Executive Summary the American Transportation Act (ATA) National and State Plan

The American Transportation Act (ATA) advocates a debt-free approach to funding public roads and bridges without relying on taxes or borrowing, while critiquing the current debt-based monetary system. View the 6-page ATA at: www.debtfreemoney.org/wp-content/uploads/2024/04/ATA-Fully-Funding-website-.pdf

The Need for Debt-Free Infrastructure Funding

The ATA emphasizes the urgent need to restore America’s infrastructure without resorting to taxes or borrowing. It proposes a system where money is created and spent, not lent, to fund construction and maintenance of public roads and bridges.

• Urgent restoration of America’s public roads and bridges is necessary for safer, more efficient, less costly transportation, freedom, prosperity, and independence.
• Proposes building public roads and bridges without borrowing, taxes, or cuts to current programs.
• Labor, materials, and knowledge for sustainable infrastructure exist but are hindered by lack of money.
• Urges Congress to Combine two of America’s founding intents: to promote the general Welfare and secure the Blessings of Liberty with Congressional authority to coin money and establish Post roads per Article I, Section 8, Clauses 5 and 7 of the United States Constitution.
• Postulates, if Congress created money debt free, only for production that promotes the General Welfare, there would be no need for taxes.

Principles of Debt-Free Money Creation

The ATA outlines the principles and benefits of creating money as wealth vs. debt, contrasting it with the consequences of the current debt-based system. It highlights the historical shift from a wealth-based money system to one that creates money as interest bearing debt.

• The Principle. Money should be created debt-free only by monetizing production everyone needs, uses, and benefits from mutually, which promotes the General Welfare.
• Historical context: Shift from the principle of Free coinage (1792 Coinage Act) to debt-based money due to banking industry influence.
• Current system forces Americans into debt to obtain money, violating the American Spirit, Intent, and the 13th Amendment.

Current Debt-Based Money System

This section describes the existing system where money is created through interest bearing loans, creating economic servitude and how the banking system controls the money supply, creates unpayable debt and other negative consequences.

• Money is created when loans are issued. Money is extinguished and retired from circulation when loans are paid back. This leads to economic booms and busts as well as a continuous cycle of never-ending debt.
• Banks create money by adding numbers to accounts, which are interest bearing loans owed to them.
• Because money to pay interest is never created, and interest and debt continues compounding, the current system results in a growing debt that always exceeds the money supply. Therefore, the debt can never be paid back. This then causes economic strain and spiritual, moral, ethical, legal, and social corruption. This also explains why the combined government, business and personal US total debt is 105 trillion, the US National debt is 38 trillion, and the US M2 money supply is only 22 trillion, which is not nearly enough to pay the US National debt of 38 trillion, much less the combined total debt of 105 trillion.

The Proposal for a Debt-Free Money System

The ATA advocates for a return to the principle of a wealth-based money system where money is spent into circulation as a final, debt-free payment representing the wealth of our nation. To achieve this, it suggests monetizing public roads and bridges, our nation’s circulatory system.

• Proposes creating new money without debt to fund public roads and bridges.
• Money should represent wealth produced and owned by citizens and promote the general welfare.
• Citizens would benefit from infrastructure without incurring taxes, fees, or cuts to other programs.

Legislative Framework for Debt-Free Money

The proposed Federal bill, the “American Transportation Act,” at: aims to restore the power to create money to Congress and includes provisions for abolishing the Federal Reserve Act, fractional reserve banking, IRS and income tax, dealing with current foreign and domestic debt while implementing a new money creation system.

• The ATA aims to secure Americans’ rights to a debt-free medium of exchange which promotes Life, Liberty, the pursuit of Happiness and the ability to do commerce without having to be in debt.
• New money would be created for public road and bridge projects without taxation or borrowing.
• In this process, the money supply only increases with productivity gains.

A State Based Plan

State Chartered Banks can create new money to fund Road and Bridge Projects as a bookkeeping entry. State Legislatures control and oversee State Chartered Banks.

• The legislation mandates establishment of asset-monetizing accounts in State Chartered Banks for Road and Bridge Projects.
• The Proposal aims to eliminate the need for fuel taxes, vehicle fees, and other traditional funding methods.
• It requires ongoing auditing and public transparency regarding the amount of money created for these projects.
• The approach is designed to provide citizens with confidence in the funding process.
• A Pilot Project is to be implemented to ensure successful execution of the proposed legislation.

Economic Implications of the Current System

This section discusses the negative consequences of the current debt-based monetary system, including debt bondage, growing money shortages, rising costs of living, social and political decay. It makes clear the current monetary bondage system is contrary to the American Spirit, Intent and Foundation of Freedom and creates economic servitude, societal issues, and destruction.

• The current system causes rising costs of living and loss of purchasing power.
• Economic servitude leads to social issues like crime, family breakdown, and moral decay.
• The need for constant borrowing creates stress and contention in society.

Conclusion: A Call for Change

The proposal concludes with a call to return to the PRINCIPLE of a debt-free money system to restore American freedom and prosperity. It emphasizes the importance of creating money that represents wealth rather than debt; what we OWN not what we OWE.

• Advocates for a shift back to a wealth-based money system for economic freedom.
• Emphasizes true American values support a debt-free medium of exchange.
• Calls for legislative action to implement these changes for the benefit of all citizens that promotes the general Welfare and secures the Blessings of Liberty.