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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
May 16th, 2012
Max R. from New Rockford, ND signed.
May 16th, 2012
Someone from Laurens, IA signed.
May 15th, 2012
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May 14th, 2012
Someone from Phoenix, AZ signed.
May 14th, 2012
Someone from Phoenix, AZ signed.
May 14th, 2012
Mike G. from Surprise, AZ signed.
May 14th, 2012
Someone from Champlin, MN signed.
May 13th, 2012
John C. from Greer, SC signed.
May 13th, 2012
Someone from Biddeford, ME signed.
May 12th, 2012
Daniel M. from Bell, CA signed.
May 11th, 2012
Someone from Phoenix, AZ signed.
May 10th, 2012
David D. from Manahawkin, NJ signed.
May 6th, 2012
JAMES ,LINDA G. from Edinburg, TX signed.
May 6th, 2012
KENNETH W. from Montgomery, AL signed.
May 5th, 2012
Natalie H. from Mankato, MN signed.
May 3rd, 2012
Someone from Phoenix, AZ signed.
May 2nd, 2012
John C. from Greer, SC signed.
May 2nd, 2012
Someone from Phoenix, AZ signed.
Apr 29th, 2012
JAMES ,LINDA G. from Edinburg, TX signed.
Apr 29th, 2012
Roxanne E. from Lakeville, MN writes:
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Why stop at what China owes the United States? There are several countries who the United States pays money to. How much do these other countries owe us?
Apr 29th, 2012
Natalie H. from Mankato, MN signed.
Apr 28th, 2012
Carol H. from Newton, KS signed.
Apr 27th, 2012
Someone from Bettendorf, IA signed.
Apr 27th, 2012
Christopher W. from Fairview, TN signed.
Apr 21st, 2012
francis f. from Pinellas Park, FL writes:
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If obama makes a deal with china, he makes a deal with the devil. China owes and must pay.
Apr 20th, 2012
Someone from Piscataway, NJ writes:
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People need to contact their representatives in Congress/Senate to find out what's going on and why they will not create a bill to deal with this issue. These foolish comments about the administration shows how easily people can be hoodwinked and believe everything they here by the "pundits" is the truth. Get rid of the politics and demand action from your with your representatives! If they really wanted to do this it would have been done long ago. Get rid of the politics
Apr 20th, 2012
Someone from Plano, TX writes:
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People wake up this person in the white house does not care about the USA this is an outrage and i hope Americans realize this sooner than later. GOD BLESS AMERICAN
Apr 19th, 2012
Bud L. from Wasilla, AK signed.
Apr 19th, 2012
Stephen & Anne F. from Poplarville, MS writes:
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This is just not right-this president is in bed with every one of our Enemies-Russia, China, Iran... you want me to go on with the list? I can!
Apr 17th, 2012
Gary B. from Springfield, NE signed.
Apr 16th, 2012
David E. from Manchester, TN signed.
Apr 16th, 2012
Amira T. from West Orange, NJ writes:
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I know that my representatives do not represent me. I know they do not pay attention to what I'm saying. HOWEVER, I think you should know what We, The People, think. I know I cannot count on you, but I am stil telling you what I think! Hopefully, the people in this state will one day wake up and understand what you are doing at our expense!
Apr 16th, 2012
Dwight S. from Gladys, VA signed.
Apr 16th, 2012
Terry M. from Harrison, OH writes:
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Collect the debt China ran up with USA from 1900 to 1949 with interest. Then QUIT borrowing from the nation that wants to destroy us.
Apr 15th, 2012
Someone from Green Cove Springs, FL writes:
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Iwant all America to know..Thanks
Apr 15th, 2012
Natalie H. from Mankato, MN signed.
Apr 14th, 2012
monica j. from Redondo Beach, CA signed.
Apr 13th, 2012
Someone from Sacramento, CA signed.
Apr 12th, 2012
Someone from Norwalk, CA writes:
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Give the money back to the America people now !!
Apr 12th, 2012
Francisco A. from San Antonio, TX signed.