Faithful readers may recall that a day or so ago the question was asked, if the Chinese are selling U. S. Treasuries and not buying them, who will buy all the bonds? Apparently, this is not a new question. To wit:
This delightful video was uncovered at this site. Asking how on earth you got to that site is not an unreasonable question. The trail started here, with this quote:
“What sort of jobs were “created or saved”? Well, the United States Bureau of the Public Debt is headquartered in Parkersberg, West Virginia – and it’s hiring! According to the Careers page of their website: `The Bureau of the Public Debt (BPD) is one of the best places to work in the federal government. When you work for the BPD, you’re a part of one of the federal government’s most dynamic agencies.'”
In case you are wondering, the quotor was, I believe, trying for either snark or irony. This reader was interested more in the fact that there was a Bureau of Public Debt. Mind you, knowing the prowress of one Robert Byrd, it was not a surprise that such a governmental office might be located in West Virginia. Regardless, the Oracle Google was consulted. It turns out that the Bureau of Public Debt has been consolidated into what is now the Bureau of the Fiscal Service. Their mission and vision statements are as follows:
We're a new Bureau of the Treasury Department formed from the consolidation of the Financial Management Service and the Bureau of the Public Debt. Our mission is to promote the financial integrity and operational efficiency of the U.S. government through exceptional accounting, financing, collections, payments, and shared services.
Our vision is to help transform financial management and delivery of shared services in the federal government. We'll provide exceptional services and collaborate with and help other government organizations raise the level of their performance.
One certainly wishes them only great success.
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