Bring Back Paper US Savings Bonds Petition

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Bring Back Paper US Savings Bonds Petition

Since 1935, Americans have been able to purchase paper savings bonds. This American tradition has unfortunately been ended by the US Treasury Department.

As a cost savings measure, the US Treasury eliminated the sale of new paper savings bonds as of January 1st, 2012. This measure is expected to save the US government about $14 million per year in processing costs, or roughly half the cost of one F-16 jet fighter.

However, we believe that this relatively meager savings by US government standards does not equal the loss of benefits to the American people. Paper savings bonds play an important role in teaching young people about saving money.

http://www.learnbonds.com/savings-bond-petition/

I have investments in U.S. Savings Bonds and I sure hope they bring them back so you can buy them again. It seems there are a lot of problems with the online purchase of savings bonds and the new process for buying them conveniently eliminates the ability to purchase them at all if you don't have/know the use of a computer (aka old folks ...).

Anyway, please sign ... Thank you!

[EC]

1. The electronic ones cash in equal to what is paid for them.

While the paper ones were paid with interest. For a $50. bond, you paid (I don't really remember but I think it was half)$25. and when it reached maturity it was worth face value. So yeah, everyone would love them to come back. I didn't know they were being dropped this year or I would have bought some last year. It's been years since I bought them and was just thinking I should just invest in a few and viola! what do you know...it's all electronic now and you buy a $50. bond, you pay $50. now and that's all you'll get when cashed in.

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3. then why would anyone buy them?

If I had $50 to spare, I could just as easily bury them in my flour canister and get the same return plus it would be completely liquid. I could pull it out at any time I wanted