Thursday, May 5, 2011

Helping to pay off the US debt

Daily bread

Daily bread © fintag

News comments:
It has been a tough week for the Americans.

Firstly we had the Bin Laden misinformation and now an obscure social networking site is worth more than Facebook. In January I argued Facebook was worth 300bn (fintag) and looking at the renren IPO, I may have underestimated the valuation.

Of course if Facebook was worth a few trillion, wouldn't it be nice if the stock holders used some of their capital gain to help pay the US debt off? It is quite easy to do.

Here is an extract from the US treasury website:

How do you make a contribution to reduce the debt?

There are two ways for you to make a contribution to reduce the debt:

You can make a contribution online either by credit card, checking or savings account at Pay.gov

You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188

(treasurydirect)

Today's shorts:
Gordan Ramsey (or maybe not) gags his employees with bread (telegraph)

Today's longs:
renren IPO (bloomberg)

Question:
How do I know if I send a check to Dept G that it will actually be used to pay of the US debt? Will I get a certificate?



8 comments:

Payday lenders said...

It will be quite interesting in knowing the complete population of Greek Banks that are not providing such kind of deal.

Payday uk loans said...

Call your credit card company up and ask them to forgive late payments and/or interest rates. Ask for the world and you might just get it.

Same day payday loan said...

Informative stuff for today’s world I hope all the people know about it. We all need to help as much as we can to reduce the debt.

eugene said...

Yeah nowadays, it is really essential to make a contribution to reduce the debt. I like your idea of contribution by online credit card, checking or savings account at Pay.gov.
Payday Bank

Keith said...

Everybody want reduction in their debts, if you wish to reduce the debt, you can cash the advanced tax relief refund and send a separate check.
quick loans

fast payday loans said...

I totally agree with this plan that makes a contribution online either by credit card, checking or savings account at Pay.gov. This is a most convenient way to reduce US Debt.

Keith said...

Hey I totally agree with the article that if you certainly want to reduce the debt just send a check payable to the Bureau of Public Department.
PaydayBank

Mila Ray said...

Thanks for the tips. Lots of people have debt problem today. They take out loans and advance loans trying to stay afloat, but it's never easy to pay off multiple debt. That's why it's important to borrow responsibly and do not borrow more than you can repay.