COVER SHEET Warren Global Corp's Millennium Agency Reform Package ("Millennium") Today's Date>>> 7/Aug/15 Page 1 of 10 FDIC's FDIC's Today's National Debt>>> $18.335 trillion Monthly Revised All projections over 10 years (with breakevens in a year or less) FDIC's Budget CAGR through 2024>>> 11.48% Budget Monthly Millennium FDIC Investment $218 million (one-time investment) Baseline FDIC Millennium New Burn Burn Millennium FDIC Budgets over 10 years $39.681 billion Budgets through Budget Cuts Budgets Rate Rate Millennium Ten Year Benefits to the FDIC $25.987 billion 2024 for the FDIC for the FDIC (millions) (millions) Millennium Annual Benefits to the FDIC $2.599 billion No Solution using Millennium using Millennium No Solution using Millennium Millennium Monthly Benefits to the FDIC $216.558 million 2015 $2,318,696 $1,518,514 $800,182 $193 $67 Millennium New Revenue Contribution TBD in billions 2016 $2,584,882 $1,692,839 $892,043 $215 $74 Current US National Debt $18.335 in trillions 2017 $2,881,627 $1,887,177 $994,449 $240 $83 Millennium Composite Agency Debt Reduction $22.809 in trillions 2018 $3,212,438 $2,103,825 $1,108,612 $268 $92 Millennium Projected 2024 Debt (Surplus) ($4.474) in trillions 2019 $3,581,225 $2,345,344 $1,235,881 $298 $103 Millennium prepares financials under GAAP, XBRL, and IFRS , using US domestic and foreign taxonomies 2020 $3,992,350 $2,614,590 $1,377,760 $333 $115 2021 $4,450,672 $2,914,745 $1,535,927 $371 $128 Benefits Follow (see Benefits Summary) 2022 $4,961,609 $3,249,358 $1,712,251 $413 $143 2023 $5,531,202 $3,622,384 $1,908,818 $461 $159 This Agency Reform initiative will trim $22.809 trillion from existing 2024 $6,166,184 $4,038,234 $2,127,950 $514 $177 agency overhead, leaving us with a surplus of ($4.474) trillion in 2024 Totals>> $39,680,884 $25,987,011 $13,693,873 Minneapolis-based Warren Global Corp's Millennium Cost Containment and Revenue Production Agency Reform Package ("Millennium") is a 21st century combined overhead reduction and software solution for the FDIC. Warren Global Corp has over twenty-five (25) years of experience and expertise in developing systems and procedures within corporate America and has more recently introduced its Millennium Reform Package to a variety of House and Senate committees/subcommittees who regulate a wide range of agencies within the Obama Administration. Eighteen (18) such agencies have been identified as candidates for Agency reform and FDIC is one of them. There are two (2) fundamental components of relief available through Millennium that is, the ability of running any targeted agency (in this instance the FDIC) in a highly cost-contained manner, and in so doing, to exchange cost contained operation for new cash flow through a Revenue Generation Module, where such cuts and new revenue will allow the agency to bolster its cash position independent of appropriations. As an index of Millennium's ability to trim overhead, we ask that FDIC management take notice to a graphic on page 4 of this spreadsheet, where we show the combined effects of agency reform among eighteen (18) agencies reducing our national debt (currently at $18.335 trillion) to an estimated surplus of $930 billion by 2023, and $4.474 trillion by 2024. Because Warren Global Corp has worked closely with congressional committee members charged with agency reform initiatives, we are keenly aware of the administration's spending proclivities and in particular with excessive spending at the agency level. This has justified and driven our development of Millennium For the most part, the FDIC, like many other agencies, have been using 20th century systems to handle 21st century problems, all of which has driven agency costs sky-high. We ran the numbers for 10 years starting in 2015 based on a fiscal year 2015 budget of $2.318 billion which, for a ten (10) year projection (at an 11.48% CAGR) will call for total budgeting of $39.681 billion thru 2024. Using Millennium, that same 10 year budget for the FDIC could be reduced to $13.693 billion without a compromise in service to the administration. Why Millennium and why the urgency of funding this project? NOTE (above) that the FDIC is instantly "burning cash" at $193 million monthly which Millennium will "cut" to $67 million monthly- this means a dramatic reduction in appropriations to run the FDIC. Second, of instant concern, are the additional demands being brought upon the FDIC as a consequence of Dodd-Frank, all of which will continue to burden the FDIC without a solution in place that trims overhead while exchanging reduced overhead for new surplus cash. Millennium requires three (3) months for installation and if we can timely fund this project, we will soon start running the FDIC far more efficiently than ever before. In addition to the afore-mentioned cost containment opportunities to reform the FDIC, are surplus revenue opportunities via Millennium's Surplus Revenue Generator module. In addition to Revenue Generator generates surplus revenues over 10 years where such revenues may be used, along with companion cuts, to pay down a rather sizable national debt currently at $18.335+ trillion. Millennium requires a one-time investment of $218 million which is slightly in excess of running the FDIC (as is) for just one month. In addition to the benefits offered the FDIC by Millennium, there are other agencies which have been identified capable of generating similar benefits to those at the FDIC. We invite your attention to page 4 which identifies eighteen (18) such agencies, inclusive of the FDIC, where overhead cost reductions (and thereby new cash flow produced by Millennium) will reach $22.809 trillion over the next decade. Such benefits would be available to reduce our national debt , our deficit, and lessen the burden upon all taxpayers moving forward. A Master Milestone Schedule describing all time-dimensioned events which must be executed to install and test Millennium over a three (3) month time frame will be prepared and reviewed with FDIC management once the project is funded. Any questions, just call us at 763 310-4885 or send us an email at [email protected].
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COVER SHEET Warren Global Corp's Millennium Agency Reform Package ("Millennium") Today's Date>>> 7/Aug/15 Page 1 of 10
FDIC's FDIC's Today's National Debt>>> $18.335 trillion
Monthly Revised All projections over 10 years (with breakevens in a year or less)
FDIC's Budget CAGR through 2024>>> 11.48% Budget Monthly Millennium FDIC Investment $218 million (one-time investment)
Baseline FDIC Millennium New Burn Burn Millennium FDIC Budgets over 10 years $39.681 billion
Budgets through Budget Cuts Budgets Rate Rate Millennium Ten Year Benefits to the FDIC $25.987 billion
2024 for the FDIC for the FDIC (millions) (millions) Millennium Annual Benefits to the FDIC $2.599 billion
No Solution using Millennium using Millennium No Solution using MillenniumMillennium Monthly Benefits to the FDIC $216.558 million
2015 $2,318,696 $1,518,514 $800,182 $193 $67 Millennium New Revenue Contribution TBD in billions
2016 $2,584,882 $1,692,839 $892,043 $215 $74 Current US National Debt $18.335 in trillions
2023 $5,531,202 $3,622,384 $1,908,818 $461 $159 This Agency Reform initiative will trim $22.809 trillion from existing
2024 $6,166,184 $4,038,234 $2,127,950 $514 $177 agency overhead, leaving us with a surplus of ($4.474) trillion in 2024
Totals>>> $39,680,884 $25,987,011 $13,693,873
Minneapolis-based Warren Global Corp's Millennium Cost Containment and Revenue Production Agency Reform Package ("Millennium") is a 21st century combined overhead reduction and
software solution for the FDIC. Warren Global Corp has over twenty-five (25) years of experience and expertise in developing systems and procedures within corporate America and has
more recently introduced its Millennium Reform Package to a variety of House and Senate committees/subcommittees who regulate a wide range of agencies within the Obama Administration.
Eighteen (18) such agencies have been identified as candidates for Agency reform and FDIC is one of them. There are two (2) fundamental components of relief available through Millennium
that is, the ability of running any targeted agency (in this instance the FDIC) in a highly cost-contained manner, and in so doing, to exchange cost contained operation for new cash flow
through a Revenue Generation Module, where such cuts and new revenue will allow the agency to bolster its cash position independent of appropriations. As an index of Millennium's ability
to trim overhead, we ask that FDIC management take notice to a graphic on page 4 of this spreadsheet, where we show the combined effects of agency reform among eighteen (18) agencies
reducing our national debt (currently at $18.335 trillion) to an estimated surplus of $930 billion by 2023, and $4.474 trillion by 2024.
Because Warren Global Corp has worked closely with congressional committee members charged with agency reform initiatives, we are keenly aware of the administration's
spending proclivities and in particular with excessive spending at the agency level. This has justified and driven our development of Millennium
For the most part, the FDIC, like many other agencies, have been using 20th century systems to handle 21st century problems, all of which has driven agency costs sky-high.
We ran the numbers for 10 years starting in 2015 based on a fiscal year 2015 budget of $2.318 billion which, for a ten (10) year projection (at an 11.48% CAGR) will call for
total budgeting of $39.681 billion thru 2024. Using Millennium, that same 10 year budget for the FDIC could be reduced to $13.693 billion without a compromise in service to the administration.
Why Millennium and why the urgency of funding this project?
NOTE (above) that the FDIC is instantly "burning cash" at $193 million monthly which Millennium will "cut" to $67 million monthly- this means a dramatic reduction in appropriations to run the FDIC.
Second, of instant concern, are the additional demands being brought upon the FDIC as a consequence of Dodd-Frank, all of which will continue to burden the FDIC without a solution in place
that trims overhead while exchanging reduced overhead for new surplus cash. Millennium requires three (3) months for installation and if we can timely fund this project, we will soon
start running the FDIC far more efficiently than ever before.
In addition to the afore-mentioned cost containment opportunities to reform the FDIC, are surplus revenue opportunities via Millennium's Surplus Revenue Generator module. In addition to
Revenue Generator generates surplus revenues over 10 years where such revenues may be used, along with companion cuts, to pay down a rather sizable
national debt currently at $18.335+ trillion. Millennium requires a one-time investment of $218 million which is slightly in excess of running the FDIC (as is) for just one month.
In addition to the benefits offered the FDIC by Millennium, there are other agencies which have been identified capable of generating similar benefits to those at the FDIC. We invite your attention
to page 4 which identifies eighteen (18) such agencies, inclusive of the FDIC, where overhead cost reductions (and thereby new cash flow produced by Millennium) will reach $22.809 trillion
over the next decade. Such benefits would be available to reduce our national debt , our deficit, and lessen the burden upon all taxpayers moving forward.
A Master Milestone Schedule describing all time-dimensioned events which must be executed to install and test Millennium over a three (3) month time frame will be prepared and reviewed with FDIC management
once the project is funded. Any questions, just call us at 763 310-4885 or send us an email at [email protected].
SUMMARY OF BENEFITS BY AGENCY-IMPACT ON NATIONAL DEBT Page 2 of 10
ALL DOLLAR AMOUNTS ARE 000 OMITTED # agencies 18
Ten Year Today's Date>> 7-Aug-15
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Totals This day's U.S. National Debt
Totals >>> $34,828,842,460 $22,809,408,927 $12,019,433,533 a $22.809 trillion reduction in overhead costs $7.936 billion which remains to be appropriated
* Estimated Installation Start and Completion Dates (two far right columns) are conditioned on appropriation and funding at least 30 days in advance of starting a new agency
Warren Global Corp's Millennium Cost Containment and Revenue Production Agency Reform Package Page 9 of 10
for installation at eighteen (18) government agencies of the Obama Administration
Thursday, August 06, 2015 Dollars to be
Appropriated
(in millions)
Aug 2015 SEC Feb 2017 CFTC Aug 2018 DOJ Feb 2020 District of Columbia Phase I SEC -------
Sep 2015 SEC Mar 2017 HHS Sep 2018 DOJ Mar 2020 District of Columbia Treasury ** $605.0
Oct 2015 SEC Apr 2017 HHS Oct 2018 DOJ Apr 2020 District of Columbia IRS ** $605.0
Nov 2015 Treasury May 2017 HHS Nov 2018 DOJ May 2020 Executive Office of the President FDIC ** $218.0
Dec 2015 Treasury Jun 2017 HHS Dec 2018 DOJ Jun 2020 Executive Office of the President CFTC ** $105.0
Jan 2016 Treasury Jul 2017 HHS Jan 2019 GSA Jul 2020 Executive Office of the President HHS ** $3,500.0
Feb 2016 Treasury Aug 2017 HHS Feb 2019 GSA Aug 2020 Consumer Fin Protection Bureau Phase II Defense ** $1,800.0
Mar 2016 Treasury Sep 2017 Defense Mar 2019 GSA Sep 2020 Consumer Fin Protection Bureau Homeland Security ** $135.0
Apr 2016 IRS Oct 2017 Defense Apr 2019 GSA Oct 2020 Consumer Fin Protection Bureau DOJ ** $95.0
May 2016 IRS Nov 2017 Defense May 2019 GSA Nov 2020 FCC GSA ** $375.0
Jun 2016 IRS Dec 2017 Defense Jun 2019 Judiciary Dec 2020 FCC Judiciary ** $300.0
Jul 2016 IRS Jan 2018 Defense Jul 2019 Judiciary Jan 2021 FCC SBA ** $60.0
Aug 2016 IRS Feb 2018 Defense Aug 2019 Judiciary Feb 2021 FTC Phase III Dist Columbia ** $30.0
Sept 2016 FDIC Mar 2018 Homeland Security Sep 2019 Judiciary Mar 2021 FTC Exec Office Pres ** $30.0
Oct 2016 FDIC Apr 2018 Homeland Security Oct 2019 Judiciary Apr 2021 FTC Cons Fin Prot ** $25.0
Nov 2016 FDIC May 2018 Homeland Security Nov 2019 SBA May 2021 Consumer Product Safety Comm. FCC ** $17.5
Dec 2016 CFTC Jun 2018 Homeland Security Dec 2019 SBA Jun 2021 Consumer Product Safety Comm. FTC ** $15.0