Ben Nelson Floats Paying for Afghanistan Surge with War Bonds

(AP Photo/Harry Hamburg)
Anticipating the increased troop levels in Afghanistan President Obama is expected to announce tonight, lawmakers are floating various ways to pay for the ongoing war.
Sen. Ben Nelson (D-Neb.) today suggested the idea of selling war bonds to pay for sending troops to Afghanistan, reports CBS News Capitol Hill Producer John Nolen.
"Some people jumped right out and said you need a war tax, and I said wow, we didn't have a war tax in the Second World War," Nelson said. "The fact that we had bonds, war bonds, and people invested in their country in that fashion made a lot of sense back then. I don't know why it might not make sense today, certainly in lieu of jumping to tax."
Rep. David Obey, a Wisconsin Democrat and the chairman of the House Appropriations Committee, has called for a tax on the rich to help pay for the troop increase, but the idea has been dismissed by some as politically infeasible.
The federal government sold war bonds during World War II, using celebrities and radio campaigns to persuade people to buy them to finance the war effort. Hundreds of millions of bonds were issued -- and in fact, many were unclaimed. The government is currently sitting on $17 billion in unclaimed war bonds, the Washington Post reports.




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