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Pledge commercial

Our ad is running on cable news networks across the country.

Commercial Script

Children: I pledge allegiance to America's debt, and to the Chinese government that lends us money. And to the interest, for which we pay, compoundable, with higher taxes and lower pay until the day we die.

Voiceover: American tax payers owe more than $500 million in interest payments every day to cover our government's debt, much of that debt is owe by foreign governments. Go to DefeatTheDebt.com.

Girl: Debt Stinks.

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  • The Treasury Department estimates that our debt to China is approximately $776.4 billion, having grown more than $240 billion in the last year. That is more than $10,000 in debt for the average American working family.

    [Prove it…]

    According to the Department of the Treasury and Federal Reserve Board, China held $776,400,000,000 in Treasury securities as of June 2009. The total estimated population of China was 1,338,612,968 in July 2009. The estimated population of the United States at that time was 307,212,123, according to the US Census Bureau. Therefore, China’s per-capita debt holdings to the United States is $580.00. [Total Securities Debt /Total Chinese Population = $580.00] Each American’s share of that debt is $2,527.24. [Total Securities Debt / Total US Population = $2,527.24]

    This means that every American owes $580 to 4.36 people in China. [$2,527.24 / $580 = 4.36]. According to the 5th National Census taken in 2000, the average Chinese family size was 3.44 people. [Handbook of World Families, Edited by Bert N. Adams and Jan Trost, pg. 93]. This means that an average Chinese family of 3.44 people is owed about $1,995 USD. [3.44 people x $580 per person = $1995.2] The Bureau of Labor Statistics reports that the American civilian labor force was 154,504,000 in July of 2009. Each working American’s share of that debt is $5,025.11. [Total Securities Debt / Total US work force = $ 5,025.11].

    [Close]