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Originally posted by the owlbear
Yeah, this one really fries me. My loving, awesome wife has parents (and grandparents) who constantly complain about government wasting money, then, they buy my kids crappy ass savings bonds that will be worth the money they spent on them when they come to maturity due to inflation.
Why do they do this?!? If they have such a beef with the way their money is spent, why loan the government more?
That's my rant for the day. Thank you for your time.
The ever loving owlbear
Originally posted by nh_ee
reply to post by the owlbear
By giving savings bonds vs Cash, it makes it slightly more difficult to spend/liquidate on worthless junk instead of saving it. Something that many of us including the Govt. have forgotten.
So It's moreso an education to their grandchildren in the value of savings and the compounding of interest rather than an investment per se.