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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
Dec 4th, 2012
paul k. from Reading, PA writes:
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we as citizens of this great country have a right to no how much we owe china
Dec 4th, 2012
Someone from Portland, TN signed.
Dec 2nd, 2012
Paula D. from Roanoke, VA signed.
Nov 26th, 2012
Vicki G. from Lompoc, CA signed.
Nov 20th, 2012
Someone from Riverview, FL writes:
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I'm the average struggling single parent and I hold several China bonds. I would like them redeemed to help my kids and it would help the economy also. It's a win win situation. Thank you
Nov 17th, 2012
Christopher B. from Largo, FL signed.
Nov 16th, 2012
Someone from Piscataway, NJ writes:
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All the discussion about the fiscal cliff seems not to include any talk about China's obligations to the people of the United States.. How can we trust congress to do anything when they display, daily, their hypocrisy and self-serving politics (which over-rides sincerity).
Nov 14th, 2012
Ronald S. from High Ridge, MO signed.
Nov 10th, 2012
Gregory M. from Glendale, CA writes:
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Shame on you senators congressmans, for letting China get away with thish. I urge you to take action on this matter. America is broke and now is the bestntime to collect our debt!!!!!
Nov 6th, 2012
Stephanie F. from Staunton, VA signed.
Nov 5th, 2012
Someone from Amelia, OH signed.
Nov 5th, 2012
linda s. from Oklahoma City, OK signed.
Oct 26th, 2012
Someone from West Shokan, NY signed.
Oct 15th, 2012
William H. from Fayetteville, AR signed.
Oct 10th, 2012
Someone from Evanston, IL signed.
Oct 10th, 2012
Someone from Evanston, IL signed.
Oct 4th, 2012
Gerald S. from Leeds, MA signed.
Oct 1st, 2012
francisca g. from Deering, ND signed.
Oct 1st, 2012
James J. from Graham, TX signed.
Oct 1st, 2012
James J. from Graham, TX writes:
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I WANT A DIRECT ANSWER ON THIS ISSUE..........
Sep 29th, 2012
Antonio R. from Miami, FL writes:
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China paid England and France citizen Why not americans? figth for justice
Sep 27th, 2012
John H. from Souderton, PA writes:
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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.
Sep 24th, 2012
josh b. from Joplin, MO signed.
Sep 23rd, 2012
Eddie P. from Las Vegas, NV writes:
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To all members of congress and treasury department is time to protect the u.s. Intrest from foreign countries specially from china
Aug 22nd, 2012
sandra g. from Pittsburgh, PA signed.
Aug 18th, 2012
PHILLIP L. from Houston, TX writes:
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They're not going to pay because they're the ones backing the UN with military support. They want US property and war. They have forever you idiots, we've been involved in econimic warfare with them for a LONG time now.
Aug 8th, 2012
Robert B. from Chicago, IL writes:
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Congress,you should be ashamed of yourself letting China get away with this.Do something now or the American people week do something about getting rid of you come election time.
Aug 4th, 2012
JAMES,LINDA G. from Edinburg, TX writes:
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MEMBERS OF CONGRESS DO THE MATH ,PROTECT AMERICA INTEREST AND MONEY !!
Aug 1st, 2012
John F. from Hollidaysburg, PA signed.
Jul 30th, 2012
Nicholas M. from Johnson City, NY signed.
Jul 28th, 2012
Mindy M. from Liberty, MO signed.
Jul 22nd, 2012
Mike T. from Northridge, CA signed.
Jul 22nd, 2012
DeDe R. from Beverly Hills, CA signed.
Jul 21st, 2012
Aileen H. from Anchorage, AK writes:
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The America people deserve accountability from Congress and the employees of the Federal Government.
Jul 13th, 2012
Bill M. from Las Vegas, NV signed.
Jul 12th, 2012
Cheryl J. from San Diego, CA signed.
Jul 8th, 2012
Lawrence F. from Winter Haven, FL signed.
Jun 15th, 2012
David O. from Phoenix, AZ writes:
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It's time you do something about getting OUR money back to us.
Jun 15th, 2012
Someone from San Francisco, CA signed.
Jun 14th, 2012
Someone from Phoenix, AZ signed.