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US Government Calls for Public Donations to Help Pay Down National Debt

As the federal deficit continues to grow, the government’s appeal underscores the seriousness of America’s long-term fiscal challenges — and the limited tools currently available to address them.

1 min read
This photo taken on Jan. 20, 2023 shows the White House in Washington, D.C., the United States. (Xinhua/Liu Jie)

In an unusual appeal, the U.S. Treasury is once again encouraging Americans to make voluntary donations to help reduce the nation’s staggering public debt.

The program, which has quietly existed for decades, allows individuals to contribute directly to the federal government using debit or credit cards, bank transfers, PayPal, or even Venmo. While the initiative might sound novel to some, it has been in place since 1996 and has collected approximately $67.3 million in donations over the years, according to Axios.

However, these contributions represent only a drop in the bucket compared to the scale of the national debt, which currently exceeds $34 trillion. Axios estimates that, in order to fully pay off the debt through donations alone, every American would need to contribute around $100,000 each — a figure that starkly highlights the mismatch between citizen generosity and government spending.

Critics have pointed out the symbolic nature of the program, arguing that voluntary donations cannot meaningfully impact such a vast fiscal burden. Still, the Treasury maintains the donation option as a gesture of civic engagement and national responsibility.

Sri Lanka Guardian

The Sri Lanka Guardian is an online web portal founded in August 2007 by a group of concerned Sri Lankan citizens including journalists, activists, academics and retired civil servants. We are independent and non-profit. Email: editor@slguardian.org

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