Tell Congress: GAO must give a FULL accounting of the debt CHINA owes to AMERICA

Congress has to WITHHOLD the interest owed China as an offset to the $750 billion THEY owe American citizens.

From 1900 to 1949 the Chinese Government issued hundreds of millions of dollars in sovereign debt-most notably, a large tranche of £25,000,000 issued at 5 percent in 1913. Backed by the full faith and credit of the Chinese Government, these bonds were sold to investors in the United States, Japan and Europe by international banks, primarily HSBC and Deutsche Bank, and were widely acquired by both banks and governments. The U.S. government holds a substantial portion of these bonds and, like more than 20,000 private U.S. investors, is entitled to remuneration.

When the Communist Party overthrew the government in 1949, the new People's Republic of China (PRC) has selectively refused to recognize or honor the bond obligations of the governments it succeeded. In the case of the debt owed to the United Kingdom, however, the PRC settled its obligations in 1987. Now, they need to settle their obligations to US.

The GAO needs to conduct a complete and accurate inventory of all U.S. Government holdings of all Republic of China sovereign bonds issued between January 1, 1900 and December 31, 1949, whether considered to be in default or not. In an era when sovereign debt obligations are critical, the U.S. Government should recognize ALL of its creditor relationships.

We need to add up exactly what China owes America, and refuse to pay them what they say we owe THEM until they pay US back -- instead of any more increases in our debt ceiling. GAO must give a FULL accounting of the debt CHINA owes to AMERICA. Congress has to WITHHOLD the interest owed China as an offset to the $750 billion THEY owe American citizens.

Public Comments
Nov 30th, 2014
David s. from Killen, AL signed.
Nov 4th, 2014
Mark K. from Meriden, KS signed.
Nov 4th, 2014
Mark K. from Meriden, KS signed.
Nov 2nd, 2014
Alexxandria H. from Florence, AL signed.
Nov 1st, 2014
Alice S. from Huntsville, AL signed.
Sep 18th, 2014
Andrea K. from Thelma, KY writes:
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Why don't we add up what they owe us and just subtract it from our debt. We shouldn't give them a choice. This is still the United States of America isn't it?
Apr 15th, 2014
Leslie D. from Rolla, MO signed.
Feb 19th, 2014
JESSE NELSON N. from Pompano Beach, FL writes:
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Feb 4th, 2014
Andrew G. from New Orleans, LA writes:
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Make Them Pay
Jan 23rd, 2014
michael s. from Newport, TN signed.
Jan 23rd, 2014
tyrone b. from Burnet, TX writes:
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Figure out what china owes us plus the penalties due for non payment and deduct it from what we owe china. Please do this promptly. thank you ,t.b.
Jan 3rd, 2014
Someone from Heathsville, VA signed.
Dec 25th, 2013
ELMA C. from Edinburg, TX signed.
Nov 26th, 2013
Mark S. from Fresno, CA writes:
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Please stop over spending and gt whats owed to our US citizens. American First
Nov 17th, 2013
Rick B. from Saint Louis, MO signed.
Oct 31st, 2013
Mike X. from Rego Park, NY writes:
Quotation mark icon know this money is owned by Taiwan right? The CCP didn't even come to existence until end of 1949. It is like saying U.S Gov have to pay debt to the British who supported the confederates...which btw, is actually stopped by an amendment. So call Taiwan and demand the $$
Oct 30th, 2013
JAMES W. from New York, NY signed.
Oct 30th, 2013
liz p. from Central Islip, NY signed.
Oct 18th, 2013
Peggy M. from Franklin, KY writes:
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If China owes this 750 billion , make them pay or subtract this amount from our debt to China. Fair is fair.
Oct 15th, 2013
freddie s. from San Diego, CA signed.
Oct 8th, 2013
Karen R. from Independence, LA signed.
Oct 7th, 2013
Someone from Garden City, ID signed.
Aug 28th, 2013
K P. from Smiths Creek, MI signed.
Jul 18th, 2013
Robert L. from Old Hickory, TN signed.
May 28th, 2013
steve f. from Bristol, PA signed.
May 22nd, 2013
Steven M. from De Soto, KS writes:
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There is so much going on that doesn't make sense. I can't believe more Americans aren't demanding answers. We continue to allow nonsensical decisions to be made in Congress and passively go about our lives. I feel like I'm in the Twilight Zone.
Apr 24th, 2013
Robert K. from Rochester, NY signed.
Apr 17th, 2013
Someone from San Diego, CA signed.
Apr 15th, 2013
Stephan A. from Miles City, MT writes:
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What is wrong with our Leaders demanding foreign debts being paid in full? Answer: Our Leaders
Apr 4th, 2013
Matthew N. from Spring, TX signed.
Apr 4th, 2013
Richard L. from Nixa, MO signed.
Mar 27th, 2013
Jeremy B. from Birmingham, AL signed.
Mar 4th, 2013
Steve K. from San Jose, CA signed.
Mar 3rd, 2013
Angie L. from New River, AZ signed.
Jan 31st, 2013
Antonio R. from Miami, FL writes:
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I need a government answer and justice as bondholder. China paid britisg citizen and negotiate with France, WHY NOT US?
Jan 29th, 2013
Chezslav N. from Northbrook, IL writes:
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It is time to step up and force China to cover these bonds and the debt that have built up. The redemption of these bonds will help those holding them, the states and the federal debt. Stop wasting time on nonsense and get this done NOW!
Jan 28th, 2013
Someone from Olathe, KS signed.
Jan 18th, 2013
Ken J. from Greenup, KY signed.
Jan 3rd, 2013
Alexander D. from North Providence, RI writes:
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WE need to cut all spending with a commies.. we are for freedom they are to crush it free our dept. close our national dept... Just do it our so called leaders
Dec 4th, 2012
virginia d. from Westmoreland, TN signed.