Energy Independence US Treasury Savings Bonds

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.

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I am very interested in the aspects of The American Renewal and Reinvestment Act (H.R. 1) that include the promotion of alternative energy - wind and solar; the building out of a 21st century electrical transmission grid; and incenting trucking companies to upgrade from trucks running on foreign diesel to those running on domestic natural gas.

I hope you will join me in supporting these components of the Pickens Plan as H.R. 1 moves toward final passage in the Senate.

I need you to contact your U.S. Senators to tell them to support the Pickens Plan. Click here to send an email today.

Read the full text of the bill H.R 1>>>

American Recovery and Reinvestment Act of 2009.pdf

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.

Renew_America_Bonds.pdf

Discussion link: Funding Energy Independence?

Stay tuned for more information on green jobs following the Middle Class Task Force’s, first meeting on February 27, 2009 in Philadelphia, Pennsylvania.

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Comment by James Everitt on February 3, 2009 at 4:05pm: Find more photos like this on PickensPlan
God bless you, Mike Kendall for your great ideas and service to our Country, we're with you at Pickens and I know America is to, James!

Mike Kendall is Electronic Technician Chief in the US Navy with 27 years service stationed overseas. I’m outlying an idea to assist and work with current plans for achieving energy independence. I urge you, as speaker of the house and the driving force to form the select committee on energy independence and global warming, consider for discussion and introduction into the house US Treasury Savings Bonds for Energy Independance.

Mike created this video and started the Energy Independence US Treasury Savings Bonds Blog at Pickens Plan. Enjoy his viedo 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

Be sure to join Mike and the many supporters of his Energy Independence US Treasury Saving Bond Group and my discussion Funding Energy Independence

ETC(SW/AW) Mike Kendall USN
Mailing address: PSC 476, Box 879, FPO AP, 96322 USA
Telephone (803) 265-4756, Email: ke6cvh@yahoo.com

Comment by James Everitt on February 8, 2009 at 9:46am: 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 family:

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

Comment by James Everitt on February 11, 2009 at 8:38am: 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