Plan To Rescue Taxpayers and Main Street
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. Financial Crisis: American Recovery and Reinvestment Act of 2009
In 48 hours we will be delivering to the conferees a list of everyone who has emailed their Members of Congress in support of the Pickens Plan elements of H.R. 1. So it's important you email your Members of Congress today!
The United States is in the midst of a serious financial crisis. You can read full text of the American Recovery and Reinvestment Act of 2009 on the Thomas web site from the Library of Congress.
This Act lays out a new plan to address the crisis and is currently being debated in the U.S. Congress
It was passed by the House of Representatives on January 28, 2009, and by the Senate on February 10, 2009.
Before it can be presented to the President to sign into law, a conference committee (composed of members of Congress) needs to resolve the differences between the House of Representatives and Senate versions of the Act.
The Act proposes unemployment and welfare expansion, tax cuts, and investment in infrastructure, healthcare, education, and energy.
Some of the goals of the Act are to:
Create 3 to 4 million jobs over the next two years.
Computerize every citizen's medical records in five years.
Double renewable energy generating capacity over three years.
Provide healthcare coverage for nearly 8.5 million Americans.
Enhance the security of 90 major ports.
Increase food stamp benefits for over 30 million Americans.
If the Act is passed, citizens will have the ability to see how the funds are spent at Recovery.Gov
Views: 126
Location: Houston, Texas
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Comment by James Everitt on February 11, 2009 at 4:31pm -
Contact Congress about The American Renewal and Reinvestment Act (H...
Please vote for final passage of H.R. 1, the American Recovery and Reinvestment Act, and please support inclusion in that bill of the House DOE grant program, which is critically important to helping wind and solar energy grow through the economic downturn.
I also urge you to support enactment of a strong national renewable electricity standard that meets President Obama's goal of securing 25% renewable electricity by the year 2025.
We can, and need to, do more. What's missing is the other part of the Pickens Plan - natural gas used as a vehicle fuel. If we switch just 350,000 of the 6.5 million heavy trucks running on the nation's Interstate Highways to domestic natural gas from imported diesel, we could cut our oil imports by over five percent.
In December alone that would have kept nearly $1 billion from being shipped off shore. Congress needs to go further to achieve that goal and to get more vehicles on the road that use clean and domestic natural gas.
In the meantime, I hope you will join me in supporting the wind components of the Pickens Plan that are part of H.R. 1 - which need to be kept intact - and urge you to support future measures that would get more natural gas trucks on our roads.
P. S. Savings bonds could be help in economic crisis!
While Washington tries to "fix" the banking and Wall Street mess created by subprime "gotcha" adjustable rate mortgages defaulting en masse, many of us are looking for a safer place to put at least some of our retirement, college funds, etc.
And we also want our country to become more energy-independent and our crumbling infrastructure repaired. But with things as they are, how can we accomplish these three objectives? A new form of U.S. Treasury savings bonds could be the answer.
Without U.S. saving bonds, we wouldn't have been able to supply our troops and allies like we did in World War II. If the U.S. Treasury issued energy independence and infrastructure savings bonds that paid an interest rate about 3 percent greater than the annualized FED rate adjusted for inflation, only be redeemable on their anniversary date(s), and what they pay is not taxed when they are redeemed at maturity, all three of these objectives can be achieved without any increase in taxes — especially if these funds were only employed as 1-to-2 matching funds.
Such bonds could increase employment enough to even reduce our taxes. Pass this idea on to your friends and then the politicians.
Contact Congress about The American Renewal and Reinvestment Act (H...
Renew_America_Bonds.pdf, 553 KB
Discussion link: Funding Energy Independence?
Video Link: "Energy Independence US Treasury Savings Bonds"
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Comment by James Everitt on February 11, 2009 at 6:08pm
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Comment by James Everitt on February 11, 2009 at 7:57pm
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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
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