Quote of the Week: US Public Debt


1101640619_400"A billion here, a billion there – pretty soon it adds up to real money."

                              Senator Everett Dirksen

The Frustrated CFO's note:

According to Wikipedia's article on the US Public Debt, as of January 9th, 2012 the gross debt was $15.23 trillion, of which $10.48 trillion was held by the public (i.e. in government issued securities, such as T-bills owned by investors like you) and $4.75 trillion was in intragovernmental holdings, such as, for example, the Social Security Trust Fund (i.e. backed by your money anyway).

I urge you to watch the 1965 video below and pay attention to the numbers that were the subject of Senator Dirksen's concern back then.

 

 

 

Quote of the Week: Double Jeopardy!


Images-1Contemporary Political Terminology for a $1000, please, Alex.

– A hippie with the trust-fund background.

 What is

Version 1:    "a trustafarian?"

"MI-5" season 8, episode 3, written by Christian Spurrier and Sean Reilly.

Version 2 (still acceptable):    "an occupier of Zuccotti Park Avenue?"

                                                                                                            H.M.