I love the fascinating bits of lore you come across on the internet, so I'm sharing
this one.
Faced with the dilemma of financing WWII President Franklin D.
Roosevelt
received adamant advice to raise taxes and introduce a forced
savings
program. Instead, FDR wisely followed the advice of Secretary
of the
Treasury Henry Morgentthau, JR., who working with Peter
Odegard, a
political scientist specialized in motivating masses (read
propaganda)
created the War Advertising Council.
The result was a whopping $187.5 Billion ($2.5+ Trillion
dollars adjusted
for inflation into 2009 dollars) to fund the war effort. Just
as important
as the money, the War Bonds became a rallying cry for the
public to
express its patriotism, follow its iconic leaders' calls for
action,
and allowed for 85 million Americans to actively participate
in the
War effort.
The threat to our country in 2009 is greater than in early
1940. Not
only is our economic survival threatened, but, our survival as
a species
on this planet teeters on a dangerous fulcrum. ...
A current day version of FDR's War Bonds, the FundAmerica plan as
proposed by the Prosperity Mandate provides a new source of
$2.5 Trillion
and:
- Is Budget Neutral
- Does NOT Raise Taxes
- Requires No More Debt
- Is Sustainable and Renewable...
When you're done laughing, answer this question: Would you take whatever money you had and buy the equivalent of a war bond? I might...
...if FDR was president and the US didn't have a $15 trillion debt.
