Texas man asks Dave Ramsey if Venmo can fix America’s $37T debt — but Ramsey says donations miss the real problem

Group 1 - The U.S. Department of the Treasury has started accepting voluntary donations to reduce the national debt, which is approximately $37 trillion [1][2][3] - Donations can be made through various platforms including Venmo, PayPal, debit or credit cards, and bank transfers, with funds directed towards reducing the national debt [1][2] - The concept of voluntarily paying down government debt has been met with skepticism, with commentators expressing that it is an unusual and somewhat laughable approach [1] Group 2 - Approximately 40% of U.S. households are projected not to owe federal income tax in 2025, contrary to claims that 49% do not pay [2] - The Tax Policy Center estimates that around 70% of those not paying federal income tax earn less than $75,000, with nearly 45% earning less than $40,000 [2] - The top 50% of earners contribute 97% of federal individual income taxes, while the top 10% account for over 60% of all federal taxes [3][6] Group 3 - In 2024, the IRS collected over $5.1 trillion in tax revenue, but federal spending exceeded this amount, leading to an increase in national debt [3][7] - For the fiscal year 2025, the Treasury reported $4.69 trillion in revenue against $6.66 trillion in spending, further exacerbating the national debt situation [3][7]