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Meek proposes war bonds to pay for wars

Kendrick Meek is proposing to pay for the wars in Afghanistan and Iraq through a throwback to prior U.S. wars -- war bonds. Saying it would "promote national shared sacrifice and responsibility,'' Meek Wednesday introduced a bill to authorize the U.S. Treasury to issue and sell war bonds to Americans to fund the wars in Afghanistan and Iraq.

Liberty-bond-posterThe move comes as Congress debates ways to pay for the wars, including a tax on wealthy Americans. 

"At a time of tremendous sacrifice for our military families, we need to promote shared sacrifice and shoulder collective responsibility as a nation as we fight two wars halfway across the globe,'' Meek said, calling war bonds a "cost-effective way'' to reduce dependence on foreign creditors and "create an outlet for Americans to express their patriotism and support for our servicemembers as well as the security mission for which they are deployed.''

Wonder how it will sit with the left. Companion legislation by Sen. Ben Nelson, D-Nebraska, got panned by bloggers. And critics note the bonds have to eventually be repaid, postponing the potential costs.

Meek's support for President Barack Obama's recent decision to escalate the war in Afghanistan has drawn criticism from Maurice Ferre, his rival in the Democratic primary for a U.S. Senate seat. Ferre last week said Meek was "putting party before sound judgment."

Meek Wednesday said the plan puts the military "on a course for success in Afghanistan that was missing for many years.''