The US Treasury Department is now accepting Venmo and PayPal payments from those who want to donate money to reduce the nation’s ballooning $36.7 trillion debt.
They are in debt because for decades the government kept spending without bringing in tax money to cover it. They borrowed from other countries which creates dept.
That is partially correct. The US Debt is a loan composed of marketable and non-marketable treasury securities which includes public debt (what I lost my shit about) and intergovernmental debt (money spent to function as a government). It’s not a credits and debits system like you put money into your checking account to cover an expenditure. The US has been in debt since its founding. It’s not a decades old problem more like a centuries old thing. No country on this planet has zero debt.
In this post of taking money directly as a “donation” they are hiding the fact congress and the current moron president in charge are absolutely completely irresponsible with dividing up the collected revenue to make the payment on those loans especially with the passing of the “Big Beautiful Bill (shit sandwich)”. They’re redirecting revenue collected into the pockets of billionaires, and their pet projects (OpenAI), while persuading people it’s a boogyman (immigrants, social programs, the weather, etc) causing the massive swelling up of the US Debt. These idiots also use boogyman excuses to steal more money for already funded public programs paid for by you and the supreme court enables it. All three branches are completely fucking us on this deal and they have the audacity to ask for more. This is why I am pissed off.
That is not how that works at all…
They are in debt because for decades the government kept spending without bringing in tax money to cover it. They borrowed from other countries which creates dept.
That is partially correct. The US Debt is a loan composed of marketable and non-marketable treasury securities which includes public debt (what I lost my shit about) and intergovernmental debt (money spent to function as a government). It’s not a credits and debits system like you put money into your checking account to cover an expenditure. The US has been in debt since its founding. It’s not a decades old problem more like a centuries old thing. No country on this planet has zero debt.
In this post of taking money directly as a “donation” they are hiding the fact congress and the current moron president in charge are absolutely completely irresponsible with dividing up the collected revenue to make the payment on those loans especially with the passing of the “Big Beautiful Bill (shit sandwich)”. They’re redirecting revenue collected into the pockets of billionaires, and their pet projects (OpenAI), while persuading people it’s a boogyman (immigrants, social programs, the weather, etc) causing the massive swelling up of the US Debt. These idiots also use boogyman excuses to steal more money for already funded public programs paid for by you and the supreme court enables it. All three branches are completely fucking us on this deal and they have the audacity to ask for more. This is why I am pissed off.
Debt*