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August 2020

 

By Anthony J. Sanders

 

Health and Welfare (HaW)

 

To supplement Chapter 3 National Home for Disabled Volunteer Soldiers §71-§154. To treat the COVID-19 pandemic by passing the included Hydrocortisone, Eucalyptus, Lavender, or Peppermint (HELP) Act before there are any more snot nose child deaths in the 2020-2021 school year. To devaluate the dollar by the $1.5 trillion amount of the Relief Acts, including forgiveness of the up to $10 billion postal service and $250 billion state unemployment compensation loans, plus whatever it takes to reduce the usual deficit to less than 3 percent of GDP, no more than -$596 billion FY 21, less +/- $133 billion foreign currency reserve, as a percent of recovering $19.9 trillion GDP, a $1.6 trillion, 8.2 percent devaluation if the tax measures are passed or $1.8 trillion, 9.0 percent devaluation without taxes FY 21 pursuant to the Marshall Lerner Condition under 19USC§4421 and 22USC§5301 et seq . To limit global -10 percent economic contraction to less than -2 percent, because instead of causing a reduction in prices, such as UN assessment of devaluating nations in 2019, devaluation of the US dollar should uniquely appreciate the size of the dollar backed global economy by the amount the dollar is devaluated, except for real US GDP pursuant to 2020 Revised estimates: effect of changes in rates of exchange and inflation Report of the Secretary-General A/74/585 of 11 December 2019. To continue to devaluate to maintain a deficit less than 3 percent of GDP until the TCJA expires in 2025, when the advantage of taxing is the deficit would certainly be less than 3 percent of GDP. To stop passing relief acts while addicted to speed (ephedrine). To close the loophole on energy export tax by amending 26USC§4612(b) to ‘In addition, there is imposed a flat 5% energy export tax (feet) by the UN Arrears and Certain Iranian Assets Bill of 2020.’ under 26USC§7201. To pay for a third of expiring pandemic compensation beneficiaries without depleting the neglected DI trust fund, it is necessary to close the OASDI tax loophole for the rich and state employees beginning as soon as October 1, 2020 and no later than January 1, 2021 to pay for COVID-19 disabled workers and create an SSI Trust Fund to end child poverty by 2024 and all poverty by 2030 by repealing the Adjustment to Contribution Base at Sec. 230 of the Social Security Act under 42USC§430.  To improve the accounting of outlays, surplus or deficit and debt, the Combined Statement must exclude lending and interagency transfers from agency budget requests in a new and improved outlay overview table, for equal treatment with receipts by source category pursuant to 2USC§661a(5)(A)(C). To sustain 3 percent growth in federal education outlays, exclude privately financed student lending operations from the budget request total and make the education budget rows historically consistent to facilitate auditing FY 22. To sustain 3 percent growth in federal outlays for Housing and Urban Development it is necessary to adopt a method of accounting overview that distinguishes the revenues and outlays of federal and private programs. To sustain 2.5 percent growth in public land agencies and 3 percent growth in Indian affairs outlays without trauma, it is necessary for the Interior Department to quantify and distribute their profit. To end the trade war it is necessary for tariffs to be reduced 0.97 annually from 2016 levels pursuant to the Swiss Formula for Unilateral Tariff Reduction (2007). To change the name of Homeland Security to Customs, make Federal Emergency Management Administration (FEMA) a historically accounted Cabinet agency, transfer the Secret Service to Treasury FY 21 and account for total Customs revenues in the Combined Statement and total outlays in the Budget-in-Brief. To reauthorize the Census Bureau Annual Statistical Abstract.