Safe as a U.S. Treasury Bond


The U.S. government stopped selling 30-year bonds back in 2001, then last summer, with future deficits apparently escalating, talked about bringing them back. But they proved this week it's a sucker bet, as the government arbitrarily decided to call in 30-year bonds sold in 1979. They are apparently damn tired of paying that 9 1/8 percent interest, and if you don't sell them back by May 15, you won't be earning any more interest on them. Sorry, but who knew that promise they made 30 years ago would gets so damn expensive to honor?