https://newrepublic.com/post/198329/venmo-pay-national-debtThe Trump administration offers new way for Americans to donate their funds towards reducing the national debt.
Such program existed from before and a few millions have been donated in the last 25 years. But the debt is up to the trillions.
This is a new sign of desperation, using a bill splitting/quick money tip app for the government to accept donations...
If only any administration would be so decisive against inflation too it would be amazing. Instead we only see such things when the government wants help and not when the people need help most.
Such kind of programs exist in many countries. But making a payment processor like Venmo available for such donations, is something new.
I am wondering if the national debt is now going beyond a control measure in US? I know it's in trillion but compared to the overall GDP of US, it should still be manageable by the administration.
Are the donors getting tax benefits for helping the nation? There must some kind of perks for helping the country!