Venmo and PayPal users can send money directly to the US government to help pay $36.6 trillion in government bonds. The digital payments platform is available after you have accessed the “Gifts to Reduce Public Debt” page on Pay.gov. The website has been around for nearly 30 years, allowing Americans to directly contribute to the repayment of their country’s debts. A total of $67.3 million has been donated, which is negligible compared to trillions of federal debt.
Neither Paypal nor Venmo have issued a statement on this new way of helping to repay US government bonds. To contribute, individuals can access the Pay.gov portal and choose their payment method. Pay.gov allows users to fill out the required forms, submit donations using Venmo, and enable real-time payments from their mobile devices.
The US government adds PayPal to help reduce the surge in national debt: aid cries?
National debt has risen by more than 87% over the past 15 years, according to the US Treasury Department. There was a lot of criticism from experts and everyday Americans about the new development. Samson Mow, CEO of Bitcoin Technology Firm Jan3, compares Bitcoin to “send Bitcoin to a burn address.”
Meanwhile, Bridgewater Associates founder Ray Dalio warns that the US is closer to a financial crisis than growing debt.
US debt has long been a concern, but has been ignored by policymakers. According to the Non-partisan Congressional Budget Office, the “Big Beautiful Building,” recently enacted by US President Donald Trump, is projected to add $3.4 trillion to its debt over the next decade.
