Wednesday, May 11, 2011

The Biggest Loser

Can our Government do anything right?


Evidently not...
The national mail service said Tuesday that it expects to have a cash shortfall and reach its statutory borrowing limit by the time its fiscal year ends in September. That means the agency could be forced to default on some of its payments to the federal government
And of course my favorite little Government boondoggle is far from over...
The two companies are expected to cost taxpayers $259 billion by the time all is said and done. Of course, that $259 billion is only to cover bad loans made during the housing bubble, prior to the government’s conservatorship of Fannie and Freddie. However, under the current circumstances, it seems likely that the losses and concomitant bailouts will continue mounting, and someday Americans may look back wistfully upon the day when they thought they would get socked for “only” $259 billion for these two money pits.
This is no longer something to laugh at and just be sarcastic about(but I will anyway) the future of our country is crumbling before our very eyes.
Big Government is our enemy, not our friend...

My 4 day old(yes 4 days old!) Grand Daughter is already in debt!! Ugh.

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