₦airaland Forum

As the US national debt nears $38trillion, the government has proposed a novel way for citizens to help pay off the tab.

Americans are being encouraged to make donations with their Venmo and Paypal accounts.

The option for a 'gift to reduce the Public Debt' was added to the US Department of the Treasury website a few months ago.

It means that philanthropic residents with a burning desire to pay off Uncle Sam's debt will now have the option to use those methods, alongside traditional ones such as account transfers and credit and debit card payments.

Allowing citizens to pay off the national debt - among other tabs - is nothing new, as the US Treasury, run by Scott Bessent, has long offered the option since 1996.

But it seems they are now tapping into more popular payment systems, like Gen-Z favorite Venmo, to make it more easily accessible for those hesitant to attach their card and bank details.

The current national debt stands at $36,721,531,033,602, as of Friday.

As the US national debt nears $38trillion, Americans are now being encouraged to help pay off the tab with their Venmo and PayPal accounts

Allowing citizens to pay off the national debt - among other tabs - is nothing new, as the US Treasury, run by Scott Bessent, has long offered the option since 1996. But it seems they are now tapping into more popular payment systems, like Gen-Z favorite Venmo

It's up $34.5billion from the previous day, Treasury Department numbers show.

The debt has grown each year since 2001, where it was at $10.3trillion and it doesn't appear the US will downsize its growing bill anytime soon after passing the Big Beautiful Bill.

President Donald Trump's prized bill will add $3.4trillion to the debt over 10 years.

The federal government also spent nearly $7trillion in the 2024 fiscal year, but collected approximately $5trillion.

The US Treasury Department has burned through cash at a historic rate in March - an alarming signal that may require lawmakers to intervene to prevent the country from defaulting on the national debt.

The agency burned through $286billion in the month of March alone.

This is the largest single-month drawdown in American history, and it's only rivaled by the Treasury spending $279billion in August 2021 during the height of the pandemic.

The change to payment methods was first spotted by NPR's Jack Corbett on X.

Though it may seem unlikely that any American citizens would willingly hand the government more money, the feds have garnered $67.3million through the donation program since its inception.

Although it may seem like a large amount, the government burns through that it less than a half an hour.

Sources: https://www.google.com/amp/s/www.dailymail.co.uk/yourmoney/article-14943311/amp/americans-venmo-paypal-national-debt.html

https://www.foxbusiness.com/politics/us-treasury-department-now-offers-novel-method-pay-nations-whopping-36-trillion-debt.amp

All the MAGA heads should pay.

Less noise required .

Hahaha hahaha hahaha hahaha no be scam be dis? Hahaha 🤣

America. Na person wey never travel go America dey hype that jungle. I prefer Japan.

Softmirror:
Hahaha hahaha hahaha hahaha no be scam be dis? Hahaha 🤣

Hahahahahahahaha 29 more characters needed

I need answers to these questions:
1. Who exactly is the US owing this humongous sum of money ?
2. When and why did the US, a supposedly wealthy nation, borrow this money ?
3. If it is so important to pay off the debt, why isn't printing new dollars an option ?

FG should open Opay account, so we can clear Nigerian debt too.


8 months later.... Snake swallowed FG Opay app

This is the face
The back we don't know


EFCC should learn from this
NDLEA as well

Trump is a fraud, he will loot all the monies just like tinupoo

lol

this gotta to some peak trolling from the feds

Frau









D

How could this be? Should we now say that USA is going down little by little ? It could be a trick anyway

Americans always hype their people with jobs to work for the billionaires. They work till old ages but rich are getting richer. Lol

What's the essence , rinse and repeat. This can't happen in Nigeria simply because of lack of trust. Politicians would re-embezzle the money.

Trump nah renowned scammer.

After all the current inflation and taxes ordianary citizens pay to the govt, you still want them to cough out more. I am sure more than half of that debt was used to fund wars and coup that doesn't concern them.

You should have thought deeply about that before cutting tax for the billionaires.

Signs of end times. Because wetin be this nitori olorun

I will be willing to send $5 just for record sake that I equally give to nations.

GofundUS

After using tax payers money to fund Israels wars, they now want to collect gifts from same tax payers.

Awon oniranu

So they use to come all acting like they don't borrow money. Omoh e don dey clear now!

Trump na lunatic.
Instead of cutting the supply and funding of terrorists in the middle east so as yo save task payer's money, he is doing bambiala now at the detriments of the poor.

If I'm a billionaire and a donate 1k and someone who doesn't have more than 50k donates 1k too, do the math.

No person with functional head will donate a dime, unless someone who supports TERRORISTS.

Trump should send his Opay account details now . I'm ready to clear the Debts

USA and their innuendo

America is owning US dollars

Funny

Format wey boy's go soon hijack....


The Govt dey scam the citizens while they go after the small ones ...


Shey na the citizens help Dem owe all this amount after making ur citizens to pay Tax u still dey find way to get more from them...


The politicians are not different from all this fraudsters just that Politicians are backed with legalities....

Infact this world is a Fraudulent Scene. Some are backed by the law while some are not backed....


This same President run rug pull on his Citizens on the day of inauguration launching coin with his family only after few days them dump the coin let ordinary Citizen try am Feds go don smoke the citizens out....

Give them money and they'll use it to build weapons of war and sponsor wars around the world, then consume more fat to eat themselves to death.

I once gave them a humongous amount of $25 of my hard earned money in about 2017 when Obama, Bush, Clinton and others came on TV literally begging for money for a charity cause. After giving them the money, the CIA began monitoring me!

PythonPro001:
I need answers to these questions:
1. Who exactly is the US owing this humongous sum of money ?
2. When and why did the US, a supposedly wealthy nation, borrow this money ?
3. If it is so important to pay off the debt, why isn't printing new dollars an option ?

1. World band and maybe IMF.
2. They borrow to meet up with their normal expenditures like every other person or nation would do too. And they are use to printing money like Buhari govt which in turns also make the USD to depreciate. So, they borrow to strengthen their military, build infrastructure and to run other affairs.
3. Printing money does not make a rich. The real riches of a country is measured by the economic output, financial assets and overall prosperity, especially by GDP/Capita and income/capita. Printing money is does not increase GDP instead increase money supply which in turns increases inflation.

The purpose of the government is meant to create a society of freedom from oppression and help give equity and strength

Unfortunately, the government has done only one thing to humanity, keep them in bondage, weak, and controlled while a few benefit

Can a non US citizens pay. Like supporting a country that's working. Support a country that's working and respect hardwork

It’s not feasible. The United States has approximately 342 million people, including women and children. Paying off that debt would require each individual, regardless of age, to contribute about $107,000.

let Nigeria try this... nobody will donate cos d govt is not the actual representative of the people. He was impose on us.

There is a massive vote of no confidence in Dix govt

Softmirror:
Hahaha hahaha hahaha hahaha no be scam be dis? Hahaha 🤣

America. Na person wey never travel go America dey hype that jungle. I prefer Japan.

Nah, this is not the kind of scam APC and tulumbu scammed Nigerians

I haven't seen this news anywhere other than nairaland.