Yes, You Can Just Throw Money at the National Debt


While there’s not an app for that (not yet), there’s a convenient website where you can go and give extra money to the government to pay down the national debt. Yes, people use it.

And you have options!

The Bureau of the Public Debt may accept gifts donated to the United States Government to reduce debt held by the public. Acting for the Secretary of the Treasury, Public Debt may accept a gift of:

  • Money, made only on the condition that it be used to reduce debt held by the public.
  • An outstanding government obligation, made only on the condition that the obligation be retired and the redemption proceeds used to reduce debt held by the public.
  • Other intangible personal property made only on the condition that the property is sold and the proceeds from the sale used to reduce the public debt.

And people actually use it! Last year they gathered up $2,840,466.75 in contributions from fine well-wishers of the Republic! That’s somewhat less than the $21,122,729,715.18 the government paid out in interest on the debt last month but it’s the thought that counts, right?

Uuuh. Seeing that many commas in a number preceded by a dollar sign made me a little nauseous.

Thanks to The Consumerist for tipping me off to this depressing as hell site.

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