HolyCoast: Buy Bonds!
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Friday, October 10, 2008

Buy Bonds!


I've read about various bond drives that were conducted during WWII, but never lived in an era when the government was actively promoting bonds to keep the government going...until today. I just heard an advertisement from California's Governator nearly begging our citizens to buy California-issued bonds in a special advance offering next week.
California issues bonds every year to tide the state over until tax revenues come in after April 15th, but I've never heard an ad with such pleading to keep the state running. No commission fees, tax exempt, full principle + interest in June. Given the state of the stock market, it's probably not a bad deal.

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