Monday, 12 November 2012

Guess Who Said

If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the people's power to pay and continues to pile up deficits, then it is on the road to bankruptcy.

Answer: America's 32nd President............see photograph below............still didn't get it, then scroll down.
Franklin D. Roosevelt

Answer: Franklin Delano Roosevelt popularly referred to as FDR 

  Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 one half to David Card University of California, Berkeley, USA...