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Posted on 08/15/2025 6:26:31 AM PDT by delta7
The US Treasury Department is extremely desperate for any morsel it can find to put toward the $36.7 trillion national debt. Is Donald Trump asking Americans to Venmo or PayPal the US government cash to pay down the national debt? Not quite, as the Treasury has a long-standing program called “Gifts to Reduce the Public Debt” that asks Americans to donate their personal funds toward government spending.
Trump introduced the option to pay through online platforms such as PayPal or Venmo; however, the program began decades ago in 1996. The Pay.gov website also accepts bank transfers, debit or credit cards. You could probably offer your first-born as payment as the Treasury is indeed that desperate.
Some Americans are indeed voluntarily giving the government money. In fact, the initiative has collected $67 million since it began in 1996 and the coffers are growing a mere $120,000 per month since 2020. The rest of us are involuntarily providing the government with money through taxation without representation.
Obviously, the charitable contributions are a complete joke and could not account for even a day of interest on the national debt. Still, the options exist and those who believe that taxes deserve to rise should willingly hand over their money to the government while the rest of us attempt to navigate our finances amid the volatile conditions the government has created. They will continue to collect more taxes rather than curtail spending involuntarily, yet they will never collect enough.
Some consider donating to the lost cause that is the US government as a tax deductible charitable contribution. The US government, the largest economy on the planet, does not need charity. The US government needs to curtail its reckless spending and hold politicians responsible for their endless waste.
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Fine and dandy Bessent and Trump offer up novel Stable coins ( they must hold US debt instruments) but they were devised and concocted to find buyers for our Debt….the scheme will fail.
Unless I am mistaken, when said first born acquires a Social Security Number, that person becomes subject to said national debt.
But addicts don't listen to reason.
You could still tout "I'm not part of the system" but the economy will be in tatters all around you anyway.
There is no escape.
Happy Friday!
A main theory floating around is a gold revaluation from $42.22 (the current valuation) to $7000 per ounce would pay down the debt by about $2T, which is under the current system about all it could swallow in debt paydown for the next 2 years.
Two reasons the “debt” can not be paid down in one fell swoop: one, only the near-term notes due can be paid, not the long term, and even more to my point, two, there is no way to pay it off, it was designed to never be paid off, there is not enough “money” in the world to pay it off.
The $37T (plus much more debt not in the debt ledger) will be wiped out, the FED/IRS stiffed, the FED stockholders and bankster owners stiffed, with a new Dollar pm-backed.
The debt is largely a man-made creation of inflated credit and real-money derivatives made to enslave us.
Pass a law that forces a continual reduction in deficit in real terms and then pass a law that forces a real paydown of the debt. No more relative to GDP crap.
The real one big beautiful bill would (1) outright repeal all the the legislation authorizing the big spending programs of Biden and (2) for a start reset the budget to the 2017 budget (a $4 trillion reduction in spending vs 2025), and then (3) massive cuts out of that budget.
“ The rest of us are involuntarily providing the government with money through taxation without representation.”
——-
Where does Martin live? I don’t like my tax payments, but it’s not like I don’t have ‘representation’ in Washington.
And if his superdupercomputer doesn’t know about the income tax amendment, I would question everything else it suggests.
Only kidding. I don’t believe any of what this guy says.
First of all, they need to go after some rather high-living politicians, most of whom have more money than taxpayers or ex-taxpayers living on S.S. had or will ever have. These folks, coincidentally are the ones who also spend our nation’s monies in some of the most foolish ways. They are likely the ones who even HAVE the extra money to send in to reduce our national debt.
Habit of spending other people’s money is more addictive than heroin.
Only way to stop the debt madness suicide is follow my tag line.
Not gonna happen ever unless
Follow my tag line.
Hard working and heavily taxed Americans, Pay down the debt so that liberals in government who r3dkl3ssly spent without a care in the world, can keep spending like drunken fools without any repercussions.
One program I would like to see is a way to buy oneself out of the system, effectively a program to purchase one’s own freedom from national debt obligations. It might raise some real money.
The debt is by-design, unpayable. This is because much of it is dollars created out of thin air with credit, facilitated by fractional-reserve lending.
And that applies to their underfunded government union pension funds that they tru up with more taxes. Everything should be required to balance annually
The simplest answer to the debt question stares us right in the face. Stop spending
No. Trump gets it. However, the courts have been forcing payment to NGO’s for things that Congress appropriated money for. Yes, Congress holds the purse strings in that you can’t spend more money than appropriated......but the Executive can decide to spend or not to spend the money.
Notice how I didn’t include the Judicial in the decision making based upon the Constitution..........
Yet somehow they are interfering.
Shell game. It’s a daunting challenge to attempt to pay down the federal debt.
2024 deficit added to debt - $1.8T
2025 deficit being added to debt (projection) - $1.9T
I run the ArmstrongEconomics scam site.
The worth of my advice can be measured by my three bankruptcies and losing over $700,000,000 of my clients' funds in bad trades.
That failed ponzi scheme got me eleven years in the federal pen.
signed, Martin Armstrong
“The ONLY way to defend against our insane Neocons is to pull together as a united front with Russia, China, North Korea, and others against the West.”
1 posted on 8/4/2025, 12:40:57 PM by delta7
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