Funding Energy Independence?

Replies to This Discussion

Permalink Reply by Jessee McBroom on January 30, 2009 at 4:13pm

This sounds like a ratrher sensible plan James. why don't you just go ahead and submit it as is to President Obama's Secretary of the Treasury Department?

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Permalink Reply by James Everitt on January 31, 2009 at 1:22pm

Jessee, I did submit this to the media and government officials and I hope you will encourage your friends to do the same for Michael Shawn Kendall "Energy Independence US Treasury Savings Bonds" website group, thanks!

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Permalink Reply by James Everitt on February 11, 2009 at 8:16am

Basics of Treasury Bonds & Securities Explained

Between the various bailouts, rescues, and spending packages, the United States Treasury has been working overtime issuing debt. If you’re like me, you’re probably wondering how this is even possible and how the government goes about doing it. During the First World War and World War Two, we went through a similar period where the government needed to borrow a lot of money to help fund the war effort. That gave rise to the patriotic posters that called for ordinary Americans to buy war bonds to support our soldiers fighting the enemy on foreign soil. That same mechanism, public debt, is what we use today to help fund many of our programs. This makes it a prime topic for the third installment of the Foundation Series.

Treasury Securities & Programs

U.S. Treasury securities are a great way to invest and save for the future. Here, you'll find overviews regarding U.S. Treasury bonds, notes, bills, and TIPS. Also, you can obtain basic information about the different types of savings bonds, including EE/E, I and HH/H bonds.

Treasury Securities

Here's what's currently available:

Treasury Bills
Treasury bills are short-term government securities with maturities ranging from a few days to 52 weeks. Bills are sold at a discount from their face value.

Treasury Notes
Treasury notes are government securities that are issued with maturities of 2, 3, 5, 7, and 10 years and pay interest every six months.

Treasury Bonds
Treasury bonds pay interest every six months and mature in 30 years.

Treasury Inflation-Protected Securities (TIPS)
TIPS are marketable securities whose principal is adjusted by changes in the Consumer Price Index. TIPS pay interest every six months and are issued with maturities of 5, 10, and 20 years.

I Savings Bonds
I Savings Bonds are a low-risk savings product that earn interest while protecting you from inflation. Sold at face value. Check out our table that is a comparison of TIPS and Series I Savings Bonds.

EE/E Savings Bonds
EE/E Savings Bonds are a secure savings product that pay interest based on current market rates for up to 30 years. Electronic EE Savings Bonds are sold at face value in TreasuryDirect. Paper EE Savings Bonds are sold at 1/2 face value.

Treasury Securities Programs
If you are interested in electronic or paper payroll savings, or are looking to find out more about auctions, you can also find the necessary details here:

Auctions

Payroll Savings

The Bureau of the Public Debt is one of the few government agencies that lists making money among its missions. Through the sale of T-bills, bonds and savings bonds, the Bureau of the Public Debt raises money for government operations and monitors government indebtedness.

Now, with its TreasuryDriect Web Site, the Bureau of the Public Debt combines E-government and E-commerce to allow Internet investors from individual to banks buy T-bills and bonds using a credit card or electronic bank transfer.

The secured system requires opening an Investor Account, but once setup, investors can not only buy T-bills and bonds online, they can access complete account management services, and get information on the Treasury Buyback Program plus almost instant data on Auction Results.

Internet users can also buy U.S. Savings Bonds online from the Bureau of the Public Debt's Savings Bond Connection Web site.

Attachments:

• Energy_Independence_Funding_Options.pdf, 65 KB
• Renew_America_Bonds.pdf, 553 KB
• Set_America_Free_Blueprint.pdf, 62 KB

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Permalink Reply by Michael Shawn Kendall on January 30, 2009 at 6:08pm

Hi James and Jessee. Awesome and Thanks! We need maximum participation for the drive to get "Energy Independence US Treasury savings bonds" There are more is more than one way to do this but it will be important to allow citizens to choose what they want to support with their savings so I recommend they be categorized into different RE categories at a minimum, there will have to be transparency and oversight available for all to see via a web site, there will have to be a slick advertising effort to allow it to reach America, there will need to be a web page to allow quick and easy payment via credit cards and Paypal, I recommend an artist's rendition on the bond and that it can be printed out on a color printer so buyers can take ownership of them while collecting different projects supported giving a great source of pride and ownership. I believe it should be in the smaller denominations US savings bonds are sold in of $25 so all can participate who choose and buy as many as they decide. The bonds being federal will eliminate the fear that is now associated with banks and the possible failure of them because they will be backed by the US Government. It was recommended a civilian committee of experts in the industry be assigned as part of the oversight and I think that is an AWESOME idea! Every American is seeing on the commercials and news that we have a 700 billion dollar deficit with our money going overseas to pay for imported oil. Citizens want to do good and they will want to do something to help, it will be bad if they feel helpless. This will help America at a citizen level be allowed to take ownership, unite, build patriotism, and be part of the fix. What do you think? I will copy this, along with an invitation to this group and put it on the main part of the group. Thanks and keep up the good work, we need people to become active in the descussion, I encourage as many who want to join as friends on my page that want to, we need a drive to contact our representatives, we need to get the attention of media (a recommendation was a small media station for starters with hopes of going bigger to reach out), I hope to get the attention of T. Boone himself as this most importantly will help and not interfere with any of his goals. I am a spectator right now and am humbly in gratitude of all the work being done by everyone.
Best Regards and with Respect,
Mike Kendall

Best Regards and with Respect,
Mike Kendall

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Permalink Reply by James Everitt on February 3, 2009 at 2:52pm

GREAT JOB MIKE KENDALL


Find more photos like this on PickensPlan Check out the video: 'Energy Independence US Treasury Savings Bonds'

A new form of U.S. Treasury savings bonds could be the answer! Help us pass this idea on to your friends and then the politicians: Contact your U.S. Senator about The American Renewal and Reinvestme... Energy Independence US Treasury Savings Bonds

Attachments:

• H.R._1_Full_Text.pdf, 1.1 MB
• Renew_America_Bonds.pdf, 553 KB
• PickensPlan.pdf, 408 KB

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Permalink Reply by James Everitt on February 8, 2009 at 9:33am

Invite Your Friends to Watch the Video

President Obama recorded a video to speak directly to you about his economic recovery plan.

Invite your friends and family to watch the video and learn why our unprecedented challenges require immediate action.

You can even use our email contact importer to make it easy. Don't worry -- we don't hold on to any of the addresses you use.

After you watch the video, watch Gov. Tim Kaine answer questions from ordinary citizens about the plan and share your story about the economic crisis.

We're counting on you to collect the real stories of the challenges Americans are facing during this recession. We need to hear from you how the economic crisis is affecting your life and why the economic recovery plan is important to you and your community.

Once we receive your stories we will make them available to the public to show how critical it is to support the economic recovery plan.

Share your story click here.

Watch President Obama's video and share it with your friends and fa...


REMARKS OF PRESIDENT BARACK OBAMA

WEEKLY ADDRESS

The White House
Saturday, February 7, 2009

Yesterday began with some devastating news with regard to our economic crisis. But I'm pleased to say it ended on a more positive note.

In the morning, we received yet another round of alarming employment figures – the worst in more than 30 years. Another 600,000 jobs were lost in January. We've now lost more than 3.6 million jobs since this recession began.

But by the evening, Democrats and Republicans came together in the Senate and responded appropriately to the urgency this moment demands.

In the midst of our greatest economic crisis since the Great Depression, the American people were hoping that Congress would begin to confront the great challenges we face. That was, after all, what last November's election was all about.

Legislation of such magnitude deserves the scrutiny that it's received over the last month, and it will receive more in the days to come. But we can't afford to make perfect the enemy of the absolutely necessary. The scale and scope of this plan is right. And the time for action is now.

Because if we don't move swiftly to put this plan in motion, our economic crisis could become a national catastrophe. Millions of Americans will lose their jobs, their homes, and their health care. Millions more will have to put their dreams on hold.

Let's be clear: We can't expect relief from the tired old theories that, in eight short years, doubled the national debt, threw our economy into a tailspin, and led us into this mess in the first place. We can't rely on a losing formula that offers only tax cuts as the answer to all our problems while ignoring our fundamental economic challenges – the crushing cost of health care or the inadequate state of so many schools; our addiction to foreign oil or our crumbling roads, bridges, and levees.

The American people know that our challenges are great. They don't expect Democratic solutions or Republican solutions – they expect American solutions.

From the beginning, this recovery plan has had at its core a simple idea: Let's put Americans to work doing the work America needs done. It will save or create more than 3 million jobs over the next two years, all across the country – 16,000 in Maine, nearly 80,000 in Indiana – almost all of them in the private sector, and all of them jobs that help us recover today, and prosper tomorrow.

Jobs that upgrade classrooms and laboratories in 10,000 schools nationwide – at least 485 in Florida alone – and train an army of teachers in math and science.

Jobs that modernize our health care system, not only saving us billions of dollars, but countless lives.

Jobs that construct a smart electric grid, connect every corner of the country to the information superhighway, double our capacity to generate renewable energy, and grow the economy of tomorrow.

Jobs that rebuild our crumbling roads, bridges and levees and dams, so that the tragedies of New Orleans and Minneapolis never happen again.

It includes immediate tax relief for our struggling middle class in places like Ohio, where 4.5 million workers will receive a tax cut of up to $1,000. It protects health insurance and provides unemployment insurance for those who've lost their jobs. And it helps our states and communities avoid painful tax hikes or layoffs for our teachers, nurses, and first responders.

That's what is at stake with this plan: putting Americans back to work, creating transformative economic change, and making a down payment on the American Dream that serves our children and our children's children for generations to come.

Americans across this country are struggling, and they are watching to see if we're equal to the task before us. Let's show them that we are. And let's do whatever it takes to keep the promise of America alive in our time.

Thank you.

Attachments:

• Set_America_Free_Blueprint.pdf, 62 KB
• Renew_America_Bonds.pdf, 553 KB
• PickensPlan_Pledge.pdf, 60 KB

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Permalink Reply by James Everitt on February 19, 2009 at 3:42pm

Sailor Seymore, the dancing and singing hamster, performs anchors away while we discuss "Energy Independence US Treasury Savings Bonds" as well as discussing discussion points of President Obama's inaugural address and his campaign speech.


Find more videos like this on PickensPlan
Hamster Concert with singing and dancing displaying flags from all branches of service for Energy Independence.

Between the various bailouts, rescues, and spending packages, the United States Treasury has been working overtime issuing debt. If you’re like me, you’re probably wondering how this is even possible and how the government goes about doing it. During the First World War and World War Two, we went through a similar period where the government needed to borrow a lot of money to help fund the war effort. That gave rise to the patriotic posters that called for ordinary Americans to buy war bonds to support our soldiers fighting the enemy on foreign soil. That same mechanism, public debt, is what we use today to help fund many of our programs. This makes it a prime topic for the third installment of the Foundation Series.

Educational Video Resources for Teachers and Students

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Permalink Reply by Mark J Warren on January 31, 2009 at 6:18am

Well Done !

Mark

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Permalink Reply by James Everitt on January 31, 2009 at 6:31am

The White House

ADDRESS OF THE PRESIDENT
TO THE NATION
January 31, 2009

This morning I'd like to talk about some good news and some bad news as we confront our economic crisis.

The bad news is well known to Americans across our country as we continue to struggle through unprecedented economic turmoil. Yesterday we learned that our economy shrank by nearly 4 percent from October through December. That decline was the largest in over a quarter century, and it underscores the seriousness of the economic crisis that my administration found when we took office.

Already the slowdown has cost us tens of thousands of jobs in January alone. And the picture is likely to get worse before it gets better.

Make no mistake, these are not just numbers. Behind every statistic there's a story. Many Americans have seen their lives turned upside down. Families have been forced to make painful choices. Parents are struggling to pay the bills. Patients can't afford care. Students can't keep pace with tuition. And workers don't know whether their retirement will be dignified and secure.

The good news is that we are moving forward with a sense of urgency equal to the challenge. This week the House passed the American Recovery and Reinvestment Plan, which will save or create more than 3 million jobs over the next few years. It puts a tax cut into the pockets of working families, and places a down payment on America's future by investing in energy independence and education, affordable health care, and American infrastructure.

Now this recovery plan moves to the Senate. I will continue working with both parties so that the strongest possible bill gets to my desk. With the stakes so high we simply cannot afford the same old gridlock and partisan posturing in Washington. It's time to move in a new direction.

Americans know that our economic recovery will take years -- not months. But they will have little patience if we allow politics to get in the way of action, and our economy continues to slide. That's why I am calling on the Senate to pass this plan, so that we can put people back to work and begin the long, hard work of lifting our economy out of this crisis. No one bill, no matter how comprehensive, can cure what ails our economy. So just as we jumpstart job creation, we must also ensure that markets are stable, credit is flowing, and families can stay in their homes.

Last year Congress passed a plan to rescue the financial system. While the package helped avoid a financial collapse, many are frustrated by the results -- and rightfully so. Too often taxpayer dollars have been spent without transparency or accountability. Banks have been extended a hand, but homeowners, students, and small businesses that need loans have been left to fend on their own.

And adding to this outrage, we learned this week that even as they petitioned for taxpayer assistance, Wall Street firms shamefully paid out nearly $20 billion in bonuses for 2008. While I'm committed to doing what it takes to maintain the flow of credit, the American people will not excuse or tolerate such arrogance and greed. The road to recovery demands that we all act responsibly, from Main Street to Washington to Wall Street.

Soon my Treasury Secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families. We'll help lower mortgage costs and extend loans to small businesses so they can create jobs. We'll ensure that CEOs are not draining funds that should be advancing our recovery. And we will insist on unprecedented transparency, rigorous oversight, and clear accountability -- so taxpayers know how their money is being spent and whether it is achieving results.

Rarely in history has our country faced economic problems as devastating as this crisis. But the strength of the American people compels us to come together. The road ahead will be long, but I promise you that every day that I go to work in the Oval Office I carry with me your stories, and my administration is dedicated to alleviating your struggles and advancing your dreams. You are calling for action. Now is the time for those of us in Washington to live up to our responsibilities.


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Contact Elected Officials

We encourage you to contact your elected officials and share your thoughts on current events and government policy. Below you'll find links to e-mail and postal addresses, and phone numbers for key elected officials.

President Barack Obama and Vice President Joe Biden – Send questions, comments, concerns, or well-wishes to the President or his staff.

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The challenges our country faces are too great for us to sit on the sidelines. We’d like to hear from you.

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Permalink Reply by Mark J Warren on January 31, 2009 at 6:47am

As usual Well Done !

Mark

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Permalink Reply by Warren Reynolds on January 31, 2009 at 9:28am

TO: Simbu and all: BAD IDEA all the away around ! We have got to rid ouselves of carbon based fuels of any kind !. As an ex-nuclear engineer for GE, nuclear is also NOT the way to go either. I know nuclear's " dirty little secrets" as well as the legacy of Chernobyl and Russia's Ural mountains accidents.
What we need is a tax, say 1/2 to 1 cents per kwhr, on the grid electricity sold to generate funds for a new grid super highway.
As a note: people do not have any money now to buy bonds anyway.
Dr. Warren Reynolds

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Permalink Reply by James Everitt on January 31, 2009 at 12:54pm

Doc, we will get off non-renewable energy sources someday, but until then we "ALL OF US" must create a positive way to "FUND OUR ENERGY INDEPENDENCE" to resolve our "DEPENDENCE" on "FOREIGN OIL" sooner than later! I believe most Americans would be willing to invest in our countries energy independence, if given the opportunity. I believe that Michael Shawn Kendall "Energy Independence US Treasury Savings Bonds" website group is a good place to come up with the right type of "SAVING BOND" that the people of America will support and push our government officials to pass legislation to implement "FUNDING ENERGY INDEPENDENCE" in the near future. Thanks for your input and please help us build support for"Energy Independence US Treasury Savings Bonds"

Attachments:

• Renew_America_Bonds.pdf, 553 KB

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