Can citizens donate to the cause of reducing the national debt?
What about the idea of adding a "check box" on the federal tax forms to allow citizens to donate an amount of their choice to offset the federal deficit. I think we would all be surprised how small donations would add up to a huge yearly amount. A lot of citizens doing a little is what makes us a great nation.
Asked By: Don - 12/5/2011
Best Answer - Chosen by Asker
Yes but don't do it if you gave $100,000.00 it would soaked up in money heaven just to a little bit of the interest rate. The national debt is over 15 trillion dollars and has be refinanced constantly every four and half years. Interest rates are low now but if You see what happening to Greece, Italy, Spain and... More
Answered By: David Williamson oxon - 12/5/2011
Additional Answers (9)
It's a free country, so why not? How long did it take you to think of this question?
Answered By: Marty Risner - 12/5/2011
It's called taxes, anything extra they will refund. I doubt it will do much, unless you have 15 trillion dollars. I know you do, stop hiding it!!!!!!!!!
Answered By: Brian - 12/5/2011
Good idea. You could also send a personal check to the US Treasury. I'd rather see an Income Tax option for reduction of the debt than the idiotic funding of the presidential campaign.
Answered By: Beach Zen - 12/5/2011
I sure you can but I urge you to reconsider. I dont reward bad behavior
Answered By: tom - 12/5/2011
Hmm not a bad idea.. But why should I clean a mess I did not help make? If I were.on welfare and now working sure. But I never was. Would you pay your neighbors car note and then watch him buy a 70 inch tv and keep paying his bills NOT ME...
Answered By: M - 12/5/2011
why not ask g. bush and his friends?
Answered By: mustang 51 - 12/5/2011
The government has been negligent with their spending. I was reading a few months ago how gov officials got gourmet coffee at $20/cup and donuts at $7/ea with tax payer $ us paying it off will not stop it.... it isn't payed off now and it still hasn't stopped
Answered By: Jess092810 - 12/5/2011
Your heart is in the right place but my friend you are one very ignorant American... the debt will only be resolved if the federal reserve is FIRST REMOVED. there is no other way. google: The Creature from Jekyll Island. If you have money to donate help the old and the young, help mothers who are caring for their... More
Answered By: myant - 12/5/2011
lmao, the national debt is what your taxes suppose to be paying for. didnt you people learn anything from going to school. geeeeeeeez! your part of the national debt is nearly 200,000... More
Answered By: micheal h - 12/5/2011
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