Liberty bond

That includes the Liberty Bond Act of 1917, which created the debt ceiling limit.

During World War I, Congress passed the Second Liberty Bond Act of 1917 to give the Treasury more flexibility to issue debt and manage federal finances.

“This pledge does represent a sacrifice. I am already committed to a fifty-dollar Liberty Bond.”

“It’s to raise money for the Liberty Bond drive.”

Three railroad workers had been thrown in jail for mocking a Liberty Bond poster, and a woman had been fined for sending twenty dollars to her mother in Germany.