Wednesday, December 16, 2009

War bonds proposed to pay for Afghanistan, Iraq conflicts

http://www.mcclatchydc.com/251/story/80756.html

And we'll pay for it with war bonds because it's a great show of patriotism.
Hey people, I believe we're broke. Someone finally tallied the tab.

Lawmakers in both houses of Congress have introduced legislation to pay for the wars in Afghanistan and Iraq by using a method that's a throwback to prior U.S. conflicts: war bonds.

Saying that it would "promote national shared sacrifice and responsibility," Rep. Kendrick Meek, D-Fla., introduced a bill Wednesday in the House of Representatives that would authorize the treasury secretary to issue and sell war bonds to Americans to fund the wars.

Sen. Ben Nelson, D-Neb., filed companion legislation in the Senate earlier this week.

"At a time of tremendous sacrifice for our military families, we need to promote shared sacrifice and shoulder collective responsibility as a nation as we fight two wars halfway across the globe," Meek said, calling war bonds a "cost-effective way" to reduce dependence on foreign creditors.

He also said the bonds would "create an outlet for Americans to express their patriotism and support for our service members as well as the security mission for which they are deployed."