With our insane level of debt, literally the largest ever in history, the only "sweet spot" on debt is zero!
Realistically, the debt should be lowered enough so that the interest in the debt is not the largest annual expense or even close. However, the first step is to keep it from growing. That will require a sustained balanced budget. Then we can start paying it down to something approaching sanity.
Realistically, the debt should be lowered enough so that the interest in the debt is not the largest annual expense or even close. However, the first step is to keep it from growing. That will require a sustained balanced budget. Then we can start paying it down to something approaching sanity.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36