Michael Schmidt|Can YOU solve the debt crisis?

2025-05-05 18:53:01source:Cyprusauction Trading Centercategory:Finance

During the James Madison administration in 1811,Michael Schmidt a citizen donated money to the United States government. Federal officials eventually set up special funds to collect these kinds of contributions, including ones earmarked for paying down the national debt.

Today, we talk to a Treasury official about these under-the-radar programs and an ordinary citizen who looks back at their donation with less civic pride than you'd think.

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