as part of a stimulus package, but it is buying both ETFs and corporate bonds for the first time in its 107-year history. The Bank of Japan has been buying equity ETFs since 2012 as part of quantitative easing, says Deborah Fuhr, managing partner of ETFGI.

Between May 12 and May 19, the Fed bought $1.58 billion in investment grade and high-yield ETFs with a current market value of $1.31 billion. Six were high-yield ETFs and 11 were investment grade. Some 83% of the purchase went into investment grade ETFs; the rest into high-yield ETFs.

BlackRock’s iShares has 38.1% of the exchange-traded product market; Vanguard has 26.5%, and State Street ’s SPDR ETFs has 16.5%, says ETFGI.

[Note: 2022 Forbes, Black Rock Chairman and CEO Larry Fink – net worth: $1 Billion]

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And then we have all of the CEOs, officers, board of directors members of the major Wall Street Banks that received hundreds of billions in bailout money and TARP funds during the 2007-2010 great financial crisis, the likes of: JPMorgan, Morgan Stanley, Citigroup, Bank of America, Goldman Sachs, Wells Fargo, State Street, Merrill Lynch, AIG… and foreign banks, including: Barclays, RBS, Deutsche Bank, BNP Paribas, UBS AG, and others..

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WOLFSTREET – The Major U.S. Wealth Gap:

“The Fed’s wealth distribution data divides the US population into four groups by wealth: The “Top 1%,” the “Next 9%” (2% to 10%),” the “next 40%,” and the “bottom 50%.” My Wealth Effect Monitor divides this data by the number of households in each category, to obtain the average wealth per household in each category. Note the immense increase in the wealth for the 1% households after the Fed’s money-printing scheme and interest rate repression started in March 2020″:

“As you can see from the steep curve of the red line, the “Top 1%” households were the primary beneficiaries of the Fed’s policies since March 2020. These policies were designed to inflate asset prices, and only asset holders benefited from that. The more assets they held, the more they benefited.”

_______________________________

The ‘Big Money’ flows freely to the ‘Big Players’ of the financial world when the Fed feels the need to ‘goose the economy.’ And the economy is no better for it. America is drowning in debt, U.S. Dollar stability is at risk, businesses are plagued by a skilled labor shortage, and the economy is now teetering on the edge of recession,

It is time for the Fed to ‘re-target’ its liquidity flows. It is time for U.S. citizens and their families to be granted the same direct access to Fed-generated liquidity extensions.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4048 downloads)

Democrats are out to win votes with plans to expand the Affordable Care Act, extend student loan forbearance, and… funnel $2.6 billion out through the foreign aid pipelines to fund global gender equity programs.

Republicans should have a counter-plan to set America back on track for massive deficit reductions, financial security for American families (independent of government programs), and wean people off entitlement programs — but they don’t.

The U.S. Congress has set America on track for an eventual U.S. Dollar collapse.

Here we go with the latest…

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Foreign Aid – Gender Equity

Biden Wants $2.6 Billion For Gender Equity Worldwide

ZeroHedge, Apr 5, 2022 | Authored by Adam Andrzejewski via RealClear Policy, – Excerpts:

On International Women’s Day, President Joe Biden announced that his FY 2023 budget will include $2.6 billion for foreign assistance programs to promote gender equity, more than double than what he set aside the previous year….

Last summer, our auditors at OpenTheBooks.com released a report showing that U.S. taxpayers already pay approximately $50 billion a year in foreign aid – an amount more than the federal money flowing to 48 out of 50 state governments.

Much of the new worldwide gender funding will likely go to individual missions and embassies in foreign countries, which will have broad discretion in the programs they choose to sponsor.

With few guidelines and little oversight, there’s no telling where these funds will end up.

The budget request will soon be sent to Congress, which ultimately decides what funding to approve, but the Democratic majority in the House of Representatives will likely try to incorporate the president’s priorities into its bill. It’s likely that $2.6 billion for gender equity for foreign assistance programs will make its way into the final bill.  

The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com.

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ACA Expansion

WSJ: Biden Proposes Change to Affordable Care Act to Extend Subsidies for Families. The change would close a gap that prevents some people with employer-based insurance from getting ACA subsidies

By Stephanie Armour and Andrew Restuccia | Updated Apr. 5, 2022 – Excerpts:

Some people unable to afford health insurance for their families would be able to get Affordable Care Act subsidies under a proposal by the Biden administration aimed at shoring up the Obama-era law.

The proposed change, which President Biden announced on Tuesday, would recalculate what is considered affordable for a family with employer-based health insurance.

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Student Loan Extensions

WSJ, Mar 18, 2022 – Here we go again. The March 2020 Cares Act provided a temporary pause on loan payments and interest accrual through September 2020. Presidents Trump and Biden used emergency executive power to extend the forbearance, which has cost taxpayers about $5 billion a month….

WSJ: Biden Administration to Extend Student-Loan Payment Pause Through End of August.

By Gabriel T. Rubin and Andrew Restuccia | Updated Apr. 5, 2022 – Excerpts:

WASHINGTON—The Biden administration is planning to extend until the end of August a pause on federal student-loan payments, according to people familiar with the matter.

Payments and interest accrual have been paused for borrowers with federal student loans since March 13, 2020, at the start of the pandemic. The pause is currently scheduled to expire on May 1, following a 90-day extension that was announced as cases of the Omicron variant of Covid-19 surged last December. Politico and The Hill earlier reported the planned extension. About 40 million people owe around $1.6 trillion in federal student debt, a sum bigger than credit-card or auto debt. The pause on student-loan payments has lasted longer than most other economic relief measures instituted in the early days of the pandemic by Congress and the White House, such as a ban on evictions and enhanced unemployment benefits, both of which expired last year….

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Washington Republicans don’t have a plan, or a clue, about how to clean up America’s debt monstrosity, or how to properly reinvigorate the U.S. economy, or how to restore financial security (independent of government programs) for millions of families, or recreate a citizen-centered health care system, or set the U.S. Dollar back on track for long-term stability.

America’s hard-working, tax-paying, God-fearing Republicans, the back-bone of our country, do have a plan.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4047 downloads)

Four key points:

1. The global financial system is careening toward a centralized digital currency system. It is beginning now with the world’s major central banks (U.S. Federal Reserve, European Central Bank, Bank of England, Bank of Japan, Bank of Canada, Swiss National Bank, along with individual countries, developing/implementing digital currencies.

2. The enormous debt loads amassed by the U.S., Europe, Japan, China will inevitably lead into periods of paper (fiat) currency instability and potentially credit market disorder. America’s national debt is listed today as $20.348 trillion (125.6% debt to GDP ratio). The true debt, also known as the fiscal gap, or the net present value of unfunded liabilities (NPV), is believed to be over $180 trillion.

The Federal Reserve, for one, will then have an open door to ‘rescue’ the U.S. financial system by offering citizens a conversion opportunity – out of paper Dollars, and into a new Federal Reserve-based digital currency (possibly termed, ‘Stable Coin’).

These initial Central Bank implementations will eventually be followed by a natural and unavoidable migration onto a global platform as a necessary standard for engaging in international trade.

3. Anyone who believes that President Biden is the author/originator of this Executive Order (EO) below is giving him far too much credit. There is clearly a globalist-minded cabal, behind the scenes, pulling all the levers and pushing all of the right buttons to coordinate the flow of these events.

4. There is nobody in the U.S. Congress offering forth a legitimate plan to deleverage America’s enormous debt load – which would have the tremendously beneficial effect of stabilizing the U.S. Dollar, recharging the U.S.economy, and providing a qualitatively new measure of financial security for millions of American families.

The Leviticus 25 Plan, the most powerful economic acceleration plan on the face of the earth, will deleverage America – and preserve our liberties.

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Fox Business:  Biden’s proposal for a new digital currency is an attack on liberty

A central bank digital currency would put even greater authority in the hands

By Justin Haskins FOXBusiness, March 26, 2022 – Excerpts:

While the world remains focused on the tragic situation in Ukraine, the Biden administration is preparing to launch America’s first government-backed digital currency. If a new digital dollar is rolled out, it could substantially reduce individual rights and give the Federal Reserve and the national government significantly more power over the U.S. economy.

On March 9, the White House released an executive order covering digital assets, including cryptocurrencies like Bitcoin. Under the far-reaching executive order, a long list of government agencies would develop plans for regulating, studying, and/or monitoring cryptocurrencies and the various exchanges where consumers buy, sell, and trade them.

The White House’s intrusion in the use of blockchain technology should be enough to worry advocates of free markets, but there’s an even more troubling part of Biden’s executive order: the potential development of an entirely new, digital currency.

The EO states the White House has placed “the highest urgency on research and development efforts into the potential design and deployment options” of a novel central bank digital currency (CBDC).

It further instructs numerous federal departments, including the Treasury Department, to work on the development of a “report on the future of money and payment systems, including the conditions that drive broad adoption of digital assets.”

The Treasury Department must submit the report within 180 days, about six months.

The White House is also asking the chairman of the Federal Reserve to “develop a strategic plan for Federal Reserve and broader United States Government action, as appropriate, that evaluates the necessary steps and requirements for the potential implementation and launch of a United States CBDC.” And within 210 days of the executive order, a CBDC “legislative proposal” must be presented to the president.

This is a truly remarkable and deeply troubling development.  If a CBDC were to be created, it would dramatically expand the power and influence of the federal government and Federal Reserve, in ways most Americans won’t understand until it’s too late to roll the CBDC back.

Unlike blockchain-based digital currencies such as Bitcoin, which are by design decentralized, a central bank digital currency would likely be programmable, meaning that it could be designed so that Americans could only use it for specific purposes. And it would be easy for banks and government agencies to track digital dollars and the people using them, unlike printed U.S. dollars available today.

Although some might be tempted to dismiss these fears as too far-fetched to be of serious concern for a country like the United States, there is strong evidence that the White House and Federal Reserve have already considered making a new digital dollar programmable, in line with their various social and economic goals

For instance, Biden’s executive order states that a CBDC should be designed to advance “financial inclusion and equity” and with “climate change and pollution” in mind.

A “fact sheet” released by the White House about the executive order also stated that its EO will “Promote Equitable Access to Safe and Affordable Financial Services” and that the government’s report about the development of a digital dollar must “include implications for economic growth” and “financial growth and inclusion.”

A senior administrative official also told reporters that the White House has and will continue to “partner with all stakeholders — including industry, labor, consumer, and environmental groups, international allies and partners” when developing plans for a central bank digital currency.

Why would unions, environmental groups, and business lobbyists be involved in the creation of a new currency, unless that currency is programmable?

A central bank digital currency could also transform America’s monetary system in important ways. Rather than use interest rates and complex monetary tools to help improve employment rates and keep inflation at target levels, a central bank digital currency could be created at will, with nothing more than a push of a button, and possibly even distributed directly to Americans—giving the Fed more control over the economy than ever before.

Perhaps most disconcerting of all is that a programmable central bank digital currency could be altered at any point in the future, giving it the potential to be politicized or to be subject to even greater restrictions.

The United States has become the world’s most successful society by empowering individuals and businesses, especially small businesses. A central bank digital currency would do just the opposite, putting even greater authority in the hands of a small number of banks, government officials, and bureaucrats. Biden’s plan for a central bank digital currency must be stopped.

Justin Haskins is the director of the Stopping Socialism Center at The Heartland Institute and the co-author, with Glenn Beck, of the forthcoming book, “The Great Reset: Joe Biden and the Rise of 21st Century Fascism.”

_______________________________

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4004 downloads)

WSJ: Debt and Inflation Threaten U.S. Security… Servicing costs could soon reach $1 trillion a year, which would crowd out spending on defense.

By Jeb Hensarling

The Wall Street Journal. Feb. 22, 2022 – Excerpts:

The national debt this month reached $30 trillion. Not only is this the largest debt in U.S. history in dollar terms, but the ratio of debt to gross domestic product is 119%—the largest it’s ever been. And things are only getting worse. The Congressional Budget Office predicts that the mammoth debt-to-GDP ratio will double over the next three decades. The Highway Trust Fund will likely become insolvent in 2027. Medicare Part A will run out of money in fiscal year 2026 and Social Security will go bust in fiscal 2033.

Now Americans are beginning to experience inflation, one of the primary costs of rapidly growing levels of national debt… To help finance $5.9 trillion of Covid relief, the Federal Reserve purchased Treasury debt from third parties, typically large banks known as primary dealers, and then with a few keystrokes the Fed simply created a new set of credits on its books for the sellers. Because of the additions of these credits, in two years the Fed’s balance sheet has doubled to almost $9 trillion, creating a risk of significant and sustained inflation.

Some policy makers and economists maintain that sustained harmful inflation can never happen here. They argue that because the dollar is the world’s reserve currency, investors will always want U.S. debt and the Treasury will always be able to roll that debt over as it matures. But “always” is a long time.

[snip]

Those who believe there can never be a debt crisis should look no further than the last financial crisis. For years, policy makers told us that Fannie Mae and Freddie Mac, the largest players in the housing market, would always remain solvent and strong. They were wrong. Fannie and Freddie failed, the housing market crashed, and the economy was brought to its knees. Fannie and Freddie weren’t problems until they were. Just as the national debt may never be a problem until it is.

We’ve had years of denial, delay and neglect in confronting the unsustainable national debt. Today’s high rate of inflation is simply a foreshadowing of what could come if the U.S. is forced to monetize the bulk of its national debt. Reduced economic growth, a diminished national defense, insolvent social safety-net programs and recession loom as well. The 9/11 Commission concluded the national security establishment suffered from a “failure of imagination.” Let’s hope the same doesn’t prove to be true when it comes to fiscal security.

Mr. Hensarling served as a U.S. representative from Texas (2003-19) and chairman of the House Financial Services Committee (2013-19).

__________________________________________

Mr. Hensarling – Meet the most powerful economic acceleration plan on the face of the earth….

The Leviticus 25 Plan will generate $583 billion federal budget surpluses for the initial 5 years of activation (2023-2027), and completely pay for itself over the next 10-15 years.

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 2023

Economic Scoring links:

·  The Leviticus 25 Plan 2023 – $583 billion Federal Budget Surpluses (2023-2027), Part 1: Overview, Deficit Projection

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 2: Federal Income Tax and Means-Tested Welfare Recapture Benefits.

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 3: Medicaid/CHIP and Medicare Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 4: VA, TRICARE, FEHB, SSDI Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 5: Subtotals, Interest Expense Savings, Summary

Full Plan: Leviticus 25 Plan 2023 (3958 downloads)  

__________________________________________ 

Preview 1:

The Leviticus 25 Plan provides a $90,000 credit extension, direct from the Federal Reserve, to every participating U.S. citizen:  $60,000 into a Family Account (FA) and $30,000 into a Medical Savings Account (MSA).

Example:  Qualifying family of four would receive $240,000 in their FA, and $120,000 in their MSA.

Primary goals:  Massive debt elimination at family level: mortgage debt, consumer debt, student loan debt.  Federal budget surpluses.

Eligibility:  U.S. Citizen.  Job history, credit history requirement (similar to traditional credit checks for bank loans).  Clean recent drug history.  Clean crime history.

Requirements:  Forego all federal and state tax refunds for 5-year period.

Forego selected means-tested welfare benefits – for minimum 5-year period.

Forego all income security program benefits – for minimum 5-year period.

Forego new federally-subsidized ‘Family Medical Leave’ benefits – for minimum 5-year period.

Forego Child Tax Credit benefits – for minimum 5-year period.

Forego enhanced federal rental forbearance/assistance – for minimum 5-year period.

Forego SSI and SSDI for minimum 5-year period.

New $6,000 deductible on primary care access to: Medicare, Medicaid, VA, TRICARE, FEHB – for minimum 5-year period.

The Plan assumes that the elite-wealthy will not participate, because their refunds are too valuable to give up over the requisite 5-year period.

The Plan also assumes that many who heavily depend on social welfare benefits will also choose not to participate, because the overriding value of those benefits, vs foregoing them, over the 5-year period.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4000 downloads)

March 22, 2022

U.S. Senate and U.S. House of Representatives, Washington, D.C.

Dear U.S Congress –

I am a life-long Republican – with concerns about the lack of any long-term strategy by Republican — to reverse the growth of government and intrusion into the daily affairs of hard-working, tax-paying U.S. citizens -and get America’s massive deficits back under control.

In that regard, I am writing to you today to update you on the ‘Main Street America Republican’ economic acceleration plan that will provide a dynamic ‘recharge’ to the U.S. economy and restore economic liberty in America – and a powerful leverage to reduce America’s debt and protect the long-term viability of the U.S. Dollar.

The Leviticus 25 Plan will generate $583 billion federal budget surpluses for the initial 5 years of activation (2023-2027), and completely pay for itself over the next 10-15 years.

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 2023

Economic Scoring links:

·  The Leviticus 25 Plan 2023 – $583 billion Federal Budget Surpluses (2023-2027), Part 1: Overview, Deficit Projection

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 2: Federal Income Tax and Means-Tested Welfare Recapture Benefits.

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 3: Medicaid/CHIP and Medicare Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 4: VA, TRICARE, FEHB, SSDI Recapture Benefits

·  The Leviticus 25 Plan 2023 – $583 Billion Federal Budget Surpluses Annually (2023-2027), Part 5: Subtotals, Interest Expense Savings, Summary

Full Plan: Leviticus 25 Plan 2023 (3958 downloads)  

Website:   https://Leviticus25Plan.org

__________________________________________ 

Preview 1:

The Leviticus 25 Plan provides a $90,000 credit extension, direct from the Federal Reserve, to every participating U.S. citizen:  $60,000 into a Family Account (FA) and $30,000 into a Medical Savings Account (MSA).

Example:  Qualifying family of four would receive $240,000 in their FA, and $120,000 in their MSA.

Primary goals:  Massive debt elimination at family level: mortgage debt, consumer debt, student loan debt.  Federal budget surpluses.

Eligibility:  U.S. Citizen.  Job history, credit history requirement (similar to traditional credit checks for bank loans).  Clean recent drug history.  Clean crime history.

Requirements:  Forego all federal and state tax refunds for 5-year period.

Forego selected means-tested welfare benefits – for minimum 5-year period.

Forego all income security program benefits – for minimum 5-year period.

Forego new federally-subsidized ‘Family Medical Leave’ benefits – for minimum 5-year period.

Forego Child Tax Credit benefits – for minimum 5-year period.

Forego enhanced federal rental forbearance/assistance – for minimum 5-year period.

Forego SSI and SSDI for minimum 5-year period.

New $6,000 deductible on primary care access to: Medicare, Medicaid, VA, TRICARE, FEHB – for minimum 5-year period.

The Plan assumes that the elite-wealthy will not participate, because their refunds are too valuable to give up over the requisite 5-year period.

The Plan also assumes that many who heavily depend on social welfare benefits will also choose not to participate, because the overriding value of those benefits, vs foregoing them, over the 5-year period.

Preview 2:

The Leviticus 25 Plan grants the same direct access to liquidity, through a Fed-based Citizens Credit Facility, similar to the credit facilities that were created by the Fed to transfuse trillions of dollars in direct transfers and credit extensions to Wall Street’s major banks, credit agencies and insurers during the great financial crisis. 

The following facilities were created and activated by the Fed for this massive Wall Street bail out operation: Term Auction Facility (TAF), Primary Dealer Credit Facility (PDCF), Term Securities Lending Facility (TSLF), currency swap agreements with several foreign central banks,  Commercial Paper Funding Facility (CPFF), Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), Money Market Investor Funding Facility (MMIFF), and the Term Asset-Backed Securities Loan Facility (TALF), and access to the Fed’s Discount Window.

Additional perspective:  SIGTARP, the oversight agency of the Troubled Asset Relief Program (TARP), in its July 2009 report, vetted by Treasury, noted that the U.S. Government’s “Total Potential Support Related to Crisis” (page 138) amounted to $23.7 trillion. While this figure represents a backstop commitment, not a measure of total potential loss, it is nonetheless an astounding degree of support, in the form of liquidity infusions, credit extensions and guarantees, various other forms of assistance for financial institutions and other business entities affected by the financial crisis.

Preview 3:

The Leviticus 25 Plan website has been accessed on one or more occasions by the following financial enterprises/agencies: 

JP Morgan

Goldman Sachs

Morgan Stanley

Bank of America

Citigroup

Wells Fargo

State Street

Merrill Lynch

AIG

Barclays Plc

Royal Bank of Scotland

Deutsche Bank

Société Générale S.A

UBS AG

Credit Suisse

BNP Paribas

The U.S. Department of Treasury

General Accountability Office (GAO)

The European Central Bank (ECB)

Bank of England (BOE)

Swiss National Bank (SNB)

Bank of Canada

Bank of Montreal

Bank for International Settlements (BIS)

………………………………………………………..

The General Accountability Office has stated that America’s ongoing debt crisis is unsustainable.

It is time for America to initiate a bold, new plan.

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

Sincerely,

Bernie Hendricks, Brookings, SD | Author, The Leviticus 25 Plan

F.A. Hayek is regarded by many as the greatest economist in the history of the Western world.  In his famous work, “The Road to Serfdom,” Hayek warned about the dangers of national centralization.

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F.A. Hayek On “The Great Utopia” | Zero Hedge                    

Excerpts:

The Great Utopia

There can be no doubt that most of those in the democracies who demand a central direction of all economic activity still believe that socialism and individual freedom can be combined. Yet socialism was early recognized by many thinkers as the gravest threat to freedom.

It is rarely remembered now that socialism in its beginnings was frankly authoritarian. It began quite openly as a reaction against the liberalism of the French Revolution. The French writers who laid its foundation had no doubt that their ideas could be put into practice only by a strong dictatorial government. The first of modern planners, Saint-Simon, predicted that those who did not obey his proposed planning boards would be “treated as cattle.”

Nobody saw more clearly than the great political thinker de Tocqueville that democracy stands in an irreconcilable conflict with socialism: “Democracy extends the sphere of individual freedom,” he said. “Democracy attaches all possible value to each man,” he said in 1848, “while socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.”

To allay these suspicions and to harness to its cart the strongest of all political motives—the craving for freedom — socialists began increasingly to make use of the promise of a “new freedom.” Socialism was to bring “economic freedom,” without which political freedom was “not worth having.”

[snip]

Individual freedom cannot be reconciled with the supremacy of one single purpose to which the whole of society is permanently subordinated. To a limited extent we ourselves experience this fact in wartime, when subordination of almost everything to the immediate and pressing need is the price at which we preserve our freedom in the long run. The fashionable phrases about doing for the purposes of peace what we have learned.to do for the purposes of war are completely misleading, for it is sensible temporarily to sacrifice freedom in order to make it more secure in the future, but it is quite a different thing to sacrifice liberty permanently in the interests of a planned economy.

To those who have watched the transition from socialism to fascism at close quarters, the connection between the two systems is obvious. The realization of the socialist program means the destruction of freedom. Democratic socialism, the great utopia of the last few generations, is simply not achievable.

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There is one economic plan with the raw power to counter the false utopian promises of security and equality.

The Leviticus 25 Plan is the one and only economic dynamic in today’s world with the power to advance the cause of financial security for U.S. citizens and economic liberty for the whole of America.

The Leviticus 25 Plan provides direct liquidity access for participating American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (3986 downloads)

A Look Back: Thank you Hank Paulson, Tim Geithner, and Ben Bernanke – from the bottom of Warren Buffett’s heart…

The U.S. government responded to critical liquidity shortages within Wall Street’s financial sector and a crumbling U.S. economy during the 2008-09 financial crisis, by funneling trillions of dollars in direct cash transfers, emergency loans, credit guarantees, and balance-sheet-clearing toxic mortgage debt purchases – to many of America’s premier financial corporations.

Billionaire Warren Buffett lobbied hard for the massive bailouts…. and with good reason. At least eight of these companies receiving billions of dollars of taxpayer bailouts were owned by Mr. Buffett’s Berkshire Hathaway.

Buffett’s Betrayal: Rolfe Winkler | Reuters / Aug 4, 2009 – Excerpts:
A good chunk of his [Warren Buffett’s] fortune is dependent on taxpayer largess. Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out.

Berkshire Hathaway, in which Buffett owns 27 percent, according to a recent proxy filing, has more than $26 billion invested in eight financial companies that have received bailout money. The TARP at one point had nearly $100 billion invested in these companies and, according to new data released by Thomson Reuters, FDIC backs more than $130 billion of their debt.

To put that in perspective, 75 percent of the debt these companies have issued since late November has come with a federal guarantee.

Without FDIC’s debt guarantee program, even impregnable Goldman would have collapsed.And this excludes the emergency, opaque lending facilities from the Federal Reserve that also helped rescue the big banks. Without all these bailouts, the financial system would have been forced to recapitalize itself.

Banks that couldn’t finance their balance sheets would have sold toxic assets at market prices, and the losses would have wiped out their shareholder’s equity. With $7 billion at stake, Buffett is one of the biggest of these shareholders.

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Fast-forward to 2015… the country’s second richest man was back, ‘sticking it to’ the very people whose billions of dollars bailed him out seven short years ago – U.S. taxpayers.

Warren Buffett, Slumlord – Predatory Loans, Kickbacks & Preying On The Poor  

ZeroHedge, Apr 6, 2015 – Excerpts:                                                                  

Buffett’s mobile-home empire promises low-income Americans the dream of homeownership. But Clayton [controlled by America’s second richest man, billionaire Warren Buffet], relied on predatory sales practices, exorbitant fees, and interest rates that can exceed 15 percent, trapping many buyers in loans they can’t afford and in homes that are almost impossible to sell or refinance, an investigation by The Seattle Times and Center for Public Integrity has found.

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America does not need ‘wealth redistribution,’ as many socialist-minded politicians are demanding.

What America does need is equal access by the citizenry to the types of Federal Reserve monetary credit flows that were so generously provided to Mr. Buffett and his well-heeled, well-connected Wall Street cronies received during the stupendous financial sector bailouts.

U.S. citizens deserve nothing less than to be granted that same direct access to liquidity that the U.S. Federal Reserve showered on Wall Street’s wealthy elites over what ended up being a 5-year flow from 2007-2012.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (3986 downloads)

U.S. Health Care – massive costs with under-performing outcomes….

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Key Drivers of the National Debt – Health Care Costs

Excerpts:

One of the primary drivers of America’s long-term fiscal challenges is our inefficient healthcare system. Combined with the demographic realities of an aging population, America’s healthcare system leaves us with an unsustainable fiscal future. Not only will more Americans qualify for federal healthcare programs like Medicare in the coming years, but older people, on average, need more healthcare. Consequently, without reform, the federal budget will bear the cost of rapidly growing healthcare bills.

In 2020, the United States spent $4.1 trillion — or 20 percent of the national economy — on healthcare. On a per capita basis, our healthcare system is the most expensive among advanced nations. Yet, America’s health outcomes are generally no better than those of our peers, and in some cases are worse, including in areas like life expectancy, infant mortality, asthma, and diabetes.

Put simply, we are paying more than other countries, but we aren’t seeing better results. Healthcare experts have estimated that 25 percent of our total healthcare spending goes to unnecessary and wasteful services. Furthermore, healthcare spending is projected to keep rising — faster than inflation, wages, and the overall economy. Not only does the system result in health outcomes that are generally no better for patients, but its inefficiency also creates enormous challenges for the U.S. economy and federal government.

The primary reasons why our healthcare system underperforms is because the typical factors that fuel improvement and innovation in other industries are lacking in healthcare:

• Historically, consumers have not been cost sensitive because their employers and health plans often cover a large share of their costs and because they lack the information required to assess quality and cost.
• Employers and insurers often assume a passive role, accepting annual cost increases, and eventually pass those costs on to customers and employees.
• Providers generally operate under a fee-for-service model in which they are compensated based on the volume of their services, rather than the value of the care they provide.
• Improvements in technology often make healthcare more expensive.

Under this system, the demands and rewards for quality, efficiency, and price sensitivity are sharply reduced.

The growth in healthcare costs per person has slowed in the last few years, but it is uncertain how long this welcomed trend will continue. Despite the slowdown, the Centers for Medicare and Medicaid Services projects that total spending for healthcare will climb to 19 percent of GDP in 2025. According to CBO, spending on the major federal healthcare programs will rise from 5.7 percent of GDP in 2022 to 9.4 percent in 2051 — an increase of 64 percent.

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It is time to decentralize the U.S. economy – and return to a citizen-centered health care system.

Putting citizens back in control of their access to primary health care services will lead to participating consumers taking a more active, cost sensitive role in their health care decisions. It will re-establish and strengthen patient-provider relationships, and reduce inefficiencies and costs.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (3978 downloads)

America needs a plan to decentralize and streamline health care – to improve access, reduce runaway costs, and rescue a broken system

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JAMA Network – Special Communication, October 7, 2019

Waste in the US Health Care System Estimated Costs and Potential for Savings

William H. Shrank, MD, MSHS¹; Teresa L. Rogstad, MPH¹; Natasha Parekh, MD, MS²Author Affiliations JAMA. 2019;322(15):1501-1509. doi:10.1001/jama.2019.13978

Source: https://jamanetwork.com/journals/jama/article-abstract/2752664

Abstract

Importance  The United States spends more on health care than any other country, with costs approaching 18% of the gross domestic product (GDP). Prior studies estimated that approximately 30% of health care spending may be considered waste. Despite efforts to reduce overtreatment, improve care, and address overpayment, it is likely that substantial waste in US health care spending remains.

Objectives  To estimate current levels of waste in the US health care system in 6 previously developed domains and to report estimates of potential savings for each domain.

Evidence  A search of peer-reviewed and “gray” literature from January 2012 to May 2019 focused on the 6 waste domains previously identified by the Institute of Medicine and Berwick and Hackbarth: failure of care delivery, failure of care coordination, overtreatment or low-value care, pricing failure, fraud and abuse, and administrative complexity. For each domain, available estimates of waste-related costs and data from interventions shown to reduce waste-related costs were recorded, converted to annual estimates in 2019 dollars for national populations when necessary, and combined into ranges or summed as appropriate.

Findings  The review yielded 71 estimates from 54 unique peer-reviewed publications, government-based reports, and reports from the gray literature. Computations yielded the following estimated ranges of total annual cost of waste: failure of care delivery, $102.4 billion to $165.7 billion; failure of care coordination, $27.2 billion to $78.2 billion; overtreatment or low-value care, $75.7 billion to $101.2 billion; pricing failure, $230.7 billion to $240.5 billion; fraud and abuse, $58.5 billion to $83.9 billion; and administrative complexity, $265.6 billion.

The estimated annual savings from measures to eliminate waste were as follows: failure of care delivery, $44.4 billion to $97.3 billion; failure of care coordination, $29.6 billion to $38.2 billion; overtreatment or low-value care, $12.8 billion to $28.6 billion; pricing failure, $81.4 billion to $91.2 billion; and fraud and abuse, $22.8 billion to $30.8 billion. No studies were identified that focused on interventions targeting administrative complexity. The estimated total annual costs of waste were $760 billion to $935 billion and savings from interventions that address waste were $191 billion to $286 billion.

Conclusions and Relevance  In this review based on 6 previously identified domains of health care waste, the estimated cost of waste in the US health care system ranged from $760 billion to $935 billion, accounting for approximately 25% of total health care spending, and the projected potential savings from interventions that reduce waste, excluding savings from administrative complexity, ranged from $191 billion to $286 billion, representing a potential 25% reduction in the total cost of waste. Implementation of effective measures to eliminate waste represents an opportunity reduce the continued increases in US health care expenditures.

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The Leviticus 25 Plan provides for a $30,000 deposit into the Medical Savings Account of each participating U.S. citizen. Medicare, Medicaid, VA, TRICARE, and FEHB beneficiaries will each have a $6,000/year for their primary health care benefits related to those programs.

Citizens covered by employer-sponsored health care benefits will be able to select a higher deductible health care plan and save significant costs on premiums.

The Leviticus 25 Plan puts citizens back in control of their primary health care needs, reduces program-related complexities for patients and providers, improves efficiencies, reduces costs, and limits government control.

It will reduces overtreatment of low value care, lower pricing failure, and reduce fraud and abuse.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (3978 downloads)