Can donations eliminate US debt? ๐บ๐ธ๐ธ
Recently, the US Treasury added PayPal and Venmo as payment options for debt reduction donations on its Pay.gov portal. But is it really working?
๐ Some shocking statistics:
Donation math: Although people can now donate easily, the average monthly donation is around $120,000. This may sound large, but the US's total debt exceeds $39 trillionโmeaning this donation is a drop in the ocean.
History: This program has been running since 1961, and since 1996, only about $67 million has been collected. In February 2026, only $30,000 was collected.
๐ What happened to the Bitcoin Act of 2025?
On the other hand, the much-discussed 'BITCOIN Act of 2025' is also under scrutiny. This legislation proposes that the government purchase 1 million BTC over the next five years. However, this legislative proposal is still stuck in committee, leaving its future path uncertain.
Conclusion: Debt reduction through donations is a symbolic effort, while financial strategic moves like Bitcoin remain part of the political debate and process.
$ZBT $ORCA $LDO
#USDebtCrisis #Economy #bitcoin #FinancialNews #PayGov #crypto
Recently, the US Treasury added PayPal and Venmo as payment options for debt reduction donations on its Pay.gov portal. But is it really working?
๐ Some shocking statistics:
Donation math: Although people can now donate easily, the average monthly donation is around $120,000. This may sound large, but the US's total debt exceeds $39 trillionโmeaning this donation is a drop in the ocean.
History: This program has been running since 1961, and since 1996, only about $67 million has been collected. In February 2026, only $30,000 was collected.
๐ What happened to the Bitcoin Act of 2025?
On the other hand, the much-discussed 'BITCOIN Act of 2025' is also under scrutiny. This legislation proposes that the government purchase 1 million BTC over the next five years. However, this legislative proposal is still stuck in committee, leaving its future path uncertain.
Conclusion: Debt reduction through donations is a symbolic effort, while financial strategic moves like Bitcoin remain part of the political debate and process.
$ZBT $ORCA $LDO
#USDebtCrisis #Economy #bitcoin #FinancialNews #PayGov #crypto