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fixed income rant

May 13th, 2008 at 04:59 am

Saving log - $0 tip box
Spending log - $1.25 coffee + $6 lunch (for 2 days) + $3 carrots, apple + $5 bubblebath, deodorant

Back to the finances. A little financial tidbit to get off my chest. Again with the I-bonds, and I noticed a number of articles contained cutting comments about how its a good thing that savings bonds are becoming unappealing because taxpayers are paying the interest.

Perhaps. That opinion still burns me up, though, because it implies that I'm unpatriotic and a leech because I've taken out an I-bond or two (or about 30). Such a turnaround from the opinions of the past - imagine that being said during WWII.

Humph. Is it my fault that I had the savings to invest in the first place? I mean, if I wasn't there to buy the dang US savings bond, the taxpayer would have to fund that 50-5,000$ in addition to the interest. There. That's much better! Perhaps I should fund someone else's government should I wish to do so. T-bills are indirectly funded by taxpayers too, not to mention the funds that the Federal Reserve uses to provide liquidity to financial markets.

Do we, as a society, really think so little of savers?

2 Responses to “fixed income rant”

  1. luxlivingfrugalis Says:

    I too am a lowly government bond investor! Big Grin

  2. scfr Says:

    Well, then I'm a leech too ... I own Treasuries (tho' only TIPS at the moment).

    I'm also a taxpayer.

    Is this what they mean by "pay yourself first"? Big Grin

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