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Veterans and Military Families organization calls for new Savings Bond Program to fund returning veterans’ care and comprehensive national veteran and military family policy.

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Washington, D.C.:  Following nearly four years of research and development, VETERANS and MILITARY FAMILIES for PROGRESS(VMFP) introduced a 21st Century Savings Bond Program to fund initiatives that serve America’s returning heroes and their families to the House Veterans Affairs Committee in Washington, D.C. this week.

VMFP President Matt Cary met with the House Veterans Affairs Committee this week to recommend the savings bond program while seeking support for a much-needed comprehensive national Veterans and Military Families Policy which will prioritize, implement, and propose new proactive approaches to administer, legislate, and address the areas of outreach and advocacy, physical and mental healthcare, educational advancement, career opportunities, housing assistance, and eradication of homelessness for veterans, those serving, and their families.  These initiatives would be funded, in large part, by the proposed Veteran and Military Family Savings Bond program.  

VMFP introduced the National Veteran and Military Family Savings Bond Program to supplement the necessary traditional funding for the needs of veterans and their families. Administered by the Department of the Treasury through the Treasury Direct program, the Senate Finance Committee will provide oversight of the program, VMFP recommends.  The bonds will be marketed to private investors and individuals, will yield an interest rate not less than 5%, and will be offered in denominations from $50 to $10,000.

"Although less than 10 percent of Americans are touched directly by a loved one serving in the wars in Iraq and Afghanistan, the responsibility for returning veterans’ care needs to be shared by all Americans," said Matt Cary, president of VMFP.  "Americans need to recognize that when we send troops to war to protect our homeland, they return as veterans.  And as we fund the war, we need to fund their care when they come home.  In purchasing these bonds, citizens can respond to that unspoken commitment and assume a degree of personal responsibility for returning veterans and their families who have given so much, while at the same time earning tax-free income at the bond’s maturity.

"This is why I joined VMFP in the first place!", said Maura Satchell, a national director of the organization whose two sons have served multiple deployments in Iraq (one currently serving).  "From the start I knew our organization was different in that part of its mission is to create the political will - and the means - to support our veterans and military families. This policy and bond program does exactly that!"  

"In creating a national policy such as this," Cary concluded, "America can be confident that the nation’s sacred promise to its veterans and their families will be fulfilled, and in a manner that is fiscally responsible."

VMFP’s comprehensive policy also recommends establishing strong partnerships with traditional Congressionally-chartered Veteran Service Organizations (VSOs) and other veteran and military family advocacy groups to educate the media and general public and to seek their involvement in implementing this comprehensive national policy for our veterans and their families.

Veterans and Military Families for Progress is a 501(c)(4) not-for-profit, non-partisan organization headquartered in Washington, D.C. It is made up of members from across the country, and from across the breadth of rank and military services who served, are serving, or are members of families of those who have heeded the call to serve their country in the U.S. military

Originally posted to Maura Satchell on Fri Jan 30, 2009 at 01:27 PM PST.

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Comment Preferences

  •  Very, very proud to be part of this! (5+ / 0-)

    And hopeful it will mean tremendous good things for our veterans, their families, and the country!  

    Forget the yellow ribbon thing: Have you joined or donated to Veterans and Military Families for Progress ( yet?

    by Maura Satchell on Fri Jan 30, 2009 at 01:28:46 PM PST

  •  While This (2+ / 0-)
    Recommended by:
    testvet6778, Maura Satchell

    Is a great idea, it's a side to Actually what this Country should have been doing all along, Funding the Needs of the Veterans of, Especially if and when it Cheers on the Wars of Choice!!

    Buying bonds, for further funding, should be targeted towards specialized programs.

    The Great Majority of this country doesn't serve but they Owe those who do, to Honor the Contracts of service, and they always have but ignore and denie!

    "How anyone can say that torture keeps Americans safe is beyond me -- unless you don't count American soldiers as Americans."

    by jimstaro on Fri Jan 30, 2009 at 01:40:54 PM PST

    •  Jim, I totally agree (1+ / 0-)
      Recommended by:

      and I had a quote in there but pulled back mentioning the "full cost" of war should include this, etc.  

      And to be clear, this is not further funding for the war at all, but for policy for veterans and military families that goes BEYOND full funding of the V.A. which is, I believe, already in the cards.

      Thanks for catching this and clarifying... your opinion is greatly valued...

      Forget the yellow ribbon thing: Have you joined or donated to Veterans and Military Families for Progress ( yet?

      by Maura Satchell on Fri Jan 30, 2009 at 01:57:01 PM PST

      [ Parent ]

      •  I Got the Jist (0+ / 0-)

        Of what is being attempted and called for by the Group and what you wrote.

        My point is that it has to be pointed out, Strongly, that it's up to the American Public to Actually do any funding that is needed, and it always has been!

        What this would do, if not worded right or reported right, would send the message that just those who wanted to invest in these bonds is all that's needed and the rest of the greater majority would take it as such and move on as they always do, and move on they would.

        "How anyone can say that torture keeps Americans safe is beyond me -- unless you don't count American soldiers as Americans."

        by jimstaro on Fri Jan 30, 2009 at 02:45:10 PM PST

        [ Parent ]

  •  Edited to bold what the funding is for: Vets and (1+ / 0-)
    Recommended by:

    military families ABOVE the traditional funding already covered...

    Forget the yellow ribbon thing: Have you joined or donated to Veterans and Military Families for Progress ( yet?

    by Maura Satchell on Fri Jan 30, 2009 at 02:00:15 PM PST

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