Recently I picked up savings bond purchase forms from my bank in Kresgeville. I give bonds to family members for Christmas presents. It also makes me feel patriotic. I'm reasonably sure the Department of the Treasury, Bureau of Public Debt, could use the money. That is the agency that issues government savings bonds.
As of December 31 I can no longer do that. The only way to purchase savings bonds after that date will be online. This is one of those policy changes that is both thoughtless and counterproductive. First of all, about one-third of Americans do not have internet access. People who are connected assume that everyone else is, but millions are not. Old people are among the demographic groups who often lack internet access. Who do you think buys savings bonds? The bonds themselves are redolent of World War II and Liberty Bond drives.
The second problem is the credit card issue. Millions of people do not have credit cards. I have never bought anything over the internet because I don't have a credit card. How am I supposed to purchase my savings bonds next Christmas?
You would think that the Bureau of Public Debt would be looking for ways to increase savings bonds purchases. If it is, it had better scrap the proposed policy.