Main Street’s Unofficial Government Bailout before the *#@% Hits the Ceiling

July 16, 2011 - PRLog -- The United States of America is considered one of the richest countries in the world, yet over eight million homes are in foreclosure. Unemployment is nine percent. The government recently bailed out Wall Street and some of its largest banks and car manufacturers. Yet no one seems to be taking the President seriously.

Lady Liberty is naked and she desperately needs Main Street to bail her out… fast.  It’s an interesting proposition, but it’s one that needs to be taken seriously and acted on quickly.

To date, Warren Buffett, CEO of Berkshire Hathaway, Inc is the only corporate billionaire  who has publicly agreed that billionaire corporations need to step up to the plate and take a hit for the peanut gallery. That would be the remaining 97% of us.  That’s you and me.

It’s no surprise, the other billionaire corporations are playing hard ball. Literally.  They are on the golf course hoping someone else will cough up the cash. Isn’t that always the case?

Perhaps they have a backup plan. After all, many of them bought shares in Richard Branson’s Virgin Galactic, which according to its website has been booking space flights since 2005.

But is there really a possible solution or will the U.S. government have to default on $14 trillion?  It's been a cliff hanger, but perhaps there is a viable solution.

Suppose Congress forgoes torching Lady Liberty’s social security. Instead, let Main Street invest in Lady Liberty.  Buy T-Bills.

For those not familiar, T-Bills are Treasury Notes, Treasury Bonds, and Treasury Bills. They’re those pieces of paper grandparents give to their grandchildren who have more toys than they can count. But they are actually affordable and accessible to all.

Treasury Notes are government securities that mature in two to ten years and pays interest every six months. Treasury Bills are short term government securities purchased at discount from face value and mature in a matter of days to one year. Treasury Bonds are long term. They pay interest every six months and mature in thirty years.

There are I Savings Bonds too which are currently yielding 4.6% through October 31, 2011. That should wet somebody’s whistle. The minimum investment is only $25.

There was a time when Americans could purchase these little T-Bills at the bank. That has recently been eliminated to cut costs.  But luckily, they are still available to purchase direct, which is quite critical at this moment.  

http://www.youtube.com/watch?v=JLdA1ikkoEc



Interested?  Find investment minimum and maximums and other criteria for each category at the website.  Go directly to the US Treasury website via http://www.treasurydirect.gov

Buy for yourself, your children and or your grandchildren.  One day, you may be able to proudly tell your grandchildren how you bought a slice of the American pie, to preserve the American dream and way of life for their long term peace of mind.

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LeTicia Lee is author of The Answer Key to Avoid Debt Build Credit & Retire Rich (for grads, soon to be grads, and everyone in between) available at http://Stores.LuLu.com/SoRichIam