Here’s an idea: how about the assorted perverts and thieves in Congress and at 1600 Pennsylvania Avenue cut spending so that the National debt goes up by less than the actual growth in the economy, and do that for 7-10 years. The debt as a percentage of the economy will decline, and so will interest rates, accelerating the reduction of the debt burden on the present, and all future, generations.
That would make too much sense, and besides that would be good for America and they don’t want that.
The FED currently holds something in excess of $5trillion of US debt on its balance sheet. I believe before things reach critical mass they will wave the magic wand and that will disappear, giving them a bit more time and room to maneuver.
The answer to most all of America’s problems is LESS Washington, much less.