La Conner man works to end national debt, one payment at a time
Aug 9, 2011, 12:49 PM | Updated: Oct 10, 2012, 7:28 am
A La Conner man didn’t see an end in sight for the nation’s troubling economic problems, so as a beneficiary of the country’s spending, he set up a non-profit organization to pay down the debt.
Ed Baker, brainchild of the Foundation for National Debt, says the end goal is simple: “To eliminate the debt and pass on a country that it much stronger than it is right now to my children and their children.”
Baker said he saw the rhetoric of the diametrically opposed political views and didn’t see a compromise coming. The money to solve nation’s problem would have to come from somewhere else.
So he started the Foundation for No U.S. National Debt. He wanted people who have had the opportunity to benefit from government money to pay it back, much like you pay down the debt on a personal credit card.
“Our country is deep, deep in debt and this money’s already been spent, so we’ve been deficit spending for many years and we can’t continue to do that,” Baker says. “We need to pay this off, it’s benefited my generation, but we can’t leave the next generation with our debt.”
Baker says that within the week that the non-profit’s website has been set up, they’ve received half a dozen donations and raised over $1000.
Before donating to any non-profit organization, you’re urged to check its validity.
