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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
Apr 12th, 2012
Someone from Gallipolis, OH signed.
Apr 12th, 2012
Someone from Missouri City, TX signed.
Apr 11th, 2012
Someone from Salem, OH signed.
Apr 10th, 2012
Someone from Thousand Oaks, CA signed.
Apr 8th, 2012
Larry L. from Twin Peaks, CA signed.
Apr 8th, 2012
Someone from Phoenix, AZ signed.
Apr 6th, 2012
Someone from Portland, OR signed.
Apr 5th, 2012
bryan s. from Orland Park, IL signed.
Apr 4th, 2012
Santo A. from Thomasville, NC signed.
Apr 4th, 2012
Someone from Dunnellon, FL signed.
Apr 3rd, 2012
Someone from Rockledge, FL writes:
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This will not fix our debt problem, but it will go a long way towards regaining some of our integrity as a nation. It is a sad state of affairs when a people are held accountable for debts that they did not acrue to a country that owes "us".
Apr 3rd, 2012
Shonna R. from Casper, WY signed.
Apr 1st, 2012
Someone from Pensacola, FL writes:
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Make China "man up" and pay the US what they owe us. STOP this raising our debt ceiling. Every time another country needs money, they look to the US and our government gives it to them. It's time they started paying us back what they owe us.
Mar 31st, 2012
John W. from Powell, OH signed.
Mar 31st, 2012
Jearldean E. from Ellsinore, MO signed.
Mar 30th, 2012
Someone from Knob Noster, MO signed.
Mar 30th, 2012
rykki e. from Enid, OK signed.
Mar 30th, 2012
john f t. from Venice, FL writes:
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NO MORE DEBT INCREASES MAKE CHINA PAY US WHAT THEY OWE US. STOP OBAMAS MADNESS..........
Mar 29th, 2012
Pauline M. from Winterville, GA signed.
Mar 29th, 2012
ray s. from Pinckneyville, IL writes:
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how about russia,germany, japan. from ww2?
Mar 29th, 2012
Natale H. from Mankato, MN signed.
Mar 28th, 2012
Someone from Kissimmee, FL writes:
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TOTAL TRUTH..AND TRUTH SETS US FREE..OUR SENATORS,CONGRESSMAN/WOMEN ETC WE HAVE VOTED INTO OFFICE NEED TO GET A BACKBONE AND QUICK FLIP FLOPPING! THERE ARE A FEW AND WE KNOW WHO THEY ARE...FOR THOSE WHO STAND FOR USA...I PRAY GOD GIVES YOU EXTRA STRENGTH IN THE DAYS AHEAD...
Mar 28th, 2012
Someone from Fort Lauderdale, FL signed.
Mar 28th, 2012
Someone from Pawleys Island, SC writes:
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If this is true.....What a trajedy and failure by our government. Hold them responsible!!
Mar 28th, 2012
Michael E. from Pawleys Island, SC writes:
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If this is true.....What a trajedy and failure by our government. Hold them responsible!!
Mar 28th, 2012
Someone from Saint Petersburg, FL signed.
Mar 27th, 2012
john c. from Fort Myers, FL signed.
Mar 27th, 2012
Someone from New Haven, CT signed.
Mar 27th, 2012
Daniel G. from Parker, CO signed.
Mar 26th, 2012
Charles M. from Cedartown, GA writes:
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Pay up!!!
Mar 26th, 2012
Fred T. from Naples, FL signed.
Mar 26th, 2012
Catherine B. from Sterling Heights, MI signed.
Mar 26th, 2012
Someone from Norwalk, CA signed.
Mar 26th, 2012
brian s. from Spanaway, WA signed.
Mar 25th, 2012
Andrea M. from Temecula, CA signed.
Mar 25th, 2012
Edward O. from Tucson, AZ writes:
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China plays by only their rules and ignore the International rules. They owe the USA Trillions and dollars and should be held to the same accountability as they are holding us or we stop payment to them. They need to pay their bills as we are expected to pay ours and since they owe us much more than we them I say it is time to stick it to them and if they do not like it, we can stop providing them anything and return all the jobs they benefit from the USA back to the USA for American Citizens to have!
Mar 25th, 2012
Joyce K. from Carrollton, TX signed.
Mar 25th, 2012
Jackie B. from Shirley, AR writes:
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Time to stop apologizing and start collecting!! The truth be told America don't owe anybody anything, after all we have done for other countries.
Mar 25th, 2012
Barbara D. from Rocky Point, NC writes:
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This is absolutely ridiculous that Britain forced them to pay but even the UN is not helping us recover what they owe us...What is the matter with our congress that they can't stop this charade? China laughs all the way to the bank over this and it is so very wrong-cheating us all, right?????
Mar 25th, 2012
Doreen P. from Scranton, PA signed.