Key Statistics on Medicare Part D Prescriptions & Utilization

Medicare Part D Enrollment (2026): 56.1 million Medicare beneficiaries are currently enrolled in Part D prescription coverage. (Source: KFF)

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CMS OIG Report:  A nationwide audit of Medicare Part C and Part D data from 2018 and 2019 revealed a staggering 3 billion prescription drug events (PDEs), representing $234 billion in total drug plan payments. 

Imagine the impact of approximately 80% of the 3 billion annual Medicare Part C and D prescription drug events (PDEs) being paid for by cash-paying customers.

Imagine the estimated 88,000 pharmacies across the U.S. being paid ‘in cash’ for 2.4 billion Medicare Part C and D PDEs. Higher profitability. No Part D or Part C plan middlemen. No claims filing. No rejected claims.

Imagine The Leviticus 25 Plan that generates $37.303 billion federal budget surpluses annually during each of the first five years of activation (2027-2031), and pays for itself entirely over 10-15 years.

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KFF: A Current Snapshot of the Medicare Part D Prescription Drug Benefit

Juliette Cubanski
Published: Oct 09, 2024
KFF – The independent source for health policy research, polling, and news.
Excerpt:

Key Takeaways

• In 2024, 53 million of the 67 million Medicare beneficiaries are enrolled in Medicare Part D plans, including employer-only group plans; of the total, 57% are enrolled in MA-PDs and 43% are enrolled in stand-alone PDPs. As of June 2024, 3 million Part D enrollees receive premium and cost-sharing assistance through the LIS program.
• The Congressional Budget Office (CBO) estimates that spending on Part D benefits will total $137 billion in 2025, representing 15% of net total Medicare spending. Funding for Part D comes from general revenues (75%), beneficiary premiums (15%), and state contributions (13%).
• Medicare’s aggregate reinsurance payments to Part D plans are projected to account for 17% of total Part D spending in 2025, a substantial reduction from 2024. This change reflects the reduction in Medicare’s liability for catastrophic drug costs from 80% in 2024 to 20% for brands and 40% for generics in 2025.

Part D Spending

In its June 2024 Medicare baseline projections, the Congressional Budget Office (CBO) estimated that spending on Part D benefits would total $137 billion in 2025, representing 15% of total Medicare outlays (net of offsetting receipts from premiums and state transfers).

However, based on actual bid data submitted by Part D plans for coverage in 2025, CBO estimates higher federal spending on Part D of between $10 billion and $20 billion relative to its initial projections for 2025. CBO also estimates that Medicare will spend an additional $5 billion in 2025 on subsidies to plans that are participating in the Part D premium stabilization demonstration.

Payments to Plans

For 2025, Medicare’s actuaries estimate that Part D plans will receive direct subsidy payments averaging $1,417 per enrollee overall, $1,504 for enrollees receiving the LIS, and $445 in reinsurance payments for high-cost enrollees; employers are expected to receive, on average, $640 for retirees in employer-subsidy plans. Part D plans also receive additional risk-adjusted payments based on the health status of their enrollees, and plans’ potential total losses or gains are limited by risk-sharing arrangements with the federal government (“risk corridors”).

As of 2025, Medicare’s reinsurance payments to plans for total spending incurred by Part D enrollees above the catastrophic coverage threshold will subsidize 20% of brand-name drug spending and 40% of generic drug spending, down from 80% in previous years, due to a provision in the Inflation Reduction Act. With this change in effect, Medicare’s aggregate reinsurance payments to Part D plans are projected to account for 17% of total Part D spending in 2025, based on KFF analysis of data from the 2024 Medicare Trustees report. This is a substantial reduction from 2024, when reinsurance spending had grown to account for close to half of total Part D spending (46%) (Figure 7). Moving forward, the largest portion of total Part D spending will be accounted for by direct subsidy payments to plans (54% of total spending in 2025).

Audit
Over-the-Counter (OTC) / Ineligible Drug Payments: In a related OIG audit covering 2021 through 2023, Medicare Part D spent $587.7 million on five specific drugs that had transitioned to over-the-counter status but remained labeled as prescription-only. These medications were prescribed 15.8 million times during that window. [1]

Read the full documentation or search other evaluations on the Office of Inspector General Reports Portal. [1]

Medicare Part D scams – fraudsters impersonating Medicare or insurance representatives steal information, and then bill for unreceived prescription drugs, or trick seniors into switching coverage. (Source: Council on Aging)

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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 featuring citizen-centered health care, and 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 – Each participating U.S. citizen will receive a $60,000 deposit into a Family Account (FA) and a $35,000 deposit into a Medical Savings Account (MSA).

Qualification: All U.S. citizens residing in the United States are eligible to participate, contingent upon meeting qualification standards and agreement to specified recapture provisions. Participants (other than ‘custody account’ applicants) must prove stable credit history, stable job history, no recent drug/felony convictions.

These general recapture provisions include:

• Waiving all federal income tax refunds for a period of 5 years.
• Waiving benefits from income security programs, select benefits from means-tested welfare programs, SSI, and SSDI for a period of 5 years.
• Enrollees in the Medicare, Medicaid, VA Healthcare system, Federal Employees Health Benefits (FEHB), and TRICARE will be subject to a $7,000 deductible, thereby paying with ‘cash’ from their dedicated Medical Savings Account (MSA) for primary care, prescription medications, and outpatient services annually for a period of 5 years.

The Leviticus 25 Plan will conservatively generate $37.303 billion federal budget surpluses annually during each of its first five years of activation (2027-2031), and will pay for itself entirely over a 10-15 year period.

The Leviticus 25 Plan – An Economic Acceleration Plan for America
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When government controls the allocation of resources in a given economic sector (‘for the public good’) … bureaucratic red tape, systemic inefficiencies, pricing distortions, and other economic dislocations  become the rule of law.

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Overhead costs exploding under ObamaCare, study finds | TheHill
by Sarah Ferris 05/27/2015 – Excerpts:

The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the Health Affairs blog.

The $270 billion in new costs, for both private insurance companies and government programs, will be “over and above what would have been expected had the law not been enacted,” one of the authors, David Himmelstein, wrote Wednesday.

Those costs will be particularly high this year, when overhead is expected to make up 45 percent of all federal spending related to the Affordable Care Act. By 2022, that ratio will decrease to about 20 percent of federal spending related to the law.

The study is based on data from both the government’s National Health Expenditure Projections and the Congressional Budget Office. Both authors are members of Physicians for a National Health Program, which advocates for a single-payer system.

“This number – 22.5 percent of all new spending going into overheard – is shocking even to me, to be honest. It’s almost one out of every four dollars is just going to bureaucracy,” the study’s other author, Steffie Woolhandler, said Wednesday.

She said private insurers have been expanding their administrative overhead despite some regulations from the Obama administration to control those costs, such as the medical loss ratio, which requires a certain amount of premium dollars to be spent directly on healthcare. She argues that a better approach would be a type of Medicare-for-all system.

The extra administrative costs amount to the equivalent of $1,375 per newly insured person per year, the authors write.

About two-thirds of the new overhead costs are the result of rising enrollment in private plans, which the authors say carries “high costs for administration and profits.”

The rest is the result of expanded government programs, such as Medicaid. It also includes the cost of running ObamaCare exchanges at both the federal and state levels.

The federal exchange, as well as the 13 state-run exchanges, have all been boosted by grant money, though those funds will run out by 2016. The exchange will then need to rely on fees to plan premiums.

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Additional 2015 headlines:

$2.1 billion cost for ACA federal exchange

Obamacare Adds 3,322 Pages of Regs to $234 Billion Tax Complexity Burden…

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The U.S. Health Care Freedom Plan, an integral feature of The Leviticus 25 Plan, allows U.S. citizens to allocate resources directly and take ownership of their own health care needs and decisions.

This dynamic new plan is the only comprehensive, citizen-centered health care plan in America.

Freedom starts at ground level.

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
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Interest Paid on the US Debt Soars

06/18/2025 • Mises Wire • Ryan McMaken – Excerpt:

[The] United States has in recent years outpaced other major developed economies to become the country with the largest debt-service burden. For example, when compared to Canada and major European economies, the US pays, by far, the largest amount of interest as a percentage of revenue. The trend in the US has been clearly upward since 2012, but surged well above peer countries after 2021. As of 2023, the US debt service amounts to 18 percent of total revenue.

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“Average Interest Rate on the Debt” – Update on an Ugly Situation

By Wolf Richter, May 29, 2025 – Excerpt:

The debt has ballooned by $13 trillion (by 56%) in just five years, from $23.2 trillion in Q1 2020 to $36.2 trillion in Q1 2025, including by $2.2 trillion in 2024 despite above-average real GDP growth.

The ballooning of the debt is temporarily on hold due to the debt ceiling, but to make up for it, because there are no free lunches, it will spike by $1 trillion within months of the debt ceiling getting lifted, and will continue to balloon with renewed vigor afterwards.

Interest rates are much higher than the historic lows five years ago.

Short-term interest rates had been at near-0% in 2020 and 2021, but started rising in 2022 and reached about 5.4% in mid-2023 and then stayed there for a year. Last fall, the Fed cut its policy rates by 100 basis points, which has pushed down the interest rate at which the government can sell T-bills to about 4.3%. The $6 trillion in T-bills are constantly getting rolled over as they mature, and new T-bills are sold at lower interest costs for the government, which contributed to the dip in interest expenses.

However, the interest rates at which the government can sell long-term Treasury securities have not changed much over the past two years. For example, the 10-year yield lurched up and down over those two years, sometimes violently, but has mostly remained in a range between 3.7% and 4.7%, and is now about where it was a year ago (4.4%). And those rates are far higher than where they’d been.

For instance, the 10-year Treasury issue that matured this month was sold in May 2015 at a yield of 2.24%. The government replaced it this month with new 10-year notes that it sold with a yield of 4.34%, nearly double the interest cost for the government.

In addition, the size of the issue has doubled, from $24 billion in 2015 to $42 billion in this Month.

But the process is slow. Long-term securities by definition are slow to cycle out of the debt, so changes in long-term interest rates filter only slowly into the debt as old maturing debt is replaced with new debt that comes with the new interest rates.

These dynamics form the average interest rate that the government pays on its total outstanding debt. That average interest more than doubled from 1.55% in 2022 to 3.35% August 2024. Since then, it has eased a hair. In April, it inched up to 3.29%, according to data from the Treasury Department…

The ugly Debt-to-GDP ratio: Total debt as percent of GDP eased in Q1 to 120.8%, based on the second estimate of Q1 “current dollar” GDP released by the BEA today. It dipped because the debt ceiling temporarily blocked the debt from growing.

The Debt-to-GDP ratio = total debt (not adjusted for inflation) divided by “current dollar” GDP (not adjusted for inflation). Inflation cancels out because the inflation factor affects both the numerator and the denominator equally.

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Washington politicians and government technocrats have no plan, the U.S. Treasury Department has no plan, and the Federal Reserve has no plan to get America’s burgeoning federal budget deficits back under control.

Main Street America Republicans do have a plan.

The Leviticus 25 Plan will produce (conservatively) $37.303 billion federal budget surpluses during each year of its first five years of activation (2027-2031) – and pay for itself entirely over the next 10-15 years.

And it will produce a dramatic and ongoing curb in the interest expense line item in federal budgets.

The Leviticus 25 plan will also strengthen fiscal balance sheets for state and local governments, restore financial security for millions of American families, and rejuvenate a long-term economic growth cycle (not driven by debt issuance).

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Jamie Dimon conveyed this warning over a year ago. Nothing has yet been so much as ‘hinted at’ to bring America’s mushrooming deficits under control.

The U.S. government closed Fiscal Year 2026 (ending September 30, 2026) with a total deficit of $1.99 trillion (about 6.2% of GDP).

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JPMorgan’s Jamie Dimon Predicts ‘Crack in the Bond Market,’ Citing U.S. Fiscal Mess – WSJ |

By Justin Baer, May 30, 2025

Excerpts:

JPMorgan Chase Chief Executive Jamie Dimon delivered a dire warning for the markets, predicting a crisis unless the U.S. takes steps to address its spiraling national debt.

“You are going to see a crack in the bond market, OK?” Dimon said during an interview at the Reagan National Economic Forum in California. “It is going to happen.”

Regulations imposed on banks after the 2008-09 financial crisis have left them with less flexibility to hold bonds and other securities on their balance sheets. That makes it difficult for financial firms to step in between sellers and buyers when credit markets freeze up, Dimon said.

Treasury Secretary Scott Bessent and other banking regulators have pledged to loosen capital requirements to let banks hold more Treasurys. 

Without substantial changes, the U.S. is headed for a reckoning, Dimon said. “And I tell this to my regulators…it’s going to happen, and you’re going to panic,” he said. “I just don’t know if it’s going to be a crisis in six months or six years.”

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A potential debt-market crisis isn’t the only scenario that has Dimon worried. He also believes that if America’s economic and military might erodes, the dollar’s pre-eminent status is at risk. 

“If we are not the pre-eminent military and the pre-eminent economy in 40 years, we will not be the reserve currency,” he said. “People tell me we are enormously resilient. I agree with that. I think this time is different. This time we have to get our act together and do it very quickly.”

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There is one plan in America with the raw power to get U.S. government fiscal dynamics under control, and the wherewithal to “do it very quickly.”

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

$95,000 per U.S. citizen – Leviticus 25 Plan 2027 (75623 downloads )

Milton Friedman, 1976 Nobel Prize, Economic Sciences:
“A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.

On the other hand, a society that puts freedom first will, as a happy by-product, end up with both greater freedom and greater equality. Though a by-product of freedom, greater equality is not an accident.  A free society releases the energies and abilities of people to pursue their own objectives.

It prevents some people from arbitrarily suppressing others.  It does not prevent some people from achieving position of privilege, but so long as freedom is maintained, it prevents those positions of privilege from becoming institutionalized; they are subject to continued attack from other able, ambitious people.  Freedom means diversity but also mobility.  It preserves the opportunity for today’s disadvantaged to become tomorrow’s privileged and, in the process, enables almost everyone, from top to bottom, to enjoy a fuller and richer life.”

Friedman also wrote: “They think that the cure to big government is to have bigger government… the only effective cure is to reduce the scope of government – get government out of the business.”

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The Leviticus 25 Plan levels the playing field and puts all U.S. citizens on an equal footing.

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

$95,000 per U.S. citizen  –  Leviticus 25 Plan 2027 (74498 downloads )

The massive private sector debt reduction generated under The Leviticus 25 Plan would flow through to banks in the form of excess cash reserves. Regulatory change in the SLR would allow banks to hold a greater ratio of Treasuries in their investment portfolio and additional flexibility to engage in competitive bidding in the U.S. Treasury market.

With The Leviticus 25 Plan generating federal budget surpluses of $37.303 billion annually, 2027-2031, U.S. Treasuries would be an attractive and profitable investment for banks. This dynamic would further increase demand for Treasury’s, thereby stabilizing the Treasury market and the U.S. Dollar, and driving interest rates lower across the curve.

The Leviticus 25 Plan – the most powerful decentralizing economic acceleration plan in the world. There is no other competing plan anywhere.

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Treasury’s Reliance on Short-Term Debt Exploded in Recent Years

The Bear Traps Report, Dec 20, 2024 – Excerpts:

….We are witnessing a Covid era like spending in 2024 without a pandemic. The Treasury Department has come to rely on short-term bills to fund the government. But with $36Tr of debt, the Treasury has to issue bills almost every day to keep funding the government and to refund maturing debt.

• *CBO data, Bloomberg. The average weighted coupon on the U.S. debt load is about 2.7% vs. over 4.5% for 10-year U.S. Treasuries. As bonds mature, they get refinanced at much higher yields.

$10Tr of Debt Refinancing Next Year – In 2024 Treasury faced around $10Tr of maturing debt. To refinance this debt, it issued a whopping $26Tr of bills and bonds. More than 84% of that paper was short-term bills with a maturity of 6 months or less. Treasury keeps re-issuing bills with a maturity of 4 to 8 weeks or 3,4 to 6 months, which are the most popular maturities in a continuing, ever-increasing roll down of the debt, day after day, month after month.

ALERT – By issuing nearly a colossal load of extremely short-term bills, Janet Yellen succeeded in suppressing bond volatility in an election year and, in our view, strategically placing that bond market volatility into 2025 after the election. You can “why” see above, she wanted LESS long-term paper in circulation markets in the election year.

Now, in 2025 – this paper has to be rolled over and termed out into longer-dated bonds. The USA is behaving like a financially trapped emerging market country. Living on the “front-end” of the yield curve is a VERY dangerous game.  

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Never, ever forget that 6% today is equivalent to the destructive capacity of 10% twenty years ago. Interest rates up, mean bond prices down. A 1% move in interest rates higher today is an entirely different, far more lethal equation.

Incoming Stress Points – In 2025 the U.S. Treasury faces $9.6Tr of maturities in their so-called publicly held debt. In Q1 alone — the government faces $5.58Tr of maturities (bonds coming due, redemption), but 86% of those are short-term bills that the Treasury department rolls over into new 4-week, 8-week, 3,4, or 6-month bills, among others. 

As a result, almost daily bill auctions are coming to a theater near you, as the Treasury Department mindlessly keeps pushing new paper into the market to pay back the colossal amount of maturing debt.

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One big bullish catalyst for treasuries would be a regulatory change to exempt treasuries from the Supplemental Leverage Ratio (SLR). It is unclear if and when this would be implemented, although Bessent was hinting at regulatory relief for banks to boost banks’ treasury holdings. Exempting treasuries allows banks to hold more Treasuries on their balance sheets without needing to hold additional capital against them, freeing up the capacity for banks to participate more actively in the Treasury market. Its unclear how much treasury demand that would create, but in 2021, when the temporary SLR exemption was reinstated after COVID, prime dealers reduced their Treasury holdings from $250bl to $125bl in 2 months. A change in the SLR ratio may come but is going to take months before the rules are changed. A phase-out of QT for treasuries would be a more immediate, albeit more modest, relief for the bond market. According to this timeline, the Fed will end up buying $100bl of treasuries in 2025, a big change from the $500bl of treasury sales in 2024.

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The Leviticus 25 Plan – An Economic Acceleration Plan for America
$95,000 per U.S. citizen – Leviticus 25 Plan 2027 (74495 downloads )

“Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.”   ― Alexis de Tocqueville

Updated economic scoring on the most powerful economic acceleration plan in the world.

The Leviticus 25 Plan will generate average annual budget surpluses of $37.303 billion vs current CBO-projected average annual deficits of $1.982 trillion – over each of the first five years of activation (2027-2031).

This represents a monumental $2.019 trillion positive budget gain annually (2027-2031) for the U.S. federal budget. 

It is highly likely that this projection significantly understates the eventual realized budget gains, since it does not factor in: (1) the number of participants who will no longer qualify for Medicaid;  (2) the increased savings from fraud detection/prevention, resulting from he elimination of billions of healthcare-related claims flooding the system;  (3) the increased savings from the major “improper payment” errors plaguing the system.

Outsized fiscal gains will also accrue to state and local government resulting from general tax revenue / payroll tax gains (revitalized economic growth), and from across-the-board spending reductions in: 1) Medicaid spending outlays ($7,000 annual deductibles, enrollee asset limitation restrictions);  2) social welfare outlays (SNAP, heating assistance, rental assistance, TANF);  3) increased savings from fraud detection/prevention, resulting from the elimination of millions of healthcare-related claims flooding the system;  4) the elimination of major state tax deductions (e.g. elimination of interest expense deductions participants pay off home mortgages / HELOCs).

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Scoring Update Summary:

The Leviticus 25 Plan budget surplus totals (2027-2031):

CBO projected deficit summary (2027-2031):$9.909 trillion

Recapture gains (2027-2031):
Federal Income Tax recapture benefit: $1.366 trillion
Safety Net Program recapture benefit: $3.224 trillion
Medicaid/CHIP $7,000 deductible recapture $2.335 trillion
Medicare $7,000 deductible recapture:$2.152 trillion
VA $7,000 deductible recapture:$257.6 billion
TRICARE $7,000 deductible recapture: $263.2 billion
FEHB $7,000 deductible recapture: $229.6 billion
SSDI recapture:$658.7 billion
Interest expense recapture: $128.817 billion

Totals – 2027-2031:
5-year projected deficit (CBO): $9.909 trillion
5-year projected recapture (subtotal): $10.486 trillion
5-year projected interest expense savings: $128.817 billion

Budget surplus (projected) 2027-2031 – before interest expense savings:
$10.486 trillion – $9.909 trillion = $57.7 billion

Budget surplus (projected) 2027-2031 – including interest expense savings:
$57.7 billion + $128.817 billion = $186.517 billion

Average annual budget surplus (projected) 2027-2031:
$186.517 billion / 5 years: $37.303 billion per year

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Summary Details:

* The Leviticus 25 Plan 2027 Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 1: Overview, Deficit Projections (CBO)

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 2: Federal Income Tax Recapture; Economic Security / Means-Tested Welfare Recapture.

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 3: Medicaid, Medicare, VA, TRICARE, FEHB, SSDI Recapture

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 4: Interest Expense Recapture

* The Leviticus 25 Plan Generates $37.303 Billion Federal Budget Surpluses Annually (2027-2031). Part 5: Economic Scoring – Summary Totals

Note 1: Projected budget surpluses for 2027-2031 do not factor in the additional government tax revenue gains that would accrue from the massive shift in capital away from debt service and into productive economic activity.
Note 2: Projected budget surpluses for 2027-2031 do not factor in the additional government tax revenue gains that would accrue from significantly lower levels of debt deductibility on individual income tax filings.
Note 3: Projected budget surpluses from the Medicaid / CHIP recapture do not take into account the likelihood of fewer citizens actually qualifying for Medicaid / CHIP benefits.
Note 4: Projected budget surpluses from Interest Expense Reductions during each of the first five years of activation (2027-2031) is likely understated due to the fact that ‘debt held by the public’ is projected to increase by 8.5% per year, from $28.278 trillion in 2026 to $40.198 trillion in 2030.
Note 5: The Plan’s funding of individual Medical Savings Accounts (MSAs) with the $7,000 deductible provision per year would result in an enormous drop in the number of claims each year for Medicare reimbursement. Medicare payroll taxes would generate a growing revenue stream, due to stronger economic growth, while outlays would drop significantly from the reduced claims numbers – thereby providing the Fed with a powerful tool to recapitalize the Medicare Trust Fund via the U.S. Citizen’s Credit Facility.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$95,000 per U.S. citizen  –  Leviticus 25 Plan 2027 (74202 downloads )

Fortunately, there is a powerful solution to this lift America out of this quagmire…

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Central Banks Cannot Fix The Sovereign Debt Bubble

ZeroHedge, Oct 01, 2026 – Authored by Daniel Lacalle via dlacalle.com,

Excerpts:

Public debt is like a massive iceberg. The bonds that have already been issued are the visible part of the iceberg. However, the 94% global public debt to GDP only tells a small part of the story. Below the surface are unfinanced commitments to pensions, healthcare, and other spending that have no adequate funding and add up to 300% of GDP. Looking only at outstanding debt provides us an incomplete picture of what taxpayers may eventually have to finance. Even worse, it gives a wrong view of government solvency.

The IMF projects global public debt will reach 100% of GDP by 2029, with the increase driven by major economies. Thus, this problem extends well beyond the emerging markets usually associated with debt crises.

The United States provides a clear example. Treasury’s fiscal 2025 financial report puts federal debt held by the public at 99% of GDP and separately reports approximately $88.4 trillion in projected social insurance funding shortfalls, measured in present-value terms over 75 years.

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Central banks can make borrowing easier and help governments disguise the problem for a while. Lower interest costs can provide some relief. However, governments use that relief to increase spending instead of repairing their finances. Thus, the underlying problem keeps growing.

Quantitative easing may calm markets and reduce risk premiums for a while. However, central banks do not print solvency, and bond purchases do not make permanent overspending sustainable.

Furthermore, QE does not make the public sector’s obligations disappear. When a central bank buys long-term government bonds using interest-bearing bank reserves, it effectively replaces longer-term borrowing with liabilities whose cost moves with overnight interest rates, according to the Bank For International Settlements. Viewed together, the government and central bank become more exposed to increases in short-term rates, not less. Once we understand this situation, we also see why inflation is rising. Central banks and governments are eroding the purchasing power of the currency by issuing too much money-debt compared to the private sector demand. Additionally, higher taxes constantly weaken the private sector. All this combined leads to stagnation and persistent inflation.

…….

Financial repression is also shifting the burden while impoverishing citizens. Governments can steer savings towards public debt, but they keep returns below inflation, reducing the real value of what they owe.

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Ignoring the problem and delaying spending cuts also makes the adjustment harder. Treasury estimates that delaying fiscal reform until 2036 would increase the average adjustment needed from 4.7% to 5.6% of GDP. Waiting for the next central-bank intervention is therefore a comfortable but costly political choice.

The solution comes from cutting spending and reforming committed programs before a crisis forces abrupt changes. Stronger productivity, private investment, and competition must also be part of the answer. Governments cannot keep weakening the productive economy with ever-increasing taxes while expecting it to finance ever-larger promises.

Central banks cannot fix the sovereign debt bubble. The short-term placebo effect fades away faster every time, regardless of the size of the purchase plan. QE and financial repression did not buy time, because governments did nothing and left the underlying problem unresolved. Citizens are paying for the same irresponsibility through inflation, weaker growth, lower real net wages, and higher taxes. The absence of a bond-market crisis today does not mean the problem has disappeared; it is just eroding the productive economy through crowding out and financial repression.

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The Leviticus 25 Plan will resolve the underlying problem – out of control government spending, including: 1) Massive reductions in the number of citizens needing entitlement and social welfare program benefits to meet their daily living expenses; 2) Major reduction in the number of people needing / qualifying for income security programs; 3) Major reduction in federal and state government social welfare administrative expenses.

The Leviticus 25 Plan will deliver: 1) $37.303 billion federal budget surpluses (2027-2031); 2) Strong and sustainable economic growth; 3) Higher ‘real net wages’ for America’s work force; 4) Lower taxes; 5) U.S. Dollar stabilized purchasing power; 6) A strong and sustainable foundation for the U.S. credit market; 7) Citizen-centered health care.

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 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
$95,000 per U.S. citizen – Leviticus 25 Plan 2027 (73744 downloads )

America needs a mega-debt elimination plan, and there is just such a plan ready for the launch pad…

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US Closes Fiscal 2026 With $2 Trillion Budget Deficit, Pays Record $1.4 Trillion In Interest

ZeroHedge, Oct 16, 2026 – Excerpts:

With DOGE disbanded more than a year ago, and tariffs struck down by the Supreme Court, the US is no longer even pretending that there is any hope to normalize spending, or any kind of happy ending to the US debt trajectory. 

At 2pm today the US Treasury published the latest, September, monthly budget deficit data, which was also the last month of fiscal 2026, and it will again come as no surprise to anyone that things are looking ever worse. 

Total US receipts for the month were $558 billion, a modest 2.6% improvement from the $544 billion a year ago, with individual income taxes accounting for $298 billion, or more than half of the total, and the bulk of the balance coming from Social Insurance and Retirement receipts of $149 billion.

On the spending side, things were ugly: total outlays were $585 billion, a 70% deterioration from the $345.7 billion spent a year ago, although like last month, much of that had to do with the calendar impact of tariffs…

What matters more is that for the full fiscal 2026, total US deficit is closed the year at $2 trillion (technically $1.992 trillion), over $200 billion worse than last year. The silver lining is that contrary to what we said a month ago, when we predicted that “2026 will be about $200bn worse than the previous year when all is said and done, and be the 3rd worst year for the US deficit on record, with just the crisis years of 2020 and 2021 worse”, 2026 was actually just fractionally better than 2023 and its $2.014 trillion deficit.

Finally, turning to the elephant in the room, namely interest expense, in September the US spent $92 billion on gross interest expense, which means for all of fiscal 2026, total US interest spending has risen to a record $1.360 trillion, up 12% from a year ago, and the highest on record (as for the net vs gross nazis, in September the US for the first time ever paid net interest of more than a trillion dollars, or $1.05TN to be precise)

Extrapolating the current trend (and with the recent Fed rate hike our estimate may prove conservative), on an LTM basis, total US interest of $1.4 trillion is set to surpass Social Security (which was $1.67 trillion LTM but growing much slower), by the end of 2028. 

And since 23% of marketable US debt is now T-Bills, which will see an immediate impact from the recent (and coming) Fed hikes, US interest expense is going to rise even more sharply, signaling that while the debt endgame for the US is guaranteed, the only question is whether Warsh will bring it on even faster. 

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The most powerful decentralizing, citizen-centered economic acceleration plan in modern history is here:

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
$95,000 per U.S. citizen – Leviticus 25 Plan 2027 (72189 downloads )