Again – Neither the U.S. Department of the Treasury, nor the Federal Reserve, nor the U.S. Congress have any logistically feasible, politically viable plan whatsoever to turn this snowballing debt monstrosity around — and restore fiscal order and financial security for U.S. citizens and small businesses in America.
Main Street America Republicans do have a plan.
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NY Fed – All Sectors Debt Sep 24, 2024
$105.34 Trillion
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Statista: Economy & Politics | Politics & Government
U.S. monthly interest rate on interest-bearing debt 2019-2024
Published by Statista Research Department, Nov 20, 2024
As of October 2024, the United States government has a monthly interest rate of 3.3 percent on its debt, continuing an upward trend in interest rates that began at the beginning of 2022. In April 2024, U.S. debt reached 34.62 trillion U.S. dollars.
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Investopedia – Sep 13, 2024: The U.S. government is on track to spend more than $1 trillion on interest payments this year, surpassing military spending for the first time in history.
Interest payments on the national debt (held by the public in the form of Treasury securities) will cost the government $1.2 trillion in the government’s fiscal year ending in October, the Treasury Department said in a monthly report on the budget.1 Net interest outlays are the third costliest item in the budget behind Social Security and Medicare benefits.
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The Main Street America Republican plan will: (1) Generate federal and state annual budget surpluses each of its first five years of activation; (2) Pay for itself entirely over the succeeding 10-15 years; (3) Eliminate/pay-off massive amounts of Household debt and Business debt; (4) Rejuvenate long-term economic growth; (5) Provide long-term strength and stability for the U.S. Dollar; (6) Restore financial security for millions of American families; (7) Restore free market dynamics and economic liberty in America.
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 (22209 downloads )