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Reduce America's Foreign-Owned Debt

Target: U.S. Congress
Sponsored by: IOUSA: The Movie

We're taught early on: don't buy things you can't afford, but our Government didn't seem to pay attention. The official national debt is approaching $10 trillion. But that's not the whole story. The "real national debt," which includes both current liabilities and unfunded promises for entitlement programs, is $53 trillion. That's $175,000 of debt for each and every American.

$2.4 trillion of that $10 trillion national debt is in the hands of foreign governments, half of which is in the hands of just two countries: Japan and China. In the long term, this figure is expected to skyrocket and America could struggle to negotiate with its foreign creditors.

Finding buyers for American treasury bonds is usually considered a good thing, but China is a problematic creditor due to potential strategic conflicts. Sending a "sell" order that roils markets may not give China a veto over U.S. foreign policy, but it can increase the cost of any U.S. policy that China opposes.

As it stands, every American taxpayer's share of current foreign-owned debt is $19,750. Don't you think it's time Congress paid attention?

deadline: Ongoing...
goal: 15,000
 

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We're taught early on: don't buy things you can't afford, but our Government didn't seem to pay attention. The official national debt is approaching $10 trillion. But that's not the whole story. The "real national debt," which includes both current liabilities and unfunded promises for entitlement programs, is $53 trillion. That's $175,000 for each and every one of us.

Rising health care costs are outpacing overall economic and income growth and, absent dramatic and fundamental reforms, eventually could bankrupt the country. Based on our current entitlement and other spending, taxes would have to more than double over the next few decades in order for the government to pay its bills and deliver on its promises. What kind of example does that set for many Americans who struggle to save even a small amount?
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Sincerely,
[Your name here]
We signed the “Reduce America's Foreign-Owned Debt” petition!
# 4,912:
8:36 am PST, Dec 4, Rika Toll, Utah
# 4,911:
4:37 pm PST, Nov 27, Aloki Patel, Connecticut
# 4,910:
10:58 am PST, Nov 25, Name not displayed, Massachusetts
# 4,909:
9:06 pm PST, Nov 22, Richard Franco, Minnesota
# 4,908:
10:54 am PST, Nov 18, Adriana Guastavino, California
# 4,907:
6:06 pm PST, Nov 15, Hannah Raines, Tennessee
# 4,906:
1:42 pm PST, Nov 15, Name not displayed, New York
# 4,905:
2:20 pm PST, Nov 10, Dan Uncles, Delaware
# 4,904:
9:48 pm PDT, Oct 29, Jim Phillips, California
# 4,903:
8:44 pm PDT, Oct 24, Linda York, Washington
# 4,902:
8:14 pm PDT, Oct 23, Kristina O'Brien, New York
# 4,901:
3:51 pm PDT, Oct 23, Name not displayed, California
I strongly believe that everyone in USA must know English Languages
# 4,900:
10:00 pm PDT, Oct 19, Brian Reynolds, New Jersey
# 4,899:
7:04 pm PDT, Oct 19, Lori Wojciechowski, Florida
# 4,898:
10:57 am PDT, Oct 16, Arthur Harreden, California
Foreign country should not own our America. Our country,America belong to U.S.A. citizens
# 4,897:
12:29 am PDT, Oct 15, Cheryl Marsh, California
# 4,896:
10:20 pm PDT, Oct 14, Cindy Andersen, Illinois
# 4,895:
3:57 am PDT, Oct 10, Simos Tarabatzis, Greece
# 4,894:
2:56 am PDT, Oct 8, David Raymond, Louisiana
# 4,893:
6:16 pm PDT, Oct 7, Alan Ferkinhoff, Rhode Island
# 4,892:
11:06 am PDT, Oct 6, Rachel Rosenzweig, Massachusetts
# 4,891:
11:50 pm PDT, Oct 4, Stevenb Crosmer, Florida
# 4,890:
3:19 pm PDT, Oct 4, William Lenox, Ohio
# 4,889:
9:12 am PDT, Oct 4, Michelle Morrison, Arizona
# 4,888:
9:32 pm PDT, Oct 3, Jan Mcconnell, Pennsylvania
# 4,887:
1:42 am PDT, Oct 3, Jennifer Cooper, Virginia
# 4,886:
10:32 am PDT, Oct 2, Suzanne Smith, Maryland
# 4,885:
9:36 am PDT, Oct 2, Andrew Davis, Kansas
I can't just keep borrowing money to buy the things I want to buy. Especially if I already have outstanding debt. Doing so would be irresponsible, given that my children would inherit the price tag.
# 4,884:
7:33 pm PDT, Oct 1, Stephanie Brock-Gruber, Virginia
# 4,883:
9:29 am PDT, Oct 1, Christopher Lish, California
# 4,882:
9:59 pm PDT, Sep 30, Nancy Okita, Illinois
# 4,881:
7:34 pm PDT, Sep 30, Name not displayed, New York
# 4,880:
8:51 pm PDT, Sep 29, Christine Baker, Colorado
# 4,879:
12:04 pm PDT, Sep 29, Chelsea Ladd, California
# 4,878:
9:05 am PDT, Sep 29, Sandra Moskovitz, New Jersey
# 4,877:
7:45 pm PDT, Sep 28, Name not displayed, North Carolina
# 4,876:
3:19 pm PDT, Sep 28, Jazmin Mitchell, California
# 4,875:
1:58 pm PDT, Sep 28, Jessica M-E Nitsch, Nebraska
# 4,874:
1:48 pm PDT, Sep 28, P. Hyde, Texas
# 4,873:
6:13 pm PDT, Sep 27, Jessica Hoffman, Colorado
# 4,872:
7:42 am PDT, Sep 27, Necole Cook, Virginia
# 4,871:
11:33 pm PDT, Sep 26, Rebecca King, Colorado
# 4,870:
9:43 am PDT, Sep 26, Jacquelynn Maruffo, Florida
# 4,869:
5:20 pm PDT, Sep 25, Sandee Bates, California
# 4,868:
4:47 pm PDT, Sep 25, Eric Wells, California
# 4,867:
2:50 pm PDT, Sep 25, Kim Rawlings, Kentucky
# 4,866:
12:47 pm PDT, Sep 25, David Buck, California
# 4,865:
9:10 am PDT, Sep 25, John Donaldson,ll, West Virginia
# 4,864:
8:37 pm PDT, Sep 24, Name not displayed, Wisconsin
# 4,863:
12:32 pm PDT, Sep 24, Benjamin Etgen, California
A necessity!
# 4,862:
10:26 am PDT, Sep 24, PABLO GRIFFITH, California
# 4,861:
10:17 am PDT, Sep 24, Nicole Solano, New Jersey
# 4,860:
4:32 am PDT, Sep 24, Carolyn Miller, Delaware
# 4,859:
9:04 pm PDT, Sep 23, Patrick De La Garza Und Senkel, Texas
# 4,858:
7:43 am PDT, Sep 22, Name not displayed, New Jersey
# 4,857:
4:05 pm PDT, Sep 21, Samantha Butler, Ohio
# 4,856:
10:33 pm PDT, Sep 20, Christine Neal, Indiana
# 4,855:
11:45 am PDT, Sep 20, Earl Stephens, Florida
# 4,854:
8:52 pm PDT, Sep 19, Sharon Jonas, California
# 4,853:
7:32 pm PDT, Sep 19, Name not displayed, Florida
Someone has to pay for all the accumulated debt that has been caused by faulty fiscal policies and I think the middle class has been squeezed to its limit. If the Republican Party and the Democratic party and big business thinks this should be business as usual, they should think again and come up with some new innovative ideas on how to turn our debt situation around or there will be not democracy to pass to future generations. It appears that those at the top don't seem to care and I hope and trust that this is not the case but it is only an appearance. I hope our leaders stand up for our civilization and do the right thing.
# 4,852:
3:41 pm PDT, Sep 19, Mildred Martins, Hawaii
We are losing our constitutional rights and beginning to be owned and controled by the rich international bankers and US corrupt government officials. We are fighting unnesessary wars for the profits of the rich elite people. They want to control the world.
# 4,851:
11:25 am PDT, Sep 19, Judith Pautz, Louisiana
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