Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Michele Bachman gets called onto the carpet! By a high schooler!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Babagounj" data-source="post: 839389" data-attributes="member: 12952"><p style="margin-left: 20px">(CNS News) — President Barack Obama and First Lady Michelle Obama own between $2.1 million and $10.25 million in U.S. Treasury securities, according to the president’s financial disclosure form released yesterday.</p> <p style="margin-left: 20px">But all of that money is invested in short-term U.S. Treasury bills and intermediate-term U.S. Treasury notes. None is in long-term U.S. Treasury bonds.</p> <p style="margin-left: 20px">By definition, according to the U.S. Treasury Department, Treasury “bills” mature in one year or less, Treasury “notes” mature in terms of 2 to 10 years, and Treasury “bonds” mature in 30 years.</p> <p style="margin-left: 20px">U.S. Treasury bonds pay a higher interest rate than the shorter-term Treasury notes and bills, but they also carry a higher risk of their value being eroded by inflation.</p> <p style="margin-left: 20px">…As listed on page 3 of the disclosure, the president and first lady own three blocs of U.S. Treasury securities. They own a bloc of short-term Treasury bills worth between $100,001 and $250,000 in a SEP/IRA. They own a much larger bloc of short-term Treasury bills worth between $1,000,001 and $5,000,000 that is not in an IRA. And they own a bloc of intermediate-term Treasury notes worth between $1,000,001 and $5,000,000.</p> <p style="margin-left: 20px">It’s <em>almost</em> like he knows America’s going to hell in a hand basket thanks to his Keynesian policies.</p> <p style="margin-left: 20px"></p></blockquote><p></p>
[QUOTE="Babagounj, post: 839389, member: 12952"] [INDENT](CNS News) — President Barack Obama and First Lady Michelle Obama own between $2.1 million and $10.25 million in U.S. Treasury securities, according to the president’s financial disclosure form released yesterday. But all of that money is invested in short-term U.S. Treasury bills and intermediate-term U.S. Treasury notes. None is in long-term U.S. Treasury bonds. By definition, according to the U.S. Treasury Department, Treasury “bills” mature in one year or less, Treasury “notes” mature in terms of 2 to 10 years, and Treasury “bonds” mature in 30 years. U.S. Treasury bonds pay a higher interest rate than the shorter-term Treasury notes and bills, but they also carry a higher risk of their value being eroded by inflation. …As listed on page 3 of the disclosure, the president and first lady own three blocs of U.S. Treasury securities. They own a bloc of short-term Treasury bills worth between $100,001 and $250,000 in a SEP/IRA. They own a much larger bloc of short-term Treasury bills worth between $1,000,001 and $5,000,000 that is not in an IRA. And they own a bloc of intermediate-term Treasury notes worth between $1,000,001 and $5,000,000. It’s [I]almost[/I] like he knows America’s going to hell in a hand basket thanks to his Keynesian policies. [/INDENT] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Michele Bachman gets called onto the carpet! By a high schooler!
Top