Tuesday, November 25, 2008
Liberty Bond Drive
This picture was taken in about 1917 or 1918 and shows a Liberty Bond Drive. Bonds were used to help finance our participation in World War I. Buying bonds was viewed as a patriotic act to fund a war effort, and was a form of borrowing used by the Government. Now days, most of the debt is funded by foreign countries, or large institutions. The Government does not need the support at the grass roots level to borrow or go further into debt.