Why isn't there a war bond drive to fund the War on on Terrorism?

mondoman

[mondoman]

Why isn't there a war bond drive to fund the War on on Terrorism?

During WWII, 85 million US citizens financed over $185 Billion on a voluntary basis. There were eight (8) nationwide campaigns throughout the war featuring patriotic celebrities, entertainers, war hero's and leading citizens who rallied the common folk in massive demonstrations of support for the troops.

War Bonds are an alternative to tax increases or deficit spending, and, would enlist citizen financial participation and public support of the War on Terrorism.

Mondoman, Westminster, Colorado

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If you agree with this message, please, replace with your name and: 1. copy all your like-minded friends 2. copy your local newspaper letter-to-the-editor; talk radio hosts, TV networks 3. send a copy to the Chairman of the Senate Finance Committee, Senator Chuck Grassley (http://grassley.senate.gov/webform.htm); Speaker of the House, Denny Hastert (speaker@mail.house.gov) 4. send a copy to your Congressman and Senators. (http://www.senate.gov/) (http://www.house.gov/)

[areafiftyone]

You know I have been wondering about that too.

[af_vet_rr]

Here in a few weeks there will be a drive to pay for the war, and the IRS will be collecting the money.

[Texas_Jarhead]

there is. they're called T Bills

[First_Salute]

1.25% ?

[First_Salute]

Bump.

[Libertys Kid]

a great idea

[First_Salute]

Shh . . .

It's all part of the plan . . .

[The Old Hoosier]

The government has to borrow that money. There's a limit on how much they can borrow, and we're constantly increasing that limit by more than we're supposed to anyway.

[mondoman]

I've been asking this question since last week and not seen or heard anything in the press. "I'm sure there is a good reason, right".

I'm hoping that more people will start asking.

[eyespysomething]

There is.
Series EE Patiot Bonds

http://www.publicdebt.treas.gov/ols/olshome.htm

[APBaer]

1. not enough time
2. gave at the office (April 15th)
3. war bonds have no effect on deficit spending.
Funds the government gains by selling secutities, "war bonds" or otherwise are not free, found money. "government deficits" are covered by borrowings, two sides to same coin

[mondoman]

They want to borrow it anyway with fungible accounts. Let's hold their feet to the fire.

[lsee]

[Uncle George]

I know BOB HOPE will try to lend support to a war bond drive, even if his 100th birthday is near. And Snow Bunny will give her great support also.

[eyespysomething]

More:

http://www.treas.gov/education/faq/international/terror.html#q3

Is the United States Government planning to sell War Bonds again to raise funds to pay for the war on terrorism?



AS OF NOVEMBER 19, 2001

On November 16, 2001, the Treasury Department announced that it will designate Series EE savings bonds that are sold through financial institutions as "Patriot Bonds." The funds that are raised by the sale of these bonds, will not be earmarked for a specific purpose, but will contribute to the Federal government's overall effort to fight the war on global terrorism.

These Series EE savings bonds will be specially inscribed with the legend "Patriot Bond." The legend also will appear on Series EE bonds available at the Bureau of the Public Debt's Savings Bond Direct web site. The Series EE savings bonds earn 90 percent of the 5-year Treasury securities yield. The rate in effect through April 2002 is 4.07 percent. The bonds sell at half of their face value and are available in denominations of $50, $75, $100, $200, $500, $1,000, $5,000 and $10,000.

[mondoman]

So you're saying the financiing mechanism is in place, why not the public rallies for a War Bond Drive? That woud show up the non-participants from "Hollyweed", and allow supporters a VERY public forum....

This war is going to go on for a long time, time to get serious about funding.

[eyespysomething]

Yes, now that I would agree with. People are not aware of these, I just happened across them, and I don't even remember how.

Plus, the money raised is not "guarenteed" to go to the War on Terror, just to put money in the coffers of the gov't.

[kellynla]

"War bonds ARE deficit spending." Exactly. We will be paid off by Iraq. Free gas until the war debt is paid. :-) I know, I know, I am dreaming. But it is a very nice dream. LOL