You can help pay off America's debt with Venmo now
Share this @internewscast.com

(NewsNation) – Americans looking to chip in to pay off the country’s debt can now do so via Venmo.

The U.S. Department of the Treasury has sparked interest following a social media revelation by an NPR reporter that Venmo has been added as a payment option for its “Gifts to Reduce the Public Debt” program.

This initiative, in existence since 1961, has amassed around $67.3 million in donations since 1996, as reported by Axios. The donation page limits contributions to a maximum of $999,999.99.

However, with the national debt approaching $37 trillion, experts view this program more as a symbolic action rather than a genuine solution. According to the U.S. Congress Joint Economic Committee, the total national debt has increased by almost $55,000 every second over the past year.

“I don’t see it as clever, I see it as maybe desperate. But I just don’t see it as something that is going to be viable all around. I think it’s a massive distraction,” Shawn French, host and founder of “The Determined Society” podcast, said. “But I think it’s also a last-ditch effort for people to say, hey, well, we tried.”

Even if every American donated $1,000 today, those donations would barely make a dent in the country’s debt.

Share this @internewscast.com
You May Also Like

Breaking News: Nicolás Maduro, Former Venezuelan Leader, Makes Unexpected Court Appearance in NYC

Nicolás Maduro, the former President of Venezuela, is set to reappear in…

Savannah Guthrie’s Triumphant Return to ‘Today’ on April 6 Following Her Mother’s Disappearance

After a two-month hiatus following the unsettling disappearance of her 84-year-old mother,…

Brevard Woman Triumphs in $14M Lawsuit After Shocking Ice Cream Nail Contamination

BREVARD COUNTY, Fla. – In a significant legal victory, a jury in…

Breaking: VSP Launches Investigation into Weber City Police Department Allegations

Shocking: Central Florida Deputy Accused of Illegally Tracking Ex with AirTags – Sheriff Reveals Disturbing Details

VOLUSIA COUNTY, Fla. – A deputy involved in prisoner transport on a…

John Quiñones from ABC to Lead ETSU Civility Week with a Focus on Unity and Compassion

JOHNSON CITY, Tenn. — East Tennessee State University recently welcomed ABC correspondent…

Florida Supreme Court Suspends Execution of Former Officer Convicted of Rape and Murder

STARKE, Fla. – On Thursday, the Florida Supreme Court temporarily halted the…

French Nonprofit Tackles Fast-Fashion Waste by Transforming Sneakers

PARIS – In a bustling workshop on the outskirts of Paris, a…