Defeat the Debt educates US citizens on the national debt crisis and encourages them to submit ideas on how to improve it. The project simplifies complex financial problems and uses costumes and signs to gain exposure. The US national debt exceeded $14 trillion in 2011 and is projected to increase by $4 trillion by 2020. The project has been criticized for pushing conservative ideas.
Defeat the Debt is a project that educates US citizens about the true extent of the national debt. It is part of the Employment Policies Institutes (EPI), which is an organization that researches employment-related problems and advocates for solutions. The Defeat the Debt Project presents figures and scenarios for the average American to understand America’s debt crisis. This project encourages people to submit ideas on how to improve the national debt and vote on them. The project gets exposure through print ads, online videos, and people dressing up in costumes.
In 2011, the US national debt exceeded 14 trillion US dollars (USD). According to some economics experts, that debt was projected to increase by $4 trillion by 2020. The Defeat the Debt project seeks to draw attention to this problem and give people ideas on how to fix it. For example, the project website pointed out that the vast majority of US politicians lack the expertise to solve the problem themselves. He also talked about how the debt is growing faster, even though many attempts have been made and plans have been proposed to stop the crisis.
Defeat the Debt aims to explain complex financial problems in simple terms. Talk about deficits and debt by applying the terms to credit cards and borrowing money from other people. For example, buying $1,000 USD in goods when a person only has $900 USD creates a $100 USD shortfall, which puts that person in debt until it can be paid. Some of the project’s solutions have come under criticism, with people saying the organization has an alternative agenda. Indeed, the project has been accused of distorting the facts to push conservative ideas, such as no extra taxes on the wealthy.
The project is a non-profit organization that for the first time gained visibility in an unusual way. In addition to the standard print ads and online videos, Defeat the Debt saw people dressing up as Uncle Sam and holding up cardboard signs indicating changes in “12 trillion $$$ in debt. PLEASE HELP.” Uncle Sam is the personification of the American government, usually shown as an older man wearing a red, white, and blue business suit. The cardboard signs were similar to the signs that homeless people use to ask for money. By having “Uncle Sam” beg for trillions of dollars on a sidewalk, the Defeat the Debt project was drawing attention to the US financial dilemma.
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