When you buy a U.S government savings bond, you're doing so under the power given to Congress to?

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When you buy a U.S government savings bond, you're doing so under the power given to Congress to?

2007-06-16 12:53:34 · 4 answers · asked by Anonymous in Politics & Government ➔ Government

4 answers

Article I
Section 8
To borrow money on the credit of the United States.

Explanation: The government is borrowing from who ever buys a savings bond and promises to pay back the original amount plus interest.

A question for you.
Does this help the country by putting it deeper in debt?

2007-06-16 13:11:37 · answer #1 · answered by beesting 6 · 0⤊ 0⤋

D Savings bonds are not the best money makers. But they are secure. If the government goes under money will be worthless any way.

2016-05-17 12:12:31 · answer #2 · answered by ? 3 · 0⤊ 0⤋

incur debt.

2007-06-16 12:57:06 · answer #3 · answered by Mike1942f 7 · 1⤊ 0⤋

borrow money.

2007-06-16 15:01:43 · answer #4 · answered by Anonymous · 1⤊ 0⤋