The debt crisis is an issue that crosses all party lines. This is the charity that benefits all of us.
Binghamton, NY (PRWEB) July 27, 2011
Most Americans feel that solving the national debt crisis is vital to their own future and their children’s. Yet, as they read the daily headlines about how our federal government is struggling with the debt, many individuals wonder if they have the power to do anything about it. Seth Eisenberg is not only doing something about it, he is also making it possible for all Americans to have a direct impact on being a part of the solution to our national debt crisis.
Eisenberg has made the public debt a mission that anyone can influence by supporting the Association to Reduce the National Debt, a not-for-profit charitable organization dedicated to helping reduce the national debt (http://www.reducethenationaldebt.org).
“As I talked with my friends and family about the national debt, everyone expressed serious concern about the problem and a sense of helplessness as they watched the politics play out in Washington. I became determined to find a way that all Americans could be part of the solution by helping reduce the debt through individual contributions,” said Eisenberg. “I researched federal law and found that I could set up an organization that would make contributions to reduce the debt and that the government would be required to use those contributions to pay down the debt. In other words, our money is kept out of the hands of the politicians. The money goes directly where it is needed - to paying down the debt. That puts tremendous power in the hands of individual Americans – not only to reduce the debt, but to send a message to our elected officials.”
Eisenberg decided to take the issue to the public. He formed a not-for-profit charity and created a web site publicizing the urgent importance of reducing the public debt and enabling Americans to make contributions to reduce the debt. Eisenberg feels that the contributions he has made are an investment in our future. “Every dollar not spent on the interest payments for our national debt can be spent on improving our nation’s economic prosperity and stability for our families, our children, and future generations. By paying down the debt, we are supporting the full faith and credit of the United States, which will help stabilize our economy.”
Today, America is spending over $413 billion per year on interest payments for its debt alone. By reducing the national debt, America will be able to save the money wasted on interest and invest in creating jobs, promoting economic stability, improving roads and bridges, providing education, hiring firefighters and police, improving health care, defending our nation, developing renewable energy, and protecting the environment.
What’s more, our national debt is weighing down an economy attempting to rebound. A high national debt fuels economic instability. Traditionally, investing in United States government securities and in the dollar was considered a safe bet. As our public debt rises, confidence in our ability to repay these debts is diminished, and investors are less likely to invest in the United States. As a result, the value of the dollar drops and interest rates rise, making it harder for Americans to buy cars and homes and for businesses to invest in growth. Reducing the national debt shows the world that the United States can and will pay its bills. This helps stabilize the value of the dollar.
Asked if individual donations can actually have an impact on the national debt, Eisenberg responded, “Every dollar counts. If just one out of every four Americans donates $40.00, we would raise over $3 billion to help reduce our national debt. If they each contributed $100, we would raise nearly $8 billion. That would make a profound impact. Remember, we do not need to pay the national debt off in full, but to help reduce the size of the national debt to manageable levels to ensure financial stability.”
According to Eisenberg, “Early reception to the Association to Reduce the National debt has been largely positive. Comments on our Facebook page demonstrate there is broad and diverse interest in solving the debt crisis. Our community is very knowledgeable about the facts and implications and is helping to educate the public.” Eisenberg emphasizes that the Association to Reduce the National Debt is not affiliated with any party or political ideology. “Our sole interests are to reduce the debt and raise awareness about the urgent importance of the debt. This is an issue that crosses all party lines. This is the charity that benefits all of us.”
While donations to reduce the debt are the lifeblood of the Association to Reduce the National Debt, there are many ways to get involved, including: joining the Association community, spreading the word to family and friends, “liking” the Association on Facebook, and engaging social networks on Facebook, Twitter, Google Plus One, and similar media. “The more we spread the word, the more impact and effectiveness our community will have,” said Eisenberg. “We need to make a broad impact and we need to make it now.”
The Association to Reduce the National Debt is a not-for-profit, non-partisan charity dedicated to reducing the public debt and helping to ensure the country's vitality, security, strength, and freedoms.
If you'd like more information, or to schedule an interview with Seth Eisenberg, please call Seth at 607-341-5542 or e-mail him at seth(at)reducethenationaldebt(dot)org.
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