Friday, June 04, 2010

U.S. Treasury Taking Donations To Reduce National Debt

NPR broadcast a story today on efforts by individual Americans to reduce the federal government's debt.  The U.S. Treasury has had the equivalent of a sinking fund for some time.  A small number of patriotic Americans are willing to dig into their pockets of their own volition and throw money into the gaping maw of Uncle Sam's bag of IOUs.

That's cute.  Really.

I'm not inclined to tell people that their hobbyhorse is an exercise in futility.  I'd rather just wait for the day when the government quietly defaults on most of its obligations.