Cashless Society: WEF Boasts That 98% Of Central Banks Are Adopting CBDCs

ZeroHedge, Apr 25, 2024 – Excerpts:

…The WEF recently boasted in a new white paper that 98% of all central banks are now pursuing CBDC programs.  The report, titled ‘Modernizing Financial Markets With Wholesale Central Bank Digital Currency’, notes:

“CeBM is ideal for systemically important transactions despite the emergence of alternative payment instruments…Wholesale central bank digital currency (wCBDC) is a form of CeBM that could unlock new economic models and integration points that are not possible today.”

The paper primarily focuses on the streamlining of crossborder transactions, an effort which the Bank for International Settlements (BIS) has been deeply involved in for the past few years.  It also highlights an odd concept of differentiated CBDC mechanisms, each one specifically designed to be used by different institutions for different reasons.  Wholesale CBDCs would be used only by banking institutions, governments and some global corporations, as opposed to Retail CBDCs which would be reserved for the regular population.

How the value and buying power of Wholesale CBDCs would differ is not clear, but it’s easy to guess that these devices would give banking institutions a greater ability homogenize international currencies and transactions.  In other words, it’s the path to an eventual global currency model.  By extension, the adoption of CBDCs by governments and global banks will ultimately lead to what the WEF calls “dematerialization” – The removal of physical securities and money. 

The WEF states:  “As with the Bank of England’s (BOE) RTGS modernization programme, the intention is to introduce a fully digitized securities system that is future-proofed for incremental adoption of DLT (Distributed Ledger Technology). The tokenization of assets involves creating digital tokens representing underlying assets like real estate, equities, digital art, intellectual property and even cash. Tokenization is a key use case for blockchain, with some estimates pointing towards $4-5 trillion in tokenized securities on DLTa  by 2030.” 

Finally, they let the cat out of the bag:

“The BIS proposed two models for bringing tokenization into the monetary system: 1) Bring CBDCs, DTs and tokenized assets on to a common unified ledger, and 2) pursue incremental progress by creating interlinking systems.

They determined the latter option was more feasible given that the former requires a reimagination of financial systems. Experimentation with the unified ledger concept is ongoing.”

To interpret this into decoded language – The unified ledger is essentially another term for a one world digital currency system completely centralized and under the control of global banks like the BIS and IMF.  The WEF and BIS are acknowledging the difficulty of introducing such a system without opposition, so, they are recommending incremental introduction using “interlinking systems” (attaching CBDCs to paper currencies and physical contracts and then slowly but surely dematerializing those assets and making digital the new norm).  It’s the totalitarian tip-toe.   

The BIS predicts there will be at least 9 major CBDCs in circulation by the year 2030; this is likely an understatement of the intended plan.  Globalists have hinted in the past that they prefer total digitization by 2030.

A cashless society would be the end game for economic anonymity and freedom in trade.  Unless alternative physical currencies are widely adopted in protest, CBDCs would make all transactions traceable and easily interrupted by governments and banks.  Imagine a world in which all trade is monitored, all revenues are monitored and transactions can be blocked if they are found to offend the mandates of the system.  Yes, these things do happen today, but with physical cash they can be circumvented. 

Imagine a world where your ability to spend money can be limited to certain retailers, certain services, certain products and chosen regions based on your politics, your social credit score and your background.  The control that comes with CBDCs is immense and allows for complete micromanagement of the population.  The fact that 98% of central banks are already adopting this technology should be one of the biggest news stories of the decade, yet, it goes almost completely ignored.   

_________________________________

Economic liberty is critically dependent upon physical cash, and a strong dollar – that is not being eroded by massive deficits, ‘money printing,’ and special interest politics.

The Leviticus 25 Plan provides a dynamic corrective solution to America’s colossal public and private debt imbalances, reduces the citizenry’s dependence on government, and protects against the pressures of a forced conversion to a global digital currency system.

A dynamic U.S. economy, with annual federal budget surpluses, ultra-low household debt levels, low inflation / low interest rates, and economic freedom – would enjoy overpowering superiority versus any block of nations locked into a digital currency system of governance.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (13468 downloads )

David Walker, is a former comptroller general of the United States, former head of the Government Accountability Office (GAO), and a current Main Street Economics advisory board member.

…………………………………….

Washington’s Fiscal Mess Is Irresponsible, Unethical, Immoral: Former US Comptroller General

ZeroHedge, Apr 27, 2024 | Authored by Andrew Moran via The Epoch Times,

Walker interview with the Epoch Times – Excerpts:

In 2007, the U.S. national debt was below $10 trillion, and the budget deficit was about $160 billion. Federal spending was about $3 trillion, and interest payments were approximately $400 billion... Then the numbers spiraled out of control.

Washington’s fiscal situation has drastically changed… total debt has surpassed $34 trillion, the annual budget shortfall exceeds $1 trillion, and interest costs have topped $1 trillion…

According to the Congressional Budget Office’s long-term outlooks, the national debt will eye $50 trillion by 2034, fueled by around $17 trillion in cumulative deficits. As a percentage of GDP, debt held by the public and the deficit will reach 166 percent and 8.5 percent by 2054, respectively, the CBO forecasts.

“Washington has become addicted to spending, deficits, and debt, and they’re charging the credit card and planning to send the bill to younger and future generations of Americans,” Mr. Walker told The Epoch Times.

“That’s irresponsible. It’s unethical, and it’s immoral, and it needs to stop.”

“Only God knows when the tipping point is going to occur, and God’s not telling us,” he said.…

Republicans and Democrats

President Joe Biden… has added close to $7 trillion to the national debt since taking office in 2021.

While Republicans have griped over the current administration’s spending endeavors, experts assert that the GOP has also contributed trillions of dollars to the debt pile. One of the GOP-led expansionist initiatives was Medicare Part D under former President George W. Bush…

This program, which was designed to utilize private health care plans to offer drug coverage to Medicare beneficiaries, added $8 trillion in new unfunded obligations. Mr. Walker accepted that “the politicians were totally out of touch with fiscal reality,” considering that Medicare was already underfunded by $19 trillion.…

Put simply, both parties have been fiscally irresponsible, and now the bills are coming due.

“The federal debt is on an unsustainable course, and lawmakers have been unable or unwilling to correct it,” the organization stated.

Whether the United States can improve its fiscal trajectories remains to be seen.

____________________________

Mr. Walker’s recommendation of a Congressional “fiscal commission” to get America’s government debt and unfunded liabilities crisis back under control would end up being nothing more than a political cat fight – with no meaningful accomplishments.

Furthermore, it would do nothing to eliminate household debt, consumer debt, student loan debt – and restore financial security for millions of America’s hard-working, tax-paying U.S. citizens.

It will take something far more powerful and far more creative than another ‘government commission’ to solve this crisis – and here it is:

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (13210 downloads )

Highlights:

For comparative context, the lower range of the estimate—$233 billion—is greater than fiscal year 2022 obligation levels for all but the eight largest agencies.

There are five agencies with total annual obligations greater than the upper range of $521 billion, based on fiscal year 2022.

……………………………………………………………..

GAO Fraud Risk Management, April 2024

Excerpts:

Annual Federal Losses Due to Fraud Are Estimated to be between $233 Billion and $521 Billion Based on Data from Fiscal Years 2018 through 2022, Reflecting Various Risk Environments

We estimated direct annual financial losses to the federal government from fraud to be between approximately $233 billion and $521 billion, as shown in figure 6. This range reflects the middle 90 percent of values, based on our model. The width of the range is a reflection of both the uncertainty associated with estimating fraud and the diversity in the risk environments that were present in fiscal years 2018 through 2022.

The estimate reflects fraud losses associated with direct federal spending on programs and operations.

Accordingly, fraud loss associated with revenues, such as tax credits or other fees collected by the federal government, are not included.

This estimate does not capture losses that occur at the state, local, tribal, or other government level unless those losses included a federal investigative, administrative, or related action.

Further, the estimate does not include the nonfinancial losses due to fraud or the value of nonfinancial benefits obtained fraudulently.

Figure 6: Estimate of Direct Annual Financial Losses from Fraud Affecting the Federal Government, Based on Our Simulation…

Our estimate is also in line with studies of domestic federal program fraud. For example, we and others conducted estimation work related to pandemic spending, which was at higher risk of fraud.

We estimated that between $100 billion and $135 billion (between 11 and 15 percent of total spending) in fraudulent unemployment insurance payments were made between April 2020 and May 2023.27 This analysis supported even higher fraud rates for the Pandemic Unemployment Assistance payments, which made up a subset of the unemployment insurance payments that were included in our review. The Small Business Administration OIG reported that it estimated $200 billion in potentially fraudulent pandemic related business loans as of May 2023.

Our estimate of direct annual financial losses due to fraud reflects significant financial impacts to the federal government.

For comparative context, the lower range of the estimate—$233 billion—is greater than fiscal year 2022 obligation levels for all but the eight largest agencies.

There are five agencies with total annual obligations greater than the upper range of $521 billion, based on fiscal year 2022.

______________________________

The Federal Government allocation of resources is not only inefficient and ‘special interest’ driven, it is also riddled with fraud – costing America’s hard-working taxpayers hundreds of billions of dollars in the process.

The Leviticus 25 Plan properly screens potential participants (favorable job histories, credit histories, tax payment records), and where necessary (for uncetain status), provides for custody account oversight to insure proper dispensation management.

The Leviticus 25 Plan thereby shifts trillions of dollars of resource allocation from the government directly to honorable, hard-working U.S. taxpayer citizens – saving the Federal Government massive sums of money in claims processing and middle-man involvement in its current “programs and operations.”

The Leviticus 25 Plan, furthermore, will generate $112.6 billion Federal Budget surpluses annually (2025-2029) vs projected $1.795 trillion annual budget deficits.

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (13137 downloads )

WSJ: TARP Was No Win for the Taxpayers

Treasury’s claim that the bank bailouts will return a profit ignores the other, more costly programs enabling the banks to repay their TARP funds.

The Wall Street Journal, Mar 17, 2011

… Special Inspector General for TARP criticized Treasury in October for inadequately disclosing a change in its valuation methodology that reduced a $45 billion loss in AIG to $5 billion, making TARP losses appear smaller than they really are. This data manipulation is only part of a much larger problem with Treasury’s representations regarding the supposed success of the bank bailout payments that lie at the heart of TARP.

The focus on repayment fails to consider the huge taxpayer costs from non-TARP programs that directly and indirectly enabled many of the large banks to repay their TARP funds. These intertwined programs, operated by the Treasury and the Federal Reserve, dwarf the size of TARP and lack its accountability.

… The Congressional Budget Office estimates that Treasury’s bailout of the GSEs [Government Sponsored Entities, like Fannie Mae and Freddy Mack] will cost the taxpayers approximately $380 billion through fiscal year 2021. If only one-fourth of CBO’s estimate ultimately benefits TARP recipients and other financial institutions, taxpayers will have provided a subsidy to these institutions of approximately $100 billion, which is not accounted for under TARP.

…. TARP was never where the real action was happening. In fact, other Fed and FDIC programs added another $2 trillion of taxpayer money at risk to the 19 stress-tested banks alone, on top of the $1.1 trillion of MBS purchased by the Fed. TARP is but one-eighth of that total.

……………………………………………………………………………….

Big bank bailouts and ‘secret Fed loans’ 2007-2010

The Federal Reserve and U.S. Treasury Department ‘flushed’ billions of dollars (courtesy of tax-paying U.S. citizens) out through their big-big-bank-connected umbilical cord credit extension system during the height of the Great Financial Crisis.

The ‘biggest of the big’ made out well – and their insiders did even better.

_________________________________

“Secrets and Lies of the Bailout” –  RollingStone, Jan 4, 2013 

Goldman Sachs, which had made such a big show of being reluctant about accepting $10 billion in TARP money, was quick to cash in on the secret loans being offered by the Fed. By the end of 2008, Goldman had snarfed up $34 billion in federal loans – and it was paying an interest rate of as low as just 0.01 percent for the huge cash infusion. Yet that funding was never disclosed to shareholders or taxpayers, a fact Goldman confirms. “We did not disclose the amount of our participation in the two programs you identify,” says Goldman spokesman Michael Duvally.

Goldman CEO Blankfein later dismissed the importance of the loans, telling the Financial Crisis Inquiry Commission that the bank wasn’t “relying on those mechanisms.” But in his book, Bailout, Barofsky says that Paulson told him that he believed Morgan Stanley was “just days” from collapse before government intervention, while Bernanke later admitted that Goldman would have been the next to fall.

Meanwhile, at the same moment that leading banks were taking trillions in secret loans from the Fed, top officials at those firms were buying up stock in their companies, privy to insider info that was not available to the public at large. Stephen Friedman, a Goldman director who was also chairman of the New York Fed, bought more than $4 million of Goldman stock over a five-week period in December 2008 and January 2009 – years before the extent of the firm’s lifeline from the Fed was made public. Citigroup CEO Vikram Pandit bought nearly $7 million in Citi stock in November 2008, just as his firm was secretly taking out $99.5 billion in Fed loans. Jamie Dimon bought more than $11 million in Chase stock in early 2009, at a time when his firm was receiving as much as $60 billion in secret Fed loans. When asked by Rolling Stone, Chase could not point to any disclosure of the bank’s borrowing from the Fed until more than a year later, when Dimon wrote about it in a letter to shareholders in March 2010.

__________________________________

It is now time untangle America from this twisted political mess and get us back to a citizen-driven economy.

It is time to grant U.S. citizens the same direct liquidity access that was ‘gifted’ to major banks and insurers during 2007 – 2010.

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (12935 downloads )

M2 is the Fed’s estimate of the U.S. total money supply.

M2 is a measure of the U.S. money stock that includes M1 (currency and coins held by the non-bank public, checkable deposits, and travelers’ checks) plus savings deposits (including money market deposit accounts), small time deposits under $100,000, and shares in retail money market mutual funds. (Source:  St. Louis Fed) 

Central banks can influence M2 supply by either issuing more money into the economy or by incentivising people to spend less. Quantitative easing is one way that a central bank can increase money supply and stimulate the economy. (Source:  IG.com)

………………..

Total Net Worth held by the Top 0.1% (red) and the Bottom 50% (blue), and M2 (green), were all relatively stable, showing a modest upside trajectory, through about 1995.  At that time the (red vs blue) gap was approximately $2 trillion.

But then as the Fed began ratcheting up M2 (2000-2020), the gap between the Top 0.1% and the Bottom 50% began to reveal a significant distortion.

And then when the Fed began ‘goosing’ M2 in serious fashion (2020-2022), the gap became especially pronounced – widening out to approximately $16 trillion by 2022.

Clearly, Fed monetary interventions favored the ultra-wealthy participants in the U.S. economy.

US M2 Money Supply is at a current level of 20.79T, down from 20.86T last month and down from 21.12T one year ago. This is a change of -0.36% from last month and -1.58% from one year ago. (Source:  YCharts.com)

“Recent inflation behavior has been consistent with a lagged effect of M2 on personal consumption expenditures (PCE) inflation,” Neely wrote. For instance, he cited the rise of PCE inflation beginning in February 2021, which coincided with the peak M2 growth rate of 26.9% and was a year after M2 growth began to soar.  (Source:  St. Louis Fed, Oct 17, 2023)

___________________________ 

The Top 0.1% benefactors of the Fed policies pumping M2 higher would be concentrated, directly or indirectly, within the very financial sectors which precipitated the 2008-2010 Great Financial Crisis, fell below their capital requirements, and then magically went on to receive:  1) Federal Reserve Discount Window access; and 2) “Secret Liquidity Lifeline” credit extensions pumped through funding facilities created by the Federal reserve (Term Auction Facility (TAF), Commercial Paper Funding Facility (CPFF), Primary Dealer Credit Facility (PDCF), the Term Securities Lending Facility (TSLF), Single-Tranche Open Market Operations (ST OMO), the Asset-Backed Commercial Paper Money Market Mutual Funding Liquidity Facility (AMLF) and several other credit facilities).

Who were these benefactors specifically?  Primarily the officers and principles of major Wall Street banks and insurers, and the major shareholders in those institutions (e.g., Warren Buffett – Wells Fargo, Goldman Sachs).

It is now time to balance the scales and grant that same direct access to Fed liquidity extensions to America’s hard-working, tax-paying U.S. citizens.

It is high time to get America back on track: 1) Balanced budgets;  2) Legitimate, non-debt based, economic growth;  3) Restored financial security for millions of American families; and 4) Economic Liberty.

_______________________________

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (12553 downloads )

Important to note: “House Republicans opened the earmark door with a secret caucus vote three years ago. Now, it’s nearly a ‘free’ for all…”

…………………………

“The Squad” Earmarked $224 Million Since 2023 – Led By AOC, It’s Pork Barrel Spending By The Democratic Socialists

ZeroHedge, Mar 26, 2024 – Authored by Adam Andrzejewski via OpenTheBooks substack, Excerpts:

“The Squad’ is a group of ultra-left wing Congressional socialists which has been the toast of so-called “progressives” for the last several years.

Its members might promise a worker’s paradise, in which government “withers away,” in the words of Vladimir Lenin, but for now they are only too happy to direct government largesse to the folks back home.

In fact, The Squad members have earmarked $224 million and many absurd pet projects since 2023. 

Download the full database of The Squad’s 2023 and 2024 earmarks here.

Our figures include the earmarks in the most recent $1.2 trillion spending bill from last week.

It’s a stunning display of logrolling – deep inside the status quo – they say they hate as a tool of capitalist oppression.

The Squad maxed out their pork in 2023 and 2024. Their 215 earmarked projects cost the rest of us (overwhelmingly non-socialist) U.S. taxpayers $224.1 million. Every dime was borrowed against our national debt.

New York’s Alexandria Ocasio-Cortez (D-NY), AKA, “AOC,” who last week did not know that “RICO” names a crime, is The Squad’s most prominent voice. She is celebrated as a “socialist superstar” by the Democratic Socialists of America.

Representative Ocasio-Cortez earmarked $1.2 million for a new building for the International Muslim Women’s Empowerment Project. Its founder teaches a “hijab grab” self-defense move involving a “kick to the groin.”

And then there’s the $500,000 for the Billion Oyster project in her district. Rich people eat oysters. However, the law prohibits anyone from either fishing or eating oysters in the Hudson River. So, this is only an engineering project for eco-marginalized people in Queens.

Other Squad members are Jamaal Bowman (D-NY), Cori Bush (D-MO), Greg Casar (D-TX), Summer Lee (D-PA), Ilhan Omar (D-MN), Ayanna Pressley (D-MA), and Rashida Tlaib (D-MI).

The Squad Practices Race-based Earmarking – Squad members shoveled some pretty stinky stuff into spending bills. It appears race-based legislating is OK if a progressive does it:

• $850,000 to create jobs for the Black community near George Floyd Square, whose death in 2020 “added to the stress faced by the community and increased the need for support and stability in housing and commerce.” Patron: Congresswoman Ilhan Omar.
• $1.7 million to help the Environmental Leaders of Color build a “green tech park.” The group’s goal is to “assist marginalized communities in preparing for climate change’s adverse effects … so that they can thrive like healthy plants in their natural ecosystem.” Patron: Congressman Jamaal Bowman.
• $1 million for the Immigrant Opportunity Center expansion. It’s run by CAPI USA, a nonprofit that “guides refugees and immigrants in their journey toward self-determination and social equality.” Patron: Congresswoman Ilhan Omar.
• $1.35 million to New Immigrant Community Empowerment, a nonprofit that advocates for citizenship for all illegal immigrants. Patron: Congresswoman Alexandra Ocasio-Cortez ($500,000). The group received another $850,000 this year from Rep. Grace Meng (D-NY).
• $1.5 million to build special grocery stores and education facilities for Black farmers in the community of St. Louis. Patron: Congresswoman Cori Bush.
• $1 million for the San Antonio College Empowerment Center, which runs an Undocumented Student Support Program to help immigrants enroll in the school. Patron: Congressman Greg Casar.

The Squad’s Green Earmarks

Congresswoman Ocasio-Cortez introduced her Green New Deal, in 2019. It’s the focus of 21 earmarks to build green infrastructure, move away from fossil fuels, and involve minority communities in climate policy. She and her colleagues find ways to get us to pay for their policy preference, such as:

• $1 million to build “a network of intergenerational, trauma-informed waterfront green spaces.” The project already received $792,000 in 2022 earmark funding. Patron: Congresswoman Ayanna Presley
• $466,000 to improve the energy efficiency of a St. Louis homeless shelter. Patron: Congresswoman Cori Bush.
• $4 million to build an “industrial green beltway” in Dearborn, Michigan. Patron: Congresswoman Rashida Tlaib.
• $500,000 from Ocasio-Cortez will build an oyster reef to “address longstanding environmental justice inequities facing underrepresented communities in Queens.” Oyster habitats in New York have been damaged by pollution and harvesting them for food is illegal.
• $850,000 to repair a bridge that “connects minority environmental justice communities” in Pennsylvania. Patron: Congresswoman Summer Lee.
• $2 million for Everett, Mass. to build a park for “low-income BIPOC residents” to “stay cool during increasingly hot summers.” (“BIPOC” is an acronym for “Black, indigenous and other people of color.”) Patron: Congresswoman Ayanna Pressley.

Stopping Insane Earmarks. Or Not.

In 2024, when it got too insane, Republican members of the House finally got serious and cut a few of the whacky earmarks.

For example, Rep. Pressley’s earmark to build affordable housing for LGBTQ seniors did not make it into the final House bill.

However, in the second minibus bill, Pressley was able to add back $850,000 for LGBTQ “The Pryde” senior housing by moving the earmark to the U.S. Senate. Pressley called Republicans homophobic for attempting toeliminate her LGBTQ earmarks.

Background

From time immemorial, politicians of every stripe have used their positions to benefit those who sent them to D.C., while sticking taxpayers with the tab.

Congresspeople all play together in the sandbox, promising not to rat each other out for some strikingly goofy – or downright weird – local spending. Things got so out of hand 15 years ago, that a bi-partisan coalition led by former U.S. Senator Dr. Tom Coburn (R-OK) and President Barack Obama actually banned earmarking for ten years.

It didn’t last.

Regardless of what you may have heard about GOP hate for former U.S. House Speaker Nancy Pelosi (D-CA), three years ago, the House Republican caucus, in a secret vote, joined Speaker Pelosi and the Democrats to reinstate earmarks.

That moment of fiscal fealty was replaced by the naked need for pork, and in the instance, a new alliance with the Speaker.

And so, we have more tabs to face than a diet soda aisle at a big Costco.

In 2024, the so-called “minibus measures” contained 8,051 earmarks totaling $15.7 BILLION TAXPAYER DOLLARS. In 2023, the year-end omnibus was stuffed with 7,510 earmarks worth just over $16 BILLION TAXPAYER DOLLARS.

Congress must disclose earmarks online. However, it posts them in hard-to-review PDF files. (Our team at OpenTheBooks.com converts those files into Excel spreadsheets to more effectively parse what they are hiding.)

When Congress knows what it is doing is wrong, it always makes it a bit harder to find.

In all too many ways, earmarks – from both Democrats and Republicans — are no exception.

Next week – “The Freedom Caucus Decides It Is Free to Earmark”

_________________________________

It is critical now for America to get back on track.

Step 1: Eliminate Earmarks – eliminate budget blowouts from special interest politics.

Step 2: The Leviticus 25 Plan – Leviticus 25 Plan 2025 (12185 downloads )

Step 3: Less government, more freedom.

Washington Democrats love to grow government and broaden dependency on government programs. And run massive budget deficits, which will eventually sink the U.S. Dollar and bring on a forced transition into a Central Bank Digital Currency (CBDC) system.

Washington Republicans, meanwhile, love to give lip service to controlling spending and getting the massive federal deficits back under control – but, shamefully, have no politically feasible, economically viable plan to present to the voting public.

Main Street America Republicans do have a plan…

……………………………………………………………………

Biden’s Free Lunch for Rich Kids – WSJ

The USDA prepares to feed more schoolchildren year-round, even if their parents make six figures.

By Sam Adolphsen and Paige Terryberry | March 26, 2024 4:06 pm ETn

There’s no such thing as a free lunch, but the Biden administration insists otherwise. The U.S. Department of Agriculture plans to provide free lunches to children—including many whose parents earn six-figure incomes—year-round. New research from our organization finds that up to 72% of America’s some 49 million public-school students could soon be on the taxpayer dole.

As usual, this story begins with a supposedly temporary program. As schools closed in 2020, Congress allowed states to send extra payments to families whose children qualified for free and reduced-price school lunches. The following year, it added summer payments to the package, depositing money directly onto families’ electronic benefit transfer, or EBT, cards, which are used for food stamps. Finally, in December 2022, Congress made this “Summer EBT” program permanent—beginning in mid-2024. The USDA would automatically enroll millions of families and create a separate, means-tested application process for others.

The White House is now exceeding what Congress intended. In September 2023, the USDA’s Food and Nutrition Service finalized a rule that expands the number of students who qualify for reduced lunches during the school year. If a mere 25% of a public school’s students meet the requirements, 100% of its students will be eligible to receive the benefit. The rule imposes no income limits, meaning middle- and upper-class children will get subsidized meals.

The Biden administration also is preparing to add the summer months to the expansion. On Dec. 29, 2023, the Food and Nutrition Service quietly solicited feedback on the difficulty of administering Summer EBT applications—likely hinting that it intends to abandon the applications and return to the pandemic-era policy of depositing taxpayer funds into EBT accounts, regardless of need.

According to our research, as many as 50% more public-school students will be eligible for taxpayer help during the school year. If the administration abandons Summer EBT applications and income standards, these students will automatically receive summer payments, too. If their families have EBT cards, they’ll likely receive monthly direct deposits; if not, they’ll presumably receive a card in the mail.

The administration is selling the expansion as a way to fight child hunger, especially in low-income communities. Agriculture Secretary Tom Vilsack declared in January that “no child in this country should go hungry” or “lose access to nutritious school meals during the summer months.” But the federal government already runs multiple programs for low-income students, including the Summer Food Service Program and Seamless Summer Option.

In classic Washington fashion, the more-tailored summer food programs will continue to exist. The feds, meanwhile, will throw more taxpayer money at the same population while sweeping a larger share of Americans onto the government dole. The exact cost of Summer EBT isn’t yet known but will almost certainly run into the billions. The cost of expanded school lunches for middle- and upper-class children will add billions more.

Short of a new administration, court intervention or act of Congress, there’s no way to roll back the school-year welfare expansion. But states can refuse to participate in Summer EBT, and so far 13 haven’t opted in for this summer. The Biden administration—backed by an army of activists and a gullible media—is trying to browbeat them into submission. Nebraska reversed course last month, joining the program after previously steering clear.

Republican leaders fear being tarred as heartless monsters who want poor children to starve, but this handout would flow to the well-off. The real stakes are stopping welfare that taxpayers can’t afford and families don’t need.

Mr. Adolphsen is policy director and Ms. Terryberry a senior research fellow at the Foundation for Government Accountability.

___________________________________

The Main Street America Republicans’ plan:

1. Lifts families up out of the mire of ‘government-dependency’ programs, eliminates debt, and restores financial security for millions of America’s hard-working, tax-paying U.S. citizens who wish to be free to manage their own lives;

2. Generates massive $112.6 billion federal budget surpluses each of the first five years of activation – and pays for itself entirely over the succeeding 10-15 year period – thereby protecting the integrity of the U.S. Dollar, slowing inflation to a trickle, and cancelling the forced transition into a CBDC system;

3. Re-ignites free market dynamics, economic liberty, and a powerful new long-term economic growth cycle.

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (12185 downloads )

Business as usual in Washington…

The good news: Republican are not going to be ‘tarred and feathered’ for shutting down the government as the campaign season heats up.

The bad news: 1) Deficit spending – unchecked; 2) Border security – weak; 3) Bewildering ‘pork’ funding measures – inserted, and worst of all; 4) Washington Republicans have no alternative master plan to re-instill spending discipline and reduce/eliminate federal budget deficits, restore financial security for millions of American families, and win over the hearts (and votes) of millions of hard-working, tax-paying U.S. citizens – to get America back on track.

See how your U.S. House Representative voted here.

Bewildering ‘Pork’ insertions:

– $850k for a gay senior home
– $15 million to pay for Egyptian’s college tuitions
– $400k for a gay activist group to teach elementary kids about being trans
– $500k for a DEI zoo
– $400k for a group to gives clothes to teens to help them hide their gender [that includes giving 13-year-old children chest binders, tuck equipment, and “counseling” without parental consent].

Additionally, it would fund facilities providing routine abortion services, including late-term abortions.

…………………………………………

House Passes Pork-Filled Bill To Fully Fund Government

ZeroHedge, Friday, Mar 22, 2024 – Excerpts:

Update (1150ET):  With just hours to go before a shutdown, the House has passed the $1.2 trillion minibus bill, which will now head to the Senate.

The vote was 286-134, with 112 Republicans and 22 Dems against.

All 100 Senators will need to agree to a vote to pass the bill before midnight. If this fails to happen, the government would be forced into a partial shutdown on Saturday morning.

President Biden has urged Congress to pass it quickly so he can sign…

The bill funds the departments of Homeland Security, State, Labor, Defense, Health and Human Services, among other things. Combined with the $459 billion bill passed earlier this month, the latest funding packages fully fund the federal government to the tune of $1.659 trillion through September, NBC reports.

House Freedom Caucus member Chip Roy (R-TX) railed against the fact that members only had around 24 hours to review the bill – and attacked his fellow Republicans for failing to secure immigration wins.

Rep. Chip Roy: “All you social conservative groups, where the hell are you? Crickets. Silence. Because you care about political power more than the very thing you say you’re for. You know who you are. Where are the social conservative groups? Cowering in the corner.”…

In short, Democrats bailed out Johnson once again – the same move which resulted in the ouster of former Speaker Kevin McCarthy.

There are numerous House Republicans concerned with the package’s lack of strict border security provisions, the huge price tag, the secretive negotiating process and even the lack of a pay hike for members of Congress. The unrest is especially acute among conservatives…

The package accounts for approximately 70% of discretionary government spending – and consists of six out of twelve total bills that Congress must pass each fiscal year to fund the government. The six others, around $460 billion in spending, were passed earlier this month…

“This is not the bill that my subcommittee produced and supported. The Senate has taken liberties with their Congressionally Directed Spending requests that would never stand in the House,” said Rep. Robert Aderholt, (R-AL), chairman of the House Appropriations subcommittee on Labor and Health & Human Services (HHS).

“The House did not include these partisan funding projects in its Labor-HHS legislation. Based on these principles, the Senate shouldn’t either,” Aderholt continued. “I have multiple concerns, among them are the many new social services that this bill would create for the millions of illegal immigrants streaming across our border. Additionally, it would fund facilities providing routine abortion services, including late-term abortions. The Senate must respect the work of the House. In good conscience, I cannot and will not vote for these projects or this bill.”

Pork City – As usual, Democrats slipped in as much pork as possible, including:

– $850k for a gay senior home
– $15 million to pay for Egyptian’s college tuitions
– $400k for a gay activist group to teach elementary kids about being trans
– $500k for a DEI zoo
– $400k for a group [Briarpatch YS] to gives clothes to teens to help them hide their gender

… About that $400k for clothes – that includes giving 13-year-old children chest binders, tuck equipment, and “counseling” without parental consent.

Briarpatch YS gives 13-year-old kids chest binders, tuck equipment, “counseling” all… pic.twitter.com/CmMxmFivPU — End Wokeness (@EndWokeness) March 21, 2024

___________________________________

Main Street America Republicans have a master plan – to win elections and clean this mess up…

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (12119 downloads )

“However human, envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential conditions for the preservation of such a society that we do not countenance envy, not sanction its demands by camouflaging it as social justice, but treat it, in the words of John Stuart Mill, as ‘the most anti-social and evil of all passions.’”  –  Friedrich von Hayek, 1974 Nobel Prize, Economic Sciences ___________________________________

America’s dynamic new plan to dispense with envy………

The Leviticus 25 Plan – An Economic Acceleration Plan for America 2024

Washington Democrats and Republicans are driving America headlong into a full-blown debasement of the U.S. Dollar – and an inevitable conversion to a Central Bank Digital Currency (CBDC) system.

Congress added $7.5 trillion to the debt over the last 2 years, according to The Heritage Foundation report. This comprehensive report exposes the historic spending spree from both parties in Congress, March 2020 – December 2022, has added a massive $7.464 trillion to the national debt (not counting accrued interest costs). Source: Fox News, Sep 21, 2023.

Congress’ latest spending package, approved by the GOP-led House of Representatives, covers six appropriation bills totaling $460 billion.

It also includes over 6,600 earmarks at a cost of $12.7 billion dollars.

See how your state’s Congressman voted here.

The U.S. Congress has no appetite whatsoever to change its’ free-wheeling ways.

Main Street America Republicans, however, do have a plan to put this chaotic mess back in order….

………………………………………………

GOP-led House passes spending package to keep government open, includes $13 billion in earmarks

The spending bill passed 339-85 with more Democrats voting in favor of it than Republicans

By Nicholas Ballasy, Updated: March 6, 2024 10:35pm / Dig Deeper – Excerpts:

The GOP-led House of Representatives on Wednesday passed a 1,050-page spending package that includes nearly $13 billion of earmarks, commonly referred to as “pork barrel” spending.

The bill passed 339-85 with more Democrats voting in favor of it than Republicans. In total, 207 Democrats and 132 Republicans voted yes. 

There are earmarks in the legislation sponsored by members of the Democrat and Republican parties. The spending package contains six appropriations bills totaling about $460 billion.

The first spending deadline in the temporary spending bill Congress passed last week is Friday, March 8. The appropriations bills in the new spending package would last for the rest of fiscal year 2024.

“One Republican Senator gets 8 earmarks in the omnibus today. No one voted to add these and no one gets to vote to take these out. We have gone backwards 14 years, to before the 2010 Tea Party wave,” Rep. Thomas Massie, R-K.Y., said in a post on X, formerly Twitter, referring to Sen. Lindsey Graham, R-S.C. “The swamp is back to buying Republican votes for the omnibus with earmarks.”

Sen. Rick Scott, R-Fla., wrote on his X account that the spending package is “packed with 6,600+ earmarks totaling $12.7 BILLION DOLLARS.”

“Skyrocketing inflation. Massive debt. But Washington keeps spending your money on stupid pet projects. NO MORE EARMARKS,” he wrote.

Sen. Rand Paul, R-K.Y., said it’s “disappointing that Republicans are going along with Democrats” in moving forward with the spending bill that has hundreds of earmarks.

“This is a real step backwards, and I will oppose it with every fiber of my being,”  Paul said.

Sen. Mike Lee, R-Utah, said there was “no way any mortal could actually vet all of the earmarks in the 48-hour time period they’ve given us so far.” 

“Earmarks are the corrupt currency of Congress. No self-respecting Republican should touch them,” he wrote.

Lee said Senate lawmakers can still request that their earmarks be stripped from the bill…

Sen. John Thune, R-S.D., has reportedly sponsored many earmarks in the spending package. Thune is running to replace Senate GOP Leader Mitch McConnell, R-K.Y., who is stepping down from his leadership role in November.

Lee called on Thune to request removal of the earmarks from the spending package. Thune’s office was not available for comment before press time.

Rep. Bob Good, R-Va., chairman of the House Freedom Caucus, argued that Congress “should not be giving $12.7 billion to Congressional pork projects when we are $34 trillion in debt.”…

____________________________________

The Main Street America Republican plan to save America:

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (11967 downloads )