To: President Donald Trump
Recovery Bonds: A Middle Class Solution
Through an Economic-Recovery Bond program, allow working and retired Americans who now have money sitting in low-interest CD's or retirement funds to withdraw up to $5,000 without penalties/taxes; this money must be invested (at a better rate) in the infrastructure to put America back to work!
Why is this important?
The world wars could not be funded by taxation alone; hence, the idea of selling government war bonds was an appeal to patriotic Americans to help their country. We are now involved in an Economic War, and here is an idea of how middle class Americans can do what Congress won't do - - invest in the infrastructure and get Americans back to work: Working and retired Americans have money sitting in CD's and in retirement systems, either losing money or making very low interest. Allow individuals to withdraw a portion (no more than $5,000) with no penalties or taxes to buy short-term Recovery Bonds at a higher rate than they're presently making. Invest this money (at a better rate) in the infrastructure to create jobs, thereby helping the economy and the country recover. Sell the bonds through credit unions, bypassing big banks! Working and retired Americans should be allowed to withdraw these monies without penalty or taxation, either on taking the money out or putting it back in when the bond matures. Let us do what Congress won't do!