Monday, June 28, 2010

unrestrained spending debt and taxes

The Free Enterprise Nation - unrestrained spending debt and taxes
"The federal government says that national debt is $13.5 TRILLION, yet they plan to borrow another $1.5 trillion this year, and another $7 trillion over the next decade.

Meanwhile, experts say that there is ANOTHER $106 trillion of HIDDEN debt for Social Security and Medicare, and the government’s own pension plan for civilian and military pensions is completely unfunded.

Congress has just guaranteed Fannie Mae and Freddie Mac debt, and these two “financial black holes” have guaranteed $8 trillion of unworthy mortgages!"

No comments: