War bonds? Anybody remember WW2 war bonds? People bought bonds to pay for the cost of the war. The war in?

Question

Iraq is expensive too. Why aren't people being asked to buy bonds to support it?

Answer 1

1. No one would purchase them.
2. US Savings bonds replaced the war bonds, but now their rate of return is not guaranteed, nor is it even guaranteed that your $50 bond will *ever* reach a value of $50.

Answer 2

Its not needed. Bonds where purchased to generate immediate cash for the government to pay for a non-existent war industry. We as Americans pay enough taxes to pay for our wars. I'd be offended if the government even suggested it. But, hold on to your hats, Hillary isn't in the office yet, wouldn't put it past her if she made us pay higher taxes, and asked for bonds too!

Answer 3

Hello Chris, Well, it could very well be that we have not had any wars since WWII. See, all "combat and conflicts" that we have had since the end of World War II have not been wars declared by the Congress of the United States. "Article II, Section 2 of the Constitution gives to the Executive Branch the command of the nation’s armed forces, while Article I, Section 8 gives to the Legislative Branch the power to decide when the United States goes to war." Article I, Section 8: "To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;" Article II, Section 2: "The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States; he may require the Opinion, in writing, of the principal Officer in each of the executive Departments, upon any subject relating to the Duties of their respective Offices, and he shall have Power to Grant Reprieves and Pardons for Offenses against the United States, except in Cases of Impeachment." So, all the combat operations that have occurred since the Korean "Conflict" in 1950s were not "legal wars" as authorized by the U.S. Constitution. The Congress has given the President the "power" to interdict US Troops and extend them - but, there has not been any declaration of war between the US and any other foreign nation. Best wishes, Larry Smith Senior Master Sergeant, USAF (Ret.) First Sergeant

Answer 4

Bonds are just another way of passing on debt to future generations.

Answer 5

Because no one would pay.