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wtg
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President Donald Trump has not been able to persuade Congress that US national security requires the building of a wall at our southern border. If, however, a national emergency really exists, as the President insists, then he should take his case directly to the American people and look to other ways to pay for a wall -- ways that do not require the use of pre-existing taxpayer dollars.

Our suggestion is that the President propose issuing "wall bonds," or government-issued debt securities, to fund the wall. After all, the best measure of support for a government program is whether the public is willing to pay for the program.

The idea of selling government bonds to fund a government program is not new. In the first half of the 20th century, presidents were able to rally the public to pay for national emergency programs. During World War I and World War II, President Woodrow Wilson and President Franklin Roosevelt each undertook massive initiatives to raise the money that was needed to mobilize the troops through the issuance of bonds and imposition of higher taxes.


https://www.cnn.com/2019/01/14...er-zeldin/index.html


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jon-nyc
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Am I missing something? It doesn’t get around the need for Congress to authorize the appropriation.


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Piano*Dad
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I thought a "wall bond" would be some beautifully printed 19th century piece of paper issued by some defunct government that you frame and hang on your wall ... Big Grin
 
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Piano*Dad
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Originally posted by jon-nyc:
Am I missing something? It doesn’t get around the need for Congress to authorize the appropriation.


No, it doesn't.
 
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wtg
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It doesn't get around Congress needing to authorize the appropriations. But the funding for any appropriations would be coming from people who bought the bonds and who presumably think funding border security/wall initiatives is a good idea.

I don't know the details of how they worked, but didn't WWII war bonds generate money used for military appropriations? edit: And weren't there other government bonds that were separate and didn't fund the war effort?


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Posts: 38222 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
jon-nyc
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I think it was just marketing.


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pianojuggler
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GoBondMe dot com


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wtg
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Originally posted by pianojuggler:
GoBondMe dot com


Big Grin

But that's basically what is being proposed, I think. Personally, I don't think it would ever get off the ground. But it would give Trump an out to put the onus back on his base to fund the wall initiative if they think it's what they want.

Here's a piece from Brookings about similar initiatives.

https://www.brookings.edu/blog...-for-disaster-bonds/


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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

 
Posts: 38222 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
wtg
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Originally posted by Piano*Dad:
I thought a "wall bond" would be some beautifully printed 19th century piece of paper issued by some defunct government that you frame and hang on your wall ... Big Grin


How about 20th century?


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pianojuggler
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Originally posted by well-tempered gardener:
How about 20th century?

Parents just don't name kids "Elva" anymore.


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