The U.S. Treasury Department is now allowing Americans to make voluntary contributions toward the nation’s debt using Venmo and PayPal, expanding the payment options available on its “Gifts to Reduce the Public Debt” page at Pay.gov. The move adds two of the country’s most widely used peer-to-peer platforms to the existing methods of bank transfer, debit card and credit card. Congress created the donation program in 1996, but it has attracted only $67.3 million to date—roughly 0.0002% of the current $36.7 trillion U.S. national debt. The new integration appears to have been added after 22 February, according to web-archive records cited by NPR, and is aimed at lowering the friction for small, individual gifts. The national debt has nearly doubled since 2010 and is growing by almost $55,000 every second, Treasury data show. While policy analysts say the Venmo and PayPal option is largely symbolic, the Treasury’s decision underscores Washington’s search for novel channels to highlight the scale of the fiscal shortfall—and the limited role voluntary donations are likely to play in addressing it.
US has a gofundme campaign (good idea as long as no fraud) Venmo, PayPal $pypl users can now send money to the US government to help pay down $36.7T national debt
BREAKING: 🇺🇸 Venmo and PayPal users can now send money to the US government to help pay down $36.6 trillion national debt. https://t.co/fgOa1zXWQs
BREAKING: Venmo and PayPal users can now make direct payments to the U.S. Treasury to help reduce the $36.7 trillion national debt.