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Opinion >  Letters

Bonds would help

Financing the financial cost to the U.S. of WW II is documented in a book entitled “V For Victory,” by Missoula author Stan Cohen (1991). One tool the U.S. government used to meet this challenge was through the sale of war bonds. A war bond was actually a loan by a citizen made to the government to help finance the war effort. The purchase cost was $18.75 per bond and 10 years later, at maturity, the bond was worth $25. And, if not cashed in, the interest continued to accrue. Famous people including baseball players, movie stars and WW II veterans led “rallies” promoting the purchase of these bonds and their efforts were successful.

The U.S. balance of payments/deficit was huge prior to the endemic attack and what it will grow to as we continue to fight the endemic can only be imagined. I would buy a properly marketed “Endemic Bond.” wouldn’t you?

Gordon Spunich

Spokane Valley


 

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