Nov 13 2009

Let’s donate money to pay off the national debt


I was listening to the radio this morning and heard how the government invites folks to donate money to help pay down the national debt. Brilliant!

Read more about it here. The national debt is rapidly moving toward 12 trillion dollars. I don’t even know what a trillion means.

(Googling it now)

OK — one trillion looks like: 1,000,000,000,000. Ron at the Wisdom Journal explains what one trillion can do. Mrs Money shows us what one trillion dollars looks like.

Take those concepts and multiply it by 12 and you’ll get the national debt.

Want to watch it grow before your very eyes? Check out the national debt clock. It will make your brain hurt a little.

The national debt interest is so substantial that it’s about 8 percent of the 2009 annual federal budget. Just think of all the things we could do with that 8ish percent!

Now, it won’t be easy. According to the debt clock, each citizen will need to pay $38,954 (as of this moment). Yes, this includes babies. Or, if we think it better, we could just have each taxpayer make a one-time donation of $110,442. You can afford that, right?

What’s more, these donations are tax-deductible. What bonus! I wonder if the government will send you those little pre-made address labels as a “thank you.”

We’ll just do it the Dave Ramsey way — with gazelle-like intensity making a massive debt snowball.

And then we’ll build up a national emergency fund so we won’t have to be in debt again. And then we’ll take all that money we were throwing at debt and then buy a nice house, go on vacation, and send our kids to college.

You’re ready to write a check, aren’t you? I am.


Posted under Uncategorized | 7 Comments »

7 Responses to “Let’s donate money to pay off the national debt”

  1. LOL! You’re awesome.

  2. Hehe

    I make a donation with every paycheck! Too bad they don’t spend it on what I think they should. ;-)

    Now if Dave Ramsay was in charge of the national budget…
    .-= ashley@twentysixcats´s last blog ..a few changes around twentysixcats =-.

  3. LOL! I heard that today, too! I was like, what in the world? Seriously.

  4. Ha ha!

    I actually really think of myself as helping out the nation in some super small (but still helpful!) way by eliminating my own debt. Once I’m out of debt, I’ll be one less person in this country with that hanging over her head, and I’ll NEVER go back to it. That’s a contribution I can live with!
    .-= Tiffany´s last blog ..Why I Love Friday the 13th! =-.

  5. Why would anyone that makes a donation to the federal government care if it is tax deductable?

    Make a donation to the government and then take a deduction for it?

  6. Ha! I read about that too. Gee, let’s see how much moolah I have stacked up at the end of the year that I’d love to hand over to the government. After all, taxes are just pocket change, right?
    .-= Sally Ann´s last blog ..14 weeks… “Look ma! No hands!” =-.

  7. Wow, I hadn’t heard anything about this. Thanks for the link! :)
    .-= Mrs. Money´s last blog ..Buying a New Computer =-.

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Hey! I'm Kacie, wife and mother of 3. I write about my family's finance: how we save money, improve our spending, and plan for the future.

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