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Venmo to Pay the National Debt?
Armstrong Economics ^ | 15 Aug 25 | Martin Armstrong

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.


TOPICS:
KEYWORDS: debt; multiplenicks; nevertrumping; randpaulsucks; texasgator; trollfarm
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To: delta7

“I hear Lavrov and Vlad will also be eating a lot of Chicken Kiev in Alaska!”

Trump will be serving them crow.


41 posted on 08/15/2025 8:56:09 AM PDT by TexasGator (The 750 hp Florida Gnat)
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To: TexasGator

My contribution was knowing about there being a cost to renounce citizenship. I couldn’t recall the cost, had heard there was thoughts about increasing it to $20,000, so did two searches. Brave LEO gave me almost nothing, but Grok 3 gave me the rest. I didn’t think it wasn’t obvious I was the originator. Like not everything sarcastic needs a /s.


42 posted on 08/15/2025 9:05:04 AM PDT by Avoiding_Sulla
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To: Carry_Okie

The Sovereign movement has a different take on the value of children at US birth.


43 posted on 08/15/2025 9:07:32 AM PDT by spintreebob
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To: Avoiding_Sulla

“I didn’t think it wasn’t obvious I was the originator. “

Still, source is required.


44 posted on 08/15/2025 9:25:29 AM PDT by TexasGator (The 750 hp Florida Gnat)
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To: delta7

“I hear Lavrov and Vlad will also be eating a lot of Chicken Kiev in Alaska!”

I wonder how Putin feels surrounded by our F-35s with a B2 bomber overhead!


45 posted on 08/15/2025 1:23:15 PM PDT by TexasGator (The 750 hp Florida Gnat)
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To: delta7

Three and one-half years and Russia has not taken a major city.

Meanwhile, they are going broke.


46 posted on 08/15/2025 1:34:58 PM PDT by TexasGator (The 750 hp Florida Gnat)
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To: delta7

“Lavrov”

Lavrov wears CCCP shirt.

We show F-35s and B2s!


47 posted on 08/15/2025 1:43:33 PM PDT by TexasGator (-1he 750 hp Florida Gnat)
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To: TexasGator

Your waste of time on every Armstrong thread has me wondering how much you lost as an investor?? If not at least $1MM then you certainly look like a paid troll, and a tiresome one as well! ...ymmv


48 posted on 08/15/2025 4:23:23 PM PDT by PalominoGuy ( )
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To: PalominoGuy

“Your waste of time on every Armstrong thread has me wondering how much you lost as an investor?? If not at least $1MM then you certainly look like a paid troll, and a tiresome one as well! ...ymmv”

ROTFLMAO!

My only dog in this hunt is to protect fellow FReepers.

At least you admit that Armstrong is a scammer.


49 posted on 08/15/2025 4:29:25 PM PDT by TexasGator (-1he 750 hp Florida Gnat)
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To: PalominoGuy

“Your waste of time on every Armstrong thread “

If I save even one FReeper from being scammed by this convicted liar then it is not a waste of time.

His lies on this site are notorious.


50 posted on 08/15/2025 4:33:31 PM PDT by TexasGator (-1he 750 hp Florida Gnat)
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To: PalominoGuy; delta7
Please call me Marty,

I believe we all have a purpose and a specific destiny. I feel I have been placed in so many situations around the world for a purpose. I have seen the world through everyone’s eyes. If I can pass that on, then I have fulfilled my destiny.

Only if you can send me $150 a month!

Please do not let the fact that I an a convicted lying scammer make you hesitate.

signed, Martin Armstrong

51 posted on 08/17/2025 8:25:33 AM PDT by TexasGator (The 750 hp Florida Gnat)
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To: delta7

“”””“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.”””””

Did you actually post that?


52 posted on 08/20/2025 9:54:54 AM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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