“With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.”
Jim Cooper
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Jim Cooper
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Well, where is the money? Show me the money? Our allies have put up a few billion dollars, but the American taxpayer has been required to shoulder the burden of this war.
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It's not just that families can't buy a home or start a business without some savings tucked away.
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If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government.
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This is a simple change that will provide a huge financial boost for many Americans, particularly low- to moderate-income families. It is an important step in making sure we do everything we can to encourage all Americans to save and plan for the future.
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President Clinton was able to achieve budget surpluses despite a divided government.
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