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U.S. Treasury Enables Digital Donations for National Debt Reduction via Venmo and PayPal
U.S. Treasury Enables Digital Donations for National Debt Reduction via Venmo and PayPal
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BTCCSquare news:
The U.S. Treasury has introduced a novel approach to tackling the $36.7 trillion national debt by allowing voluntary contributions through PayPal and Venmo. This initiative, part of the long-standing 'Gifts to Reduce the Public Debt' program, modernizes donation channels but remains largely symbolic given the scale of the debt.
Since its inception in 1996, the program has collected a mere $67.3 million—a drop in the ocean compared to the debt's 87% growth since 2010. The integration with Pay.gov targets tech-savvy demographics, though the practical impact appears negligible against macroeconomic realities.
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