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In my opinion- buying US govt. bonds is a bad idea since the action implies that you are lending money to the govt. and as we all know, US govt. is extremely irresponsible when it comes to its spending habits. So why encourage them to spend more? As we know, the govt. is already in debt for $ 9 trillion and some change and some day some body has to pay most of that debt to the Japanese and the Chinese and several other nations. What is US govt. ? It is ALL OF US. - The residents of good ol' USA. The way I look at it, by buying any kind of govt. bond or notes we the people are pushing ourselves deeper into the debt especially what is troubling to me is we are handing over our money to govt. to waste any way it pleases. By recommending that we buy I-Bonds, Clark is pushing the country one step forward into bankruptcy. Once again- just my opinion.
By Roger
