war of 1812: Our National Debt Has Been Growing Since 1790 - 07/22/11 05:00 AM
While doing some research on the lingering causes of our National Debt I found out the Bureau of the Public Debt announced last week that it will no longer issue paper bonds starting next year and is moving to electronic bonds that are automatically redeemed when they mature.  More than $16 billion in unredeemed Savings Bonds are circulating and no longer earning interest.
The bondholders, us, our parents and grandparents, haven't redeemed matured bonds. Many were most likely lost over the years, or they may be stuffed in an envelope in dresser drawers and not opened in decades.  I imagine a … (3 comments)