This is a plan to retire the national debt, and turn it into a spendable asset via a "Federal Credit Receipt" (FCR). The plan will provide $19 trillion to the States, with Texas at the front of the line. Example "pilot program": Social Security Administration (SSA) turns in some of their bonds to the Treasury, the Treasury issues them a Federal Credit Receipt. The FCR can then be redeemed through a committee with oversight and cross-jurisdictional decision-making. For example, a Texas Stock Market could be created and shares passed back to the SSA, redeeming the FCR, and retiring the debt. The technique is similar to what Wall Street does every day, and to protect from financial predators, I am suggesting the formation of a "Credit Review Commission" as part of the Texas Treasury, with members of that Commission from the relevant agencies and jurisdictions. I have begun discussions at many appropriate offices, however, need some assistance. We have $19 trillion to spend.
I think you might have gotten this brilliant idea from a former Texas company named by the name of Enron? It makes as much sense as their accounting did.
That would circumvent the Federal Reserve Bank. The last time a president did that was in 1963 when JFK issued red notes and made an effort to issue debt straight from the Treasury. We know what happened to him in November 1963.