Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
Sentiment: NEGATIVE
The Great Bailout is mostly over for the banks. But for those troubled behemoths of the nation's housing bust, Fannie Mae and Freddie Mac, the lifeline from Washington just keeps getting longer.
There is a limit to how much the United States Treasury can borrow.
The debt they ran up in the first year of the Obama administration is bigger than the last four years of the Bush combined.
Worry is the interest paid by those who borrow trouble.
The Republicans in the House and the Bush administration are bankrupting this country.
Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.
The bailout of Fannie Mae is completely off the books. It's going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
If the financial system collapses, it's really, really hard to put it back together again.
In addition to reining in spending, taxes, tolls and fees, let's rein in how much the state borrows.
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