The US Treasury Department has maintained a public donation page since 1961 allowing citizens to contribute to reducing the national debt, yet the total annual donations of approximately $2 million cover only about 60 seconds of debt accumulation, while the national debt has grown to $39 trillion and the government spends over $1 trillion annually on debt interest alone.
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$39 Trillion Debt And They're Accepting DonationsAdded:
The US government literally has a donation page for [music] its debt.
It's called the gift to reduce the public debt.
Treasury Department set it up in 1961.
Anyone can donate any amount.
Right now. [music] Last year Americans donated about $2 million total. The debt grows $2 million every single minute. Comment what you donate.
>> [music] >> So, an entire year of donations covers 60 seconds. Here's the thing. The page still exists today. $39 trillion and counting on that ticker.
The government spends more [music] on debt interest than defense. Over a trillion dollars a year just on interest. But sure, your 50 bucks [music] will fix it.
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