March 2024 – Government Stagnation, Economic Stagflation. Solution: The Leviticus 25 Plan.

Congress is once again spinning its budget wheels, America is sinking ever deeper into its self-made cavernous debt hole, and the economy continues on in a sour skid.

It is time to think outside-the-box. It is time for a comprehensive new strategy….

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Congressional Leaders Announce Deal To Avert Shutdown

ZeroHedge, Feb 29, 2024 – Update (1748ET): Congressional leaders have reached an agreement to avert a government shutdown this week. Under the deal, six full bills will be extended which will cover the departments of Agriculture, Justice, Commerce, Energy, Interior, Transportation and Housing and Urban Development through March 8, while the remaining six annual funding bills covering the departments of Labor and Health and Human Services, the Pentagon and other offices will be covered through March 22.

So, more can-kicking.

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SuperCore Inflation Soars In January, Services Costs Re-Accelerate As Govt Handouts Spike

ZeroHedge, Feb 29, 2024 – biggest MoM rise in Services inflation ex-shelter since Dec 2021

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Pending Home Sales Puked In January, Back Near Record Lows

ZeroHedge, Feb 29, 2024 – ...and December’s ‘surprise’ surge was revised down large. 

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Survey-Based Sentiment Slump Continues As Prices Paid Accelerates in Plunging Chicago PMI

ZeroHedge, Feb 29, 2024 – …not exactly election-winning headlines.

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Imagine a dynamic economic plan that grants U.S. citizens the same direct credit extensions that the Fed provided the Wall Street financial markets during the credit crisis of 2008-2010 and again in COVID downturn of 2021-2022.

Imagine millions of American families paying off trillions of dollars in mortgage debt, consumer debt, auto loans, student loan debt – and banks being suddenly ‘reliquified.’

And then imagine the U.S. banking sector looking for a place to earn a return as they wait patiently for loan demand (from now credit-worthy borrowers) to rebuild… over time.

Finally, imagine banks bidding on the highest form of AAA rated paper in the credit markets, U.S. Treasury bills and bonds and high-grade paper in the corporate bond market…

And then watch interest rates come back down. Watch the economy shift back into a long-term growth cycle, American families regain financial security, strength under-girds the U.S. Dollar.

Imagine an economic plan that generates $112.6 billion budget surpluses 2025-2029, and pays for itself entirely over a 10-15 year period.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (11788 downloads )

Stunning: “$834.2 billion in debt during Q3 to grow the US economy by $334.5 billion, or exactly $2.5 in debt for every $1 in GDP”

Question: Do Washington Democrats and Republicans have a plan to turn this looming economic shipwreck around…?

Does the Fed have a plan, or the U.S. Dept of Treasury…?

Answer: No, No, and No.

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US GDP “Grew” $334 Billion In Q4…. That Growth Cost $834 Billion In Debt

ZeroHedge, Feb 28, 2024 – Excerpts:

…First, according to the Biden admin, in Q4 GDP rose 3.2%, a modest drop from the 3.3% reported in the first estimate one month ago, and below the 3.3% consensus estimate.

While we already know this, the BEA reported that the increase in the fourth quarter primarily reflected increases in consumer spending, exports, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.

  • The increase in consumer spending reflected increases in both services and goods. Within services, the leading contributors were health care, food services and accommodations, and other services (led by international travel). Within goods, the leading contributors to the increase were other nondurable goods (led by pharmaceutical products) as well as recreational goods and vehicles.
  • The increase in exports reflected increases in both goods (led by petroleum) and services (led by financial services).
  • The increase in state and local government spending reflected increases in both investment (led by structures) and consumption expenditures (led by compensation of employees).

But what does that have to do with the bitcoin spike?

Well, a closer look at the data revealed something stunning: a quick look at the increase in nominal GDP, which rose from $27.61 trillion in Q3 to $27.94 trillion in Q4, shows that the US economy increased some $334.5 billion in absolute nominal dollar terms.

But where did this growth come from? Why debt of course, and a lot of it. For the answer how much debt, we go to the US Treasury’s Debt to the penny website, where we find that debt on Sept 30, 2023 was $33,167,334,044,723.16 and debt on Dec 31, 2023 was $34,001,493,655,565.48.

In other words, it cost $834.2 billion in debt during Q3 to grow the US economy by $334.5 billion, or exactly $2.5 in debt for every $1 in GDP “growth.” Source: BEA and US Treasury

Which also brings us back full circle and explains why bitcoin is now trading at $60,000, the highest price since late 2021 and why it will not only surpass its all time high in just a few days, but why it will rise much, much higher, because the US is now well past the point of no return.

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Main Street America Republicans do have a plan – with the power and reach to bring the U.S. back “from the point of no return” – to being once again the world’s premier free market economic powerhouse.

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 (11782 downloads )

Dear Washington Republicans – It is time to ‘wake up’ and begin winning the hearts and votes of America’s hard-working, tax-paying U.S. citizens..

Washington Republicans appear to be losing ground in America’s ‘election integrity’ battles, while at the same time offering ‘nothing’ to restore prosperity, reignite economic growth, maintain confidence in the American Dream – to win back the hearts, and votes, of U.S. citizens.

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GOP Efforts To Shore Up Election Security In Swing States Face Challenges

ZeroHedge, Feb 19, 2024  |  Authored by Steven Kovac via The Epoch Times

Excerpts: 

Massive voter fraud allegations that marred the 2020 election spurred a political and grassroots movement from coast to coast to pursue an array of election reforms designed to increase election integrity.

However, with just months left ahead of the 2024 election, Republicans say little was mended, especially in contested states where they thought fixes were needed most.

Much concern is centered around five key swing states that became the focus of 2020: Georgia, Pennsylvania, Arizona, Michigan, and Wisconsin.

Election reforms tend to follow party lines. Democrats commonly castigate increased election security measures as voter suppression, while Republicans often condemn laws and directives that loosen security as aiding and abetting voter fraud.

According to a report from the Brennan Center for Justice, a left leaning, non-profit, law and research foundation, 23 states enacted 53 laws relaxing election security restrictions in 2023, while 14 states enacted 17 laws tightening them.

The statistics suggest that Democrats are still winning the nationwide battle, as they have for the past several years. The report found the states that took the most actions to tighten election security are the places that already had security measures in place.

Of the 14 states that tightened voting procedures, President Trump won all but one (New Mexico) in both 2016 and 2020. The 14 states listed by the Brennan Center include Arkansas, Florida, Idaho, Indiana, Kansas, Mississippi, North Carolina, North Dakota, Nebraska, New Mexico, South Dakota, Texas, Utah, and Wyoming.

The methods by which Americans cast their ballots have changed markedly over the last four federal election cycles, with many people embracing election procedures such as no-excuse absentee voting, early voting, and same-day voter registration.

As early as 2005, the bipartisan Carter-Baker Commission raised concerns that mail-in voting was a vehicle for potentially significant election fraud, yet the method has since steadily grown.

In the 2022 election, half the states and territories allowed same-day voter registration.

In the election cycles before the pandemic, the EAC study said that nearly 60 percent of Americans voted in person on election day. In 2022, the figure was 49 percent.

Before the pandemic, mail-in ballot drop boxes were rare, with most being deployed in or around an election office. By 2022, there were 13,000 drop boxes being used in 39 states, with many boxes placed in settings that lacked security and surveillance measures.

Fifteen of the 39 states and territories using drop boxes, including Georgia, Michigan, Pennsylvania, Wisconsin, New York, and Maine, couldn’t report how many ballots were collected from their receptacles in 2022, the report said….

Despite the push by some election integrity activists for the hand-counting of ballots as a means to improve accuracy and security, the method was used by only 17.8 percent of jurisdictions in 2022, down from 20.7 percent in 2020.

And although chain of custody protections for ballots are being tightened in several states, dirty voter registration rolls—resulting in mail-in ballots being sent to ineligible people, undeliverable addresses, or multiple ballots being sent to the same individual—are still a widespread issue….

Georgia – The state of Georgia has been the scene of continuous controversy over the conduct of the Nov. 3, 2020, presidential election in which challenger Mr. Biden defeated incumbent President Trump by 11,779 votes (0.23 percent).

The persistent public outcry over alleged election fraud prompted the Republican-controlled Georgia General Assembly to pass the 95-page Georgia Election Integrity Act of 2021.

The declared purpose of the legislation is to apply “the lessons learned” in 2020 and “make it easy to vote and hard to cheat,” in the future.

An explanatory notation in the bill acknowledged that there was a “significant lack of confidence” in the state’s election systems stemming from persistent allegations of “rampant voter fraud” and “rampant voter suppression.”

The changes made in this legislation in 2021 are designed to address the lack of elector confidence in the election system on all sides of the political spectrum,” the notation said….

The act prohibits local officials from accepting non-government funds, grants, or gifts in connection with election administration.

In 2023, the Georgia legislature passed SB-222 to bolster the 2021 prohibition to make it a crime.

In protest to the new 2021 measures, Major League Baseball deemed them “restrictive,” and moved that year’s All-Star Game from Georgia to Colorado.

Georgia state Sen. Colton Moore, a Republican, said that although improvements have been made since 2020, much meaningful work is still needed.

Nothing of substance has changed since 2020. Every mechanism to facilitate a steal is still in place,” he told The Epoch Times. “We must work to eliminate the vulnerabilities still in place today.”

Mr. Moore also highlighted the “ridiculous” number of absentee ballots still used in Georgia elections and said they ought to be restricted to military personnel and medically disabled citizens. He said he was also worried about the institutionalization of the use of absentee ballot drop boxes, which he believes should be done away with altogether.

“We need to make it a legislative priority to stop authoritarian figures like [Fulton County District Attorney] Fani Willis from prosecuting people for merely questioning our elections. Her actions have created a chilling effect among my colleagues in the legislature,” he said.

“Unless we obtain a legislative solution soon, we must resolve to overcome fraud through an overwhelming turnout in November.”

Michigan

Right after being elected in 2018, Michigan’s Democrat Gov. Gretchen Whitmer used her veto power to shoot down nearly 20 election integrity reform bills sent to her desk by the then-Republican-controlled state legislature.

In the 2020 presidential election, President Donald Trump lost Michigan to Joe Biden by 154,000 votes or 2.8 percent.

Afterwards, judges in six different court cases found that Michigan’s Democrat Secretary of State Jocelyn Benson issued inaccurate or legally unauthorized guidance to local officials in the runup to the 2020 general election.

When Ms. Whitmer was reelected in 2022 and Democrats captured control of the legislature, within a year 12 new Democrat-sponsored election laws were enacted—all of which Republicans say loosen security.

The new Democrat-authored statutes extend automatic voter registration to other state agencies and offices beyond the Secretary of State’s office, which issues driver’s licenses in Michigan.

They liberalize online registration and allow a person to apply for an absentee ballot online. They permit 16-year-olds to pre-register to vote.

During the past several election cycles, Democrat activists, backed by out-of-state, big-money donors, effectively used the ballot initiative process to repeal existing election laws, enact new laws, and amend the state constitution. Two of the largest contributors were the Sixteen Thirty Fund ($11 million) and the George Soros-founded Open Society Foundation ($1.2 million)….

The initiative process was also used to weaken photo ID requirements by mandating that election officials accept an affidavit of identity signed by the prospective voter instead. It also enabled people to request to automatically receive an absentee ballot for every election in perpetuity, and it authorized taxpayer-funded, postage-free mailing for people returning absentee ballot applications or mail-in ballots….

The ballot proposals enacting these new laws were approved handily by the Michigan electorate at the polls.

Read the rest here…

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Dear Washington Republicans

It is high time for you to win over voters – and win elections – the old fashioned way, with powerful economic plans and strategies to: 1) Improve financial security and enact a sweeping debt relief plan for millions of American families (like you did for Wall Street’s banks and insurers during 2008-2010 and again during the Covid years 2021-2022); 2) Reduce the pressures on state and federal government agencies to continue expanding entitlement spending; 3) Get America’s snowballing federal deficits back under control; and 4) Minimize governmental intrusion into the daily affairs of U.S. citizens.

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America Leviticus 25 Plan 2025 (11646 downloads )

“The building of a free society…” – Fredrich A. von Hayek

Fredrich A. von Hayek: “We must make the building of a free society once more an intellectual adventure, a deed of courage…. Unless we can make the philosophic foundations of a free society once more a living intellectual issue, and its implementation a task which challenges the ingenuity and imagination of our liveliest minds, the prospects of freedom are indeed dark. But if we can regain that belief in the power of ideas which was the mark of liberalism at its best, the battle is not lost.” 

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To help make America’s rebuild a reality…

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (11499 downloads )

Welfare Expansion H.R. 7024 – Courtesy of 169 Republicans and 188 Democrats in U.S. House of Representatives.

Clerk of the United States House of Representatives – Roll Call vote H.R. 7024 (see how your Representative(s) voted): https://clerk.house.gov/Votes/202430?RollCallNum=30&BillNum=H.R.7024

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169 Republicans Vote to Expand Welfare, Bill Heads to Senate January 31, 2024 – Excerpts:

169 Republicans joined 188 Democrats to expand welfare. There were only 47 no votes from Republicans.

More Welfare

.@RepThomasMassie on the welfare tax bill: “There’s something in this bill called ‘tax credits,’ but they’re also called ‘refundable.’ So what is a refundable tax credit?

It’s welfare by a different name. We are going to give cash payments, checks to people who don’t even pay… pic.twitter.com/lZGZYImGus | — Rep. Matt Gaetz (@RepMattGaetz) January 31, 2024

“There’s something in this bill called ‘tax credits,’ but they’re also called ‘refundable.’ So what is a refundable tax credit? It’s welfare by a different name. We are going to give cash payments, checks to people who don’t even pay taxes. The hard-working constituents that I represent in Kentucky are tired of getting up at 6am, driving an hour or two to work, working their hind ends off to watch their neighbors collect these checks, of which there will be more of after this bill. It’s just wrong.”…

Where Socialism Works

“SOCIALISM ONLY WORKS TWO PLACES — HEAVEN
WHERE THEY DON’T NEED IT — AND HELL WHERE THEY ALREADY HAVE IT” ~RONALD REAGAN

The Wall Street Journal comments on The GOP’s Spending Boost for Biden

Mind Boggling SupportSocial Security and Medicare spending climbed 12% to 13% in the first three months of this fiscal year compared to last. Sweetened subsidies are boosting ObamaCare enrollment. Growing entitlement spending is one reason that government, healthcare and social assistance accounted for more than half of the net new jobs in December, according to the Bureau of Labor Statistics.

The deficit would be even larger if not for the Internal Revenue Service holding back a wave of more stimulus. The agency in September paused processing new claims for the Covid-era Employee Retention Credit owing to concerns over abuse and fraud. By one estimate, the IRS has a $244 billion backlog of claims, which will flood the economy when the IRS processes them.

All of this spending contributes to GDP, at least in the short term. But much of this isn’t productive growth that will improve living standards in the long term, and the bills for all this spending will probably be paid in higher taxes.

That’s why it’s mind-boggling that House Republicans want to help Democrats throw another deficit party … tax credit and extend some business tax breaks through 2025.

Democrats have signed on because they view the child-credit provisions as a down payment on a guaranteed annual income and want to boost flagging business investment this year. The political mystery is why Republicans want to add their signature. The tax bill negotiated by Democrat Ron Wyden and GOP Rep. Jason Smith is another in-kind contribution to the Democratic re-election campaign.

The legislation now heads to the Senate. If the Senate Republicans hoist another surrender flag, Biden would sign the bill.

But it takes 60 votes in the Senate. That’s not a given.

Senators are haggling over spending and immigration legislation. They are scheduled to be on recess for two weeks starting Feb. 12, and aides don’t expect lawmakers to consider the tax bill before then.

“I’m certainly not just willing to let the House pass something and then say, ‘Oh well, we’ll just take that,’” said Sen. John Cornyn (R., Texas), who said he doesn’t feel any urgency to advance the bill. “The price we’re having to pay is pretty outrageous.

The price is not pretty outrageous, it’s very outrageous.

Question of the Day – Of what possible use are Republicans when the majority vote like Democrats?…

In case you haven’t figured this out, it’s highly inflationary.

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Note: According to the Wall Street Journal, Jan 17, 2024, “The overall deal would cover the 2023, 2024 and 2025 tax years and cost roughly $78 billion.”

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Main Street America Republicans have a powerful alternative plan.

This Plan will lift working Americans up out of poverty and reduce dependence on government. It will revive a macro economic environment in America where federal, state and local governments will be able to cut taxes for families and small businesses, rather than continually dipping into the budget-busting tax credits ‘cookie jar.’

This Plan will reduce entitlement spending, restore financial security for America’s hard-working, tax-paying U.S. citizens, and, most importantly, generate $112.6 billion federal budget surpluses annually (2025-2029).

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (11487 downloads )

Debt-fueled GDP Growth – Dangerous, Unsustainable. Ready to Launch: America’s Powerful, Debt-busting Economic Acceleration Platform – The Leviticus 25 Plan

The GDP Number Was Great… There Is Just One Huge Problem

ZeroHedge, Jan 25, 2024

It now takes $1.55 in budget deficit to generate $1 of growth… and it takes over $2.50 in new debt to generate $1 of GDP growth! 

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The Great Growth Hoax – ZeroHedge, Jan 28, 2024

Excerpts / Insights – Q4 GDP Report:

Peter St Onge writes it up and it is a doozy: “Fresh GDP numbers came in and it was a blowout. The kind of blowout that only a $2.7 trillion government deficit can buy while the private economy crumbles around it. Another couple blowout GDP reports like this and Americans will be living under an overpass.”

The essential ruse comes down to unfathomable amounts of government spending that is being recorded as productivity and output, and interpreted by media as growth. “In the past 12 months the federal deficit increased by $1.3 trillion. Yet we only got half that in GDP—about $600 billion. In other words, everything else shrank. It’s even worse for that brave and stunning Q4—there we got just $300 billion in extra GDP for—wait for it—$834 billion of new federal debt.”

To put a fine point on it: “Essentially, [GDP is measuring] the pace at which we’re going Soviet, replacing private wealth with government waste.” In his interpretation of the data, we are destroying wealth at the fastest rate since 2008.

An analysis by ZeroHedge echoes the same thought.

“While Q4 GDP rose by $329 billion to $27.939 trillion, a respectable if made up number, what is much more disturbing is that over the same time period, the US budget deficit rose by more than 50 percent, or $510 billion. And the cherry on top: the increase in public US debt in the same three month period was a stunning $834 billion, or 154 percent more than the increase in GDP. In other words, it now takes $1.55 in budget deficit to generate $1 of growth… and it takes over $2.50 in new debt to generate $1 of GDP growth!”

To further the analysis, and doing the math: “[E]very dollar in GDP growth cost $1.69 in new debt, and also means that every new job cost future generations of Americans $957,100.48.”

To say this is unsustainable is more than obvious. It is a disaster and this is dragging American prosperity into the pits, if by prosperity you mean quality of life. No matter how many gizmos to which you have access, the resources for living a good life are depleting very fast. The idea of a one-income family is nearly extinct, whereas it was the norm three-quarters of a century ago…

The United States has been the world center of technological innovation during these years, and the historical home for free enterprise and entrepreneurship. We should have had the greatest boom times in our history! Instead, government stole all that energy for itself. It’s a tragedy…

On the good side, we are seeing the evaporation of trust in media, medicine, academia, and government. Large media organizations are laying off workers in droves just to survive, and the woke agenda generally seems on the ropes.

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Again: “To say this is unsustainable is more than obvious. It is a disaster and this is dragging American prosperity into the pits, if by prosperity you mean quality of life. No matter how many gizmos to which you have access, the resources for living a good life are depleting very fast. The idea of a one-income family is nearly extinct, whereas it was the norm three-quarters of a century ago.”

Washington Democrats are feeding America’s debt-binged economic decline.

Washington Republicans have no credible counter-plan to get America’s mushrooming debt cycle back under control and get the U.S. economy back on track. This is one of the most shameful episodes in the history of the GOP.

Main Street America Republicans do have a plan…

The Leviticus 25 Plan will generate average annual budget surpluses of $112.6 billion in each of its first five years of activation (2025-2029) vs current CBO-projected average annual deficits of $1.795 trillion for the same period.

This represents an astounding $1.9 trillion positive budget gain annually (2025-2029) for the U.S. federal budget.

Summary Details:

·  The Leviticus 25 Plan 2025 Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 1: Overview, Deficit Projection

·  The Leviticus 25 Plan Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 2: Federal Income Tax Recapture; Economic Security / Means-Tested Welfare Recapture.

·  The Leviticus 25 Plan Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 3: Medicaid, Medicare, VA, TRICARE, FEHB, SSDI Recapture

·  The Leviticus 25 Plan Generates $112.6 Billion Federal Budget Surpluses Annually (2025-2029). Part 4: Interest Expense Recapture, Totals Summary

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (11474 downloads )

America’s Soaring Debt Profile and the Extraordinary Master Plan Solution…

America is on track for debt-fueled economic chaos in the years ahead – with an endgame conversion to a Central Bank Digital Currency system.

Thankfully, there is a pathway out of this tangled, intractable fiscal quandary….

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US Budget Deficit Soars By 50% In December As Fiscal Collapse Under Biden Accelerates – ZeroHedge, Jan 12, 2024 – Excerpt:

As for the final, and most shocking, data point, the December budget deficit of $129.4 billion was more than $40BN higher than the $87.5BN median estimate, and was more than 50% higher compared to the $85BN December deficit in fiscal 2022.

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US National Debt:  $34.058 T

US Federal Debt to GDP Ratio: 122.29%

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U.S. Household Debt – record high: $17.29 T

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Credit Card Debt Surged To Fresh Record High in November

By Diccon Hyatt | Investopedia | Published January 08, 2024

Key Takeaways

  • Consumer debt surged $23.8 billion in November, most of that due to a $19.1 billion increase in revolving debt, mainly credit cards.
  • The debt is increasingly burdensome for households, with interest rates on credit card debt averaging more than 21%, the highest in decades.
  • Some households are under increasing financial pressure and falling behind on their bills, with delinquencies for credit cards and car loans having recently surpassed pre-pandemic levels

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Washington Democrats’ Plan: Expand federal and state government-based social programs, expand federal bureaucracy. No plans of record to constrain spending, bring budget deficits back under control.

Washington Republicans’ Plan: No credible, politically feasible economic strategy to constrain spending enough to have any material effect on budget deficits. No plan to protect the purchasing power of the U.S. Dollar and maintain its status as the world’s reserve currency. No plan to address America’s long-term public and private debt leverage issues.

Washington Republicans have the opportunity of a lifetime to present a master plan to dig America out of its cavernous debt hole and restore the American dream – and they have nothing.

Main Street America Republicans do have a plan – an economic acceleration masterpiece that will: 1) Generate massive new tax revenue flows, cost savings, and multi-billion dollar budget surpluses each of the first five years of activation; 2) Set the U.S. Dollar back on track for long-term strength and stability; 3) Eliminate trillions of dollars in Household Debt and restore financial security for millions of American families; 4) Revitalize economic growth, strengthen the U.S. banking system; and 4) Restore economic liberty and free market economics in the United States.

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 (11268 downloads)

Americans “Ensnared” in the Welfare System.

America needs a new plan – one that offers a helping hand ‘up out of poverty,’ rather than the perpetuating the current system that “severely punish work effort,” promote continual dependence on government, and stifle the human spirit.

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Welfare Benefits and the ‘Disincentive Desert’ – WSJ

How Americans become ensnared in the system.

WSJ Letters – Dec. 11, 2023 – Excerpts:

Phil Gramm and John Early’s “Another Wrong Way to Measure Poverty” (op-ed, Dec. 6) is notable for revealing how poverty rates are artificially inflated by the Census Bureau by excluding most social-welfare benefits. When all the benefits are counted, the authors contend, “the percentage of Americans living in poverty falls to only 2.5%.”

…. While Americans may be more comfortable than census numbers suggest, the authors miss the poverty of opportunity that occurs once people become ensnared in the social-welfare system.

Consider a 2022 study by economist Ed Dolan. He gives the case of a hypothetical Boston family with one adult, two young children and an income of $22,000, which is at that group’s official poverty level. The family qualifies for around $66,000 in social-welfare benefits, which certainly brings it out of poverty.

But here’s the rub: Even if the family’s income doubles to $44,000, the social-welfare benefits collectively roll back $1.03 for every marginal dollar earned over this range, leaving the family worse off in total wages and benefits. Our research calls this phenomenon a “disincentive desert,” (as opposed to the much-studied “benefits cliff”), since this is equivalent to an extremely high and persistent tax on work effort, ranging from 90% to 110%, across long spans of income.

As a result, many low-income Americans are left comfortably numb in a social-welfare state that severely punishes work effort and stifles the imagination for what life might be. I contend that rather than focusing on living standards at a point in time, we should see that life without hope of economic progress is the ultimate definition of poverty. Policies that address this issue are the key to reviving downward trends in labor-force participation. –Prof. Craig J. Richardson, Winston-Salem State University

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (11262 downloads)

U.S. Banks: “No Stability, No Investment, No Growth” – More Job Cuts Coming. Solution: The Leviticus 25 Plan

Cash balances at U.S. banks are dangerously thin…

Banking Crisis Plays out at America’s Smallest Lenders  WSJ 12-27-23

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Banks Terminate 60,000 Workers In One Of The Bleakest Years For The Industry Since 2008

ZeroHedge, Dec 27, 2023 – Excerpts:

The collapse of three US regional banks – First Republic Bank, Silicon Valley Bank, and Signature Bank – marked some of the largest failures in the banking system since 2008. Central banks contained the “mini-crisis” earlier this year with forced interventions and the mega-merger of Credit Suisse and UBS. Despite the interventions, global banks still axed the most jobs since the global financial crisis. 

A new report from the Financial Times shows twenty of the world’s largest banks slashed 61,905 jobs in 2023, a move to protect profit margins in a period of high interest rates amid a slump in dealmaking and equity and debt sales. This compared with the 140,000 lost during the GFC of 2007-08.

“There is no stability, no investment, no growth in most banks — and there are likely to be more job cuts,” said Lee Thacker, owner of financial services headhunting firm Silvermine Partners. 

FT noted that corporate disclosure data and its independent reporting did not include smaller regional bank cuts, indicating total job loss could be much higher. 

At least half of the job cuts came from Wall Street lenders struggling with Western central banks’ most aggressive interest rate hikes in a generation. 

The most significant cut of any single bank was at Switzerland’s UBS.

Morgan Stanley reduced jobs by 4,800, Bank of America by 4,000, Goldman Sachs by 3,200, and JPMorgan Chase by 1,000. As a whole, Wall Street cut 30,000 workers this year. 

“The revenues aren’t there, so this is partly a response to overexpansion. But there is also a simpler explanation: political cost-cutting,” said Thacker. 

Gaurav Arora, global head of competitor analytics at Coalition, warned: “We expect full-year 2024 to be a continuation of the story of 2023.”

Arora’s view of further turmoil aligns with our two recent notes: Banks’ Usage Of The Fed’s Bailout Facility Soars To New Record High and Large Bank Deposits Rise As Money-Market Outflows Accelerate, Small Banks Still Stressed

“We see banks getting more conservative,” Arora concluded. 

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Navigating the Waters: The Current State of Distressed Debt

Wilmington Trust, Mar 16, 2023 The macro picture for distress

Many loan market analysts have taken a dim view of the distressed space in the next two years. Fitch, for example, sees a band of 2023 institutional leveraged loan default rates between 2.5%–3.0%. They project $47 billion of defaults in 2023 at the midpoint of their forecast.1

Deutsche Bank is more pessimistic, expecting a 5.6% default rate in the United States and a 3.7% rate in the euro market in 2023. Per their estimates, default rates on U.S. leveraged loans will hit a near-record high of 11.3% in 2024, while defaults on euro-leveraged loans will hit 7.1%.2

Undoubtedly, the economic climate is harsh for borrowers. A complex economic cycle continues to spin. Wilmington Trust’s 2023 Capital Markets Forecast highlights an inflationary vortex driven by labor, China, and energy, which creates structural stress.3 This vortex and the resulting monetary policy are exerting its pull across companies’ capital structures.

Mortgage delinquencies – “About five million U.S. households were estimated to be behind on their last month’s mortgage repayment in June 2023. Homeowners between 40 and 54 years made up over 1.8 million households late on their payment. Second in rank were roughly 1.5 million homeowners between 25 and 39 years” -Statista, Jul 23, 2023

According to Kipplinger, “the delinquency rate for conventional loans increased 21 basis points to 2.5%, while the rate for FHA loans increased 55 basis points to 9.5%. The delinquency rate for VA loans increased 6 basis points to 3.76%.”

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The Leviticus 25 Plan provides direct liquidity extensions to qualifying U.S. citizens, through a Fed-based Citizens Credit Facility, for the express purpose of massive ‘ground-level’ debt elimination.

This process will provide the banking system with massive new inflows of liquidity to strengthen cash reserves, solve a majority of banks’ distressed debt and delinquent mortgage issues, allow banks to rectify a significant proportion of their ‘maturity mismatch’ issues with fresh purchase of Treasuries and other high-grade credit instruments yielding significantly higher yields.

The Leviticus 25 Plan will generate federal budget surpluses of $619.5 billion each of the first five years following activation, and pay for itself over a 10-15 year period.

It will generate long-term economic growth – not dependent upon debt issuance.

It will restore financial security for millions of American families – and reduce dependence on government programs.

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

$60,000 per U.S. citizen – Leviticus 25 Plan 2023 (10650 downloads)

Fed’s ‘Bank Temporary Funding Program’ (BTFP) Hits ‘Record High’ Demand

The BTFP has been running hot for the past 10 months, and is now surging up to new record highs. Banks with accounts at the Fed are also able, in the process, to engage in an arbitrage play by ‘borrowing’ funds and then immediately redepositing them with the Fed to earn ”free interest in the process.

America’s hard-working, tax-paying U.S. citizens should be so fortunate.

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Banks’ Usage Of The Fed’s Bailout Facility Soars To New Record High

ZeroHedge, Thursday, Dec 21, 2023 – Excerpts:

Usage of The Fed’s BTFP bank bailout facility soared again last week, jumping $7.5BN to $131BN…

Source: Bloomberg

……An arbitrage for banks is growing more attractive thanks to traders who are betting the Fed will aggressively cut interest rates in 2024.

The rate on the Fed’s Bank Term Funding Program – which allows banks and credit unions to borrow funds for up to one year, pledging US Treasuries and agency debt as collateral valued at par – is the one-year overnight index swap rate plus 10 basis points.

That figure is currently 4.88%, down from 5.17% on Dec. 13.

For institutions that have an account at the Fed, they can borrow from the BTFP at 4.88% and park that at the central bank to earn 5.40% – the interest on reserve balances.

The 52bp spread matches the widest level since the Fed introduced the facility to support a struggling banking system after the collapse of California’s Silicon Valley Bank and Signature Bank in New York.

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Bank Term Funding Program: Definition, Why It Was Created

By Adam Hayes, Ph.D., CFA | Investopedia – March 23, 2023 Excerpt:

The Bank Term Funding Program (BTFP) is an emergency lending program created by the Federal Reserve in March 2023 to provide emergency liquidity to U.S. depository institutions. It was established in response to the sudden bank failures of Signature Bank and Silicon Valley Bank, which were the largest such collapses since the 2008 financial crisis.

The program was created to support depositors, such as American businesses and households, by making additional funding available to eligible institutions to help assure that banks have the ability to meet the needs of all their depositors.

The BTFP offers loans of up to one year in length to U.S. banks, savings associations, credit unions, and other eligible depository institutions that pledge U.S. Treasuries, agency debt, mortgage-backed securities (MBS), and other qualifying assets as collateral.

The BTFP is intended as a temporary emergency measure and is set to wind down on March 11, 2024, unless renewed by the Federal Reserve.

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Depository institutions remain in serious need of emergency funding.

Main Street America is also in serious need of liquidity – and, neither the Fed or the U.S. Congress has any plan to address those growing needs.

“According to CNBC, while three-quarters of individuals earning $50,000 or less are living paycheck to paycheck, 65% of those earning $50,000 to $100,000 are in the same predicament. Of those earning $100,000 or more, 45% reported living paycheck to paycheck” (Yahoo Finance).

Total Household Debt rose to $17.29 trillion in Q3 2023; Driven by mortgages, credit cards, and student loan balances.

Small business bankruptcies in 2023 have been accelerating.

The Leviticus 25 Plan offers a dynamic economic reset for America – with direct liquidity extensions to qualifying U.S. citizens to eliminate vast expanses of ground-level debt across America, mortgage debt, installment debt, credit card debt, and student loan debt.

Depository institutions will, in the process, receive their much needed liquidity – after it has passed through the hands of U.S. citizens.

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

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

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (10518 downloads)