Debt Holders: First country, which is a major US debt holder, to publicly offer a legally-binding...

...agreement to forgive the US debt to it if the US government adds a strong balanced budget amendment to the US Constitution, returns to the gold standard, and eliminates the Federal Reserve OR Future Challenge #7 and #9 of the "National Debt" challenge are achieved.  A “strong” balanced budget amendment means that the US government can only run a deficit during a congressionally-declared war; that the US President is given a line-item veto and is required to balance the budget if an unbalanced one is presented to him; and that the budget can be challenged by any US congressperson in federal court as to whether it is truly balanced.  [By returning to a gold standard and eliminating the Federal Reserve, the US government can no longer print money whenever it wants to and thus cannot devalue its own currency.  Expect nations that export heavily to the US to offer the above.  By doing so, an exporting country will strengthen the US Dollar and weaken its own currency, which will make its exports even more affordable to US consumers.  It would not be surprising if China (which holds over $1 trillion in US debt) is the first country to make this offer.]

The offering country must hold at least $100 billion in US debt and make this offer at a press conference where members of the international press are invited.  The country must also advertise this offer in two-minute English-language TV ads on ABC, CBS, NBC, Fox Broadcasting Network, CNBC, CNN, Fox News Channel, and the History Channel in the USA and air those ads at least 200 times on each of those TV networks during their prime-time.
 
[This will be a humiliating event for the US government.  Another country pleading with the US government to act fiscally responsible.  While national pride might not let the US accept such a generous offer, it will at the very least be the biggest and much-needed kick-in-the-ass to the US Congress and US President to finally pass a Balanced Budget Amendment to the US Constitution to rein in its spending and eliminate its national debt.]

Future Challenges:

1) First comedy TV show in a non-US country to run a live telethon to bribe ("encourage") the US government to add a strong Balanced Budget Amendment to the US Constitution, return to the gold standard, and eliminate the Federal Reserve.  [The idea is to humiliate the US Congress, US President, and the American people to start acting fiscally responsible so the USA can set an example for the rest of the world and because it is the world's largest economy that affects all the other economies in the world.]  The US' national debt clock must appear in the background on the TV set with, in comparison, the incredibly tiny amount of money their telethon has raised so far underneath it.  The money raised must be real and the offer to give it to the US government if it does the three things must be legally binding.  The telethon must air live during the entire length of what would be both its country's prime-time and prime-time in the US' Eastern and Central Time Zones.  If those two prime-times are not the same, the telethon must start during the country's prime-time and end during the US' prime-time.  [Very likely the country best able to pull this off would be Great Britain due to its renown dry sense of humor.  Doing the telethon as if it wasn't a joke but a serious endeavor.  John Cleese would probably make a great host for such a special.]

2) First US broadcast or cable TV network to air live, in its entirety, a telethon as outlined in Future Challenge #1.  The telethon doesn't have to be the one that wins FC #1.  The telethon must provide a toll-free telephone number for US citizens to be able to donate to the telethon and regularly show this number on the TV screen.

First non-US radio talk show host to champion this challenge and:

3) Solo emcee the telethon outlined in Future Challenge #1.

4) Get the national leaders of the USA's top ten biggest lending countries to individually appear on her/his show and discuss the challenge for at least five minutes.

5) Get the Chair and Vice Chair of the US House Committee on the Budget to appear on the show and discuss the challenge for at least fifteen minutes.

6) Get the Chair and Vice Chair of the US Senate Committee on the Budget on their show and have them discuss the challenge for at least fifteen minutes.

7) Get the Speaker of the US House to appear on her/his show and discuss the challenge for at least fifteen minutes.

8) Get the Majority Leader of the US Senate to appear on her/his show and have them discuss the challenge for at least fifteen minutes.

9) Get the Secretary of the Treasury on her/his show and have them talk about the challenge for at least fifteen minutes.

10) Get the US President on their show and have her/him discuss the challenge for at least five minutes.

11) Get the national leader of any country which holds US debt to officially make this offer to the USA on her/his show.  The country doesn't have to have at least $100 billion in US debt.

12) Get the national leader of any country which holds at least $100 billion US debt to officially make this offer to the USA on her/his show.

Discussion:
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