Tuesday, January 18, 2011

Should Country Bring Back War Savings Stamps?

Marygayle Ritzert of Boonville, Indiana writes the editor of the Evansville Courier and Press...
To the editor:

In these times of tight government budgets, I wonder why there is not a push by the government to sell U.S. Savings Bonds instead of looking only to foreign money to fund projects. I remember buying savings stamps at school during World War II for 10 cents.

The stamps went into a booklet and, when it was filled, the booklet was taken to the bank and traded for a U.S. Savings Bond that was called a War Bond. Celebrities — particularly movie stars — traveled the country on bond drives promoting the sale of War Bonds.

Today there could be similar drives to promote U.S. Savings Bonds. Perhaps there could be infrastructure bonds for roads and bridges, thus creating jobs.

Even if there are no bond drives, we can still help fund our nation by buying savings bonds. If there is a payroll deduction plan for bonds at your workplace, sign up. For retirees, we can buy bonds at a bank or by mail. There is a mail-in form at http://www.savingsbonds.gov/ along with extensive information on U.S. Savings Bonds.
To read the entire letter and read the responses, click here.

Click here to learn more about war savings stamps.
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posted by Don Schilling at 12:01 AM