hOW TO Pay off the national debt in 11 years

Ellsworth Administration - National Debt Plan

A Fiscal Plan

How the Ellsworth Administration
will Pay Off America’s National Debt in
Eleven Years.

The Problem

America is drowning in debt.

Current Debt Held by Public

$31.7T

Total gross debt: $39.8T

Current Annual Deficit

$1.8T

6% of GDP — twice the 50-year average

Current Interest Bill

$1.1T

More than the entire defense budget

History · It's Been Done Before

Within living memory,
America ran surpluses.

From 1998 through 2001, the federal government ran four consecutive budget surpluses under President Clinton. Peak surplus: $236 billion in fiscal year 2000.

FY 1998

+$69B

Surplus

FY 1999

+$126B

Surplus

FY 2000

+$236B

Peak Surplus

FY 2001

+$128B

Last Surplus

The Congressional Budget Office projected the entire national debt would be eliminated by 2010.

History · How It All Went Wrong

Then Wall Street broke it.

The most significant change in financial history since the Great Depression occurred in 1999. The Glass-Steagall Act was broken with the passage of Gramm-Leach-Bliley — and for the first time in 70 years, Wall Street Investment Bankers were given access to everyday working Americans' cash deposits, with ZERO regulation as to what they could do within our commercial banking system. The theft of that money then began in earnest.

The first thing to occur were the Bush Tax Cuts and the WARS in 2001 and 2003. The surpluses vanished. Debt has climbed every year since.

History · Who Caused the Debt

They caused it. They pay for it.

Wall Street created the Housing Crisis from 2000 to 2008 with their liar loans, which created the need for the bailouts. Those bailouts didn't cost Wall Street a dime — they cost YOU trillions.

The wars in Iraq and Afghanistan didn't cost the war profiteers a dime — they cost YOU eight trillion dollars.

And the land monopolists who bought up American housing while young families were locked out? They paid pennies on the dollar for the 9 million homes the Obama Administration took from working families in foreclosure and gave to Blackstone and BlackRock.

THAT ENDS WITH THE ELLSWORTH ADMINISTRATION!

One percent on every Wall Street trade. One percent on every acre of hoarded corporate land. The people who caused this debt are going to pay it off.

The Plan

Six levers. The Cartel pays.

01Roll back Bush & Trump tax cuts + capital gains parity$1.40T

02Close "Buy, Borrow, Die" + corporate offshore dodging$300B

03Medicare for All + National Wellness Initiative$705B

04Pentagon audit & overseas base closures$500B

05Wall Street FTT + Land Value Tax — The Cartel pays$630B

06Market recognition — interest rates collapse$1.5T+

Lever 01

Roll back the Bush & Trump tax cuts + capital gains parity

A Dollar Earned Is a Dollar Earned

Graduated tax brackets from 35% at $200K rising 0.5% per $25K of additional income — reaching 50% at $1M. Reagan's top rate. Adds $260B/year.
Capital gains taxed at ordinary income rates — but ONLY for those earning over $100K. Grandma's retirement, IRAs, 401(k)s, and Roth accounts fully protected. Adds $250B/year.
Repeal the 20% pass-through loophole that lets hedge fund managers and private equity partners deduct a fifth of their income.
Restore the estate tax to Clinton-era levels — currently the first $30M passes tax-free to heirs.
Kill LUXURY write-offs: no more deductions for private jets, yachts, second homes, business "entertainment," or luxury real estate exchanges. R&D credits and legitimate business capital investment fully preserved.
Restore the 35% corporate rate and end full expensing giveaways for luxury assets.
Graduated surtax over $100K: $500 base plus $100 per additional $10K of income.
Nothing changes for anyone earning under $100K. Retirement accounts, R&D credits, and business investment are all fully protected.

Lever 02

Close "Buy, Borrow, Die" + end
corporate offshore tax dodging

The Billionaire & Corporate Scam

Billionaires don't sell stock — they borrow against it at 2-5% interest and live tax-free. When they die, stepped-up basis erases all gains. ProPublica: top 25 richest Americans paid an effective 3.4% rate.
Fix: Treat large loans against appreciated assets as income. Eliminate stepped-up basis for estates over $30M. Adds $80B/year.
Apple, Google, Amazon, Pfizer, Nike shift US profits to Ireland, Bermuda, and the Caymans through paper transactions and pay pennies on the dollar.
The rule: If you sell it here, you're taxed here. Every dollar of profit from US customers taxed at the full US rate. Foreign profits from foreign customers stay their business — no double taxation.
21% corporate minimum tax on book income to stop Amazon, FedEx, and Nike from using deductions to pay zero. Adds $220B/year.

Lever 03

Medicare for All +
National Wellness Initiative

How It's Funded — Households Still Save Thousands

$100/month per household under $100K, $150/month over $100K. Contributes $185B/year to Treasury.
1% Medicare payroll tax on wages and salaries. Contributes $120B/year to Treasury.
Applying M4A efficiencies to existing federal healthcare (Medicare, Medicaid, VA, federal employee plans) saves $400B/year in federal budget.
A family earning $80K currently pays $8,000-$15,000/year for healthcare. Under this plan they pay $2,000. Net savings: $6,000-$13,000/year.
Private insurance consumes 20-31% of every healthcare dollar on admin. Medicare runs at 2-6%. Americans pay 2-4x more for identical drugs than any other country.
The Wellness Initiative: free preventive care, nutrition, exercise, mental health. Chronic disease drives 90% of healthcare spending — preventing it upstream is dramatically cheaper.

Lever 04

Pentagon audit & overseas
base closures

Where the Savings Come From

Close half of overseas bases — the U.S. has ~750 military bases in 80+ countries, many are Cold War relics. Savings: ~$75-100B/year.
First real Pentagon audit — DoD has failed 7 straight audits. Recovering waste and fraud: ~$100-150B/year.
Cut duplicate weapons programs across the Army, Navy, Air Force, and Marines: ~$50-100B/year.
End no-bid and cost-plus contract abuse by Lockheed, Boeing, Raytheon, and General Dynamics: ~$75-125B/year.
Retire Cold War force structure we no longer need: ~$50-100B/year.
Not one veteran benefit gets touched. This is contractor and base overhead only.

Lever 05

Wall Street FTT + Land Value Tax —
The Cartel pays

The People Who Caused the Debt Pay It Down

Wall Street created the 2008 Housing Crisis and got bailed out for free. They pay a 1% Financial Transaction Tax on every trade. Retail investors barely notice on rebalances. High-frequency trading parasites shut down. Adds $450B/year.
Land monopolists — Blackstone, Invitation Homes, Amazon's warehouse land banks, private equity portfolios — bought up America's housing while young families were priced out.
A 1% Land Value Tax on major landholdings hits the Cartel where they can't hide it: land can't be moved offshore. Owner-occupied homes and working farms exempt. Adds $180B/year.
Total US land value is roughly $30-40 trillion. With reasonable exemptions, the taxable base is $15-20 trillion — heavily concentrated in the hands of the same institutions that own Congress.
Milton Friedman called the LVT "the least bad tax." Joseph Stiglitz calls it the most efficient. It doesn't distort behavior — it just makes hoarders pay for what they hoard.

Lever 06

Market recognition —
the interest rate collapse

Why Rates Will Fall

The U.S. currently pays a 3.4% blended interest rate on nearly $32T of debt — $1.1T a year, more than the entire defense budget.
The moment markets see America on a credible path to zero national debt, sovereign risk premiums collapse. Treasuries become the safest asset on Earth again.
Historical precedent: countries that credibly commit to debt paydown see 1-2 percentage points shaved off borrowing costs within 24 months. Every point saves $300B/year.
The Federal Reserve follows the bond market down. They always do.
Rates drop from 3.4% to ~1.9% as maturing debt refinances. Interest savings become additional principal paydown. The snowball accelerates.
By Year 11, the debt is retired. The annual interest bill collapses from $1T to zero. That money flows back to taxpayers through pro-rata tax cuts.

The Math

Debt held by public: $31.7T to zero.

The Timeline · Year by Year

Eleven years. Debt-free.

Year	Treasury Revenue	Deficit Covered	Principal Paid	Debt Remaining	Rate
Year 1	$3.54T	$1.40T	$2.14T	$29.56T	1.9%
Year 2	$3.60T	$1.36T	$2.24T	$27.32T	1.9%
Year 3	$3.85T	$1.32T	$2.53T	$24.79T	1.9%
Year 4	$3.95T	$1.27T	$2.68T	$22.11T	1.9%
Year 5	$4.10T	$1.22T	$2.88T	$19.23T	1.9%
Year 6	$4.30T	$1.17T	$3.13T	$16.10T	1.9%
Year 7	$4.50T	$1.11T	$3.39T	$12.71T	1.9%
Year 8	$4.75T	$1.04T	$3.71T	$9.00T	1.9%
Year 9	$5.00T	$0.97T	$4.03T	$4.97T	1.9%
Year 10	$5.25T	$0.89T	$4.36T	$0.61T	1.9%
Year 11	$5.50T	$0.81T	$0.61T	$0	1.9%

The Outcome

By 2037:
zero national debt.

And then — tax cuts for everyone.

Once the debt is paid off, tax rates get reduced pro rata — cut proportionally across the board — to whatever level simply keeps the federal budget balanced. No new spending sprees. No permanent overtaxation. The wealthy paid their fair share to clean up the mess they created.
Everyone benefits from lower taxes on the other side.

The Real Battle Ahead

The Fed may resist. The market will win.

When the Ellsworth Administration takes office, the Fed may resist. They would not want rates to fall because their owners, the big WALL STREET BANKS, profit from higher rates on the trillions of dollars of debt currently issued and outstanding. That's how the bankers on WALL STREET make money — taking it from others by charging high interest rates on debt.

Additionally, the largest owners of housing in America are so entangled with the member banks who own the Fed, it could be argued they are in reality partners in a Cartel that operates the housing market as a monopoly — one that wanted rates to double to keep housing unaffordable for younger Americans, forcing them into being renters, so their Cartel could extract more money from America's working class.

That is the primary problem in America today. A small group of Billionaire Robber Barons have bought up everything and operate their businesses as ruthless monopolies, extracting every last dime of profit possible from working Americans.

It would be the Ellsworth Administration's stance that once the international bond market saw that America was paying down its debt, beginning at $1.5 trillion a year, the international markets would force rates down as they again see American paper as the premier financial asset in the world — whether the Fed wanted to cooperate or not.

The Ellsworth Administration

One America
United

Ellsworth for President

Disclosure

On the Numbers in This Presentation

The research and the numbers presented in this presentation were compiled by Claude Opus 4.8, an artificial-intelligence agent developed by Anthropic.

If there are errors in any of the figures or analysis presented herein, those errors are the result of mistakes made by Claude Opus 4.8 — not by this Campaign. This Campaign takes NO responsibility for any such errors.

AI systems can and do produce inaccurate, incomplete, or fabricated information. All figures should be independently verified before being relied upon.